1、根据2025年4月21日公告：公司依托自主研发的生物技术平台，开发出众多高质量、高活性的重组蛋 白，涵盖多种疾病靶点及生物标志物，满足生物药研发和生产各环节的需求。 3、2023年7月14日互动易：公司已经关注猴痘病毒传播情况，并启动相关产品的开发工作，目前以已上 线多款重组蛋白、抗体以及试剂盒产品，助力相关预防性疫苗及治疗性药物的开发。 2、根据2025年5月9日公告：针对目前CAR-T细胞治疗领域中应用最广泛的靶点CD19，公司推出特异性 靶向FMC63 scFv抗原识别表位的抗独特型抗体，此抗体灵敏度高、特异性好，进一步丰富了FMC63 CAR的检测手段。同时，公司不断拓宽细胞与基因治疗相关的产品，包括用于人类诱导多能干细胞 （iPSCs）诱导分化培养的细胞因子、层粘连蛋白（ Laminin）等蛋白产品，用于CAR细胞特异性激活 扩增、富集、体外分析的靶点特异性激活磁珠，以及残留检测试剂盒、EPO定量检测试剂盒、多因子定 量检测试剂盒等多种试剂盒类产品，将极大地助力CAR-T细胞疗法的研发进程。 来源：新浪证券-红岸工作室 10月24日，百普赛斯涨4.89%，成交额1.98亿元，换手率2.51%，总 ...

华龙证券发布研报称，在当前消费市场对功效与成分关注度持续提升的背景下，胶原蛋白凭借明确的生 物活性与修复功能，正形成专业皮肤护理与医美填充注射两大主线驱动市场增长：前者以高复购的医用 敷料满足术后修复与功能护肤需求，后者则以自然填充与肤色提亮优势加速渗透注射领域。当前行业整 体处于政策规范完善、技术迭代加速、产业链协同紧密的发展阶段，建议关注在重组胶原蛋白领域具备 核心技术、产品管线完整及强医学转化能力的企业。 华龙证券主要观点如下： 从结构分析到政策护航：见证重组胶原蛋白的蓬勃发展 胶原蛋白是人体中含量最丰富的蛋白质，具有独特的三股螺旋结构，广泛分布于皮肤、骨骼和软骨等组 织。目前已知胶原蛋白有29 种类型，结构上可分为纤维型、FACIT、网状型和MACITs四类，来源上包 括重组、动物源和化学合成三类。胶原蛋白市场空间持续增长，预计2030年中国原料端规模将超160亿 元，零售端接近2700亿元。目前国内获批注射类重组产品仍较少，以锦波生物"薇旖美"为代表推动技术 升级与市场拓展。 胶原蛋白产业：上下游协同，技术驱动高速增长 胶原蛋白原料及终端产品生产一体化程度高，产业链上游为核心原材料供应商，中游为重组 ...

Investment Rating - The report maintains a positive outlook on the innovative drug and medical device industry, highlighting key targets for investment [5][24]. Core Insights - The innovative drug sector is experiencing high growth, with a focus on companies such as Jiangsu Heng Rui Medicine, Hansoh Pharmaceutical Group, and others. The report emphasizes the potential for value re-evaluation in these firms [5][24]. - Recent business development (BD) deals in the innovative drug sector are expected to catalyze market activity, with notable transactions including Jiangsu Heng Rui Medicine's agreement with Kite for a $1.20 billion upfront payment, potentially reaching $15.20 billion in total [5][24]. - The A-share pharmaceutical sector underperformed the broader market in the third week of October 2025, with the Shanghai Composite Index falling by 1.5% and the SW Biopharma index declining by 2.5% [7][18]. Summary by Sections 1. Continuous Focus on Innovative Drugs and Medical Devices - The report emphasizes the high growth potential in innovative drugs, with key investment targets including Jiangsu Heng Rui Medicine, Hansoh Pharmaceutical Group, and others. Related targets include CSPC Innovation Pharmaceutical [5][24]. 2. A-Share Pharmaceutical Sector Performance - In the third week of October 2025, the A-share pharmaceutical sector saw a decline of 2.5%, underperforming the Shanghai Composite Index, which fell by 1.5%. The report notes that the sector's premium relative to all A-shares is currently at a normal level, with a relative premium rate of 74.5% [7][14][21]. 3. Hong Kong and U.S. Pharmaceutical Sector Performance - The report indicates that the Hong Kong and U.S. pharmaceutical sectors also underperformed, with the Hang Seng Healthcare index dropping by 5.8% and the S&P 500 Healthcare index increasing by only 0.7% during the same period [18][24].

