中國生物製藥有限公司（「本公司」）董事會（「董事會」）宣佈，自二零二六年一月十三日起： 陳先生確認與董事會並無分歧意見，亦無有關其辭任而須知會聯交所及本公司股東之事宜。 賴女士自二零二五年九月加入本公司，加入本公司之前，彼曾就職於普華永道中天會計師事務所、 里昂證券研究以及數家於聯交所上市之公司，在財務審計、資本市場、信息披露、企業管治及公司 秘書事務領域擁有逾十七年經驗。賴女士畢業於北京大學光華管理學院會計學專業，取得管理學學 士學位，並於香港大學取得工商管理碩士學位。彼為香港公司治理公會及英國特許公司治理公會特 許秘書、特許公司治理師以及會士。 1 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） 網站：www.sinobiopharm.com （股份編號：1177） 公司秘書及授權代表之變更 謝其潤 香港，二零二六年一月十三日 於本公告日期，本公司董事會包括六位執行董事，即謝其潤女士、謝炳先生、鄭翔玲女士、謝承潤 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約，亦不在任何司法權區構成 任何投票或批准的招攬。 本公告並非旨在以直接或間接方式於或向美國或有關發佈、刊發或派發屬違法的司法權區派發。本 公告並不構成在美國或任何其他倘無根據當地證券法律登記或符合資格即屬違法的司法權區，要約 提呈出售任何證券或邀請作出購買任何證券的要約。倘無登記或獲適用豁免登記規定，證券不得在 美國提呈發售或出售。於美國公開發售任何證券將須以招股章程的方式進行，而招股章程須載有關 於提呈發售的公司、管理層以及財務報表的詳盡資料。本公司無意在美國公開發售證券。 （於開曼群島註冊成立之有限公司） 網站：www.sinobiopharm.com （股份編號：1177） 股份交易 收購赫吉亞100%股權 涉及根據一般授權發行代價股份 董事會欣然宣佈，於二零二六年一月十三日，本公司（透過買方）全資收購赫吉亞。買方（本公司一 間全資附屬 ...

瑞银发布研报称，中国生物制药(01177)管理层表示，今年对外授权(BD)业务发展指引需要更多时间才 能确定。预计今年公布的数据结果，包括TQB3702在血癌中的一期临床数据、TQA3334的二期临床数 据，以及lanifibranor针对代谢相关脂肪性肝炎的三期临床数据。该行现予公司"买入"评级，目标价12.2 港元。 至于2025年国家医保药品目录谈判结果，管理层对VIIa的入选前景感到乐观，因只有3间企业获选纳 入。同时，penpulimab首次成功进入医保目录;anlotinib获准扩展至软组织肉瘤一线治疗且未有任何降 价，而Yilishu因报销范围扩大而受益。 ...

智通财经APP获悉，瑞银发布研报称，中国生物制药(01177)管理层表示，今年对外授权(BD)业务发展 指引需要更多时间才能确定。预计今年公布的数据结果，包括TQB3702在血癌中的一期临床数据、 TQA3334的二期临床数据，以及lanifibranor针对代谢相关脂肪性肝炎的三期临床数据。该行现予公 司"买入"评级，目标价12.2港元。 至于2025年国家医保药品目录谈判结果，管理层对VIIa的入选前景感到乐观，因只有3间企业获选纳 入。同时，penpulimab首次成功进入医保目录; anlotinib获准扩展至软组织肉瘤一线治疗且未有任何降 价，而Yilishu 因报销范围扩大而受益。 ...

Group 1 - The MSCI China Healthcare Index has increased by 11.8% year-to-date, outperforming the MSCI China Index which rose by 9.1% [1] - The pharmaceutical industry has seen significant growth, primarily due to the valuation correction that occurred in the fourth quarter of last year, leading to strong allocation interest from institutional investors at the beginning of the year [1] - The trend of innovative drugs going overseas is expected to continue until 2026, with a focus on the clinical progress and data validation of pipelines that have already entered international markets [1] Group 2 - The report recommends buying shares in companies such as 3SBio, Genscript Biotech, WuXi AppTec, and China National Pharmaceutical Group [1]

（文章来源：每日经济新闻） 每经AI快讯，中国生物制药(01177.HK)一度涨超4%，截至发稿涨3.5%，报7.09港元，成交额4.31亿港 元。 ...

中国生物制药（01177）盘中涨超4%，截至发稿，股价上涨3.50%，现报7.09港元，成交额4.39亿港元。 基于销售数据，美银证券微调其2026及2027年收入预测，目标价从9.4港元下调至8.3港元。此外，石药 集团因重点药品销售低迷，被维持"跑输大市"评级。 来源：新浪港股 报告显示，医院渠道销售额按年转降3.3%，零售渠道基本持平。中国生物制药产品表现分化，部分核 心产品销售额增长，但另一些显著下滑。 近日，美银证券发布报告指出，10月中国内地医药行业药品销售额按年下降3%，增速较9月大幅回落， 并重申对中国生物制药的"买入"评级。 ...

