在近日举行的"2025国际肺癌前沿及创新论坛"上，复宏汉霖更新了HLX43在非小细胞肺癌（NSCLC） 研究领域的关键数据。 研究数据显示，不论是在鳞状还是非鳞状NSCLC，无论EGFR突变状态、是否伴有脑转移或PD-L1表达 水平如何，HLX43均观察到疗效信号。复宏汉霖执行董事兼CEO朱俊在接受《每日经济新闻》记者采 访时表示，"这些数据为Ⅱ期和Ⅲ期临床试验的剂量选择提供了关键依据，为后续开展大规模临床研究 奠定了坚实基础"。未来，复宏汉霖计划围绕肺癌疾病领域推进至少8项HLX43的Ⅲ期临床研究。 复宏汉霖进一步披露PD-L1 ADC肺癌数据 "有BD（商务拓展）前景的中国创新药资产还远远未到池底。MNC（跨国医药企业）现在每年都来'扫 货'，已经变成一个常规性动作，'水下'也还有很多资产。但中国的创新药企业要敢想，敢于'掰手腕'， 如果是一个很小的交易那干脆不要做。"在近日举行的一场公开论坛会后，复宏汉霖执行董事兼CEO朱 俊对《每日经济新闻》记者表示。 略高于10%。 "整体来看，此次数据延续了WCLC大会所呈现的趋势，在纳入患者人数增加的基础上，疗效结果保持 稳定，部分指标甚至更为积极。"朱俊总结道 ...

Core Insights - The 2025 Sustainable Global Leaders Conference was held in Shanghai, focusing on global action, innovation, and sustainable growth, with around 500 attendees including Nobel laureates and leaders from Fortune 500 companies [1] Group 1: Innovation and Globalization - Fosun International's co-chairman, Wang Qunbin, emphasized the company's commitment to innovation as a core driver for achieving both commercial and social value [3] - Fosun has developed the H drug, the first PD-1 monoclonal antibody approved for first-line treatment of small cell lung cancer, which has been approved in nearly 40 countries, benefiting over 110,000 patients globally [4][5] - The company is also advancing other innovative drugs, such as HLX43, a PD-L1 antibody-drug conjugate, which has the potential to become a broad-spectrum anti-cancer drug [5] Group 2: Global Reach and Market Integration - Fosun has established a global presence in over 40 countries, focusing on integrating innovation capabilities with value chain management [6] - The company has built a global R&D and marketing capability, with its biopharmaceutical products reaching nearly 60 countries and benefiting over 850,000 patients [6] - In the financial services sector, Fosun's insurance operations in Portugal have improved efficiency through AI applications, increasing auto insurance claim approval rates from 48% to 66% [7] Group 3: Corporate Social Responsibility and ESG - Fosun has prioritized ESG responsibilities, contributing to global malaria control by supplying over 420 million doses of injectable artemisinin [8][9] - The company has initiated a rural doctor project in China, covering 78 counties and benefiting over 16 million rural residents [9] - Fosun maintains an AA rating in MSCI ESG ratings and is recognized in the top 1% of Chinese companies in the S&P Global Sustainable Development Yearbook [9] Group 4: Future Vision - Wang Qunbin stated that the power of business for good is driving profound changes in corporate and societal relationships, with Fosun aiming to continue its sustainable development journey through innovation and responsibility [10]