来源：新浪证券-红岸工作室 10月21日，百普赛斯涨4.63%，成交额1.55亿元，换手率2.03%，总市值102.35亿元。 异动分析 细胞免疫治疗+重组蛋白+猴痘概念+专精特新+人民币贬值受益 1、根据2025年5月9日公告：针对目前CAR-T细胞治疗领域中应用最广泛的靶点CD19，公司推出特异性 靶向FMC63 scFv抗原识别表位的抗独特型抗体，此抗体灵敏度高、特异性好，进一步丰富了FMC63 CAR的检测手段。同时，公司不断拓宽细胞与基因治疗相关的产品，包括用于人类诱导多能干细胞 （iPSCs）诱导分化培养的细胞因子、层粘连蛋白（ Laminin）等蛋白产品，用于CAR细胞特异性激活 扩增、富集、体外分析的靶点特异性激活磁珠，以及残留检测试剂盒、EPO定量检测试剂盒、多因子定 量检测试剂盒等多种试剂盒类产品，将极大地助力CAR-T细胞疗法的研发进程。 2、根据2025年4月21日公告：公司依托自主研发的生物技术平台，开发出众多高质量、高活性的重组蛋 白，涵盖多种疾病靶点及生物标志物，满足生物药研发和生产各环节的需求。 3、2023年7月14日互动易：公司已经关注猴痘病毒传播情况，并启动相关产品的开发 ...

10月21日，百普赛斯涨5.03%，截至发稿，报61.21元/股，成交1.18亿元，换手率1.56%，总市值102.74 亿元。 资料显示，北京百普赛斯生物科技股份有限公司位于北京市大兴区北京经济技术开发区宏达北路8号4幢 4层,5幢4层，成立日期2010年7月22日，上市日期2021年10月18日，公司主营业务涉及提供重组蛋白等 关键生物试剂产品及技术服务。主营业务收入构成为：重组蛋白82.27%，抗体及其他试剂12.88%，技 术服务3.04%，其他(补充)1.80%。 从基金十大重仓股角度 银华医疗健康混合A（018364）基金经理为张萍、王璐。 截至发稿，张萍累计任职时间6年352天，现任基金资产总规模205.78亿元，任职期间最佳基金回报 184.31%， 任职期间最差基金回报-35.38%。 王璐累计任职时间2年292天，现任基金资产总规模23.01亿元，任职期间最佳基金回报18.57%， 任职期 间最差基金回报-8.36%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个 ...

Group 1 - The core point of the news is the performance and financial details of Beijing Baipusi Biotechnology Co., Ltd., which saw a stock price increase of 5.34% to 59.20 CNY per share, with a total market capitalization of 9.937 billion CNY [1] - The company was established on July 22, 2010, and went public on October 18, 2021, focusing on providing key biological reagent products and technical services, with main revenue sources being recombinant proteins (82.27%), antibodies and other reagents (12.88%), technical services (3.04%), and other supplementary services (1.80%) [1] Group 2 - From the perspective of fund holdings, Penghua Fund has a significant position in Baipusi, with its Penghua Guozheng 2000 Index Enhanced A fund holding 18,800 shares, representing 1.11% of the fund's net value, making it the largest holding [2] - The fund has achieved a year-to-date return of 40.3%, ranking 646 out of 4,218 in its category, and a one-year return of 61.95%, ranking 259 out of 3,865 [2]

