CanSino returned to loss after the new crown vaccine could not be sold and the pre-loss exceeded 800 million

CanSino Biological Co., Ltd., which continued to lose money before listing, will turn losses into profits in 2021 due to the huge sales of the new crown vaccine. But the good times don’t last long. In 2022, CanSino’s pre-loss will exceed 830 million yuan, and the loss after deducting non-net profit will exceed 945 million yuan. The reason is that the new crown vaccine cannot be sold. At the same time, CanSino is still continuing to develop the new crown vaccine, investing a lot of money, and the vaccines that cannot be sold and have exceeded the shelf life have to be scrapped and depreciated. The success of the new crown vaccine, the failure of the new crown vaccine, and CanSino, which has been listed on the Science and Technology Innovation Board for three years, returned to losses. On January 31, CanSino’s A+H shares all fell sharply. | Related reading (Netease Finance)

Shi Yan

Just before the announcement of the liberalization in December last year, the inhaled vaccine developed by CanSino was launched. The market had expected to improve its performance, but unexpectedly, the inhaled vaccine did not allow CanSino to get rid of losses. The reason is easy to understand. Although inhaled vaccines are easier to vaccinate, according to the feedback from people around them, the side effects are relatively large. In addition, the current vaccines cannot fundamentally prevent virus mutations, which leads to people’s low willingness to vaccinate.

In addition, in December, the vast majority of people were infected before they had time to receive the inhalation vaccine. In fact, there was no re-vaccination within half a year after infection, so even though various experts kept reminding them to take a different vaccine for the fourth dose , implying that everyone should vaccinate CanSino, but in fact the vaccine still cannot be sold.

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