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CSPC Innovation Pharmaceutical (300765)

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32.87
-1.13-3.32%

Market Closed Apr 17 15:00 CST

46.17BMarket Cap-191.10P/E (TTM)

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

CSPC Innovation Pharmaceutical (300765) Balance Sheet

All

YOY

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(FY)Dec 31, 2025

(Q9)Sep 30, 2025

(Q6)Jun 30, 2025

(Q1)Mar 31, 2025

(FY)Dec 31, 2024

(Q9)Sep 30, 2024

(Q6)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q9)Sep 30, 2023

Assets

Current assets

Money funds

-11.46%772.17M

-37.94%802.82M

-44.97%815.53M

-51.70%1.3B

-76.87%872.08M

-59.15%1.29B

-48.90%1.48B

-4.04%2.69B

71.71%3.77B

96.62%3.17B

Transactional financial assets

-18.02%385.39M

--430.45M

--465.58M

----

--470.09M

----

Notes receivable and accounts receivable

28.22%529.49M

5.85%543.34M

12.08%541.61M

-8.60%483.93M

-11.07%412.95M

12.20%513.31M

-11.71%483.24M

-3.63%529.44M

-22.95%464.34M

-7.72%457.47M

-Notes receivable

-10.81%88.16M

-3.90%76.81M

-21.73%67.58M

38.03%86.11M

37.36%98.85M

24.20%79.93M

-9.85%86.34M

-43.46%62.38M

-40.67%71.96M

-11.34%64.36M

-Accounts receivable

40.51%441.33M

7.65%466.53M

19.43%474.02M

-14.82%397.82M

-19.95%314.1M

10.24%433.37M

-12.10%396.89M

6.38%467.06M

-18.49%392.38M

-7.10%393.12M

Other receivables (including interest and dividends)

