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威高骨科(688161) - 北京市中伦(深圳)律师事务所关于山东威高骨科材料股份有限公司2025年限制性股票激励计划调整及首次授予相关事项的法律意见书
2025-04-29 11:47
二〇二五年四月 北京市中伦(深圳)律师事务所 北京市中伦(深圳)律师事务所 关于山东威高骨科材料股份有限公司 2025 年限制性股票激励计划 调整及首次授予相关事项的 法律意见书 关于山东威高骨科材料股份有限公司 2025 年限制性股票激励计划 调整及首次授予相关事项的 法律意见书 致:山东威高骨科材料股份有限公司 北京市中伦(深圳)律师事务所(以下简称"本所"或"中伦")接受山东 威高骨科材料股份有限公司(以下简称"威高骨科"或"公司")的委托,担任 威高骨科实施 2025 年限制性股票激励计划(以下简称"本次股权激励计划"、 "本激励计划"或"本计划")相关事宜的专项法律顾问。本所律师根据《中华 人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以 下简称"《证券法》")、中国证券监督管理委员会(以下简称"中国证监会") 发布的《上市公司股权激励管理办法》(以下简称"《管理办法》")等有关法 律、法规、规范性文件和《山东威高骨科材料股份有限公司 2025 年限制性股票 激励计划(草案)》(以下简称"《激励计划》")的规定,对威高骨科提供的有 关文件进行了核查和验证,就公司根据《激励计 ...
威高骨科(688161) - 2025 Q1 - 季度财报
2025-04-29 10:53
Financial Performance - The company's operating revenue for Q1 2025 was CNY 290,185,005.08, a decrease of 16.59% compared to the same period last year[3]. - Net profit attributable to shareholders increased by 48.37% to CNY 51,789,016.82, driven by reduced sales expenses and improved operational efficiency[3]. - Basic and diluted earnings per share rose by 44.44% to CNY 0.13, reflecting the increase in net profit attributable to shareholders[3]. - The company reported a net profit excluding non-recurring gains and losses of CNY 49,066,897.23, up 41.95% year-on-year[3]. - The company reported a total profit of ¥68,756,250.20 for Q1 2025, compared to ¥41,477,509.70 in Q1 2024, reflecting a significant growth[16]. - Net profit for Q1 2025 reached ¥52,548,106.68, an increase of 46.5% from ¥35,851,783.23 in Q1 2024[17]. Cash Flow and Investments - The net cash flow from operating activities surged by 272.12% to CNY 55,655,277.16, primarily due to a decrease in cash expenses[3]. - The net cash flow from operating activities was 55,655,277.16, an increase from 14,956,094.00 in the previous period, indicating a significant improvement in operational efficiency[20]. - Cash inflow from investment activities totaled 1,263,184,816.48, compared to 245,450,442.70 previously, reflecting a strong investment recovery[20]. - The net cash flow from investment activities was -56,381,540.12, worsening from -22,137,303.98, suggesting increased investment outflows[20]. - Cash paid for the acquisition of fixed assets was 4,566,356.60, down from 7,587,746.68, indicating a reduction in capital expenditures[20]. - The company received 1,240,000,000.00 in cash from investment recoveries, a significant increase from 240,000,000.00 in the previous period[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,961,933,297.24, a slight increase of 0.28% from the end of the previous year[4]. - Total current assets as of March 31, 2025, amount to ¥4,214,936,608.25, an increase from ¥4,190,993,746.67 as of December 31, 2024[12]. - Total liabilities as of the end of the reporting period were ¥946,135,314.59, down from ¥984,785,361.90[14]. - Total current liabilities decreased to ¥820,801,233.57 from ¥858,444,127.04[13]. - The company’s total assets amounted to ¥4,961,933,297.24, slightly up from ¥4,948,035,237.87[14]. - Total equity attributable to shareholders increased to ¥4,005,308,940.35 from ¥3,953,519,923.53[14]. Research and Development - Total R&D investment amounted to CNY 28,643,022.81, accounting for 9.87% of operating revenue, an increase of 1.38 percentage points year-on-year[4]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,904[8]. - The largest shareholder, Shandong Weigao Group Medical Polymer Co., Ltd., holds 202,500,000 shares, accounting for 50.63% of total shares[8]. Operational Changes - The decline in operating revenue was attributed to the integration of sales models, which impacted revenue generation[6]. - There are no new strategies or significant operational changes reported for the current period[10]. - The company has not disclosed any new product developments or technological advancements in this reporting period[10]. Cost Management - Total operating costs for Q1 2025 were ¥235,809,633.56, down 25.5% from ¥317,060,839.41 in Q1 2024[16]. - The company paid 102,172,206.33 in cash to employees, an increase from 90,090,063.00, reflecting higher labor costs[20].
