Shineway Pharmaceutical's 2024 Profit Slides 13%; Shares Fall 8%

MT Newswires Live

2025/03/28

China Shineway Pharmaceutical's (HKG:2877) attributable profit fell 13% to 840.1 million yuan in 2024 from 969.5 million yuan in 2023, according to a Friday filing with the Hong Kong bourse.

Earnings per share at the traditional Chinese medicine manufacturer fell to 1.11 yuan from 1.28 yuan in the previous year.

Revenue declined 16% to 3.78 billion yuan from 4.52 billion yuan a year earlier.

The company declared its first interim dividend of 0.36 yuan per share, payable May 20 to shareholders on record as of May 7.

Shares plunged 8% during Friday's afternoon trading.

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