证券代码：002038 股票简称：双鹭药业 公告编号：2023-013 北京双鹭药业股份有限公司 关于举行2022年年度报告网上业绩说明会的通知 二〇二三年四月二十六日 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或者重大遗漏。 北京双鹭药业股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日披露了 《2022 年年度报告》及《2022 年年度报告摘要》。为建立与投资者良好的沟通机制，使广 大投资者进一步了解公司财务状况、经营情况和未来发展规划，公司定于 2023 年 5 月 12 日（周五）15:00-17:00 在全景网举办 2022 年度业绩说明会，本次年度业绩说明会将采用 网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台"（http://ir.p5w.net）在 线参与本次年度业绩说明会。 （问题征集专题页面二维码） 北京双鹭药业股份有限公司董事会 出席本次网上业绩说明会的人员有：公司董事长兼总经理徐明波先生、独立董事钱令 嘉女士及程隆云女士、董事兼董事会秘书梁淑洁女士、财务负责人冀莉女士。 为充分尊重投资者、提升交流的针对性，现就公司 ...

Group 1: Regulatory and Industry Overview - The self-inspection initiative by the National Medical Products Administration (NMPA) on July 22, 2015, is significant, involving nearly half of the listed pharmaceutical companies in China, which will enhance industry self-regulation [1] - This self-inspection may lead to the exit of non-compliant companies, thereby reducing the pressure on drug approvals and improving overall clinical research quality [2] Group 2: Sales and Marketing Strategies - The company has completed the integration of its sales system in the first half of 2015 and is currently redefining regions and expanding its team [2] - The company is collaborating with excellent marketing teams, including a stake in Shanghai Xinzong Pharmaceutical, to enhance the promotion of its products in hematology and cardiovascular fields [2] Group 3: Financial Performance and Market Challenges - The company faced challenges due to strict medical insurance cost control measures, which have impacted sales of some major products [2] - Notable sales performance was observed in arsenic trioxide, while gene-engineered products continued to grow steadily [2] - The company anticipates good market opportunities for products like Xingling Decoction due to improved quality standards [2] Group 4: Shareholder Actions - The major shareholder and executives' shareholding increase plan is currently on hold due to the need for time to raise funds, with implementation dependent on the disclosure of regular reports [2]

编号：2016-006 证券代码：002038 证券简称：双鹭药业 北京双鹭药业股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|----------------------------------------------|--------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | □ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | √ 路演活动 | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称 | And Markets、First State Stewart ( | The Hongkong and Shanghai Banking Corporation (HSBC) Global Banking 首盈投资)、 ...

Financial Performance - The company's revenue for Q3 2022 was ¥272,756,275.72, representing a decrease of 5.57% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥72,620,881.01, down 45.97% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥46,640,311.27, a decrease of 39.43% compared to the previous year[7]. - Total operating revenue for the period was RMB 826,971,410.27, a decrease of 9.5% compared to RMB 913,380,348.89 in the previous period[25]. - The net profit for the current period is 234,860,671.21, a decrease from 432,602,879.45 in the previous period, representing a decline of approximately 45.6%[29]. - The total profit for the current period is 249,916,261.73, compared to 478,412,041.11 in the previous period, indicating a decrease of about 47.8%[29]. - The operating profit for the current period is 249,910,918.77, down from 478,426,850.91, reflecting a decline of approximately 47.8%[29]. - The total comprehensive income for the current period is 236,420,702.77, compared to 428,017,810.54 in the previous period, indicating a decline of approximately 44.8%[31]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥272,519,850.78, which decreased by 3.18% year-to-date[7]. - The cash flow from operating activities for the current period is 272,519,850.78, slightly down from 281,481,980.56 in the previous period, a decrease of about 3.4%[32]. - The cash flow from investment activities shows a net outflow of -88,191,009.75, compared to -89,267,194.02 in the previous period, indicating a slight improvement[34]. - The cash and cash equivalents increased to RMB 914,681,207.53 from RMB 827,837,220.81, showing improved liquidity[18]. - The cash and cash equivalents at the end of the period amount to 861,956,138.12, an increase from 709,926,217.46 at the end of the previous period, representing a growth of approximately 21.4%[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,886,266,765.85, an increase of 2.18% from the end of the previous year[7]. - Total assets reached RMB 5,886,266,765.85, up from RMB 5,760,463,945.50, indicating growth in the asset base[21]. - The total liabilities decreased slightly to RMB 426,128,684.50 from RMB 434,234,069.90, reflecting effective debt management[24]. - The