智通财经APP获悉，香港联交所最新资料显示，9月2日，Schroders PLC增持凯莱英(06821)9.4万股，每 股作价96.8184港元，总金额约为910.09万港元。增持后最新持股数目为499.15万股，最新持股比例为 18.12%。 ...

Investment Rating - The industry is rated as "Outperforming the Market" with an expected relative increase of over 10% in the next six months compared to the market index [4][32]. Core Insights - In the first half of 2025, the pharmaceutical research outsourcing industry showed robust revenue growth of 13.77% year-on-year and a significant profit increase of 63.82% [2][22]. - The recovery in global financing has led to a resurgence in demand for early-stage drug discovery, shortening the order conversion cycle for CRO (Contract Research Organization) services, which has driven performance [3][30]. - The demand for production outsourcing has been boosted by innovative drugs entering late-stage clinical trials and commercialization, contributing to the growth of CDMO (Contract Development and Manufacturing Organization) services [3][30]. - High-value-added services, such as peptide production, have generated additional revenue streams [2][22]. Summary by Sections 1. Pharmaceutical Sector Performance Review - From January to August 31, 2025, the pharmaceutical sector achieved a 25.50% increase, outperforming the CSI 300 index by 11.22 percentage points, ranking 9th among 31 sectors [9][11]. - The medical research outsourcing sub-sector led the performance with a remarkable increase of 62.37% [13][14]. 2. Pharmaceutical Sector Earnings Review - In the first half of 2025, only the medical services sector among six secondary sub-sectors showed positive growth, while the biopharmaceutical sector experienced the largest decline [18]. - The medical research outsourcing and other biopharmaceutical sub-sectors achieved high profit growth rates of 63.82% and 51.47%, respectively [19]. 3. Medical Services Outsourcing Sector Performance - The medical research outsourcing sector's overall revenue increased by 13.77% year-on-year, with net profit rising by 63.82% in the first half of 2025 [22][27]. - The sector's gross margin improved from 37.95% in 2024 to 39.77% in the first half of 2025, while net margin rose from 14.73% to 24.36% [25]. 4. Investment Recommendations - The report suggests focusing on leading companies benefiting from the increasing industry concentration and those engaged in high-value-added businesses like CDMO and peptides [3][30].

Group 1 - Schroders PLC increased its stake in Kairong Pharmaceutical (06821) by 78,400 shares at a price of HKD 91.2894 per share, totaling approximately HKD 7.1571 million [1] - After the increase, Schroders PLC's total shareholding in Kairong Pharmaceutical reached 4.7466 million shares, representing a holding percentage of 17.23% [1]

Group 1 - Schroders PLC increased its stake in Kelaiying (002821) by purchasing 78,400 shares at a price of HKD 91.2894 per share, totaling approximately HKD 7.1571 million [1] - After the purchase, Schroders PLC's total shareholding in Kelaiying reached 4.7466 million shares, representing a holding percentage of 17.23% [1]

Core Viewpoint - The innovative drug sector is experiencing strong performance due to favorable policies and positive earnings reports, with significant gains in Hong Kong-listed innovative drug stocks [1][2]. Policy Aspects - The National Healthcare Security Administration has introduced a "newly listed drug initial pricing mechanism" to encourage drug research and innovation, marking the first public announcement of this mechanism since last year's consultation [1]. - The mechanism aims to ensure that high-level innovative drugs can achieve returns that correspond to their high investment and risk during the initial listing period [1]. Performance Aspects - In the first half of this year, among 80 listed companies in the innovative drug sector, 34 companies reported year-on-year growth in net profit attributable to shareholders, excluding companies that turned losses into profits or reduced losses [2]. - For instance, Heng Rui Medicine achieved revenue of 15.76 billion yuan, a year-on-year increase of 15.88%, and a net profit of 4.45 billion yuan, up 29.67% [2]. - In the medical device sector, United Imaging Healthcare reported revenue of 6.02 billion yuan, a 12.79% increase, and a net profit of 998 million yuan, up 5.03% [2]. - The continuous optimization of the medical insurance catalog adjustment mechanism by the government has stimulated companies' enthusiasm for innovation, as they see increased chances of their products entering insurance and commercial insurance catalogs [2].

Core Viewpoint - The announcement details the resignation of senior management personnel XINHUI HU from Kailaiying Pharmaceutical Group due to personal reasons, with no impact on the company's operations [1][2]. Group 1 - XINHUI HU submitted a written resignation report to the board of directors, effective upon delivery [1]. - As of the announcement date, XINHUI HU did not hold any shares in the company, indicating that his departure will not affect the company's normal business operations [1]. - The company and its board expressed gratitude for XINHUI HU's contributions during his tenure, highlighting his diligence and commitment to business development [1].

Core Viewpoint - The company announced the resignation of senior management personnel Xinhui Hu due to personal reasons, effective immediately upon submission of the resignation report to the board [1] Group 1 - Xinhui Hu submitted a written resignation report to the company's board [1] - The resignation is in accordance with the Company Law and the company's articles of association [1] - The resignation takes effect from the date it was delivered to the board [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。 Asymchem Laboratories (Tianjin) Co., Ltd. 凱萊英醫藥集團（天津）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6821） 海外監管公告 本海外監管公告乃由本公司根據香港聯合交易所有限公司證券上市規則第 13.10B 條作 出。 茲載列本公司在深圳證券交易所網站刊登的以下資料中文全文，僅供參閱。 承董事會命 於本公告日期，本公司董事會由董事長兼執行董事 Hao Hong 博士，執行董事楊蕊女 士、張達先生及洪亮先生，非執行董事 Ye Song 博士及張婷女士，以及獨立非執行董 事孫雪嬌博士、侯欣一博士及謝維愷先生組成。 证券代码：002821 证券简称：凯莱英 公告编号：2025-058 凯莱英医药集团（天津）股份有限公司 关于高级管理人员离任的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大 ...

Group 1 - The company Kailaiying announced the resignation of senior executive Xinhui Hu due to personal reasons, effective immediately upon submission of the resignation report to the board [1] - For the first half of 2025, the company's revenue composition shows that the pharmaceutical industry accounts for 99.9% of total revenue, while other businesses contribute only 0.1% [1] - The current market capitalization of Kailaiying is 39.9 billion yuan [2]

凯莱英医药集团（天津）股份有限公司 关于高级管理人员离任的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 凯莱英医药集团（天津）股份有限公司（以下简称"公司"）董事会近日收 到公司高级管理人员XINHUI HU先生递交的书面离任报告。XINHUI HU先生因个人 原因，申请辞去公司高管职务。根据《公司法》和《公司章程》等有关规定，XINHUI HU先生的书面离任报告自送达董事会之日生效。 截至本公告披露日，XINHUI HU先生未直接持有公司股份，其离任不会影响 公司生产经营活动的正常开展。XINHUI HU先生任职期间，勤勉尽责，恪尽职守， 积极推动公司业务发展。公司及公司董事会对XINHUI HU先生在任期间对公司发 展所作出的贡献表示衷心的感谢！ 特此公告。 凯莱英医药集团（天津）股份有限公司董事会 证券代码：002821 证券简称：凯莱英 公告编号：2025-058 二〇二五年九月二日 ...