上海奥浦迈生物科技股份有限公司 监事会关于公司 2023 年限制性股票激励计划首次授 予部分第二个归属期及预留授予部分第一个归属期 归属名单的核查意见 综上所述，监事会同意为本次符合归属条件的首次授予部分 43 名激励对象 及预留授予部分 45 名激励对象办理归属事宜，对应限制性股票的归属数量为 297,800 股。上述事项符合相关法律、法规及规范性文件所规定的条件，不存在 损害公司及股东利益的情形。 上海奥浦迈生物科技股份有限公司监事会 2025 年 9 月 1 日 上海奥浦迈生物科技股份有限公司（以下简称"公司"或"奥浦迈"）监事 会依据《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》"）、《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》"）、 《科创板上市公司自律监管指南第 4 号——股权激励信息披露》等相关法律、法 规及规范性文件和《上海奥浦迈生物科技股份有限公司章程》（以下简称《" 公司 章程》"）的有关规定，对《公司 2023 年限制性股票激励计划（修订稿）》（以下 简 ...

证券代码：688293 证券简称：奥浦迈 公告编号：2025-071 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。 一、董事会会议召开情况 上海奥浦迈生物科技股份有限公司（以下简称"奥浦迈"或"公司"）第二 届董事会第十二次会议于2025年9月1日通过通讯会议的方式召开。本次会议通知 及相关资料已于2025年8月22日送达全体董事。本次会议由董事长肖志华先生召 集并主持，会议应出席董事7名，实际出席董事7名，本次会议的召集、召开方式 符合相关法律、行政法规、部门规章、规范性文件和《公司章程》的规定，会议 决议合法有效。 二、董事会会议审议情况 经与会董事审议表决，形成的会议决议如下： 1、审议通过了《关于调整<公司2023年限制性股票激励计划>授予价格的议 案》 鉴于自公司2024年8月26日召开相关董事会审议《关于调整<公司2023年限制 性股票激励计划>授予价格的议案》至今，公司已完成2024年中期以及2024年年 度权益分派事项，根据《公司2023年限制性股票激励计划（修订稿）》（以下简 上海奥浦迈生物科技股份有限 ...

Group 1 - The core viewpoint of the news is that Aopumai's stock has shown significant volatility, with a year-to-date increase of 47.96% but a recent decline in the last five and twenty trading days [2] - As of August 29, Aopumai's stock price was 53.68 CNY per share, with a market capitalization of 6.095 billion CNY [1] - The company reported a revenue of 178 million CNY for the first half of 2025, representing a year-on-year growth of 23.77%, and a net profit of 37.55 million CNY, up 55.55% year-on-year [2] Group 2 - Aopumai's main business revenue composition includes 87.34% from products, 12.53% from services, and 0.13% from other sources [2] - The company is categorized under the pharmaceutical and biotechnology industry, specifically in the sub-sector of biological products [2] - As of June 30, 2025, Aopumai had 3,212 shareholders, an increase of 6.11% from the previous period, with an average of 24,100 circulating shares per shareholder, a decrease of 5.76% [2][3] Group 3 - Aopumai has distributed a total of 147 million CNY in dividends since its A-share listing [3] - Among the top ten circulating shareholders, ICBC Frontier Medical Stock A increased its holdings by 1.25 million shares, while other significant shareholders maintained their positions [3]

