投资要点： 维持推荐创新 药械及产业链。创新药高景气，持续推荐价值有望迎来重估的Pharma，维持恒瑞医药、 翰森制药、三生制药、华东医药增持评级，相关标的：石药集团；持续推荐创新管线逐步兑现、业绩进 入放量期的Biopharma/Biotech，维持科伦博泰生物、信达生物、康方生物、新诺威、映恩生物、京新药 业、微芯生物、特宝生物、我武生物、来凯医药增持评级；推荐受益创新，景气度修复的CXO及制药 上游，维持百普赛斯、药明康德、药明合联、泰格医药、美诺华增持评级；推荐有望迎来复苏的医疗器 械龙头，维持微创医疗、联影医疗、惠泰医疗增持评级。 本报告导读： 2025 年9 月第一周A 股医药板块表现强于大盘。2025 年9 月第一周（2025/9/1-2025/9/5）上证综指下跌 1.2%，SW 医药生物上涨1.4%，涨跌幅在申万一级行业中排名第3 位。生物医药板块中表现相对较好的 细分板块化学制剂(+4.5%)、生物制品(+1.9%)、医疗服务(+1.7%)。个股涨幅前三为海辰药业(+28.7%)、 长春高新(+24.2%)、百花医药(+21.3%)；个股跌幅前三为舒泰神(-24.0%)、广生堂(-15.8 ...

责任编辑：小浪快报 华泰保兴科荣A（009124）基金经理为周咏梅、陈祺伟。 截至发稿，周咏梅累计任职时间7年214天，现任基金资产总规模88.97亿元，任职期间最佳基金回报 43%， 任职期间最差基金回报-1.86%。 陈祺伟累计任职时间2年80天，现任基金资产总规模245.94亿元，任职期间最佳基金回报19%， 任职期 间最差基金回报-1.86%。 数据显示，华泰保兴基金旗下1只基金重仓微芯生物。华泰保兴科荣A（009124）二季度持有股数5.3万 股，占基金净值比例为2.49%，位居第三大重仓股。根据测算，今日浮盈赚取约9.28万元。 华泰保兴科荣A（009124）成立日期2020年5月11日，最新规模2080.67万。今年以来收益7.5%，同类排 名5711/8178；近一年收益12.91%，同类排名6293/7978；成立以来收益33.71%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 9月5日，微芯生物涨5%，截至发稿，报36.74元/股，成交4.58亿 ...

科创生物医药ETF紧密跟踪上证科创板生物医药指数，上证科创板生物医药指数从科创板市场中选取50 只市值较大的生物医药、生物医学工程、生物农业、生物质能、其他生物业等领域上市公司证券作为指 数样本，反映科创板市场代表性生物医药产业上市公司证券的整体表现。 数据显示，截至2025年8月29日，上证科创板生物医药指数(000683)前十大权重股分别为联影医疗 (688271)、百济神州(688235)、博瑞医药(688166)、百利天恒(688506)、艾力斯(688578)、君实生物 (688180)、惠泰医疗(688617)、泽璟制药(688266)、荣昌生物(688331)、益方生物(688382)，前十大权重 股合计占比50.27%。 截至2025年9月5日 10:41，上证科创板生物医药指数(000683)强势上涨1.32%，成分股泽璟制药(688266) 上涨5.31%，君实生物(688180)上涨3.89%，惠泰医疗(688617)上涨3.85%，微芯生物(688321)，南微医学 (688029)等个股跟涨。科创生物医药ETF(588250)上涨1.39%，最新价报1.31元。 消息面上，诺华选择继 ...

Group 1 - The company announced the resignation of Vice General Manager Zhang Libin due to personal reasons, effective immediately, and he will not hold any other positions within the company after his resignation [1][2]. - Zhang Libin's resignation will not adversely affect the company's daily operations, as the responsibilities will be taken over by She Liangji, the Senior Vice President of the Group, who will directly lead the department [2][3]. - The company expressed gratitude for Zhang Libin's contributions during his tenure [2]. Group 2 - The company has upgraded its organizational structure, with She Liangji overseeing the commercial sector, which includes the oncology product division, metabolic disease product division, and commercial and market access department [2]. - A new "new retail" business department has been established to enhance online brand promotion and diversify sales channels, reflecting the company's strategic response to market demands [2]. - The sales revenue from the "sugar liver co-management" initiative has increased by 125.7% year-on-year, indicating strong market recognition [2].

