Group 1 - The core viewpoint of the announcement is the approval of the 2024 profit distribution plan by the shareholders' meeting, which includes a cash dividend of 0.4 yuan per 10 shares [1][2] - The profit distribution plan will be implemented within two months after the shareholders' meeting, with the record date set for June 26, 2025 [2][3] - The cash dividends will be directly credited to shareholders' accounts through their securities companies on June 27, 2025 [3][4] Group 2 - The distribution plan specifies that the total share capital will be adjusted if there are changes due to stock buybacks or other factors, maintaining the dividend distribution ratio [1][2] - Different tax rates will apply to individual and institutional investors based on their holding periods, with specific tax obligations outlined for different categories of shares [2] - The announcement includes contact information for inquiries, indicating the company's commitment to transparency and shareholder communication [3][4]

证券代码：300636 证券简称：同和药业 公告编号：2025-037 江西同和药业股份有限公司 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信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 江西同和药业股份有限公司（以下简称"公司"或"同和药 业"）于2025年5月16日召开2024年年度股东大会，审议通过了《关 于<公司2024年度利润分配预案>的议案》。现将权益分派事宜公告 如下： 自上述分配方案披露至实施期间，公司总股本因回购注销部分 限制性股票发生变化，由421,527,350股（2025年4月25日）变为 419,951,495股（2025年6月5日）。 本次实施的权益分派方案及其调整原则与公司2024年年度股东 大会审议通过的《关于<公司2024年度利润分配预案>的议案》一 致。 本次权益分派在距离股东大会审议通过分配方案后两个月以内 1/ 3 实施。 二、本次实施的权益分派方案 公 司 2024 年 年 度 权 益 分 派 方 案 为 ： 以 公 司 现 有 总 股 本 419,951,495股为基数，每10股派0.4元现金红利[含税；扣税后，QFII、 ...

Group 1: Impact of Tariffs and Sales Distribution - The company's direct exports to the U.S. are low, so the impact of U.S. tariffs on raw material exports is minimal [1] - Domestic sales account for nearly 20% of total revenue; high-end markets contribute approximately 60% to overseas sales, while emerging markets account for around 20% [1] Group 2: Future Product Potential and Profit Margins - High-potential new products include Rivaroxaban, Apixaban, Empagliflozin, Canagliflozin, Vildagliptin, Febuxostat, and Azilsartan [2] - An improvement in gross margin is expected in the upcoming quarters compared to Q1 [2] Group 3: Depreciation and Raw Material Sales - Two new workshops in the second phase of the second plant will start depreciation after process validation in 2026, with an estimated annual depreciation of around 10 million [2] - Raw materials typically account for about 10% of the sales revenue from generic drug formulations [2] Group 4: Supplier Selection and Competitive Advantage - Generic drug companies usually start looking for qualified raw material suppliers 6-7 years before patent expiration; the company often initiates projects 10 years in advance [2] - The company has established a strong reputation and competitive edge through rigorous quality management and successful audits in high-end markets [2] Group 5: Pricing Trends and Investment - More than half of mature product prices have stabilized, with some still declining but at a reduced rate; raw material capacity is being cleared, preventing long-term price drops [3] - The investment in Boya Biotech focuses on developing high-difficulty specialty formulations, which have high industry entry barriers [3]

Investment Rating - The report recommends a "Buy" rating for multiple companies in the pharmaceutical sector, including Junshi Biosciences, Hualing Pharmaceutical-B, and others [3]. Core Insights - The pharmaceutical sector has outperformed the market, with a focus on the potential of innovative drugs and the CD73 target in cancer immunotherapy [4][5]. - The report highlights the promising clinical progress of CD73 inhibitors, with several products in various stages of clinical trials [21][25]. Summary by Sections Industry Investment Rating - The report provides a list of recommended companies with "Buy" and "Hold" ratings, indicating strong investment potential in the pharmaceutical sector [3]. Industry Performance - The pharmaceutical sector rose by 1.13%, outperforming the CSI 300 index by 0.25 percentage points, with innovative drugs and vaccines leading the performance [5][32]. Company Dynamics - Companies such as Lepu Medical and Sunshine Nuohua have made significant announcements regarding new product approvals and clinical trial progress, indicating a robust pipeline and growth potential [33][34]. Industry Trends - The report discusses the increasing focus on innovative drugs and the impact of regulatory changes on the pharmaceutical landscape, suggesting a shift towards high-efficiency business models in the industry [31][40].