422.30%10.69M

78.84%8.91M

230.86%8.27M

8.94%2.08M

32.48%2.05M

31.99%4.98M

-23.36%2.5M

-31.06%1.91M

-1.03%1.55M

66.59%3.77M

-Dividend receivable

--9.23M

----

-Other receivable

-28.40%1.47M

----

230.86%8.27M

----

32.48%2.05M

----

-23.36%2.5M

----

-1.03%1.55M

----

Contractual assets

----

--11.25M

--11.87M

----

Advance payment

118.14%72.76M

-56.08%32.29M

-22.30%33.73M

-1.60%49.07M

-11.17%33.35M

193.52%73.53M

92.60%43.41M

46.10%49.87M

91.79%37.55M

-42.90%25.05M

Inventories

24.87%497.8M

42.04%456.28M

44.08%433.53M

58.99%416.62M

77.33%398.67M

26.93%321.24M

34.38%300.9M

14.37%262.04M

-5.59%224.82M

21.14%253.08M

Receivable financing

11.69%163.98M

179.55%137.96M

42.16%88.34M

129.62%127.61M

73.62%146.82M

-44.93%49.35M

-63.06%62.15M

-67.79%55.58M

-25.87%84.56M

65.13%89.62M

Other current assets

-9.76%420.87M

503.85%524.61M

827.95%493.35M

1,934.77%471.23M

1,950.77%466.4M

1,122.61%86.88M

212.52%53.17M

67.51%23.16M

20.38%22.74M

-46.68%7.11M

Total current assets

1.81%2.85B

24.75%2.94B

18.10%2.88B

-21.35%2.85B

-39.31%2.8B

-41.18%2.35B

-37.19%2.44B

-4.76%3.62B

44.73%4.62B

46.61%4B

Non Current assets

Investment real estate

--18.74M

----

Long-term equity investment

-1.98%259.22M

5.61%279.06M

9.08%287.19M

5.52%276.95M

-0.98%264.45M

3.49%264.22M

3.47%263.28M

3.83%262.46M

5.36%267.07M

4.62%255.3M

Fixed assets

3.42%2.12B

----

-5.03%1.94B

----

-1.70%2.05B

----

115.97%2.05B

----

111.57%2.08B

----

Constru in process

9.84%681.25M

----

109.90%746.39M

----

171.18%620.23M

----

237.31%355.6M

----

223.34%228.71M

----

Intangible assets

-2.83%218.85M

-2.81%220.45M

-2.78%222.04M

-2.77%223.63M

-2.75%225.21M

366.46%226.81M

363.91%228.4M

361.64%229.99M

359.33%231.59M

19.06%48.62M

Deferred tax assets

1.00%21.83M

4.67%18.41M

11.78%19M

28.06%21.99M

24.51%21.61M

5.40%17.59M

-12.68%17M

-4.42%17.17M

-8.04%17.36M

-3.43%16.69M

Usufruct assets

84.50%2.45M

-53.56%468.15K

-40.96%714.2K

-26.18%1.04M

-17.66%1.33M

-44.40%1.01M

-39.95%1.21M

--1.41M

--1.61M

781.08%1.81M

Other non current assets

158.86%104.28M

-87.00%49.85M

-87.53%66.77M

211.94%63.3M

53.00%40.29M

4,041.79%383.41M

3,276.90%535.51M

69.38%20.29M

65.57%26.33M

-49.92%9.26M

Total non current assets

6.32%3.42B

-2.68%3.27B

-4.69%3.29B

14.02%3.24B

12.79%3.22B

143.55%3.36B

147.17%3.45B

106.57%2.84B

104.86%2.85B

46.91%1.38B

Total assets

4.22%6.28B

8.61%6.21B

4.75%6.17B

-5.80%6.09B

-19.41%6.02B

6.22%5.72B

11.54%5.89B

24.83%6.47B

63.01%7.47B

46.68%5.38B

Liabilities

Current liabilities

Short term loan

--3.2M

----

Notes payable and accounts payable

82.13%721.62M

49.12%611.31M

73.89%540.93M

10.49%434.2M

-68.66%396.21M

394.99%409.95M

126.07%311.07M

171.00%392.97M

607.37%1.26B

24.51%82.82M

-Notes payable

8.58%100.85M

75.28%136.32M

91.28%122.01M

245.34%93.61M

--92.88M

--77.77M

--63.78M

--27.11M

----

-Accounts payable

104.65%620.77M

42.99%474.99M

69.41%418.92M

-6.91%340.59M

-76.01%303.33M

301.09%332.17M

79.72%247.29M

152.31%365.86M

696.48%1.26B

24.51%82.82M

Contract liabilities

39.61%26.09M

31.35%30.14M

32.19%27.68M

42.71%21.35M

-5.65%18.68M

9.42%22.95M

-12.33%20.94M

-66.02%14.96M

-70.99%19.8M

-13.46%20.97M

Salaries payable

39.15%39.58M

6.99%27.51M

2.90%27.83M

-9.37%27.41M

-17.05%28.45M

-14.27%25.71M

-4.99%27.04M

17.71%30.24M

7.74%34.29M

67.78%29.99M

Taxs payable

-54.16%8.45M

-40.13%11.9M

-17.43%12.33M

-45.43%13.15M

-42.99%18.44M

-34.89%19.87M

-58.75%14.93M

-25.85%24.11M

-18.02%32.34M

-10.10%30.52M

Other payable (including interest and dividends)

