硕世生物首次公开发行股票募集资金总额为68,579.48万元，募集资金净额为61,293.36万元，较原计划多 21,028.36万元。硕世生物于2019年11月29日披露招股说明书显示，该公司拟募集资金40,265万元，计划 用于硕世生物泰州总部产业园项目。 硕世生物首次公开发行股票的发行费用总额为7,286.12万元(发行费用均为含税金额)，其中，保荐及承 销费用为5,493.46万元。 2025年6月7日，硕世生物公告以每10股转增4.8股，股权登记日2025年6月12日，除权除息日2025年6月 13日，红股上市日2025年6月13日。 中国经济网北京8月11日讯硕世生物(688399.SH)近日披露2025年半年度报告。报告期内，该公司实现营 业收入1.76亿元，同比下降1.05%；实现归属于上市公司股东的净利润399.26万元，同比下降86.35%； 实现归属于上市公司股东的扣除非经常性损益的净利润-2804.79万元，上年同期为-212.52万元；经营活 动产生的现金流量净额为-57.56万元，上年同期为7428.90万元。 2024年，硕世生物实现营业收入3.50亿元，同比下降13.29%；归 ...

来源：瑞恩资本RyanbenCapital 他认为，中国生物科技产业有一定的行业韧性，这也可以从药明康德期中财报看来，获利已经有强劲恢 复，股价也从最低40港币回升到100港币。但美国近二年生物科技新股IPO，90%跌破发行价，华人企业 或基金关联的个股，表现相对较好。 至于外界关注香港此波生物科技板块的上涨，是否有国际资金参与？他则说，包括近期花旗完成恒瑞医 药(01276.HK)的筹资或一档新IPO个股维立志博-B(09887.HK)等，都有见到国际资金的参与，显示此波 港股的上涨，不光只是大陆资金北水。 花旗集团投资银行医疗健康部亚太区主管(Managing Director, Head of Asia Pacific Healthcare Investment Banking at Citigroup)张凌(Ling Zhang)周一(8月11日)在亚太生物科技投资论坛上表示，欧洲生物科技融 资热度下降，企业首选是去美国以及亚太市场，十二个月以前首选都是美国，但过去六个月发生天翻地 覆改变，出现东升西降趋势，不仅有中国资金的北水，国际资金也有积极参与。 张凌表示，欧洲已不再是Biotech等生物科技融 ...

Core Viewpoint - Shandong province is effectively addressing the issue of idle land resources through innovative thinking and government-led initiatives, achieving a 20.50% reduction in land use per unit of GDP by the end of 2024, surpassing the 15% target set for the "14th Five-Year Plan" period [1] Group 1: Land Utilization and Economic Development - The "tenglong huan niao" (replace old with new) model has been successfully implemented in Linyi's Yihe New District, where over 1,000 acres of idle land have been transformed into productive sites, facilitating the establishment of 97 projects [3] - In the Fencheng Economic Development Zone, a 660MW advanced compressed air energy storage project has commenced construction on land previously occupied by a traditional farming enterprise, expected to generate 8.7 billion kWh annually with a conversion efficiency of 75% [3] - From 2021 to 2024, Shandong has disposed of 265,400 acres of idle land, exceeding national annual disposal targets and ranking among the top in the country [4] Group 2: Innovative Land Management Practices - The Rizhao High-tech Zone is developing a cold chain and logistics complex on 125 acres of low-efficiency land, projected to generate over 250 million yuan in annual revenue [5] - The introduction of a performance management platform for industrial land in Rizhao has enabled precise evaluations of land use efficiency, leading to the activation of 1,293 acres of low-efficiency land for 45 new projects with total investments exceeding 20 billion yuan [6] - New Tai City has adopted a "rent first, then sell" model to efficiently activate idle land and factories, resulting in the approval of construction for 18 industrial projects and the activation of 1,260 acres of land [8] Group 3: Case Studies of Successful Land Activation - The Shandong Chen Sheng New Materials Co., Ltd. has successfully established a production line on previously idle land, achieving sales of 100 million yuan [9] - The "Ponghu Ming She" boutique inn in Yantai has revitalized an old residential building, attracting over 1,000 visitors during peak season [7] - The establishment of an e-commerce base in the He Kou District has transformed 300 acres of idle land into a thriving hub for over 200 merchants, with monthly transactions nearing 30 million yuan [6]

