Core Points - The average stock price of A-shares is 12.63 yuan, with 36 stocks priced below 2 yuan, the lowest being *ST Suwu at 1.08 yuan [1] - Among the low-priced stocks, 12 are ST stocks, accounting for 33.33% of the total [1] - The Shanghai Composite Index closed at 3665.92 points as of August 12 [1] Low-Priced Stocks Summary - The lowest priced stock is *ST Suwu at 1.08 yuan, followed by *ST Jinke at 1.41 yuan and Rongsheng Development at 1.43 yuan [1] - In terms of market performance, 15 of the low-priced stocks increased in price, with ST Zhongzhu rising by 5.03%, *ST Tianmao by 2.63%, and *ST Jinglan by 1.75% [1] - Conversely, 12 stocks decreased in price, with Shandong Steel dropping by 1.29%, Chongqing Steel by 1.28%, and *ST Jinke by 0.70% [1] Detailed Low-Priced Stocks Table - The table includes various low-priced stocks with their latest closing prices, daily price changes, turnover rates, price-to-book ratios, and industries [2] - Notable stocks include ST Zhongzhu at 1.88 yuan with a 5.03% increase, and *ST Xingguang at 1.96 yuan with a 1.03% increase [2]

据*ST苏吴7月22日公告，Regen公司于2025年7月18日晚间以邮件方式向达透医疗送达《解约函》，要 求撤销达透医疗作为AestheFill（中文名称"艾素菲"）产品在中国大陆独家经销商的所有相关授权。 江苏吴中医药发展股份有限公司（以下简称"公司"）控股孙公司达透医疗器械（上海）有限公司（以下 简称"达透医疗"）于2022年8月与DaceInternationalMedicalCo.，Ltd以及RegenBiotechInc.三方共同签署了 《关于AestheFill独家销售代理权转让协议》，达透医疗取得AestheFill相关产品在中国大陆的独家经销 权。 根据《独家代理权协议》的明确约定，达透医疗拥有AestheFill产品在中国境内的独家代理权，有效期 至2032年8月28日；且Regen承诺达透医疗前述独家代理权不存在任何法律及事实上的障碍，有关协议 有效期内不存在被取消、终止的风险。 8月11日晚间，*ST苏吴（600200）（600200）发布公告称，公司控股孙公司达透医疗器械（上海）有 限公司（以下简称"达透医疗"）就RegenBiotech，Inc.（以下简称：Regen公司）违约事项 ...

Core Viewpoint - *ST Suwu is in a critical situation regarding the legal dispute over the exclusive agency rights for AestheFill, a product of REGEN Biotech, which has escalated to arbitration [2][3]. Group 1: Legal Dispute - DaTou Medical, a subsidiary of *ST Suwu, has filed for arbitration to confirm its exclusive agency rights for AestheFill and demands continued supply from REGEN [3]. - If DaTou's exclusive rights are not confirmed, it seeks compensation of approximately 1.6 billion yuan from REGEN, with the right to adjust this claim [3]. Group 2: Company Background and Financials - *ST Suwu acquired indirect control of DaTou for 166 million yuan and has invested over 400 million yuan in the clinical registration and market expansion of AestheFill [4]. - In 2024, AestheFill was approved for sale in China, contributing to *ST Suwu's revenue of 330 million yuan, a more than 40-fold increase from the previous year, accounting for 21% of total revenue [4]. Group 3: Regulatory Issues - In February 2025, *ST Suwu was investigated by the CSRC for information disclosure violations, leading to a fine of 10 million yuan and penalties for its chairman [5]. - Following the investigation, REGEN unilaterally terminated the exclusive agency agreement with DaTou, citing violations of the agreement and reputational damage due to *ST Suwu's regulatory issues [5]. Group 4: Market Reaction - As of August 12, *ST Suwu's stock price was 1.08 yuan per share, with a market capitalization of 768 million yuan, while Aimei Ke's stock was 188.45 yuan per share, with a market capitalization of 57 billion yuan [7].

