Shanghai Pharmaceuticals Holding Co Ltd Class H

02607: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$15.60	Fmgct	Jlsgnscn

Shanghai Pharmaceuticals' Full-Year Results In Line; Shares Undervalued

Jay Lee

Apr 4, 2022

Narrow-moat Shanghai Pharmaceuticals, or SPH, announced full-year results that were in line with our expectations. Revenue was CNY 216 billion and CNY 111 billion for the full year and second half, respectively, representing 12.5% and 5.6% year-on-year growth. Profit margins were stable as expected.

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