江西博雅生物制药股份有限公司 2017 年第一季度报告 江西博雅生物制药股份有限公司 2017 年第一季度报告全文 2017-045 2017 年 04 月 1 江西博雅生物制药股份有限公司 2017 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均出席了审议本次季报的董事会会议。 2 江西博雅生物制药股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 222,979,579.09 | 176,012,894.17 | 26.68% | | 归属于上市公司股东的净利润（元） | 67,455,910.46 | 38,540,021.29 | 75.03% | | 归属于上市公司股东的扣除 ...

Financial Performance - The company's operating revenue for 2016 was ¥946,596,099.59, representing a 74.27% increase compared to ¥543,182,670.87 in 2015[21]. - The net profit attributable to shareholders for 2016 was ¥272,041,808.98, a 79.21% increase from ¥151,798,745.01 in 2015[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥268,417,433.76, reflecting a 115.27% increase from ¥124,685,873.53 in 2015[21]. - The net cash flow from operating activities for 2016 was ¥198,756,138.54, up 35.19% from ¥147,018,107.73 in 2015[21]. - The total assets at the end of 2016 were ¥2,419,482,434.17, a 10.57% increase from ¥2,188,215,551.87 at the end of 2015[21]. - The net assets attributable to shareholders at the end of 2016 were ¥2,093,396,641.90, an 11.66% increase from ¥1,874,831,793.12 at the end of 2015[21]. - The basic and diluted earnings per share for 2016 were both ¥1.02, a 54.55% increase from ¥0.66 in 2015[21]. - The company achieved total operating revenue of ¥946,596,099.59, a year-on-year increase of 74.27%[49]. - The blood products business generated operating revenue of ¥528,688,011.14, up 54.43% year-on-year, accounting for 55.85% of total revenue[52]. - The net profit from the blood products segment was ¥191,802,718.06, reflecting a 49.34% increase year-on-year, contributing 70.50% to the net profit attributable to shareholders[52]. Investment and Capital Structure - The company plans to distribute cash dividends of RMB 1.00 per 10 shares, totaling RMB 26,738,480.10, based on a total share capital of 267,384,801 shares as of the end of 2016[9]. - The company will also increase its share capital by 5 shares for every 10 shares held, resulting in a total of 401,077,201 shares after the increase[9]. - The company has a total of CNY 92,292.63 million in raised funds, with CNY 79,940.47 million already utilized, leaving CNY 16,305.52 million unutilized[104]. - The company plans to establish a pharmaceutical industry merger and acquisition fund with a maximum investment of 150 million yuan, aiming to raise up to 600 million yuan for equity investments in unlisted companies[98]. - The company has committed to invest CNY 5,000 million in the coagulation factor product R&D building project, with CNY 2,892.68 million already invested, representing 57.85% of the planned investment[109]. Research and Development - The company has significantly increased its R&D expenditure, with development costs rising by 172.65% year-on-year due to investments in new product research[38]. - The company established an academic workstation and partnered with Fudan University to enhance R&D capabilities in chemical drugs[62]. - The company plans to conduct further research on the production processes of four new drug varieties, including hydroxyl phenyl sulfonate calcium[62]. - The company is actively preparing for production site inspections to obtain product approvals and GMP certification for new products[62]. - The company plans to enhance its marketing capabilities and optimize its marketing network to support revenue growth[54]. Market Position and Strategy - The company aims to become a world-class blood product enterprise and a respected pharmaceutical group, focusing on blood products while expanding into non-blood product sectors[37]. - The company is focused on consolidating its position in the blood products sector while also expanding into diabetes medications and other pharmaceutical areas[122]. - The company benefits from favorable policies that allow market-driven pricing for blood products, enhancing its profitability[123]. - The company is collaborating with LFB to develop vWF factor, with significant progress in technology transfer and process analysis[61]. - The company is advancing clinical trials for its coagulation factor VIII product, with patient enrollment currently ongoing[58]. Operational Challenges and Risks - The company acknowledges the risk of goodwill impairment if the operational performance of its subsidiaries deteriorates[9]. - The company faces risks related to raw material supply shortages, particularly in plasma collection, and plans to secure supply by maximizing existing station potential and applying for new stations[133]. - The company is one of the few with the qualification to apply for new plasma collection stations, but faces high uncertainty due to varying national policies and regional environments[6]. - The pharmaceutical industry, which the company primarily invests in, is supported by national policies and has a high market demand, but competition is intensifying[9]. Corporate Governance and Compliance - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management[3]. - The company has no significant litigation or arbitration matters during the reporting period[164]. - The company has not engaged in any major related party transactions during the reporting period[168]. - The company has not reported any non-operating related party debts during the reporting period[171]. - The company has maintained a commitment to avoid competition with its controlling shareholder, ensuring business integrity[151]. Social Responsibility - The company actively participated in social responsibility initiatives, including donations to education for impoverished families totaling CNY 40,000[184]. - The company provided financial assistance of CNY 266,600 to Guangchang Dongying Village and CNY 404,000 to Dongxiang County Dongyuan Village as part of its poverty alleviation efforts[184].

