Core Viewpoint - The recent performance of the company shows a simultaneous decline in revenue and growth in profit, primarily due to cost optimization measures. However, the sustainability of this model raises concerns [2][4]. Financial Performance - The company has experienced a continuous decline in operating revenue for seven consecutive quarters from Q1 2024 to Q1 2025, with the largest drop of -7.24% in Q2 2024. The decline narrowed to -1.92% in Q1 2025 but did not reverse the downward trend [3]. - Despite a 1.92% drop in revenue, the net profit attributable to the parent company increased by 4.75%, attributed to significant cost optimization. In Q1 2025, the company reduced three types of expenses by 137 million yuan [4][5]. Cost Management - The company has a history of using cost-cutting measures to boost profits, having reduced sales expenses from 3.598 billion yuan in 2023 to 3.255 billion yuan in 2024, and management expenses from 654 million yuan to 613 million yuan [5]. - The reduction in asset impairment losses from 310 million yuan in 2023 to 182 million yuan in 2024, a decrease of 41.44%, also contributed to profit growth [6]. R&D Investment - The company's R&D expenses have been declining, with a drop from 1.335 billion yuan in 2023 to 1.033 billion yuan in 2024, representing a 22.58% decrease. In Q1 2025, R&D expenses were 216 million yuan, continuing the downward trend [7][8]. - The termination of several R&D projects, including the PD-1 project, reflects a strategic shift and raises concerns about the company's innovation capabilities [10][13]. Core Business Performance - Revenue from both chemical preparations and traditional Chinese medicine preparations has declined, with the overall revenue dropping by 4.97% in 2024. The chemical preparations segment saw a 6.87% decline, significantly impacted by national medical insurance negotiations and centralized procurement policies [14][15]. - The traditional Chinese medicine segment experienced a 19.27% revenue decline, primarily due to a drop in demand for antiviral granules following a high base effect from the previous year [15]. Market Challenges - The company faces multiple challenges in future growth due to policy adjustments and changes in market demand, particularly in the chemical and traditional Chinese medicine sectors [2][14].

格隆汇8月18日丨丽珠医药(01513.HK)发布公告，2025年8月18日耗资299万元人民币回购7.31万股A股。 ...

丽珠医药(01513)发布公告，于2025年8月18日斥资299.2万元回购7.31万股A股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 麗珠醫藥集團股份有限公司 呈交日期： 2025年8月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01513 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

智通财经APP讯，丽珠医药(01513)发布公告，于2025年8月18日斥资299.2万元回购7.31万股A股。 ...

表格類別： 股票 狀態： 新提交 公司名稱： 麗珠醫藥集團股份有限公司 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01513 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年8月15日 | | 299,807,117 | | 0 | | 299,807,117 | | 1). 其他 (請註 ...

Trading Information Summary - On August 15, 2025, the main capital inflow for Lizhu Group was 39.34 million yuan, while retail and speculative capital saw outflows of 28.72 million yuan and 10.62 million yuan respectively [1][3]. Company Announcement Summary - Lizhu Group received the acceptance notice from the National Medical Products Administration for the domestic production registration of JP-1366 tablets, an innovative potassium ion competitive acid blocker (P-CAB) for treating gastroesophageal reflux disease [1][3]. - The clinical study for JP-1366 included 362 patients and demonstrated that its efficacy in esophageal mucosal healing was non-inferior to that of the comparator drug, Naisan, while significantly improving symptoms such as heartburn and reflux [1][3]. - Cumulative R&D expenses for JP-1366 reached approximately 185.21 million yuan as of the announcement date [1]. - According to IQVIA data, the domestic terminal sales for P-CAB are projected to be approximately 1.25 billion yuan in 2024, reflecting a year-on-year growth of 81.22%, with Q1 2025 sales estimated at around 394.35 million yuan, also showing an 81.63% increase year-on-year [1].

