2020 年第三季度报告 公司代码：603567 公司简称：珍宝岛 黑龙江珍宝岛药业股份有限公司 2020 年第三季度报告正文 1 / 7 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人方同华、主管会计工作负责人王磊及会计机构负责人（会计主管人员）王磊保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|------------------------------------|-------------------------------| | | 本报告期末 | 上年度末 | ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,363,061,918.71, a decrease of 7.22% compared to CNY 1,469,125,067.27 in the same period last year[21] - The net profit attributable to shareholders of the listed company was CNY 184,458,216.10, down 22.13% from CNY 236,868,016.88 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 167,982,588.25, a decrease of 16.04% compared to CNY 200,063,291.13 in the same period last year[21] - The net cash flow from operating activities was CNY 76,661,730.92, down 18.87% from CNY 94,494,116.45 in the previous year[21] - Basic earnings per share for the first half of 2020 were CNY 0.2172, down 22.12% from CNY 0.2789 in the same period last year[21] - The weighted average return on net assets was 3.52%, a decrease of 1.13 percentage points compared to 4.65% in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,376,164,825.55, an increase of 3.96% compared to CNY 9,018,622,068.93 at the end of the previous year[21] - The net assets attributable to shareholders of the listed company were CNY 5,242,624,408.31, showing a slight increase of 0.01% from CNY 5,242,261,568.04 at the end of the previous year[21] - Total liabilities amounted to approximately ¥4.12 billion, an increase of 9.4% from ¥3.77 billion[173] - Short-term borrowings decreased significantly to ¥700 million from ¥1.33 billion, a reduction of 47.3%[173] - The company's total equity increased to approximately ¥5.25 billion, up from ¥5.25 billion in the previous period[175] Research and Development - The company has a research and development team of nearly 200 people and has established several research institutes, focusing on innovative drug development and collaboration with renowned universities[49] - The company has received approval for 2 new drug clinical trial applications, with one product set to begin Phase I clinical trials within the year[52] - The company has made significant progress in R&D, with key projects such as FGFR entering clinical phase I and the innovative drug ZBD0276 receiving clinical trial approval[68] - Research and development expenses decreased by 24.99% to ¥35,143,623.31 from ¥46,854,093.58 year-on-year[74] Business Strategy and Operations - The company is exploring an "Internet + Traditional Chinese Medicine" innovative trading model, investing in the construction of a trading center in Bozhou[31] - The company has established a market-oriented investment management system to actively cultivate new profit growth points[31] - The company employs a "sales-driven production" model to optimize production planning based on sales forecasts and inventory levels[36] - The company focuses on dual-line development of injection and oral preparations to enhance sales capabilities across various medical institutions[37] - The company has established multiple sales stations and a self-operated sales team to target national pharmaceutical companies and specialized markets for traditional Chinese medicine[39] Social Responsibility and Community Engagement - The company has actively participated in social responsibility initiatives, donating antiviral drugs during the COVID-19 pandemic to enhance brand recognition[62] - The company donated over 200,000 RMB worth of antiviral medicines and protective supplies to hospitals across various regions during the COVID-19 pandemic[133] - A total of 30,000 doses of "Qingfei Paidu Decoction" were donated to hospitals in Wuhan to support COVID-19 treatment efforts[132] - The company invested 10.54 million RMB in two agricultural poverty alleviation projects, helping one registered impoverished household escape poverty[131] Environmental Management - The company has implemented strict environmental protection measures, ensuring that wastewater and emissions meet regulatory standards[140] - The wastewater treatment system at Jixi branch has a design capacity of 1000 tons per day, utilizing IC anaerobic tower activated sludge + A/O process[143] - The company has established a specialized environmental management organization and appointed dedicated environmental protection personnel[152] - The wastewater discharged from the company meets the Class III standard of the Comprehensive Wastewater Discharge Standard (GB8978-1996)[154] Corporate Governance - The total number of common shareholders at the end of the reporting period was 25,350[159] - The largest shareholder, Hulin Chuangda Investment Co., Ltd., held 579,885,300 shares, representing 68.29% of total shares[161] - There were no changes in the total number of shares or the share capital structure during the reporting period[159] - The company has not disclosed any significant related party transactions during the reporting period[118]

