Core Viewpoint - Longshen Rongfa (300534) demonstrated robust operational performance and growth momentum in the first three quarters of 2025, achieving a revenue of 647 million yuan and a net profit attributable to shareholders of 27.03 million yuan, representing a year-on-year increase of 8.11% [1] Group 1: Financial Performance - The company reported a net profit of 27.03 million yuan, with a year-on-year growth of 8.11%, while the net profit after deducting non-recurring gains and losses reached 28.71 million yuan, marking a significant increase of 31.14% [1] - The overall recovery of the traditional Chinese medicine industry has positively impacted the company's performance, supported by the strengthening competitiveness of its core products and continuous deepening of its industrial layout [1] Group 2: Product Performance - The company's two exclusive products, Yuanhu Zhitong Droplets and Xuanfei Zhiso Mixture, have been key drivers of growth, with Yuanhu Zhitong Droplets ranking 15th in the "Top 20 Brands of Traditional Chinese Medicine Pills in Public Medical Institutions" for H1 2024 and 9th in the "Top 20 Gastrointestinal Products" for Q1 2025 [2] - Xuanfei Zhiso Mixture has solidified its position in the cough relief product segment, ranking 6th in the "Top 20 Brands of Cough and Phlegm Relief Traditional Chinese Medicine" for 2024 and 7th in the "Top 20 Innovative Drug Sales Enterprises (Traditional Chinese Medicine)" at the 90th National Pharmaceutical Trade Fair in 2025 [2] Group 3: Research and Development - The company views innovation as a core driver of sustainable development, continuing to advance secondary development of its main products, including real-world studies for Xuanfei Zhiso Mixture and Yuanhu Zhitong Droplets [3] - The subsidiary, Puan Pharmaceutical, has received clinical trial approval for the modified new drug Bupropion Oral Film and is progressing with the construction and registration of a production line for blood dialysis concentrate [3] - The company is also expanding its health product portfolio, with new offerings such as plant-based beverages and herbal extracts gaining consumer attention and positive feedback [3] Group 4: Future Outlook - Looking ahead to the fourth quarter, the company plans to maintain its focus on traditional Chinese medicine, enhancing market development and research efforts to promote sustainable growth [3]

陇神戎发(300534.SZ)发布2025年三季度报告，该公司前三季度营业收入为6.47亿元，同比减少16.12%。 归属于上市公司股东的净利润为2702.94万元，同比增长8.11%。归属于上市公司股东的扣除非经常性损 益的净利润为2871.34万元，同比增长31.14%。基本每股收益为0.0891元。 ...

Group 1 - Company LongShen RongFa reported Q3 performance with revenue of approximately 647 million yuan, a year-on-year decrease of 16.12% [1] - The net profit attributable to shareholders was approximately 27.03 million yuan, an increase of 8.11% year-on-year [1] - Basic earnings per share were 0.0891 yuan, reflecting an increase of 8.13% year-on-year [1] Group 2 - The market capitalization of LongShen RongFa is currently 3.1 billion yuan [2] - The Chinese innovative drug sector has seen overseas licensing sales reach 80 billion USD this year [2] - There is a contrast in the biopharmaceutical secondary market being active while the primary market faces challenges in fundraising [2]

Core Viewpoint - The company reported a significant decline in revenue for the third quarter, indicating potential challenges in its operational performance [1] Financial Performance - The third quarter revenue was 151 million yuan, a year-on-year decrease of 34.63% [1] - The net profit for the third quarter was a loss of 926,700 yuan [1] - For the first three quarters, the total revenue was 647 million yuan, reflecting a year-on-year decline of 16.12% [1] - The net profit for the first three quarters was 27.03 million yuan, which represents a year-on-year increase of 8.11% [1]

