JW THERAP-B (02126) announced its annual results for the period ended December 31, 2025. The group recorded revenue of RMB 284 million, an increase of 79.3% compared to the previous year. The annual loss was RMB 555 million, narrowing by 5.98% year-on-year. The basic loss per share was RMB 1.34.
Revenue was primarily derived from (i) sales of the group's commercialized product, Relma-cel (倍诺达®), and (ii) a non-exclusive license granted to Juno for the JW sLVV production process and related technical knowledge (as well as patents). Product revenue increased by 38.4%, from RMB 158 million for the year ended December 31, 2024, to RMB 219 million for the year ended December 31, 2025. Non-exclusive license revenue recognized for the year ended December 31, 2025, amounted to RMB 64.5 million, contributing to the overall revenue growth during the reporting period.