Core Insights - A new company, Fuyang Shangtai Biotechnology Co., Ltd., has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Zhang Zhen [1] Business Scope - The company is engaged in the sale of first-class medical devices and adult products (excluding drugs and medical devices) [1] - It also manufactures and sells daily miscellaneous goods, non-medical face masks, office supplies, stationery, cultural and office equipment, toys, health foods (pre-packaged), and various food products [1] - The company is involved in the retail of pet food and supplies, daily chemical products, maternal and infant products, cosmetics, and clothing [1] - Additionally, it has a license for the production of health foods, which requires approval from relevant authorities before operations can commence [1]

Core Viewpoint - The Chinese government is implementing a series of structural monetary policies to support technological innovation, boost consumption, assist small and micro enterprises, and stabilize foreign trade, with a particular focus on addressing the financing difficulties faced by small and micro enterprises [1][2]. Group 1: Financing Support Mechanisms - A coordination mechanism has been established to facilitate quick connections between small enterprises and financial institutions, exemplified by the case of Zhejiang Mailong Electric Co., which received a loan of 9.9 million yuan within three days through a dedicated service team [2][3]. - By the end of June, 960,000 small enterprises in Zhejiang had received credit support through this mechanism, demonstrating its effectiveness in addressing financing needs [3][4]. Group 2: Policy Measures to Reduce Financing Costs - The introduction of an optimized non-repayment loan policy has expanded eligibility to all small enterprises, significantly alleviating their financial burdens and reducing the need for high-cost bridge financing [5][6]. - As of June, the balance of renewed loans for small enterprises reached 820 billion yuan, reflecting a year-on-year increase of 43.8% [6][7]. Group 3: Credit Platforms and Efficiency Improvements - The establishment of credit platforms, such as the "Tianfu Credit Pass," has improved financing efficiency by providing data-driven credit assessments for enterprises lacking collateral, as seen in the case of Tianyun Biotechnology [8][9]. - Various regions are enhancing credit information sharing and improving risk management models to better support small enterprises, thereby addressing the common challenges of financing difficulties and high costs [9][10].

Core Viewpoint - Jinglin Asset has made significant adjustments to its portfolio in the second quarter, focusing on increasing positions in Nvidia and Manbang Group while liquidating holdings in Apple, Pfizer, Legend Biotech, and ZTO Express. The firm believes that the valuation recovery of Chinese assets may be at a midpoint, necessitating a focus on identifying new companies with strong business models and cash flows [1][11]. Group 1: Portfolio Adjustments - As of the end of Q2, Jinglin Asset held stocks in 28 companies in the US market, with a total market value of $2.874 billion [1][12]. - The top ten holdings include Meta, NetEase, Manbang Group, Pinduoduo, Futu Holdings, Qifu Technology, Nvidia, Beike, New Oriental, and Nebius Group [3][12]. - New additions to the top ten holdings are Nvidia and Nebius Group, while significant reductions were made in technology and pharmaceutical stocks [4][5]. Group 2: Specific Stock Movements - Jinglin Asset increased its stake in Nvidia, acquiring 630,440 shares after previously selling 37,800 shares in Q1, indicating a renewed confidence in the company's valuation and fundamentals [5]. - The firm completely exited positions in Apple and reduced holdings in several tech stocks, including a more than 90% reduction in Taiwan Semiconductor Manufacturing Company and significant cuts in Hesai Technology [9][12]. - In the healthcare sector, Jinglin Asset liquidated positions in Regeneron, Pfizer, and Legend Biotech, reflecting a cautious stance towards certain pharmaceutical stocks [9]. Group 3: Market Outlook - Jinglin Asset remains optimistic about Chinese assets, focusing on structural opportunities despite macroeconomic pressures. The firm emphasizes the importance of monitoring policy changes and believes that new investment opportunities will arise in emerging sectors [11]. - The firm identifies potential growth areas in new consumer trends, innovative pharmaceuticals, and hard technology innovations in China, suggesting that the recovery of Chinese asset valuations is ongoing [11].

