| 证券代码：603108 | 证券简称：润达医疗 | 公告编号：临 2025-037 | | --- | --- | --- | | 转债代码：113588 | 转债简称：润达转债 | | 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放 | | --- | --- | --- | --- | --- | | | | | | 日 | | Ａ股 | 2025/7/17 | － | 2025/7/18 | 2025/7/18 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 上海润达医疗科技股份有限公司 2024年年度权益分派实施公告 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法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.03元（含税） 本次利润分配方案经公司2025 年 5 月 27 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司 ...

Core Viewpoint - RunDa Medical is facing significant financial challenges, with a notable decline in revenue and profit, indicating structural weaknesses in its business model and potential liquidity issues [1][2][5]. Financial Performance - In 2024, RunDa Medical reported revenue of 8.312 billion yuan, a year-on-year decrease of 9.13%, and a net profit attributable to shareholders of only 55.28 million yuan, down 79.77%, marking the largest decline in five years [1]. - The company has experienced revenue declines for two consecutive years, with a 12.84% drop in 2023 [2]. Profitability Issues - The company's gross profit margins across its three main business segments have all declined, with traditional supply chain, intensive business, and third-party laboratory margins at 25.83%, 17.18%, and 33.30%, respectively [2]. - The third-party laboratory segment's gross margin fell by 7.4 percentage points due to price controls from medical insurance [2]. Cost Structure and Cash Flow - Fixed costs have remained high despite declining revenues, with depreciation expenses alone accounting for 2.1% of revenue [2]. - The company reported a net loss of 40.88 million yuan in the third quarter, primarily due to margin pressure from centralized procurement policies and increased asset impairments [2]. Debt and Liquidity Concerns - RunDa Medical has a significant goodwill impairment risk, with 1.983 billion yuan in goodwill representing 45.54% of net assets [4]. - The company faces a short-term debt burden of 4.925 billion yuan, with only 1.207 billion yuan in cash available, of which 26.3% is restricted [4]. Strategic Challenges - The company's attempt to pivot towards AI healthcare has yielded minimal results, with digital revenue accounting for only 0.17% in 2024 [4]. - The reliance on fixed assets and goodwill for growth is unsustainable, and without a technological overhaul of its profit model, the company risks further financial deterioration [5].

Core Viewpoint - The company has experienced a significant decline in revenue and net profit due to various macroeconomic factors and policy changes in the healthcare sector, leading to increased pressure on its financial performance [1][2]. Financial Performance - In 2024, the company reported an operating revenue of 8.312 billion yuan, a decrease of 9.13% year-on-year [1]. - The net profit attributable to shareholders was 55.2806 million yuan, down 79.77% compared to the previous year [1]. - By the end of 2024, the company's accounts receivable balance was approximately 5.2 billion yuan, accounting for 36% of total assets [2]. Cost Structure - Despite a decline in revenue, the company’s sales, management, and financial expenses did not decrease proportionately, with reductions of 6.05% and 8.53% respectively, which were smaller than the revenue decline [2]. - The company faced increased pressure on cash flow due to extended accounts receivable collection periods and shorter accounts payable turnover days [2]. Market Challenges - The company has been affected by national policies and macroeconomic conditions, leading to a downward trend in revenue over the past two years [2]. - In Q1 2025, the company reported its first quarterly loss since listing, with revenues of 1.662 billion yuan and a net profit of -69.2587 million yuan, alongside a gross margin decline to 20.78% [2]. Strategic Initiatives - To counteract the decline in traditional business profits, the company aims to explore new growth areas by integrating artificial intelligence (AI) technology into medical applications [3]. - The company plans to collaborate with various stakeholders in the healthcare industry to develop and implement AI solutions across multiple healthcare scenarios, including diagnosis, patient management, and smart testing [3]. - The company has not disclosed specific R&D investment figures for its AI initiatives but emphasizes its strong capabilities in medical data governance and AI application development [3].