equity attributable to shareholders increased to RMB 5,448,271,015.01 from RMB 5,311,497,706.49, demonstrating a positive trend in shareholder value[24]. Shareholder Information - The company had a total of 55,288 common shareholders at the end of the reporting period[14]. - Major shareholder Xu Mingbo held 22.63% of the shares, while Xinxing Bailu Investment Group Co., Ltd. held 16.63%[14]. - The number of shares held by the top ten shareholders totaled 5,550,100 shares, with significant holdings by major stakeholders[17]. Strategic Focus - The decline in revenue and net profit was attributed to changes in the fair value of other non-current financial assets and the impact of the pandemic[12]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[20]. Investment and Expenses - Research and development expenses were RMB 97,002,245.20, a decrease of 19.6% from RMB 120,662,330.57 in the previous period, indicating a focus on cost efficiency[25]. - The company reported an investment income of RMB 51,030,248.52, down from RMB 81,838,595.58, suggesting a need for strategic review of investment activities[25]. - The investment income received in cash for the current period is 38,308,680.35, down from 64,046,797.80 in the previous period, a decrease of approximately 40.3%[34]. Earnings Per Share - The basic and diluted earnings per share for the current period are both 0.2316, down from 0.4243 in the previous period, reflecting a decrease of about 45.5%[31]. Foreign Exchange Impact - The company reported a foreign exchange loss of -4,585,068.91 in the previous period, while the current period shows a gain of 1,328,661.46, indicating a significant turnaround[30].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[18]. - Net profit attributable to shareholders reached RMB 300 million, up 20% compared to the same period last year[18]. - The company's operating revenue for the reporting period was ¥554,215,134.55, a decrease of 11.26% compared to ¥624,528,861.78 in the same period last year[25]. - Net profit attributable to shareholders was ¥165,327,395.95, down 45.17% from ¥301,542,569.42 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥141,441,380.82, a decrease of 5.11% compared to ¥149,052,585.63 in the previous year[25]. - The net cash flow from operating activities was ¥175,663,138.41, down 10.61% from ¥196,523,548.28 in the same period last year[25]. - Basic and diluted earnings per share were both ¥0.1609, reflecting a decline of 45.18% from ¥0.2935 year-on-year[25]. - The company achieved operating revenue of ¥554,215,134.55, a decrease of 11.26% year-on-year[42]. - The net profit attributable to shareholders was ¥165,327,395.95, down 45.17% compared to the previous year[42]. - The net profit excluding non-recurring gains and losses was ¥141,441,380.82, a decline of 5.11% year-on-year[42]. - The company’s cash flow from operating activities was ¥175,663,138.41, down 10.61% year-on-year[42]. - The total comprehensive income attributable to the parent company for the first half of 2022 was approximately ¥165.03 million, compared to ¥294.84 million in the same period of 2021[182]. Research and Development - The company plans to invest RMB 200 million in R&D for new drug development in the upcoming year, focusing on innovative therapies[18]. - The company continues to focus on research and development in gene engineering and related pharmaceuticals, with no significant changes in its main business operations during the reporting period[35]. - The company plans to increase the proportion of innovative drug development and services while expanding its investment in high-quality targets in the pharmaceutical health sector[36]. - The company’s R&D investment was ¥139,633,242.21, a decrease of 20.37% compared to the previous year[47]. - The company is actively managing risks associated with R&D, particularly for innovative drugs, to mitigate uncertainties in clinical trial progress and regulatory changes[76]. Market Expansion and Strategy - User data indicates a 25% increase in the number of active patients using the company's products, reaching 500,000 by June 2022[18]. - The company has expanded its market presence in Southeast Asia, achieving a 30% growth in sales in that region[18]. - A new product line is set to launch in Q4 2022, expected to contribute an additional RMB 150 million in revenue[18]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[18]. - The company plans to enhance its international market competitiveness with the launch of new gene-engineered drugs and specialty new drugs[40]. - The sales model includes a combination of direct sales and distribution, with a focus on expanding market share in grassroots medical institutions[40]. - The company is adapting its marketing