Core Viewpoint - Fosun Pharma (1652.HK) announced the sale of its wholly-owned subsidiary, Fosun Smart Energy Technology Co., Ltd., for 73 million yuan to Henan Xisheng Industrial Development Co., Ltd. This strategic move aims to streamline resources and refocus on its core pharmaceutical business [1][4]. Group 1: Transaction Details - The buyer, Henan Xisheng, is primarily engaged in property leasing and management, equipment leasing, enterprise engineering, and private equity investment [4]. - Fosun Smart Energy was established in February 2023 with a registered capital of 50 million yuan, focusing on the installation and operation of photovoltaic power generation systems [4]. - The sale price of 73 million yuan is expected to yield a profit of 1.3 million yuan for Fosun Pharma, with net proceeds of approximately 72.8 million yuan allocated for general working capital [4]. Group 2: Business Context - Fosun Smart Energy operates three photovoltaic systems with installed capacities of approximately 6.089 MW, 6.387 MW, and 14.886 MW [4]. - The photovoltaic business is not a core focus for Fosun Pharma, which is primarily centered on its pharmaceutical operations [4]. - The company has been experiencing losses since 2022, with net losses of 34.61 million yuan in 2022, 36.28 million yuan in 2023, and an expected loss of 189 million yuan in 2024 [5]. Group 3: Recent Developments - On September 15, Fosun Pharma received approval for its Metformin and Ertugliflozin tablets, which are intended to improve blood sugar control in adults with type 2 diabetes [5]. - Following this approval, the company's stock price surged over 400% on September 16, reaching a new high for 2023 [5]. - The approval of this product, although a generic drug, has bolstered Fosun Pharma's confidence in its core pharmaceutical business and may have influenced the decision to divest from non-core operations [5].

Group 1 - The core point of the article highlights that Fosun Pharma (01652) has deposited shares worth HKD 38.0688 million into Galaxy Securities Hong Kong, representing 5% of the total shareholding [1] - Fosun Pharma announced that its research and development product, "Metformin and Empagliflozin Tablets (I)", has received approval from the National Medical Products Administration of China for use in treating type 2 diabetes in adults [1] - The approved medication is intended to be used in conjunction with dietary control and exercise for patients already receiving treatment with Empagliflozin and Metformin hydrochloride to improve blood sugar control [1]

Group 1 - The core point of the article is that Fosen Pharmaceuticals has received approval from the National Medical Products Administration of China for its drug Metformin and Ertugliflozin Tablets, which is intended for the treatment of type 2 diabetes in adults [1] - On September 19, shareholders of Fosen Pharmaceuticals deposited shares worth HKD 38.0688 million into Galaxy Securities Hong Kong, representing 5% of the total shareholding [1]

Company Overview - Yaojie Ankang-B (02617.HK) is a clinical-stage biopharmaceutical company focused on discovering and developing innovative small molecule therapies for oncology, inflammation, and cardiovascular metabolic diseases [4]. Stock Performance - On September 16, Yaojie Ankang-B experienced extreme volatility, with an initial surge of over 63%, reaching a peak price of 679.50 HKD, which is more than 50 times its issue price [2]. - The stock price plummeted dramatically after 14:11, falling to around 280 HKD within an hour, and eventually closing at 192 HKD, marking a decline of 53.73% for the day [2]. - The trading volume was significant, with a total turnover of 45.4 billion HKD and a turnover rate of 4.13% [2]. Financial Status - Yaojie Ankang-B reported zero revenue for the first half of the year and incurred a loss of 123 million HKD [4]. - The company's market capitalization briefly exceeded 250 billion HKD but fell to 76.2 billion HKD after the stock's decline [4]. Market Context - The broader Hong Kong stock market showed mixed performance on the same day, with the Hang Seng Index closing at 26,438.51 points, down 0.03%, while the Hang Seng Tech Index rose by 0.56% [4]. - Other pharmaceutical stocks, such as Fosen Pharmaceutical (01652.HK), saw significant gains, with a rise of over 350% following the approval of a new drug [6]. Capital Flow - After several days of net buying, southbound capital experienced a net sell-off of 3.189 billion HKD on the same day [8]. Market Outlook - Analysts from various firms suggest that the Hong Kong stock market may continue to rise due to ample liquidity and favorable valuation compared to global markets [10].