Group 1 - Tong Ren Tang's Executive Vice President Zhang Chunyou submitted a resignation letter, effective July 8, 2025, due to work adjustments, while remaining as General Manager of Tong Ren Tang Technology [1] - The company stated that Zhang Chunyou's departure will not adversely affect daily operations, indicating limited market impact from this internal personnel adjustment [1] Group 2 - Basestone Pharmaceuticals announced an exclusive strategic partnership with Istituto Gentili for the commercialization of Sugliant in Western Europe and the UK, granting Gentili exclusive rights in 23 countries [2] - Basestone will receive up to $192.5 million in payments, including upfront, registration, and sales milestone payments, along with nearly 50% revenue sharing from net sales in the authorized region [2] - This collaboration enhances Basestone's international market recognition and strengthens investor confidence in future growth [2] Group 3 - Fosun Pharma announced guarantees for its subsidiaries, providing a maximum joint liability guarantee for a financing application not exceeding 500 million yuan with Bank of China [3] - Additionally, a guarantee was provided for a financing contract not exceeding 150 million yuan with China Construction Bank for its subsidiary Hanlin Pharmaceutical [3] - This move supports subsidiaries in obtaining funds for business expansion or R&D, although it introduces certain financial risks [3] Group 4 - Run Da Medical responded to the Shanghai Stock Exchange's inquiry regarding its 2024 annual report, addressing issues related to operating performance, goodwill, short-term solvency, and prepayments [4] - The response aims to alleviate market concerns and stabilize investor confidence, although ongoing monitoring of the company's performance improvement measures is necessary [4] Group 5 - Yuan Da Pharmaceutical announced that its joint venture Sirtex Medical Pty Ltd received FDA approval for SIR-Spheres Yttrium-90 microspheres for treating unresectable hepatocellular carcinoma (HCC) [5] - This product is the first and only FDA-approved selective internal radiation therapy for both unresectable HCC and colorectal cancer liver metastases [5] - This breakthrough enhances Yuan Da's market position in oncology and boosts investor confidence in future growth [5]

Core Viewpoint - The financial performance of Shanghai RunDa Medical Technology Co., Ltd. in 2024 showed a significant decline in revenue and net profit compared to previous years, primarily due to fixed costs not decreasing in line with revenue drops and the impact of industry-wide pricing pressures [1][11]. Financial Performance - The company reported a revenue of 8.312 billion yuan in 2024, a year-on-year decrease of 9.13% [1][11]. - The net profit attributable to shareholders was 55.2806 million yuan, down 79.77% year-on-year, significantly higher than the industry average decline [1][11]. - The commercial segment generated 7.864 billion yuan in revenue, a decrease of 8.34%, with a gross margin of 23.27%, down 1.27 percentage points [1][6]. - The industrial segment reported 442 million yuan in revenue, down 21.18%, but with a gross margin of 62.12%, up 5.22 percentage points [1][8]. Cost Structure - The company’s operating costs, including service costs, depreciation, and other fixed expenses, did not decrease proportionately with the revenue decline, leading to pressure on profit margins [11][12]. - Sales expenses decreased by 8.01% to 840.78 million yuan, while management expenses decreased by 5.67% to 479.94 million yuan [11][12]. - Financial expenses remained relatively stable, with a slight decrease of 1.03% to 313.44 million yuan [11][12]. Segment Analysis - The commercial segment includes traditional supply chain services, centralized/regional testing center services, and third-party laboratory services, with varying gross margins [4][6]. - The gross margin for traditional supply chain services was 25.83%, down from 26.41% in 2023, while the third-party laboratory services saw a significant drop from 40.70% to 33.30% [6][8]. - The industrial segment's gross margin increased due to the exclusion of lower-margin quality control products from the consolidated financials [8][12]. Industry Comparison - The company’s gross margins in the commercial segment are competitive with industry peers, with no significant differences noted [6][8]. - The overall trend in the industry shows a decline in revenue and profit margins due to macroeconomic factors and healthcare cost control policies [14][15]. Future Outlook - The company is expected to continue facing challenges from pricing pressures and the need to manage fixed costs effectively to improve profitability [11][12]. - There is a focus on enhancing operational efficiency and exploring new revenue streams to mitigate the impact of declining margins [12][15].

| 证券代码：603108 | 证券简称：润达医疗 | 公告编号：临 2025-035 | | --- | --- | --- | | 转债代码：113588 | 转债简称：润达转债 | | 上海润达医疗科技股份有限公司 关于 2024 年度报告的事后审核问询函的回复公告 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法律责任。 上海润达医疗科技股份有限公司（以下简称"公司"或"润达医疗"）于近 期收到上海证券交易所《关于对上海润达医疗科技股份有限公司2024年度报告的 事后审核问询函》（上证公函【2025】0796号）（以下简称《问询函》）。收到《问 询函》后，公司就相关问题进行了逐项落实，并完成了《问询函》之回复，具体 如下： （如无特别说明，本公告所述的词语或简称与年报中所定义的词语或简称 具有相同的涵义。除特别说明外，若出现各分项数值之和与总数尾数不符的情 况，均为四舍五入原因造成。） 一、关于经营业绩。年报显示，报告期内公司实现营业收入 83.12 亿元，同比 下降 9.13%；归母净利润 5,528.06 万元，同比下降 7 ...