Core Viewpoint - The company reported significant revenue and profit growth in the first half of 2025, driven by strong performance in cell culture products and CDMO services [1][2]. Financial Performance - The company achieved revenue of 178 million yuan in the first half of 2025, representing a year-over-year increase of 23.77% [1]. - The net profit attributable to shareholders reached 38 million yuan, up 55.55% year-over-year, while the net profit after deducting non-recurring items was 30 million yuan, reflecting a 76.73% increase [1]. - In Q2 alone, revenue was 94 million yuan, showing a year-over-year growth of 47.21%, with net profit at 23 million yuan, a remarkable increase of 401.77% [1]. Business Segments - The product business, primarily focused on culture media, generated revenue of 155 million yuan in the first half of 2025, marking a year-over-year increase of 25.49% [2]. - The CDMO service business reported revenue of 22.27 million yuan, up 13.24% year-over-year [2]. - The strong performance in cell culture products, particularly through deep collaboration with overseas clients, significantly supported overall revenue growth [2]. Profitability and Cost Management - The gross margin for the product business improved to 71.91%, an increase of 1.57 percentage points year-over-year [2]. - The gross margin for CDMO services was -47.53%, a decrease of 43.01 percentage points year-over-year [2]. - The overall expense ratios for sales, management, and R&D were 7.40% (down 1.32 percentage points), 16.05% (down 14.06 percentage points), and 13.58% (up 2.87 percentage points) respectively [2]. Pipeline and Future Growth - As of mid-2025, the company had 282 confirmed drug development pipelines utilizing its culture media, an increase of 35 from the end of 2024 [2]. - The growth in pipelines spans various stages, with 11 projects commercialized, 32 in Phase 3, 32 in Phase 2, 58 in Phase 1, and 149 in preclinical stages, laying a solid foundation for future growth [3]. - The company adjusted its profit forecasts for 2025-2027 to net profits of 88 million, 128 million, and 174 million yuan respectively, reflecting a higher certainty in performance growth [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a robust revenue growth of 23.77% year-on-year in H1 2025, with total revenue reaching 178 million yuan. The net profit attributable to the parent company increased by 55.55% year-on-year to 38 million yuan [5] - The company is optimistic about the continued expansion of its overseas business and has raised its profit forecast for 2025-2027 [5] - The core product business is driving steady revenue growth, while the CDMO service business is showing signs of recovery [6] Financial Performance - In H1 2025, the company's product business generated revenue of 155 million yuan, a year-on-year increase of 25.49%, while the CDMO service business achieved revenue of 22 million yuan, up 13.24% [6] - The overseas revenue reached 69 million yuan, marking a significant year-on-year growth of 51.64%, accounting for 38.56% of total revenue [6] - The company’s gross margin improved to 56.84%, with the core cell culture product business gross margin at 71.91% [7] Profitability and Cost Management - The company’s net profit margin increased by 4.38 percentage points year-on-year to 20.96% in H1 2025, supported by effective cost control measures [7] - Management expenses decreased by 34.03% year-on-year, while R&D expenses rose by 56.97% to support new product development [7] Earnings Forecast - The company’s projected net profits for 2025-2027 are 75 million, 102 million, and 133 million yuan respectively, with corresponding EPS of 0.66, 0.90, and 1.18 yuan [5][9] - The current stock price corresponds to P/E ratios of 85.9, 62.9, and 48.0 for the years 2025, 2026, and 2027 respectively [5][9]

Investment Rating - The report maintains a "Recommended" rating for the company [1][10]. Core Views - The company has shown significant growth in both domestic and international performance, with an increase in the number of projects participated [1][9]. - The revenue for the first half of 2025 reached 178 million yuan, representing a year-over-year increase of 23.77%, while the net profit attributable to shareholders was 38 million yuan, up 55.55% year-over-year [5]. - The company’s product business, primarily focused on cell culture media, achieved a revenue of 155 million yuan, a year-over-year increase of 25.49% [9]. - The company has a growing pipeline with 282 confirmed drug development projects utilizing its media, an increase of 35 projects compared to the end of 2024 [9]. Financial Summary - The company’s total market capitalization is 6.3 billion yuan, with a circulating A-share market value of 4.3 billion yuan [1]. - The projected revenue for 2024 is 2.97 billion yuan, with a year-over-year growth of 22.3%, and net profit is expected to be 540 million yuan [7][12]. - The gross margin for the product business improved to 71.91%, while the CDMO service gross margin was -47.53% [9]. - The company’s asset-liability ratio is 8.2%, indicating a strong financial position [1].