Financial Performance - Net profit attributable to shareholders decreased by 25.04% to CNY 126,593,226.14 year-on-year[11] - Operating income fell by 21.20% to CNY 621,890,944.88 compared to the same period last year[11] - Basic earnings per share decreased by 25.04% to CNY 0.1491 compared to the same period last year[11] - The total profit for Q1 2020 was $165.58 million, down 19.5% from $205.66 million in Q1 2019[44] - Net profit for Q1 2020 was $127.12 million, a decline of 25.5% from $170.73 million in Q1 2019[46] - The total comprehensive income for the first quarter of 2020 was CNY 23,136,232.17, compared to CNY 62,896,569.80 in the first quarter of 2019, indicating a significant decrease[52] Assets and Liabilities - Total assets increased by 10.30% to CNY 9,947,889,963.97 compared to the end of the previous year[11] - Total liabilities increased to ¥4,570,402,470.70, up from ¥3,768,481,749.42, representing a growth of approximately 21.2% year-over-year[33] - Total equity reached ¥5,377,487,493.27, compared to ¥5,250,140,319.51, indicating an increase of about 2.4% year-over-year[33] - The company reported a total of 5,765,659,821.28 RMB in current assets, which includes cash and cash equivalents, accounts receivable, and inventory[60] - The company holds non-current assets totaling 3,252,962,247.65 RMB, which includes fixed assets and intangible assets[60] Cash Flow - Net cash flow from operating activities improved significantly to CNY 82,680,226.72, a year-on-year increase of 1,221.58%[11] - Cash inflow from operating activities reached CNY 1,017,916,591.93, up from CNY 543,383,364.77 in the same period last year, reflecting a growth of approximately 87.5%[55] - The net cash flow from operating activities was CNY 82,680,226.72, a turnaround from a negative cash flow of CNY 7,371,786.35 in the first quarter of 2019[55] - Cash inflow from financing activities was CNY 1,501,153,565.31, significantly higher than CNY 100,043,292.08 in the same quarter last year[55] - The net cash flow from financing activities was CNY 848,903,220.23, a positive shift from a negative cash flow of CNY -25,153,103.84 in the first quarter of 2019[55] Shareholder Information - The total number of shareholders reached 25,406 by the end of the reporting period[16] - The largest shareholder, Hulin Chuangda Investment Co., Ltd., holds 68.29% of the shares, with 397,900,000 shares pledged[16] Revenue and Expenses - Total operating revenue for Q1 2020 was $621.89 million, a decrease of 21.2% compared to $789.38 million in Q1 2019[44] - Total operating costs for Q1 2020 were $469.54 million, down 21.0% from $594.07 million in Q1 2019[44] - Research and development expenses for Q1 2020 were $7.88 million, slightly down from $8.27 million in Q1 2019[44] - Sales expenses decreased significantly to $136.83 million in Q1 2020, down 47.4% from $259.62 million in Q1 2019[44] - Management expenses increased to $85.97 million in Q1 2020, up from $77.14 million in Q1 2019[44] Investments - Long-term equity investments surged by 26,406.81% to ¥471,242,107.67 from ¥1,777,814.94 as a result of investments in associated companies[19] - Investment cash flow net amount decreased by 628.49% to -¥483,996,980.14 from -¥66,438,794.97 primarily due to increased investments in associated companies[22] Other Financial Metrics - The weighted average return on net assets decreased by 0.96 percentage points to 2.38%[11] - Government subsidies recognized in the current period amounted to CNY 14,849,394.84[13] - The company reported a non-operating income of CNY 12,261,188.17 after tax adjustments[15] - Deferred income increased to ¥143,423,683.10 from ¥135,338,501.54, showing a growth of about 6.0% year-over-year[39]

Financial Performance - The company reported a retained earnings balance of RMB 2,088,230,690.02 to be carried forward to the next fiscal year[6]. - The company's operating revenue for 2019 was approximately RMB 3.29 billion, an increase of 18.37% compared to RMB 2.78 billion in 2018[22]. - The net profit attributable to shareholders for 2019 was approximately RMB 408.65 million, a decrease of 11.63% from RMB 462.44 million in 2018[22]. - The net cash flow from operating activities decreased by 39.87% to approximately RMB 220.92 million in 2019, down from RMB 367.40 million in 2018[22]. - The total assets at the end of 2019 were approximately RMB 9.02 billion, reflecting a growth of 10.23% from RMB 8.18 billion at the end of 2018[22]. - The basic earnings per share for 2019 was RMB 0.4812, down 11.64% from RMB 0.5446 in 2018[22]. - The gross profit margin decreased by 11.23 percentage points, dropping to 61.08%[103]. - The main business revenue reached CNY 2.94 billion, with a year-on-year increase of 11.56%[98]. - The main business cost increased by 56.81% to CNY 1.15 billion[100]. - The total revenue for the company reached approximately 2.94 billion, with a year-on-year increase of 11.56%[103]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2.17 per 10 shares, totaling RMB 184,267,720, based on a total share capital of 849,160,000 shares as of December 31, 2019[6]. - The company has not proposed any stock bonus or capital reserve conversion to increase share capital for the 2019 fiscal year[6]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshun Zhonghuan Accounting Firm[5]. - The company’s financial report has been confirmed for its authenticity, accuracy, and completeness by its management[5]. - The company’s board of directors and supervisory board members were present at the board meeting for the annual report[5]. Risk Management - The company has not faced any significant risks that could materially impact its operations during the reporting period[8]. - The company has outlined various risks and countermeasures in its operational analysis section of the report[8]. - The company is facing risks related to national drug policies and market dynamics, which may impact the clinical use of certain products[190]. Research and Development - The company is expanding its research and development from traditional Chinese medicine to chemical and biological drugs[30]. - The company has established a research team of nearly 200 people and has built research institutes in multiple cities, leading to a positive trend in new product approvals[63]. - The company holds 139 valid national patents, including 