HaiZheng Pharmaceutical: Net profit in the first quarter was 356 million yuan, an increase of 83.13% year-on-year.

Hai Zheng Pharmaceutical released its performance report, with total operating revenue of 2.39 billion yuan in the first quarter, a year-on-year decrease of 9.17%; net profit was 356 million yuan, a year-on-year increase of 83.13%. The company transferred 100% equity of Zhejiang Pharmaceutical Industry Co., Ltd., resulting in an increase in non-recurring gains and losses; at the same time, benefiting from the growth in sales of pharmaceutical preparations, as well as continuous promotion of lean production and process optimization to achieve production cost reduction and efficiency improvement, the company achieved good growth in net profit after deducting non-recurring gains and losses.