HWHG(SH:600079) Chang Jiang Shang Bao·2025-06-09 00:16Core Viewpoint - Renfu Pharmaceutical is accelerating its layout in the pharmaceutical industry and commercial sectors, aiming for significant revenue growth and improved profit margins by 2025 [1][3] Financial Performance - In 2024, Renfu Pharmaceutical achieved a revenue of 25.435 billion yuan, a year-on-year increase of 3.71%, with a net profit attributable to shareholders of 1.33 billion yuan, reflecting stable operational performance [2] - The company reported a revenue of 6.137 billion yuan and a net profit of 540 million yuan in the first quarter of 2025, showing a year-on-year growth of 11.09% [4] Strategic Focus - The company plans to achieve over 27 billion yuan in revenue and a comprehensive gross profit margin of over 45% by 2025, while optimizing its asset-liability structure and controlling expenses [3] - Renfu Pharmaceutical is focusing on core product lines, enhancing market marketing, research and development, and international expansion [3] International Expansion - In 2024, overseas revenue reached 3.235 billion yuan, a year-on-year increase of 19.88%, accounting for 12.72% of total revenue, with the U.S. generic drug business being a key area [5] - The company is actively expanding in Africa, achieving approximately 270 million yuan in revenue from the region [5] Research and Development - Renfu Pharmaceutical invested 1.630 billion yuan in R&D in 2024, representing 6.41% of total revenue, supporting product upgrades and technological innovation [5] - The company has established multiple R&D centers globally, with over 2,000 researchers focusing on innovative drugs and high-end generics, and has over 500 projects in development [6] Industry Position - Renfu Pharmaceutical has transformed from a regional player to one of China's top 30 pharmaceutical companies in 28 years, emphasizing a strategy of stability and long-term growth [7]