证券代码：601607 证券简称：上海医药 编号：临2023-091 上海医药集团股份有限公司 关于 I035 获得临床试验批准通知书的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 通知书编号：2023LP02304, 2023LP02305, 2023LP02306 审批结论：根据《中华人民共和国药品管理法》及有关规定，经审查，2023 年 9 月 6 日受理的 I035 颗粒剂符合药品注册的有关要求，同意本品开展临床试 验。 二、该项目研发及注册情况 I035 颗粒剂是一款免疫调节剂，能抑制肠道的炎症反应和增强肠道的免疫调 节。临床前研究显示I035颗粒剂能改善肠炎动物模型的症状和肠道的炎症反应。 该项目由上海医药自主研发，公司拥有完全知识产权。截至本公告披露日， 该项目已累计投入研发费用 5,105.74 万元人民币。 近日，上海医药集团股份有限公司（以下简称"上海医药"或"公司"）自 主研发的"I035"收到国家药品监督管理局（以下简称"国家药监局"）核准签 发的《药物临床试验批准通知书》，现将有关情况公 ...

2023 年 11 月 18 日，上海医药集团股份有限公司（以下简称"本公司"）董 事会收到周军先生的书面辞职报告。因个人原因，周军先生辞去本公司董事长、 非执行董事、董事会战略委员会召集人及委员等全部职务。辞职报告自送达本公 司董事会之日起生效。辞任后，周军先生将不再担任公司及下属企业任何职务。 按照《公司章程》规定，在过渡期间，暂由公司副董事长履行董事长职务。公司 将按照法定程序尽快完成董事补选、新任董事长选举等工作。 周军先生已确认其与董事会并无意见分歧，亦不存在任何与其辞任有关的事 项须提请公司股东注意。根据《中华人民共和国公司法》、《上海证券交易所股票 上市规则》、《公司章程》等相关规定，周军先生辞任未导致公司董事会成员低于 法定人数。公司拥有完善的治理和管理结构，以及内部控制机制，上述事项对公 司日常经营无重大影响。 证券代码：601607 证券简称：上海医药 公告编号：临2023-090 上海医药集团股份有限公司 关于董事长辞任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 特此公告。 上海医药集团 ...

Financial Performance - For the first nine months of 2023, the company achieved operating revenue of CNY 197.51 billion, a year-on-year increase of 13.11%[10] - The pharmaceutical industrial segment generated sales revenue of CNY 20.8 billion, growing by 5.09% year-on-year, while the pharmaceutical commercial segment reported sales of CNY 176.71 billion, up 14.14% year-on-year[10] - The net profit attributable to shareholders for the first nine months was CNY 3.797 billion, a decrease of 21.13% year-on-year, but the adjusted net profit excluding one-time items was CNY 4.265 billion, an increase of 8.57%[10] - The Chinese traditional medicine segment achieved industrial revenue of CNY 7.472 billion, reflecting a growth of 16.51% year-on-year[11] - Total operating revenue for Q3 2023 reached ¥197.51 billion, an increase of 13.09% compared to ¥174.61 billion in Q3 2022[30] - Net profit for Q3 2023 was ¥4.95 billion, a decrease of 17.26% from ¥5.98 billion in Q3 2022[31] - The company reported a total comprehensive income of ¥4.78 billion for Q3 2023, down from ¥5.61 billion in Q3 2022[32] - The net profit for the first three quarters of 2023 was CNY 1,594,396,493.16, compared to CNY 1,436,948,657.78 in the previous year, indicating a growth of approximately 11%[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period is 80,053[21] - The top shareholder, Shanghai Pharmaceutical Group, holds 716,516,039 shares, accounting for 19.34% of total shares[21] - The company reported a total of 80,053 shareholders, with 78,313 being A-share holders and 1,740 H-share holders as of the report date[22] - The total number of issued A-shares was 2,784,228,350, while H-shares totaled 919,072,704, bringing the total shares to 3,703,301,054[22] Assets and Liabilities - Total assets at the end of the reporting period amount to ¥213,146,380,397.62, showing a year-on-year increase of 7.58%[16] - The company's equity attributable to shareholders at the end of the reporting period is ¥68,509,809,654.05, an increase of 2.16% compared to the end of the previous year[16] - The total current liabilities rose to RMB 122.43 billion, compared to RMB 110.69 billion at the end of 2022, marking an increase of around 10.6%[26] - The company's total liabilities reached RMB 122.43 billion, indicating a significant portion of the total assets is financed through liabilities[26] - Total liabilities increased to ¥133.00 billion in Q3 2023, compared to ¥120.13 billion in Q3 2022, reflecting a growth of 10.73%[30] Cash Flow - The cash flow from operating activities for the year-to-date is ¥2,302,460,609.68, with no applicable data for the current reporting period[16] - Operating cash inflow for the first three quarters of 2023 reached ¥207.17 billion, up from ¥185.77 billion in the same period of 2022, representing an increase of approximately 11.5%[34] - Net cash flow from operating activities for Q3 2023 was ¥2.30 billion, a significant improvement compared to a negative cash flow of ¥158.75 million in Q3 2022[35] - The company reported a net cash flow from operating activities of CNY -229,646,633.04 for the first three quarters of 2023, slightly worse than CNY -224,878,559.54 in the same period of 2022[44] Research and Development - The company is advancing the clinical trial application for WST04, a novel oral microbial preparation for treating advanced malignant tumors, which was accepted by the National Medical Products Administration in September 2023[12] - The company is also developing I035, an immune modulator, with its clinical trial application accepted in September 2023[12] - Research and development expenses for Q3 2023 were ¥1.47 billion, compared to ¥1.39 billion in Q3 2022, indicating an increase of 5.00%[30] - The company’s research and development expenses for the first three quarters of 2023 were CNY 280,853,232.39, a decrease from CNY 323,183,649.00 in the previous year[41] Investment Activities - The company achieved an investment income of CNY 1,906,100,940.80, compared to CNY 1,801,456,578.38 in the same period of 2022, reflecting a growth of approximately 5.8%[41] - Cash received from financing activities in Q3 2023 was ¥59.46 billion, a decrease from ¥65.82 billion in Q3 2022, indicating a decline of about 9.1%[35] - Investment cash outflow for the first three quarters of 2023 was ¥28.63 billion, down from ¥36.88 billion in the same period of 2022, indicating a reduction of approximately 22.4%[35]