Financial Performance - Net profit attributable to shareholders rose by 119.80% to CNY 73,980,659.92 for the reporting period[7] - Operating revenue for the period reached CNY 252,159,651.98, reflecting a growth of 90.00% year-on-year[7] - Basic earnings per share increased by 86.67% to CNY 0.28[7] - In the first three quarters of 2016, the company's total operating revenue reached CNY 653.83 million, a year-on-year increase of 82.69%[20] - The blood products business generated CNY 354.14 million in revenue, accounting for 54.16% of total revenue, with a year-on-year growth of 52.60%[23] - The diabetes drug segment, Tianan Pharmaceutical, achieved revenue of CNY 138.83 million, reflecting an 11.74% increase year-on-year[24] - The biochemical drug segment, Xinbai Pharmaceutical, contributed CNY 160.86 million in revenue since its consolidation, enhancing overall operational quality[25] - Total operating revenue for the third quarter reached CNY 252,159,651.98, a significant increase of 89.9% compared to CNY 132,715,357.90 in the same period last year[68] - Net profit attributable to the parent company was CNY 73,980,659.92, up 120% from CNY 33,657,452.97 year-over-year[69] - The company's total equity attributable to shareholders rose to CNY 2,043,298,270.56, compared to CNY 1,966,009,810.44 at the beginning of the period, an increase of 3.9%[66] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 83,022,935.04, a decrease of 1.16% compared to the previous year[7] - The company's cash and cash equivalents decreased by 31.05% compared to the beginning of the period, primarily due to repayment of short-term loans[20] - The company's cash and cash equivalents decreased from approximately 698.44 million yuan to 481.58 million yuan, reflecting a reduction of about 30.9%[60] - The company's inventory increased from approximately 214.38 million yuan to 270.86 million yuan, representing a growth of about 26.3%[60] - The total liabilities decreased from approximately 280.11 million yuan to 237.42 million yuan, a reduction of about 15.2%[62] - The company's retained earnings increased from approximately 366.38 million yuan to 492.62 million yuan, showing a growth of about 34.4%[62] - The company's cash flow from financing activities included cash received from borrowings of ¥30,000,000.00, down from ¥67,145,000.00 in the previous period, indicating a decrease of about 55.4%[87] Investment and Acquisitions - The company is actively pursuing investments and acquisitions in the pharmaceutical industry, which is experiencing intense competition[12] - There is a risk of goodwill impairment due to the acquisition of Tianan Pharmaceutical and Xinbai Pharmaceutical, which could negatively affect the company's financial performance[13] - The company acknowledges investment risks in the pharmaceutical industry and plans to conduct thorough research and due diligence on potential investment targets[34] - The company has committed to avoiding competition with its controlling shareholder and ensuring that its blood product business remains the sole integration platform[39] - The total amount of raised funds is ¥92,292.63 million, with ¥215.02 million invested in the current quarter[48] - Cumulative investment of raised funds reached ¥77,115.82 million, with no changes in the use of raised funds reported[48] - The company plans to use up to 150 million yuan of its own funds to establish a pharmaceutical industry merger fund with its controlling shareholder, aiming to raise a total of 600 million yuan for investments in third-party medical testing services and other projects[54] Research and Development - The company aims to strengthen its blood product business while enhancing revenue and profitability in non-blood product sectors[30] - The company is focusing on accelerating the research and development of coagulation factor products to ensure sustainable growth[33] - The company reported a total of ¥1,933.12 million invested in the development of coagulation factor products, with a progress of 38.66%[48] - The company decided to terminate the blood product R&D center project due to the establishment of a new R&D center in Beijing, which offers better regional and talent advantages[50] - The company plans to use 46.08 million yuan of its remaining raised funds for the construction of a research and development building for coagulation factor products[54] Risks and Challenges - The company faces high uncertainty in applying for new plasma stations due to varying national policies and regional environments[10] - Risks associated with new product registrations could delay the launch of new products, impacting future revenue[11] - There is a risk of goodwill impairment due to the acquisition of Tianan Pharmaceutical and Xinbai Pharmaceutical, which the company plans to manage through effective subsidiary oversight[35]