strategy to changes in centralized procurement and medical insurance payment models[40]. Regulatory and Operational Challenges - The company faces regulatory challenges that may impact its product approval timelines, which are being actively managed[5]. - The implementation of centralized drug procurement is expected to increase competition and pressure profit margins, necessitating a focus on unique and high-barrier products[75]. - The company faced challenges from the ongoing pandemic, which may impact hospital operations and product sales, highlighting the need for adaptive strategies[74]. Shareholder and Equity Information - The company reported a total of 1,027,350,000 shares outstanding, with 82.87% being unrestricted shares[138]. - The largest shareholder is Xu Mingbo, holding 22.63% of shares, with 232,456,307 shares[145]. - The second largest shareholder is Xinxiang Bailu Investment Group Co., Ltd., holding 16.63% of shares, with 170,889,003 shares[145]. - The total number of common shareholders at the end of the reporting period is 55,921[145]. - The top ten shareholders do not have any related party relationships among themselves[145]. Corporate Governance and Social Responsibility - The company plans to enhance its management capabilities to align with its growth, ensuring effective governance and operational efficiency[77]. - The company actively fulfilled its social responsibilities by donating epidemic prevention and medical equipment during the pandemic[94]. - The company has established comprehensive wastewater treatment facilities and online monitoring systems for water quality and VOC emissions, which are operating stably[87]. Legal and Arbitration Matters - The company reported a total of 22.96 million CNY in arbitration awards, requiring payment to Cavendish for contract fees and related costs[107]. - The company has filed for the annulment of two arbitration awards totaling 22.96 million CNY, claiming procedural violations and reliance on false evidence[107]. - The company is pursuing 6 million CNY in damages from Cavendish for breach of contract regarding the exclusive transfer of Apixaban and Rivaroxaban[107]. - The arbitration awards are currently in a state of suspension, pending judicial review by the Nanjing Intermediate People's Court[107]. - The company has initiated civil lawsuits against Cavendish for alleged breaches of exclusive agreements related to Apixaban and Rivaroxaban, each seeking 6 million CNY in damages[107].

Revenue and Profit Growth - Revenue and net profit both increased by over 10% in 2021, with multiple products entering IPO preparation stages and one company (Shouyao Holdings) submitting an IPO application[83] Product Sales Performance - Key products with sales exceeding 100 million RMB include Temozolomide Capsules (263 million RMB, up 109.18%), Human Alkaline Fibroblast Growth Factor (144 million RMB, up 45.83%), and Human Granulocyte Colony-Stimulating Factor (132 million RMB, up 6.48%)[89] - Anti-tumor and immunomodulatory products generated 733.74 million RMB in revenue, a 25.28% year-on-year increase, with Temozolomide, Liqisu, and Lenalidomide each exceeding 100 million RMB in sales[90] - Temozolomide Capsules accounted for 22.09% of total sales, making it the company's top-selling product[91] - Trauma repair products, including Human Fibroblast Growth Factor, achieved 144.46 million RMB in revenue, a 45.83% increase, contributing 12.11% to total sales[92] - Cardiovascular system drugs generated 115.49 million RMB in revenue, a 50.62% decline, primarily due to the removal of Compound Coenzyme from provincial medical insurance directories[95] Research and Development Progress - The company obtained production and clinical approvals for multiple products, including Rivaroxaban, and submitted several national invention patent applications, with two patents authorized[83] - Key R&D projects such as SL216 and SL205 progressed to pilot-scale production and preclinical trials, while SL219 initiated medium-scale research with domestic media and culture medium replacements[85] - The company continued to optimize cell culture and protein purification processes, replacing imported equipment and media with domestic alternatives to control industrial costs[84] Product Registration and Funding - Multiple products, including Dapagliflozin Tablets and Voriconazole Injection, were submitted for registration, and several diabetes treatment drugs received funding support for industrialization[85]