96.72%1.91B

210.26%1.22B

126.67%1.13B

140.29%1.11B

76.34%969.88M

51.75%393.07M

97.60%500.41M

78.64%460.91M

113.69%550M

70.90%259.02M

-Other payable

96.72%1.91B

----

126.67%1.13B

----

76.34%969.88M

----

97.60%500.41M

----

113.69%550M

----

Non current liabilities due within one year

-6.27%788.46K

-52.98%391.35K

-26.99%601.18K

-22.14%634.27K

4.37%841.22K

4.47%832.27K

-18.34%823.42K

265.96%814.66K

262.06%806K

272.87%796.69K

Other current liabilities

-19.97%1.44M

-50.88%1.33M

-0.84%1.63M

22.59%1.86M

-20.50%1.8M

20.67%2.7M

-5.99%1.64M

-64.74%1.52M

-67.12%2.26M

13.34%2.24M

Total current liabilities

88.88%2.71B

117.36%1.9B

99.04%1.75B

73.54%1.61B

-24.67%1.43B

105.25%875.08M

81.86%876.86M

81.56%925.52M

226.70%1.9B

43.88%426.35M

Current liabilities

Long term account payable

--528.46M

----

Deferred tax liabilities

33.08%1.87M

377.81%2.39M

7,797.25%2.02M

7,012.42%1.73M

5,680.21%1.4M

973.63%500.22K

-51.36%25.63K

-62.58%24.29K

-83.71%46.59K

Long term deferred income

165.14%239.92M

49.95%141.56M

38.20%125.81M

100.71%126.78M

7.52%90.49M

155.19%94.4M

151.03%91.04M

70.53%63.16M

126.18%84.16M

21.25%36.99M

Lease liabilities

--1.66M

----

-79.56%213.69K

-65.94%425.11K

--634.27K

--841.22K

--1.05M

Total non current liabilities

740.02%771.91M

51.34%143.95M

39.73%127.84M

101.35%128.5M

8.08%91.89M

149.74%95.12M

59.76%91.49M

12.36%63.82M

48.97%85.02M

23.67%38.09M

Total liabilities

128.09%3.48B

110.89%2.05B

93.43%1.87B

75.33%1.73B

-23.27%1.53B

108.90%970.19M

79.52%968.34M

74.62%989.34M

210.85%1.99B

41.98%464.44M

Shareholders equity

Paid-in capital

0.00%1.4B

19.97%1.4B

80.00%1.17B

89.16%1.17B

114.42%1.17B

Capital reserve funds

-81.45%181.28M

0.86%983.86M

0.59%981.24M

-18.64%979.32M

-54.00%977.27M

-13.64%975.5M

-9.24%975.5M

-24.54%1.2B

86.63%2.12B

49.36%1.13B

Surplus reserve funds

5.89%359.2M

8.17%355.97M

9.12%351.14M

22.12%345.46M

19.91%339.22M

15.11%329.08M

25.46%321.79M

27.47%282.89M

81.69%285.88M

Retained profit

-21.76%1.04B

-11.55%1.26B

-10.03%1.29B

-27.58%1.29B

-22.10%1.33B

-38.71%1.42B

-35.76%1.43B

-16.35%1.79B

-12.82%1.7B

23.93%2.32B

Less:Treasury stock

0.00%321.03M

41.43%321.03M

718.19%321.03M

7,457.34%321.03M

--321.03M

--226.99M

--39.24M

--4.25M

----

Other composite income

70.79%4.26M

238.96%5.02M

243.03%5.5M

57.79%2.54M

25.78%2.5M

-12.68%1.48M

-33.57%1.6M

168.55%1.61M

175.86%1.98M

177.69%1.7M

Shareholders equity without minority interests

-28.50%2.67B

-3.29%3.69B

-5.08%3.71B

-15.93%3.71B

-29.36%3.73B

-22.35%3.81B

-17.41%3.91B

-4.30%4.41B

34.18%5.28B

47.26%4.91B

Minority interests

-83.29%127.92M

-48.97%477.07M

-42.18%585.15M

-39.08%651.9M

278.07%765.39M

10,742.73%934.81M

11,434.77%1.01B

12,420.67%1.07B

2,255.81%202.45M

0.48%8.62M

Total shareholder equity

-37.83%2.8B

-12.29%4.16B

-12.71%4.29B

-20.45%4.36B

-18.01%4.5B

-3.48%4.75B

3.80%4.92B

18.72%5.48B

39.02%5.48B

47.14%4.92B

Total liabilityies and equity

4.22%6.28B

8.61%6.21B

4.75%6.17B

-5.80%6.09B

-19.41%6.02B

6.22%5.72B

11.54%5.89B

24.83%6.47B

63.01%7.47B

46.68%5.38B

Currency Unit

CNY

Accounting Standards

CAS (2007)

Audit Opinions

Unqualified opinion

Auditor

Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership)

ShinWing Certified Public Accountants (Special General Partnership)