（文章来源：证券日报） 证券日报网讯 9月1日晚间，微芯生物发布公告称，公司董事会于近日收到公司副总经理张丽滨先生的 书面辞职报告。张丽滨先生因个人原因，申请辞去公司副总经理职务，辞职后将不再担任公司其他任何 职务。 ...

Group 1 - Weisheng Information won four projects in August with a total amount of 85.5377 million yuan, accounting for 3.12% of the company's total revenue for 2024 [1] - Longqi Technology's shareholder plans to reduce its stake by up to 4.09%, equating to a maximum of 19.1916 million shares [1] - Guojin Modern's subsidiary received a drug registration certificate for injectable Nicardipine, used for treating unstable angina [3][4] Group 2 - SAIC Motor reported a total vehicle sales of 363,400 units in August, a year-on-year increase of 41.04%, with new energy vehicle sales reaching 129,800 units, up 49.89% [5] - Kuka Home plans to invest 1.124 billion yuan to build a self-owned base in Indonesia, aiming to enhance its international strategy [6] - Samsung Medical's subsidiary signed a contract for an intelligent meter project in Egypt worth 58.8 million USD, approximately 419 million yuan [8] Group 3 - North Vehicle Blue Valley's subsidiary reported a total production of 10,587 units in August, a year-on-year decrease of 15.13%, while sales increased by 3.47% [12] - Xianghe Industrial signed contracts worth 400 million yuan for railway fastener system components [13] - Hengrui Medicine's HRS9531 injection has received acceptance for its marketing authorization application [14] Group 4 - Hualu Hengsheng resumed normal production after completing maintenance on production facilities [16] - Shanghai Pharmaceuticals' hydrochloride verapamil injection passed the consistency evaluation for generic drugs [18] - Shanghai Construction received approval for debt financing tools with a registration period of two years [20] Group 5 - Kangli Elevator terminated the sale of its wholly-owned subsidiary due to the buyer's failure to obtain necessary approvals [21] - Times Wan Heng appointed Li Zhizhong as the new deputy general manager [22] - Hanma Technology reported a total truck sales of 1,051 units in August, a year-on-year increase of 58.05% [24] Group 6 - Wenzhou Hongfeng's subsidiary received a utility model patent certificate for a servo adjustment device [26] - Yibin Technology received a project designation from a domestic new energy vehicle company, with an estimated total sales of 243 million yuan over five years [28] - Star Ring Technology's H-share issuance application was accepted by the China Securities Regulatory Commission [30] Group 7 - Microchip Bio's vice president resigned for personal reasons [31] - Zhongxin Co. announced the resignation of a non-independent director due to personal reasons [32] - Changcheng Military Industry's vice chairman resigned due to retirement [35] Group 8 - Jiukang Bio received four invention patent certificates related to detection reagents [36] - Meino Bio's subsidiary changed its registered address [37] - Kuangda Technology announced a potential change in control due to a share transfer [38] Group 9 - China Rare Earth confirmed no undisclosed significant matters amid stock price fluctuations [72]

证券代码：688321 证券简称：微芯生物 公告编号：2025-054 深圳微芯生物科技股份有限公司 关于公司高级管理人员离任的公告 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法律责任。 重要内容提示： 一、高级管理人员离任情况 | | 离任职务 | 离任时间 | 原定任期 | | 是否继续在上 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | | | 到期日 | 离任原因 | 市公司及其控 股子公司任职 | （如适用） | 毕的公开 | | | | | | | | | 承诺 | | | | | | | | 代谢病产 | | | 张丽滨 | 副总经理 | 2025/8/31 | 2027/4/20 | 个人原因 | 否 | 品事业部 | 否 | | | | | | | | 负责人 | | (一) 提前离任的基本情况 (二) 离任对公司的影响 根据《上海证券交易所上市公司自律监管指引第 1 号——规范运作》的有关 规定，张丽滨先生 ...