Financial Performance - For the first nine months of 2023, the company achieved operating revenue of RMB 197.51 billion, representing a year-on-year growth of 13.11%[5] - The net profit attributable to shareholders was RMB 3.797 billion, a decrease of 21.13% year-on-year, while the adjusted net profit was RMB 4.265 billion, reflecting an increase of 8.57%[5] - The company’s net profit attributable to shareholders, excluding non-recurring gains and losses, was RMB 3.304 billion, a decrease of 10.64% year-on-year[5] - Net profit attributable to the parent company for the first three quarters of 2023 was approximately ¥3.63 billion, down 18.4% from ¥4.45 billion in the same period of 2022[24] - Operating profit for the first three quarters of 2023 was ¥6.56 billion, down 13.93% from ¥7.62 billion in the first three quarters of 2022[22] - Net profit for the first three quarters of 2023 was ¥4.95 billion, a decrease of 17.19% compared to ¥5.98 billion in the same period of 2022[22] - Total comprehensive income for the first three quarters of 2023 was approximately ¥4.78 billion, a decrease of 15% from ¥5.61 billion in the same period of 2022[24] Revenue Breakdown - The pharmaceutical industry segment generated sales revenue of RMB 20.8 billion, with a year-on-year increase of 5.09%[5] - The traditional Chinese medicine segment reported industrial revenue of RMB 7.472 billion, marking a year-on-year growth of 16.51%[6] - The pharmaceutical distribution business achieved sales revenue of RMB 177.194 billion, a year-on-year increase of 14.17%[7] - The pharmaceutical retail business generated sales revenue of RMB 6.532 billion, reflecting a year-on-year growth of 15%[7] - The innovative drug segment saw a sales increase of 21%, with 21 new import agency contracts signed in the first three quarters of 2023[7] Research and Development - The company has three new drug applications submitted for pre-NDA or market approval, including innovative drugs WST04 and I035, both of which have received acceptance from the National Medical Products Administration in September 2023[6] - The company has achieved a total of 55 products (79 specifications) that passed the consistency evaluation for generic drugs[6] - Research and development expenses for the first three quarters of 2023 were ¥1.47 billion, an increase of 5.71% from ¥1.39 billion in the same period of 2022[21] - Research and development expenses for the first three quarters of 2023 totaled ¥280,853,232.39, down from ¥323,183,649.00 in the same period of 2022, a decrease of about 13.1%[32] Assets and Liabilities - The total assets at the end of the reporting period were RMB 213.146 billion, a 7.58% increase from the previous year[9] - Total liabilities as of September 30, 2023, were RMB 122.43 billion, compared to RMB 110.69 billion at the end of 2022, marking an increase of around 10.7%[19] - Total liabilities as of September 30, 2023, amounted to ¥133.00 billion, an increase of 10.93% from ¥120.13 billion at the end of 2022[20] - The total assets of the company reached RMB 213.15 billion, up from RMB 198.13 billion, representing a growth of about 7.6%[18] - The company's total equity decreased to ¥40,213,707,935.12 as of September 30, 2023, down from ¥40,756,350,670.90 at the end of 2022, a decline of approximately 1.3%[31] Cash Flow - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥207.17 billion, an increase of 11.5% from ¥185.77 billion in the same period of 2022[26] - Cash outflow from operating activities for the first three quarters of 2023 was approximately ¥204.87 billion, compared to ¥185.93 billion in the same period of 2022, resulting in a net cash inflow of approximately ¥2.30 billion[27] - Cash inflow from investment activities for the first three quarters of 2023 was approximately ¥25.63 billion, an increase of 12.1% from ¥22.80 billion in the same period of 2022[27] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 374,593,657.45, compared to CNY 331,682,201.19 in the same period of 2022, representing an increase of approximately 12.9%[35] - Net cash flow from operating activities was negative CNY 229,646,633.04 for the first three quarters of 2023, slightly worse than the negative CNY 224,878,559.54 in 2022[35] Shareholder Information - The company reported a total of 80,053 shareholders, with 78,313 holding A-shares and 1,740 holding H-shares as of the report date[15] - The company has issued a total of 3.70 billion shares, comprising 2.78 billion A-shares and 919 million H-shares[15]

