相关上市企业：泰格医药（300347）、华海药业（600521）、海王生物（000078）、山河药辅 （300452）、京新药业（002020）、信立泰（002294）、恒瑞医药（600276）、华润双鹤（600062）、 海正药业（600267）、ST人福（600079）等。 相关企业：合肥智汇医药科技有限公司等。 关键词：仿制药一致性评价的意义、仿制药一致性评价行业相关政策、仿制药一致性评价行业产业链、 化学仿制药市场规模及在整体药品和化学药规模中占比、仿制药参比制剂纳入品种数、过评/视同过评 的药品批文数、过评/视同过评仿制药品种数量、过评/视同过评的仿制药产品及委托生产占比、仿制药 一致性评价行业发展趋势 一、仿制药一致性评价行业概述 内容概况：近年来，政策因素持续深刻影响着我国仿制药行业的发展格局。药品上市许可持有人制度、 药品专利纠纷早期解决机制等政策的落实与完善，进一步优化了行业生态，推动了竞争格局的重塑。 2024年，我国过评/视同过评的仿制药产品数量达2998个，较2023年增加1008个，同比增长50.65%，呈 现逐年增长的趋势自药品上市许可持有人制度试点并全面实施以来，委托生产逐渐成为 ...

内容概要：随着我国人口老龄化进程日益加剧，心脑血管疾病高发人群数量也不断增加，高血压、高血 脂等基础慢性疾病患病率持续攀升，带动心脑血管药物市场需求不断增加，与此同时，随着居民健康意 识不断增强，对心脑血管疾病早筛早治的重视程度显著提升，用药干预周期显著前移，进一步拓宽了心 脑血管药物的适用人群边界，此外，医保政策对心脑血管药物的覆盖范围与保障力度持续加大，有效提 升患者用药可及性，持续释放临床刚性用药需求，但另一方面，随着药品集中带量采购常态化推进，心 脑血管药物价格进入下行通道，行业整体市场规模随之承压收缩，据统计，2025 年我国心脑血管中成 药市场规模已回落至 954.1 亿元，心脑血管化学药市场规模则降至 1415.8 亿元。 相关上市企业：华润医药（03320.HK）、康方生物（09926.HK）、信达生物（01801.HK）、石药集团 （01093.HK）、信立泰（002294）、以岭药业（002603）、恒瑞医药（600276）、步长制药 （603858）、上海医药（601607）、同仁堂（600085） 方管理的通知》《关于完善医药集中带量采购和执行工作机制的通知》《关于加快推进中医优势专科 ...

智通财经获悉，1月22日，由中欧基金葛兰与赵磊共同管理的中欧医疗健康混合披露2025年四季报。截至2025年12 月末，葛兰旗下在管基金总规模由去年三季度末的435.44亿元降至353.89亿元。目前，葛兰在管3只公募基金，分 别是中欧医疗健康、中欧医疗创新、中欧明睿新起点混合，其中规模最大的产品是中欧医疗健康。报告期内，中 欧医疗健康混合基金A类份额净值增长率为-14.81%，同期业绩比较基准收益率为-8.21%；基金C 类份额净值增长 率为-14.98%，同期业绩比较基准收益率为-8.21%。 持仓方面，中欧医疗健康的前十大重仓股依次为：药明康德(603259.SH)、恒瑞医药(600276.SH)、康龙化成 (300759.SZ)、泰格医药(300347.SZ)、百利天恒(688506.SH)、凯莱英(002821.SZ)、信立泰(002294.SZ)、海思科 (002653.SZ)、科伦药业(002422.SZ)、百济神州-U(688235.SH)。其中，海思科、泰格医药获增持，科伦药业、信立 泰等多只个股遭减仓。 | | | ○ 中欧医疗健康混合A 2025年4季度股票投资明细 | | | | | ...