威高骨科(688161) - 山东威高骨科材料股份有限公司2024年年度股东大会决议公告
2025-04-21 13:53
证券代码:688161 证券简称:威高骨科 公告编号:2025-018 山东威高骨科材料股份有限公司 2024 年年度股东大会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示: (三) 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况: | 1、出席会议的股东和代理人人数 | 78 | | --- | --- | | 普通股股东人数 | 78 | | 2、出席会议的股东所持有的表决权数量 | 346,351,862 | | 普通股股东所持有表决权数量 | 346,351,862 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 86.5879 | | 例(%) | | | 普通股股东所持有表决权数量占公司表决权数量的比例(%) | 86.5879 | (四) 表决方式是否符合《公司法》及公司章程的规定,大会主持情况等。 本次股东大会由董事会召集,采用现场投票和网络投票相结合的方式召开, 会议由董事长陈敏女士主持,本次会议的召集、召开方式符合《公司法 ...
威高骨科(688161) - 关于公司2025年限制性股票激励计划内幕信息知情人买卖公司股票情况的自查报告
2025-04-21 13:51
证券代码:688161 证券简称:威高骨科 公告编号:2025-019 山东威高骨科材料股份有限公司 关于 2025 年限制性股票激励计划内幕信息知情人 买卖公司股票情况的自查报告 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、准确性和完整性依法承担法律责任。 山东威高骨科材料股份有限公司(以下简称"公司")于 2025 年 3 月 25 日分别召开了第三届董事会第十三次会议和第三届监事会第十一次会议,审议通 过了《关于公司<2025 年限制性股票激励计划(草案)>及其摘要的议案》等相 关议案,并于 2025 年 3 月 27 日在上海证券交易所网站(www.sse.com.cn)披露 了相关公告。 根据《上市公司信息披露管理办法》《上市公司股权激励管理办法》等有关 法律法规、规范性文件以及公司相关内部保密制度的规定,公司对 2025 年限制 性股票激励计划(以下简称"激励计划")采取了充分必要的保密措施,同时对 本次激励计划的内幕信息知情人进行了必要登记。根据《上海证券交易所科创板 股票上市规则》《科创板上市公司自律监管指南第 4 号—股权激励信息披露 ...
威高骨科(688161) - 北京市中伦(深圳)律师事务所关于山东威高骨科材料股份有限公司2024年年度股东大会的法律意见书
2025-04-21 13:47
北京市中伦(深圳)律师事务所 关于山东威高骨科材料股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年四月 北京市中伦(深圳)律师事务所 关于山东威高骨科材料股份有限公司 2024 年年度股东大会的 法律意见书 致:山东威高骨科材料股份有限公司 根据中国证监会发布的《上市公司股东会规则》(下称"《股东会规则》") 的有关规定,北京市中伦(深圳)律师事务所(下称"本所")接受山东威高骨 科材料股份有限公司(下称"公司")的委托,指派律师出席公司 2024 年年度股 东大会(下称"本次股东大会"),并就本次股东大会的召集和召开程序、召集人 资格、出席和列席会议人员资格、表决程序及表决结果等事宜发表法律意见。 一、本次股东大会的召集和召开程序 为召开本次股东大会,公司董事会于 2025 年 3 月 27 日在《公司章程》规定 的信息披露媒体上公告了《关于召开 2024 年年度股东大会的通知》,公司将于 2025 年 4 月 21 日召开 2024 年年度股东大会。前述通知及公告载明了会议的召 开方式、召开时间和召开地点,对会议议题的内容进行了充分披露,说明了股东 有权出席并可委托代理人出席和行使表决权, ...