Financial Performance - The company reported a revenue of RMB 20 billion for the first half of 2023, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 2.5 billion, up 10% compared to the same period last year[14]. - The company's operating revenue for the first half of the year reached ¥132.59 billion, an increase of 18.70% compared to ¥111.71 billion in the same period last year[21]. - Net profit attributable to shareholders decreased by 29.38% to ¥2.61 billion from ¥3.70 billion year-on-year[21]. - Basic earnings per share fell by 37.17% to ¥0.71 from ¥1.13 in the previous year[23]. - The net cash flow from operating activities improved significantly to ¥1.64 billion, compared to a negative cash flow of ¥556.18 million in the same period last year[21]. - The total comprehensive income attributable to the parent company's shareholders for the six months ended June 30, 2023, was RMB 2.48 billion, down from RMB 3.53 billion in the same period of 2022, reflecting a decrease of approximately 29.8%[190]. - The net profit for the six months ended June 30, 2023, was RMB 3.42 billion, compared to RMB 4.56 billion for the same period in 2022, indicating a decline of 25.1%[197]. Market Expansion and Product Development - User data showed an increase in active users by 25% to 5 million during the reporting period[14]. - The company plans to launch three new products in the second half of 2023, targeting a market expansion of 30% in the next fiscal year[14]. - Market expansion efforts include entering two new international markets by the end of 2023[14]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[188]. - The company reported a 24% year-on-year sales increase in its innovative drug segment, successfully introducing 14 new imported products during the reporting period[51]. Research and Development - Research and development expenses increased by 20% to RMB 1 billion, focusing on innovative drug development[14]. - Research and development investment reached RMB 1.218 billion, a year-on-year increase of 25.91%, with R&D expenses at RMB 1.026 billion, up 26.76%[42]. - The company has a new drug pipeline of 64 projects, with 3 projects having submitted pre-NDA or listing applications[42]. - The NDA application for I001 tablets, a new generation oral non-peptide renin inhibitor for hypertension, was accepted in June 2023, with significant trial results achieved[42]. - The NDA application for X842, a new generation potassium competitive acid blocker for gastroesophageal reflux disease, was accepted in February 2023, with a market potential of RMB 13 billion based on 2022 sales data[43]. Financial Stability and Structure - Total assets increased by 7.66% to ¥213.32 billion from ¥198.13 billion at the end of the previous year[21]. - The company maintains a strong financial structure with good control over its asset-liability ratio, leveraging A+H share listings and various investment platforms for capital operation[37]. - The asset-liability ratio increased by 2.36 percentage points to 62.99% at the end of the reporting period[70]. - The company reported a total of RMB 964,650.00 million in credit business with Shanghai Shanshi Group Financial Co., Ltd., with actual occurrences amounting to RMB 217,273.12 million[146]. Corporate Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, with no major omissions[6]. - The company strictly adhered to all applicable provisions of the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[116]. - The Audit Committee reviewed and approved the company's 2023 semi-annual report and the accounting treatment methods adopted[120]. - The company confirmed compliance with the Standard Code for securities transactions by directors during the reporting period[117]. Employee Engagement and Compensation - As of June 30, 2023, Shanghai Pharmaceuticals employed 47,811 people, including 1,540 R&D personnel[76]. - The company has implemented a differentiated compensation system based on position, ability, performance, and market, enhancing employee motivation and aligning with corporate performance[76]. - The stock option incentive plan aims to align the interests of senior management and core employees with the long-term development of the company[81]. Environmental and Social Responsibility - The company is actively responding to the "Healthy China 2030" strategy, focusing on the development of innovative drugs and improving supply chain solutions[27]. - The company is focused on becoming a resource-saving and environmentally friendly group, continuously improving its environmental and energy management systems[122]. - The company plans to implement 69 energy-saving projects, expecting to save approximately RMB 8.3 million, 9.911 million kWh of electricity, 320.1 tons of steam, 446,500 cubic meters of natural gas, and 31,700 tons of water by year-end[122]. Related Party Transactions - The company engaged in related party transactions amounting to RMB 22,884.92 million for procurement and RMB 30,715.79 million for sales with related parties, both representing 100% of similar transactions[135]. - The company reported a total of RMB 3,093.25 million in related party transactions for product procurement and service acceptance, also at 100% of similar market prices[135]. Future Outlook - In the second half of 2023, the company aims to enhance its scale effect and comprehensive strength by actively serving national strategies and promoting major product strategies, with a focus on investment and acquisitions[102]. - The company will continue to increase R&D investment and optimize resource allocation to enhance innovation competitiveness[69].

