每经AI快讯，有投资者在投资者互动平台提问：购买了贵公司股票，既没有赚取牛市应有的利润，也 没得到丰厚的分红，请问贵公司计划如何让投资者受益？ （记者 王晓波） 贝达药业（300558.SZ）11月6日在投资者互动平台表示，公司自上市以来坚持创新发展，产品管线逐步 成长，公司营收、净资产等不断增长，同时公司实施稳定的现金分红股利政策，与投资者分享企业成长 的价值。目前，公司上市产品已达八款，得益于药品销量的增长以及新产品的逐步放量，2025年1-9月 实现营业收入27.17亿元，同比增长15.90%；公司息税折旧摊销前利润（EBITDA）达到8.6亿元，同比 增长20.15%，体现了公司良好的发展势头。 ...

Group 1: China Jushi (600176.SH) - The company achieved a revenue of 139.04 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 19.53% [6] - The net profit attributable to shareholders reached 25.68 billion yuan, up 67.51% year-on-year, with a non-recurring net profit of 26.12 billion yuan, increasing by 125.91% [6][9] - The company is expected to achieve net profits of 34.91 billion, 41.07 billion, and 46.48 billion yuan from 2025 to 2027, driven by the recovery of fiberglass prices and demand from various downstream sectors [9] Group 2: Transsion Holdings (688036.SH) - The company reported a revenue of 204.66 billion yuan in Q3 2025, a year-on-year increase of 22.60%, while the net profit attributable to shareholders was 9.35 billion yuan, down 11.06% year-on-year [11] - The company is expected to achieve revenues of 694.0 billion, 751.7 billion, and 871.6 billion yuan from 2025 to 2027, with net profits of 38.2 billion, 56.7 billion, and 70.8 billion yuan respectively [13] Group 3: Tonglian Precision (688210.SH) - The company reported a revenue of 2.4 billion yuan in Q3 2025, a year-on-year increase of 5.75%, while the net profit attributable to shareholders was 884,000 yuan, down 91.67% year-on-year [15] - The company is expected to achieve revenues of 11.4 billion, 15.5 billion, and 21.1 billion yuan from 2025 to 2027, with net profits of 1.0 billion, 1.9 billion, and 2.9 billion yuan respectively [17] Group 4: Topband Co., Ltd. (002139.SZ) - The company achieved a revenue of 26.9 billion yuan in Q3 2025, a slight increase of 0.1% year-on-year, while the net profit attributable to shareholders was 900 million yuan, down 44.7% year-on-year [18] - The company is expected to achieve net profits of 6.2 billion, 8.5 billion, and 10.8 billion yuan from 2025 to 2027 [19] Group 5: Inspur Information (000977.SZ) - The company reported a revenue of 1206.69 billion yuan in the first three quarters of 2025, a year-on-year increase of 45%, with a net profit of 14.82 billion yuan, up 15% year-on-year [25] - The company is expected to achieve net profits of 26.38 billion, 37.31 billion, and 47.77 billion yuan from 2025 to 2027 [26] Group 6: Benda Pharmaceutical (300558.SZ) - The company achieved a revenue of 27.17 billion yuan in the first three quarters of 2025, a year-on-year increase of 15.90%, while the net profit attributable to shareholders was 3.17 billion yuan, down 23.86% year-on-year [28] - The company is expected to achieve revenues of 35.50 billion, 43.71 billion, and 53.09 billion yuan from 2025 to 2027, with net profits of 5.73 billion, 7.21 billion, and 8.56 billion yuan respectively [29] Group 7: XWANDA (300207.SZ) - The company reported a revenue of 435.34 billion yuan in the first three quarters of 2025, a year-on-year increase of 13.73%, with a net profit of 14.05 billion yuan, up 15.94% year-on-year [35] - The company is expected to achieve net profits of 21.83 billion, 30.29 billion, and 40.31 billion yuan from 2025 to 2027 [37] Group 8: YH Technology (688080.SH) - The company achieved a revenue of 2 billion yuan in Q3 2025, a year-on-year increase of 34.5%, with a net profit of 400 million yuan, up 17.5% year-on-year [39] - The company is expected to achieve net profits of 1.5 billion, 2 billion, and 2.6 billion yuan from 2025 to 2027 [40] Group 9: Zhongji Xuchuang (300308.SZ) - The company reported a revenue of 102.2 billion yuan in Q3 2025, a year-on-year increase of 56.8%, with a net profit of 31.4 billion yuan, up 125% year-on-year [42] - The company is expected to achieve net profits of 107 billion, 205 billion, and 268 billion yuan from 2025 to 2027 [43] Group 10: Dongfang Tower (002545.SZ) - The company achieved a revenue of 33.92 billion yuan in the first three quarters of 2025, a year-on-year increase of 9.05%, with a net profit of 8.28 billion yuan, up 77.57% year-on-year [44] - The company is expected to achieve net profits of 12.68 billion, 14.46 billion, and 17.19 billion yuan from 2025 to 2027 [46]