山东威高骨科材料股份有限公司关于参加2024年度科创板医疗器械行业集体业绩说明会的公告
登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性依法承担责任。 重要内容提示: ● 会议召开时间:2025年04月25日(星期五)15:00-17:00 ● 会议召开地点:上海证券交易所上证路演中心(网址:http://roadshow.sseinfo.com/) ● 会议召开方式:上证路演中心网络互动 四、投资者参加方式 (一)投资者可在2025年04月25日(星期五) 15:00-17:00,通过互联网登录上证路演中心 (http://roadshow.sseinfo.com/),在线参与本次业绩说明会,公司将及时回答投资者的提问。 (二)投资者可于2025年04月18日(星期五)至04月24日(星期四)16:00前登录上证路演中心网站首 页,点击"提问预征集"栏目(https://roadshow.sseinfo.com/preCallQa),根据活动时间,选中本次活动或 (一) 会议召开时间:2025年04月25日(星期五)15:00-17:00 (二) 会议召开地点:上证路演中心 ( ...
威高骨科(688161) - 关于参加2024年度科创板医疗器械行业集体业绩说明会的公告
2025-04-17 08:00
证券代码:688161 证券简称:威高骨科 公告编号:2025-017 山东威高骨科材料股份有限公司(以下简称"公司")已于 2025 年 3 月 27 日发布公司 2024 年年度报告,为便于广大投资者更全面深入地了解公司 2024 年 度经营成果、财务状况,公司计划于 2025 年 04 月 25 日(星期五)15:00-17:00 举行 2024 年度科创板医疗器械行业集体业绩说明会,就投资者关心的问题进行 交流。 一、说明会类型 本次投资者说明会以网络互动形式召开,公司将针对 2024 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通,在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 (一) 会议召开时间:2025 年 04 月 25 日(星期五)15:00-17:00 (二) 会议召开地点:上证路演中心 山东威高骨科材料股份有限公司 关于参加 2024 年度科创板医疗器械行业集体业绩说明会的 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、准确性和完整性依法承担责任。 重要内容提示: (如有 ...
2025年中国骨科植入医疗器械行业产业链、发展现状及发展趋势研判:老年人骨质疏松等骨科疾病的发病率较高,对骨科植入医疗器械的需求将持续增加 [图]
Chan Ye Xin Xi Wang· 2025-04-16 01:07
Core Viewpoint - The orthopedic implant medical device market in China is experiencing continuous growth, driven by an aging population, increased traffic accidents, and a rising demand for quality health care. The market size has expanded from 36.7 billion RMB in 2020 to 54.8 billion RMB in 2023, with projections to reach 59.2 billion RMB in 2024 [1][10]. Industry Definition and Classification - Orthopedic implant medical devices are surgical instruments implanted in the human body to replace, support, fix, or enhance bone, joint, and spinal tissues, aimed at restoring or improving bone function, promoting healing, alleviating pain, and enhancing the quality of life [2]. Industry Chain Analysis - The industry chain includes upstream raw material supply, midstream manufacturing, and downstream consumer demand. Upstream materials include metals, inorganic non-metals, polymers, and carbon materials, with a gradual increase in domestic supply. Midstream companies manufacture various orthopedic implants, while downstream distributors deliver products to medical institutions [4]. Industry Development History - The development of the orthopedic implant medical device industry in China can be divided into four stages: the embryonic period (early 20th century), the initial period (post-1949 to mid-1980s), the rapid development period (mid-1980s to early 21st century), and the market expansion and import substitution period (early 21st century to present) [6]. Current Industry Development Status - By the end of 2024, the population aged 65 and above in China is expected to reach 220 million, marking a significant increase in demand for orthopedic implants, particularly in the spinal and joint implant sectors [8][10]. Market Segmentation - The market segmentation shows that trauma products account for 38%, joint products 32%, spinal products 23%, and sports medicine products 5%. The trauma segment benefits from widespread applications in treating common orthopedic conditions, while the joint segment is driven by the aging population and increasing joint disease prevalence [12]. Key Companies Analysis - The competitive landscape features several key players: - Weigao Orthopedics offers a wide range of products across various orthopedic fields and emphasizes innovation [14]. - Spring Medical focuses on joint products and is expanding its business [14]. - Dabo Medical excels in trauma products and is venturing into other areas [14]. - Sanyou Medical specializes in spinal products and is extending its product line [14]. - Kelly Tai is focused on minimally invasive spinal products [14]. - Aikang Medical is known for its innovations in joint products [14]. Future Development Trends - The industry is expected to see accelerated import substitution, with domestic companies closing the technology gap with foreign brands and gaining market share due to cost advantages and better local service [19]. - Product innovation is increasing, driven by advancements in clinical medicine and materials science, leading to the development of smaller, more precise implants and the use of new materials [20][21]. - Research on bioactive materials is gaining momentum, with a focus on materials that promote bone growth and healing, enhancing the performance and stability of orthopedic implants [22].