Financial Performance - Total operating revenue for the first half of 2016 reached ¥401,665,303.58, an increase of 78.38% compared to ¥225,174,964.67 in the same period last year[15]. - Net profit attributable to ordinary shareholders was ¥105,701,409.46, up 49.56% from ¥70,673,703.01 year-on-year[15]. - The net profit after deducting non-recurring gains and losses increased by 121.40%, reaching ¥104,139,874.73 compared to ¥47,036,972.02 in the previous year[15]. - Basic earnings per share decreased by 35.48% to ¥0.40 from ¥0.62 in the previous year[15]. - The company achieved total operating revenue of CNY 401,665,303.58, a year-on-year increase of 78.38%[24]. - Net profit attributable to ordinary shareholders reached CNY 105,701,409.46, reflecting a growth of 49.56% compared to the previous year[24]. - The company reported a total profit of CNY 128,316,227.90, an increase of 40.2% from CNY 91,543,847.44 in the same period last year[143]. - The company’s total comprehensive income for the first half of 2016 was CNY 108,054,740.44, compared to CNY 76,728,918.79 in the previous year, reflecting a growth of 40.7%[144]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥39,853,711.02, a decrease of 10.02% from ¥44,292,996.54 in the same period last year[15]. - Cash flow from operating activities decreased by 10.02% to CNY 39,853,711.02, with no significant changes reported[27]. - The company incurred a total cash outflow of 292,255,637.16 yuan in operating activities, which is a 68.1% increase from 173,816,744.93 yuan in the previous period[154]. - The total cash and cash equivalents at the end of the period were 347,728,088.61 yuan, compared to 199,149,870.19 yuan at the end of the previous period, showing a 74.7% increase[154]. - The company reported a net cash flow from investment activities of -66,015,660.03 yuan, slightly improved from -68,561,098.42 yuan in the previous period[154]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,216,634,791.35, reflecting a 1.30% increase from ¥2,188,215,551.87 at the end of the previous year[15]. - Total liabilities decreased to ¥253,918,784.34 from ¥280,107,912.82, a reduction of 9.4%[135]. - The company's equity attributable to shareholders rose to ¥1,927,086,830.10 from ¥1,874,831,793.12, an increase of 2.8%[136]. - The company’s total liabilities increased, impacting the overall financial leverage and cash flow management[156]. Research and Development - Research and development expenses increased by 83.98% to CNY 19,543,489.94, primarily due to the consolidation of Xinhe and increased R&D investments[26]. - The company is focusing on the development of coagulation factor products and has increased R&D investment to ensure sustainable development[50]. - The company has two main categories of products under development in the blood products business: coagulation factor products and immunoglobulin products, with key items including human coagulation factor VIII and human immunoglobulin for hand-foot-mouth disease[39]. Market and Competition - The company is actively pursuing investments and acquisitions in the pharmaceutical industry, which is experiencing intense competition and potential uncertainties[21]. - The company faces high uncertainty in applying for new plasma stations due to varying national policies and regional environments[21]. - Risks associated with new product registrations may impact the launch of new products if approvals are delayed or not obtained[21]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company’s major shareholder, Shenzhen Gaotejia Investment Group, committed to avoid any business competition with the company and agreed to prioritize the company for any overlapping business assets[102]. - The company has confirmed that all cash dividend policies comply with its articles of association and shareholder resolutions[80]. - The company is committed to improving its governance structure and internal control systems to enhance risk resistance and operational efficiency[48]. Investment and Financing - The total amount of raised funds is RMB 92,292.63 million, with RMB 28,006.90 million invested during the reporting period[53]. - The company plans to explore merger and acquisition opportunities to integrate industry resources and strengthen its position in the pharmaceutical sector[48]. - The company plans to establish a pharmaceutical industry merger and acquisition fund with a maximum investment of RMB 15,000.00 million, aiming to raise a total of RMB 60,000.00 million[92]. Compliance and Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements accurately reflect its financial status as of June 30, 2016[176]. - The financial statements are prepared based on the accrual basis of accounting, ensuring that transactions are recorded when they occur, not when cash is exchanged[173]. - The company’s financial reporting complies with the disclosure requirements of the China Securities Regulatory Commission[176].

