每经头条（nbdtoutiao）——实施城乡居民增收计划、降准降息等工具灵活高效运用、增加普通高中学 位……深度解读中央经济工作会议 （记者 王晓波） 每经AI快讯，康弘药业（SZ 002773，收盘价：30.75元）12月12日晚间发布公告称，近日，公司子公司 成都弘基生物科技有限公司（简称"弘基生物"）收到国家药品监督管理局签发的《药物临床试验批准通 知书》。同意KH658眼用注射液开展糖尿病黄斑水肿（DME）、糖尿病视网膜病变（DR）的临床试 验。 2025年1至6月份，康弘药业的营业收入构成为：医药制造业占比99.97%，其他业务占比0.03%。 截至发稿，康弘药业市值为283亿元。 ...

格隆汇12月12日丨康弘药业(002773.SZ)公布，子公司成都弘基生物科技有限公司（简称"弘基生物"）收 到国家药品监督管理局签发的《药物临床试验批准通知书》，药品名称：KH658眼用注射液。本品适用 于治疗糖尿病黄斑水肿（DME）、糖尿病视网膜病变（DR）。 ...

转自：证券时报 人民财讯12月12日电，康弘药业(002773)12月12日公告，公司子公司弘基生物收到国家药品监督管理局 签发的《药物临床试验批准通知书》，同意KH658眼用注射液开展糖尿病黄斑水肿（DME）、糖尿病 视网膜病变（DR）的临床试验。 ...

每经AI快讯，12月12日，康弘药业(002773.SZ)公告称，公司子公司成都弘基生物科技有限公司收到国 家药品监督管理局签发的《药物临床试验批准通知书》，同意开展糖尿病黄斑水肿（DME）、糖尿病 视网膜病变（DR）的临床试验。KH658眼用注射液是弘基生物自主研发的基因治疗创新产品，属于治 疗用生物制品1类。药品从研发、临床试验、审评和审批的结果以及时间具有不确定性，敬请广大投资 者谨慎决策，注意投资风险。 ...

Group 1: Technological Advancements - The 20th National Congress emphasizes accelerating high-level technological self-reliance and leading the development of new productive forces [1] - Various "hard technologies" such as AI, robotics, quantum computing, and gene editing are emerging as key drivers of future economic growth [1] - Companies are encouraged to seize opportunities from the new technological revolution and industry transformation by increasing innovation investments and enhancing their capabilities [1] Group 2: Industry Developments - In Sichuan, Kanghong Pharmaceutical's gene therapy drug KH631 has entered clinical phase II in China, with ongoing clinical trials in the US [2] - The second gene therapy product, KH658, has also been approved for clinical trials in both China and the US [2] - Tibet Mining's project at the Zabuye Salt Lake aims to create the world's first high-altitude "photovoltaic + thermal + energy storage" energy station, ensuring 100% green electricity supply [2] - Zhongwei Co. has developed customized precursor products for solid-state batteries, with nearly 50 tons of solid-state battery materials shipped [2] Group 3: Economic Indicators - The National Bureau of Statistics reports that new productive forces in China are accelerating, with R&D expenditure reaching nearly 2.7% of GDP, surpassing the EU average [3] - Strategic emerging service industry enterprises saw nearly 10% revenue growth in the first half of the year [3] - The digital economy is rapidly developing, with AI and data becoming essential production factors [3] - Green industries, particularly in new energy vehicles and lithium batteries, continue to experience high growth rates [3] Group 4: Innovation and Policy - Original innovation is identified as a critical factor in cultivating new productive forces [4] - Experts stress the need for talent integration, resource consolidation, and institutional support to accelerate original technological breakthroughs [4]

Core Viewpoint - 康弘药业 has made significant progress during the "14th Five-Year Plan" period, focusing on core technologies and expanding its product matrix in ophthalmology, psychiatry/neuroscience, and oncology, leading to a steady increase in performance and high-quality development [1] Financial Performance - The company's operating revenue increased from 3.605 billion yuan in 2021 to 4.453 billion yuan in 2024, while the non-net profit rose from 301 million yuan to 1.184 billion yuan during the same period [1] - In the first half of 2025, the operating revenue was 2.453 billion yuan, a year-on-year increase of 6.95%, and the non-net profit was 723 million yuan, up 6.51% [1] Development Philosophy - The company adheres to a development philosophy centered on market orientation, innovation, quality, and talent, aiming to create innovative products and services that benefit the public [2] Risk Management and Innovation - 康弘药业 balances innovation and risk management by conducting thorough research and making accurate judgments, focusing on policy risk assessment, market demand validation, and a well-structured R&D pipeline [3] Product Strategy - 康弘药业 aims to develop long-lifecycle blockbuster products, with 康柏西普 being a prime example, generating 1.345 billion yuan in revenue in the first half of 2025, accounting for 54.83% of total revenue [3] - The company has launched 利非司特滴眼液, the first of its kind in China, targeting the large dry eye patient population [4] Market Potential - The dry eye medication market in China is projected to reach 4.79 billion yuan in 2024, with a compound annual growth rate of 16% from 2020 to 2024, providing 康弘药业 with significant growth opportunities [5] Technological Advancements - 康弘药业 is investing in cutting-edge technologies such as gene therapy, antibody-drug conjugates, and synthetic biology, with ongoing clinical trials for various innovative products [6][7]

