关于参加 2025 年天津辖区上市公司 投资者网上集体接待日活动的公告 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。 证券代码：600488 证券简称：津药药业 编号：2025-055 津药药业股份有限公司 2025 年 8 月 27 日 1 / 1 特此公告。 津药药业股份有限公司董事会 为进一步加强与投资者的互动交流，津药药业股份有限公司（以 下简称"公司"）将参加由天津证监局指导、天津上市公司协会与深 圳市全景网络有限公司联合举办的"2025 年天津辖区上市公司投资 者网上集体接待日活动"，现将有关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net）；或关注微信公众号（名称：全景财经）； 或下载全景路演 APP，参与本次互动交流。活动时间为 2025 年 9 月 11 日（周四）15:00-17:00。 届时公司董事长徐华先生、总经理李书箱先生、独立董事边泓先 生、独立董事陈喆女士、首席财务官朱立延先生、董事会秘书刘博先 生将在线就公司 2025 ...

证券代码：600488 证券简称：津药药业 编号：2025-054 津药药业股份有限公司 关于子公司获得药品注册证书的公告 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。 近日，津药药业股份有限公司（以下简称"公司"）子公司津药和平（天津）制 药有限公司（以下简称"津药和平"）收到国家药品监督管理局核准签发的二氟泼尼 酯滴眼液（以下简称 "该药品"或"本品"）的《药品注册证书》。现将相关情况公告 如下： 1 / 2 药品名称 二氟泼尼酯滴眼液 剂型 眼用制剂 注册分类 化学药品 3 类 药品注册标准编号 YBH19822025 规格 0.05%（5ml:2.5mg） 受理号 CYHS2101727 国 证书编号 2025S02532 药品批准文号 国药准字 H20255163 申请事项 药品注册（境内生产） 上市许可持有人 名称：津药和平（天津）制药有限公司 地址：天津开发区黄海路 221 号 生产企业 名称：津药和平（天津）制药有限公司 地址：天津开发区黄海路 221 号 审批结论 根据《中华人民共和国药品管理法》及有 ...

Core Viewpoint - Tianjin Pharmaceutical Industry announced that its subsidiary, Tianjin Yaohe Pharmaceutical Co., Ltd., has received the drug registration certificate for Difluprednate Eye Drops from the National Medical Products Administration, marking it as the first generic version in China [1] Group 1: Product Development - The drug is primarily used for treating inflammation and pain related to eye surgeries [1] - The total research and development investment for this project has reached approximately 53.27 million yuan [1] Group 2: Market Potential - The projected global sales for Difluprednate Eye Drops are estimated to be 33 million USD in 2023 and 24 million USD in 2024 [1]

Core Viewpoint - Tianjin Pharmaceutical Industry (津药药业) reported significant pressure on its operating performance in the first half of 2025, with a net profit attributable to shareholders dropping by 65.28% year-on-year to 49.30 million yuan, primarily due to revenue contraction and a substantial antitrust fine [1][2]. Financial Performance - The company achieved operating revenue of 1.588 billion yuan, a decrease of 11.81% from 1.801 billion yuan in the same period last year, indicating challenges in market demand and sales capabilities [2]. - Total profit for the period was 100 million yuan, down 48.45% year-on-year, while the net profit attributable to shareholders was only 49.30 million yuan, a decline of 65.28% compared to 142 million yuan last year, highlighting a significant deterioration in profitability [2]. - Basic and diluted earnings per share were both 0.045 yuan, a decrease of 65.38% from 0.130 yuan in the previous year, which directly weakened shareholder returns [2]. Antitrust Fine Impact - On April 30, 2025, the Tianjin Market Supervision Administration issued an administrative penalty against the company for monopolistic behavior related to dexamethasone phosphate raw materials, resulting in a fine of 69.19 million yuan, which significantly impacted net profit [3]. - This fine was recorded as an extraordinary expense, revealing major deficiencies in the company's antitrust compliance and internal control systems, posing future compliance risks [3]. Operational Challenges - In response to performance pressures, the company has made adjustments in its sales strategy, transferring non-U.S. raw material business to Tianjin Pharmaceutical (Singapore) Co., Ltd. to leverage geographical and foreign exchange advantages, although market development and channel integration will take time [3]. - Cost-saving measures, such as collective procurement of packaging materials, have been implemented to achieve nearly 40 million yuan in cost reductions, but the impact on profit is limited due to revenue contraction [3]. Potential Risks - The company faces multiple potential risks, including fluctuations in raw material and energy prices, supply chain disruptions, and increased environmental compliance costs due to stricter VOCs regulations [4]. - Safety risks associated with hazardous chemicals used in production, as well as exchange rate fluctuations affecting export profits, particularly since over 60% of steroid hormone raw materials are exported, further complicate the operational landscape [4].