Financial Performance - Revenue for Q1 2022 was CNY 274,551,424.02, an increase of 8.59% compared to CNY 252,832,785.33 in the same period last year[6] - Net profit attributable to shareholders decreased by 31.07% to CNY 63,295,907.68 from CNY 91,830,018.08 year-on-year[6] - Net profit excluding non-recurring gains and losses increased by 10.83% to CNY 73,614,401.47 from CNY 66,422,502.97 in the previous year[6] - Basic and diluted earnings per share were both CNY 0.06, a decrease of 33.33% from CNY 0.09 in the previous year[6] - Total operating revenue for the current period reached ¥274,551,424.02, an increase from ¥252,832,785.33 in the previous period, reflecting a growth of approximately 8.5%[39] - Net profit for the current period was ¥62,249,029.27, compared to ¥89,530,588.26 in the previous period, representing a decline of approximately 30.5%[41] - The total comprehensive income for the current period was ¥62,740,867.75, compared to ¥91,312,574.99 in the previous period, representing a decline of approximately 31.3%[45] Cash Flow and Assets - Operating cash flow for the period was CNY 81,984,125.26, up 5.81% from CNY 77,482,058.85 in the same quarter last year[6] - The company's cash and cash equivalents at the end of the first quarter of 2022 amounted to ¥859,910,919.76, an increase from ¥827,837,220.81 at the beginning of the year[29] - The total current assets increased to ¥2,368,782,177.32 from ¥2,297,730,398.98 at the beginning of the year, reflecting a growth of approximately 3.4%[29] - The company's total liabilities decreased to ¥409,030,706.59 from ¥434,234,069.90, a reduction of about 5.8%[38] - The net cash flow from operating activities amounted to $81,984,125.26, an increase from $77,482,058.85 in the previous period[48] - The ending balance of cash and cash equivalents was $813,491,660.55, slightly up from $812,366,498.58[51] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 55,306[20] - The largest shareholder, Xu Mingbo, holds 22.63% of the shares, totaling 232,456,307 shares[20] - The second largest shareholder, Xinxiang Bailu Investment Group Co., Ltd., holds 16.67% of the shares, totaling 171,216,272 shares[20] Investments and Expenses - Research and development expenses for the current period were ¥37,264,321.08, down from ¥45,726,838.61, indicating a decrease of about 18.6%[39] - The company reported investment income of ¥16,917,242.02, a decrease from ¥24,280,027.99 in the previous period, reflecting a decline of approximately 30.1%[42] Other Financial Metrics - Total assets at the end of the reporting period were CNY 5,797,919,333.17, reflecting a 0.65% increase from CNY 5,760,463,945.50 at the end of the previous year[6] - Shareholders' equity attributable to the parent company increased by 1.17% to CNY 5,373,741,301.78 from CNY 5,311,497,706.49 at the end of the previous year[6] - The company's accounts receivable decreased to ¥335,861,538.53 from ¥345,833,195.76, indicating a decline of about 2.8%[29] - The inventory increased to ¥148,198,164.74 from ¥124,831,537.76, representing a growth of approximately 18.7%[29] - The company's long-term equity investments increased slightly to ¥900,698,281.10 from ¥899,466,656.57[31] Impact of External Factors - The decline in net profit was attributed to significant changes in the fair value of other non-current financial assets held by the company[18] - The company anticipates potential impacts on product sales and clinical trials due to ongoing pandemic control measures, which may adversely affect performance[25]

Revenue and Profit - Revenue for Q3 2021 was ¥288,851,487.11, a decrease of 5.38% compared to the same period last year[6] - Net profit attributable to shareholders for Q3 2021 was ¥134,398,018.19, an increase of 26.25% year-over-year[6] - Net profit excluding non-recurring gains and losses for the year-to-date was ¥226,054,067.90, reflecting a growth of 51.40% compared to the previous year[6] - The basic earnings per share for Q3 2021 was ¥0.1308, up 26.13% from the same period last year[6] - Net profit for the current period was ¥432,602,879.45, up 43.1% from ¥302,211,357.14 in the previous period[33] - Earnings per share (EPS) for the current period was ¥0.4243, up from ¥0.2952 in the previous period, representing a growth of 43.6%[36] - The total comprehensive income for the current period was ¥428,017,810.54, compared to ¥308,351,409.63 in the previous period, marking a growth of 38.8%[33] Assets and Liabilities - Total assets as of the end of Q3 2021 reached ¥5,730,883,415.47, a growth of 6.23% from the end of the previous year[6] - The total assets of the company reached CNY 5,730,883,415.47, up from CNY 5,394,828,767.77, which is an increase of approximately 6.2%[22] - The total liabilities amounted to CNY 411,230,890.18, slightly up from CNY 410,093,857.05, showing a marginal increase of about 0.3%[26] - The company's equity attributable to shareholders increased to CNY 5,303,227,053.09 from CNY 4,974,606,534.39, reflecting a growth of approximately 