79 invention patents, enhancing its market competitiveness[65]. - The company is focusing on the research and development of 3 innovative chemical drugs and 42 generic drugs, with 2 projects undergoing consistency evaluation[145]. - The company is actively developing generic drug quality and efficacy consistency evaluation studies to enhance product competitiveness[152]. - The company is shifting its R&D focus from generic drugs to high-end formulations and innovative drugs, aiming for international development[174]. Product Development and Market Strategy - The company has a total of 45 varieties and 63 drug production approval numbers, with 24 varieties included in the National Medical Insurance Directory[33]. - The company’s main products include injectable blood-sealing agents and other traditional Chinese medicine formulations[33]. - The company implemented a dual development strategy for injection and oral formulations, significantly increasing sales of oral products such as Xuehuatong capsules and Qingre Jiedu oral liquid, which laid a solid foundation for future growth[45]. - The company is focusing on expanding its product line, including new drugs and technologies in the cardiovascular and musculoskeletal treatment areas[137]. - The company has initiated clinical trials for the compound Qilan oral solution, targeting pediatric applications[152]. - The company is actively pursuing new drug development, focusing on areas such as cardiovascular, oncology, and autoimmune diseases, while also enhancing its pipeline through acquisitions[182]. Marketing and Sales - The retail sales team was newly established, focusing on high-quality oral products, achieving rapid growth in the retail market, and enhancing brand recognition through nationwide promotional activities[48]. - The company established a comprehensive market coverage strategy, enhancing market share through targeted distribution across various medical institutions and retail terminals[72]. - The company has established a multi-channel sales model, combining self-operated and commercial sales strategies to optimize market reach[160]. - The company is adapting to the "4+7" model, which emphasizes the importance of production costs in the pharmaceutical industry[175]. Financial Structure and Investments - The company has established two industry funds with a total scale of CNY 1 billion, focusing on high-growth projects in the health sector[94]. - The company has adjusted its financing structure, increasing long-term borrowings to enhance financial stability[125]. - The company reported a significant increase in long-term loans, reaching CNY 1,130,000,000, which is a 527.78% increase compared to the previous period[125]. - The company has participated in the establishment of two investment centers, contributing 14,900 million RMB and 34,500 million RMB, respectively, to enhance its investment capabilities in the pharmaceutical sector[168]. Industry Trends and Challenges - The pharmaceutical industry in China continues to show stable growth, with a 6.6% increase in added value year-on-year[128]. - The pharmaceutical industry in China is transitioning from a "big pharmaceutical country" to a "strong pharmaceutical country," with an overall growth rate expected to fall below 10%[178]. - Rising raw material prices and logistics costs due to market fluctuations pose procurement risks, which the company aims to manage through strategic partnerships and market analysis[198]. Compliance and Regulatory Changes - The new medical insurance directory has completed negotiations for 97 drug varieties, establishing a dynamic adjustment mechanism for the medical insurance directory[191]. - The implementation of the DRGs payment system aims to standardize medical service behaviors and improve the medical insurance settlement system nationwide[192]. - The company has recognized a provision for litigation interest, leading to an increase in estimated liabilities by 39.33%[125].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥337,959,075.49, a decrease of 9.32% year-on-year[18]. - Operating revenue for the period was ¥2,111,394,666.72, reflecting a growth of 6.77% compared to the same period last year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥289,573,954.90, a decrease of 2.01% year-on-year[18]. - Basic earnings per share were ¥0.3980, a decline of 9.32% from ¥0.4389 in the same period last year[19]. - Net profit for the period reached 27,384,428.27 RMB, down from 176,631,182.11 RMB year-over-year[62]. - The company reported a total profit of ¥132.98 million in Q3 2019, a decrease of 17.56% from ¥161.43 million in Q3 2018[53]. - The company reported a total profit of 29,939,868.67 RMB, down from 207,823,388.04 RMB in the previous period[62]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,500,272,998.58, an increase of 3.89% compared to the end of the previous year[18]. - Total liabilities increased to ¥3,314,690,154.70, up from ¥3,198,654,013.84, representing a growth of approximately 3.7% year-over-year[40]. - Current assets rose to ¥5,570,158,261.74, compared to ¥5,067,248,339.69, marking an increase of about 9.9%[44]. - The company's total equity reached ¥5,185,582,843.88, up from ¥4,983,276,435.36, reflecting a growth of approximately 4.0%[40]. - The total current assets as of Q3 2019 were CNY 5,217,772,201.49, reflecting the company's liquidity position[76]. - Total liabilities amounted to $1,866,187,912.48, with current liabilities at $1,716,121,209.36[86]. Cash Flow - Net cash flow from operating activities was ¥38,899,846.97, down 86.06% from ¥279,128,500.88 in the previous year[18]. - Cash flow from operating activities showed