Group 1 - The company, Jindike (688670.SH), announced the unfortunate passing of its general manager, Mr. Zhang Jianhui, due to illness, at the age of 67 [1]

证券代码：688670 证券简称：金迪克 公告编号：2025-024 目前公司生产经营一切正常，公司董事会推举董事长余军先生代行总经理 职责，公司董事会将根据《中华人民共和国公司法》和《公司章程》的规定， 尽快完成公司总经理聘任工作，并及时履行信息披露义务。 公司董事、监事、高级管理人员及全体员工将化悲痛为力量，团结一心， 继续推进公司的持续健康发展。 特此公告。 江苏金迪克生物技术股份有限公司 江苏金迪克生物技术股份有限公司 关于公司总经理逝世的公告 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法律责任。 江苏金迪克生物技术股份有限公司（以下简称"公司"）董事会沉痛哀告： 公司收到公司总经理张建辉先生家属通知，张建辉先生因病于近日不幸逝世， 享年 67 岁。 张建辉先生自 2015 年起一直为公司或公司前身江苏金迪克生物技术有限公 司的主要股东之一，并于 2023 年 10 月被聘任为公司总经理。张建辉先生长期 伴随并支持公司发展壮大；在担任公司总经理期间，勤勉尽责、恪尽职守，认 真履行了作为公司高级管理人应尽的责任和义务，为公 ...

Core Viewpoint - The company announced the unfortunate passing of its General Manager, Zhang Jianhui, due to illness, highlighting his significant contributions to the company's development since 2015 [1] Group 1 - Zhang Jianhui served as a major shareholder and was appointed General Manager in October 2023 [1] - The company expressed deep condolences and gratitude for Zhang Jianhui's dedication and efforts during his tenure [1] - As of the announcement date, Zhang Jianhui held 5.6804 million shares, representing 4.61% of the company's total equity [1] Group 2 - The company's operations remain normal following the announcement [1] - The board of directors has appointed Chairman Yu Jun to act as the General Manager temporarily [1] - The company will expedite the process of appointing a new General Manager in accordance with relevant laws and regulations [1]

Core Points - The company announced the unfortunate passing of General Manager Zhang Jianhui due to illness at the age of 67 [1] - Zhang Jianhui was a major shareholder since 2015 and was appointed as General Manager in October 2023 [1] - As of the announcement date, Zhang Jianhui held 5.6804 million shares, representing 4.61% of the company's total equity [1] - The company's operations are currently normal, and the board has appointed Chairman Yu Jun to act as General Manager temporarily [1] - The company plans to complete the appointment of a new General Manager as soon as possible [1]

Core Viewpoint - The China Food and Drug Administration has approved the first batch of the quadrivalent influenza vaccine from Jindike for 2025 [1] Company Summary - Jindike's quadrivalent influenza vaccine has received regulatory approval, indicating progress in the company's vaccine development efforts [1] Industry Summary - The approval of the influenza vaccine reflects ongoing advancements in the pharmaceutical industry, particularly in vaccine development and public health initiatives [1]

Core Insights - The company reported a total revenue of 3.5242 million yuan for the first half of 2025, representing a year-on-year increase of 7.18% [1] - The net profit attributable to shareholders was -39.6531 million yuan, showing a year-on-year improvement of 2.97% [1] - The gross profit margin increased to 94.77%, up by 21.99% compared to the previous year [1] Financial Performance - Total revenue for the second quarter was 60.4 thousand yuan, a significant increase of 103.49% year-on-year [1] - The net profit for the second quarter was -22.0718 million yuan, a decline of 13.91% year-on-year [1] - Inventory levels rose significantly, with an increase of 83.9% year-on-year [1] Key Financial Metrics - Gross profit margin: 94.77%, up from 77.68% [1] - Net profit margin: -1125.15%, improved from -1242.85% [1] - Total expenses (selling, administrative, and financial) amounted to 34.5496 million yuan, accounting for 980.34% of revenue, a decrease of 30.86% year-on-year [1] Cash Flow and Debt Management - Cash flow from operating activities showed a negative trend, with a per-share operating cash flow of -0.69 yuan, an increase of 4.24% year-on-year [1] - The company experienced a 51.69% decrease in net cash flow from investing activities due to fewer redeemed financial products [4] - The net cash flow from financing activities increased by 222.11% as a result of reduced bank loan repayments [4] Accounts Receivable and Inventory Management - Accounts receivable increased by 37.36% year-on-year, indicating improved collection efforts [1][3] - Inventory levels surged by 162.11%, attributed to increased product and inventory stock [3] Business Model and Market Position - The company's performance is primarily driven by marketing efforts, necessitating a thorough examination of the underlying factors [4] - Historical data indicates a median Return on Invested Capital (ROIC) of 18.96%, with the worst year being 2024 at -6.73% [4]