6.6%[26] Cash Flow - The company reported a net cash flow from operating activities of ¥281,481,980.56 for the year-to-date, an increase of 47.83% compared to the previous year[6] - The company reported a net cash flow from operating activities of ¥281,481,980.56, compared to ¥190,410,390.49 in the previous period, indicating a growth of 47.9%[37] - Net cash flow from investing activities was -$89.27 million, a decrease from -$707.48 million in the previous period[40] - The net cash flow from financing activities was -$99.24 million, an improvement from -$207.38 million in the previous period[40] - The ending balance of cash and cash equivalents was $709.93 million, up from $525.11 million in the previous period[40] - Cash and cash equivalents increased by $92.97 million, contrasting with a decrease of $724.99 million in the previous period[40] Research and Development - R&D expenses increased by 53.91% year-over-year, indicating a significant investment in new product development[11] - Research and development expenses increased significantly to ¥120,662,330.57, a rise of 54% compared to ¥78,396,100.53 in the previous period[30] Investment Income - Investment income increased by 40.72% year-over-year, primarily due to dividends received and the disposal of certain investments[11] - The company achieved an investment income of ¥13,053,972.82, an increase from ¥11,615,243.86 in the previous period[30] Inventory and Receivables - Accounts receivable decreased to CNY 373,091,029.55 from CNY 445,861,765.60, indicating a decline of approximately 16.3%[22] - The company’s inventory increased to CNY 124,652,378.02 from CNY 112,032,165.08, representing a growth of approximately 11.3%[22] Other Financial Metrics - The weighted average return on net assets was 2.67%, an increase of 0.48% compared to the previous year[6] - Total operating revenue for the current period reached ¥913,380,348.89, an increase of 8.4% compared to ¥842,436,354.01 in the previous period[30] - Total operating costs decreased to ¥678,622,148.26 from ¥687,611,299.47, reflecting a reduction of 1.3%[30] - Sales expenses decreased to ¥351,462,911.58 from ¥410,376,435.37, a reduction of 14.3%[30] - The company reported a financial expense of -¥12,650,089.38, compared to -¥2,452,373.33 in the previous period, indicating a significant increase in financial costs[30] Audit Status - The company did not undergo an audit for the third quarter report[43]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 15%[22] - The net profit attributable to shareholders was RMB 120 million, up 10% compared to the same period last year[22] - Future guidance estimates a revenue growth of 12% for the second half of 2021, driven by new product launches[22] - The company achieved operating revenue of ¥624,528,861.78, representing a year-on-year increase of 16.26%[29] - Net profit attributable to shareholders reached ¥301,542,569.42, a growth of 53.24% compared to the same period last year[29] - The net profit after deducting non-recurring gains and losses was ¥149,052,585.63, reflecting a significant increase of 74.28% year-on-year[29] - The company reported a net cash flow from operating activities of ¥196,523,548.28, which is a remarkable increase of 226.48% compared to the previous year[29] - Basic and diluted earnings per share both stood at ¥0.2935, up 53.26% from the same period last year[29] - The company reported a significant increase in net cash and cash equivalents by 149.62%, totaling ¥159,642,745.77, due to increased cash from operating and financing activities[59] - The net profit for the period was $297.59 million, an increase of 52.7% compared to $195.04 million in the previous period[200] - The operating profit reached $335.42 million, up from $222.81 million, reflecting a growth of 50.5%[200] Research and Development - The company plans to invest RMB 50 million in R&D for new drug development in the next fiscal year, focusing on innovative therapies[22] - The company continued to invest in R&D, accelerating the launch of new products, including the registration of new drugs like rivaroxaban and dagagliflozin[40] - Research and development investment increased significantly by 140.57%, amounting to ¥175,344,412.59, primarily due to increased investment in R&D projects during the reporting period[59] - The company is focusing on expanding its research and development efforts, as evidenced by the significant increase in R&D expenses[197] - The company is actively pursuing collaborations and partnerships to enhance its research capabilities and accelerate product development timelines[48] - The company has outlined a strategic focus on addressing chronic diseases through its product offerings, which aligns with market demand