Sino Biopharmaceutical Ltd

01177: XHKG (HKG)

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Sino Biopharm Earnings: Out-Licensing Revenue Leads to 5% FVE Increase but Portfolio Still Lags

Kai Wang

Aug 24, 2026

Sino Biopharmaceutical's first-half 2026 revenue grew 11% year on year to CNY 19.4 billion, while operating margin increased 1,300 basis points, mainly driven by out-licensing agreements made with Sanofi earlier this year.

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Sino Biopharmaceutical Ltd

Sino Biopharm Earnings: Out-Licensing Revenue Leads to 5% FVE Increase but Portfolio Still Lags

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