2025 年 11 月 04 日 贝达药业（300558.SZ）2025 年三季报点评 摘要内容：公司发布 2025 年三季报，2025Q1-3 实现营业收入 27.17 亿元 （+15.90%），归母净利润 3.17 亿元（-23.86%），扣非归母净利润 3.37 亿 元（-6.74%）。 恩沙替尼海外商业化进展顺利，在研项目稳步推进。2025 年 6 月，公司产 品盐酸恩沙替尼胶囊（商品名：贝美纳®）于中国澳门获批上市，8 月于美 国开出首张处方，10 月于中国澳门镜湖医院开出首张处方。9 月，恩沙替 尼新辅助治疗 ALK 阳性 NSCLC 研究、恩沙替尼与放疗存在潜在协同增敏 作用研究、恩沙替尼 EMBRACE 研究中 ctDNA 监测策略的分析与比较、 MCLA-129 治疗 NSCLC 患者 I 期研究更新结果在 2025 WCLC 大会展示； 10 月，恩沙替尼术后辅助治疗数据在 2025 ESMO 年会首次披露，中期结 果显示，恩沙替尼术后辅助治疗 2 年无病生存期（DFS）率达 86.4%，2 年无病生存期风险比（HR）为 0.20，复发风险显著降低 80%。 创新生态圈布局陆续收获阶段性成 ...

证券之星消息，11月4日精准医疗板块较上一交易日下跌1.77%，透景生命领跌。当日上证指数报收于 3960.19，下跌0.41%。深证成指报收于13175.22，下跌1.71%。精准医疗板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688193 | 仁度生物 | 52.90 | 1.05% | 7076.23 | > 3699.09万 | | 002093 | 国脉科技 | 11.44 | 0.88% | 22.10万 | 2.52 Z | | 002030 | 达安基因 | 6.57 | 0.00% | 14.18万 | 9268.74万 | | 300030 | 阳普医疗 | 8.12 | -0.25% | 5.35万 | 4338.83万 | | 688271 | 联影医疗 | 137.00 | -0.50% | 3.83万 | 5.25亿 | | 688217 | 睿昂其因 | 29.68 | -0.50% | 7705.11 | 2274.82万 | | 300 ...

招股书显示，麓鹏制药是一家生物制药公司，拥有自主研发的BeyondX口服药物化学平台，主要专注于超五规则(bRo5)高生物利用度口服药物的合理药物设 计、临床前及临床开发、生产与商业化，以满足全球癌症和自身免疫性疾病患者尚未被满足的需求。 瑞财经 刘治颖 10月31日，麓鹏制药有限公司（以下简称：麓鹏制药）向港交所主板提交上市申请书，中信证券为独家保荐人。 截至最后实际可行日期，公司已建立包含六项主要候选产品的产品管线，其中三项为新药申请阶段及临床阶段的核心资产，即核心产品LP-168、LP-108与 LP-118。 2023年、2024年以及截至2024年和2025年上半年，麓鹏制药分别录得其他收入及收益2553.6万元、1207.2万元、693.5万元、677.4万元；期内利润-1.59亿 元、-338.5万元、3289.7万元、3589.6万元。 招股书显示，2024年上半年及2025年上半年，麓鹏制药分别录得盈利，这主要归因于优先股公允价值收益由2023年的1540万元增至2024年的1.6亿元，这是 由于公司的估值下降所致，且该收益为非现金收益。 | | 截至12月31日止年度 | | 截至6月30 ...

