Group 1: 康恩贝 - The company aims to acquire potential large products that align with its strategic direction, with ongoing discussions for relevant targets [1] - The acquisition strategy considers strategic fit, revenue and profit potential, growth opportunities, and compatibility with existing treatment areas and marketing channels [1] - The company has strengthened its business development (BD) system, with a recently approved modified new drug for throat relief as an example of a more efficient and asset-light "acquisition" [1] Group 2: 甘李药业 - The company signed a technology transfer and supply agreement with Fundação Oswaldo Cruz-Bio-Manguinhos and BIOMM for the production of insulin in Brazil [2] - The total amount of the supply framework agreement is expected to be no less than 3 billion RMB, with actual order amounts to be determined [2] - The agreement includes technology transfer for insulin and commitments for future procurement by FZ over the next 10 years [2] Group 3: 天目药业 - The company is focused on the inheritance and innovation of traditional Chinese medicine, accelerating the resumption of production for quality products like pearl eye drops [3] - It has made significant progress in drug re-registration, with 53 drugs receiving approval notifications since the beginning of 2025, surpassing the total for 2024 [3] - The company is leveraging existing product advantages to launch new products to meet diverse consumer needs [3] Group 4: 济民健康 - The company plans to enhance cooperation and increase investment in innovative drug research, aiming to establish Boao International Hospital as a high-level clinical research center [4] - The company holds a 51% stake in Boao International Hospital, with various stakeholders involved in the remaining shares [4] Group 5: 恒瑞医药 - The company signed a licensing agreement with Glenmark Specialty for its innovative drug SHR-A1811, with potential earnings exceeding 1.1 billion USD [5][6] - The drug targets HER2 and is designed to induce apoptosis in tumor cells, enhancing anti-tumor efficacy [5] - Glenmark Specialty will pay an upfront fee of 18 million USD and is eligible for milestone payments based on registration and sales [6] Group 6: 华熙生物 - The company’s strategic investment in Sanofi Pharmaceuticals is aimed at enhancing its presence in the biopharmaceutical sector [7] - The investment allows for collaboration in the development of small nucleic acid innovative drugs, creating synergies across its main business areas [7] - The company is exploring the role of hyaluronic acid and other substances in advanced medical research and applications [7]

Core Viewpoint - Huabang Life Health Co., Ltd. held an online investor meeting on September 25, 2025, to discuss its business layout and financial status, engaging with numerous investors [1][2]. Business Layout and Development Strategy - The company focuses on the pharmaceutical and healthcare industry, with independent operations in agriculture, new materials, and tourism through three listed subsidiaries. It aims to enhance its full industry chain development model, integrating raw materials, formulations, functional skincare products, and medical services while maintaining the independent operation of its subsidiaries [3]. - In the pharmaceutical sector, the company received A certification for raw materials such as mometasone furoate and crizotinib in the first half of 2025, with six formulation products obtaining market approval. Notably, the betamethasone dipropionate and calcipotriol ointment is the first generic product approved in China. The company is expanding its prescription market and exploring both domestic and overseas raw material markets [3]. - Beijing Huasheng Rehabilitation Hospital increased its bed capacity from 300 to 457 in early 2025, generating over 130 million yuan in revenue in the first half of 2025, a 20% increase year-on-year, with a bed occupancy rate exceeding 90% [3]. - The tourism segment is centered around Lijiang Co. and Qinling Tourism, with resources distributed across five 5A scenic spots, covering various business formats [3]. Agricultural Chemical Sector - The agricultural chemical sector is gradually recovering its profitability despite the overall imbalance in supply and demand in the domestic pesticide industry. Factors such as the spring farming season and increased overseas replenishment demand have led to significant price increases for certain niche products. However, the industry is expected to remain in a phase of structural overcapacity, limiting the potential for widespread price hikes [4]. Financial Insights - The company has a high level of cash and loans due to regulatory restrictions on fund transfers within its four public companies, necessitating normal financial planning for daily operations. Future improvements will focus on adjusting the debt structure [5]. - The company invested 2 billion yuan in financial products to generate stable returns from temporarily idle funds. A share buyback was completed in 2024, with future buyback plans to be disclosed as necessary. The transfer of equity in Kaisheng New Materials will not affect this year's consolidated profits but will be included in the consolidated balance sheet's capital reserve [5]. Market Value Management Plan - The company emphasizes market value management, implementing a management system and a valuation enhancement plan for 2025. Strategies include focusing on the healthcare core business, considering mergers and acquisitions, and improving information disclosure quality to enhance operational and developmental quality, ultimately aiming to create long-term value for shareholders [6].