威高骨科:风险回报最新情况
2025-04-15 07:00
Summary of Shandong Weigao (1066.HK) Conference Call Company Overview - **Company**: Shandong Weigao (1066.HK) - **Industry**: China Healthcare Key Points and Arguments 1. **Price Target Adjustments**: - Price target increased from HK$5.20 to HK$5.90, reflecting a 13% rise in DCF-derived price target [2][6] - Bull case price target raised from HK$8.00 to HK$9.00, while bear case increased from HK$2.80 to HK$3.20 [1][2] 2. **Earnings Forecasts**: - EPS forecasts for 2025, 2026, and 2027 raised by 9%, 13%, and 12% respectively [2] - Projected sales growth of 9% YoY for 2025 and 7% YoY for 2026 [2] 3. **Growth Drivers**: - Management guidance indicates double-digit percentage growth in the medium term driven by new product launches and reduced VBP (Volume-Based Procurement) headwinds [2] - Anticipated contributions from overseas markets are expected to support growth [2] 4. **Sales Growth by Segment**: - Clinical nursing care sales growth projected at 6% for 2025, with orthopedic products expected to grow by 13.3% [18] - Interventional products sales growth forecasted at 7% for 2025 [18] 5. **Market Position**: - Shandong Weigao is recognized for having one of the most effective sales distribution networks in China, which is crucial for new product launches [12] - Despite near-term growth challenges due to price cuts and industry volume issues, the company is expected to gain market share [12] 6. **Valuation and Rating**: - Current stock rating is equal-weight, with a fair valuation against a stable growth path and dividend yield support [13] - The stock closed at HK$5.71 on April 10, 2025, with a 52-week range of HK$6.54 to HK$3.60 [3] 7. **Risks and Challenges**: - Potential risks include higher-than-expected VBP price cuts, slower volume uptake of consumables, and intense competition in pre-fillable syringes [16][22] - Regulatory headwinds and industry competition may pressure growth and margins [22] 8. **Investment Thesis**: - The investment thesis is based on a stable growth outlook with potential upside from new product contributions and favorable government policies [12][22] Additional Important Information - **DCF Methodology**: Utilized a WACC of 13.0% and a terminal growth rate of 3% for the DCF model starting from 2025 [6] - **Consensus Estimates**: The consensus price target distribution shows a mean target of HK$6.25 [7] - **Market Sentiment**: The overall industry view is considered attractive, indicating positive sentiment towards the healthcare sector in China [3][12]
山东威高骨科材料股份有限公司监事会关于公司2025年限制性股票激励计划首次授予激励对象名单的公示情况说明及核查意见
监事会关于公司2025年限制性股票激励计划首次授予激励对象名单的公示情况说明及核查意见 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 山东威高骨科材料股份有限公司(以下简称"公司")于2025年3月25日召开了第三届董事会第十三次会 议、第三届监事会第十一次会议,审议通过《关于公司〈2025年限制性股票激励计划(草案)〉及其摘 要的议案》等相关议案。根据《上市公司股权激励管理办法》(以下简称"《管理办法》")、《上海证 券交易所科创板股票上市规则》(以下简称"《上市规则》")等规定,公司对2025年限制性股票激励计 划首次授予激励对象名单在公司内部进行了公示。公司监事会结合公示情况对拟首次授予激励对象进行 了核查,相关公示及核查意见如下: 一、公示情况及核查方式 (一)对激励对象的公示情况 2025年3月27日,公司在上海证券交易所网站(www.sse.com.cn)披露了《2025年限制性股票激励计划 (草案)》(以下简称"《激励计划(草案)》")及其摘要公告、《2025年限制性股票激励计划实施考 核管理办法》及《20 ...