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥132.59 billion, an increase of 18.70% compared to ¥111.71 billion in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥2.61 billion, a decrease of 29.38% from ¥3.70 billion in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2.20 billion, down 17.96% from ¥2.68 billion in the same period last year[19]. - The net cash flow from operating activities was ¥1.64 billion, a significant improvement from a negative cash flow of ¥556.18 million in the previous year[19]. - Total assets at the end of the reporting period amounted to ¥213.32 billion, reflecting a growth of 7.66% from ¥198.13 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased to ¥67.36 billion, a slight rise of 0.44% from ¥67.06 billion at the end of the previous year[19]. - Basic earnings per share decreased by 37.17% to CNY 0.71 compared to CNY 1.13 in the same period last year[21]. - Diluted earnings per share also decreased by 37.17% to CNY 0.71 from CNY 1.13 year-on-year[21]. - The weighted average return on equity fell by 2.54 percentage points to 3.82% from 6.36% in the previous year[21]. Revenue Segmentation - The pharmaceutical industrial segment generated revenue of RMB 14.699 billion, up 12.64% year-on-year, while the pharmaceutical commercial segment reported revenue of RMB 117.893 billion, a growth of 19.50%[38]. - The company's traditional Chinese medicine segment achieved industrial revenue of RMB 5.120 billion, a year-on-year increase of 21.64%[45]. - The sales of innovative drugs increased by about 24%, with 14 new imported products introduced during the reporting period[53]. Research and Development - Research and development investment reached RMB 1.218 billion, a year-on-year increase of 25.91%, with R&D expenses at RMB 1.026 billion, up 26.76%[41]. - The company has 64 new drug candidates in its pipeline, with 3 already submitted for pre-NDA or market application[41]. - The NDA application for I001, a new oral non-peptide renin inhibitor for hypertension, was accepted in June 2023, with significant market potential as the hypertension drug market in China was valued at RMB 26.75 billion in 2022[41]. - The company emphasizes R&D innovation, maintaining a leading position in R&D investment intensity within the industry[33]. Strategic Partnerships and Market Position - The company has established strategic partnerships with major domestic and international pharmaceutical manufacturers to enhance supply chain solutions[28]. - The company ranked 41st in the 2023 global pharmaceutical companies TOP50 and 3rd in the 2022 China pharmaceutical industry TOP100[27]. - The company is the second-largest pharmaceutical commercial enterprise in China, with a distribution network covering 25 provinces and municipalities[28]. Environmental Compliance and Sustainability - The company is committed to maintaining compliance with environmental regulations and improving its sustainability practices[130]. - The company has implemented online monitoring devices at wastewater discharge points to ensure compliance with environmental standards[135]. - The company has invested in multiple sets of air treatment facilities to manage emissions effectively[135]. - The company achieved 100% compliance in environmental monitoring from January to June 2023, with all monitored parameters meeting standards[149]. - The company plans to complete hardware facility rectifications by the end of 2023 to meet environmental requirements[147]. Corporate Governance and Compliance - The company strictly adhered to all applicable provisions of the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[121]. - The board confirmed compliance with the Standard Code for Securities Transactions by Directors, ensuring all directors and supervisors fully adhered to the code during the reporting period[123]. - The audit committee reviewed and approved the accounting treatment methods adopted in the 2023 interim report[126]. Stock Options and Incentive Plans - The company has granted a total of 25,600,000 stock options, which were later adjusted to 23,258,120 due to changes in the number of participants[83]. - The stock options granted under the incentive plan amount to 25,025,520 shares, representing 1% of the company's total issued shares as of the report date[91]. - The exercise price for the stock options is set at RMB 18.41 per A-share, subject to adjustments for corporate actions[96]. - The incentive plan aims to align the interests of management with the long-term development of the company and prevent talent loss[85]. Legal and Regulatory Matters - The company has no significant pending litigation or arbitration to disclose during the reporting period[78]. - There are no significant lawsuits or arbitration matters affecting the company during the reporting period[169]. - The company has committed to not engaging in non-operational fund occupation by controlling shareholders and related parties[167]. Financial Transactions and Related Party Transactions - The total amount of related party transactions for the company was 22,884.92 million, representing 100% of the total transactions[171]. - The company reported a total of 3,093.25 million in related party purchases, which accounted for 100% of the related transactions[171]. - The company had a loan amount of 600,000.00 million with an interest rate range of 2.30%-5.00%[178].

