Core Viewpoint - Shengnuo Biotech (688117.SH) has reported significant growth in its half-year performance for 2025, with net profit expected to increase by 253.54% to 332.1% year-on-year, driven by strong performance in its peptide raw material business [1][3]. Financial Performance - The company anticipates a net profit of between 77.03 million yuan and 94.14 million yuan for the first half of 2025, with a year-on-year increase of 253.54% to 332.1% [1][3]. - The expected non-deductible net profit is projected to be between 77.35 million yuan and 94.53 million yuan, reflecting a year-on-year increase of 304.49% to 394.38% [1][3]. - In 2024, Shengnuo Biotech reported revenue of 456 million yuan, a year-on-year growth of 4.84%, while net profit decreased by 28.88% to 50.02 million yuan due to increased R&D investment and other factors [2]. Business Operations - Shengnuo Biotech is actively expanding its production capacity to meet market demand, with projects such as the "Annual Production of 395 kg Peptide Raw Material Production Line" and the expansion of raw material workshops [3]. - The company has successfully launched its 106 workshop and is in the equipment validation phase for workshops 107 and 108 [3]. Market Expansion - The global peptide CDMO market is projected to reach $11.8 billion by 2030, with the domestic market expected to reach 18.5 billion yuan, indicating a higher CAGR than the global market [4]. - Shengnuo Biotech's overseas revenue reached 148 million yuan in 2024, a significant increase of 73.93%, while domestic revenue decreased by 12.51% to 303 million yuan [4]. - The proportion of overseas revenue has increased to 32.52%, up 12.92 percentage points from 2023, reflecting the company's focus on expanding its international sales channels [4]. R&D and Product Development - The company is collaborating with external firms to develop various peptide products and has significantly increased its R&D investment, with expenses rising from 13.75 million yuan in 2021 to 49.17 million yuan in 2024 [5]. - Shengnuo Biotech provides CDMO services for over 40 peptide innovation drug projects, with two products approved for commercialization and two in the production application stage [5].

记者从公司处获悉，5月9日，丽珠集团（000513）自主研发的注射用阿立哌唑微球（商标名：阿丽唯 ）已正式获得中国国家药品监督管理局批准上市，适用于治疗成人精神分裂症。 通过微球技术实现长效治疗是阿丽唯 核心特征。该药品作为"国家重大新药创制"专项成果，不仅是全 球首个阿立哌唑微球制剂、中国首个自主研发的阿立哌唑长效剂型，更是目前全球精神分裂症治疗领域 给药间隔最长（每月一针）的微球产品，标志着我国在高端制剂领域的长效制剂研发及产业化取得了重 大突破。 对公司来说，新品获批意味着丽珠集团迎来另一款潜在大单品。对比来看，此前公司推出的我国首款自 主研发的微球产品注射用醋酸亮丙瑞林微球（贝依 ）近10年已创收超百亿元规模。因此，注射用阿立 哌唑微球商业化进程一直为各机构研报所关注。 对于产业来说，则意味着精神药物领域长效市场天花板的抬升。据机构研报，随着新一代药物疗效提升 及普及率提高，中国抗精神病药物市场规模有望由2020年72.7亿元增至2030年159亿元，CAGR达 8.14%。在精神分裂领域，每年市场规模约60亿元，但长效市场仅数亿元级别，低基数下的增长空间成 为业内新期待。 中国方案全球创新 精神分裂 ...

圣兆药物（832586.NQ） 利培酮微球首仿获批，多款高端制剂持续推进 2025 年 3 月 13 日 公司研究/新三板公司研究 投资要点： 利培酮微球首仿获批，高端制剂再获突破。2025 年 2 月 26 日，公司发 布公告《关于公司注射用利培酮微球取得药品注册证书的公告》，公司收到 国家药监局核准签发的关于注射用利培酮微球的《药品注册证书》，产品规 格为 25mg 和 37.5mg 两种。利培酮微球是公司获批的第二只高端复杂制剂， 是获批的第一只微球产品，也是国内首个获批的注射用利培酮微球仿制药。 | 会计年度 | 2021A | 2022A | 2023A | | --- | --- | --- | --- | | 主营收入(百万元) | 26.88 | 21.59 | 46.08 | | 同比增长(%) | 35.27 | -19.67 | 113.37 | | 营业利润(百万元) | -130.32 | -141.63 | -159.81 | | 同比增长(%) | -7.03 | -8.69 | -12.83 | | 净利润(百万元) | -131.99 | -144.46 | -161.06 ...