证券日报网讯 1月29日，陇神戎发在互动平台回答投资者提问时表示，公司始终积极寻求与国内外优秀 伙伴的合作机会，以推动中医药国际化发展。目前公司产品元胡止痛滴丸、黄芪当归胶囊均在泰国实现 注册、销售。 （文章来源：证券日报） ...

格隆汇1月29日丨陇神戎发(300534.SZ)在投资者互动平台表示，公司始终积极寻求与国内外优秀伙伴的 合作机会，以推动中医药国际化发展。目前公司产品元胡止痛滴丸、黄芪当归胶囊均在泰国实现注册、 销售。 ...

格隆汇1月29日丨陇神戎发(300534.SZ)在投资者互动平台表示，公司始终积极寻求与国内外优秀伙伴的 合作机会，以推动中医药国际化发展。目前公司产品元胡止痛滴丸、黄芪当归胶囊均在泰国实现注册、 销售。 ...

研发方面，陇神戎发持续深耕，完成了"甘肃省中药固体分散制剂重点实验室"向"技术创新中心"、"甘肃省中药新药剂型研 究工程实验室"向"工程研究中心"的功能升级，联合建成"兰州高新区医药中试研究中心"，普安制药建成5个省市级研发平台； 公司于2025年3月份完成收购甘肃药业集团科技创新研究院有限公司70%股权，全力培育打造公司研发及检验检测业务专业平 台，其旗下甘肃药业集团国方检验检测有限公司近期又通过农产品质量安全检测机构考核（CATL）认证并取得合格证书，实 现了CNAS、CMA、CATL三项行业资质体系的全面运行，形成"自有平台升级+联合平台共建+并购平台补强"的多层次创新支 撑体系。 2025年10月份，陇神戎发子公司普安制药2.2类新药布瑞哌唑口溶膜药品注册上市许可申请获得受理；主打产品元胡止痛滴 丸与宣肺止嗽合剂二次开发、中药经典名方及院内制剂研发项目稳步推进；大健康板块成功推出多款系列产品，7°啡得乐植物 饮料、薄荷爽口片、黄芪当归系列固体饮料、肉苁蓉原浆、枸杞原浆等产品上市销售，进一步丰富优化了公司产品结构。 本报讯 （记者刘欢）1月27日晚间，甘肃陇神戎发药业股份有限公司（以下简称"陇神戎发"） ...

近年来，陇神戎发以全资子公司甘肃新丝路产业投资有限公司为国际化拓展平台，积极开拓东亚、中 亚、东南亚、欧洲等地区的中医药市场，已先后在俄罗斯、吉尔吉斯斯坦、新加坡、泰国完成部分产品 注册备案工作，并实现相关产品的出口销售。 陇神戎发相关负责人表示，公司将继续依托在中药材种植、深加工、中药研发与生产方面的全产业链优 势，深耕产品质量与科技创新，积极研究并对接不同国家与地区的健康产品法规，推动更多优质产品进 入更广阔的市场，为全球消费者提供源自中国的健康解决方案，助力"健康中国"与中医药国际化发展。 "黄芪当归胶囊"是以传统药食同源药材黄芪、当归为主要原料，辅以微晶纤维素、二氧化硅精制而成的 保健食品。产品秉承中医养生理论，结合现代制剂工艺，经科学实验验证，对辐射危害有辅助保护功 能。 据了解，"澳门非药认定"制度是澳门特区政府为高价值功能食品和保健品设立的特色监管体系，不仅为 优质健康产品提供了明确的功能宣称路径，更凭借澳门作为"中葡平台"和中医药国际化桥头堡的独特优 势，为获证产品打开了通往葡语国家、欧盟、拉美及中东市场的便捷通道。值得一提的是，在澳门特区 政府的第二个五年规划中，中医药健康产业被确定为重要发 ...