Group 1 - Beijing Beida Pharmaceutical's subsidiary, Beijing Beida Medicine, has suspended its main business since June 2025 due to the termination of a long-term service contract with Peking University International Hospital [1] - The termination reflects the subsidiary's weak business structure and inability to diversify its client base, which may lead to operational sustainability issues and potential personnel adjustments [1] - The parent company may experience short-term performance impacts as a result of this development [1] Group 2 - Huaxi Biological's fermentation-derived chondroitin sodium has successfully completed the main document registration with the National Medical Products Administration, marking it as the first compliant fermentation-derived chondroitin sodium in China [2] - This new pharmaceutical-grade raw material can be applied in Class II and III medical devices, potentially expanding the company's raw material business applications and serving as a new growth point for performance [2] - Future market expansion and downstream customer integration will be critical for the commercial success of this product [2] Group 3 - Tongrentang announced a change in leadership, with the resignation of Chairman Di Shubing and the election of Zhang Zhaohua as the new chairman [3] - This leadership change is part of normal internal rotation and may indicate a strategic management strengthening and business development push for the company [3] Group 4 - *ST Wuzhong has initiated arbitration against Regen Biotech, Inc. for breach of contract, with the Shenzhen International Arbitration Court accepting the case [4] - The arbitration seeks to confirm the validity of the exclusive agency agreement and may involve a preliminary claim for damages amounting to RMB 1.6 billion, covering various losses [4] - The outcome of this arbitration could significantly impact *ST Wuzhong's operational pressure and stock price, depending on the ruling [4] Group 5 - Rongchang Bio's RC148 has been proposed for inclusion in the breakthrough therapy designation program for treating advanced or metastatic non-small cell lung cancer [5] - This PD-1/VEGF dual antibody is the fourth of its kind to receive such designation, following competitors like Kangfang Biotech and Promis [5] - The competitive landscape for multi-target dual antibodies is intensifying, and Rongchang's progress may further drive technological advancements in the industry [5]

Core Viewpoint - The ongoing dispute between *ST Suwu and Aimeike revolves around the exclusive agency rights for the AestheFill product, with *ST Suwu seeking arbitration to confirm the validity of their agreement and claiming damages of 1.6 billion RMB if unsuccessful [1][3]. Group 1: Company Actions and Developments - *ST Suwu announced on August 11 that its subsidiary, Dato Medical, has initiated arbitration against Regen Biotech for breach of contract regarding the exclusive agency agreement for AestheFill [1]. - Dato Medical is requesting the arbitration court to affirm the validity of the exclusive agency agreement and continue its enforcement, with a preliminary claim for damages amounting to 1.6 billion RMB [3]. - In July, *ST Suwu publicly stated that Regen Biotech attempted to terminate the exclusive distribution agreement for AestheFill, which *ST Suwu asserts remains legally binding until 2032 [1][2]. Group 2: Product and Financial Performance - AestheFill, developed by Regen Biotech, is a regenerative injection product that stimulates collagen production, first approved in South Korea in 2014 [2]. - *ST Suwu reported that AestheFill generated sales revenue of 326 million RMB in 2024, accounting for 20.42% of the company's total revenue, with a gross profit of 269 million RMB, representing 34.80% of total gross profit [2]. - In the first quarter of 2024, AestheFill sales reached 113 million RMB, making up 35.55% of *ST Suwu's revenue, with a gross profit of approximately 92.44 million RMB, which is 45.77% of the company's gross profit [2]. Group 3: Market Dynamics and Acquisitions - Aimeike's full acquisition of Regen Biotech was completed in March 2023, with a valuation of approximately 1.597 billion RMB, allowing Aimeike to control 59.5% of Regen [3]. - Following the acquisition, Aimeike has integrated Regen into its consolidated financial statements, leading to increased public disputes with *ST Suwu [3].

New Stock Issuance - Hongyuan Co., Ltd. (stock code: 920018) issued shares at a price of 9.17 on August 11, 2025[1] - China Shipbuilding Industry Corporation (stock code: 600150) has a cash acquisition request period from August 13 to August 15, 2025[1] - ST Kelly (stock code: 300326) has a tender offer period from July 17 to August 15, 2025[1] Rights and Announcements - China Heavy Industry (stock code: 601989) has a cash option declaration period starting August 13, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] - North Long Dragon (stock code: 301357) has an announcement link for further details[1] Market Volatility - Several stocks, including ST Xifa (stock code: 000752) and ST Aowei (stock code: 002231), are under observation for significant price fluctuations[1] - The report highlights abnormal fluctuations in stocks such as ST Songfa (stock code: 603268) and ST Yancheng (stock code: 603063)[2]