Group 1 - Weiming Environmental has been selected as a supplier for Indonesia's environmentally friendly waste-to-energy project [1] - Great Wall Motors reported a 22.5% year-on-year increase in October vehicle sales, totaling 143,100 units [1] - Jingye Intelligent won a bid for a process equipment project worth 134 million yuan [1][2] Group 2 - Tianmo Technology's shareholder plans to reduce its stake by up to 3% of the company's total shares [3] - ST Yifei signed a procurement order worth approximately 190 million yuan, accounting for 27.46% of its audited revenue for 2024 [4] - Lanjian Intelligent signed a daily operational contract worth 138 million yuan [5] Group 3 - Rongqi Technology's shareholder plans to reduce its stake by up to 1.32% of the company's total shares [6] - Huafeng Measurement Control's controlling shareholder plans to reduce its stake by up to 2% of the company's total shares [7] - Jinli Permanent Magnet's directors and executives plan to reduce their holdings by up to 0.15% of the company's total shares [9] Group 4 - Seres reported a 42.89% year-on-year increase in October sales of new energy vehicles, totaling 51,456 units [10] - Betta Pharmaceutical entered into a strategic cooperation with Shengsi Bio, enhancing its product matrix [11] - Nenghui Technology established a joint venture with Zhejiang Lisan to capitalize on opportunities in the "computing power + new energy" sector [12] Group 5 - Taotao Vehicle submitted an application for H-share listing on the Hong Kong Stock Exchange [13] - BYD's October sales of new energy vehicles reached 441,700 units, a decrease of approximately 12.13% year-on-year [14] - Daye Intelligent's subsidiary signed a charter contract for two vessels, with total expected rental income of approximately 48.73 million USD [15] Group 6 - Changan Automobile reported a 36.14% year-on-year increase in October sales of new energy vehicles, totaling 119,200 units [16] - Vanke A signed a framework agreement for a loan of up to 22 billion yuan from its major shareholder [18] - BAIC Blue Valley's subsidiary reported a 112.02% year-on-year increase in October vehicle sales, totaling 30,542 units [20] Group 7 - Yongzhen Co. announced plans for shareholders to reduce their stake by up to 3% of the company's total shares [21]

（文章来源：新京报） 新京报贝壳财经讯 11月2日，贝达药业发布公告称，公司与晟斯生物达成战略合作，签署《战略合作框 架协议》，贝达药业将在研发、临床、生产、注册及销售推广等环节给予晟斯生物支持。同时，公司全 资子公司贝达医药销售与杭州晟斯生物签署《商业合作协议》，取得注射用培重组人凝血因子VIII-Fc 融合蛋白（FRSW117）在大中华区域的独家总经销权。FRSW117是一款长效重组八因子，属于治疗用 生物制品1类，已于近期完成III期临床试验。截至目前，尚无国产长效重组八因子产品获批上市。 ...

Key Points - A new stock subscription is available today [1] - The State Council meeting on October 31 focused on deepening reforms in key areas and expanding institutional openness [3] - The Ministry of Finance and the State Taxation Administration announced tax policies related to gold trading, exempting VAT until the end of 2027 for certain transactions [3] - The China Securities Regulatory Commission released draft guidelines for the performance benchmarks of publicly offered securities investment funds [4] - A significant breakthrough in nuclear energy was reported, with China achieving thorium-uranium fuel conversion based on molten salt reactors [4] - The China Listed Companies Association reported improved performance among listed companies, highlighting the role of innovation and structural upgrades [5] - The 15th National Games torch relay featured a humanoid robot "Kua Fu" as a torchbearer, marking a global first [5] - Anshi China has established sufficient inventory to meet customer demand through the end of the year and beyond [7] - Vanke A is set to receive a loan of up to 22 billion yuan from Shenzhen Metro Group [7] - Long-term growth in new energy vehicle sales was reported for Chang'an Automobile and Seres [7] - Great Wall Motors reported October sales of 143,100 vehicles, a year-on-year increase of 22.5% [8] - ST Yifei signed an overseas procurement order worth approximately 190 million yuan [9] - Tianqi Co. signed a strategic cooperation framework agreement with Foxconn Automotive [10] - Several companies are undergoing significant changes, including mergers and acquisitions, and stock repurchases [13][14][15][16]

