证券代码：688363 证券简称：华熙生物 公告编号：2024-024 华熙生物科技股份有限公司 关于召开 2023 年年度股东大会的通知 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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 股东大会召开日期：2024年6月28日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 召开地点：天津市滨海新区天津经济技术开发区中区纺一路 33 号 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 （五） 网络投票的系统、起止日期和投票时间。 联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 28 日 至 2024 年 6 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 ...

证券代码：688363 证券简称：华熙生物 公告编号：2024-022 华熙生物科技股份有限公司 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，现将公司回购进展情况公告如下： 重要内容提示： | 回购方案首次披露日 | 2023/8/30，由董事长兼总经理赵燕女士提议 | | --- | --- | | 回购方案实施期限 | 董事会审议通过后 12 个月 | | 预计回购金额 | 200,000,000 元~300,000,000 元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | 累计已回购股数 | 3,040,219 股 | | 累计已回购股数占总股本比 | 0.6312% | | 例 | | | 累计已回购金额 | 元 203,975,735.27 | | 实际回购价格区间 | 56.90 元/股~89.71 元/股 | 一、 回购股份的基本情况 公司于 2023 年 8 月 29 日召开第二届董事会第八次会议，审议通过《关于以 集中竞价交易方式回购公司股份的议 ...

证券代码：688363 证券简称：华熙生物 公告编号：2024-021 重要内容提示： 投资者可于 2024 年 05 月 29 日(星期三) 至 06 月 04 日(星期二)16:00 前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir@bloomagebiotech.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 华熙生物科技股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日发 布公司 2023 年年度报告及 2024 年第一季度报告，为便于广大投资者更全面深入 地了解公司 2023 年度及 2024 年第一季度经营成果、财务状况，公司计划于 2024 年 06 月 05 日 上午 09:00-10:00 举行 2023 年度暨 2024 年第一季度业绩说明会， 就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2023 年度及 2024 年第一 季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 会议召开时间：2024 年 06 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The report indicates that the management transformation is beginning to show results, with significant improvement in profitability for Q1 2024 [6][5]. - The company achieved a total revenue of 6.076 billion yuan in 2023, a year-on-year decline of 4.45%, while the net profit attributable to shareholders was 593 million yuan, down 38.97% year-on-year [5][6]. - In Q1 2024, the company reported revenue of 1.361 billion yuan, a year-on-year increase of 4.24%, and a net profit of 243 million yuan, up 21.39% year-on-year [5][6]. Summary by Sections Financial Performance - In 2023, the company’s revenue decreased by 4.45% to 6.076 billion yuan, with a net profit decline of 38.97% to 593 million yuan [5][6]. - The Q4 2023 revenue was 1.854 billion yuan, down 9.04% year-on-year, and the net profit was 78 million yuan, down 73.37% year-on-year [5][6]. - The gross profit margin for 2023 was under pressure, decreasing by 3.7 percentage points, while the sales expense ratio improved marginally, decreasing by 1.2 percentage points [6][11]. Business Segments - The raw materials business generated revenue of 1.13 billion yuan, up 15% year-on-year, with the high-margin pharmaceutical HA segment growing by 19% [6]. - The medical terminal business saw a revenue increase of 59%, with significant growth in skin, orthopedic, and other categories [6]. - The functional skincare segment experienced an 18% decline, attributed to strategic adjustments in brand management [6]. Future Outlook - The report anticipates that the company’s raw materials business will maintain a solid market position, and the contribution from the medical aesthetics business is expected to increase [6]. - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 1.75 yuan, 2.08 yuan, and 2.52 yuan respectively [6][11].

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。 华熙生物科技股份有限公司（以下简称"公司"）首次公开发行股票募集资 金投资项目（以下简称"募投项目"）"华熙生物研发中心提升改造项目"（以下 简称"研发中心项目"）拟使用募集资金金额已投入完毕，"华熙天津透明质酸钠 及相关项目"（以下简称"天津项目"）已达到预定可使用状态，公司决定将其予 以结项，并注销相应募集资金专项账户，现将相关情况公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会于 2019 年 9 月 29 日出具的《关于同意华熙生 物科技股份有限公司首次公开发行股票注册的批复》（证监许可[2019]1796 号）， 公司首次公开发行人民币普通股 49,562,556 股，发行价格为 47.79 元/股，募集资 金总额为人民币 236,859.46 万元，扣除发行费用合计人民币 11,964.01 万元（不 含增值税）后，实际募集资金净额为人民币 224,895.44 万元。上述资金已于 2019 年 10 月 30 日全部到位，致同会计师事务所（特殊普通合 ...