Group 1: Sales and Revenue Projections - The projected revenue for the new pharmaceutical raw materials market in 2024 is 180 million, with expectations for 2025 being similarly optimistic [1] - The total sales revenue for the company in 2025 is estimated to be around 850 million, with a growth rate of approximately 10% expected due to new capacity being released [3] - The revenue from old products may see a slight decline in 2025, but overall income is expected to grow in 2026 after the expansion of Celecoxib [2] Group 2: Production Capacity and Utilization - The production capacity for Celecoxib is set to increase from 170 tons to 500-600 tons by the end of this year [1] - The utilization rate for the first phase of the second plant is expected to be around 60-70% in 2025, with one workshop having completed expansion in May [2] - Two workshops in the second phase of the second plant are expected to begin trial production in the second half of this year, with full capacity release anticipated in 2026 [2] Group 3: Market and Competitive Landscape - The company faces competition from Indian firms, with varying cost advantages across different products; however, the company excels in synthesis process maturity and R&D speed [3] - The company anticipates strong sales performance for new products such as Rivaroxaban, Apixaban, and others in the future [3] Group 4: Research and Development - The company plans to maintain a high level of R&D investment, projected to be over 7% of revenue in 2025 and beyond [2] - The new R&D building is expected to be operational this year, leading to an increase in personnel and corresponding R&D expenditure [2]

证券代码：300636 证券简称：同和药业 公告编号：2025-036 江西同和药业股份有限公司 关于部分限制性股票回购注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次回购注销的限制性股票数量共计1,575,855股，回购金额 合计为13,145,249.25元，回购股数占回购注销前公司总股本 421,527,350股的比例为0.3738%。本次回购注销完成后，公司总股本 由421,527,350股变更为419,951,495股。 2、本次被回购注销限制性股票的总人数为181人；其中因离职被 回购注销限制性股票的人数为5人，回购价格为7.71元/股；因公司层 面业绩未达到"以2021年的净利润为基数，2024年净利润增长率不低 于130%"的考核目标被回购注销限制性股票的人数为176人，首次授 予部分回购价格为8.35元/股，暂缓授予部分回购价格为8.08元/股。 3、本次部分限制性股票回购注销事宜已于2025年6月5日在中国 证券登记结算有限责任公司深圳分公司办理完成。 江西同和药业股份有限公司（以下简称"公司"）于202 ...

Group 1 - Guangdian Electric's wholly-owned subsidiary plans to sell 5.91% stake in Shanghai Winshun Electric Technology Co., Ltd. to Yapp Automotive Parts Co., Ltd. for 62.63 million yuan, aiming to optimize asset structure [1] - Anhui Natural Gas received approval for the registration of 500 million yuan short-term financing bonds and 600 million yuan medium-term notes, valid for two years [1] - Kirin Security received government subsidies totaling 6.48 million yuan, which are related to revenue [2] Group 2 - Junshi Biosciences received approval for two new indications for its self-developed drug, Oncorhynchus monoclonal antibody injection, targeting adult patients with heterozygous familial hypercholesterolemia and non-familial hypercholesterolemia [3] - China Resources Double Crane's subsidiary passed GMP compliance inspection for small and large volume injection production lines [4] - Nanjing Public Utilities' board approved the absorption and merger of its wholly-owned subsidiary, Nanjing Jinguang Industry Co., Ltd. [7] Group 3 - Boya Bio received drug registration certificate for human immunoglobulin (pH4) in the Dominican Republic, valid until August 12, 2029 [8] - Jizhi Co. announced that its controlling shareholder and actual controller committed not to reduce their shareholdings until December 31, 2025 [9] - Yuhua Tian won a bid for the integrated urban management project in Lanzhou City, with a total service subsidy of 353 million yuan [10] Group 4 - Anke Rui obtained five invention patent certificates related to various energy management and control technologies [11] - Kebo Da's wholly-owned subsidiary plans to acquire 100% of Czech IMI Company for approximately 9.43 million euros to enhance global production layout [13] - Yantian Port announced a cash dividend of 1.30 yuan per 10 shares, totaling 676 million yuan [14] Group 5 - Huawang Technology plans to distribute a cash dividend of 0.45 yuan per share and a capital reserve increase of 0.20 shares per share [15] - Kabe Yi established a wholly-owned subsidiary in Japan to enhance its business layout [16] - Dongcheng Pharmaceutical's subsidiary received approval for the marketing of sodium fluoride injection, a PET radiopharmaceutical [18] Group 6 - Huaxin New Materials' subsidiary received two utility model patent certificates for innovative devices [19] - Lingang Steel's new 2290 cubic meter blast furnace has been successfully put into operation [21] - Xinlitai received drug registration certificate for Sacubitril/Valsartan tablets, the first of its kind in China [23] Group 7 - Aike Co.'s subsidiary received project designation notices from multiple clients for electric drive platform components [25] - Tonghe Pharmaceutical received drug registration certificate for Apixaban in South Korea [26] - Junting Hotel signed a cooperation agreement with Choice Hotels for exclusive brand usage in mainland China [28] Group 8 - Guangdong Hongtu plans to establish a wholly-owned subsidiary in Zhengzhou to enhance market layout [30] - Yuheng Pharmaceutical signed a joint promotion agreement for Pemafibrate tablets with Xinghe Pharmaceutical [31] - Chongqing Steel terminated the absorption and merger of its wholly-owned subsidiary, citing strategic advantages of independent operation [33] Group 9 - Jihong Co. announced the listing of its H-shares on the Hong Kong Stock Exchange [34] - Deshi Co. announced plans for shareholders to reduce their holdings by up to 0.3% [36] - Xinhai Medical's subsidiary received medical device registration for a dialysis fluid filter [42]