a net increase of 38,899,846.97 RMB, a decline from 279,128,500.88 RMB in the previous year[68]. - The company reported a total operating cash inflow of CNY 1,397,926,081.78 for the first three quarters of 2019, compared to CNY 2,018,881,825.14 in the same period of 2018[72]. - The total cash flow from financing activities for the first three quarters of 2019 was CNY 28,701,365.14, an improvement from a negative cash flow of CNY -11,844,815.31 in the same period of 2018[72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,070[21]. - The largest shareholder, Hulin Chuangda Investment Co., Ltd., held 68.29% of the shares, amounting to 579,885,300 shares[21]. Expenses - Financial expenses increased by 97% to ¥70,463,802.14 from ¥35,766,996.29, primarily due to increased borrowings[27]. - Research and development expenses for the first three quarters of 2019 totaled ¥67.79 million, a slight increase from ¥66.57 million in the same period of 2018[49]. - Sales expenses in Q3 2019 were ¥177.84 million, down 21.29% from ¥226.24 million in Q3 2018[49]. - The financial expenses for Q3 2019 were ¥25.46 million, significantly higher than ¥9.15 million in Q3 2018, indicating an increase of 178.73%[49]. Investments - Long-term equity investments surged by 259% to ¥2,336,752.31 from ¥650,348.67, reflecting increased investment costs in associates[25]. - Investment properties skyrocketed by 4163% to ¥371,258,466.05 from ¥8,708,226.06 due to project completion[25]. - Debt investments reached ¥146,765,000.00, a significant increase attributed to the principal of loans issued[25]. Other Financial Metrics - The weighted average return on equity decreased by 1.11 percentage points to 6.57%[18]. - Government subsidies recognized in the current period amounted to ¥14,325,728.99, compared to ¥64,226,037.79 in the previous year[19]. - The company incurred financial expenses of 18,238,137.85 RMB, significantly higher than 5,919,659.30 RMB in the previous period[62].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,469,125,067.27, representing a 16.34% increase compared to ¥1,262,746,785.14 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥236,868,016.88, a decrease of 4.55% from ¥248,168,500.55 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥200,063,291.13, which is a 15.74% increase from ¥172,854,753.58 in the same period last year[20]. - The net cash flow from operating activities was ¥94,494,116.45, showing a 22.31% increase compared to ¥77,257,860.23 in the previous year[20]. - The total assets at the end of the reporting period were ¥8,238,665,391.37, a slight increase of 0.69% from ¥8,181,930,449.20 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥5,070,401,461.25, reflecting a 1.97% increase from ¥4,972,593,311.31 at the end of the previous year[20]. - The basic earnings per share for the first half of 2019 was ¥0.2789, down 4.58% from ¥0.2923 in the same period last year[20]. - The diluted earnings per share also stood at ¥0.2789, a decrease of 4.58% compared to the previous year[20]. - The weighted average return on net assets was 4.65%, down by 0.53 percentage points from 5.18% in the previous year[20]. Operational Highlights - The company did not report any significant operational risks that could materially affect its business during the reporting period[7]. - The company reported a non-recurring profit of ¥36,804,725.75, primarily from government subsidies amounting to ¥49,900,308.80, offset by losses from non-current asset disposals of ¥14,838.81 and other non-operating expenses of ¥5,478,392.89[23]. - The company has completed 3 invention patent applications and received 5 invention patent authorizations in the first half of 2019, totaling 137 valid patents, including 77 invention patents[26]. - The company focuses on traditional Chinese medicine and has expanded its product range to include 44 varieties and 63 drug production approval numbers, with 27 varieties included in the National Medical Insurance Directory[26]. - The company operates a procurement model that combines open bidding and strategic cooperation to optimize costs and quality in sourcing raw materials and equipment[27]. - The production model is based on "sales-driven production," ensuring that production plans align with sales forecasts and inventory levels[30]. - The sales strategy emphasizes a self-operated model complemented by business distribution, enhancing service quality and establishing a comprehensive sales network[31]. - The company is actively expanding its market presence in traditional Chinese medicine resources, establishing offices and subsidiaries in key production areas[32]. - The company has seen a significant increase in innovation activity, with a notable rise in domestic innovative drug applications and approvals due to regulatory reforms[33]. Market Trends - The global prescription drug market is expected to grow at an average annual rate of 6.5%, increasing from $945.7 billion in 2019 to $1,098 billion by 2022[38]. - In 2018, the revenue of large-scale pharmaceutical enterprises reached ¥3,251.03 billion, a decrease of 3% compared to the previous year, with a projected growth rate of approximately 10.3% for 2019[39]. - The total profit of large-scale pharmaceutical enterprises in 2018 was ¥390.33 billion, with a year-on-year growth of 10.9%, but a decline in growth rate is expected for 2019[44]. Research and Development - As of June 30, 2019, the company has 137 national patents, with key products under patent protection, including injectable drugs[44]. - The company has 32 drug varieties under research, including 3 new class drugs and 4 self-developed projects, emphasizing a balanced approach to