Core Viewpoint - Lijun Group's JP-1366 tablet has received acceptance for its domestic production drug registration application, indicating progress in its development pipeline for treating gastroesophageal reflux disease [1][2] Company Announcements - Lijun Group's JP-1366 tablet registration application was accepted by the National Medical Products Administration, with a cumulative R&D investment of approximately RMB 185.21 million [1] - The company has initiated a Phase III clinical study for JP-1366, involving 362 patients, showing non-inferiority in esophageal mucosal healing rates compared to the control drug, Naisan [2] Market Performance - As of August 15, 2025, Lijun Group's stock closed at RMB 40.1, a 0.25% increase from the previous week, with a total market capitalization of RMB 36.254 billion [1] - The stock reached a weekly high of RMB 40.75 and a low of RMB 39.26, ranking 15th in the chemical pharmaceutical sector and 453rd among A-shares [1] Sales Projections - According to IQVIA data, the domestic terminal sales for P-CABs are projected to reach approximately RMB 1.248 billion in 2024, reflecting a year-on-year growth of 81.22%, with Q1 2025 sales estimated at RMB 394.35 million, up 81.63% year-on-year [2]

Group 1 - The core point of the announcement is that the company’s subsidiary, Lijun Pharmaceutical Group Co., Ltd., has received a notice of acceptance from the National Medical Products Administration for the domestic production registration of JP-1366 tablets, which are indicated for gastroesophageal reflux disease [1][2] Group 2 - JP-1366 tablets are an innovative potassium-competitive acid blocker (P-CAB) that effectively inhibits gastric acid secretion, promoting esophageal mucosal healing and improving reflux symptoms [2][3] - A Phase III clinical study has been initiated to compare JP-1366 tablets with Esomeprazole magnesium enteric-coated tablets in Chinese patients with gastroesophageal reflux disease, involving 362 patients [2] - The clinical study results indicate that JP-1366 tablets achieve a mucosal healing rate comparable to Esomeprazole within 8 weeks and significantly improve symptoms such as heartburn and reflux [2][3] Group 3 - The market for P-CABs in China is projected to reach approximately RMB 1.25 billion in 2024, reflecting a year-on-year growth of 81.22% from 2023 [4] - The first quarter of 2025 is expected to see P-CAB sales of around RMB 394.35 million, marking an 81.63% increase compared to the first quarter of 2024 [4] - The introduction of JP-1366 tablets will enhance the company’s product pipeline in the gastrointestinal field, providing more comprehensive treatment options [4]

Core Viewpoint - Lijun Pharmaceutical Group Co., Ltd. has received a notice of acceptance from the National Medical Products Administration for the domestic production registration of JP-1366 tablets, an innovative potassium ion competitive acid blocker for the treatment of gastroesophageal reflux disease [1][2]. Group 1: Drug Registration and Approval - The drug name is JP-1366 tablets, with a specification of 20mg, aimed at treating reflux esophagitis [1]. - The application for domestic production registration has been accepted by the National Medical Products Administration, indicating a positive step towards market entry [1]. Group 2: Drug Development and Clinical Trials - JP-1366 tablets are designed to inhibit gastric acid secretion by blocking the K(+) channel of the H(+), K(+)-ATPase, effectively promoting esophageal mucosal healing and alleviating reflux symptoms [2]. - A Phase III clinical trial involving 362 patients with reflux esophagitis has been initiated, with results showing that JP-1366 tablets achieve a mucosal healing rate comparable to the existing treatment, Esomeprazole [2][3]. Group 3: Financial Investment in R&D - The total research and development investment for JP-1366 tablets has reached approximately RMB 185.21 million [4]. Group 4: Market Situation - Proton pump inhibitors (PPIs) and potassium ion competitive acid blockers (P-CABs) are recognized as first-line treatment options for gastroesophageal reflux disease in clinical guidelines [5]. - The estimated domestic terminal sales for P-CABs in 2024 are approximately RMB 1.25 billion, reflecting a year-on-year growth of 81.22% [5][6]. - In the first quarter of 2025, the estimated domestic terminal sales for P-CABs are around RMB 394.35 million, showing an increase of 81.63% compared to the same period in 2024 [6].