Core Viewpoint - Shanghai Pharmaceuticals reported a revenue of 283.58 billion yuan for 2025, marking a year-on-year growth of 3.03%, and a net profit attributable to shareholders of 5.725 billion yuan, reflecting a 25.74% increase [1] Group 1: Financial Performance - The company achieved a net cash inflow from operating activities of 6.154 billion yuan, up 5.61% year-on-year [1] - The pharmaceutical industrial sector showed significant improvements in quality and efficiency, with a milestone in innovative research and development [1] Group 2: Innovation and R&D - The company’s first-class innovative drug, Apixaban, received market approval, and the new drug pipeline reached 59 projects, with 6 innovative drugs entering Phase III clinical trials [1] - Key projects such as Renqi Shurong Wan and SHPL-49 showed promising progress [1] Group 3: Production and Cost Management - The company deepened its digital transformation in production, achieving a 22% reduction in comprehensive energy consumption per unit product [2] - Cost management initiatives resulted in savings exceeding 40 million yuan [1][2] Group 4: Marketing and Sales - The company had 40 products with sales exceeding 100 million yuan, with 60 key varieties generating sales of 13.443 billion yuan [1] - The launch of the first improved new drug, Amisulpride orally disintegrating tablets, was successful, and the OTC and health business accelerated to become a second growth curve [1] Group 5: Commercial Sector and Strategic Initiatives - The pharmaceutical commercial sector maintained industry leadership, with core and innovative businesses growing simultaneously [2] - The CSO business surpassed 10 billion yuan in scale, and innovative drug service sales reached 53.7 billion yuan [2] Group 6: Digital Transformation - The company emphasized digital transformation as a key development strategy, integrating technology with core business operations [2] - Over 30 "AI+" projects were implemented, and two core data products were listed on the Shenzhen Data Exchange [2] Group 7: Future Outlook - For 2026, the company plans to adjust market strategies, accelerate international expansion, and optimize innovation resource allocation [3] - The company aims to become a leading enterprise in the pharmaceutical industry through robust operational strategies and a commitment to innovation [3]

Group 1 - The core point of the announcement is that Shanghai Pharmaceuticals Holding Co., Ltd. has successfully included its drug, Amisulpride Orally Disintegrating Tablets, in the National Medical Insurance Catalog, effective from January 1, 2026 [1][4]. - The drug is a modified formulation of Amisulpride, originally launched by Sanofi in France in 1986, and is used for the treatment of adult schizophrenia [1][4]. - The drug's registration details include a specification of 50mg and 0.2g, with approval numbers H20250041 and H20250042 [1]. Group 2 - As of the announcement date, there are no other companies in China that have listed Amisulpride Orally Disintegrating Tablets [2]. - According to the IQVIA database, the hospital procurement amount for Amisulpride oral formulations in 2024 is approximately RMB 168.41 million [3].

