Cansino (688185.SH) announced first-half results, with a net loss of 720,800 yuan to mother

Zhitong Finance App News, Cansino (688185.SH) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 550 million yuan, an increase of 43.81% over the previous year. The net loss attributable to shareholders of the listed company was 720,800 yuan, and the net loss attributable to shareholders of the listed company after deducting non-recurring profit and loss was 5. 48,800 yuan.

Since January 1, 2026, the vaccine products sold domestically by the company will no longer be subject to the 3% levy rate under the simple levy method for biological products, and will instead apply the 13% value-added tax rate under the general taxation method. In the context of adjustments to preferential policies applicable to domestic value-added tax, the Group's revenue increased dramatically during the reporting period, relying on an increasingly rich commercial product portfolio and the gradual expansion of overseas business. Among them, overseas revenue was 152 million yuan, an increase of 4724.19% over the previous year. While operating income is growing rapidly, the Group focuses on cost and expense control, and operating efficiency continues to improve. Total profit turned loss into profit during the reporting period, and net loss attributable to shareholders of listed companies narrowed drastically.

During the reporting period, net cash flow from operating activities increased by a net outflow of $118 million over the same period last year. The main reasons are as follows: During the reporting period, the Group received a decrease of 56.7011 million yuan in international research and development grants, government subsidies and tax rebates compared to the same period last year, so cash inflows from operating activities declined year-on-year. In order to further enhance market competitiveness and drive long-term sustainable development, the Group is actively promoting the introduction of new products into the market and deepening regional market cultivation, and investment in channel construction, academic promotion and market cultivation has increased accordingly.