Zheng Quan Zhi Xing·2025-05-29 10:41Core Viewpoint - Anke Biotech aims for restorative growth in 2025, focusing on enhancing sales of water injections and promoting the recovery of growth hormone sales while optimizing its traditional Chinese medicine segment and expanding its peptide and chemical drug markets [2][4][5]. Business Strategy - The company plans to strengthen academic promotion and increase the sales proportion of water injections, while also pushing for the recovery of growth hormone sales [2]. - The traditional Chinese medicine segment has resumed production since December 2024, with efforts to optimize sales policies and maintain growth in traditional Chinese medicine [2]. - The peptide segment will focus on market analysis and expanding the sales scale of raw materials for enterprises that win centralized procurement bids [2]. - The company intends to divest its forensic-related business and actively transition to new business areas [2]. Investment Activities - Anke Biotech has made cornerstone investments in Weisheng Pharmaceutical, aiming to establish a long-term cooperative relationship and enhance strategic collaboration to improve risk resistance and core competitiveness [3]. Sales Performance - In Q1 2025, the company reported a year-on-year increase in new patients for growth hormone, reversing a previous decline, with shipping showing an upward trend [4]. - The product Trastuzumab is in a rapid market introduction phase, with sales exceeding 100 million yuan in 2024 and expected significant year-on-year growth in 2025 [5]. Research and Development - The company is advancing several clinical trials, including Hu1 injection for HER2 targets, which has shown promising safety and efficacy in early studies [6]. - The recombinant anti-VEGF humanized monoclonal antibody has completed phase III clinical trials, and the company is working on its market application [6]. - The company is also developing innovative drugs targeting HER2 and has submitted IND applications for several projects [6]. Financial Overview - In Q1 2025, Anke Biotech reported a main revenue of 629 million yuan, a year-on-year decrease of 4.17%, and a net profit of 209 million yuan, also down 4.02% [8]. - The company has a debt ratio of 16.52% and a gross profit margin of 76.96% [8]. - Recent institutional ratings indicate a buy recommendation from two firms, with a target average price of 10.08 yuan [8].