证券代码:300463 证券简称:迈克生物 公告编号:2025-041 | 产品名称 | 注册证书 | 注册 | | | 注册证有效期 | | 预期用途 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 编号 | 类别 | | | | | | | | 人 ABO 血型反定 | | | | | | | 本品用于人 ABO | 血型的反定型 | | | 国械注准 | | 2025 | 年 | 5 月 | 29 日至 | 检测，检测被检者血浆中有无相 | | | 型用红细胞试剂 | 20253401038 | Ⅲ | 2030 | 年 | 月 5 | 日 28 | 应的抗 或抗 A B | 抗体，辅助正 | | 盒 | | | | | | | 定型结果判断 ABO | 血型。 | 二、对公司的影响 人ABO血型反定型用红细胞试剂盒主要用于人ABO血型的反定型检测，系公司血型平台 新试剂产品；新产品取得注册证进一步丰富了公司产品项目菜单，有助于提升公司市场综合竞 争力，对市场的拓展以及公司未来的经营将产生积极影响。 三、风险提示 上述注册证 ...

Core Viewpoint - The company, Maike Biological, is experiencing a significant decline in revenue and net profit, with a high price-to-earnings (PE) ratio compared to the industry average, indicating potential overvaluation in the current market context [1][2][3]. Company Summary - Maike Biological's main business involves the research, production, sales, and related services of in vitro diagnostic products, with a wide range of testing reagents for various medical conditions [2]. - For Q1 2025, the company reported a revenue of 510 million yuan, a year-on-year decrease of 17.22%, and a net profit of 23.98 million yuan, down 80.09% year-on-year, with a gross profit margin of 56.76% [2]. Industry Summary - The average PE ratio for the medical device industry is 50.80, with a median of 36.71, while Maike Biological's PE ratio stands at 241.62, ranking it 118th in the industry [1][3]. - The total market capitalization of Maike Biological is 7.331 billion yuan [1][3].

Core Viewpoint - The company is undergoing a strategic transition, facing revenue decline and profit pressure due to market adjustments and policy changes, while focusing on enhancing its own product development and reducing reliance on agency products [1][4]. Group 1: Financial Performance - In 2024, the company achieved revenue of 2.549 billion (-11.98%) and a net profit of 127 million (-59.44%), with Q4 revenue at 601 million (-12.0%) and a net loss of 155 million [1]. - For Q1 2025, revenue was 510 million (-17.22%) and net profit was 24 million (-80.09%) [1]. - The company recorded a goodwill impairment loss of 94 million in 2024 [1]. Group 2: Product and Market Strategy - The company is focusing on the separation of agency business and enhancing its own product lines, with direct sales revenue decreasing from 50.78% to 32.61% over the past five years, while self-developed product revenue increased from 50.03% to 75.07% [1]. - In 2024, agency product revenue was 612 million (-37.64%), while self-developed product revenue was 1.913 billion (+1.75%) [2]. - The company installed 346 production lines in 2024, totaling 891, with significant contributions from immunoassay and biochemical lines [2]. Group 3: Gross Margin and Cost Management - The overall gross margin for 2024 was 55.1% (-0.2pp), with a decline in self-developed product margins by approximately 4.77pp [3]. - Sales expenses decreased slightly by about 1%, with a sales expense ratio of 25.4% (+2.9pp), while management expenses decreased by about 10% [3]. - The company maintained a research and development expense ratio of 12.7% (+1.5pp), emphasizing the importance of R&D investment [3]. Group 4: Investment Outlook - Due to the impact of centralized procurement policies and the ongoing strategic transition, the profit forecasts for 2025-2026 have been lowered, with new projections for 2027 introduced [4]. - Expected net profits for 2025-2027 are 273 million, 354 million, and 424 million, with year-on-year growth rates of 115.2%, 29.7%, and 19.8% respectively [4]. - The company is focusing on nine major platforms, promoting smart laboratory solutions and expanding into overseas markets, with the effects of agency business separation and strategic adjustments expected to materialize [4].

Investment Rating - The investment rating for the company is "Outperform the Market" [7][26]. Core Views - The company is undergoing a strategic transformation, focusing on the separation of agency business and enhancing its own product development, which is reflected in the increase of self-developed product revenue from 50.03% to 75.07% over the past five years [2][10]. - The company is currently facing performance pressure due to market adjustments and the implementation of centralized procurement policies, with a projected revenue of 2.549 billion in 2024, down 11.98%, and a net profit of 127 million, down 59.44% [2][10]. - The company is making significant progress in the deployment of intelligent laboratory solutions and has seen a 59.21% increase in overseas revenue, reaching 162 million in 2024 [3][21]. Financial Performance Summary - In 2024, the company achieved a total revenue of 2.549 billion (down 11.98%) and a net profit of 127 million (down 59.44%), with a projected revenue of 2.616 billion in 2025 [6][10]. - The gross margin for 2024 was 55.1%, with a slight decrease of 0.2 percentage points, while the gross margin is expected to recover to 56.8% in Q1 2025 [4][22]. - The company’s operating cash flow remained robust, with a net cash flow of 638 million in 2024, despite a 29.70% decrease [24]. Revenue Breakdown - In 2024, the company’s revenue from agency products was 612 million (down 37.64%), while self-developed product revenue was 1.913 billion (up 1.75%) [3][16]. - The revenue from immunological reagents was 1.029 billion (up 8.04%), biochemical reagents was 499 million (down 13.53%), and clinical testing reagents was 214 million (up 21.77%) [3][16]. Future Earnings Forecast - The company has revised its earnings forecast for 2025-2026 downwards due to the impact of centralized procurement policies, with expected net profits of 273 million and 354 million for 2025 and 2026, respectively [4][26]. - The projected earnings per share (EPS) for 2025-2027 are 0.45, 0.58, and 0.69 yuan, with corresponding price-to-earnings ratios (PE) of 26, 20, and 17 times [4][26].