Core Viewpoint - The dispute centers around the exclusive distribution rights of the "AestheFill" product produced by Regen Biotech, Inc., which has significant implications for the financial performance of Jiangsu Wuzhong and its subsidiary, Datou Medical [3][5][8]. Group 1: Company Actions and Legal Proceedings - Datou Medical has initiated arbitration against Regen for breach of contract, seeking to confirm the validity of their exclusive agency agreement and claiming damages of 1.6 billion RMB if the arbitration is unsuccessful [1][7]. - The arbitration has been accepted by the Shenzhen International Arbitration Court, with the outcome uncertain due to potential counterclaims from Regen [1][7]. Group 2: Financial Implications - AestheFill is projected to contribute 330 million RMB to Jiangsu Wuzhong's revenue in 2024, accounting for 20.4% of total revenue, with a significant increase to 110 million RMB in Q1 2025, representing 35.55% of total revenue [5][6]. - The potential loss of distribution rights could lead to a drastic decline in revenue and the loss of several hundred million RMB in market development costs already invested by Jiangsu Wuzhong [7][8]. Group 3: Market Context and Competitive Dynamics - The market for aesthetic injectables, particularly the "童颜针" (youthful needle), has seen explosive growth, with the market size increasing from 100 million RMB in 2021 to over 3 billion RMB in 2024, reflecting a compound annual growth rate exceeding 200% [7][8]. - The acquisition of Regen by Aimei Ke for 190 million USD has altered the competitive landscape, allowing Aimei Ke to consolidate its supply chain and enhance its market position [5][6].

*ST苏吴表示，本次仲裁将按照《深圳国际仲裁院仲裁规则》进行，仲裁结果存在不确定性，同时不排 除仲裁被申请人提出仲裁反请求的可能性。目前，公司无法正常继续销售AestheFill。 北京商报讯（记者 丁宁）8月11日晚间，*ST苏吴（600200）发布公告称，公司控股孙公司达透医疗器 械（上海）有限公司（以下简称"达透医疗"）就Regen Biotech,Inc.违约事项向深圳国际仲裁院提起仲 裁，并于8月7日获得深圳国际仲裁院受理立案。达透医疗仲裁请求确认《独家代理协议》有效并继续履 行，若上述仲裁请求未得到支持，初步索赔损失16亿元（包括但不限于已经投入的相关市场开发成本损 失，因无法向终端客户供货而发生的违约损失，以及合同期内可得利益损失等），并保留根据案情进展 及其他相关因素对前述索赔金额进行调整的权利。 ...

智通财经APP讯，*ST苏吴(600200.SH)发布公告，公司控股孙公司达透医疗器械(上海)有限公司(简 称"达透医疗")就 Regen Biotech, Inc.违约事项向深圳国际仲裁院提起仲裁，并于2025年8月7日获得深圳 国际仲裁院受理立案。达透医疗仲裁请求确认《独家代理协议》有效并继续履行，若上述仲裁请求未得 到支持，初步索赔损失人民币16亿元(包括但不限于已经投入的相关市场开发成本损失，因无法向终端 客户供货而发生的违约损失，以及合同期内可得利益损失等)，并保留根据案情进展及其他相关因素对 前述索赔金额进行调整的权利。 本次仲裁将按照《深圳国际仲裁院仲裁规则》进行，仲裁结果存在不确定性，同时不排除仲裁被申请人 提出仲裁反请求的可能性。目前，公司无法正常继续销售 AestheFill，敬请广大投资者注意投资风险。 ...

本次仲裁将按照《深圳国际仲裁院仲裁规则》进行，仲裁结果存在不确定性，同时不排除仲裁被申请人 提出仲裁反请求的可能性。目前，公司无法正常继续销售 AestheFill，敬请广大投资者注意投资风险。 智通财经APP讯，*ST苏吴(600200.SH)发布公告，公司控股孙公司达透医疗器械(上海)有限公司(简 称"达透医疗")就 Regen Biotech, Inc.违约事项向深圳国际仲裁院提起仲裁，并于2025年8月7日获得深圳 国际仲裁院受理立案。达透医疗仲裁请求确认《独家代理协议》有效并继续履行，若上述仲裁请求未得 到支持，初步索赔损失人民币16亿元(包括但不限于已经投入的相关市场开发成本损失，因无法向终端 客户供货而发生的违约损失，以及合同期内可得利益损失等)，并保留根据案情进展及其他相关因素对 前述索赔金额进行调整的权利。 ...