trends[49] Market Expansion and Strategy - User data indicates a 20% increase in the number of patients using the company's products, reaching 1 million users[22] - The company has expanded its market presence by entering three new provinces, increasing its distribution network by 25%[22] - The company is actively pursuing strategic acquisitions to enhance its product portfolio and market share[22] - The company is focusing on expanding its market presence through the introduction of new formulations and delivery methods for existing drugs, enhancing patient accessibility[48] - The company is actively transforming its marketing strategy to adapt to the centralized procurement model and exploring internet-based drug marketing approaches[54] - The company plans to actively participate in regional procurement to capture market share through competitive pricing strategies[90] Product Development and Innovation - The company is focusing on the development of biologics, with two new products expected to enter clinical trials by the end of 2021[22] - The company reported significant advancements in its product pipeline, including the launch of new drugs such as the recombinant human basic fibroblast growth factor gel, which has received multiple awards and recognition for innovation[46] - The company’s key product temozolomide was successfully included in the national centralized procurement, enhancing its market position[40] - The company’s innovative products, such as the injection of thymosin alpha-1 and the injection of asparaginase, are recognized as high-tech achievements in Beijing, contributing to its market expansion strategy[46] - The company has achieved consistency evaluation for several key products, including the injection of metronidazole, indicating improved market competitiveness and regulatory compliance[49] Financial Health and Assets - Total assets at the end of the reporting period were ¥5,713,073,945.67, an increase of 5.90% from the end of the previous year[29] - The net assets attributable to shareholders amounted to ¥5,272,522,307.03, reflecting a growth of 5.99% year-on-year[29] - The company's total assets as of June 30, 2021, amounted to CNY 5,550,432,494.69, up from CNY 5,281,809,412.65 at the end of 2020, representing a growth of 5.1%[193] - The total equity attributable to shareholders increased to CNY 5,237,938,677.63 from CNY 4,982,398,990.17, reflecting a growth of 5.1%[193] - The company's current assets totaled RMB 2,366,158,581.53 as of June 30, 2021, compared to RMB 2,207,336,742.86 at the end of 2020, indicating an increase of about 7.2%[180] Compliance and Governance - The company has established comprehensive wastewater treatment and air pollution control facilities, ensuring compliance with environmental standards[102] - The company has been actively involved in social responsibility initiatives, including poverty alleviation and healthcare support through charitable foundations[106] - The company has maintained compliance with all commitments made by its major shareholders and controlling parties[113] - The company did not engage in any repurchase transactions during the reporting period among its top ten shareholders[162] - The company has not faced any administrative penalties related to environmental issues during the reporting period[103] Risks and Challenges - The company faces industry policy risks due to the implementation of centralized drug procurement, which is expected to accelerate and expand, impacting pricing strategies[90] - There is a risk of product price reductions as centralized procurement may force companies to adopt a price-for-volume strategy, potentially compressing profit margins[90] - The company acknowledges significant uncertainty in the R&D progress of innovative drugs, influenced by clinical trial timelines and regulatory changes[90] - The management risk is highlighted as the company expands, necessitating updates in management philosophies to ensure healthy growth[90]

Financial Performance - The company's revenue for Q1 2021 was ¥252,832,785.33, representing a 29.88% increase compared to ¥194,660,284.30 in the same period last year[9]. - Net profit attributable to shareholders was ¥91,830,018.08, up 49.12% from ¥61,582,818.21 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥66,422,502.97, reflecting a 55.11% increase from ¥42,821,601.46 in the previous year[9]. - Basic earnings per share were ¥0.09, a 50.00% increase from ¥0.06 year-on-year[9]. - The company's operating revenue and net profit attributable to shareholders increased by 29.88% and 49.12% year-on-year, respectively, due to increased product sales and overall revenue[24]. - The estimated net profit for the first half of 2021 is projected to be between 27,549.24 