Summary by Moomoo AI
Trimed Grass Biotech-B (stock code: 2197) announced its interim performance for the six months ended June 30, 2024. During this period, the company recorded a negative revenue of RMB 101 million, a significant decrease compared to RMB 2.57 million in the same period of 2023. Other income and gains also decreased from RMB 2,510.8 million in the same period of 2023 to RMB 67.1 million. The loss for the period was RMB 95.1 million, while a profit of RMB 650.6 million was recorded in the same period of the previous year. The adjusted loss for the period was RMB 87.3 million. Cash and bank balances decreased from RMB 1,095.5 million at the end of 2023 to RMB 829.8 million. The company made progress in research, production, and commercialization, especially with the RSV candidate vaccine SCB-1019 showing positive initial immunogenicity and safety data in clinical trials. In addition, the company completed the batch issuance of the quadrivalent influenza vaccine AdimFlu-S in China, preparing for market access and distribution before the autumn and winter vaccination season.