Financial Performance - Total revenue for Q1 2016 reached ¥176,012,894.17, representing a 69.36% increase compared to ¥103,930,532.15 in the same period last year[7]. - Net profit attributable to shareholders decreased by 14.78% to ¥38,540,021.29 from ¥45,223,949.36 year-on-year[7]. - Net profit excluding non-recurring gains and losses increased by 80.37% to ¥38,046,476.18 from ¥21,093,343.04 in the previous year[7]. - Basic earnings per share decreased by 17.65% to ¥0.14 from ¥0.17 in the same period last year[7]. - The company reported non-recurring gains of ¥493,545.11 during the reporting period, after accounting for tax and minority interests[8]. - The company achieved operating revenue of ¥176,012,894.17, an increase of 69.36% compared to the same period last year[22]. - The net profit attributable to shareholders decreased by 14.78% to ¥38,540,021.29, while the net profit excluding non-recurring gains and losses increased by 80.37% to ¥38,046,476.18[22]. - Blood products business revenue grew by 24.66% to ¥85,507,179.51, and diabetes business revenue increased by 13.19% to ¥39,859,134.35[23]. - The total comprehensive income for the period was ¥26,841,135.04, a decrease of 36.5% from ¥42,260,969.10 in the previous year[70]. - The total profit for the period was ¥31,577,805.94, down 37.4% from ¥50,459,008.12 in the previous year[69]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,154,580,685.96, a decrease of 1.54% from ¥2,188,215,551.87 at the end of the previous year[7]. - The company's total assets decreased to CNY 2,049,567,960.13 from CNY 2,067,032,102.92 at the beginning of the year, reflecting a decline of 0.8%[62]. - Total liabilities decreased to CNY 56,717,014.65 from CNY 101,022,292.48, a reduction of 43.8%[63]. - The total equity attributable to shareholders increased to CNY 1,913,371,814.41 from CNY 1,874,831,793.12, an increase of 2.6%[60]. Cash Flow - Cash received from sales of goods and services increased by 77.64% compared to the previous year, primarily due to increased sales collections and the consolidation of Xinbai Pharmaceutical[20]. - The company’s total cash paid for operating activities increased by 53.58%, mainly due to payments for station expansion expenses[21]. - The net cash flow from operating activities was -¥2,513,148.99, an improvement from -¥4,445,918.20 in the previous period[72]. - Cash and cash equivalents at the end of the period were ¥612,735,356.18, down from ¥697,274,118.90 at the beginning of the period[73]. - The net increase in cash and cash equivalents for the period was -CNY 120,730,723, with a beginning balance of CNY 555,371,570, leading to an ending balance of CNY 434,640,847[76]. Investments and Acquisitions - The company is actively pursuing investments, mergers, and acquisitions in the pharmaceutical industry, which is experiencing intense competition and potential uncertainties[12]. - The company’s investment in Tianan Pharmaceutical's 27.77% equity transfer increased cash payments by ¥21,576,297.52 compared to the previous year[21]. - The company has established measures to conduct in-depth research on investment targets to ensure asset preservation and value increase[32]. - There is a risk of goodwill impairment due to the acquisition of Tianan Pharmaceutical and Xinbai Pharmaceutical, which could negatively affect the company's financial results if their operations deteriorate[32]. - The company has committed RMB 100 million to increase its stake in Tianan Pharmaceutical, completing the payment by the end of January 2014[48]. Risks and Challenges - The company faces risks related to the establishment of new plasma collection stations due to high uncertainty from national policies and regional environments[10]. - There is a risk that new products may not obtain registration certificates in a timely manner, affecting their market launch[11]. - The company is at risk of delays in obtaining product registration certificates for new blood products, which could impact product launches; it aims to enhance R&D efforts and collaborate with research institutions[29]. - The company faces high uncertainty in applying for new plasma stations due to varying national policies and regional environments, but it plans to leverage its qualifications and management experience to establish new stations[28]. Research and Development - Research and development expenses increased to CNY 7,501,729.39 from CNY 6,717,470.57, reflecting a growth of 11.6%[62]. - The company terminated the blood product R&D center project, reallocating resources to a new R&D center in Beijing, which is expected to enhance R&D capabilities[50]. - The company aims to enhance its raw plasma supply capabilities by expanding existing plasma collection stations[47]. Shareholder Commitments - The company’s major shareholders have committed to not transferring their shares for specified periods to avoid conflicts of interest and ensure stability[35]. - The company has a commitment to avoid competition with its major shareholders, ensuring that its blood product business remains the sole integration platform[36]. - The company’s major shareholder has pledged to cover any liabilities related to social security and housing fund contributions, ensuring no financial loss to the company[36]. Fundraising and Expenditures - Total raised funds amounted to ¥92,292.63 million, with ¥12,578.29 million invested in the current quarter[45]. - Cumulative investment from raised funds reached ¥61,472.19 million, with no changes in the use of raised funds[45]. - The single plasma collection station project has an investment total of ¥3,610.27 million, with ¥2,805.26 million invested, achieving 99.85% of the investment progress[45]. - The hepatitis B immunoglobulin series project has an investment total of ¥8,750.79 million, with ¥2,616.1 million invested, achieving 89.47% of the investment progress[45].