Core Viewpoint - The company, Beijing Baipusais Biotechnology Co., Ltd., is actively expanding its product offerings in the fields of cell immunotherapy and recombinant proteins, while benefiting from the depreciation of the RMB and being recognized as a "specialized, refined, distinctive, and innovative" enterprise. Group 1: Company Developments - The company has launched a specific antibody targeting the CD19 antigen in CAR-T cell therapy, enhancing detection methods and expanding its product range related to cell and gene therapy [2] - The company has developed high-quality recombinant proteins through its proprietary biotechnology platform, addressing various disease targets and biomarkers [2] - The company is monitoring the monkeypox virus and has initiated the development of related products, including recombinant proteins and test kits [2] Group 2: Recognition and Market Position - The company has been recognized as a national-level "specialized, refined, distinctive, and innovative" enterprise, which signifies its strong market position and innovation capabilities [3] - As of the 2024 annual report, the company's overseas revenue accounted for 66.46%, benefiting from the depreciation of the RMB [4] Group 3: Financial Performance - For the first half of 2025, the company achieved a revenue of 387 million yuan, representing a year-on-year growth of 29.38%, and a net profit of 83.8 million yuan, up 47.81% year-on-year [9] - The company has distributed a total of 432 million yuan in dividends since its A-share listing, with 312 million yuan in the last three years [10]

Group 1 - The core point of the news is that Beijing Baipusais Biotechnology Co., Ltd. has seen a stock price increase of 5.1%, reaching 57.66 CNY per share, with a total market capitalization of 9.678 billion CNY [1] - The company was established on July 22, 2010, and went public on October 18, 2021, focusing on providing key biological reagent products and technical services, with main revenue sources being recombinant proteins (82.27%), antibodies and other reagents (12.88%), technical services (3.04%), and others (1.80%) [1] Group 2 - The Hongta Hongtu Fund has a significant holding in Baipusais, with its Hongta Hongtu Medical Selected Stock Fund A (020331) being the largest shareholder, holding 10,000 shares, which constitutes 5.61% of the fund's net value [2] - The fund has seen a year-to-date return of 27.02% and a one-year return of 21.23%, ranking 1770 out of 4220 and 2155 out of 3857 in its category, respectively [2] Group 3 - The fund manager of Hongta Hongtu Medical Selected Stock Fund A is Cao Yang, who has been in the position for 2 years and 34 days, with the fund's total asset size at 12.7543 million CNY [3] - During his tenure, the best fund return was 27.6%, while the worst was -33.52% [3]

Core Insights - On October 14, 2025, Baipusais conducted a block trade of 123,500 shares at a price of 51.50 yuan, which is a discount of 6.12% compared to the market closing price of 54.86 yuan [1] Summary by Category - **Trade Details** - The total transaction amount was 6.3603 million yuan, accounting for 3.41% of the total trading volume on that day [1] - The buyer was Ping An Securities Co., Ltd., and the seller was Zhongyin International Securities Co., Ltd. [2] - **Price and Volume** - The transaction price was 51.50 yuan per share, with a total volume of 123,500 shares traded [2]

Market Overview - The biopharmaceutical sector experienced a decline of 1.28% on October 13, with Baipusais leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Notable gainers in the biopharmaceutical sector included: - Teabo Bio (688278) with a closing price of 83.89, up 2.91% [1] - ST Sihuan (000518) with a closing price of 2.42, up 2.11% [1] - Wanzhe Co. (000534) with a closing price of 15.88, up 1.99% [1] - Major decliners included: - Baipusais (301080) with a closing price of 57.65, down 6.11% [2] - Changchun High-tech (000661) with a closing price of 132.06, down 3.11% [2] - Tibet Pharmaceutical (600211) with a closing price of 47.50, down 2.84% [2] Capital Flow - The biopharmaceutical sector saw a net outflow of 432 million yuan from institutional investors, while retail investors contributed a net inflow of 246 million yuan [2] - The capital flow for specific stocks showed: - Changchun High-tech (000661) had a net outflow of 51.35 million yuan from institutional investors [3] - Baipusais (301080) experienced a net inflow of 8.11 million yuan from institutional investors [3] - SanSheng GuoJian (688336) had a net inflow of 9.14 million yuan from institutional investors [3]