Group 1 - The Hang Seng Index rose by 0.07%, gaining 19 points to close at 26,465 points, while the Hang Seng Tech Index increased by 0.39% [1] - The early trading volume in Hong Kong stocks reached 160.2 billion HKD [1] Group 2 - New pharmaceutical stocks in the Hong Kong Stock Connect saw significant gains, with ZhiJie AnKang-B (02617) surging over 49%, reaching a market capitalization of over 240 billion HKD; BaiZe Medical (02609) rose over 76%; and TongYuanKang Pharmaceutical-B (02410) increased by over 36% [1] - Fosen Pharmaceutical (01652) experienced a dramatic rise of over 410%, closing at 1.35 HKD, up 297%, following the approval of Metformin and Ertugliflozin tablets [2] - Shanghai Fudan (01385) increased by 5.87%, with the company well-prepared for supply chain disruptions, and Morgan Stanley noted limited impact on demand [2] - SF Express (09699) rose over 6% as its "SoFast" service officially launched in Macau, with Daiwa optimistic about the company's revenue growth prospects [2] - Valiant Bio-B (09887) increased by over 13%, with its core product LBL-024 for melanoma completing its first patient dosing in trials [2] - Bilibili-W (09626) rose by 2.78%, accumulating a total increase of about 25% over the past six days, with the new game "Three Kingdoms: Hundred Generals" set for testing in October [2] - LionTeng Holdings (02562) surged over 7% as it plans to acquire leading companies in artificial intelligence and blockchain to expand its digital finance layout [2] - GCL-Poly Energy (03800) rose by 3.97%, planning a discounted placement to raise approximately 5.392 billion HKD for structural adjustments in polysilicon capacity [2] - China General Nuclear Power Corporation Mining (01164) increased by 6.7%, as the U.S. seeks to expand its strategic uranium reserves, with institutions expecting a recovery in uranium prices [2] - Yunfeng Financial (00376) fell over 16% after announcing a discounted placement to raise about 1.15 billion HKD [2]

Market Overview - The Hang Seng Index rose by 0.07%, gaining 19 points to close at 26,465 points, while the Hang Seng Tech Index increased by 0.39% [1] - Early trading volume in Hong Kong stocks reached HKD 160.2 billion [1] Notable Stock Movements - New pharmaceutical stocks in the Hong Kong Stock Connect surged, with Yaojie Ankang-B (02617) rising over 49%, reaching a market capitalization of over HKD 240 billion [1] - Baize Medical (02609) saw an increase of over 76% [1] - Tongyuan Kang Pharmaceutical-B (02410) rose by over 36% [1] Specific Company Highlights - Fosen Pharmaceutical (01652) experienced a dramatic rise of over 410%, closing at HKD 1.35, up 297%, following the approval of Metformin and Ertugliflozin tablets [2] - Shanghai Fudan (01385) increased by 5.87%, with the company prepared for supply chain disruptions, and Morgan Stanley noted limited impact on demand [2] - SF Express (09699) rose by over 6% as its "SoFast" service launched in Macau, with positive revenue growth prospects according to Daiwa [2] - Valiant Pharmaceuticals-B (09887) increased by over 13%, completing the first medication trial for its core product LBL-024 for melanoma [2] - Bilibili-W (09626) rose by 2.78%, accumulating a 25% increase over six days, with the new game "Three Kingdoms: Hundred Generals" set for testing in October [2] - Liontech Holdings (02562) surged over 7% as it plans to acquire a leading AI and blockchain company to expand its digital finance footprint [2] - GCL-Poly Energy (03800) rose by 3.97%, planning a discounted share placement to raise approximately HKD 5.392 billion for structural adjustments in polysilicon capacity [2] - CGN Mining (01164) increased by 6.7% amid expectations of rising uranium prices as the U.S. seeks to expand its strategic uranium reserves [2] - Yunfeng Financial (00376) fell over 16% after announcing a discounted share placement to raise about HKD 1.15 billion [2]