Financial Performance - The company's operating revenue for the third quarter was CNY 151.06 million, a decrease of 34.63% compared to the same period last year[5] - The net profit attributable to shareholders was CNY -926.72 million, reflecting a decline of 130.17% year-on-year[5] - The net cash flow from operating activities decreased by 138.43% to CNY -80.82 million, primarily due to reduced sales receipts[12] - Total operating revenue for the current period was CNY 647,287,705.63, a decrease of 16.1% compared to CNY 771,707,421.15 in the previous period[24] - Net profit for the current period was CNY 42,581,204.94, a decrease of 11.0% from CNY 47,882,035.92 in the previous period[25] - Operating cash flow for the current period is -80,815,697.32 CNY, a decrease from 210,294,883.27 CNY in the previous period, indicating a significant decline in operational performance[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1.32 billion, down 8.49% from the beginning of the year[5] - The total assets decreased to CNY 1,323,934,517.72 from CNY 1,446,715,474.87, reflecting a decline of 8.5%[23] - Total liabilities decreased to CNY 567,117,685.67 from CNY 706,898,011.15, a reduction of 19.7%[23] - The company's cash and cash equivalents decreased from 310,022,521.29 CNY to 178,646,043.67 CNY, a decline of approximately 42.4%[21] Shareholder Information - The company's total equity attributable to shareholders increased by 2.90% to CNY 690.06 million[5] - The total number of common stock shareholders at the end of the reporting period is 27,149[15] - Gansu Pharmaceutical Investment Group holds 29.93% of shares, totaling 90,785,250 shares[15] - The total number of restricted shares at the end of the period is 1,293,512 shares, after 10,875 shares were released from restriction[18] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[16] Cash Flow and Financing - The company reported a 91.40% increase in net cash flow from financing activities, attributed to compensation received and increased loans[13] - Total cash inflow from financing activities is 65,774,162.99 CNY, compared to 27,258,789.48 CNY in the previous period, showing an increase in financing efforts[27] - The company reported a net cash flow from financing activities of -11,132,357.71 CNY, an improvement from -129,508,773.79 CNY in the previous period, indicating better management of financing[27] Expenses and Costs - The company's long-term expenses increased by 101.63% due to rising costs related to cafeteria and laboratory renovations[9] - The financial expenses decreased by 57.15% as a result of loan repayments and reduced interest expenses[12] - Total operating costs for the current period were CNY 590,299,154.53, down 16.4% from CNY 706,276,206.26 in the previous period[24] - Cash outflow from operating activities totaled 882,294,800.49 CNY, up from 763,293,545.30 CNY in the previous period, indicating increased operational costs[26] Investments and Assets - The company’s non-current assets include fixed assets valued at 480,556,245.88 CNY, a slight decrease from 488,659,976.91 CNY[21] - The company’s intangible assets increased from 63,064,636.04 CNY to 76,493,385.92 CNY, an increase of approximately 21.4%[21] - Cash inflow from investment activities was 800,500.00 CNY, an increase from 600,000.00 CNY in the previous period, suggesting improved investment returns[26] - Cash outflow from investment activities decreased to 40,228,922.59 CNY from 55,405,311.68 CNY, indicating reduced capital expenditures[26] - The company received 2,800,000.00 CNY from investment, significantly higher than 750,000.00 CNY in the previous period, reflecting increased investor confidence[27] Future Outlook and Standards - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[28] - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence in the reported figures[28]

Core Insights - The company Longshen Rongfa (300534) reported that as of October 20, 2025, the number of shareholders is 27,796 [1] Group 1 - The company is actively engaging with investors through interactive platforms [1]

Group 1 - The company announced that independent director Li Zongyi has submitted his resignation due to personal work reasons [2] - Li Zongyi will no longer hold any positions within the company after his resignation [2]

Group 1 - The company Longshen Rongfa announced on October 17 that its 22nd meeting of the fifth board of directors was held via communication voting [1] - The meeting reviewed the proposal regarding the convening of the fifth temporary shareholders' meeting in 2025 [1] Group 2 - Lin Yuan responded firmly to market losses during the bull market, stating "I am still here!" and emphasized that he will continue to invest [1] - Lin Yuan maintains that liquor is a "happy demand" and expressed concerns about technology stocks, indicating they cause him sleepless nights [1]

Core Points - Independent director Li Zongyi has applied to resign from his position and all related committee roles due to personal work reasons [1] - Li Zongyi's resignation will take effect after the election of a new independent director at the company's shareholders' meeting [1] - During the interim period, Li Zongyi will continue to fulfill his responsibilities [1] - The company has nominated Fang Wenbin as the candidate for the new independent director, pending approval from the Shenzhen Stock Exchange before submission to the shareholders' meeting [1]

证券代码：300534 证券简称：陇神戎发 公告编号：2025-072 甘肃陇神戎发药业股份有限公司 独立董事候选人声明与承诺 声明人方文彬先生作为甘肃陇神戎发药业股份有限公司第五届董事会独 立董事候选人，已充分了解并同意由提名人甘肃陇神戎发药业股份有限公司第 五届董事会提名为甘肃陇神戎发药业股份有限公司（以下简称该公司）第五届 董事会独立董事候选人。现公开声明和保证，本人与该公司之间不存在任何影 响本人独立性的关系，且符合相关法律、行政法规、部门规章、规范性文件和 深圳证券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声 明并承诺如下事项： 一、本人已经通过甘肃陇神戎发药业股份有限公司第五届董事会提名委员 会资格审查，提名人与本人不存在利害关系或者其他可能影响独立履职情形的 密切关系。 是 □ 否 如否，请详细说明：______________________________ 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担 任公司董事的情形。 是 □ 否 如否，请详细说明：______________________________ 三、本人符合中国证监会《上市公司独立董事管理 ...