Market News - China's October CPI and PPI data will be released on November 9, with a forecasted CPI year-on-year increase to 0.6% and a narrowing PPI decline from -2.8% in September to -2.2% in October [2] - China's October import and export data will be published on November 7, with exports expected to rise by 4.9% year-on-year and imports by 1.2% [3] - The U.S. will release the ADP employment report on November 5, with expectations of a modest increase in non-farm employment and a potential rise in the unemployment rate to 4.4% [4] - The Q3 earnings season continues this week with major companies like AMD and Qualcomm reporting, with AMD's growth driven by strong performance in data center and client segments [5] Sector Updates - The 2025 xEV Battery Technology Forum and Solid-State Battery Technology Industry Conference will be held in Shanghai from November 3 to 4, focusing on lithium batteries and solid-state battery mass production [9] - A notification to improve duty-free shop policies was issued to boost consumption, effective from November 1, 2025 [10] - The 8th China International Import Expo will take place from November 5 to 10, with a record exhibition area and participation from over 290 Fortune 500 companies [11] - The CEIC 2025 Consumer Electronics Innovation Conference will be held in Shenzhen from November 6 to 8, showcasing innovations in smart devices and technologies [12] - The 2025 World Internet Conference will be held in Wuzhen from November 6 to 9, focusing on building a collaborative digital future [13] Company Highlights - Seres is set to list on the Hong Kong Stock Exchange on November 5, with an IPO price of up to HKD 131.5 per share, aiming to raise approximately HKD 12.9 billion [15] - BYD reported October sales of 441,700 new energy vehicles, a year-on-year decrease from 502,700 units [16] - Great Wall Motors announced October sales of 143,100 vehicles, a 22.5% year-on-year increase [17] - Chery Group reported October sales of 281,161 vehicles, with new energy vehicle sales up 54.7% year-on-year [18] - NIO delivered 40,397 vehicles in October, marking a 92.6% year-on-year increase [19] - Li Auto delivered 31,767 vehicles in October, with plans to expand its overseas market presence [19] Lock-up Expiration - A total of 30 companies will have lock-up shares released this week, amounting to 1.028 billion shares with a total market value of approximately CNY 20.322 billion [22] - The peak lock-up expiration date is November 7, with six companies accounting for 62.69% of the total market value [22] New Stock Calendar - Three new stocks are set to be issued this week, totaling approximately 573 million shares and expected to raise CNY 3.947 billion [26] Market Outlook - CITIC Securities suggests that structural opportunities remain, with a focus on traditional manufacturing upgrades, Chinese enterprises going global, and AI developments [29] - CITIC Jiantou anticipates a new round of market consolidation in November, advising investors to pause on increasing positions [31] - Galaxy Securities emphasizes the importance of technology and industry integration, highlighting the government's focus on a modern industrial system [32]

Financing and Strategic Partnerships - Vanke A has signed a framework agreement with its largest shareholder, Shenzhen Metro Group, to provide a loan limit of up to 22 billion yuan [3] - Betta Pharmaceuticals has reached a strategic cooperation with Shengsi Biotech, obtaining exclusive distribution rights for a long-acting recombinant factor VIII product in Greater China [4] - Nenghui Technology has established a joint venture with Zhejiang Lisan, investing 10 million yuan to capitalize on opportunities in the "computing power + AI" and "computing power + new energy" sectors [6] Market Performance - Seres reported a total vehicle sales of 54,384 units in October 2025, with new energy vehicle sales reaching 51,456 units, marking a year-on-year increase of 42.89% [9] - BAIC Blue Valley's subsidiary achieved a 112.02% year-on-year increase in sales for October 2025, totaling 30,542 units [10] - Changan Automobile's new energy vehicle sales grew by 36.14% year-on-year in October 2025, with total sales of 278,400 units for the month [12] - Great Wall Motors reported October sales of 143,100 units, reflecting a year-on-year increase of 22.5% [13] - BYD exported a total of 83,904 new energy vehicles in October 2025, with a total battery installation capacity of approximately 27.362 GWh for the month [14] Shareholding Changes - Jintai Technology's shareholder, Gaoxin Investment, plans to reduce its stake by up to 3% through various trading methods [16] - Yongzhen Co., Ltd. announced that two shareholders intend to reduce their holdings by up to 3% [17] - Huafeng Measurement Control's controlling shareholder plans to reduce its stake by up to 2% [18] - Rongqi Technology's employee strategic placement asset management plan intends to reduce its holdings by up to 1.32% [19] - Jinli Permanent Magnet's directors and senior management plan to collectively reduce their holdings by up to 0.15% [20] Major Contracts - ST Yifei signed an overseas procurement order worth approximately 190 million yuan, accounting for 27.46% of its audited revenue for 2024 [21] - Lanjian Intelligent signed a daily operational contract worth 138 million yuan [22] - Jingye Intelligent won a bid for a process equipment project valued at 134 million yuan [23] - Daye Intelligent's subsidiary signed a bareboat charter contract for two vessels, with total rental income projected at approximately 48.73 million USD over 1,095 days [24]