1月22日，由中欧基金葛兰与赵磊共同管理的中欧医疗健康混合披露2025年四季报。截至2025年12月末，葛兰旗下 在管基金总规模由去年三季度末的435.44亿元降至353.89亿元。目前，葛兰在管3只公募基金，分别是中欧医疗健 康、中欧医疗创新、中欧明睿新起点混合，其中规模最大的产品是中欧医疗健康。报告期内，中欧医疗健康混合 基金A类份额净值增长率为-14.81%，同期业绩比较基准收益率为-8.21%；基金C 类份额净值增长率为-14.98%，同 期业绩比较基准收益率为-8.21%。 持仓方面，中欧医疗健康的前十大重仓股依次为：药明康德(603259.SH)、恒瑞医药(600276.SH)、康龙化成 (300759.SZ)、泰格医药(300347.SZ)、百利天恒(688506.SH)、凯莱英(002821.SZ)、信立泰(002294.SZ)、海思科 (002653.SZ)、科伦药业(002422.SZ)、百济神州-U(688235.SH)。其中，海思科、泰格医药获增持，科伦药业、信立 泰等多只个股遭减仓。 | | | ○ 中欧医疗健康混合A 2025年4季度股票投资明细 | | | | | 来源:天天基金 ...

Group 1 - The A-share market saw a significant decline in innovative drug concept stocks, with notable drops including Aidi Pharmaceutical down over 11% and Yifang Bio down over 5% [1] - Other companies such as Xingqi Pharmaceutical, Zhenbaodao, and Dize Pharmaceutical experienced declines of over 4%, while Rongchang Bio, Hanshang Group, Yuekang Pharmaceutical, Xinlitai, Haishike, Shanghai Yizhong, and Kanghong Pharmaceutical fell by over 3% [1] Group 2 - Aidi Pharmaceutical (688488) reported a decline of 11.33%, with a total market value of 7.835 billion and a year-to-date increase of 14.02% [2] - Yifang Bio (688382) decreased by 5.99%, with a market capitalization of 15 billion and a year-to-date decline of 4.99% [2] - Xingqi Pharmaceutical (300573) fell by 4.82%, with a market value of 19.4 billion and a year-to-date increase of 12.01% [2] - Zhenbaodao (603567) dropped by 4.74%, with a market capitalization of 7.951 billion and a year-to-date decline of 5.38% [2] - Dize Pharmaceutical (688192) decreased by 4.19%, with a market value of 27.5 billion and a year-to-date increase of 2.78% [2] - Rongchang Bio (688331) fell by 3.98%, with a market capitalization of 56.1 billion and a year-to-date increase of 27.79% [2] - Hanshang Group (600774) decreased by 3.93%, with a market value of 3.101 billion and a year-to-date increase of 14.99% [2] - Yuekang Pharmaceutical (688658) dropped by 3.84%, with a market capitalization of 12 billion and a year-to-date increase of 18.40% [2] - Xinlitai (002294) fell by 3.32%, with a market value of 55.5 billion and a year-to-date increase of 0.48% [2] - Haishike (002653) decreased by 3.23%, with a market capitalization of 56.1 billion and a year-to-date decline of 2.44% [2] - Shanghai Yizhong (688091) dropped by 3.17%, with a market value of 11.2 billion and a year-to-date increase of 15.60% [2] - Kanghong Pharmaceutical (002773) fell by 3.15%, with a market capitalization of 29.5 billion and a year-to-date increase of 6.81% [2]

Core Viewpoint - The company, Xinlitai (002294), announced plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to advance its global strategy and enhance its international capital operations platform, supporting high-quality development [1] Group 1 - The sixth board meeting of the company is scheduled for January 21, 2026, to review the proposal for issuing H-shares [1] - The specific details of the H-share issuance and listing on the Hong Kong Stock Exchange have not yet been finalized [1]