Core Viewpoint - China Biologic Products (01177) has seen a stock increase of over 4%, currently trading at 7.09 HKD with a transaction volume of 431 million HKD, as reported by UBS [1] Group 1: Business Development - The management of China Biologic Products indicated that more time is needed to finalize the guidance for its out-licensing (BD) business for this year [1] - Key data results expected this year include Phase I clinical data for TQB3702 in blood cancer, Phase II clinical data for TQA3334, and Phase III clinical data for lanifibranor targeting metabolic-associated fatty liver disease [1] Group 2: Market Outlook - The management is optimistic about the inclusion prospects of VIIa in the 2025 National Medical Insurance Drug List negotiations, as only three companies are selected for inclusion [1] - Penpulimab has successfully entered the medical insurance list for the first time, while anlotinib has been approved for expansion to first-line treatment of soft tissue sarcoma without any price reduction [1] - Yilishu benefits from an expanded reimbursement scope [1] Group 3: Product Information - The VIIa product is the recombinant human coagulation factor VIIa N01 (brand name: Anqixin) developed by China Biologic Products' subsidiary, which received NMPA approval for market entry on July 3, 2025 [1] - This product is the first domestically produced recombinant human coagulation factor VIIa biological product, breaking the long-standing monopoly of imported products, improving drug accessibility for hemophilia patients, and reducing treatment costs [1]

瑞银发布研报称，中国生物制药管理层表示，今年对外授权(BD)业务发展指引需要更多时间才能确 定。预计今年公布的数据结果，包括TQB3702在血癌中的一期临床数据、TQA3334的二期临床数据， 以及lanifibranor针对代谢相关脂肪性肝炎的三期临床数据。至于2025年国家医保药品目录谈判结果，管 理层对VIIa的入选前景感到乐观，因只有3间企业获选纳入。同时，penpulimab首次成功进入医保目 录；anlotinib获准扩展至软组织肉瘤一线治疗且未有任何降价，而Yilishu因报销范围扩大而受益。 中国生物制药(01177)涨超4%，截至发稿，涨3.5%，报7.09港元，成交额4.31亿港元。 公开资料显示，中国生物制药的VIIa品种是旗下正大天晴开发的注射用重组人凝血因子VIIa N01(商品 名：安启新)，2025年7月3日获NMPA批准上市。作为国内首个国产重组人凝血因子VIIa类生物制品，打 破了进口产品长期垄断的局面，提高了抑制物阳性血友病患者的用药可及性，降低了患者治疗成本。 ...

Investment Rating - The report maintains a "Positive" investment rating for the pharmaceutical industry [4] Core Insights - The pharmaceutical index rose by 7.81% from January 5 to January 9, outperforming the CSI 300 index by 5.03%. The brain-machine interface and AI medical sectors are expected to remain active in Q1 2026, with a strong rebound in innovative drugs, particularly small nucleic acids [5][25] - The report highlights the potential for significant advancements in small nucleic acids in 2026, driven by breakthroughs in liver-targeted delivery technologies and a surge in clinical data readouts [8][22] - The report emphasizes the importance of selecting innovative drug stocks with strong fundamentals and suggests focusing on companies that have undergone sufficient adjustments [5][49] Summary by Sections Industry Performance - The pharmaceutical index saw 443 stocks rise and 25 fall during the week, with notable gainers including Innovative Medical (+61.04%) and Sanbo Brain Science (+56.15%). Conversely, Baohua Pharmaceutical saw a decline of -21.65% [5][26][27] Small Nucleic Acids - 2026 is projected to be a pivotal year for the small nucleic acid sector, with advancements in liver-targeted delivery technologies and a high frequency of clinical data readouts expected [8][22] - Arrowhead's delivery platform has shown promising results in clinical trials, validating the feasibility of RNAi therapies for obesity and other conditions [9][11] Investment Recommendations - The report suggests focusing on companies with leading platform capabilities and differentiated pipeline layouts, such as Rebio Biotech, Yuyuan Pharmaceutical, and Frontier Biotech [20][24] - It also recommends a diversified investment approach, including innovative drugs, brain-machine interfaces, and AI medical technologies [47][48] Market Trends - The report notes that the aging population and increasing healthcare demands are driving growth in the pharmaceutical sector, with a focus on chronic diseases and innovative medical technologies [47] - The report highlights the ongoing trend of domestic companies enhancing their capabilities in the global market, particularly in innovative drug development and medical devices [46][47] Key Companies to Watch - Recommended stocks include China National Pharmaceutical Group, Rebio Biotech, Shanghai Yizhong, and Yuyuan Medical [49]