Major Events - GuoXia Technology (02655) plans to conduct an IPO from December 8 to December 11, offering 33.85 million H-shares and introducing cornerstone investors such as Huikai Hong Kong [1] - Basilea Pharmaceutica AG (02616) has its drug Pujihua® (Pralsetinib Capsules) included in the National Medical Insurance Directory for 2025 [1] - Four Seasons Pharmaceutical (00460) sees its innovative drug XuanYueNing® included in the National Basic Medical Insurance Drug List for the first time [1] - Shanghai Pharmaceuticals (02607) successfully negotiates and includes Amisulpride Orally Disintegrating Tablets in the National Medical Insurance Directory [1] - Hansoh Pharmaceutical (03692) has its innovative drug Amelotex® approved for two new indications in the updated 2025 National Medical Insurance Directory [1] - Xiansheng Pharmaceutical (02096) sees EnzeShu® and EnDu® included in the updated National Medical Insurance Drug List [1] - Hutchison China MediTech (00013) has its drug Tazverik® included in the first edition of the National Commercial Health Insurance Innovative Drug List [1] - XuanZhu Biotechnology (02575) has its innovative drug XuanYueNing® included in the National Basic Medical Insurance Drug List for the first time [1] - Yino Pharmaceutical (02591) has its H-shares included in the list of eligible securities for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect [1] - China Metallurgical Group (01618) and its subsidiaries plan to sell non-core business assets for approximately 60.68 billion yuan, focusing on core businesses in metallurgical engineering, non-ferrous metals, and mining engineering [1] - Cambridge Technology (06166) intends to invest a total of 405 million yuan to acquire and subscribe for shares in the Yangzhong Happiness Home Venture Capital Partnership Fund [1] Operating Performance - Dongfeng Motor Group (00489) reports cumulative automobile sales of 1.697 million units in the first 11 months, a year-on-year decrease of approximately 0.3% [2] - New天绿色能源 (00956) achieves a cumulative power generation of 1,336.89 million MWh in the first 11 months, an increase of 8.04% year-on-year [2] - Longyuan Power (00916) reports a cumulative power generation of approximately 6,909.64 million MWh in the first 11 months, a year-on-year growth of 0.41% [2] - Baolong Real Estate (01238) records a total contract sales of approximately 6.666 billion yuan in the first 11 months, a year-on-year decline of 43.2% [2]

Core Viewpoint - Shanghai Pharmaceuticals announced that its subsidiary, Shanghai Shenyang Pharmaceutical Co., Ltd., successfully negotiated to include Amisulpride orally disintegrating tablets in the National Medical Insurance Directory, effective from January 1, 2026, to December 31, 2027 [1] Group 1 - Amisulpride orally disintegrating tablets are an improved formulation of Amisulpride tablets, which were launched by Sanofi in France in 1986, and are used for the treatment of adult schizophrenia [1] - As of the announcement date, there are no other companies in China that have launched Amisulpride orally disintegrating tablets [1] - Shanghai Shenyang Pharmaceutical Co., Ltd. became the marketing authorization holder for Amisulpride orally disintegrating tablets after receiving approval from the National Medical Products Administration in October 2025 [1]

Core Viewpoint - Shanghai Pharmaceuticals has successfully included its amisulpride orally disintegrating tablets in the National Medical Insurance Directory, effective January 1, 2026, which is expected to enhance market share and competitiveness [1] Group 1: Company Information - Shanghai Pharmaceuticals' subsidiary, Shanghai Shiyou Zhongxi Pharmaceutical Co., Ltd., has obtained the marketing authorization for amisulpride orally disintegrating tablets [1] - The amisulpride orally disintegrating tablets are a modified formulation of amisulpride tablets originally launched by Sanofi in France in 1986, used for treating adult schizophrenia [1] - As of the announcement date, there are no other companies in China that have launched amisulpride orally disintegrating tablets [1] Group 2: Market Impact - The inclusion of amisulpride orally disintegrating tablets in the National Medical Insurance Directory is expected to expand the product's market share and improve its competitive position [1] - According to the IQVIA database, the hospital procurement amount for amisulpride oral formulations in 2024 is projected to be RMB 168.41 million [1] - The successful negotiation for inclusion in the insurance directory will provide valuable experience for the company in promoting other products [1]

Core Viewpoint - Shanghai Pharmaceuticals has successfully included its amisulpride orally disintegrating tablets in the National Medical Insurance Directory, effective January 1, 2026, which is expected to enhance market share and competitiveness [1] Group 1: Company Information - Shanghai Pharmaceuticals' subsidiary, Shanghai Shiyou Zhongxi Pharmaceutical Co., Ltd., has obtained the listing rights for amisulpride orally disintegrating tablets [1] - The amisulpride orally disintegrating tablets are a modified formulation of the amisulpride tablets launched by Sanofi in France in 1986, used for treating adult schizophrenia [1] - As of the announcement date, there are no other companies in China that have launched amisulpride orally disintegrating tablets [1] Group 2: Market Impact - The inclusion of amisulpride orally disintegrating tablets in the National Medical Insurance Directory is expected to expand the product's market share and improve its competitive position [1] - According to the IQVIA database, the hospital procurement amount for amisulpride oral formulations in 2024 is projected to be RMB 168.41 million [1] - The successful negotiation for inclusion in the insurance directory will provide valuable experience for the company in promoting other products [1]