Core Viewpoint - Longshen Rongfa (300534) reported a net profit increase of 27.48% for the first half of 2025, despite a decline in total revenue by 8.21% compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 was 496 million yuan, down from 541 million yuan in 2024, representing an 8.21% decrease [1] - Net profit attributable to shareholders reached 27.96 million yuan, up from 21.93 million yuan in 2024, marking a 27.48% increase [1] - The gross profit margin decreased to 66.19%, down 13.38% year-on-year, while the net profit margin increased to 8.25%, up 18.99% [1] - Total operating expenses (selling, administrative, and financial) amounted to 248 million yuan, accounting for 50.05% of revenue, a decrease of 20.43% [1] - Earnings per share rose to 0.09 yuan, a 27.52% increase from 0.07 yuan in 2024 [1] Cash Flow and Debt - Operating cash flow per share was -0.21 yuan, a significant decrease of 129.82% year-on-year, attributed to reduced sales collections and increased payments related to operating activities [1][3] - The company’s monetary funds decreased by 39.05% to 215 million yuan, while accounts receivable increased by 27.52% to 235 million yuan [1] Business Model and Product Development - The company relies heavily on research and marketing to drive performance, with a historical return on invested capital (ROIC) of 5.51%, indicating average capital returns [3] - Longshen Rongfa is focused on the development of its main products, including the unique "Yuanhu Zhitong Dwan," which has been recognized for its efficacy in treating various types of pain [5][6] - The company is actively pursuing the second development of major products and enhancing its technological barriers through various research projects [6] Market Strategy and Future Outlook - The company is optimistic about the health sector and is expanding its product offerings in this area, including various health products [7] - It aims to leverage its advantages in the traditional Chinese medicine industry, supported by recent government policies promoting the sector [9] - The company plans to enhance its quality management system and increase R&D investments to develop more high-quality products [9]

Company Developments - Company announced that its subsidiary, Gansu Puan Pharmaceutical Co., Ltd., received two Clinical Trial Supplement Approval Notices from the National Medical Products Administration on July 30 [1] - The approval allows for the continuation of clinical trials for the drug Brupiprazole oral film, specifically adding 0.5mg and 1mg specifications for the treatment of schizophrenia [1] - The company reported a revenue of 1.039 billion yuan for 2024, a decrease of 3.79% year-on-year, and a net profit attributable to shareholders of 25.8046 million yuan, down 58.14% year-on-year [2] Industry Insights - The company is optimistic about the prospects in the health sector and is actively developing health products, including Huangqi Danggui capsules and plant-based beverages [3] - Recent government policies have been introduced to support the innovation and development of traditional Chinese medicine, which is expected to enhance the quality and market demand for traditional Chinese medicine products [3] - The aging population is increasing the demand for disease prevention and chronic disease management, which is expected to further expand the market for traditional Chinese medicine products [3]

Group 1: Company Overview and Key Products - Gansu Longshen Rongfa Pharmaceutical Co., Ltd. has two main products: Yuanhu Zhitong Diban and Xuanfei Zhike Heji, which are positioned as core offerings in the market [2][3] - Yuanhu Zhitong Diban is a unique product in China, included in the National Essential Medicines List, recognized for its effectiveness in treating various types of pain [2][3] - Xuanfei Zhike Heji is classified as a national-level new drug, suitable for cough relief, and has received multiple awards for its quality and effectiveness [3][4] Group 2: Product Development and Marketing Strategy - The company is focused on secondary development of major products and building technological barriers through various research projects [4][5] - Ongoing projects include clinical efficacy evaluations and production process improvements for Yuanhu Zhitong Diban and Xuanfei Zhike Heji [4][5] - A professional marketing platform is being developed to enhance brand influence and market share, targeting both hospitals and OTC markets [4][5] Group 3: Health Product Expansion - The company has launched several health products, including Huangqi Danggui capsules and plant-based beverages, with plans for further market promotion [5][6] - Future development will focus on health products that align with market demand, leveraging the parent company's advantages in the traditional Chinese medicine industry [5][6] Group 4: Industry Opportunities and Challenges - Recent government policies support the innovation and quality improvement of traditional Chinese medicine, creating a favorable environment for industry growth [6][7] - The aging population increases demand for chronic disease management and health maintenance, expanding market opportunities for traditional Chinese medicine products [6][7] - The company aims to enhance its competitive edge by improving product quality and increasing R&D investment in response to these opportunities [7]

