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Wanbangde: Net profit loss of 199 million yuan in 2025
Wanbangde releases a performance quick report, with total operating revenue of 1.15B yuan in 2025, a year-on-year decrease of 20.69%. Net profit loss of 199 million yuan, compared to a net profit of 55.44M yuan in the same period last year. The company is affected by the continuous promotion of national drug and medical device bidding and centralized procurement policies, with further expansion of the regions covered by centralized procurement. The prices of related products have significantly decreased after centralized procurement, industry market competition has intensified, and some products failed to win bids in the tenth batch of national centralized procurement, resulting in a substantial decline in the company’s profits.