independent research and technology cooperation[44]. - The company has implemented over 10 advanced technologies in production, enhancing product quality and technical content[46]. - The company has established a quality control center that meets national laboratory standards, ensuring high-quality inspection capabilities[48]. - The company has received multiple honors, including being listed among the top 20 in the 2018 China Traditional Chinese Medicine Enterprises ranking[49]. - The company is actively involved in clinical safety monitoring, having completed safety monitoring for 30,000 cases across 2 product varieties[48]. - The company aims to enhance its brand recognition and market presence through participation in major industry events and the establishment of a trading center for traditional Chinese medicine[49]. Financial Position - Accounts receivable increased by 31.21% to ¥1,505,390,990.75, accounting for 18.27% of total assets[62]. - Prepayments rose by 45.96% to ¥77,492,193.82, representing 0.94% of total assets[62]. - The company established a wholly-owned subsidiary, Beijing Hengchuang Xingyuan Pharmaceutical Technology Co., Ltd., with a registered capital of ¥100 million[65]. - The company’s subsidiary, Harbin Zhenbao Pharmaceutical Co., Ltd., reported a net profit of ¥10,860.15 million, up 50.60% year-on-year[68]. - The company’s subsidiary, Heilongjiang Zhenbao Island Pharmaceutical Trading Co., Ltd., achieved a revenue of ¥86,947.84 million, a year-on-year increase of 6,730.87%[71]. - The construction of the trading center's office building is 98% complete and is set to open on September 9, 2019[68]. - The company’s long-term equity investments increased by 259.31% to ¥2,336,752.31, accounting for 0.03% of total assets[62]. - Cash and cash equivalents included restricted cash totaling ¥53,188,194.65 due to bank guarantees and regulatory accounts[64]. - The company’s tax payable decreased by 43.59% to ¥57,701,776.52, accounting for 0.70% of total assets[62]. Risk Management - The pharmaceutical industry is facing significant risks due to policy changes and market reforms, leading to a slowdown in growth rates[72]. - The company aims to enhance product quality and maintain price stability by focusing on clinical value and adjusting product structures[72]. - The company has established a risk monitoring and prevention system to address potential market and procurement risks[72]. - The company is committed to improving its risk management awareness and protecting intellectual property during the drug development process[74]. Corporate Governance - The company has a commitment regarding shareholding restrictions, allowing a maximum reduction of 20% of shares held after the lock-up period ends, with a minimum selling price not lower than the IPO price[80]. - The company is involved in significant litigation, with a total amount of 24,721,000 RMB related to a contract dispute, which may impact net profit by 1,864,000 RMB[83]. - The company has ongoing litigation with a claim amount of 8,598,000 RMB, which could affect net profit by 170,000 RMB[83]. - The company has a claim against another party for 4,950,000 RMB, which is currently in the initial lawsuit stage[83]. - There are no significant related party transactions reported during the reporting period[89]. - The company has not disclosed any major contracts or their execution status during the reporting period[89]. - There are no updates on the company's stock incentive plans or employee stock ownership plans[89]. - The company has not reported any major acquisitions or disposals of assets during the reporting period[89]. - The company has not faced any penalties or corrective actions from regulatory bodies during the reporting period[89]. - There are no significant changes in the integrity status of the company and its major stakeholders during the reporting period[89]. Social Responsibility - The company has engaged in various poverty alleviation initiatives, contributing a total of 4.1325 million RMB in funds and 5.54 million RMB in material donations[96]. - The company has implemented two industrial poverty alleviation projects, investing 740,000 RMB in one project and 4.4 million RMB in healthcare resources for impoverished areas[96]. - The company signed agreements to purchase geese and scallions from impoverished households, promoting local agricultural projects to increase income for these households[101]. - The company organized a welfare activity for employees in need, distributing monetary assistance to show care and support[102]. - The company plans to continue its poverty alleviation efforts by establishing a public welfare fund and expanding its support to more regions and communities[103]. - The company actively participated in social welfare activities, including donating medical supplies worth tens of thousands of RMB to impoverished areas[100]. - The company has committed to enhancing the development of the traditional Chinese medicine industry to support poverty alleviation in rural areas[103]. Environmental Management - The company has a wastewater treatment system with a design capacity of 1000 tons per day, utilizing an A/O treatment process, ensuring compliance with environmental standards[107]. - In the first half of the year, the total COD emissions were 1397.6 kg, with concentrations ranging from 20.1 mg/L to 184.9 mg/L[104]. - The company reported a total of 3231.36 kg of sulfur dioxide emissions, with concentrations between 93 mg/m³ and 128 mg/m³[106]. - The company has established an automatic online monitoring system for wastewater discharge, connected to the local environmental authority for real-time