Core Viewpoint - The company is focused on enhancing its market competitiveness through innovative product development, resource integration, and expansion into the health industry, while also ensuring investor returns through a stable dividend policy. Group 1: Product Competitiveness - The main product, Yuanhu Zhitong Diban, has covered 2,769 grade hospitals, achieving a coverage rate of 19.3%, while Xuanfei Zhiso Heji has covered 2,291 grade hospitals with a coverage rate of 15.3% [3] - Yuanhu Zhitong Diban is recognized for its effectiveness in treating various types of pain and ranked 15th in the "Top 20 Chinese Patent Medicine Brands" for H1 2024 [3] - Xuanfei Zhiso Heji, a national-level new drug, has received multiple awards and was ranked 8th in the "Top 20 Cough and Phlegm Relief Chinese Patent Medicine Brands" for H1 2024 [3] - The protection period for Xuanfei Zhiso Heji has been successfully extended to July 20, 2030, enhancing its market competitiveness [3] Group 2: Resource Integration and R&D Innovation - The company completed the acquisition of 70% of the Gansu Pharmaceutical Group's Innovation Research Institute by March 2025, enhancing its R&D capabilities [4] - This acquisition aligns with national policies aimed at improving traditional Chinese medicine quality and promoting industry development through strategic mergers and resource integration [4] Group 3: Health Industry Expansion - The company is actively expanding into the health industry with products like "7° Feidele" herbal beverage and mint candy, focusing on both online and offline sales channels [5][6] - The "Huangqi Danggui Capsule," made from traditional Chinese medicinal materials, targets individuals exposed to radiation, addressing market demand for health products [6] Group 4: Investor Returns - For the fiscal year 2024, the company plans to distribute a cash dividend of 0.20 yuan per 10 shares, totaling 6.0669 million yuan, which represents 47.02% of the net profit attributable to shareholders [7] Group 5: R&D Focus and Competitive Strength - The company has established a diverse innovation R&D system and is exploring clinical advantages of its main products in various medical fields [8] - New product investments include the clinical trial approval for a new drug and the launch of health products, with both "7° Feidele" and mint candy officially launched [8] Group 6: Future Development Strategy - The company aims to leverage national and provincial policies to enhance its position in the traditional Chinese medicine industry, focusing on R&D, product integration, and international market expansion [9]

Group 1: Company Overview and Recent Developments - Gansu Longshen Rongfa Pharmaceutical Co., Ltd. held an online performance briefing on April 18, 2025, attended by key executives including Chairman Kang Yonghong and CFO Zhao Zhengcai [2][5]. - The company recently acquired a 70% stake in the Gansu Pharmaceutical Group Innovation Research Institute, which focuses on integrating research resources and enhancing technological innovation [3][4]. Group 2: Research Institute Achievements - The Innovation Research Institute has established a collaborative network with 50 units, focusing on major common technology research in traditional Chinese medicine, resulting in 6 major projects and 19 sub-projects approved [3]. - The institute has filed 12 patents, published 5 papers, and developed 28 new products, showcasing its significant contributions to the industry [3]. Group 3: Market and Product Development - The company is actively promoting its new herbal beverage "7° Feidele" across 15 provinces, including Shanghai and Sichuan, with a focus on expanding its market presence [5][6]. - The "Huangqi Danggui Capsules," a health product targeting radiation damage, is based on traditional formulations and aims to enhance immunity [6][7]. Group 4: Financial Performance - In 2024, the company achieved a revenue of CNY 1.039 billion and a net profit of CNY 25.8046 million, with a net profit excluding non-recurring items of CNY 49.1272 million [5][8]. - The company plans to distribute a cash dividend of CNY 0.20 per share for the 2024 fiscal year, totaling CNY 6,066,900 [17]. Group 5: Future Growth Strategies - The company aims to enhance its pharmaceutical research, strengthen its industrial capabilities, and integrate resources to drive high-quality development [8][9]. - Key growth drivers include expanding market sales of proprietary products and enhancing production efficiency through technological upgrades [9][10]. Group 6: Competitive Advantages - The company holds unique proprietary products, including "Yuanhu Zhitong Dripping Pills" and "Xuanfei Zhike Mixture," with significant market coverage of 19.3% and 15.3% in hospitals, respectively [12]. - The company benefits from advanced production technologies and a strong management team, which enhances its market competitiveness [10][11]. Group 7: Industry Outlook - The Chinese pharmaceutical industry is expected to grow due to increasing health awareness and an aging population, despite challenges such as price pressures from government policies [14][15]. - Recent government initiatives to improve the quality of traditional Chinese medicine are aligned with the company's strategic goals, providing a supportive environment for growth [15][16].