Investment Rating - The report maintains a "Recommendation" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [12]. Core Views - The company achieved a revenue of 6.08 billion yuan in 2023, a year-on-year decrease of 4.6%. However, the first quarter of 2024 showed a revenue increase of 4.2% year-on-year, reaching 1.36 billion yuan [1][2]. - The raw material and medical business segments exceeded expectations, with raw material product revenue growing by 15% year-on-year to 1.13 billion yuan, and medical terminal product revenue increasing by 59% year-on-year to 1.09 billion yuan [1]. - The company is expected to see revenue growth in the coming years, with projections of 6.6 billion yuan in 2024, 7.6 billion yuan in 2025, and 8.9 billion yuan in 2026, reflecting a compound annual growth rate of 14.1% from 2024 to 2026 [2][6]. Summary by Sections Financial Performance - In 2023, the company reported a gross profit margin of 73.32%, a decrease of 3.67 percentage points year-on-year, with a net profit of 590 million yuan, down 39% year-on-year [1]. - The first quarter of 2024 showed a gross margin improvement to 75.73%, with a net profit of 240 million yuan, up 21% year-on-year [1]. Business Segments - The raw material segment contributed 19% of total revenue, with a gross margin of 64.71%, down 6.83 percentage points due to increased production costs. The overseas market, particularly Europe and Southeast Asia, drove growth, with exports reaching 517 million yuan, up 21% year-on-year [1]. - The medical terminal segment contributed 18% of total revenue, with a gross margin of 82.10%, an increase of 1.24 percentage points. The company expanded its customer base to over 3,500 institutions [1]. - Functional skincare products accounted for 62% of total revenue, with a gross margin of 73.93%, down 4.44 percentage points. The company is optimizing its brand resources and channels [1]. Cost and Expenses - The overall expense ratio for 2023 was 61.72%, an increase of 2.25 percentage points from 2022. The sales expense ratio was 46.78%, down 1.2 percentage points year-on-year [1]. - The company reported a significant improvement in sales expenses, although the decline in functional skincare revenue led to a slight increase in the overall expense ratio [1]. Future Outlook - The company is expected to maintain a strong growth trajectory, with anticipated revenues of 6.6 billion yuan in 2024, 7.6 billion yuan in 2025, and 8.9 billion yuan in 2026, alongside net profits of 850 million yuan, 1.06 billion yuan, and 1.28 billion yuan respectively [2][6].

证券研究报告 | 公司动态点评 2024 年 05月 10日 华熙生物（688363.SH） 23 年护肤品调整拖累业绩，24Q1 业绩高增拐点出现 财务指标 2022A 2023A 2024E 2025E 2026E 增持（维持评级） 营业收入（百万元） 6,359 6,076 6,661 7,609 8,663 股票信息 增长率yoy（%） 28.5 -4.5 9.6 14.2 13.8 归母净利润（百万元） 971 593 824 1,017 1,256 行业 医药 增长率yoy（%） 24.1 -39.0 39.0 23.5 23.4 2024年5月9日收盘价（元） 63.22 ROE（%） 14.4 8.3 10.6 11.9 13.0 总市值（百万元） 30,451.70 EPS最新摊薄（元） 2.02 1.23 1.71 2.11 2.61 流通市值（百万元） 12,528.83 P/E（倍） 31.4 51.4 37.0 29.9 24.3 总股本（百万股） 481.68 P/B（倍） 4.6 4.4 4.0 3.6 3.2 流通股本（百万股） 198.18 资料来源：公司财报，长城证券产业金 ...

