Company Announcements - Northern Rare Earth received a warning letter from the Inner Mongolia Securities Regulatory Bureau due to undisclosed non-operating fund occupation by related parties, amounting to 8.9485 million yuan, which has been fully repaid [2] - Aosheng Electronics reported that revenue from controllable nuclear fusion-related products will account for less than 1% of its main business revenue in the first half of 2025 [2] - Yiyi Co. is planning to acquire a pet food company, leading to a stock suspension [3] - Sanmei Co. expects a net profit increase of 172%-193% year-on-year for the first three quarters, driven by a significant rise in the average price of fluorinated refrigerants [4] - Feirongda anticipates a net profit increase of 111%-130% year-on-year for the first three quarters, with growth in AI server cooling-related business revenue [4] - Zhongshi Technology expects a net profit increase of 74%-104% year-on-year for the first three quarters, benefiting from increased shipments of thermal materials and components [4] - Juxin Technology forecasts a net profit increase of 113% year-on-year for the first three quarters, with sales revenue from edge AI processor chips increasing significantly [4] - Chuangjiang New Materials expects a staggering net profit increase of 2058%-2243% year-on-year for the first three quarters [4] - New China Life Insurance anticipates a net profit increase of 45%-65% year-on-year for the first three quarters [4] Investment & Contracts - Fostda plans to invest 1 billion yuan in the construction of an intelligent manufacturing project for marine engineering and equipment [11] Shareholding Changes - Dongxin Co. has set an initial transfer price of 82.5 yuan per share for its inquiry transfer, which is a 16% discount from the closing price [11] - China Jushi has obtained a commitment letter for a stock repurchase loan of up to 630 million yuan [12] - Tianji Co. has reduced its holdings by 2.9996% of the company's shares and has terminated its reduction plan early [3] Performance & Operations - Yingweike reported a net profit of 183 million yuan for the third quarter, an increase of 8.35% year-on-year [13] - Chenguang Biological expects a net profit increase of 344%-402% year-on-year for the first three quarters [14] - Meili Ecology's subsidiary won a bid for a 2.375 billion yuan urban renewal project in Shenzhen [18] Stock Price Movements - Hezhu Intelligent has not generated any revenue related to nuclear fusion concepts [19] - Jinli Yongci confirmed that its recent stock price fluctuations are not due to undisclosed significant matters [20] Other Developments - Heng Rui Medicine's subsidiary received approval for clinical trials of SHR-1905 injection [24] - Renfu Medicine received a drug registration certificate for Dapoxetine Hydrochloride Tablets, which are expected to generate approximately 1.1 billion yuan in sales in 2024 [26]

注射用SHR-1802为公司自主研发的人源化单克隆抗体，可激活和促进抗肿瘤T细胞应答，发挥抗肿瘤作 用。经查询，目前国内暂无同类产品获批上市。截至目前，注射用SHR-1802相关项目累计研发投入约 6,209万元。 阿得贝利单抗注射液是公司自主研发的人源化抗PD-L1单克隆抗体，能通过特异性结合PD-L1分子从而 阻断导致肿瘤免疫耐受的PD-1/PD-L1通路，重新激活免疫系统的抗肿瘤活性，从而达到治疗肿瘤的目 的。公司阿得贝利单抗注射液已于2023年2月获批上市，获批的适应症为与卡铂和依托泊苷联合用于广 泛期小细胞肺癌患者的一线治疗。国外有同类产品Atezolizumab(商品名： Tecentriq)、Avelumab(商品 名：Bavencio)和 Durvalumab(商品名：Imfinzi) 于美国获批上市销售，其中Atezolizumab和Durvalumab已 在中国获批上市。国内有康宁杰瑞/思路迪药业的恩沃利单抗、基石药业的舒格利单抗和正大天晴药业 的贝莫苏拜单抗等同类产品获批上市。经查询，2024年Atezolizumab、 Avelumab 和 Durvalumab 全球销 售额合计约为9 ...

智通财经APP讯，恒瑞医药(600276.SH)发布公告，近日，公司子公司苏州盛迪亚生物医药有限公司、 上海恒瑞医药有限公司、上海盛迪医药有限公司收到国家药品监督管理局(以下简称"国家药监局")核准 签发关于注射用SHR-A2102、阿得贝利单抗注射液、注射用SHR-1802的《药物临床试验批准通知 书》，将于近期开展临床试验。 注射用SHR-A2102为公司自主研发且具有知识产权的靶向Nectin-4的抗体药物偶联物(ADC)，其有效载 荷是拓扑异构酶Ⅰ抑制剂(TOP1i)。多种研究表明Nectin-4 在肿瘤中的高表达与肿瘤的发展和不良预后 密切相关。目前全球共 有1款同类产品获批上市，为Enfortumab vedotin(商品名：Padcev)，经查询 EvaluatePharma数据库，2024年该产品全球销售额约为19.49亿美元。截至目前，注射用SHR-A2102相关 项目累计研发投入约22,484万元。 注射用SHR-1802为公司自主研发的人源化单克隆抗体，可激活和促进抗肿瘤T细胞应答，发挥抗肿瘤作 用。经查询，目前国内暂无同类产品获批上市。截至目前，注射用SHR-1802相关项目累计研发投 ...

