Summary by Moomoo AI
Antengene Corporation Limited announced its interim financial report as of June 30, 2024, revealing a revenue of RMB 60,779 thousand during the period, a decrease of 15.6% compared to RMB 72,016 thousand in the same period last year. Other income and gains significantly decreased from RMB 121,073 thousand to RMB 27,317 thousand. Research and development costs reduced from RMB 226,093 thousand to RMB 130,841 thousand, while sales and distribution expenses also decreased from RMB 88,246 thousand to RMB 56,028 thousand. The company incurred a loss of RMB 167,033 thousand during the period, showing an improvement compared to RMB 218,694 thousand in the same period last year. No dividends were distributed by the company during the reporting period. As of June 30, 2024, the company's cash and bank balances amounted to RMB 1,023,682 thousand. The board of directors has reviewed the interim financial report, which underwent independent review by the external auditor Ernst & Young CPA Ltd.