Core Insights - The company reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 1.588 billion yuan, down 11.81% year-on-year, and net profit plummeting 65.28% to 49.3 million yuan [1] Financial Performance - Revenue for the first half of 2025 was 1.588 billion yuan, reflecting an 11.81% decrease compared to the previous year [1] - Net profit fell sharply by 65.28%, amounting to 49.3 million yuan [1] - Operating cash flow decreased from 316 million yuan in the same period last year to 2 million yuan, a decline of 93.6% [1] - Accounts receivable surged by 92.6% to 561 million yuan, representing 27% of current assets, indicating worsened sales collection efficiency [1] Factors Affecting Performance - The decline in revenue and profit was primarily due to intensified competition in the international market and the impact of drug price negotiations, leading to reduced sales and profit margins for core products [1] - Key product categories, including steroid hormones and amino acids, experienced revenue declines, with amino acid product revenue down by 9.01% and other categories down by 22.09%, including a 22.01% drop in formulation revenue [1] - The company faced a significant financial penalty due to antitrust issues, resulting in a total fine and confiscation of illegal gains amounting to 69.1924 million yuan, which was recorded as an extraordinary expense, causing a 31,905.46% year-on-year increase in such expenses [1] Research and Development - In line with cost-cutting strategies, the company's R&D expenses decreased by 24.65% to 63.17 million yuan [2] - Despite the reduction in R&D spending, the company successfully obtained approval for three new drugs, including a treatment for respiratory diseases [2]

Core Viewpoint - Tianyao Pharmaceutical reported the most significant decline in net profit in 20 years for the first half of 2025, with a 65.28% year-on-year decrease in net profit and an 11.81% drop in revenue, returning to 2019 levels [1][2]. Financial Performance - The company achieved approximately 1.588 billion yuan in revenue, a decrease of 11.81% year-on-year, with a net profit attributable to shareholders of 49.3042 million yuan, down 65.28% [1]. - The net cash flow from operating activities was 20.2006 million yuan, a significant decline of 93.60% year-on-year [1][5]. - The overall gross margin decreased by 4.62 percentage points, with the gross margin for formulation products dropping by over 14 percentage points [2][3]. Product and Market Analysis - Steroid hormone raw materials accounted for over 60% of the company's exports to more than 70 countries and regions [1]. - In the first half of the year, steroid hormone raw materials contributed significantly to the company's revenue, with approximately 60% from steroid hormones and 30% from amino acid raw materials [1]. - The company faced a 20% tariff on raw materials and formulation products exported to the U.S., but the impact was deemed manageable due to the small proportion of revenue from U.S. sales [4]. Regulatory and Compliance Issues - Tianyao Pharmaceutical has faced multiple penalties for monopolistic practices, with fines exceeding 69 million yuan in the first half of the year, surpassing the net profit for the same period [1][6]. - The company has been involved in several antitrust cases, including a significant penalty of over 44 million yuan in 2021 for monopolistic behavior related to a specific raw material [7][9]. - Following recent penalties, the company has committed to implementing corrective measures and increasing R&D investment, which currently accounts for less than 4% of revenue [9].