Core Viewpoint - 康弘药业 has made significant progress during the "14th Five-Year Plan" period, focusing on core technologies in ophthalmology, psychiatry/neuroscience, and oncology, leading to a robust product matrix and steady revenue growth [1][2] Financial Performance - The company's revenue increased from 3.605 billion yuan in 2021 to 4.453 billion yuan in 2024, while the net profit attributable to shareholders rose from 301 million yuan to 1.184 billion yuan during the same period [1] - In the first half of 2025, 康弘药业 reported a revenue of 2.453 billion yuan, a year-on-year increase of 6.95%, and a net profit of 723 million yuan, up 6.51% [1] Development Philosophy - The company adheres to a development philosophy centered on market orientation, innovation, quality, and talent, aiming to create innovative products and services that benefit the public [2] - 康弘药业 emphasizes a balance between innovation and risk management, focusing on deep research and accurate judgment to ensure sustainable development [2] Product Strategy - 康弘药业's flagship product, 康柏西普, has generated 1.345 billion yuan in revenue in the first half of 2025, accounting for 54.83% of total revenue, showcasing the company's strategy of building a competitive edge through cost-effectiveness and treatment convenience [2] - The company is actively seeking to develop more "super products" to mitigate risks associated with over-reliance on a single product [2] Market Opportunities - 康弘药业's newly approved 利非司特滴眼液 addresses a significant market need for dry eye treatment, with the dry eye medication market in China projected to reach 4.79 billion yuan by 2024, growing at a compound annual growth rate of 16% from 2020 to 2024 [3] - The company is investing in cutting-edge technologies such as gene therapy and synthetic biology, with ongoing clinical trials for its gene therapy products and a focus on expanding its market presence [4] Technological Advancements - 康弘药业 is advancing in gene therapy, with its product KH631 entering clinical phase II in China and KH658 progressing in both Chinese and U.S. clinical trials [4] - The company has also made strides in synthetic biology, with KH617 being the first domestically developed I-type new drug from synthetic biology to enter clinical trials, and it has received orphan drug designation from the FDA [4]

Core Viewpoint - 康弘药业 has made significant progress in its core therapeutic areas, particularly with its flagship product 康柏西普, which now accounts for a substantial portion of the company's revenue. The company aims to achieve international market presence and continuous innovation over the next decade [1][4]. Group 1: Financial Performance - The company's revenue increased from 36.05 billion in 2021 to 44.53 billion in 2024, while the net profit rose from 3.01 billion to 11.84 billion during the same period [1]. - In the first half of 2025, 康弘药业 reported a revenue of 24.53 billion, a year-on-year growth of 6.95%, and a net profit of 7.23 billion, reflecting a 6.51% increase [2]. Group 2: R&D and Innovation Strategy - 康弘药业 has invested a total of 25.21 billion in R&D over the past few years, emphasizing the importance of innovation and market-driven development [1][2]. - The company maintains a balanced approach to innovation and risk management, focusing on "controllable risks under innovative breakthroughs" [3]. Group 3: Product Development and Market Position - 康柏西普 has generated 13.45 billion in revenue in the first half of 2025, representing 54.83% of the company's total revenue, and has maintained a leading market share in the hospital sector [4][5]. - The company has introduced a new product, 利非司特滴眼液, which is expected to tap into a market with a projected size of 47.9 billion by 2024, indicating a significant growth opportunity [5]. Group 4: Future Growth and Technological Advancements - 康弘药业 is focusing on cutting-edge technologies such as gene therapy and synthetic biology, with ongoing clinical trials for its gene therapy products [6][7]. - The company aims to establish a strong position in the next-generation antibody-drug conjugates (ADC) market, with its product KH815 being the first of its kind to enter clinical trials [8].