Financial Performance - Shanghai Pharmaceuticals reported a revenue of RMB 100 billion for the fiscal year 2022, representing a year-on-year growth of 12%[11]. - The company achieved a net profit of RMB 8 billion, which is an increase of 15% compared to the previous year[11]. - Shanghai Pharmaceuticals achieved a revenue of RMB 231.98 billion in 2022, an increase of approximately 7.4% compared to RMB 215.82 billion in 2021[25]. - The company's pre-tax profit for 2022 was RMB 8.81 billion, reflecting a growth of about 8.2% from RMB 8.14 billion in 2021[25]. - The net profit attributable to shareholders was RMB 5.62 billion in 2022, representing a growth of around 10.3% from RMB 5.09 billion in 2021[25]. - The company reported a significant increase in sales costs, management expenses, and financial costs, with changes exceeding 30% year-on-year[93]. - The company reported a sales revenue increase of 7.49% compared to the previous year, reaching approximately ¥231.98 billion[88]. Research and Development - The company is investing RMB 1.5 billion in R&D for innovative drug development, aiming to introduce at least two first-in-class drugs by 2025[11]. - The company has increased its R&D investment by over RMB 2 billion compared to five years ago, indicating a strong commitment to innovation[28]. - Research and development investment totaled RMB 2.8 billion, marking an 11.87% increase compared to the previous year[34]. - The company has expanded its innovative drug pipeline from 16 to 50 projects since 2017, with two new drug applications recently submitted[34]. - The company is actively expanding its research and development efforts across various therapeutic areas, including oncology, autoimmune diseases, and metabolic disorders[49]. - The company has established partnerships with several universities and research institutions to enhance its innovative drug development capabilities[61]. - The company aims to enhance the quality and quantity of R&D outcomes by reforming its innovation mechanism and focusing on patient needs[110]. Market Expansion and Strategy - Shanghai Pharmaceuticals plans to launch three new products in the next fiscal year, targeting a market share increase of 5% in the pharmaceutical sector[11]. - Market expansion efforts include entering two new international markets, with projected revenue contributions of RMB 2 billion in the first year[11]. - The company is exploring strategic acquisitions to enhance its product portfolio, with a budget of RMB 3 billion allocated for potential mergers and acquisitions[11]. - Shanghai Pharma's internationalization strategy made significant progress with the establishment of subsidiaries in Thailand and a joint venture in Singapore, expanding its global business footprint[42]. - The company plans to establish 30 high-quality overseas Chinese medicine centers and develop 50 international cooperation bases to enhance its global presence[73]. - The company aims to enhance its market position by leveraging synergies across its pharmaceutical and retail segments, capitalizing on the continuous growth opportunities in China's healthcare sector[71]. Financial Health and Investments - Total assets reached RMB 198.13 billion in 2022, up from RMB 163.44 billion in 2021, marking an increase of approximately 21.2%[26]. - Total liabilities rose to RMB 120.13 billion in 2022, an increase of approximately 15.1% from RMB 104.37 billion in 2021[26]. - The company has a robust financial structure with a well-controlled debt-to-asset ratio, enhancing its capital operation capabilities[86]. - The company reported a significant rise in asset impairment losses, increasing by 136.02% to ¥331.47 million, indicating higher provisions for production-related asset impairments[88]. - The cash flow from financing activities surged by 675.32% to ¥12.14 billion, attributed to cash received from a private placement of shares[88]. - The company has a stable profit distribution policy, ensuring that cash dividends over the last three years account for at least 30% of the average distributable profits[118]. Corporate Governance and Compliance - The company has established internal compliance and risk management policies to ensure adherence to applicable laws and regulations in both mainland China and Hong Kong[181]. - The company has not issued, repurchased, sold, or redeemed any bonds during the fiscal year ending December 31, 2022[183]. - The company confirmed that all related party transactions were conducted under normal commercial terms and did not exceed the approved limits[179]. - The company has implemented a performance evaluation mechanism based on core, operational, and constraint indicators to determine compensation for directors and senior management[192]. - The company has a non-competition agreement with its major shareholders, ensuring they do not engage in competing businesses or investments[196]. Employee and Talent Management - The company has established a differentiated compensation system for various roles, including management, marketing, R&D, and production, to enhance employee motivation and performance[192]. - In 2022, the company organized 26 training projects, 62 classes, and 24 forums, with a total of 12,802 participants in its empowerment training programs[195]. - The company has developed a comprehensive training system to enhance leadership and professional capabilities, including international management training[195]. - The company has a mechanism in place to ensure that employee income growth is linked to company performance, allowing employees to share in the company's success[192]. Shareholder Information - The top ten shareholders held a total of 1,329,695,237 shares, representing 40.52% of the total issued shares[130]. - Shanghai Pharmaceuticals Group holds 716,516,039 shares, accounting for 19.38% of the total issued shares[130]. - The company plans to distribute a cash dividend of RMB 6.10 per 10 shares, totaling RMB 2,255,503,164.92, which accounts for 40.15% of the net profit attributable to shareholders for the year[115]. - The company has granted a total of 25,600,000 stock options to 210 incentive targets as of December 19, 2019, which was later adjusted to 23,258,120 options for 190 targets due to personnel changes[134][136]. Risks and Challenges - The company faces risks related to geopolitical and international economic conditions, which may impact international trade and investment in the short term[114]. - The company will closely monitor industry changes and increase R&D investment to mitigate risks associated with project development and clinical trial outcomes[114]. - The domestic pharmaceutical industry is witnessing a shift towards innovation-driven development, with policies promoting the accessibility of innovative products[106].