Financial Performance - The company's operating revenue for 2015 was ¥543,182,670.87, representing a 24.07% increase compared to ¥437,792,952.80 in 2014[20]. - The net profit attributable to shareholders for 2015 was ¥151,798,745.01, a 45.71% increase from ¥104,179,698.59 in 2014[20]. - The net cash flow from operating activities for 2015 was ¥147,018,107.73, up 20.62% from ¥121,884,584.71 in 2014[20]. - The total assets at the end of 2015 reached ¥2,188,215,551.87, a 114.99% increase from ¥1,017,831,687.41 at the end of 2014[20]. - The basic earnings per share for 2015 was ¥0.66, a decrease of 51.82% compared to ¥1.37 in 2014[20]. - The weighted average return on equity for 2015 was 16.23%, an increase of 3.46 percentage points from 12.77% in 2014[20]. - The company reported a total of ¥27,112,871.48 in non-recurring gains for 2015, significantly higher than ¥5,038,551.75 in 2014[26]. - The net profit excluding non-recurring gains for 2015 was ¥124,685,873.53, a 25.77% increase from ¥99,141,146.84 in 2014[20]. - The company achieved total operating revenue of CNY 543,182,670.87, an increase of 24.07% year-on-year[45]. - The operating profit reached CNY 192,290,155.67, reflecting a growth of 48.61% compared to the previous year[45]. - The blood products business generated operating revenue of CNY 342,355,581.43, up 15.88%, accounting for 63.03% of total revenue[46]. - The net profit from the blood products segment was CNY 128,433,177.41, a 41.74% increase, representing 84.61% of the net profit attributable to shareholders[46]. Investments and Acquisitions - The company increased its stake in Tianan Pharmaceutical from 55.586% to 83.356% and fully acquired Xinbai Pharmaceutical, expanding its business into diabetes medication and biochemical drugs[30]. - The successful acquisition of Xinbai Pharmaceutical was completed on November 30, 2015, with Xinbai generating revenue of approximately 18.56 million yuan and a net profit of about 2.45 million yuan in December 2015[51]. - The company invested 100 million yuan in a pharmaceutical industry merger fund and acquired 16.13% of Xinbai Pharmaceutical's shares as part of its strategic restructuring[53]. - The company has invested ¥620,006,200.00 to acquire 100% of Xinbai Pharmaceutical, focusing on freeze-dried powder injections and raw materials[95]. - The company has established a new subsidiary, Jiangxi Boya Xinhao Pharmaceutical Co., Ltd., with a capital increase of 50 million yuan from the remaining raised funds[108]. Research and Development - The company emphasizes the long development cycle for new pharmaceutical products, which includes research, animal testing, clinical trials, and registration, posing risks if products do not receive timely approval[5]. - The company is increasing R&D investment to accelerate the development of coagulation factor products and expand its product range[133]. - The company has six self-developed invention patents, enhancing its core competitiveness and innovation capabilities[80]. - The company plans to invest 96.4 million yuan in the construction of a production and research building for coagulation factor products, enhancing its research capabilities[61]. - The company has established a provincial-level blood product research engineering center and a provincial key laboratory to enhance its R&D conditions[97]. Market and Industry Context - The company aims to become a world-class blood product enterprise and plans to expand into diabetes and related complications, orthopedics, and high-end anti-infection drugs[35]. - The blood products industry in China has a demand for over 12,000 tons of plasma, but the domestic collection volume only meets half of this demand[121]. - In 2015, China's pharmaceutical manufacturing industry achieved a total revenue of 2,553.71 billion CNY, with a year-on-year growth of 9.10%[123]. - The company aims to strengthen its position in blood products while expanding into diabetes medications and other pharmaceutical areas[120]. Risk Management - The company faces a significant risk of raw material supply shortages due to the tight supply of human plasma, which directly impacts production capacity in the blood products sector[5]. - The company has established a comprehensive quality management system to mitigate product quality risks[135]. - The company is focused on improving the profitability of its non-blood products by optimizing internal management and reducing production costs[127]. - The company faces risks related to raw material supply shortages and will seek to increase plasma collection and establish new stations to mitigate this risk[130]. Corporate Governance and Shareholder Relations - The company has a dedicated investor relations team to manage communications and disclosures, ensuring transparency with stakeholders[17]. - The controlling shareholder, Shenzhen Gaotejia Investment Group, committed to not transferring or managing shares for 60 months post-listing[150]. - Shareholders committed to not transferring shares for 36 months post-listing, ensuring stability in shareholding[150]. - The company has established a commitment to compensate for any losses incurred due to non-fulfillment of promises made by its controlling shareholder[156]. - The company has ensured compliance with regulations regarding the transfer of shares by various investment entities for 36 months post-transaction[152]. Cash Dividends and Financial Policies - The company plans to distribute a cash dividend of 2.00 yuan per 10 shares, totaling 53,476,960.20 yuan, which represents 100% of the distributable profit[143]. - The cash dividend for 2015 accounts for 35.23% of the net profit attributable to ordinary shareholders[148]. - The company has a cash dividend policy that aligns with its development strategy and operational conditions[141]. - The company has not proposed any stock increases or bonus shares for the current year[144].

