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上海医药(601607) - 2022 Q3 - 季度财报

Financial Performance - For the first nine months of 2022, Shanghai Pharmaceuticals achieved operating revenue of RMB 174.612 billion, a year-on-year increase of 8.47%[7] - The net profit attributable to shareholders for the first nine months was RMB 4.814 billion, an increase of 7.35% year-on-year[7] - The company’s net profit attributable to shareholders for Q3 2022 was RMB 1.118 billion, a year-on-year increase of 22.02%[7] - Total operating revenue for the first three quarters of 2022 reached ¥174.61 billion, an increase of 8.8% compared to ¥160.97 billion in the same period of 2021[26] - Net profit for the first three quarters of 2022 was ¥5.98 billion, compared to ¥5.36 billion in the same period of 2021, representing a growth of 11.5%[27] Revenue Breakdown - The pharmaceutical manufacturing segment generated sales revenue of RMB 19.793 billion, up 5.35% year-on-year, with a gross margin of 58.05%[8] - The pharmaceutical distribution business achieved sales revenue of CNY 155.198 billion from January to September 2022, a year-on-year increase of 9.33%, with a gross margin of 6.28%[10] - The pharmaceutical retail business reported sales revenue of CNY 5.680 billion during the same period, reflecting a year-on-year growth of 0.76%, with a gross margin of 11.74%[10] Research and Development - Research and development expenses for the first nine months totaled RMB 1.692 billion, a decrease of 1.34% year-on-year, while capitalized R&D expenses were RMB 1.389 billion, up 1.63%[7] - The company has 53 new drug candidates in clinical research, including 43 innovative drugs and 10 improved new drugs[8] - Shanghai Pharmaceuticals has received approval for clinical trials for its anti-tumor drug B013 and autoimmune drug I001-B, with trials set to begin soon[8] - Research and development expenses for the first three quarters of 2022 were ¥1.39 billion, slightly up from ¥1.37 billion in the same period of 2021, indicating a year-on-year increase of 1.4%[26] Assets and Liabilities - The total assets as of the end of the reporting period reached CNY 194.618 billion, a year-on-year increase of 19.08%[12] - The equity attributable to shareholders at the end of the reporting period was CNY 66.175 billion, reflecting a year-on-year increase of 34.07%[12] - The total liabilities of the company reached RMB 107.40 billion, compared to RMB 91.82 billion in the previous year, indicating an increase of around 16.9%[23] - The company's total liabilities as of the end of the third quarter of 2022 amounted to ¥118.00 billion, an increase from ¥104.37 billion at the end of the previous year, marking a rise of 13.1%[26] Cash Flow - The company’s cash flow from operating activities for the year-to-date period decreased by 105.43% due to the impact of the pandemic on cash collection[15] - The cash inflow from operating activities for the first three quarters of 2022 was approximately ¥185.77 billion, an increase from ¥177.08 billion in the same period of 2021, representing a growth of about 4.8%[30] - The net cash outflow from operating activities in Q3 2022 was approximately -¥158.75 million, a significant decrease compared to a net inflow of ¥2.92 billion in Q3 2021[31] - The net cash flow from operating activities for the first three quarters of 2022 was -224,878,559.54 RMB, compared to -97,053,307.81 RMB in the same period of 2021, indicating a decline in operational cash flow[40] Strategic Initiatives - The company is actively expanding into the vaccine sector, with its subsidiary having full GMP production capabilities for viral vector drugs[9] - The company is actively developing an "Internet+" pharmaceutical commercial technology platform, enhancing digital business and internet platform upgrades[10] - The company signed strategic cooperation agreements with Abbott, Green Leaf Pharmaceutical, and Luoxin Pharmaceutical in September 2022, leveraging its comprehensive distribution and retail network[10] Shareholder Information - The company reported a total of 3,696,414,318 shares issued, with 2,777,341,614 A-shares and 919,072,704 H-shares as of the report date[19] - The number of shareholders stood at 113,835, with 112,053 holding A-shares and 1,782 holding H-shares[19]