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Changchun High & New Technology Industries Group Inc

000661.CSCNY
71.90-44.3%1Y · CNY

Changchun High-Tech Industry (Group) Co., Ltd. researches, develops, manufactures, and sells biopharmaceuticals and traditional Chinese medicines in China through its subsidiaries. Its products include recombinant human growth hormone injection, recombinant human follicle stimulating hormone for injection, herpes zoster vaccines, live attenuated varicella vaccine, freeze-dried nasal spray live attenuated influenza, xueshuanxinmaining tablet, and yinhuamiyanling tablet. The company also develops real estate properties. Founded in 1993, it is based in Changchun, China.

Price · split & dividend adjusted

Why is Changchun High & New Technology Industries Group Inc (000661.CS) moving?

Latest
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Profit Halved, but Drug Pipeline and Global Deal Advance

  • Interim Profit Halved First-half 2026 net profit fell 51.64% to 475 million yuan as revenue dropped 16.06%. This is the single biggest drag on the stock because it shows the core business is shrinking, even though operating cash flow rose 40.92%.

    The profit decline is the main negative force on the stock this period.

  • Pipeline Wins Keep Coming The company's GeneScience unit won Chinese regulatory acceptance or approval for four new drug candidates: Jintuoximab for gastric cancer, GenSci136 for lupus, GenSci144 for chronic kidney disease, and GenSci133 for osteoporosis. These add future revenue sources, though trials can still fail.

    These pipeline advances are the main positive driver and show where future growth may come from.

  • Osteoporosis Drug Trial Approved GenSci133 injection received clinical trial approval for osteoporosis. It is a long-acting biologic that may be injected only every three to six months, which could make it easier for patients to use and strengthen the company's endocrine and metabolic product line.

    This is a concrete regulatory step forward for a key pipeline asset.

  • Global Rights Deal and New Approval The company is paying $30 million plus up to $70 million in milestones for worldwide rights to Megace, a drug already on China's insurance list. Separately, its leuprorelin injection for prostate cancer received a registration certificate, expanding the marketed product portfolio.

    These two events add global reach and a new approved product, supporting future sales.

News & notes moving 000661.CS
China
Biotech & Genomic Medicine▲2

GeneScience Pharmaceuticals, a subsidiary of Changchun High-Tech, receives drug registration certificate for leuprorelin mesylate injection

Changchun High-Tech announced on October 8 that its controlling subsidiary GeneScience Pharmaceuticals received a Drug Registration Certificate issued by the National Medical Products Administration, approving the overseas-manufactured drug registration and marketing application for leuprorelin mesylate injection (6M). The drug approval number is HJ20260087, the indication is prostate cancer requiring androgen deprivation therapy, and the strength is 42 mg. In the first half of 2026, Changchun High-Tech achieved revenue of 5.543 billion yuan and net profit attributable to the parent of 475 million yuan.
About megatrends
Biotech & Genomic Medicine › Oncology Therapeutics Regulation
000661.CS · Regulation · Positive Controlling subsidiary GeneScience received NMPA drug registration certificate for leuprorelin mesylate injection, a regulatory approval expanding its product portfolio.
Changchun GeneScience Pharmaceutical Co., Ltd. · Regulation · Positive GeneScience Pharmaceuticals received NMPA Drug Registration Certificate approving overseas-manufactured leuprorelin mesylate injection (6M) for prostate cancer.
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000661.CS▲

Changchun High-Tech Subsidiary to Acquire Global Rights to Megestrol Acetate Oral Suspension for $30 Million

Changchun High-Tech Industries announced that GENSCI Singapore, a wholly owned subsidiary of its controlling subsidiary GeneScience Pharmaceuticals, plans to sign an agreement with Baosheng Pharmaceutical to acquire the intellectual property rights and marketing authorization holder rights for megestrol acetate oral suspension, known as Megace, in all regions worldwide except Hungary. The transaction amount is $30 million, with additional milestone payments of up to $70 million. The product has been included in the national medical insurance drug list.
000661.CS · Capital · Positive Subsidiary GENSCI Singapore to acquire global rights to megestrol acetate oral suspension for $30M plus up to $70M milestones, an M&A/asset acquisition.
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Biotech & Genomic Medicine▲

