康龙化成(300759):2024年8月28日投资者关系活动记录表附件之演示文稿（英文版）
The documents, opinions and materials presented in this presentation (the “Document”) have been prepared by Pharmaron Beijing Co., Ltd. (康龍化成(北京)新藥技術股份有限公司) (the “Company”) for use in presentations by the Company and does not constitute a recommendation regarding the securities of the Company. You fully understand that the Document is being made available on a confidential basis and subject to the following provisions. The contents of this Document have not been reviewed by any regulatory authority in any jurisdiction. The distribution of this Document in certain jurisdictions may be restricted by law, and the recipients into whose possession this Document comes should inform themselves about, and observe such restrictions. By accessing this Document, you are agreeing (i) that you have read and agree to comply with the contents of this notice and disclaimer and (ii) to maintain absolute confidentiality regarding the information disclosed in this Document. 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These forward-looking statements reflects the current view of the Company with respect to future events are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and, accordingly, actual results may differ materially from these forward-looking statements. In particular, but without limitation, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any assumptions, projections, targets, estimates, forecasts or any forward-looking statements contained in this Document. Each of the Company and its affiliates, controlling persons, directors, officers, partners, employees, agents, representatives or advisers of any of the foregoing assumes no obligation to update or otherwise revise these forward-looking statements for new information, events or circumstances that occur subsequent to such dates. None of the Company and any of its affiliates, controlling persons, directors, officers, partners, employees, agents, representatives or advisers of any of the foregoing shall have any liability (in negligence or otherwise) in respect of the use of, or reliance upon, the information contained herein by you or any person to whom the information herein is disclosed. In furnishing this Document, the Company and its affiliates undertake no obligation to provide any additional information or to update this Document or any additional information or to correct any inaccuracies which may Performance Segment Financial Future Overview Highlights Highlights Outlook RMB mm 2Q2024 1Q2024 QoQ 2Q2023 YoY Revenue 2,934 2,671 9.9% 2,916 0.6% Net Profit 883 231 282.9% 438 101.6% Non-IFRSs Adjusted Net Profit 351 339 3.7% 494 -28.8%? 2Q2024 revenue achieved strong QoQ growth over 1Q2024, and slight YoY growth over 2Q2023 ? Strong net profit growth driven by the disposal of equity interests in the Company’s minority investment in PROTEOLOGIX, which also improved the Company’s cash position? Non-IFRSs adjusted net profit temporarily declined YoY as a result of increased labor costs (mainly from the newly added employees in 2H2023), increased syndicated loans at the end of 2023, and the operation of new production capacities at the end of 2023 and during the Reporting Period
? Revenue: new POs of laboratory services had gradually converted into revenue in 2Q2024. Due to different delivery cycles, more POs of the CMC services will be delivered from 3Q2024? Net Margin: expect QoQ improvement of Non-IFRSs adjusted net profit margin in 3Q2024 as a result of increased revenue ? Guidance: maintain full-year 2024 guidance of 10%+ revenue growth Data are rounded to the nearest millionGlobal Platform & Customers Rich Pipeline to Fuel Future GrowthDiscovery projects: 666 drug discovery 360+ new customers, 2,200+ active projects, increased by 2.5% YoY customers, including all of the TOP 20 CMC projects: 16 in validation & commercial, global pharmas 19 in PhIII, 162 in PhI/II, 498 in preclinical 21 R&D & manufacturing facilities across Clinical projects: 1,112 CRO projects, China, UK & US, providing fully-integrated including 77 in PhIII. 1,500+ SMO projects, services for SM, LM & CGT CRC team covers 650+ hospitals & clinical trial centers in 140+ cities 20,342 employees, including 1,700+ CGT projects: 21 release testing projects, overseas employees. 18,241 scientists & including 2 commercial projects. 11 CDMO technicians, representing ~90% of total projects, including 1 in PhIII, 6 in PhI/II, 4 in Segments Revenue Composition Global Customers Revenue Composition Segments Revenue Composition Global Customers Revenue Composition
The Company enhanced its DEI 2023 MSCI ESG rating of BBB Working Group of the practice and strengthened its 2023 EcoVadis Bronze Prize Sustainable Markets Initiative occupational health and safety 2024 SNSI ESG Rating of AA. (SMI) China Council, and worked management in accordance with Selected as one of the 2024 Top together with value chain ISO 45001 100 A-share Listed Companies in partners of the industry to make The Company also strengthened ESG Excellence and 2024 Top concerted efforts for energy the DEI management of its 20 A-share Listed Companies in saving and emission reduction supply chain, and expanded its Best Practices in Corporate
? 1H2024 new POs increased by 10%+ YoY ? 1H2024 participated in 666 drug discovery projects, a YoY increase of 2.5%? Campus III in Ningbo began operation, and increased the Company’s capacities in safety assessment, DMPK and in vivo pharmacology services. The safety assessment laboratory received China GLP certification in July 2024 Data are rounded to the nearest million
? Increased costs due to certain modules in Shaoxing facility transferred from CIP into fixed assets in 4Q2023 and increased labor costs in CN & UK Data are rounded to the nearest million1H2023 1H2024
? 1,112 clinical CRO projects, including 77 PhIII clinical trials, 409 PhI/II clinical trials, and 626 other clinical trials ? 1,500+ SMO projects. CRC team covers 650+ hospitals & clinical trial centers in 140+ cities? GPM declined due to revenue mix of different projects and competitions in China market. 2Q2024 GPM improved QoQ as a result of increased revenue Data are rounded to the nearest million
? 12 GLP & non-GLP tox studies for CGT products either had been completed or are in progress ? 11 gene therapy CDMO projects, including 1 in PhIII, 6 in PhI/II & 4 in preclinical? The emerging segment is still in the investment stage. Increased operating costs and depreciation of the biologics CDMO capacity in Ningbo Data are rounded to the nearest million(1)
Disclaimer: These forward-looking statements reflects the current view of the Company with respect to future events are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and, accordingly, actual results may differ materially from these forward-looking statements 中财网
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