生产商名称：江西同和药业股份有限公司 证券代码：300636 证券简称：同和药业 公告编号：2025-035 江西同和药业股份有限公司 关于公司获得韩国药品注册证书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 江西同和药业股份有限公司（以下简称"公司"）于近日收到韩 国食品药品安全部（MFDS）颁发的甲苯磺酸艾多沙班药品注册证书， 相关信息如下： 特此公告。 1/ 1 生产商地址：江西省奉新高新技术产业园区 认证范围：甲苯磺酸艾多沙班原料药 证书编号：2025-A1-1217 签发日期：2025.05.21 甲苯磺酸艾多沙班是一种口服抗凝药物，主要用于预防非瓣膜性 房颤患者的卒中及全身性栓塞，以及治疗或预防深静脉血栓和肺栓塞。 公司甲苯磺酸艾多沙班产品获得韩国药品注册证书，标志着公司 甲苯磺酸艾多沙班原料药获得了韩国市场的准入资格，将对公司进一 步扩大国际市场业务起到积极作用。由于医药行业的特点，相关产品 在国际市场的销售情况易受到市场环境变化、汇率波动等因素影响， 敬请广大投资者谨慎决策，注意防范投资风险。 江西同和药业股份有限公司董事会 二〇二五 ...

证券代码：300636 证券简称：同和药业 公告编号：2025-034 江西同和药业股份有限公司 关于增资参股公司暨关联交易的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、 交易概述 2025 年 4 月 23 日，江西同和药业股份有限公司（以下简称"公 司"或"同和药业"）召开第四届董事会第四次会议和第四届监事会 第四次会议，会议审议通过了《关于增资参股公司的议案》，同意公 司以自有资金 1100 万元增资杭州渤雅生物医药有限公司（以下简称 "杭州渤雅"）。具体内容详见公司于 2025 年 4 月 25 日披露在中国证 监 会 指 定 的 创 业 板 信 息 披 露 网 站 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上的《关于增资参股公司暨关联交易 的公告》（公告编号：2025-026）。 二、 交易进展情况 杭州渤雅与协议各方正式签署了《增资协议》，并于近日完成了 工商变更登记手续，取得了杭州市萧山区市场监督管理局下发的《营 业执照》。 （一）增资协议的主要内容如下： 1、各方一致同意由甲方（指同和药业和另外两 ...

Group 1: Company Performance and Market Position - The company's stock price is influenced by multiple factors, primarily determined by market participants and long-term performance [1] - The company maintains a clear strategy and stable operations in the specialized chemical raw materials sector, leveraging R&D, global market presence, and strong manufacturing capabilities for sustainable growth [1] - In Q1 2025, the company's revenue decreased by 9.47% year-on-year, while net profit fell by 52.3%, indicating a significant drop in profit margins due to lower market prices for certain products [2] Group 2: Investment and Strategic Decisions - The investment in Hangzhou Boya Biopharmaceutical Co., Ltd. was based on its market prospects and the synergy with the company's future planning and development strategy [2] - Hangzhou Boya Biopharmaceutical Co., Ltd., established in 2023, focuses on the development and production of long-acting complex injectables, led by a team with extensive experience in formulation development [2] Group 3: Capacity and Revenue Insights - The first plant has a capacity of 800 million, and the second plant has a capacity of 500 million, with a utilization rate of 60%, indicating potential revenue of approximately 1.1 billion; however, the actual revenue for 2024 is projected at 759 million [2] - The company aims to enhance R&D and expand production and sales in the specialized chemical raw materials sector to achieve stable and long-term value returns for shareholders [2]