monitoring[107]. - The company has implemented a comprehensive environmental management system, including emergency response plans for environmental incidents, with no reported incidents during the reporting period[111]. - The company’s subsidiary, Harbin Zhenbao Pharmaceutical Co., is not classified as a key pollutant discharge unit but adheres to strict environmental regulations[113]. - The company has a total of 2885.76 kg of nitrogen oxides and particulate matter emissions, with concentrations ranging from 87 mg/m³ to 121 mg/m³[106]. - The company has received a pollution discharge permit and has conducted environmental impact assessments for new projects[108]. - The company has a quarterly monitoring plan for wastewater and air emissions, ensuring compliance with national standards[112]. - The company has established a dedicated environmental management team to oversee compliance with environmental laws and regulations[114]. - The company adheres to the "three wastes" management standards, ensuring wastewater discharge meets the GB8978-1996 Level 3 standard and complies with the acceptance agreement with Heilongjiang Zhenbaodao Pharmaceutical Co., Ltd.[115]. - The company’s solid waste and hazardous waste management comply with national regulations, with a commitment to zero discharge of hazardous waste through proper collection and storage practices[118]. Accounting and Financial Reporting - The company has made adjustments in accounting policies, resulting in a decrease of RMB 8,590,766.73 in loans and advances, which have been reclassified under "debt investments"[120]. - The company’s available-for-sale financial assets decreased by RMB 60,000,000.00, which has been reclassified to "other equity instrument investments"[120]. - As of the end of the reporting period, the total number of common stock shareholders was 24,794, with the largest shareholder holding 68.29% of the shares[125]. - The largest shareholder, Hulin Chuangda Investment Co., Ltd., increased its holdings by 2,076,700 shares during the reporting period[125]. - The company’s board of directors saw a change with the resignation of Wang Yafei and the election of Zhang Yunqi as a non-independent director[133]. Future Outlook - The company plans to expand its market presence and product offerings in the pharmaceutical sector, focusing on new drug development and technology[196]. - The company has a diverse product range, including sterile raw materials and traditional Chinese medicine extracts, indicating a broad market strategy[195]. - The company’s financial performance and operational strategies will be closely monitored to assess future growth potential and market expansion opportunities[196]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan in the last quarter, representing a 15% year-over-year growth[199]. - User data indicates a rise in active users by 20%, reaching 500,000 users in the latest reporting period[199]. - The company has provided guidance for the next quarter, expecting revenue to grow by 10% to 1.32 billion yuan[199]. - New product launches are anticipated, including a line of herbal medicines aimed at the growing health-conscious market segment[199]. - The company is investing in R&D for new drug formulations, with a budget allocation of 100 million yuan for the upcoming fiscal year[199]. - Market expansion plans include entering two new provinces, targeting a 25% increase in market share within the next year[199]. - The company is exploring potential acquisitions to enhance its product portfolio, with a focus on companies specializing in biopharmaceuticals[199]. - A new strategic partnership has been established with a leading research institution to accelerate innovation in traditional medicine[199]. - The company reported a gross margin of 45%, indicating strong operational efficiency compared to the industry average of 35%[199]. - The company aims to reduce operational costs by 5% through improved supply chain management and automation initiatives[199].

Financial Performance - The company's operating revenue for 2018 was approximately ¥2.78 billion, a decrease of 11.34% compared to ¥3.14 billion in 2017[21]. - The net profit attributable to shareholders for 2018 was approximately ¥462.44 million, down 11.22% from ¥520.87 million in 2017[21]. - The net cash flow from operating activities decreased by 56.94% to approximately ¥367.40 million in 2018 from ¥853.19 million in 2017[21]. - The basic earnings per share for 2018 was ¥0.5446, reflecting a decrease of 11.22% compared to ¥0.6134 in 2017[24]. - The total assets at the end of 2018 were approximately ¥8.18 billion, an increase of 18.82% from ¥6.89 billion at the end of 2017[23]. - The weighted average return on equity for 2018 was 9.59%, a decrease of 2.02 percentage points from 11.61% in 2017[24]. - The company achieved a profit growth of 14.7% year-on-year, with an overall industrial capacity utilization rate rising to 76.7%[39]. - The company reported a significant increase in government subsidies, amounting to approximately ¥133.56 million in 2018, compared to ¥65.94 million in 2017[30]. Shareholder Information - The controlling shareholder, Hulin Chuangda Investment Co., Ltd., increased its stake to 68.29%, holding 57,988,530 shares as of April 15, 2019[7]. - As of April 15, 2019, the controlling shareholder, Hulin Chuangda Investment Co., Ltd., holds 577,808,600 shares, representing 68.29% of the total share capital[190]. - The top ten shareholders include Hulin Longpeng Investment Center with 144,000,000 shares, accounting for 16.96% of the total[190]. - Hulin Chuangda Investment Co., Ltd. has pledged 451,500,000 shares, indicating a significant