Group 1 - Company Kexing Pharmaceutical is planning to issue H-shares and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries, but specific details are yet to be determined [1] - In the first half of 2025, Kexing Pharmaceutical reported revenue of 700 million yuan, a year-on-year decrease of nearly 8%, while net profit attributable to shareholders increased by 576% to 80.34 million yuan [1] Group 2 - Company Junshi Biosciences has completed the administration of the first patient in the U.S. for the international multi-center Phase II clinical study of HLX43, a PD-L1 antibody-drug conjugate for advanced non-small cell lung cancer [2] - The clinical study is also being conducted in China, with plans to expand to Australia and Japan when conditions permit [2] Group 3 - Company Sanofi Biologics announced that shareholders plan to reduce their holdings by a total of up to 3.43%, with specific reductions from various executives and shareholders scheduled between September 15 and December 14, 2025 [3] - This potential reduction may cause short-term fluctuations in the stock price, while the long-term value will depend on the company's core business developments [3] Group 4 - Company Changshan Pharmaceutical reported a net loss of approximately 29.09 million yuan for the first half of 2025, with revenue of about 492 million yuan, a year-on-year decrease of 13.42% [4] - The company needs to focus on business restructuring and improving product competitiveness to enhance performance and profitability [4] Group 5 - Company Tianyao Pharmaceutical reported a revenue of approximately 1.588 billion yuan for the first half of 2025, a year-on-year decrease of 11.81%, with a net profit of about 49.3 million yuan, down 65.28% [5] - The decline in revenue and net profit is attributed to price reductions from centralized procurement and market competition affecting raw materials, alongside a fine exceeding 69 million yuan due to monopoly issues [5]

据证券之星公开数据整理，近期津药药业（600488）发布2025年中报。根据财报显示，津药药业净利润 同比下降65.28%。截至本报告期末，公司营业总收入15.88亿元，同比下降11.81%，归母净利润4930.42 万元，同比下降65.28%。按单季度数据看，第二季度营业总收入8.03亿元，同比下降14.36%，第二季度 归母净利润-874.59万元，同比下降110.41%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率41.71%，同比减9.73%，净利率5.31%， 同比减46.07%，销售费用、管理费用、财务费用总计3.88亿元，三费占营收比24.41%，同比减11.29%， 每股净资产2.75元，同比增0.18%，每股经营性现金流0.02元，同比减93.59%，每股收益0.04元，同比减 65.38% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 18.01亿 | 15.88 Z | -11.81% | | 归母净利润（元） | 1.42 乙 | 4930.42万 | -65.28% | | ...

公司的风险持续评估报告》 十次会议于 2025 年 8 月 22 日以通讯表决的方式召开。本次会议的通 知已于 2025 年 8 月 11 日以电子邮件的方式送达公司各位董事和高管 人员。会议应参加表决董事 9 人，实际表决董事 9 人。会议符合《公 司法》和《公司章程》的有关规定，决议如下： 具体内容详见上海证券交易所网站（www.sse.com.cn）同日披露 的公告。此议案已经公司董事会审计与风险控制委员会审议通过。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 公司依据实际情况计提减值准备，符合《企业会计准则》和公司 财务管理制度的相关规定，公允地反映了公司的资产状况，同意公司 本次计提减值准备方案。此议案已经公司董事会审计与风险控制委员 会审议通过。具体内容详见上海证券交易所网站（www.sse.com.cn） 同日披露的公告。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 证券代码：600488 证券简称：津药药业 编号：2025-052 津药药业股份有限公司 第九届董事会第二十次会议决议公告 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 ...

格隆汇8月22日丨津药药业(600488.SH)公布2025年半年度报告，报告期内公司实现营业收入15.88亿元， 同比下降11.81%；归属于上市公司股东的净利润4930.42万元，同比下降65.28%；归属于上市公司股东 的扣除非经常性损益的净利润1.17亿元，同比下降16.47%；基本每股收益0.045元。 ...