Financial Performance - Total operating revenue for the reporting period reached ¥132,715,357.90, a 23.73% increase year-on-year[9] - Net profit attributable to shareholders was ¥33,657,452.97, reflecting a 26.93% increase compared to the same period last year[9] - Basic earnings per share rose to ¥0.15, a 25.00% increase year-on-year[9] - The weighted average return on equity increased by 0.47 percentage points to 3.74%[9] - The total operating revenue for the first three quarters of 2015 reached ¥357,890,322.57, an increase of 20.06% compared to the same period last year[27] - The net profit attributable to shareholders for the first three quarters was ¥104,331,155.98, reflecting a growth of 46.99% year-on-year[27] - Cash received from sales of goods and services increased by 32.66% year-on-year, indicating improved sales collection[28] - The blood products business generated total revenue of ¥232,066,696.70, up 16.05% year-on-year, driven by customer demand and product sales structure adjustments[28] - The diabetes medication business under Tianan Pharmaceutical achieved revenue of ¥124,243,043.35, a growth of 28.37% compared to the previous year[28] Assets and Liabilities - Total assets increased to ¥1,129,979,494.70, representing an 11.02% increase compared to the end of the previous year[9] - Current assets decreased from CNY 602,678,482.19 to CNY 519,544,677.43, a decline of about 14%[59] - Non-current assets increased significantly from CNY 415,153,205.22 to CNY 610,434,817.27, reflecting a growth of approximately 47%[60] - The total liabilities increased from CNY 93,902,876.94 to CNY 135,069,431.56, a rise of approximately 44%[61] - The equity attributable to shareholders increased from CNY 858,386,497.29 to CNY 917,237,653.27, reflecting a growth of about 7%[62] Cash Flow - The company reported a net cash flow from operating activities of ¥83,997,679.14, which decreased by 8.92% compared to the previous year[9] - Operating cash flow for the third quarter was CNY 83,997,679.14, a decrease of 8.3% from CNY 92,228,055.85 in the previous year[82] - The net cash flow from operating activities was 1,749,826.68 CNY, a significant decrease from 47,120,965.09 CNY in the previous period[85] - Total cash inflow from operating activities was 240,593,730.84 CNY, compared to 210,270,326.26 CNY in the prior period, reflecting a growth of approximately 14.4%[85] - Cash outflow from operating activities totaled 238,843,904.16 CNY, up from 163,149,361.17 CNY, indicating an increase of about 46.3%[85] Shareholder Information - Total number of shareholders at the end of the reporting period is 11,981[19] - The largest shareholder, Shenzhen Gaotejia Investment Group Co., Ltd., holds 35.11% of shares, amounting to 79,846,418 shares, with 54,120,000 shares pledged[19] - The company's total share capital increased by 200% compared to the beginning of the year due to the capitalization of capital reserves, resulting in a total share capital of 227,400,000 shares[22] Risks and Challenges - The company faces risks related to raw material supply shortages due to tightened regulations and industry competition[13] - There is a high level of uncertainty regarding the application for new plasma collection stations due to varying national policies and regional conditions[14] - The company is at risk of delays in obtaining product registration certificates, which could impact the launch of new products[15] - Future investment projects in the pharmaceutical industry may face significant risks due to increasing competition and market dynamics[16] - The company faces significant risks related to the supply of raw materials, specifically healthy human plasma, which is currently in tight supply due to regulatory constraints[37] - The company is one of the few with the qualification to establish new plasma collection stations, but the application process is highly uncertain due to varying national policies and regional environments[38] Investment and Expansion Plans - The company plans to expand the number of plasma collection stations to over 12 within the next 3-5 years[31] - The construction of a new solid preparation GMP workshop is underway, which will add a capacity of 1.5 billion tablets/capsules[32] - The company is pursuing a major asset restructuring plan to acquire 83.87% of Nanjing Xinbai Pharmaceutical and 27.77% of Tianan Pharmaceutical, with a fundraising target of up to ¥50,000,000[33] - A collaboration agreement was signed with French company LFB Biomedicaments to enhance product development and innovation capabilities[34] - The company plans to establish a Beijing R&D center with an investment of CNY 1,000 million, which has been fully allocated[49] Fundraising and Financial Management - Total fundraising amount for the quarter reached CNY 43,273.63 million, with CNY 245.84 million invested during the period[48] - Cumulative amount of fundraising with changed purposes is CNY 33,563.92 million, with no changes reported in the current period[48] - The company has utilized CNY 4,000 million of oversubscription funds to repay bank loans and CNY 1,400 million for working capital[50] - The company reported a total of 131.64 million yuan remaining in its fundraising account as of September 30, 2015[52] - The company received feedback from the China Securities Regulatory Commission regarding its asset purchase and fundraising plan, indicating ongoing regulatory compliance efforts[54]

