3SBio announces 2020 annual results, tapping integrated platform advantages for steady growth.

SHANGHAI: Chinese leading biopharmaceutical company 3SBio (01530.HK) today unveiled its 2020 full-year results. The Company maintained stable profitability despite the huge challenge amid the COVID-19 pandemic, while ushering in new milestones. It once again demonstrated 3SBio's leading position in China's biopharmaceutical industry over the years, as well as the Company's strong growth momentum.

In 2020, despite the COVID-19 impact, 3SBio continued to leverage its proven capability to maintain strong performance. According to the list of top 200 domestic pharmaceutical enterprises as of December 2020 released by IQVIA , 3SBIO jumped from 28th last year to 16th. In 2020, The full-year revenue was RMB 5.588 billion, an increase of 5.1% over the same period last year. Gross profit rose 3% year on year to approximately RMB 4.525 billion. Normalized net profit attributable to owners of the parent, after excluding the foreign

exchange differences, increased 5.3% to RMB 1,416.4 million. R&D costs totaled RMB 590.3 million, accounting for 10.6% of revenue. On July 22, 2020, Sunshine Guojian was listed on the STAR market of the Shanghai Stock Exchange. 3SBio's MSCI ESG rating has been continually improved from B initially in 2016 to A in 2020, surpassing 78% of companies in the global biotechnology industry.

3SBio's multiple core products maintained stable organic growth. According to IQVIA\CAP data, TPIAO, which is used to treat thrombocytopenia, posted a new high of RMB 2762.7 million in sales in 2020, an increase of 18.9% year on year. Sales of two recombinant human erythropoietin ("rhEPO") products, EPIAO and SEPO, jumped to RMB 973.9 million, marking a significant year-on-year increase of 30%. Yisaipu, a product to treat rheumatoid arthritis, ankylosing spondylitis, and psoriasis, had sales of RMB 615.3 million. Mandi's sales increased 46.9% year on year to RMB 3 67.6 million yuan. In general, several core products maintained their market-leading positions. Compared with Europe and the United States, the Chinese biopharmaceutical market still has big clinical demand and growth potential. The Company is actively adjusting and optimizing its market strategy to consolidate the leading position of its products.

In 2020, the new drug applications (NDAs) of three products under 3SBio were approved or accepted. On June 19, Cipterbin(r) (Inetetamab), which is independently developed by 3SBio's subsidiary, Sunshine Guojian, was approved by the National...

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