Summary by Moomoo AI
JW Therapeutics announced its results for the year ended 31 December 2023 with revenues of RMB173.9 million, an increase of 19.3% year-on-year. Gross profit increased 50.1% to RMB88.2 million and gross margin increased to 50.7%. Loss for the year decreased to RMB 768.0 million. The Company continues to drive the commercialization of its targeted CD19 autologous CAR-T cell immunotherapy product Benoda® and expects continued sales revenue growth. R&D expenditure increased slightly to RMB413.6 million. THE COMPANY ALSO ANNOUNCED THE REDISTRIBUTION OF NET UNUSED LISTING PROCEEDS TO R&D ACTIVITIES AND TECHNICAL PLATFORM DEVELOPMENT TO SUPPORT BUSINESS GROWTH. The Board of Directors does not propose a final dividend for 2023.