	(FY)Dec 31, 2025	(Q9)Sep 30, 2025	(Q6)Jun 30, 2025	(Q1)Mar 31, 2025	(FY)Dec 31, 2024	(Q9)Sep 30, 2024	(Q6)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q9)Sep 30, 2023
Assets
Current assets
Money funds	-11.46%772.17M	-37.94%802.82M	-44.97%815.53M	-51.70%1.3B	-76.87%872.08M	-59.15%1.29B	-48.90%1.48B	-4.04%2.69B	71.71%3.77B	96.62%3.17B
Transactional financial assets	-18.02%385.39M	--430.45M	--465.58M	----	--470.09M	----	----	----	----	----
Notes receivable and accounts receivable	28.22%529.49M	5.85%543.34M	12.08%541.61M	-8.60%483.93M	-11.07%412.95M	12.20%513.31M	-11.71%483.24M	-3.63%529.44M	-22.95%464.34M	-7.72%457.47M
-Notes receivable	-10.81%88.16M	-3.90%76.81M	-21.73%67.58M	38.03%86.11M	37.36%98.85M	24.20%79.93M	-9.85%86.34M	-43.46%62.38M	-40.67%71.96M	-11.34%64.36M
-Accounts receivable	40.51%441.33M	7.65%466.53M	19.43%474.02M	-14.82%397.82M	-19.95%314.1M	10.24%433.37M	-12.10%396.89M	6.38%467.06M	-18.49%392.38M	-7.10%393.12M
Other receivables (including interest and dividends)	422.30%10.69M	78.84%8.91M	230.86%8.27M	8.94%2.08M	32.48%2.05M	31.99%4.98M	-23.36%2.5M	-31.06%1.91M	-1.03%1.55M	66.59%3.77M
-Dividend receivable	--9.23M	----	----	----	----	----	----	----	----	----
-Other receivable	-28.40%1.47M	----	230.86%8.27M	----	32.48%2.05M	----	-23.36%2.5M	----	-1.03%1.55M	----
Contractual assets	----	----	----	----	----	--11.25M	--11.25M	--11.87M	--11.87M	----
Advance payment	118.14%72.76M	-56.08%32.29M	-22.30%33.73M	-1.60%49.07M	-11.17%33.35M	193.52%73.53M	92.60%43.41M	46.10%49.87M	91.79%37.55M	-42.90%25.05M
Inventories	24.87%497.8M	42.04%456.28M	44.08%433.53M	58.99%416.62M	77.33%398.67M	26.93%321.24M	34.38%300.9M	14.37%262.04M	-5.59%224.82M	21.14%253.08M
Receivable financing	11.69%163.98M	179.55%137.96M	42.16%88.34M	129.62%127.61M	73.62%146.82M	-44.93%49.35M	-63.06%62.15M	-67.79%55.58M	-25.87%84.56M	65.13%89.62M
Other current assets	-9.76%420.87M	503.85%524.61M	827.95%493.35M	1,934.77%471.23M	1,950.77%466.4M	1,122.61%86.88M	212.52%53.17M	67.51%23.16M	20.38%22.74M	-46.68%7.11M
Total current assets	1.81%2.85B	24.75%2.94B	18.10%2.88B	-21.35%2.85B	-39.31%2.8B	-41.18%2.35B	-37.19%2.44B	-4.76%3.62B	44.73%4.62B	46.61%4B
Non Current assets
Investment real estate	--18.74M	----	----	----	----	----	----	----	----	----
Long-term equity investment	-1.98%259.22M	5.61%279.06M	9.08%287.19M	5.52%276.95M	-0.98%264.45M	3.49%264.22M	3.47%263.28M	3.83%262.46M	5.36%267.07M	4.62%255.3M
Fixed assets	3.42%2.12B	----	-5.03%1.94B	----	-1.70%2.05B	----	115.97%2.05B	----	111.57%2.08B	----
Constru in process	9.84%681.25M	----	109.90%746.39M	----	171.18%620.23M	----	237.31%355.6M	----	223.34%228.71M	----
Intangible assets	-2.83%218.85M	-2.81%220.45M	-2.78%222.04M	-2.77%223.63M	-2.75%225.21M	366.46%226.81M	363.91%228.4M	361.64%229.99M	359.33%231.59M	19.06%48.62M
Deferred tax assets	1.00%21.83M	4.67%18.41M	11.78%19M	28.06%21.99M	24.51%21.61M	5.40%17.59M	-12.68%17M	-4.42%17.17M	-8.04%17.36M	-3.43%16.69M
