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
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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



