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FINWIRES

InnoCare Pharma's Q1 Profit Soars 489%

-- InnoCare Pharma (SHA:688428, HKG:9969) recorded a 489% surge in attributable profit in the first quarter of 2026 to 105.8 million yuan from 18 million yuan a year prior, according to a Thursday Hong Kong bourse filing.

Basic EPS rose to 0.06 yuan in the three months from 0.01 yuan in the corresponding period of the previous fiscal year.

Operating revenue jumped 39% to 528.6 million yuan from 381.3 million yuan in the year-ago period, driven by the volume growth and new contributions from various products, as well as milestone payments under a license agreement with Zenas BioPharma.

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