Usufruct assets	84.50%2.45M	-53.56%468.15K	-40.96%714.2K	-26.18%1.04M	-17.66%1.33M	-44.40%1.01M	-39.95%1.21M	--1.41M	--1.61M	781.08%1.81M
Other non current assets	158.86%104.28M	-87.00%49.85M	-87.53%66.77M	211.94%63.3M	53.00%40.29M	4,041.79%383.41M	3,276.90%535.51M	69.38%20.29M	65.57%26.33M	-49.92%9.26M
Total non current assets	6.32%3.42B	-2.68%3.27B	-4.69%3.29B	14.02%3.24B	12.79%3.22B	143.55%3.36B	147.17%3.45B	106.57%2.84B	104.86%2.85B	46.91%1.38B
Total assets	4.22%6.28B	8.61%6.21B	4.75%6.17B	-5.80%6.09B	-19.41%6.02B	6.22%5.72B	11.54%5.89B	24.83%6.47B	63.01%7.47B	46.68%5.38B
Liabilities
Current liabilities
Short term loan	--3.2M	----	----	----	----	----	----	----	----	----
Notes payable and accounts payable	82.13%721.62M	49.12%611.31M	73.89%540.93M	10.49%434.2M	-68.66%396.21M	394.99%409.95M	126.07%311.07M	171.00%392.97M	607.37%1.26B	24.51%82.82M
-Notes payable	8.58%100.85M	75.28%136.32M	91.28%122.01M	245.34%93.61M	--92.88M	--77.77M	--63.78M	--27.11M	----	----
-Accounts payable	104.65%620.77M	42.99%474.99M	69.41%418.92M	-6.91%340.59M	-76.01%303.33M	301.09%332.17M	79.72%247.29M	152.31%365.86M	696.48%1.26B	24.51%82.82M
Contract liabilities	39.61%26.09M	31.35%30.14M	32.19%27.68M	42.71%21.35M	-5.65%18.68M	9.42%22.95M	-12.33%20.94M	-66.02%14.96M	-70.99%19.8M	-13.46%20.97M
Salaries payable	39.15%39.58M	6.99%27.51M	2.90%27.83M	-9.37%27.41M	-17.05%28.45M	-14.27%25.71M	-4.99%27.04M	17.71%30.24M	7.74%34.29M	67.78%29.99M
Taxs payable	-54.16%8.45M	-40.13%11.9M	-17.43%12.33M	-45.43%13.15M	-42.99%18.44M	-34.89%19.87M	-58.75%14.93M	-25.85%24.11M	-18.02%32.34M	-10.10%30.52M
Other payable (including interest and dividends)	96.72%1.91B	210.26%1.22B	126.67%1.13B	140.29%1.11B	76.34%969.88M	51.75%393.07M	97.60%500.41M	78.64%460.91M	113.69%550M	70.90%259.02M
-Other payable	96.72%1.91B	----	126.67%1.13B	----	76.34%969.88M	----	97.60%500.41M	----	113.69%550M	----
Non current liabilities due within one year	-6.27%788.46K	-52.98%391.35K	-26.99%601.18K	-22.14%634.27K	4.37%841.22K	4.47%832.27K	-18.34%823.42K	265.96%814.66K	262.06%806K	272.87%796.69K
Other current liabilities	-19.97%1.44M	-50.88%1.33M	-0.84%1.63M	22.59%1.86M	-20.50%1.8M	20.67%2.7M	-5.99%1.64M	-64.74%1.52M	-67.12%2.26M	13.34%2.24M
Total current liabilities	88.88%2.71B	117.36%1.9B	99.04%1.75B	73.54%1.61B	-24.67%1.43B	105.25%875.08M	81.86%876.86M	81.56%925.52M	226.70%1.9B	43.88%426.35M
Current liabilities
Long term account payable	--528.46M	----	----	----	----	----	----	----	----	----
Deferred tax liabilities	33.08%1.87M	377.81%2.39M	7,797.25%2.02M	7,012.42%1.73M	5,680.21%1.4M	973.63%500.22K	-51.36%25.63K	-62.58%24.29K	-62.58%24.29K	-83.71%46.59K
Long term deferred income	165.14%239.92M	49.95%141.56M	38.20%125.81M	100.71%126.78M	7.52%90.49M	155.19%94.4M	151.03%91.04M	70.53%63.16M	126.18%84.16M	21.25%36.99M