Summary of Key Points Core Viewpoint - The financing activities of Jindike (688670) indicate a positive sentiment among investors, with a net buying trend observed over recent trading days, suggesting potential growth in stock value [1][2]. Financing Activities - On August 21, 2025, Jindike had a financing buy of 239.03 thousand yuan and a financing repayment of 190.06 thousand yuan, resulting in a net financing purchase of 48.97 thousand yuan [1]. - The financing balance reached 2295.64 thousand yuan, with a net buying total of 257.72 thousand yuan over the last three trading days [1][2]. - In the last 20 trading days, there were 12 days with net financing purchases, indicating sustained investor interest [1]. Financing Balance Trends - The financing balance increased by 2.18% on August 21, 2025, compared to the previous day [3]. - The financing balance on August 20 was 2246.67 thousand yuan, showing a daily increase of 31.61 thousand yuan, which was a 1.43% rise [3]. - The highest net financing purchase in the observed period was 177.14 thousand yuan on August 19, contributing to an 8.69% increase in the financing balance [3]. Margin Trading Knowledge - Financing refers to the practice where securities companies lend money to investors to purchase stocks, while margin trading allows investors to borrow stocks to sell, expecting to buy them back at a lower price [4].

Core Insights - Jindike (688670.SH) released its semi-annual report for 2025 on August 22, 2025, indicating a total of 4 institutional investors holding shares, amounting to 4.0434 million shares, which represents 3.28% of the total share capital [1] - The institutional holding percentage decreased by 0.33 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Taizhou Tongze Enterprise Management Consulting Partnership (Limited Partnership), Taizhou Tongren Enterprise Management Consulting Partnership (Limited Partnership), Tianjin Qiuyang Growth Private Fund Management Co., Ltd. - Qiuyang Boying No. 1 Private Securities Investment Fund, and Qianhai Kaiyuan Strong Consensus Top 100 Stocks [1] - The total institutional holding percentage stands at 3.28% [1] Public Funds - One new public fund disclosed during this period is Qianhai Kaiyuan Strong Consensus Top 100 Stocks [1]

Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2025, focusing on enhancing operational efficiency, strengthening market competitiveness, and safeguarding investor interests. Group 1: Company Overview - The company is focused on the human vaccine sector, particularly influenza vaccines, and has developed a product line covering ten vaccines for five infectious diseases [4][5]. - The company has a strong commitment to maintaining high safety and efficacy standards for its products, with its quadrivalent influenza vaccine exceeding national and European pharmacopoeia standards [4]. Group 2: Financial Data - The company reported a total R&D investment of 23.85 million yuan in the first half of 2025, reflecting a year-on-year increase of 15.25% [8]. - The company has effectively managed its costs, resulting in a decrease in management expenses compared to the previous year [12]. Group 3: Operational Highlights - The company has accelerated the production and approval process for its quadrivalent influenza vaccine, aiming to increase market share by improving production efficiency [6][7]. - The company has established a marketing network covering over 2,000 disease control centers across 30 provinces, enhancing customer service and exploring new sales channels [10]. Group 4: R&D and Innovation - The company is actively pursuing R&D in various vaccine areas, including rabies, chickenpox, and pneumonia, with several projects progressing through clinical trials [8]. - The company has initiated the III phase clinical trial for its quadrivalent influenza vaccine for children, demonstrating its commitment to innovation [8]. Group 5: Governance and Compliance - The company has strengthened its governance structure, ensuring compliance with regulatory requirements and enhancing decision-making efficiency through various board committees [13][20]. - The company has conducted multiple board meetings and shareholder meetings to ensure transparency and effective governance [14][19]. Group 6: Investor Relations - The company emphasizes investor communication, planning to hold a performance briefing to address investor concerns and enhance transparency [26][27]. - The company has established a mechanism for timely responses to investor inquiries, ensuring that information is accurate and complete [18][19]. Group 7: Fund Management - The company has raised 1.21396 billion yuan through its public offering, with net proceeds of 1.13567 billion yuan after deducting issuance costs [35][36]. - As of June 30, 2025, the company had a balance of 119.05 million yuan in unutilized raised funds, demonstrating effective fund management [37]. Group 8: Future Outlook - The company plans to continue enhancing its R&D efforts and operational efficiency in the second half of 2025, aiming to strengthen its market position and investor returns [9][23].

Meeting Overview - The second meeting of the Supervisory Board of Jiangsu Jindike Biotechnology Co., Ltd. was held on August 21, 2025, combining in-person and remote participation, with all three supervisors present for voting [1]. Resolutions Passed - The Supervisory Board unanimously approved the 2025 Half-Year Report and its summary, confirming that the report's preparation and review complied with relevant laws and internal regulations, and accurately reflected the company's operational and financial status for the first half of 2025 [1][2]. - The Supervisory Board also approved the Special Report on the Storage and Actual Use of Raised Funds for the first half of 2025, affirming that the use of raised funds adhered to regulatory requirements and did not harm the interests of the company or its shareholders [2][3].