Core Viewpoint - Shanghai Pharmaceuticals (02607.HK) announced that its drug, Amisulpride Orally Disintegrating Tablets, has been successfully included in the National Medical Insurance Catalog, effective from January 1, 2026, following negotiations with the National Healthcare Security Administration and the Ministry of Human Resources and Social Security [1] Group 1: Drug Information - Amisulpride Orally Disintegrating Tablets is a modified formulation of Amisulpride, originally launched by Sanofi in France in 1986, used for treating adult schizophrenia [1] - Shanghai Pharmaceuticals' subsidiary, Shanghai Shiyou Zhongxi Pharmaceutical Co., Ltd., became the marketing authorization holder for Amisulpride Orally Disintegrating Tablets after approval from the National Medical Products Administration in October 2025 [1] - As of the announcement date, there are no other companies in China that have listed Amisulpride Orally Disintegrating Tablets [1] Group 2: Market Data - According to the IQVIA database, the hospital procurement amount for Amisulpride oral formulations in 2024 is projected to be RMB 168.41 million [1]

Core Viewpoint - Shanghai Pharmaceuticals (601607.SH) announced that its product, Amisulpride Orally Disintegrating Tablets, has been successfully included in the National Medical Insurance Directory, effective January 1, 2026, following negotiations with the National Healthcare Security Administration and the Ministry of Human Resources and Social Security [1] Group 1 - The National Medical Insurance Directory for 2025 was published on December 7, 2025, by the National Healthcare Security Administration and the Ministry of Human Resources and Social Security [1] - The Amisulpride Orally Disintegrating Tablets are a modified formulation of the original Amisulpride Tablets launched by Sanofi in France in 1986, used for treating adult schizophrenia [1] - Shanghai Pharmaceuticals' subsidiary, Shanghai Shiyou Zhongxi Pharmaceutical Co., Ltd., became the marketing authorization holder for Amisulpride Orally Disintegrating Tablets after approval from the National Medical Products Administration in October 2025 [1]

Core Viewpoint - Shanghai Pharmaceuticals (601607.SH) announced that its subsidiary, Shanghai Shiyou Zhongxi Pharmaceutical Co., Ltd., has successfully negotiated to include Amisulpride orally disintegrating tablets in the National Medical Insurance Directory, effective from January 1, 2026, to December 31, 2027 [1] Group 1 - Amisulpride orally disintegrating tablets are a modified formulation of Amisulpride tablets, which were launched by Sanofi in France in 1986, and are used for the treatment of adult schizophrenia [1] - As of the date of the announcement, there are no other companies in China that have listed Amisulpride orally disintegrating tablets [1] - According to the IQVIA database, the hospital procurement amount for Amisulpride oral formulations in 2024 is projected to be 168 million yuan [1]

Core Viewpoint - Shanghai Pharmaceuticals (601607) announced that its subsidiary, Shanghai Pharmaceuticals Zhongxi, has successfully negotiated for the inclusion of Amisulpride orally disintegrating tablets in the National Medical Insurance Directory [1] Group 1: Company Information - The Amisulpride orally disintegrating tablets are an improved formulation of the Amisulpride tablets launched by Sanofi in France in 1986 [1] - The drug is indicated for the treatment of adult schizophrenia [1] Group 2: Industry Impact - The inclusion of Amisulpride in the National Medical Insurance Directory may enhance its market accessibility and potentially increase sales [1]