Core Viewpoint - Fosen Pharmaceutical (01652) experienced a significant stock price surge, rising over 410% at one point and currently up 350%, trading at HKD 1.53 with a transaction volume of HKD 13.89 million [1] Group 1: Company Developments - Fosen Pharmaceutical announced that its research and development product, "Metformin and Empagliflozin Tablets (I)", has received approval from the National Medical Products Administration of China [1] - The approved indication for the product is for the treatment of adult patients with type 2 diabetes who are currently receiving Empagliflozin and Metformin hydrochloride, aimed at improving blood glucose control in these patients [1] - The board believes that Metformin and Empagliflozin Tablets (I) is an important addition to the company's product pipeline in the diabetes treatment sector, providing more treatment options for diabetes patients [1]

Core Viewpoint - Fosen Pharmaceutical (01652) experienced a significant stock price surge, rising over 410% at one point and currently up 350% to HKD 1.53, with a trading volume of HKD 13.89 million [1] Group 1: Product Approval - Fosen Pharmaceutical announced that its research and development product, Metformin and Empagliflozin Tablets (I), has received approval from the National Medical Products Administration of China [1] - The product is indicated for the treatment of adult patients with type 2 diabetes who are currently receiving Empagliflozin and Metformin Hydrochloride, aimed at improving blood glucose control in these patients [1] - The board believes that Metformin and Empagliflozin Tablets (I) is an important addition to the company's product pipeline in the diabetes treatment sector [1] Group 2: Market Impact - The approval of this product is expected to provide more treatment options for a large number of diabetes patients [1]

Core Viewpoint - Fosen Pharmaceutical has received approval from the National Medical Products Administration of China for its Metformin and Empagliflozin Tablets (I), aimed at improving blood sugar control in adult patients with type 2 diabetes [1][2]. Group 1: Product Details - The Metformin and Empagliflozin Tablets (I) are a combination formulation of Metformin hydrochloride and Empagliflozin, which work synergistically to enhance glucose control compared to standard monotherapy [1]. - Metformin reduces hepatic glucose production, inhibits intestinal glucose absorption, and increases peripheral glucose uptake, thereby improving insulin sensitivity [1]. - Empagliflozin, an SGLT2 inhibitor, decreases renal glucose reabsorption, lowers renal glucose threshold, and promotes glucose excretion through urine [1]. Group 2: Market Context - The National Health Commission of China has set a target for 2025, aiming for a 70% management rate and knowledge awareness rate among diabetes patients, indicating a growing demand for diabetes medications [2]. - The Metformin and Empagliflozin Tablets (I) are classified as a Category B drug under medical insurance, offering advantages such as effective glucose-lowering effects and good patient tolerance without serious adverse reactions [2]. - Bioequivalence studies have shown that the product is consistent with the reference formulation, supporting its efficacy in improving blood sugar control in adult patients with type 2 diabetes [2]. Group 3: Strategic Importance - The company views the Metformin and Empagliflozin Tablets (I) as a significant addition to its product pipeline in the diabetes treatment sector, providing more treatment options for patients [2].

Core Viewpoint - Fosun Pharma (01652) has received approval from the National Medical Products Administration of China for its compound formulation "Metformin and Ertugliflozin Tablets (I)", aimed at improving blood sugar control in adult patients with type 2 diabetes who are already on metformin and ertugliflozin treatment [1] Group 1: Product Details - "Metformin and Ertugliflozin Tablets (I)" is a combination of metformin hydrochloride and ertugliflozin, which works synergistically to provide better glycemic control compared to standard monotherapy [1] - Metformin reduces hepatic glucose production, inhibits intestinal glucose absorption, and increases peripheral glucose uptake and utilization, thereby enhancing insulin sensitivity [1] - Ertugliflozin, an SGLT2 inhibitor, lowers renal glucose reabsorption, decreases renal glucose threshold, and promotes glucose excretion through urine [1] Group 2: Market Implications - The approval of this product is seen as a significant addition to Fosun Pharma's product pipeline in the diabetes treatment sector, providing more treatment options for diabetes patients [1]