CanSino Biologics (HKG:6185) said it expects to return to profit in 2025 based on a preliminary estimate, according to a Hong Kong bourse filing Thursday.
The vaccine maker's shares were up nearly 6% in midday trade Friday.
The firm posted 27.9 million yuan in attributable profit for the year, compared with a loss of 378.9 million yuan in 2024, according to preliminary figures.
Basic earnings per share were 0.11 yuan, compared with loss per share of 1.53 yuan a year ago.
Revenue jumped 26% year-on-year to 1.07 billion yuan, the firm said, citing the preliminary data.