特一药业:上半年净利达预告上限 止咳宝片销售复苏

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching approximately 491 million yuan, a year-on-year growth of 56.54% [1] - Net profit attributable to shareholders was approximately 38.08 million yuan, reflecting a remarkable year-on-year increase of 1313.23% [1] - Basic earnings per share rose to 0.0800 yuan, marking a substantial increase of 1500.00% compared to the previous year [1] Financial Performance - The company's core product, Zhi Ke Bao tablets, achieved sales of 331 million pieces in the first half of 2025, recovering to 61.29% of the sales volume from the same period in 2023 [1] - Revenue from traditional Chinese medicine products increased by 257.13% year-on-year, significantly improving the profit structure due to high-margin product sales [1] - The net cash flow from operating activities turned positive, amounting to approximately 146 million yuan, compared to a negative figure in the previous year [1] Marketing and R&D - The company expanded its self-operated team and achieved notable results in online business development, with a total investment of 172 million yuan in brand building [1] - Research and development expenditure was approximately 25.17 million yuan, representing a year-on-year increase of 10.42% [1] - As of the end of the reporting period, 19 products had passed the consistency evaluation, laying a foundation for the company's long-term competitiveness [1] Future Outlook - The company plans to focus on market expansion and R&D innovation for its core products, particularly Zhi Ke Bao tablets, to address industry policy risks and market challenges [1]