Group 1 - The core viewpoint of the news highlights that Maike Biological's stock closed at 11.55 yuan, down 1.70%, with a rolling PE ratio of 233.14 times, and a total market value of 7.074 billion yuan [1] - The average PE ratio for the medical device industry is 48.92 times, with a median of 35.68 times, placing Maike Biological at the 118th position in the industry ranking [1][3] - As of March 31, 2025, the number of shareholders for Maike Biological is 35,022, a decrease of 1,242 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - Maike Biological Co., Ltd. specializes in the research, production, sales, and related services of in vitro diagnostic products, with a wide range of testing reagents for various medical conditions [2] - The latest quarterly report for Q1 2025 shows that the company achieved an operating revenue of 510 million yuan, a year-on-year decrease of 17.22%, and a net profit of 23.98 million yuan, down 80.09% year-on-year, with a gross profit margin of 56.76% [2]

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of the company, Maike Biological, within the medical device industry [1][2] - As of May 22, the company's stock closed at 11.7 yuan, down 1.68%, with a rolling PE ratio of 236.17 times and a total market capitalization of 7.166 billion yuan [1] - The average PE ratio for the medical device industry is 48.71 times, with a median of 35.37 times, placing Maike Biological at the 118th position in the industry ranking [1][2] Group 2 - For the first quarter of 2025, the company reported an operating revenue of 510 million yuan, a year-on-year decrease of 17.22%, and a net profit of 23.98 million yuan, down 80.09% year-on-year [2] - The company's sales gross margin stands at 56.76% [2] - The company specializes in the research, production, sales, and related services of in vitro diagnostic products, with a wide range of testing reagents for various medical conditions [1]

证券代码:300463 证券简称:迈克生物 公告编号:2025-040 2、因公司回购专用证券账户中持有的 3,958,000 股不参与本次权益分派，本次权益分派实 施后，根据股票市值不变原则，实施权益分派前后公司总股本保持不变，现金分红总额分摊到 每一股的比例将减小。本次权益分派实施后，按公司总股本折算每 10 股现金分红为=现金分 红总额/总股本*10 股=（63,285,205.36 元/612,469,590 股）*10 股=1.033279 元（保留六位小数， 最后一位直接截取，不四舍五入）。 3、本次权益分派实施后，除权除息参考价格=股权登记日收盘价-0.1033279 元/股。 一、股东大会审议通过权益分派方案的情况 1、公司 2024 年年度股东大会审议通过 2024 年年度权益分派预案 迈克生物股份有限公司 2024 年年度权益分派实施公告 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，没有虚假记载、误导性 陈述或者重大遗漏。 重要内容提示： 1、截至本公告日，迈克生物股份有限公司（以下简称"公司"）回购专用证券账户中持有 的股份 3,958,000 股不参与本次权益分派，本次权益分 ...

证券代码:300463 证券简称:迈克生物 公告编号:2025-039 迈克生物股份有限公司 2024 年年度股东大会决议公告 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，没有虚假记载、误导性 陈述或者重大遗漏。 特别提示： 一、会议的召开和出席情况 迈克生物股份有限公司（以下简称："公司"）2024 年年度股东大会于 2025 年 5 月 19 日 （星期一）在公司会议室以现场投票和网络投票相结合的方式召开。会议通知于 2025 年 4 月 29 日以公告形式发出。通过深圳证券交易所系统进行网络投票的具体时间为：2025 年 5 月 19 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券交易所互联网投票系统投票的 具体时间为：2025 年 5 月 19 日 9:15-15:00 期间的任意时间。 本次股东大会由公司董事会召集，董事长唐勇先生主持本次会议。公司全部董事、监事出 席了本次会议；公司全部高级管理人员列席了本次会议。上海市锦天城律师事务所委派张灵芝、 朱憬律师见证了本次会议并出具法律意见书。本次会议的召集、召开与表决程序符合法律、行 政法规、部门 ...

上海市锦天城律师事务所 关于迈克生物股份有限公司 2024 年年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于迈克生物股份有限公司 2024 年年度股东大会的 法律意见书 致：迈克生物股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受迈克生物股份有限公司 （以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下简称"本 次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简称《公司 法》）、《上市公司股东会规则》等法律、法规、规章和其他规范性文件以及《迈 克生物股份有限公司章程》（以下简称《公司章程》）的有关规定，出具本法律 意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事 项进行了必要的核查和验证，核查了本所认为出 ...

Group 1 - The core viewpoint of the news is that Maike Biological's stock performance and financial metrics indicate a significant decline in revenue and profit, alongside a high price-to-earnings (PE) ratio compared to industry averages [1][2][3] Group 2 - As of May 16, Maike Biological's stock closed at 12.07 yuan, with a PE ratio of 243.63, marking a new low in 28 days and a total market capitalization of 7.393 billion yuan [1] - The average PE ratio in the medical device industry is 49.40, with a median of 36.13, placing Maike Biological at the 117th position in the industry ranking [1][3] - For the first quarter of 2025, the company reported a revenue of 510 million yuan, a year-on-year decrease of 17.22%, and a net profit of 23.98 million yuan, down 80.09% year-on-year, with a gross margin of 56.76% [2]