million and 31,484.85 million, indicating a growth of 40.00% to 60.00% compared to the previous year[31]. - Basic earnings per share are expected to rise to between 0.2681 and 0.3064, representing a growth of 40.00% to 60.00% year-on-year[31]. - The net profit for the current period was ¥89,530,588.26, compared to ¥60,144,865.93 in the previous period, indicating a year-over-year increase of about 48.8%[65]. - The total profit for the current period was ¥104,730,620.64, compared to ¥66,412,925.50 in the previous period, marking an increase of around 57.6%[65]. - The company's basic earnings per share increased to ¥0.09 from ¥0.06, representing a growth of 50%[69]. - The total comprehensive income for the current period was ¥91,312,574.99, compared to ¥66,763,094.26 in the previous period, showing an increase of approximately 36.7%[69]. - The company reported investment income of ¥24,280,027.99, significantly higher than ¥11,951,821.39 from the previous period, indicating a growth of about 102.8%[65]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥77,482,058.85, an 88.39% increase compared to ¥41,129,600.32 in the same period last year[9]. - Cash inflow from operating activities totaled ¥302,881,348.85, compared to ¥295,809,369.17 in the prior period, indicating a year-over-year increase[81]. - Investment activities generated a net cash flow of ¥62,385,695.46, a substantial recovery from a negative cash flow of -¥498,296,947.00 in the prior period[81]. - Cash and cash equivalents at the end of the period were ¥812,366,498.58, compared to ¥802,854,208.15 at the end of the previous period, reflecting a slight increase[83]. - The company reported a net increase in cash and cash equivalents of ¥148,886,514.99, contrasting with a decrease of -¥458,009,564.07 in the previous period[83]. - The company received cash from sales of goods and services amounting to ¥298,111,198.74, compared to ¥289,186,967.26 in the previous period[77]. - Cash outflow for purchasing goods and services was ¥83,817,815.78, down from ¥100,857,004.66 in the prior period, indicating cost management efforts[81]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,515,951,287.61, a 2.25% increase from ¥5,394,828,767.77 at the end of the previous year[9]. - The total liabilities amounted to ¥409,787,784.71, slightly down from ¥410,093,857.05 in the previous period[50]. - Total equity attributable to shareholders of the parent company increased to ¥5,088,699,781.62 from ¥4,974,606,534.39, reflecting a growth of about 2.3%[50]. - The total non-current liabilities decreased to ¥90,550,753.33 from ¥95,118,362.98, a reduction of approximately 4.8%[50]. - The company's cash and cash equivalents increased to 812,366,498.58 yuan from 663,479,983.59 yuan[41]. - The total current assets reached 2,262,115,879.97 yuan, compared to 2,207,336,742.86 yuan in the previous period[41]. - The company holds trading financial assets valued at 151,974,753.16 yuan, down from 173,810,699.93 yuan[41]. - The company's inventory decreased to ¥153,967,470.79 from ¥172,242,746.11, a decline of approximately 10.6%[51]. - The deferred income decreased to ¥15,620,711.78 from ¥19,124,122.83, a reduction of about 18.5%[57]. - The company reported a decrease in other payables to ¥44,795,227.30 from ¥50,488,194.34, a decline of about 11.5%[57]. Research and Development - Research and development expenses grew by 63.12% compared to the same period last year, reflecting the company's intensified R&D efforts, including increased intermediate experiments, material consumption, and clinical research[24]. - Research and development expenses rose to ¥45,726,838.61, up from ¥28,032,869.66, reflecting a significant increase of approximately 63.2%[65]. Other Financial Information - The company received government subsidies totaling ¥4,914,133.26 during the reporting period[9]. - The company reported a fair value change gain of ¥6,707,838.89 from financial assets and derivatives[9]. - The company did not classify any non-recurring gains and losses as recurring during the reporting period[12]. - There were no significant contracts or derivative investments reported during the period[30][32]. - The company's financial expenses showed a notable decrease, with a net financial income of -¥2,908,820.62 compared to ¥10,540,168.18 in the previous period[65]. - The tax expenses for the current period were ¥15,200,032.38, compared to ¥6,268,059.57 in the previous period, indicating an increase of approximately 142.5%[65]. - The company has no overdue or unfulfilled commitments from major shareholders or related parties during the reporting period[25]. - The company has not yet audited the first quarter report, which may impact the reliability of the financial data presented[90].