Core Viewpoint - The 2025 Sustainable Global Leaders Conference held in Shanghai emphasizes global action, innovation, and sustainable growth, featuring around 500 attendees including Nobel Prize winners and leaders from Fortune 500 companies [1] Group 1: Innovation and Globalization - Fosun International's co-chairman, Wang Qunbin, highlighted the company's journey of globalization driven by innovation, aiming for a win-win in commercial and social value [3] - Fosun has developed the first approved anti-PD-1 monoclonal antibody, H drug, for the treatment of extensive-stage small cell lung cancer, which has been approved in nearly 40 countries, benefiting over 110,000 patients globally [4][5] - The company is transitioning from "following" to "leading" in the innovative drug sector, focusing on unmet clinical needs and global partnerships to advance healthcare [5] Group 2: Global Value Creation - Fosun has established a global presence in over 40 countries, building capabilities in research, registration, business development, and marketing, with its innovative biopharmaceutical products reaching nearly 600,000 patients [6] - The company has achieved significant growth in business development contracts, with cash inflow exceeding 1 billion yuan, a 280% increase year-on-year [6] - In the tourism sector, Fosun is enhancing customer experience through AI digital upgrades, expanding its services across 12 countries [6] Group 3: Corporate Social Responsibility - Fosun emphasizes the importance of ESG (Environmental, Social, Governance) responsibilities, contributing to global malaria control by supplying over 420 million doses of artemisinin-based injections [8][9] - The company has initiated a rural doctor project in China, benefiting 3 million rural families and over 16 million rural residents [9] - Fosun maintains a strong MSCI ESG rating of AA and is recognized in the top 1% of Chinese companies for sustainability efforts [9][10] Group 4: Future Vision - Wang Qunbin stated that the power of business for good is driving profound changes in the relationship between enterprises and society, and Fosun aims to continue climbing new heights in sustainable development [10]

Core Insights - The company reported a revenue of 2.82 billion yuan for the first half of 2025, representing a year-on-year growth of 2.7% and a net profit of 390 million yuan [1] - The CEO emphasized that 2025 is a critical year for accelerating the company's "Globalization 2.0" and comprehensive innovation, focusing on a patient-centered approach to meet unmet medical needs [1][2] Financial Performance - Global product revenue reached 2.557 billion yuan, with a year-on-year increase of 3.1% [1] - Overseas product profits saw a significant increase of over 200% year-on-year [1] Product Development - The core innovative product in the oncology field, the anti-PD-1 monoclonal antibody H drug, achieved sales of 598 million yuan in the first half of 2025 [1] - The core product for breast cancer, Hanquyou, generated sales of 1.444 billion yuan during the same period [1] - The company has six products approved in China and four internationally, reaching nearly 60 countries and benefiting over 850,000 patients globally [1] Innovation Strategy - The company is committed to an innovation-driven development strategy, achieving significant milestones in core innovative products such as HLX43, HLX22, and H drug Hanshu [2] - Future plans include deepening global layout and ensuring high-quality innovative outcomes to benefit patients worldwide [2]

Core Viewpoint - The stock price of Fuhong Hanlin has surged over 250% year-to-date, reaching a new high of 85.95 HKD, reflecting strong market recognition of the company's long-term value driven by innovative product development and international expansion [1][2]. Financial Performance - In the first half of the year, Fuhong Hanlin achieved a total revenue of approximately 2.8195 billion CNY, a year-on-year increase of 2.7%, with six products generating global revenue of about 2.5568 billion CNY [2]. - The operating cash flow exceeded 770.9 million CNY, marking a significant year-on-year growth of 206.8% [2]. Product Development and Market Expansion - Fuhong Hanlin has six products approved in China and four globally, reaching nearly 60 countries and benefiting over 850,000 patients [2]. - The international sales of its products have seen a year-on-year increase of over 200%, with cash inflow from business development contracts exceeding 1 billion CNY, a growth of 280% [2]. - The company is actively expanding its product portfolio, with H drug (Hanshu) achieving global sales of 597.7 million CNY during the reporting period [2][3]. Clinical Trials and Regulatory Approvals - H drug has received approvals in multiple countries for treating extensive-stage small cell lung cancer (ES-SCLC) and is undergoing clinical trials for various cancers, including gastric and colorectal cancers [3][4]. - The company is advancing clinical trials for HLX43, a novel ADC targeting PD-L1, and HLX22, a new HER2-targeted monoclonal antibody, both showing promising therapeutic potential [7][9]. Strategic Collaborations and Market Positioning - Fuhong Hanlin has established partnerships with over 20 international pharmaceutical companies to enhance its global market presence [11]. - The company is focused on building a robust commercialization strategy for its core products, which is expected to strengthen its market position in oncology [5][12]. Future Outlook - The company is well-positioned to leverage its innovative pipeline, with expectations of significant revenue growth from new product launches and international market penetration [6][12]. - Analysts have updated their ratings on the company, with target prices being raised due to the strong performance and potential of its innovative drug pipeline [13].