Group 1: Profit Forecasts - Gan Li Pharmaceutical expects a net profit of 1.1 billion to 1.2 billion yuan for 2025, an increase of 78.96% to 95.23% year-on-year [1] - Astone Technology anticipates a net loss of 40 million to 60 million yuan for 2025, compared to a loss of 25.34 million yuan in the previous year [2] - JinkoSolar forecasts a net loss of 5.9 billion to 6.9 billion yuan for 2025 [6] - Time Space Technology expects a net loss of 235 million to 290 million yuan for 2025 [7] - Phi Li Hua predicts a net profit of 412 million to 472 million yuan for 2025, a year-on-year increase of 31.12% to 50.22% [8] - Southern Precision expects a net profit of 300 million to 370 million yuan for 2025, representing a growth of 1130% to 1417% [10] - Daikin Heavy Industries anticipates a net profit of 1.05 billion to 1.2 billion yuan for 2025, an increase of 121.58% to 153.23% [11] - Qianfang Technology expects a net profit of 250 million to 320 million yuan for 2025, recovering from a loss of 1.193 billion yuan in the previous year [18] - Bohai Leasing forecasts a net loss of 250 million to 500 million yuan for 2025, with a significant goodwill impairment loss expected [13] - Qujiang Cultural Tourism anticipates a net loss of 130 million to 165 million yuan for 2025 [31] Group 2: Corporate Announcements - Hualan Biological Engineering received approval for clinical trials of its recombinant shingles vaccine [3] - Baishan Nonferrous Metals announced the resignation of its chairman, Wang Pugong, due to work changes [4] - Binhai Energy plans to invest approximately 548 million yuan in two projects related to porous carbon and silicon-carbon anode materials [15] - Nankai Group signed a 296 million yuan equipment sales contract with Inner Mongolia Xijin Mining Co., Ltd. [16] - Tianhua New Energy is planning to issue H-shares and list on the Hong Kong Stock Exchange [12] - Xinneng Technology is also planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [28] - Lu Wei Optoelectronics intends to raise no more than 1.38 billion yuan through a private placement [26]

Group 1 - China and the US are expected to hold another round of trade negotiations, emphasizing the need to implement the consensus reached by the two countries' leaders [2][24] - The Chinese government expressed serious concerns over the EU's new cybersecurity policy, which aims to exclude Chinese companies from the European mobile communication network, arguing that Chinese enterprises have contributed positively to the European telecom industry [3][25] - French President Macron's statement at Davos highlighted the need for more Chinese direct investment in Europe, with China emphasizing its commitment to mutual benefits and not pursuing trade surpluses [4][26] Group 2 - The Ministry of Housing and Urban-Rural Development plans to implement urban renewal actions to promote high-quality development in the real estate sector, aiming to create modern, livable cities [7][28] - The Ministry of Industry and Information Technology reported significant growth in emerging industries, with industrial robot production increasing by 28% and the AI core industry expected to exceed 1.2 trillion yuan [8][29] - The National Taxation Bureau of Shanghai imposed a fine of 100,000 yuan on Pinduoduo for failing to report tax-related information as required [15][37] Group 3 - Moore Threads released its first performance forecast post-IPO, expecting revenue between 1.45 billion and 1.52 billion yuan for 2025, representing a growth of 230.70% to 246.67% year-on-year [16][38] - The financial reports from various companies indicate a mixed outlook, with some expecting significant profit increases while others anticipate losses, reflecting the diverse performance across sectors [20][44]

Core Viewpoint - The company plans to issue overseas shares (H-shares) and apply for listing on the main board of the Hong Kong Stock Exchange to advance its global strategy and support high-quality development [1] Group 1 - The company aims to enhance its international capital operation platform [1] - The issuance will consider the interests of existing shareholders and the conditions of domestic and international capital markets [1] - The company intends to complete the issuance and listing at an opportune time within the validity period of the shareholders' meeting resolution [1]

Core Viewpoint - The company, Xinlitai (002294.SZ), announced a change in the use of raised funds for its clinical research projects, reallocating part of the funds from one project to another while ensuring the original project continues [1] Group 1: Fund Allocation Changes - The company plans to change the use of part of the raised funds from the "S086 Sacubitril/Valsartan Calcium China II/III Phase Clinical Research and Market Registration Project" to a new project focused on "Innovative Hypertension Drugs II/III Phase Clinical Research and Market Registration Project" [1] - The total investment for the new project is set at 525.71 million yuan, with 301 million yuan coming from the raised funds, accounting for 15.58% of the total raised funds [1] - The company will cover any shortfall in funding for the new project with its own funds [1] Group 2: Project Timeline Adjustments - Despite the changes in fund allocation, the S086 project will continue to be implemented, with the company also planning to adjust the expected completion date of the S086 project to March 2028 [1]