May 16, 2023 08:00 AM

Beigene,Ltd. Posted 2.4 Billion Yuan Net Loss in First Quarter of 2023

00:00

00:00/00:00

Listen to this article 1x

Beigene,Ltd. (百济神州有限公司) (688235.SH) reported a net loss of 2.4 billion yuan in the first quarter of 2023, narrowing 14.6% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 57.4% year-on-year.

At the end of the reporting period, it had 41 billion yuan in total assets and 12.4 billion yuan in total liabilities, with a liability-to-asset ratio of 30.2%.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Powerful Quake Strikes Off Japan

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Chinese Local Governments Risk Replicating Mistakes of LGFVs

00:00

00:00/00:00

MOST POPULAR

1: At China’s Spring Festival Gala, Robotics Becomes Big Business

2: Pentagon Retracts Chinese Military Companies List Twice in Two Days

3: U.K. Proposes Easing Audit Rules to Attract Chinese Listings

4: ByteDance’s Doubao Dominates Spring Festival Gala With 1.9 Billion AI Interactions

5: Xi Prioritizes Domestic Demand and Tech Independence in 2026 Agenda