Financial Performance - In Q1 2023, the company achieved revenue of 66.226 billion RMB, a year-on-year increase of 16.39%[9] - The pharmaceutical manufacturing segment generated sales revenue of 7.801 billion RMB, up 12.60% year-on-year, with 60 key products contributing 4.604 billion RMB, a 13.84% increase[9] - The pharmaceutical commercial segment reported sales revenue of 58.425 billion RMB, reflecting a year-on-year growth of 16.92%[9] - The net profit attributable to shareholders was 1.518 billion RMB, representing a year-on-year increase of 21.31%, with the industrial business contributing 0.708 billion RMB and the commercial business contributing 0.861 billion RMB[9] - The company's revenue for the first quarter of 2023 was approximately ¥66.23 billion, representing a year-on-year increase of 16.39%[19] - The net profit attributable to shareholders was approximately ¥1.52 billion, reflecting a year-on-year growth of 21.31%[19] - Total operating revenue for Q1 2023 reached ¥66.23 billion, a 16.5% increase from ¥56.90 billion in Q1 2022[32] - Net profit for Q1 2023 was ¥1.95 billion, representing a 27.5% increase compared to ¥1.53 billion in Q1 2022[34] Research and Development - R&D investment reached 0.547 billion RMB, a 15.80% increase year-on-year, with R&D expenses at 0.541 billion RMB, up 20.82%[9] - The company has 64 new drug candidates in clinical research, including 52 innovative drugs and 12 improved new drugs[11] - The first self-developed new drug, I001, has completed Phase III clinical trials for hypertension, showing positive results[11] - The company has submitted a pre-NDA application for the new drug I008-A, targeting chronic immune disorders, which is expected to fill a clinical gap[12] - Research and development expenses for Q1 2023 were ¥540.69 million, an increase of 20.8% from ¥447.50 million in Q1 2022[33] - Research and development expenses increased to CNY 124,552,189.62 in Q1 2023 from CNY 106,026,867.46 in Q1 2022, reflecting a growth of about 17.5%[42] Market Expansion - The company is expanding its traditional Chinese medicine segment, leveraging historical brands and products with significant cultural heritage[13] - The company aims to enhance its market position in the Chinese medicine sector, supported by national policies promoting the industry[13] - The company has expanded its international presence by entering the Philippine market, with the approval of four specifications of Rosuvastatin Calcium Tablets[16] - The company plans to continue focusing on the Southeast Asian market to enhance its global commercial footprint[16] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥206.04 billion, an increase of 3.99% compared to the end of the previous year[19] - As of March 31, 2023, the total assets of the company amounted to RMB 206,035,799,280.43, an increase from RMB 198,134,901,498.95 as of December 31, 2022, reflecting a growth of approximately 4.8%[28] - The company's current assets totaled RMB 157,170,379,297.84, up from RMB 149,512,870,619.79, indicating an increase of about 5.5%[28] - Total liabilities as of Q1 2023 amounted to ¥126.15 billion, an increase from ¥120.13 billion in the previous year[30] - The total liabilities increased to CNY 24.60 billion from CNY 22.29 billion at the end of 2022[41] Cash Flow - The cash flow from operating activities was negative at approximately -¥2.62 billion, indicating increased cash outflows for purchases and services[19] - In Q1 2023, the company reported cash inflows from operating activities of approximately CNY 64.27 billion, an increase of 15.5% compared to CNY 55.91 billion in Q1 2022[35] - The net cash outflow from operating activities was CNY -2.62 billion, slightly worse than the CNY -2.49 billion reported in the same period last year[36] - The company generated CNY 9.56 billion from investment activities, a significant increase from CNY 180.58 million in Q1 2022[36] - The net cash outflow from investment activities was CNY -2.11 billion, compared to CNY -631.10 million in the previous year[36] - Cash inflows from financing activities totaled CNY 26.49 billion, down from CNY 34.75 billion in Q1 2022[36] - The net cash inflow from financing activities was CNY 4.31 billion, a decrease from CNY 17.59 billion in the same quarter last year[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 78,061[24] - The company reported a total of 3,698,499,159 shares issued, comprising 2,779,426,455 A-shares and 919,072,704 H-shares[26] Financial Ratios - The weighted average return on equity decreased to 2.24%, down by 0.26 percentage points from the previous year[19] - Total equity for Q1 2023 was ¥79.88 billion, up from ¥78.00 billion in Q1 2022[30] - The company's long-term borrowings increased to ¥8.60 billion in Q1 2023 from ¥6.26 billion in Q1 2022[30] - The company's financial expenses decreased to CNY 57,188,926.70 in Q1 2023 from CNY 80,460,137.77 in Q1 2022, a reduction of approximately 29%[42]