Core Viewpoint - Heng Rui Medicine (600276.SH) has received approval from the National Medical Products Administration for clinical trials of SHR-1905 injection, a monoclonal antibody targeting TSLP, aimed at improving inflammatory conditions and controlling disease progression [1] Group 1: Product Development - SHR-1905 injection is designed to block the release of inflammatory cytokines and inhibit downstream inflammatory signaling [1] - The company has invested approximately 20.962 million yuan in the research and development of SHR-1905 injection to date [1] Group 2: Market Context - Tezepelumab, a similar product developed by AstraZeneca/Amgen, has been approved and is projected to generate global sales of approximately 1.22 billion USD in 2024 [1]

SHR-1905注射液是胸腺基质淋巴细胞生成素(TSLP)单克隆抗体，可以阻断炎症细胞因子的释放，抑制 下游炎症信号的传导，最终改善炎症状态并控制疾病进展。目前,全球有同类产品Tezepelumab(阿斯利 康/安进，商品名Tezspire)获批上市，经查询EvaluatePharma数据库，2024年Tezspire全球销售额约为12.2 亿美元。截至目前，SHR-1905注射液相关项目累计研发投入约20,962万元。 智通财经APP讯，恒瑞医药(600276.SH)发布公告，近日，公司子公司广东恒瑞医药有限公司收到国家 药品监督管理局(以下简称"国家药监局")核准签发关于SHR-1905注射液的《药物临床试验批准通知 书》，将于近期开展临床试验。 ...

恒瑞医药10月13日公告，近日，公司子公司苏州盛迪亚生物医药有限公司、上海恒瑞医药有限公司收到 国家药监局核准签发的关于注射用SHR-A2102的《药物临床试验批准通知书》，将于近期开展临床试 验。注射用SHR-A2102为公司自主研发且具有知识产权的靶向Nectin-4的抗体药物偶联物（ADC），其 有效载荷是拓扑异构酶Ⅰ抑制剂（TOP1i）。多种研究表明Nectin-4在肿瘤中的高表达与肿瘤的发展和 不良预后密切相关。 ...

恒瑞医药(01276)发布公告，近日，江苏恒瑞医药股份有限公司子公司苏州盛迪亚生物医药有限公司、 上海恒瑞医药有限公司收到国家药品监督管理局核准签发关于注射用SHR-A2102的《药物临床试验批准 通知书》，将于近期开展临床试验。 注射用SHR-A2102为公司自主研发且具有知识产权的靶向Nectin-4的抗体药物偶联物(ADC)，其有效载 荷是拓扑异构酶Ⅰ抑制剂(TOP1i)。多种研究表明Nectin-4在肿瘤中的高表达与肿瘤的发展和不良预后密 切相关。目前全球共有1款同类产品获批上市，为Enfortumab vedotin(商品名：Padcev)，经查询 EvaluatePharma数据库，2024年该产品全球销售额约为19.49亿美元。截至目前，注射用SHR-A2102相关 项目累计研发投入约2.25亿元。 ...

Core Insights - Jiangsu Hengrui Medicine Co., Ltd. has been recognized as a respected enterprise for the 2024-2025 period by Economic Observer, highlighting its excellent performance in quality operations, innovation breakthroughs, and social contributions [1] Financial Performance - The company has achieved positive growth in total assets for three consecutive years, according to the comprehensive value assessment system for listed companies by Economic Observer [1]

智通财经APP讯，恒瑞医药(01276)发布公告，近日，该公司子公司苏州盛迪亚生物医药有限公司、上海 恒瑞医药有限公司、上海盛迪医药有限公司收到国家药品监督管理局(以下简称"国家药监局")核准签发 关于注射用SHR-A2102、阿得贝利单抗注射液、注射用SHR-1802的《药物临床试验批准通知书》，将 于近期开展临床试验。 注射用SHR-A2102 为公司自主研发且具有知识产权的靶向Nectin-4的抗体药物偶联物(ADC)，其有效载 荷是拓扑异构酶Ⅰ抑制剂(TOP1i)。多种研究表明Nectin-4 在肿瘤中的高表达与肿瘤的发展和不良预后 密切相关。目前全球共有1款同类产品获批上市，为Enfortumab vedotin(商品名：Padcev)，经查询 EvaluatePharma 数据库，2024 年该产品全球销售额约为19.49亿美元。截至目前，注射用SHR-A2102相 关项目累计研发投入约2.25亿元。 注射用SHR-1802 为公司自主研发的人源化单克隆抗体，可激活和促进抗肿瘤T细胞应答，发挥抗肿瘤 作用。经查询，目前国内暂无同类产品获批上市。截至目前，注射用SHR-1802相关项目累计研发投入 ...

格隆汇10月13日丨恒瑞医药(01276.HK)公布，近日，江苏恒瑞医药股份有限公司(以下简称"公司")子公 司广东恒瑞医药有限公司收到国家药品监督管理局(以下简称"国家药监局")核准签发关于SHR-1905 注 射液的《药物临床试验批准通知书》，将于近期开展临床试验。 根据《中华人民共和国药品管理法》及有关规定，经审查，2025年 7 月 17 日受理的 SHR-1905 注射液 临床试验申请符合药品注册的有关要求，同意本品开展特应性皮炎的临床试验。 SHR-1905 注射液是胸腺基质淋巴细胞生成素(TSLP)单克隆抗体，可以阻断炎症细胞因子的释放，抑制 下游炎症信号的传导，最终改善炎症状态并控制疾病进展。目前,全球有同类产品 Tezepelumab(阿斯利 康/安进，商品名 Tezspire)获批上市，经查询 EvaluatePharma 数据库，2024 年 Tezspire 全球销售额约为 12.2 亿美元。截至目前，SHR-1905 注射液相关项目累计研发投入约 20,962 万元。 ...