众华会计师事务所（特殊普通合伙） 对《关于对上海润达医疗科技股份有限公司 2024 年度报告的 事后审核问询函》中相关问题的专项说明 众华会计师事务所（特殊普通合伙） 对《关于对上海润达医疗科技股份有限公司 2024 年度报告的事 后审核问询函》中相关问题的专项说明 众会字（2025）第 09689 号 上海证券交易所： 众华会计师事务所（特殊普通合伙）（以下简称"我们"）接受委托对上海 润达医疗科技股份有限公司（以下简称"公司"）2024 年财务报表，包括 2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并及公司利润表、合并 及公司现金流量表、合并及公司股东权益变动表以及相关财务报表附注进行审 计，并于 2025 年 4 月 24 日出具了众会字(2025)第 04148 号的无保留意见审计报 告。 我们于近日收到了公司转来的贵所出具的《关于对上海润达医疗科技股份 有限公司 2024 年度报告的事后审核问询函》（上证公函【2025】0796 号）（以下 简称《问询函》）。我们根据问询函的要求对问询函中与财务会计相关的问题进 行了核查，回复如下： 一、关于经营业绩。年报显示，报告期内 ...

Group 1 - The company announced a cash dividend distribution plan for the year 2024, proposing a distribution of 0.30 yuan (including tax) for every 10 shares held by shareholders, based on the total share capital registered on the equity distribution record date [1][2] - The plan was approved at the company's annual general meeting held on May 27, 2025, and will be implemented following the equity distribution record date [1][2] - The convertible bond "Runda Convertible Bond" will suspend conversion from July 10, 2025, until the equity distribution is completed, with resumption of conversion on the first trading day after the record date [1][2] Group 2 - The company will adjust the conversion price of the "Runda Convertible Bond" in accordance with the terms outlined in the bond issuance prospectus after the equity distribution is implemented [2] - Shareholders and convertible bondholders are advised to refer to the announcements published on the Shanghai Stock Exchange website and relevant financial newspapers for further details [2]

| 证券代码：603108 | 证券简称：润达医疗 | 公告编号：临 2025-034 | | --- | --- | --- | | 转债代码：113588 | 转债简称：润达转债 | | 上海润达医疗科技股份有限公司 关于实施 2024 年度权益分派时转股连续停牌的提示性公告 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法律责任。 重要内容提示： 证券停复牌情况：适用 因实施 2024 年度权益分派,本公司的相关证券停复牌情况如下： 本次权益分派方案实施后，公司将根据《上海润达医疗科技股份有限公司公 开发行可转换公司债募集说明书》的发行条款及相关规定，对"润达转债"当期 转股价格进行调整。 二、本次权益分派方案实施时转股连续停牌的安排 1、公司将于2025年7月11日在《中国证券报》、《上海证券报》、《证券日 报》、《证券时报》及上海证券交易所网站（www.sse.com.cn）上发布权益分派 实施公告和可转债转股价格调整公告。 2、自 2025 年 7 月 10 日至权益分派股权登记日期间，"润达转债"将停止转 股，股权登记日后 ...

| | | 上海润达医疗科技股份有限公司 可转债转股结果暨股份变动公告 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法律责任。 重要内容提示： 公司本次发行的"润达转债"的转股期为 2020 年 12 月 23 日至 2026 年 6 月 16 日。 在 2025 年 4 月 1 日至 2025 年 6 月 30 日期间，共有人民币 180,000 元的"润 达转债"已转换成公司股份，转股数量为 13,839 股。截至 2025 年 6 月 30 日， 累计人民币 315,655,000 元的"润达转债"转换成公司股份，占可转债发行总量 57.3918%，累计转股数量为 24,130,185 股，占可转债转股前公司已发行股份总额 的 4.1637%。 截至 2025 年 6 月 30 日，尚未转股的"润达转债"金额为人民币 234,345,000 元，占可转债发行总量的 42.6082%。 三、股本变动情况 单位：股 一、可转债发行上市概况 （一）经中国证券监督管理委员会证监许可[2020]586 号文核准，上海润达 医疗科技股份有限 ...