Core Viewpoint - Shanghai Kaibao (300039.SZ) announced that it and its wholly-owned subsidiary, Shanghai Kaibao Xinyi (Xinxiang) Pharmaceutical Co., Ltd., have a total of 92 drugs included in the National Medical Insurance Directory, with 50 classified as Category A and 42 as Category B [1] Group 1: Drug Inclusion in National Medical Insurance Directory - The company has three exclusive products (Tanreqing Injection, Tanreqing Capsules, and Qishen Capsules) and one exclusive dosage form (Duo Suo Tea Alkaloid Capsules) continuing in the National Medical Insurance Directory (2025) [1] - The company's products Linggui Zhugan Decoction Granules, Yiguan Decoction Granules, and the subsidiary's Duo Suo Tea Alkaloid Tablets are included in the National Medical Insurance Directory (2025) [1] - The exclusive product Tanreqing Capsules remains in the National Medical Insurance Directory (2025) with a reimbursement standard of 4.09 yuan per (0.4g/piece), valid from January 1, 2026, to December 31, 2027 [1] Group 2: Changes in Drug Status - The subsidiary's products, Compound Robama Tablets and Baldness Pills, have been removed from the National Medical Insurance Directory (2025) [1] - Currently, the removal of the aforementioned products from the insurance directory has no substantial impact on the company's operating performance [1] - Other products' inclusion in the National Medical Insurance Directory (2025) remains unchanged compared to the National Medical Insurance Directory (2024) [1]

Core Viewpoint - Shanghai Kaibao (300039.SZ) announced that it and its wholly-owned subsidiary, Shanghai Kaibao Xinyi (Xinxiang) Pharmaceutical Co., Ltd., have a total of 92 drugs included in the National Medical Insurance Directory, with 50 classified as Category A and 42 as Category B [1] Group 1 - The company has three exclusive products (Tan Re Qing injection, Tan Re Qing capsules, and Qi Shen capsules from the subsidiary) and one exclusive dosage form (Duo Suo Tea Alkaloid capsules) that continue to be included in the National Medical Insurance Directory (2025) [1] - The company's products Ling Gui Zhu Gan Tang granules, Yi Guan Jian granules, and the subsidiary's Duo Suo Tea Alkaloid tablets are also listed in the National Medical Insurance Directory (2025) [1] - The exclusive product Tan Re Qing capsules remains in the National Medical Insurance Directory (2025) with a reimbursement standard of 4.09 yuan per (0.4g/piece), with the agreement valid from January 1, 2026, to December 31, 2027 [1] Group 2 - The subsidiary's products, Compound Luo Bu Ma tablets and Ban Hu Wan, have been removed from the National Medical Insurance Directory (2025), but this adjustment has no substantial impact on the company's operating performance [1] - Other products' inclusion in the National Medical Insurance Directory (2025) remains unchanged compared to the National Medical Insurance Directory (2024) [1]

Group 1: Company Overview and Performance - Shanghai Kaibao Pharmaceutical Co., Ltd. is actively engaging with investors through performance briefings and Q&A sessions [1] - The company’s product, Tan Re Qing capsules, is a prescription drug with a medical insurance payment standard of 4.09 yuan per 0.4g capsule [1] - The overall performance of the pharmaceutical industry in Q3 2025 was influenced by macroeconomic conditions, policy adjustments, and market demand fluctuations [3] Group 2: Industry Outlook - The future of the industry is promising, driven by national strategies and policies that emphasize the development of traditional Chinese medicine (TCM) [2] - There is a growing market demand for TCM due to an aging population and increasing chronic disease prevalence, with a shift towards health management and wellness [2] - Technological innovations in standardization and quality control are enhancing the reliability and stability of TCM products [2] Group 3: Product Development and Market Potential - The new product KBZ24020 is a Class 1 new drug aimed at treating acute ischemic stroke with a market potential exceeding 90 billion yuan in the cardiovascular sector [3] - The product is still in the clinical trial phase, with potential risks related to development progress and market introduction timing [3] Group 4: Response to Health Crises - The company’s main product, Tan Re Qing injection, is included in national clinical guidelines for various infectious diseases, including avian influenza and COVID-19 [4] - The company is actively involved in addressing public health challenges through its product offerings [4]

Core Viewpoint - Shanghai Kaibao has received a drug registration certificate from the National Medical Products Administration for its product, Phlegm Heat Clearing Capsules, which now includes a new indication for treating mild symptoms related to COVID-19 [1] Group 1: Product Information - Phlegm Heat Clearing Capsules are one of the main products of Shanghai Kaibao and are unique to the company [1] - The primary functions of the capsules include clearing heat, resolving phlegm, and detoxifying, specifically for conditions associated with wind-heat lung syndrome [1] Group 2: Market Impact - The approval of the new indication for COVID-19 will expand the product's applicability, enhancing market competitiveness and brand recognition for Shanghai Kaibao [1]

上海凯宝(300039.SZ)公告称，近日收到国家药品监督管理局签发的痰热清胶囊《药品注册证书》，新 增适应症"在新型冠状病毒感染的常规治疗中，可用于轻型引起的发热、咳嗽、咽痛等。"痰热清胶囊为 公司品种，此次获批将进一步扩大产品适用范围，提升市场竞争力及品牌知名度。但药品销售情况可能 受到国家政策、市场环境变化等多种因素影响，存在不确定性。 ...