Financial Performance - Total operating revenue for the first half of 2015 was CNY 225,174,964.67, representing an increase of 18.00% compared to CNY 190,819,220.73 in the same period last year[14]. - Net profit attributable to ordinary shareholders of the listed company reached CNY 70,673,703.01, a significant increase of 58.96% from CNY 44,458,744.47 year-on-year[14]. - Basic earnings per share increased to CNY 0.62, up 58.97% from CNY 0.39 in the previous year[14]. - Operating profit reached CNY 89,949,310.68, reflecting a significant growth of 69.73% compared to the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 47,036,972.02, which is a 14.88% increase from CNY 40,942,755.80 year-on-year[14]. - The company achieved total operating revenue of CNY 225,174,964.67, an increase of 18.00% year-on-year[27]. - The company reported a significant increase in production for several products, including a 85.22% rise in 50ml human albumin and a 71.90% increase in human fibrinogen[34]. - The company reported a total profit of ¥91,543,847.44, up from ¥57,527,854.15, reflecting a growth of 59%[133]. Assets and Liabilities - The company's total assets as of June 30, 2015, were CNY 1,095,499,186.20, reflecting a growth of 7.63% from CNY 1,017,831,687.41 at the end of the previous year[14]. - The company's equity attributable to ordinary shareholders increased by 2.94% to CNY 883,580,200.30 from CNY 858,386,497.29 at the end of the previous year[14]. - Accounts receivable increased by 31.29% to ¥66,366,598.80, primarily due to increased sales revenue[36]. - Current liabilities rose to CNY 133,822,044.11, compared to CNY 86,862,111.48, indicating an increase of about 54%[125]. - The company reported a total liability of CNY 140,321,456.94, up from CNY 93,902,876.94, which is an increase of approximately 49.2%[126]. Cash Flow - The net cash flow from operating activities decreased by 37.81% to CNY 44,292,996.54, down from CNY 71,227,061.23 in the previous year[14]. - The company reported a net cash flow from operating activities of ¥44,292,996.54, a decrease of 37.81% compared to the previous year, mainly due to increased material purchases and employee compensation adjustments[38]. - The company’s cash and cash equivalents at the end of the reporting period amount to ¥260,015,915.02, down from ¥345,935,091.90 at the beginning of the period[123]. - The total cash and cash equivalents at the end of the period decreased to 199,149,870.19 yuan from 217,835,269.80 yuan in the previous period[142]. Business Operations - Blood products business generated revenue of CNY 145,514,335.88, a year-on-year increase of 14.44%, with net profit of CNY 62,162,769.01, growing by 58.27%[28]. - Non-blood products business, primarily diabetes-related, reported revenue of CNY 78,856,745.29, up 26.51%, and net profit of CNY 16,667,367.65, an increase of 12.53%[29]. - The company expanded its plasma collection stations from 5 to 8, with new licenses obtained for Fengcheng and Xinfeng stations in February and for Linshui station in June 2015[28]. - The company is actively pursuing international R&D collaborations with several well-known blood product companies to enhance its technological capabilities[33]. Investment and Acquisitions - The company invested CNY 100 million in a pharmaceutical industry merger fund, which successfully acquired 100% of Nanjing Xinbai Pharmaceutical[30]. - The company plans to acquire 83.87% of Nanjing Xinbai Pharmaceutical Co., Ltd. and 27.77% of Tianan Pharmaceutical Co., Ltd. through a combination of share issuance and cash payment, with a total fundraising target of up to 500 million RMB[62]. - The company transferred 32% equity of Zhejiang Haikang Biological Products Co., Ltd. for 57.51 million RMB, generating an investment income of 25.76 million RMB[60]. Shareholder Information - The company plans to increase its total share capital from 113.7 million shares to 227.4 million shares by issuing 10 additional shares for every 10 shares held, with no cash dividends for the first half of 2015[88]. - The company will distribute a cash dividend of 6.00 yuan per 10 shares, totaling 45,480,000 yuan, and will also increase its capital stock by 5 shares for every 10 shares held, resulting in a total share capital increase of 37,900,000 shares[106]. - The largest shareholder, Shenzhen Gaotejia Investment Group, holds 35.11% of shares, amounting to 39,923,209 shares, with 25,860,000 shares pledged[112]. Regulatory and Compliance - The company has maintained a stable relationship with its related parties, with no significant non-operating fund occupation reported[93]. - The company has adhered to all commitments made by its shareholders during the reporting period[99]. - The company’s financial audit received a standard unqualified opinion from Jiangsu Gongzheng Tianye Accounting Firm[122]. Risks and Challenges - The company faces risks related to raw material supply shortages and regulatory uncertainties in establishing new plasma collection stations[20][21]. - The company faces risks related to raw material supply shortages, which could impact production scale, and is taking measures to secure plasma supply[64].

江西博雅生物制药股份有限公司 2015 年第一季度报告全文 江西博雅生物制药股份有限公司 2015 年第一季度报告 2015-035 2015 年 04 月 1 江西博雅生物制药股份有限公司 2015 年第一季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐建新、主管会计工作负责人陈海燕及会计机构负责人(会计主 管人员)万思艳声明：保证季度报告中财务报告的真实、完整。 2 江西博雅生物制药股份有限公司 2015 年第一季度报告全文 | | | | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 发行人、公司、本公司、博雅生物 | 指 | 江西博雅生物制药股份有限公司 | | 高特佳集团、高特佳 | 指 | 深圳市高特佳投资集团有限公司，本公司控股股东 | | 南城公司、南城浆站 | 指 | 南城金山单采血浆有限公司，本公司全资子公司 | | 南康公司、南康浆站 | 指 | ...

