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Boan Biotech Announces 2022 Financial Results, Showing Accelerated Innovation and Strong 225% Revenue Growth

YANTAI, CHINA - Media OutReach - 28 March 2023 - Boan Biotech (6955.HK) announced its 2022 financial results and recent business developments on March 27, 2023.

2022 business highlights

  • Record high in revenue: In 2022, Boan Biotech's revenue was approximately RMB 516 million, representing a strong growth of 225% from 2021, mainly attributable to the fast sales growth of Boyounuo® and the successful launch of Boyoubei® at the end of last year; its gross profit was approximately RMB 354 million, representing an even stronger growth of 233% from 2021, with a gross margin higher than that in 2021.

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