Lease liabilities	--1.66M	----	----	----	----	-79.56%213.69K	-65.94%425.11K	--634.27K	--841.22K	--1.05M
Total non current liabilities	740.02%771.91M	51.34%143.95M	39.73%127.84M	101.35%128.5M	8.08%91.89M	149.74%95.12M	59.76%91.49M	12.36%63.82M	48.97%85.02M	23.67%38.09M
Total liabilities	128.09%3.48B	110.89%2.05B	93.43%1.87B	75.33%1.73B	-23.27%1.53B	108.90%970.19M	79.52%968.34M	74.62%989.34M	210.85%1.99B	41.98%464.44M
Shareholders equity
Paid-in capital	0.00%1.4B	0.00%1.4B	0.00%1.4B	19.97%1.4B	19.97%1.4B	19.97%1.4B	19.97%1.4B	80.00%1.17B	89.16%1.17B	114.42%1.17B
Capital reserve funds	-81.45%181.28M	0.86%983.86M	0.59%981.24M	-18.64%979.32M	-54.00%977.27M	-13.64%975.5M	-9.24%975.5M	-24.54%1.2B	86.63%2.12B	49.36%1.13B
Surplus reserve funds	5.89%359.2M	8.17%355.97M	9.12%351.14M	22.12%345.46M	19.91%339.22M	15.11%329.08M	25.46%321.79M	27.47%282.89M	27.47%282.89M	81.69%285.88M
Retained profit	-21.76%1.04B	-11.55%1.26B	-10.03%1.29B	-27.58%1.29B	-22.10%1.33B	-38.71%1.42B	-35.76%1.43B	-16.35%1.79B	-12.82%1.7B	23.93%2.32B
Less:Treasury stock	0.00%321.03M	0.00%321.03M	41.43%321.03M	718.19%321.03M	7,457.34%321.03M	--321.03M	--226.99M	--39.24M	--4.25M	----
Other composite income	70.79%4.26M	238.96%5.02M	243.03%5.5M	57.79%2.54M	25.78%2.5M	-12.68%1.48M	-33.57%1.6M	168.55%1.61M	175.86%1.98M	177.69%1.7M
Shareholders equity without minority interests	-28.50%2.67B	-3.29%3.69B	-5.08%3.71B	-15.93%3.71B	-29.36%3.73B	-22.35%3.81B	-17.41%3.91B	-4.30%4.41B	34.18%5.28B	47.26%4.91B
Minority interests	-83.29%127.92M	-48.97%477.07M	-42.18%585.15M	-39.08%651.9M	278.07%765.39M	10,742.73%934.81M	11,434.77%1.01B	12,420.67%1.07B	2,255.81%202.45M	0.48%8.62M
Total shareholder equity	-37.83%2.8B	-12.29%4.16B	-12.71%4.29B	-20.45%4.36B	-18.01%4.5B	-3.48%4.75B	3.80%4.92B	18.72%5.48B	39.02%5.48B	47.14%4.92B
Total liabilityies and equity	4.22%6.28B	8.61%6.21B	4.75%6.17B	-5.80%6.09B	-19.41%6.02B	6.22%5.72B	11.54%5.89B	24.83%6.47B	63.01%7.47B	46.68%5.38B
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)
Audit Opinions	Unqualified opinion	--	--	--	Unqualified opinion	--	--	--	Unqualified opinion	--
Auditor	Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership)	--	--	--	ShinWing Certified Public Accountants (Special General Partnership)	--	--	--	ShinWing Certified Public Accountants (Special General Partnership)	--

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

Middle East conflict spreads to the stock market! How should investors respond?

On April 17, the Iranian foreign minister announced the opening of the Strait of Hormuz to merchant ships, and Trump immediately posted a me Show More

牛牛課堂

Mar 4 17:09

Long-term answers | Your account on the left shrinks, while your right hand is chased by the times — Be the person that no bombardment can ever wipe out.

牛牛課堂

Mar 18 18:18

Hormuz, Term Structure and USO: Navigating the Energy Storm