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太平洋证券-阳光诺和-688621-Q2收入增速稳健,利润快速增长-250829
Xin Lang Cai Jing·2025-08-30 23:43

Group 1 - The company reported a revenue of 590 million yuan for the first half of 2025, representing a year-on-year growth of 4.87%, while the net profit attributable to shareholders was 130 million yuan, a decrease of 12.61% year-on-year [1] - The revenue and profit for the first half of the year were slightly below expectations, primarily due to pressures in the pharmaceutical research segment and a strong growth in clinical business [1] - The pharmaceutical research segment generated a revenue of 203 million yuan, down 40.80% year-on-year, mainly affected by previous low-price orders, with expectations for gradual recovery in the second half of the year [1] Group 2 - The company is continuously investing in research and development, with R&D expenditure reaching 76 million yuan in the first half of 2025, an increase of 10.39% year-on-year, accounting for 12.92% of total revenue, up from the previous year [1] - Revenue forecasts for 2025-2027 are projected at 1.248 billion yuan, 1.527 billion yuan, and 1.938 billion yuan, with year-on-year growth rates of 15.75%, 22.33%, and 26.90% respectively; net profit attributable to shareholders is expected to be 233 million yuan, 277 million yuan, and 338 million yuan [1]