Financial Performance - The company's operating revenue for 2014 was CNY 437,792,952.80, representing a 78.49% increase compared to CNY 245,278,066.33 in 2013[15] - The operating profit for 2014 reached CNY 129,392,868.51, a 37.90% increase from CNY 93,831,230.89 in the previous year[15] - The net profit attributable to shareholders was CNY 104,179,698.59, up 26.43% from CNY 82,403,126.07 in 2013[15] - The basic earnings per share for 2014 were CNY 1.37, a 25.69% increase from CNY 1.09 in the previous year[15] - The company reported a net profit of CNY 99,141,146.84 after deducting non-recurring gains and losses, which is a 25.43% increase from CNY 79,042,850.51 in 2013[15] - The company achieved total revenue of CNY 437,792,952.80 in 2014, representing a year-on-year growth of 78.49% primarily due to stable growth in blood product sales and increased diabetes drug sales from the consolidation of Tianan Pharmaceutical[51] Assets and Liabilities - The company's total assets at the end of 2014 were CNY 1,017,831,687.41, a 1.33% increase from CNY 1,004,469,771.29 at the end of 2013[15] - The company's total liabilities decreased by 40.51% to ¥93,902,876.94, while total equity increased by 8.37% to ¥858,386,497.29[16] - The asset-liability ratio improved to 9.23%, down 6.48 percentage points from the previous year[16] - The total assets of Jiangxi Boya Biological Pharmaceutical Co., Ltd. as of December 31, 2014, amounted to CNY 1,017,831,687.41, an increase from CNY 1,004,469,771.29 at the beginning of the year[185] - The company's current assets totaled CNY 602,678,482.19, a decrease of approximately 2% from CNY 617,792,952.86 at the beginning of the year[185] Cash Flow - The net cash flow from operating activities was CNY 121,884,584.71, reflecting a 36.79% increase compared to CNY 89,106,522.68 in 2013[15] - The company's cash and cash equivalents at the end of the period were CNY 345,935,091.90, down from CNY 398,527,544.23, representing a decline of about 13%[185] - The net cash flow from operating activities for the current period is ¥99,747,792.51, a decrease of 5.0% compared to ¥106,048,992.63 in the previous period[200] Business Segments - The blood products business generated revenue of ¥295,435,578.21, up 20.45% year-on-year, driven by increased plasma collection and product yield[34] - The non-blood products business, primarily from the acquisition of Tianan Pharmaceutical, reported revenue of ¥140,245,724.10, a growth of 16.13%[34] - The blood products business generated a net profit of ¥90,609,345.95, up 9.72% from the previous year[49] - Tianan Pharmaceutical, under the company's management, reported operating revenue of ¥140,245,724.10, a 16.13% increase year-on-year[37] Research and Development - R&D expenses amounted to ¥16,643,700, representing a 17.06% increase compared to the previous year[41] - The company has applied for patents related to hepatitis B immunoglobulin and rabies immunoglobulin production processes, enhancing its intellectual property portfolio[42] - The company has established a research and development center in Beijing, which will focus on specific immunoglobulin research and the development of new blood products, leading to the termination of the blood product R&D center project[85] Investments and Acquisitions - The company has acquired a 55.586% stake in Tianan Pharmaceutical, enhancing its business scale and profitability[33] - The company completed its three major fundraising projects, utilizing surplus funds for strategic acquisitions and investments[39] - The company has completed the acquisition of 100% equity in Ren Shou Pharmaceutical, with a transaction price of 54.04 million CNY, which is expected to enhance its pharmaceutical resource integration[109] Shareholder Information - The total number of shares outstanding is 75,800,000, with 57.94% being subject to trading restrictions[139] - The largest shareholder, Shenzhen Gaotejia Investment Group Co., Ltd., holds 35.11% of shares, amounting to 26,615,473 shares, with 3,200,000 shares pledged[144] - The company has maintained a consistent cash dividend policy, with cash dividends accounting for 100% of the profit distribution in the reporting period[97] Governance and Management - The company has implemented strict information disclosure management to ensure transparency and fairness[170] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.49 million yuan[159] - The company’s board includes members with diverse backgrounds in finance, law, and pharmaceuticals, enhancing its governance structure[153][154] Market Strategy - The company plans to establish a pharmaceutical industry project in Fuzhou with an investment of ¥200 million, enhancing its competitive edge in the market[88] - The company aims to develop its blood products business into a leading domestic manufacturer, focusing on high-quality factor products and advanced R&D technology[91] - The company is committed to creating a "four-in-one" industrial development pattern to become a respected pharmaceutical group, providing high-quality healthcare products and services[91]