来源：金融界 序号股东名称持股比例1北京中科健兰生物科技有限公司75%2杭州任运自成贸易有限公司25% 企业名称中科健兰（杭州）生物科技有限公司法定代表人陈志超注册资本2000万人民币国标行业科学研 究和技术服务业>研究和试验发展>工程和技术研究和试验发展地址浙江省杭州市上城区清吟街108号 3180室企业类型其他有限责任公司营业期限2025-8-8至无固定期限登记机关杭州市上城区市场监督管理 局 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；工程和技术研究和试验 发展；细胞技术研发和应用；生物化工产品技术研发；第一类医疗器械销售；第二类医疗器械销售；第 一类医疗器械生产；会议及展览服务；健康咨询服务（不含诊疗服务）；化妆品批发；化妆品零售；保 健用品（非食品）销售(除依法须经批准的项目外，凭营业执照依法自主开展经营活动)。许可项目：第 三类医疗器械经营；第三类医疗设备租赁；第二类医疗器械生产；第三类医疗器械生产；食品销售(依 法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以审批结果为准)。 天眼查显示，近日，中科健兰（杭州）生物科技有限公司成立，法定代表人为陈志超， ...

Core Viewpoint - The Hong Kong Stock Exchange has introduced a new policy called "Tech Company Special Line," which provides a confidential listing channel and lowers the threshold for specialized technology and biotechnology companies, attracting more tech firms to consider listing in Hong Kong [1]. Group 1: Policy Overview - The new policy aims to facilitate the listing of specialized technology companies (e.g., AI, chips, new energy) and biotechnology companies (e.g., innovative drugs, medical devices), particularly those in early stages or with non-commercialized products [3][4]. - In June 2025 alone, 15 new stocks were listed in Hong Kong, with a peak of five companies listed on the same day in early July, and around 200 applications currently under review [1]. Group 2: Eligibility Criteria - Companies must belong to the categories defined by the Hong Kong Stock Exchange as "specialized technology" or "biotechnology" [3]. - Specialized technology includes fields such as artificial intelligence, quantum computing, new energy, semiconductors, and autonomous driving [3]. - Biotechnology includes innovative drug development, gene therapy, and high-end medical devices [4]. - Companies must have R&D expenditures constituting at least 15% of total costs over the past three years for specialized technology or have core products that have passed Phase I clinical trials for biotechnology [4]. Group 3: Application Process - Companies should first assess their eligibility using the self-assessment tool available on the Hong Kong Stock Exchange website [6]. - If uncertain, they can fill out the inquiry form and send it to the Hong Kong Stock Exchange for preliminary feedback within a week [7]. - The application process involves signing a Non-Disclosure Agreement (NDA) and submitting confidential materials in a specified format [8][10]. Group 4: Review and Feedback - The review team from the Hong Kong Stock Exchange will provide feedback within 30 days, focusing on technical feasibility and compliance [11]. - Companies are advised to provide third-party technical certifications and ensure transparency in related transactions to avoid common pitfalls [17][20]. Group 5: Post-Listing Compliance - After listing, companies must disclose information regarding technological commercialization progress and significant collaborations, while they can apply for exemptions for sensitive details related to national security [22]. - Maintaining market capitalization can be supported by publishing quarterly R&D updates and engaging with analysts regularly [23]. - Companies can utilize a simplified procedure for issuing new shares, allowing for rapid approval [24]. Group 6: Comparative Analysis - The article compares the listing requirements and processes across different markets, highlighting that Hong Kong's "Tech Company Special Line" has no profitability requirement, a shorter review period, and lower disclosure requirements compared to A-shares and U.S. markets [25].

Company Overview - Recently, Oasis (Kedong County) Biotechnology Co., Ltd. was established with a registered capital of 1 million RMB [1] - The legal representative of the company is Xu Pengfei [1] Business Scope - The company is involved in various licensed projects including food production, beverage production, food sales, and internet sales of food [1] - General projects include manufacturing plastic packaging boxes and containers, vending machine sales, retail of cosmetics, and various logistics services [1] - Additional services offered include software development, leasing services (excluding licensed leasing), and information technology consulting [1]

Company Overview - Beilemei Biotechnology (Shijiazhuang) Co., Ltd. has recently been established with a registered capital of 300,000 RMB [1] - The legal representative of the company is Meng Jutao [1] Business Scope - The company’s business scope includes general projects such as technology services, development, consulting, exchange, transfer, and promotion [1] - It also engages in the sale of disinfectants (excluding hazardous chemicals), daily chemical products, and personal hygiene products [1] - The company is involved in import and export activities, including technology import and export, and acts as an import and export agent [1] Manufacturing and Licensing - The company is licensed to produce disinfectants (excluding hazardous chemicals), feed, and products for the prevention of infectious diseases [1] - It is also authorized to manufacture sanitary products and disposable medical supplies, subject to approval from relevant authorities [1]