Changchun High-Tech Subsidiary's Osteoporosis Drug Gets Clinical Trial Approval

Changchun High-Tech Industries Group announced that its controlling subsidiary, Changchun GeneScience Pharmaceutical, has received clinical trial approval from the National Medical Products Administration for its GenSci133 injection, a Class 1 therapeutic biologic, for the treatment of osteoporosis. The drug is a fusion protein of a parathyroid hormone analogue and an anti-RANKL antibody, designed to promote bone formation and inhibit bone resorption through a dual mechanism, with an expected dosing frequency of once every three to six months. The company noted that osteoporosis represents an unmet clinical need in China, and if trials proceed smoothly, the drug will help strengthen its endocrine and metabolic product pipeline, though research and development involves uncertainty.
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Biotech & Genomic Medicine › Metabolic, Diabetes & Obesity Competition
000661.CS · Technology · Positive Subsidiary Changchun GeneScience received NMPA clinical trial approval for its Class 1 osteoporosis biologic GenSci133, advancing its pipeline.
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Changchun High-Tech Industries' 2026 interim net profit was 475 million yuan, down 51.64% year-on-year

Changchun High-Tech Industries released its 2026 interim report, with net profit attributable to the parent company of 475 million yuan, a decrease of 51.64% compared with the same period last year. The company's total operating revenue was 5.543 billion yuan, down 16.06% year-on-year; net cash inflow from operating activities was 1.721 billion yuan, up 40.92% year-on-year. The latest asset-liability ratio was 17.76%, gross margin was 78.84%, ROE was 2.12%, and diluted earnings per share was 1.18 yuan.
000661.CS · Capital · Negative Net profit fell 51.64% year-on-year in interim report.
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Biotech & Genomic Medicine▲

Changchun High-Tech Subsidiary’s GenSci133 Injection Clinical Trial Application Accepted

Changchun High-Tech announced that the clinical trial application for the domestically produced drug registration of its controlled subsidiary GeneScience Pharmaceuticals’ GenSci133 injection has been accepted by the National Medical Products Administration, with acceptance number CXSL2600814, for the indication of osteoporosis. GenSci133 is a PTH peptide and anti-RANKL antibody fusion protein independently developed by GeneScience Pharmaceuticals, classified as a therapeutic biological product Category 1, which inhibits bone resorption and promotes bone formation through dual pharmacological actions, aiming to increase bone mass. Non-clinical studies indicate the drug has the potential for subcutaneous injection once every three to six months. The company stated that this product aligns with its strategic plan in the endocrine field, but the subsequent clinical trial process and results are subject to uncertainty.
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Biotech & Genomic Medicine › Rare Disease Competition
Changchun GeneScience Pharmaceutical Co., Ltd. · Technology · Positive Its independently developed GenSci133 injection received clinical trial application acceptance.
000661.CS · Technology · Positive Clinical trial application for GenSci133 accepted, a novel osteoporosis drug in its pipeline.
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Biotech & Genomic Medicine▲

Changchun High-Tech Subsidiary's GenSci144 Tablets for Chronic Kidney Disease Indication Receive Clinical Trial Approval

Changchun High-Tech subsidiary GeneScience Pharmaceuticals has received approval from the National Medical Products Administration for its clinical trial application for GenSci144 tablets for the chronic kidney disease indication. The drug is a chemical class 1 oral small-molecule inhibitor targeting the SLC6A19 protein. By reducing neutral amino acid absorption, it improves intrarenal metabolism, alleviates inflammatory fibrosis, and slows renal function decline. Its mechanism of action differs from existing drugs and is expected to cover all types of chronic kidney disease patients and be used in combination with existing therapies. There are approximately 674 million chronic kidney disease patients globally, with nearly 156 million adult patients in China. The drug previously received approval for clinical trials for phenylketonuria. The company cautions that the clinical trial process and outcomes are subject to uncertainty.
About megatrends
Biotech & Genomic Medicine › Rare Disease Regulation
Changchun GeneScience Pharmaceutical Co., Ltd. · Technology · Positive Own drug GenSci144 approved for clinical trial in chronic kidney disease, a large market opportunity.
000661.CS · Technology · Positive Subsidiary's novel drug for chronic kidney disease receives clinical trial approval, expanding pipeline.
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Biotech & Genomic Medicine▲

