0605 GMT - Sino Biopharmaceutical Will likely to see stronger earnings thanks to its higher gross margins, Nomura analysts write in a note. The company's 1H net profit rose 12% to CNY3.4 billion, beating Nomura's estimates, thanks to dividend income of CNY1.5 billion from the Sinovac investment, they say. The company's sales growth in 1H was driven by innovative drug sales of CNY7.8 billion, which accounted for 44% of its continued business revenue, they say. Nomura lifts its 2025 fiscal year's revenue estimates by 0.4%. Nomura raises the stock's target price to HK$9.17 from HK$7.69 and maintains a buy rating. Shares last at HK$7.32. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
August 19, 2025 02:05 ET (06:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.