portion of its holdings are under collateral[190]. - The actual controller of the company is Fang Tonghua, who serves as the chairman and general manager[196]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.64 per 10 shares, totaling RMB 139,262,240, based on a total share capital of 849,160,000 shares as of December 31, 2018[5]. - The company maintained its cash dividend policy without adjustments during the reporting period, distributing a total of RMB 139,262,240.00 in cash dividends for 2018, which represents 30.11% of the net profit attributable to ordinary shareholders[148][152]. - In 2018, the company distributed RMB 1.64 per 10 shares as dividends, compared to RMB 1.85 in 2017 and RMB 1.81 in 2016, indicating a slight decrease in per-share dividends over the three years[152]. Operational Risks and Management - The company did not face any significant risks that could materially impact its operations during the reporting period[6]. - The company has detailed its potential operational risks and corresponding countermeasures in the report[6]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[6]. - The company has implemented a risk management strategy to address the complexities and uncertainties associated with new drug development[145]. Research and Development - The company has 17 chemical raw materials and 31 chemical formulation products under research, focusing on cardiovascular, oncology, respiratory, digestive, diabetes, and pediatric treatment areas[44]. - The company has initiated the development of proprietary research projects, including the AKT inhibitor and pan-FGFR inhibitor, which have received clinical trial approval[44]. - The company is actively pursuing a dual-driven R&D model combining "introduction and cooperation + independent research and development" to enhance innovation[60]. - The company has established a comprehensive R&D organization centered in Beijing, with additional bases in Shanghai, Harbin, and Bozhou, aiming for international project development[60]. - The company's R&D investment amounted to CNY 90.91 million, representing 3.27% of its operating revenue and 1.82% of its net assets[104]. Sales and Marketing Strategy - The company employs a "sales-driven production" model, aligning production plans with sales forecasts and inventory levels to avoid overstock[36]. - The sales strategy includes a self-operated model as the main focus, complemented by business distribution, enhancing service quality and establishing a comprehensive sales network[36]. - The company has established strategic partnerships with leading suppliers to reduce procurement costs and improve quality, enhancing overall competitiveness[36]. - The company is transitioning its marketing model from traditional to a self-operated model combined with business distribution, covering all market segments[142]. Environmental Responsibility - The company has invested in environmental protection measures, ensuring that emissions from coal-fired boilers meet the Class II standard values of the "Comprehensive Emission Standard for Air Pollutants from Boilers" (GB13271-2001) with a dust concentration of 1.0 mg/m³[183]. - The wastewater treatment facilities across various plants have a total capacity of 2000T/d for Jixi Company and 1000T/d for Hulin Company, with treated wastewater meeting the Class II standard of the "Comprehensive Discharge Standard for Wastewater" (GB8978-1996)[183]. - The company has established a comprehensive environmental management system, enhancing its environmental protection capabilities and investment in facilities[183]. - The company has not reported any environmental pollution or ecological damage incidents in the past year, reflecting its commitment to social responsibility[183]. Social Responsibility - The company has committed to social responsibility by actively participating in charitable activities and promoting social welfare[179]. - The company invested approximately 63,112 million RMB in the "Bohai Traditional Chinese Medicine Commodity Trading Center Project" in 2018, with a cumulative total investment of about 103,620 million RMB[127]. - The company has engaged in various social welfare activities, including donations to local fire brigades and community support initiatives[177]. - The company has allocated 1.9 million RMB for employee assistance programs to support employees in need[176]. Legal and Compliance - The company is involved in significant litigation, with a total amount of CNY 24,721,000 related to a contract dispute, which may impact net profit by CNY 18,640,000[163]. - The company has not reported any significant accounting errors or changes that would impact its financial statements[159]. - The company has not disclosed any significant related party transactions during the reporting period[169]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[160].

证券代码：603567 证券简称：珍宝岛 公告编号：临 2019-030 黑龙江珍宝岛药业股份有限公司 关于参加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。 为进一步加强与投资者的互动交流，黑龙江珍宝岛药业股份有限公司（以 下简称"公司"）将参加由黑龙江省上市公司协会、深圳市全景网络有限公司共 同举办的"2019 年黑龙江省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： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景·路演天下"网站（http：//rs.p5w.net）参与公司 本次投资者集体接待日活动,时间为 2019 年 6 月 19 日（周三）14:00 至 16:30。 届时公司财务负责人葛秀萍女士，董事会秘书侯旭志先生将通过网络在线问 答互动的形式，与投资者就公司治理、发展经营情况、融资情况和可持续发展等 投资者关注的问题进行交流。期间，公司高管将全程在线，实时回答投资者的提 问。 欢迎广大投资者积极参与。 特此公告。 ...

2019 年第一季度报告 公司代码：603567 公司简称：珍宝岛 黑龙江珍宝岛药业股份有限公司 2019 年第一季度报告 1 / 24 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 24 2019 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人方同华、主管会计工作负责人葛秀萍及会计机构负责人（会计主管人员）葛秀萍 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------- ...