Group 1: Company Overview and Strategy - The company focuses on the health industry, with independent operations in agriculture, new materials, and tourism through three listed subsidiaries [1][2] - Future strategy emphasizes a comprehensive health development model integrating raw materials, formulations, functional skincare, and medical services [2] Group 2: Financial Performance and Projections - The pharmaceutical and healthcare sectors are steadily growing, while the tourism sector shows stable improvement, and the agriculture and new materials sectors are gradually recovering profitability [3][6] - The company reported over 1.3 billion CNY in revenue for the first half of 2025, marking a 20% increase compared to the previous year [5] Group 3: Investment and Financial Management - The company maintains high cash and loan levels due to regulations preventing fund transfers between public companies and normal capital planning for operational needs [3] - 2 billion CNY was allocated for financial products to utilize temporarily idle funds, ensuring stable returns for shareholders [3] Group 4: Market and Product Development - Six new drug products received market approval, including the first generic for psoriasis treatment, enhancing the company's position in the pharmaceutical market [5] - The company is actively expanding its presence in the overseas raw material market and enhancing its skincare product lineup [5] Group 5: Tourism Resources and Development - The tourism business is centered around five major 5A scenic areas, including the Yulong Snow Mountain and the Fairy Mountain National Park, with diverse operational models [6] - The company is committed to enhancing its tourism offerings and improving service quality [6] Group 6: Market Value Management - The company has established a market value management plan, focusing on enhancing operational efficiency, cash dividends, and potential share buybacks to boost investor confidence [7][8] - The 2025 valuation enhancement plan includes strategies for improving management and operational quality [8]

证券代码：002004 证券简称：华邦健康 公告编号：2025047 华邦生命健康股份有限公司 关于参加重庆辖区2025年投资者网上集体接待日 暨半年度业绩说明会活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 为加强上市公司与投资者之间的沟通交流，促进上市公司进一步做好投资者 关系管理工作，华邦生命健康股份有限公司（以下简称"华邦健康"）将参加在 重庆证监局指导下、由重庆上市公司协会联合深圳市全景网络有限公司举办的 "重庆辖区 2025 年投资者网上集体接待日暨半年度业绩说明会活动"。 本次活动将于 2025 年 9 月 25 日（星期四）15:00-17:00 举行，投资者可以 登录"全景路演"（http://rs.p5w.net）参与本次活动。 届时，公司相关高级管理人员将参加本次活动，并通过上述网站与投资者进 行"一对多"形式的在线交流，回答投资者关心的问题，欢迎广大投资者积极参 与。 特此公告。 华邦生命健康股份有限公司 董 事 会 2025 年 9 月 19 日 1 ...

Core Points - Huabang Health announced that its wholly-owned subsidiary, Chongqing Huabang Pharmaceutical Co., Ltd., has received the drug registration certificates for two specifications of Mometasone Furoate Cream from the National Medical Products Administration [2] Group 1 - The approval of Mometasone Furoate Cream is a significant milestone for the company, enhancing its product portfolio in the pharmaceutical sector [2] - The registration certificates indicate compliance with regulatory standards, which may facilitate market entry and sales growth for the company [2]

Core Viewpoint - Huabang Health has received approval for the registration of Mometasone Furoate Cream from the National Medical Products Administration, which may enhance its product portfolio and revenue potential [1] Company Summary - Huabang Health's subsidiary, Chongqing Huabang Pharmaceutical Co., Ltd., has obtained two specifications of the drug registration certificate for Mometasone Furoate Cream [1] - As of the latest report, Huabang Health has a market capitalization of 9.3 billion yuan [1] Industry Summary - For the first half of 2025, Huabang Health's revenue composition is as follows: pesticides account for 56.82%, pharmaceuticals for 27.33%, tourism for 8.29%, others for 4.34%, and medical services for 3.21% [1]

Group 1 - The company Huabang Health (002004.SZ) announced that its wholly-owned subsidiary, Chongqing Huabang Pharmaceutical Co., Ltd., has recently received the drug registration certificate from the National Medical Products Administration for two specifications of Mometasone Furoate Cream [1] - Mometasone Furoate Cream is primarily used for the treatment of eczema, neurodermatitis, atopic dermatitis, and pruritus [1]

格隆汇9月16日丨华邦健康(002004.SZ)公布，公司全资子公司重庆华邦制药有限公司（称"华邦制药"） 于近日收到国家药品监督管理局核准签发的关于糠酸莫米松乳膏的两个规格的《药品注册证书》，糠酸 莫米松乳膏主要用于湿疹、神经性皮炎、异位性皮炎及皮肤瘙痒症。 ...

Core Viewpoint - Huabang Health (002004.SZ) announced that its wholly-owned subsidiary, Chongqing Huabang Pharmaceutical Co., Ltd., has received the drug registration certificates for two specifications of Mometasone Furoate Cream from the National Medical Products Administration. The cream is primarily used for eczema, neurodermatitis, atopic dermatitis, and pruritus [1] Group 1 - The drug registration certificates were issued for two specifications of Mometasone Furoate Cream [1] - Mometasone Furoate Cream is indicated for the treatment of eczema, neurodermatitis, atopic dermatitis, and skin itching [1]

Core Viewpoint - Huabang Health's subsidiary Huabang Pharmaceutical has received approval from the National Medical Products Administration for the drug registration certificate of Mometasone Furoate Cream in two specifications, indicating a significant regulatory milestone for the company [1] Company Summary - Huabang Pharmaceutical's Mometasone Furoate Cream is primarily used for treating eczema, neurodermatitis, atopic dermatitis, and pruritus [1] - The drug was registered as a Class 3 chemical generic drug, which is considered equivalent to passing the consistency evaluation [1]