Market Overview - The biopharmaceutical sector experienced a decline of 2.85% on August 27, with Kanghua Biotech leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - Wuwei Biotech (300357) saw a significant increase of 5.38%, closing at 30.95 with a trading volume of 299,000 shares and a transaction value of 915 million yuan [1] - Kanghua Biotech (300841) reported a notable decline of 8.89%, closing at 76.60 with a trading volume of 125,200 shares and a transaction value of 993 million yuan [2] - Anke Biotech (300009) also faced a drop of 5.59%, closing at 11.14 with a trading volume of 862,300 shares and a transaction value of 990 million yuan [2] Capital Flow Analysis - The biopharmaceutical sector experienced a net outflow of 1.853 billion yuan from institutional investors, while retail investors saw a net inflow of 1.543 billion yuan [2] - The capital flow for individual stocks indicates that Hualan Biotech (002007) had a net inflow of 32.28 million yuan from institutional investors, while it faced a net outflow of 40.67 million yuan from speculative funds [3] - The overall trend shows that retail investors are actively investing in the sector despite the institutional outflows [2][3]

Group 1 - The core viewpoint of the news is that Aopumai is experiencing rapid growth in cell culture medium revenue driven by large orders and ongoing commercialization projects, with new products like transfection reagents and agarose showing promising growth despite a small base [1] - Aopumai's overseas cell culture medium business has seen a remarkable growth rate of 34.92%, primarily contributed by large clients [1] - The overall gross margin for the company is 56.84%, while the gross margin for cell culture product sales is 71.91%, indicating no significant difference in gross margins domestically and internationally when excluding CDMO business [1] Group 2 - Zhonghang Fund, established in 2016, has an asset management scale of 42.229 billion yuan, ranking 90th out of 210 in total public funds [2] - The best-performing public fund product in the past year under Zhonghang Fund is the Zhonghang Opportunity Leading Mixed Fund A, with a latest net value of 2.63 and a growth of 172.64% over the past year [2]

Group 1 - The stock price of Aopumai closed at 56.40 yuan on August 26, 2025, down by 1.87 yuan, a decrease of 3.21% from the previous trading day [1] - The trading volume on that day was 26,747 hands, with a transaction amount of 150 million yuan, and the stock experienced a fluctuation of 6.83% [1] - Aopumai is a biopharmaceutical company specializing in cell culture medium research and production, as well as contract development and manufacturing services for biopharmaceuticals [1] Group 2 - On August 26, Aopumai disclosed the results of an institutional research meeting held on August 25, where company executives discussed the operational performance for the first half of 2025, indicating significant progress despite challenges [1] - Participating institutions in the research included 10 firms such as Zhongtai Securities, CITIC Securities, and CITIC Jianzhong Securities [1] Group 3 - On August 26, the net inflow of main funds into Aopumai was 12.1482 million yuan, accounting for 0.28% of the circulating market value [1] - However, over the past five days, the overall main fund flow has shown a net outflow, totaling 27.1309 million yuan, which is 0.62% of the circulating market value [1]

Group 1 - The core viewpoint of the news is that Aopumai's stock price has declined by 5.15%, currently trading at 55.27 CNY per share, with a total market capitalization of 6.276 billion CNY [1] - Aopumai Biotechnology Co., Ltd. was established on November 27, 2013, and went public on September 2, 2022. The company specializes in cell culture products and services, with revenue composition being 87.34% from products, 12.53% from services, and 0.13% from other sources [1] - The trading volume for Aopumai was 48.9595 million CNY, with a turnover rate of 1.11% [1] Group 2 - Among Aopumai's top ten circulating shareholders, a fund under ICBC Credit Suisse Asset Management has increased its holdings in Aopumai by 1.2508 million shares, now holding a total of 2.9001 million shares, which accounts for 3.75% of the circulating shares [2] - The fund, ICBC Frontier Medical Stock A (001717), has a current scale of 9.33 billion CNY and has achieved a year-to-date return of 37.86%, ranking 607 out of 4222 in its category [2] - The fund manager, Zhao Bei, has been in the position for 10 years and 285 days, with the fund's best return during this period being 262.7% [2]