Financial Performance - The company's operating revenue for 2018 was approximately ¥2.78 billion, a decrease of 11.34% compared to ¥3.14 billion in 2017[20]. - Net profit attributable to shareholders was approximately ¥462.44 million, down 11.22% from ¥520.87 million in 2017[20]. - The net cash flow from operating activities decreased by 56.94% to approximately ¥367.40 million from ¥853.19 million in 2017[20]. - Basic earnings per share for 2018 were ¥0.5446, a decline of 11.22% from ¥0.6134 in 2017[22]. - The company's total assets increased by 18.82% to approximately ¥8.18 billion from ¥6.89 billion in 2017[21]. - The weighted average return on equity decreased to 9.59%, down 2.02 percentage points from 11.61% in 2017[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥371.01 million, a decrease of 20.90% from ¥469.01 million in 2017[20]. - The company's main business revenue decreased by 15.79% to CNY 2.64 billion, while the main business cost dropped by 45.88% to CNY 730 million[68]. - The total revenue for the company was approximately 2.64 billion, with a year-over-year decrease of 15.79%[71]. - The gross profit margin for the overall business was 72.31%, which increased by 15.39 percentage points compared to the previous year[71]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.64 per 10 shares, totaling RMB 139,262,240.00, based on a total share capital of 849,160,000 shares as of December 31, 2018[5]. - In 2018, the company distributed cash dividends totaling CNY 139,262,240, representing 30.11% of the net profit attributable to ordinary shareholders[135]. - The company's cash dividend policy remained unchanged during the reporting period[133]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for ordinary shareholders during the reporting period[136]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 25,279, a decrease from 25,498 in the previous month[166]. - The largest shareholder, Hulin Chuangda Investment Co., Ltd., holds 577,808,600 shares, representing 68.04% of the total share capital[167]. - Hulin Chuangda completed its share purchase plan on April 15, 2019, increasing its stake to 68.29%[169]. - The second largest shareholder, Hulin Longpeng Investment Center, holds 144,000,000 shares, accounting for 16.96%[167]. - There are no changes in the company's ordinary share capital structure during the reporting period[164]. Research and Development - The company completed 22 invention patent applications in 2018, with 12 granted and 1 design patent authorized[28]. - The company has 17 chemical raw materials and 31 chemical formulations under research, focusing on cardiovascular, oncology, respiratory, digestive, diabetes, and pediatric treatment areas[48]. - Major R&D projects include AKT kinase inhibitor and pan-FGFR kinase inhibitor, both of which have obtained clinical approval, with total investment of ¥26 million each[99]. - The company's R&D investment for the reporting period amounted to ¥90.91 million, representing 3.27% of operating revenue and 1.82% of net assets[97]. - The company is focusing on high-end chemical generics and innovative drugs, with nearly 100 high-quality generic drug projects in development and over 30 projects in reserve[63]. Market and Sales Strategy - The company has expanded its sales network to cover all terminals, including hospitals and OTC pharmacies, focusing on oral formulations[39]. - The company has implemented a "sales-driven production" model, aligning production plans with sales forecasts and inventory levels[33]. - The company has adopted a centralized procurement model for pharmaceutical commercial operations, ensuring traceability and quality control through an ERP system[30]. - The company aims to build a modern market circulation system for traditional Chinese medicine, integrating offline markets and e-commerce[65]. - The company is actively enhancing its product line by focusing on drugs for respiratory, digestive, diabetes, and musculoskeletal systems[98]. Risk Management - The company faces risks from policy changes and market dynamics, including stricter drug pricing and procurement policies, which may impact growth rates and profit margins[124]. - To mitigate risks, the company will closely monitor healthcare reform policies and enhance its product quality and safety through improved R&D and operational practices[125]. - The company recognizes the complexities and high risks associated with new drug development and aims to strengthen its risk management strategies throughout the R&D process[128]. - Fluctuations in raw material prices due to environmental policies and market conditions pose procurement risks, which the company plans to manage through strategic partnerships and price trend analysis[127]. Corporate Governance - The company has implemented a structured governance framework, ensuring compliance with relevant laws and regulations, and protecting the rights of minority shareholders[189]. - The company has established four specialized committees within the board of directors to oversee audit, strategy, nomination, and remuneration matters[190]. - An independent audit of the company's internal controls was conducted, resulting in a standard unqualified opinion[199]. - The financial statements fairly reflect the company's financial position as of December 31, 2018, and its operating results for the year[198]. Social Responsibility - The company invested a total of 14.8 million RMB in poverty alleviation efforts, with specific allocations including 12 million RMB for educational support and 2 million RMB for healthcare resources in impoverished areas[153]. - The company has actively participated in social welfare activities, including donations to local fire and border defense units, totaling over 5,000 RMB in value[152]. - The company plans to continue its efforts in the traditional Chinese medicine industry by establishing a trading platform to enhance trade flow and support poverty-stricken counties, aiming to help farmers achieve stable income and poverty alleviation[155]. - The company has committed to enhancing its environmental protection efforts, with no reported incidents of pollution or ecological damage in 2018[158].