Meihua Bio reported a 76.46% year-on-year decline in net profit for the first three quarters of 2026, while third-quarter profit fell 96%. Higher sales volumes were offset by lower prices for lysine and threonine; the company said growth in pharmaceutical-grade amino acids partly countered weaker revenue from its core products.
Lower lysine prices and expanded production are adding supply pressure, weighing on lysine prices. The company expects core product prices to be near a floor, but that recovery has not yet materialized.
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