SHANGHAI, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its 2026 interim financial results and provided corporate updates.
FINANCIAL HIGHLIGHTS
-- As of June 30, 2026, the company's total revenue was approximately
RMB1,696 million for the first half of 2026 (2026H1), a 45% increase
compared to 2025, which was made possible by the rise in sales revenue of
pharmaceutical products. In particular, the domestic sales revenue of our
core product, toripalimab, reached approximately RMB1,299 million, around
36% more than in 2025. In addition, out-licensing revenue also increased
by approximately RMB152 million, an approximately 149% improvement from
2025.
-- Total research and development ("R&D") expenses of the company were
approximately RMB644 million for 2026H1, which was primarily used to
advance the construction of our R&D technology platforms, explore
potential drug targets and strengthen our clinical pipelines.
-- Profit attributable to owners of the company increased to RMB26 million
for 2026H1, representing an increase of approximately RMB439 million
compared to 2025. When excluding the effects of share-based payment,
profit attributable to owners of the company reached RMB153 million,
representing an increase of approximately RMB566 million compared to
2025.
-- Net cash inflow from financing activities was approximately RMB1,643
million, which fully covered the cash outflows in operating and investing
activities, leading to an increase in bank balances and cash. A
successful issuance of the 2026 first tranche of technology innovation
bonds generated a net cash inflow of approximately RMB1,000 million for
the company.
-- As of June 30, 2026, the company's aggregate of bank balances, cash, and
financial products reached approximately RMB3,670 million, providing a
relatively sufficient cash position for further development.
BUSINESS HIGHLIGHTS
During 2026H1, we remained steadfast in tackling patients' "unmet medical needs" and realizing our goal of "improving quality, reducing cost and enhancing efficiency." We continued to ensure all-rounded, high-quality compliance, and made breakthrough progress in discovery, clinical development and commercialization of innovative drugs and business operations with accelerating international development.
-- Advancements in the pipeline: Junshi Biosciences' innovative R&D field
has expanded from monoclonal antibodies to the research and development
of various drug modalities, including small molecule drugs, antibody drug
conjugates ("ADC"), bi-specific or multi-specific antibodies, fusion
protein, nucleic acid drugs and vaccines, as well as the exploration of
next-generation innovative therapies including those for cancer and
autoimmune diseases. To date, a total of four drugs (TUOYI$(R)$, JUNMAIKANG,
MINDEWEI and JUNSHIDA) have been commercialized, five products are in
phase 3 clinical studies (including two products currently awaiting new
drug application [the "NDA"] acceptance), and various innovative drugs
that are competitive in the international market are undergoing
accelerated clinical trials.
-- In February 2026, the indications of toripalimab for the
first-line treatment of nasopharyngeal carcinoma ("NPC") and the
first-line treatment of esophageal squamous cell carcinoma
("ESCC") were approved for marketing in Oman and Qatar.
-- In March 2026, the NDA for JS001sc (toripalimab injection
[subcutaneous injection]) for 12 indications in the treatment of
tumors were accepted by the National Medical Products
Administration (the "NMPA").
-- In April 2026, the indication expansion of toripalimab for the
first-line treatment of ESCC was approved for marketing in
Singapore.
-- In May 2026, the supplemental new drug application ("sNDA") for
the new indication of TUOYI(R) in combination with disitamab
vedotin for the treatment for patients with human epidermal growth
factor receptor 2 ("HER2")-expressing (which is defined as
achieving score of 1+, 2+ or 3+ in HER2 immunohistochemistry test)
locally advanced or metastatic urothelial carcinoma ("UC") was
approved by the NMPA.
-- In May 2026, the phase 3 clinical study of TUOYI(R) in combination
with chemotherapy as perioperative treatment for resectable stage
II-III non-small cell lung cancer ("NSCLC") patients met the
primary endpoint in the final analysis. In July 2026, the
supplemental application for the indication of TUOYI(R) in
combination with chemotherapy as perioperative treatment for
resectable stage II-III NSCLC patients was accepted.
-- In May 2026, the indications of toripalimab for the first-line and
second-line or later treatment of NPC were approved for marketing
in Malaysia and South Africa.
-- In June 2026, the indications of toripalimab for the first-line
treatment of NPC and first-line treatment of ESCC were approved
for marketing in Peru.
-- In June 2026, the indications of toripalimab for the first-line
and second-line or later treatment of NPC were approved for
marketing in Brazil.
-- Updates on external collaborations
-- In June 2026, JunTop Biosciences, a controlling subsidiary of the
company, reached a collaborative agreement with the Institute of
Microbiology, Chinese Academy of Sciences. JunTop Biosciences was
granted the exclusive global license rights for quadrivalent
recombinant dengue vaccine.
-- In June 2026, the company entered into a license agreement with
Fosun Wanbang, a wholly-owned subsidiary of Fosun Pharma. The
company granted Fosun Wanbang the right to develop, register,
manufacture and commercialize roconkibart ("JS005" or "anti-IL-17A
monoclonal antibody") in the Greater China region. Under the
agreement, the company will receive an upfront payment of RMB215
million, which shall be non-deductible and non-refundable, and
will be eligible to receive milestone payments for product
development and sales of RMB1,125 million, as well as double-digit
tiered royalties based on net sales in the Greater China region.
-- Updates on other significant events
-- From November 2025 to March 2026, Mr. Xiong Jun, one of the
controlling shareholders and actual controllers, and the chairman
of the Board of the Directors of Junshi Biosciences, increased his
shareholding of the company by 3,259,495 A shares and H shares in
aggregate, accounting for 0.32% of the total share capital of the
company, with a total transaction amount of RMB100,638,052.19.
About Junshi Biosciences
Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapeutics. With our outstanding capacity for innovative drug discovery, strong biotechnology R&D capability, and large-scale production capacity, we have successfully developed a drug candidate portfolio with global competitiveness and a well-structured research pipeline, which covers therapeutic areas including cancer, autoimmune, metabolic, and infectious diseases. Our innovative field spans cutting-edge therapeutic modalities, including mAbs, small-molecule drugs, ADCs, bsAb/msAb, fusion proteins, nucleic acid drugs and vaccines. Five of the company's products have received marketing authorizations in China and international markets, one of which is toripalimab, China's domestically developed anti-PD-1 monoclonal antibody. Toripalimab has been approved in over 50 countries and regions including China, the US, and Europe.
With a mission of "providing patients with world-class, trustworthy, affordable, and innovative drugs," Junshi Biosciences is "In China, For Global." At present, the company boasts over 3,000 employees mainly in the United States (Maryland) and China (Shanghai, Suzhou, Beijing, Guangzhou). For more information, please visit: http://www.junshipharma.com.
Junshi Biosciences Contact Information
IR Team:
Junshi Biosciences
info@junshipharma.com
+ 86 021-6105 8800
PR Team:
Junshi Biosciences
Zhi Li
zhi_li@junshipharma.com
+ 86 021-6105 8800