Shanghai Fudan-Zhangjiang FY26 H1 net profit attributable to shareholders more than doubles to RMB 36.89 million; revenue falls 4.58% to RMB 372.23 million

• Shanghai Fudan-Zhangjiang posted net profit of RMB 36.78 million, more than doubled from a year earlier on lower R&D spending.
• Revenue fell 4.58% to RMB 372.23 million, while profit before tax climbed to RMB 36.78 million from RMB 5.62 million.
• EBITDA rose to RMB 74.49 million from RMB 47.73 million; net profit margin widened to 10% from 1%.
• Royalty income included a RMB 45 million upfront payment from Fosun Yaohong for overseas rights to Trop2-SN38 ADC.
• Cash and cash equivalents increased to RMB 1.22 billion; operating cash flow rose 32.81% to RMB 82.63 million.

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