May 16, 2023 08:00 AM

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

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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%.

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