In 2022, the Chinese pharmaceutical giant Jiangsu Hengrui Pharmaceuticals spent more than 6.3 billion yuan on research and development, representing almost 30 percent of its overall operating income. As the leading developer of oncology medicine, the company's R&D spending increased by more than 400 percent since 2016.
Share of research and development expenditure in overall operating revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022
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Share of R&D expenditure in operating revenue
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Shanghai Stock Exchange. (April 22, 2023). Share of research and development expenditure in overall operating revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1405540/jiangsu-hengrui-pharmaceuticals-randd-expenditure-share/
Shanghai Stock Exchange. "Share of research and development expenditure in overall operating revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022." Chart. April 22, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1405540/jiangsu-hengrui-pharmaceuticals-randd-expenditure-share/
Shanghai Stock Exchange. (2023). Share of research and development expenditure in overall operating revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1405540/jiangsu-hengrui-pharmaceuticals-randd-expenditure-share/
Shanghai Stock Exchange. "Share of Research and Development Expenditure in Overall Operating Revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022." Statista, Statista Inc., 22 Apr 2023, https://www.statista.com/statistics/1405540/jiangsu-hengrui-pharmaceuticals-randd-expenditure-share/
Shanghai Stock Exchange, Share of research and development expenditure in overall operating revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022 Statista, https://www.statista.com/statistics/1405540/jiangsu-hengrui-pharmaceuticals-randd-expenditure-share/ (last visited July 22, 2024)
Share of research and development expenditure in overall operating revenue of Jiangsu Hengrui Pharmaceuticals Co., Ltd. from 2016 to 2022 [Graph], Shanghai Stock Exchange, April 22, 2023. [Online]. Available: https://www.statista.com/statistics/1405540/jiangsu-hengrui-pharmaceuticals-randd-expenditure-share/