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 9月1日，微芯生物涨5.01%，截至发稿，报38.38元/股，成交4.90亿元，换手率3.21%，总市值156.51亿 元。 资料显示，深圳微芯生物科技股份有限公司位于广东省深圳市南山区西丽街道曙光社区智谷产业园B栋 21F-24F，成立日期2001年3月21日，上市日期2019年8月12日，公司主营业务涉及为患者提供可承受 的、临床亟需的原创新分子实体药物。主营业务收入构成为：西达本胺75.92%，西格列他钠21.30%， 其他(补充)2.04%，其他0.37%，技术授权许可0.36%。 从基金十大重仓股角度 数据显示，民生加银基金旗下1只基金重仓微芯生物。民生加银精选混合（690003）二季度减持1.63万 股，持有股数6.1万股，占基金净值比例为3.98%，位居第九大重仓股。根据测算，今日浮盈赚取约 11.16万元。 民生加银精选混合（690003）成立日期2010年2月3日，最新规模3640.8万 ...

Group 1 - The monkeypox concept sector declined by 0.91%, ranking among the top declines in concept sectors, with leading decliners including Aladdin, Tsinghua Tongfang, and Hongyuan Pharmaceutical [1] - Among the 61 stocks in the monkeypox concept sector, 17 stocks saw price increases, with Kangchen Pharmaceutical, Botao Bio, and Yipin Hong leading the gains at 3.17%, 2.18%, and 1.82% respectively [1] - The monkeypox concept sector experienced a net outflow of 1.397 billion yuan from main funds today, with Han Yu Pharmaceutical seeing the largest outflow of 339 million yuan [2][3] Group 2 - The top gainers in the monkeypox concept sector included Kangchen Pharmaceutical, Jihigh Development, and Lepu Medical, with net inflows of 27.1 million yuan, 17.6 million yuan, and 12.5 million yuan respectively [4] - The stocks with the largest net outflows in the monkeypox concept sector included Han Yu Pharmaceutical, Zhongsheng Pharmaceutical, and Weixin Bio, with outflows of 339 million yuan, 114 million yuan, and 99.5 million yuan respectively [2][3] - The overall performance of the monkeypox concept sector reflects a challenging market environment, with significant capital outflows impacting stock prices [2][4]

Core Viewpoint - MicuBio reported a significant improvement in its financial performance for the first half of 2025, with revenue growth exceeding 30% and a return to profitability, driven primarily by the sales increase of its innovative drugs [2][3]. Financial Performance - MicuBio achieved revenue of 407 million yuan, representing a year-on-year growth of 34.56% [2]. - The company recorded a net profit attributable to shareholders of 29.59 million yuan, marking a turnaround from previous losses [2]. Product Performance - The sales of the two innovative drugs, Westadbenamide and Siglitazone, saw substantial growth, with sales increasing by 125.70% and 15.14% respectively [3]. - Siglitazone is recognized as the world's first PPAR full agonist and has been included in the national medical insurance directory for two consecutive years [2][3]. Market Expansion - MicuBio has expanded its sales channels significantly, covering over 5,300 hospitals and 6,700 pharmacies nationwide for Siglitazone [3]. - The company is also accelerating its online channel presence through platforms like JD.com, Alibaba, and Meituan [3]. Research and Development - MicuBio is advancing multiple projects in clinical development and preclinical research across five major areas: malignant tumors, metabolic diseases, autoimmune diseases, central nervous system diseases, and antiviral treatments [3][5]. - The company is prioritizing the promotion of Siglitazone for Type 2 diabetes patients with MASH/MAFLD based on existing clinical trials and real-world evidence [5]. Future Prospects - Analysts expect continued revenue growth for MicuBio as new indications for Westadbenamide are launched, and Siglitazone sales increase [5]. - The company is actively pursuing international clinical and commercial collaborations for Westadbenamide and exploring licensing opportunities for other products [5]. Industry Context - The domestic innovative drug sector has seen a surge in overseas licensing deals, with 97 transactions completed by June, reflecting a 45% year-on-year increase [6]. - The total contract value for overseas licensing deals reached $44.2 billion, accounting for approximately 82% of the projected total for 2024 [6].