Changchun High-Tech Subsidiary's GenSci136 for Systemic Lupus Erythematosus IND Accepted

The investigational new drug application for GenSci136 for injection, intended for systemic lupus erythematosus, from Changchun High-Tech's controlled subsidiary GeneScience Pharmaceuticals, has been accepted by the National Medical Products Administration. The drug is a Category 1 therapeutic biological product independently developed by GeneScience Pharmaceuticals, employing a dual-target mechanism against BAFF and APRIL. Non-clinical studies have shown favorable pharmacological activity and an acceptable safety profile. Previously, clinical trials for this drug in generalized myasthenia gravis, IgA nephropathy, and ocular myasthenia gravis have been approved in China, and a clinical trial for myasthenia gravis has been approved by the U.S. FDA. The company cautions that there are uncertainties in the subsequent clinical trial process and outcomes.
About megatrends
Biotech & Genomic Medicine › Autoimmune & Immunology Therapeutics Regulation
Changchun GeneScience Pharmaceutical Co., Ltd. · Technology · Positive IND acceptance for GenSci136, independently developed by GeneScience, marks regulatory progress.
000661.CS · Technology · Positive IND acceptance for GenSci136, a novel dual-target biologic for lupus, advances pipeline.
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Biotech & Genomic Medicine▲

Changchun High-Tech Subsidiary's Jintuoximab Injection Marketing Application Accepted

The marketing application for Jintuoximab Injection from Changchun High-Tech's controlled subsidiary, Changchun GeneScience Pharmaceutical, has been accepted by the National Medical Products Administration. The drug is indicated for use in combination with paclitaxel for patients with advanced gastric or gastroesophageal junction adenocarcinoma who have failed prior first-line systemic therapy, with acceptance number CXSS2600110. Jintuoximab Injection is a recombinant anti-VEGFR2 human-mouse chimeric monoclonal antibody. Its pivotal Phase III clinical trial enrolled 754 subjects, and results showed that the primary endpoint of overall survival was successfully met with statistical significance. The company stated that after approval and launch, it will actively promote the drug in the domestic market, but market sales are subject to many factors and involve certain uncertainties.
About megatrends
Biotech & Genomic Medicine › Oncology Therapeutics Competition
Changchun GeneScience Pharmaceutical Co., Ltd. · Technology · Positive Own Jintuoximab Injection marketing application accepted, Phase III trial met primary endpoint.
000661.CS · Technology · Positive Subsidiary's Jintuoximab Injection marketing application accepted, Phase III trial met primary endpoint.
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Changchun High-Tech Subsidiary's GenSci148 Injection Clinical Trial Application Accepted

The clinical trial application for the domestically produced drug registration of GenSci148 injection, developed by Changchun High-Tech subsidiary GeneScience Pharmaceuticals, has been accepted by the National Medical Products Administration. The indications are neovascular age-related macular degeneration, diabetic macular edema, and retinal vein occlusion. GenSci148 is a VEGF multi-blocker independently developed by GeneScience Pharmaceuticals, classified as a Class 1 therapeutic biological product. Based on the proprietary ProlonXTM long-acting platform, it can simultaneously bind VEGF-A, VEGF-C, VEGF-D, and Ang-2, potentially extending dosing intervals and reducing treatment burden. The company stated that this acceptance aligns with its strategic plan in the ophthalmology field, but the subsequent progress and results of the clinical trial remain uncertain.
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Biotech & Genomic Medicine › Tools, Diagnostics & CDMO Technology
000661.CS · Technology · Positive Clinical trial application for GenSci148 injection accepted, a novel VEGF multi-blocker with potential for extended dosing intervals.
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