Investment Rating - The report suggests a focus on the company's management and organizational adjustments, indicating a potential for recovery in performance, thus recommending attention to the stock [6]. Core Views - The company reported a revenue of 6.076 billion yuan in 2023, a decrease of 4.5% year-on-year, with a net profit of 593 million yuan, down 39.0% year-on-year. However, Q1 2024 showed a revenue increase of 4.2% year-on-year to 1.361 billion yuan and a net profit increase of 21.4% year-on-year to 243 million yuan [3][4]. - The raw materials and medical terminal businesses performed well in 2023, with raw material revenue increasing by 15.22% and medical terminal business revenue increasing by 58.95%. In contrast, the functional skincare segment saw a revenue decline of 18.45% due to strategic adjustments [4][5]. - The company is implementing multi-dimensional adjustments in management, digitalization, and business operations, aiming for a rebound in the skincare business in 2024 [5]. Financial Summary - Revenue projections for 2024-2026 are 7.095 billion yuan, 8.095 billion yuan, and 9.253 billion yuan, with corresponding growth rates of 16.8%, 14.1%, and 14.3%. Net profit projections are 863 million yuan, 1.051 billion yuan, and 1.272 billion yuan, with growth rates of 45.6%, 21.8%, and 21.1% respectively [6][7]. - The company's comprehensive gross margin for 2023 was 73.3%, with a net profit margin of 9.75% [4][6]. - The earnings per share (EPS) for 2024-2026 are projected to be 1.79 yuan, 2.18 yuan, and 2.64 yuan, respectively [6][7].

证券研究报告 公司点评 华熙生物(688363.SH) 美容护理｜ 医疗美容 医疗终端业务发力成长，业绩有望加速修复 2024年 05月 06日 预测指标 2022A 2023A 2024E 2025E 2026E 评级 买入 主营收入(百万元) 6,359.19 6,075.92 6,504.29 7,420.50 8,553.35 评级变动 维持 归母净利润(百万元) 970.92 592.56 791.09 991.94 1,105.31 交易数据 每股收益（元） 2.02 1.23 1.64 2.06 2.29 当前价格（元） 61.50 每股净资产（元） 13.77 14.42 15.73 17.37 19.21 52周价格区间（元） 53.00-97.88 P/E 31.32 51.32 38.44 30.66 27.51 总市值（百万） 29623.30 P/B 4.58 4.38 4.01 3.63 3.29 流通市值（百万） 12188.00 资料来源：iFinD，财信证券 总股本（万股） 48167.90 流通股（万股） 19817.90 投资要点：  业绩概览：1）2023全年以及第四 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company's revenue and profit were under pressure in 2023, but business adjustments showed initial results in Q1 2024, with significant optimization in sales expense ratio [3] - The raw material business grew steadily, with overseas expansion and synthetic biology layout progressing steadily [3] - The medical aesthetics segment showed strong growth, while the skincare business underwent phased adjustments [4] - The company is expected to achieve EPS of 1.71/2.10/2.49 for 2024-2026, with PE ratios of 37/30/25X [5] Financial Performance - 2023 revenue was 6.076 billion yuan, down 4.45% YoY, with net profit attributable to the parent company at 593 million yuan, down 38.97% YoY [3] - Q1 2024 revenue was 1.361 billion yuan, up 4.24% YoY, with net profit attributable to the parent company at 243 million yuan, up 21.39% YoY [3] - The raw material business achieved revenue of 1.129 billion yuan in 2023, up 15.22% YoY [3] - The medical terminal business achieved revenue of 1.090 billion yuan in 2023, up 58.95% YoY [4] - The functional skincare business achieved revenue of 3.757 billion yuan in 2023, down 18.45% YoY [4] Business Segments - The raw material business saw steady growth, with overseas expansion and new product launches [3] - The medical aesthetics segment added coverage to over 3,500 institutions, with skin-related medical products achieving revenue of 747 million yuan, up 60.29% YoY [4] - The skincare business is undergoing phased adjustments, with a focus on building blockbuster product series and optimizing channel structure [4] Future Outlook - The company is expected to continue its growth trajectory, driven by its core hyaluronic acid business and diversified bio-active material product matrix [5] - The report forecasts revenue growth of 11.59%, 14.77%, and 13.29% for 2024-2026, respectively [9]