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康龙化成:2026年04月29日投资者关系活动记录表附件之演示文稿(英文版)

巨潮资讯网 04-30 00:00 查看全文

Stock code: 300759.SZ

Stock code: 3759.HK

2026

First Quarterly Results

A p r i l 2 0 2 6Disclaimer

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.This Document has not been independently verified and is not intended to form the basis of any investment decision. It does not constitute an offer or invitation to sell or any solicitation of any offer to subscribe for or

purchase any securities in any jurisdiction in which the making of such offer solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction or would not otherwise

be in compliance with the laws and regulations of such jurisdiction and nothing contained herein shall form the basis of any investment decision contract or commitment whatsoever. This Document contains no

information or material which may result in it being deemed (1) to be an advertisement invitation or document containing an advertisement or invitation falling within the meaning of section 103 of the Securities and

Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “Securities and Futures Ordinance”) or (2) in Hong Kong to have effected an offer to the public without compliance with the laws of Hong Kong or being

able to invoke any exemption available under the laws of Hong Kong and is subject to material change without notice.The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the “U.S. Securities Act”) or under the laws of any state of the United States. This Document

does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States and is not for distribution and may not be distributed directly or indirectly in or into the United

States (including its territories and possessions any state of the United States and the District of Columbia). The securities of the Company will not be offered or sold in the United States except pursuant to an

exemption from or in a transaction not subject to the registration requirements of the U.S. Securities Act. There will be no public offer of the Company’s securities in the United States.This Document and the information contained herein as well as information presented orally or otherwise are strictly confidential and must be treated as such. Neither the information contained in this Document nor any

copy hereof may be directly or indirectly taken or transmitted into or distributed in the United States Canada Australia Japan PRC Hong Kong or any other jurisdiction which prohibits the same except in compliance

with applicable securities laws. Any failure to comply with this restriction may constitute a violation of U.S. or other jurisdiction's securities laws. Upon request the recipient will promptly return this Document and any

other written information made available in the presentation without retaining any copies.This Document does not purport to be comprehensive or to contain all the information that a recipient may need in order to evaluate the Group. No representation warranty or undertaking express or implied is given

and so far as is permitted by law no responsibility or liability is accepted by any person (for the avoidance of doubt including but not limited to the Company and its affiliates controlling persons directors officers

partners employees agents representatives or advisers of any of the foregoing) with respect to the accuracy reliability correctness fairness or completeness of this Document or its contents. The information

communicated in this presentation contains certain statements that are or may be forward looking. These statements typically contain words such as "will" "expects" “intends” “plans to” and "anticipates" and words of

similar import. 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

become apparent.

21Q2026 Overview

RMB mm 1Q2026 1Q2025 YoY

Revenue 3578 3099 15.5%

Net Profit 335 306 9.7%

Non-IFRS Net Profit 406 349 16.2%

Net Operating Cash Flow 604 853 -29.1%

? New POs: new POs increased by 30%+ YoY

? MNC Customers: revenue from TOP20 Pharmas increased by 48.0% YoY

? Cash Flow: increased procurement to support business growth & OCF declined YoY

? Guidance: remain confident in achieving the 2026 revenue growth target of 12–18%

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 31Q2026 Revenue Compositions

Segments Revenue Composition Global Customers Revenue Composition

Biologics & CGT ROW 3%

Services 2% NA Revenue Grew 9.6%

Clinical

Development China

Services 14% EU Revenue Grew 10.7% 18%

North

CN Revenue Grew 43.4%

Laboratory America

Services 61%

Europe

59%

18%

Small Molecule

CDMO Services

24%

China/Overseas Entities Revenue Composition Diversified Customer Base Revenue Composition

New Customers

2%

China Entities Overseas TOP20 Pharmas TOP20

Subsidiaries

Revenue Grew 17.6% Revenue Grew 48.0% Pharmas

11%19%

Overseas Subsidiaries Other Customers

Revenue Grew 0.3% Revenue Grew 9.9%

China Other Repeat

Entities 89% Customers

80%

41Q2026 Laboratory Services

RMB mm 1Q2026 1Q2025 YoY

Revenue 2122 1857 14.3%

GPM 44.1% 45.5% -1.4pct

? Rapid YoY growth in bioscience revenue & steady growth in lab chemistry revenue

? GPM slightly declined YoY due to FX impact

? New POs increased by 20%+ YoY

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 51Q2026 Small Molecule CDMO Services

RMB mm 1Q2026 1Q2025 YoY

Revenue 866 693 25.0%

GPM 31.4% 30.4% 1.0pct

? Despite FX headwinds economies of scale drove YoY GPM improvement

? Driven by large-scale production orders new POs increased by 50%+ YoY

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 61Q2026 Clinical Development Services

RMB mm 1Q2026 1Q2025 YoY

Revenue 500 447 11.8%

GPM 7.1% 11.8% -4.7pct

? Early-stage clinical trial services in US achieved strong revenue growth YoY while clinical

development services in CN delivered steady revenue growth YoY

? GPM declined due to revenue mix of different projects & competitions in China market

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 71Q2026 Biologics & CGT Services

RMB mm 1Q2026 1Q2025 YoY

Revenue 88 99 -11.0%

GPM -92.8% -68.9% -23.9pct

? Biologics CDMO services achieved rapid revenue growth YoY

? Integrated projects had been delivered by end of 2025. In 1Q2026 gene therapy CDMO

revenue & GPM declined YoY

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 81Q2026 Expenses for the Period

Selling and Distribution Expenses as % of Total Revenue Administrative Expenses as % of Total Revenue (1)

12.7%12.8%12.6%12.9%12.6%

2.2%2.1%2.2%2.2%2.2%

2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026

R&D Costs as % of Total Revenue Net Finance Costs as % of Total Revenue (2)

1.2%

3.9%4.1%

1.0%

3.8%3.9%3.9%0.9%0.9%

0.1%

2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026

1. Excluding share-based compensation expenses recognized in administrative expenses 9

2. Net finance costs including interest expenses on bank borrowings and lease liabilities interest income and bank wealth management products related gains or lossesExpect to Continue to Achieve Positive Free Cash Flow in 2026

RMB mm

3221

2865

2754

25772669

2041

853

556604579

2023 2024 2025 1Q2025 1Q2026

Net Operating Cash Flow CAPEX

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 101Q2026 Non-IFRS Adjusted Net Profit

RMB mm 1Q2026 1Q2025

Net Profit 335 306

Add:

Share-based Compensation Expenses 16 16

Foreign Exchange Related Losses 41 2

Realized and Unrealized Losses from

626

Equity Investments

Amortization of Intangible Assets from Acquisitions 7 0

Non-IFRS Adjusted Net Profit 406 349

Data are rounded to the nearest million. 1Q2025 and 1Q2026 financials are unaudited 112026 Outlook

The evolving healthcare demands and technological innovations will sustain the

development of our industry. Global customer demand continued to demonstrate

resilience while demand from China customers is showing signs of recovery

Continue to develop our end-to-end fully integrated and multiple modalities-capable

services platform further advance our CDMO business model and deepen the

integration of AI and automation across operations to drive sustained growth

Remain confident in achieving the 2026 revenue growth target of 12–18%

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 12

materially from these forward-looking statementsTHANK YOU

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