Financial Performance - The company achieved operating revenue of RMB 66.226 billion in Q1 2023, representing a year-on-year growth of 16.39%[7] - The net profit attributable to shareholders was RMB 1.518 billion, reflecting a year-on-year growth of 21.31%[7] - The pharmaceutical commercial segment generated RMB 58.425 billion in sales, marking a year-on-year growth of 16.92%[7] - The sales of the innovative drug segment increased by approximately 28% year-on-year, with 7 new imported products introduced[13] - Net profit for Q1 2023 reached approximately ¥1.95 billion, up 27.5% from ¥1.53 billion in Q1 2022[27] - Total comprehensive income for Q1 2023 was approximately ¥1.92 billion, compared to ¥1.49 billion in Q1 2022, reflecting a growth of 28.7%[29] - Basic earnings per share for Q1 2023 were ¥0.41, a decrease from ¥0.44 in Q1 2022[29] - The company reported a basic earnings per share of ¥0.41, down by 6.75% year-on-year[14] Research and Development - R&D investment totaled RMB 547 million, an increase of 15.80% year-on-year, with R&D expenses at RMB 541 million, up 20.82%[7] - The company has 64 new drug candidates in clinical research, including 52 innovative drugs and 12 improved new drugs[9] - The first self-developed 1.1 class new drug, I001, has completed Phase III clinical trials for hypertension, achieving primary endpoint success[10] - The company submitted a pre-NDA application for I008-A, targeting chronic immune disorders related to HIV, aiming to fill clinical gaps[10] - R&D expenses increased to ¥540.69 million in Q1 2023, compared to ¥447.50 million in Q1 2022, indicating a focus on innovation[26] - Research and development expenses increased to ¥124,552,189.62 in Q1 2023 from ¥106,026,867.46 in Q1 2022, reflecting a growth of approximately 17.5%[36] Financial Position - The total assets at the end of the reporting period were ¥206,035,799,280.43, a 3.99% increase from the previous year[15] - The company's total assets reached ¥206.04 billion as of March 31, 2023, up from ¥198.13 billion at the end of 2022[25] - The equity attributable to shareholders increased to ¥68.57 billion as of March 31, 2023, from ¥67.06 billion at the end of 2022, reflecting growth in shareholder value[25] - Total liabilities increased to ¥126.15 billion as of March 31, 2023, compared to ¥120.13 billion at the end of 2022, indicating higher financial obligations[25] - The company's current assets totaled RMB 157,170,379,297.84 as of March 31, 2023, compared to RMB 149,512,870,619.79 as of December 31, 2022, reflecting an increase[22] Cash Flow - The net cash flow from operating activities was negative at -¥2,623,322,412.29, indicating a significant cash outflow[14] - Cash inflow from operating activities in Q1 2023 was approximately ¥64.27 billion, an increase from ¥55.91 billion in Q1 2022[30] - Cash outflow from operating activities totaled approximately ¥66.90 billion in Q1 2023, compared to ¥58.40 billion in Q1 2022[31] - The company reported cash inflow from investment activities of approximately ¥9.56 billion in Q1 2023, significantly higher than ¥180.58 million in Q1 2022[31] - Cash outflow from investment activities in Q1 2023 was approximately ¥11.67 billion, compared to ¥811.68 million in Q1 2022[31] - The total cash and cash equivalents at the end of Q1 2023 amounted to ¥24,104,731,465.82, down from ¥34,611,200,668.81 at the end of 2022, representing a decrease of 30.5%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period was 78,061[20] - The top three shareholders held the following shares: Shanghai Pharmaceuticals Group (716,516,039 shares, 19.373%), HKSCC Nominees Limited (689,221,624 shares, 18.635%), and Yunnan Baiyao (665,626,796 shares, 17.997%)[19] - The total number of issued A-shares was 2,779,426,455 and H-shares was 919,072,704, totaling 3,698,499,159 shares[20] Market Expansion - The company is focusing on the traditional Chinese medicine sector, with plans to enhance the value of its eight core TCM enterprises[11] - The company plans to continue deepening its focus on the Southeast Asian market and expanding its global commercial footprint[13] - The company expanded its international presence by launching four specifications of Rosuvastatin Calcium Tablets in the Philippines[13] Investment Performance - The profit contribution from major equity investments was RMB 177 million, down 15.12% year-on-year[7] - The company reported a net investment income of ¥155.16 million in Q1 2023, down from ¥179.73 million in Q1 2022, indicating fluctuations in investment performance[26] - Investment income for Q1 2023 was reported at ¥225,801,358.48, compared to ¥192,498,159.54 in Q1 2022, showing an increase of approximately 17.3%[36]

Financial Performance - Shanghai Pharmaceuticals achieved over 200 billion RMB in revenue in 2022, ranking 430th in the Fortune Global 500, an increase of 7 places from the previous year[3]. - Shanghai Pharmaceuticals reported a total revenue of RMB 30.5 billion for the year 2022, representing a year-on-year increase of 12%[17]. - The company's net profit attributable to shareholders was RMB 2.1 billion, reflecting a growth of 15% compared to the previous year[17]. - The company's operating revenue for 2022 was CNY 231.98 billion, an increase of 7.49% compared to CNY 215.82 billion in 2021[23]. - Net profit attributable to shareholders for 2022 was CNY 5.62 billion, reflecting a growth of 10.28% from CNY 5.09 billion in 2021[23]. - The gross margin for the year 2022 was reported at 35%, a slight improvement from 34% in the previous year[17]. - The company aims for a revenue growth target of 10-12% for the fiscal year 2023[17]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 20% year-over-year growth[146]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $1.875 billion[146]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB for the fiscal year, representing a 15% year-over-year growth[151]. Research and Development - R&D investment grew from 670 million RMB in 2016 to 2.8 billion RMB in 2022, nearly a fivefold increase, with the number of innovative drug pipelines expanding from 16 to 50[3][4]. - The company has built a comprehensive R&D system covering small molecules, macromolecules, and high-end formulations, enhancing its innovation capabilities[4]. - Shanghai Pharmaceuticals is investing RMB 500 million in R&D for new drug development, focusing on oncology and chronic diseases[17]. - The company has launched two Class 1 new drug applications recently, marking its entry into a new drug development harvest period[3]. - The company has 62 new drug projects in the pipeline, with 50 being innovative drugs, and 2 projects submitted for pre-NDA or listing applications[40]. - The company is actively collaborating with top research institutions and startups to drive original innovation in biomedicine[4]. - The company is focused on enhancing patient compliance and treatment efficacy through innovative drug delivery methods, as demonstrated by the B007 project[44]. - The company is actively pursuing new indications and expanding its clinical trial portfolio, with multiple projects in various stages of development[42]. - The company is committed to increasing R&D investment and optimizing resource allocation to drive innovation[68]. - The company is investing in R&D, with a budget increase of 25% for new technology development[148]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a revenue contribution of 10% from this region by 2025[17]. - The company is exploring potential acquisitions in the biotechnology sector to enhance its product pipeline and market reach[17]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[151]. - The company plans to implement a new digital marketing strategy, aiming to increase online sales by 40%[146]. - The company is considering strategic acquisitions to enhance its product portfolio, targeting a deal worth approximately $100 million[147]. - The company is actively exploring new business areas in medical devices, aesthetic medicine, and health foods to diversify its offerings[61]. - The company is committed to digital transformation, leveraging big data to improve management efficiency and organizational effectiveness[131]. - The company is focusing on the development of traditional Chinese medicine and aims to revitalize well-known brands in this sector[129]. Financial Structure and Investments - The company completed a major private placement project, raising nearly 14 billion RMB, and introduced Yunnan Baiyao as a strategic investor[6]. - The company has raised approximately RMB 14 billion through a non-public issuance of 852,626,796 A shares, with funds allocated for operational capital and debt repayment[133]. - The company maintains a strong financial structure with a good control of the debt-to-asset ratio, leveraging its A+H share listing for capital operations[79]. - The total amount of short-term borrowings increased significantly, with bank pledge borrowings reaching CNY 11.55 billion[94]. - The company reported a significant increase in capitalized R&D expenses, amounting to CNY 342,605,253.63, a 32.16% increase from CNY 259,227,946.08[92]. Corporate Governance and Management - The company’s board consists of 10 members, including 4 independent non-executive directors with expertise in accounting, law, and pharmaceuticals, ensuring compliance with governance standards[139]. - The company has implemented strict information disclosure practices to maintain transparency and protect stakeholder interests[139]. - The total remuneration for all directors, supervisors, and senior management in 2022 amounted to RMB 47.301 million[155]. - The company has established a comprehensive evaluation mechanism for assessing the performance of directors and senior management based on key operational indicators[155]. - The company has seen changes in senior management, including the retirement of a vice president due to age and the appointment of new executives for business needs[156]. Environmental Responsibility - The company invested 11,850,000 RMB in environmental protection during the reporting period[180]. - The company has established an environmental protection mechanism and is classified as a key pollutant discharge unit[180]. - The company is focusing on reducing volatile organic compounds (VOCs) emissions, with a reported level of 12.14 mg/m³, which is within the acceptable range[185]. - The company plans to enhance its wastewater treatment capabilities to meet stricter environmental regulations in the future[186]. - The company conducted a total of 2 comprehensive emergency drills and 9 on-site response drills throughout 2022 to improve employees' emergency response abilities[199].