国药控股中期报告 2025

200312009901099.HK 1357243338404142444548 38511115200023 www.sinopharmgroup.com.cn H 183171712-1716 01099 2881601 385200023 (+86 21) 2305 2666ir@sinopharm.com/sinopharm@wsfg.hk C3 2025630 AB A 571 2025202566.055.3%5.4%5.2%1.1% 2025202568.9%45 20251-61.481.18 202520252025791% 202520256286,043.002.95%5,337.253,465.699.53%6.43% 0.4873.62%0.0819.22%0.365.78% 2.74%1.28%0.35%0.2 20257,7102.0%202519163%2025755 20256218,527.363.52%20240.3%2.58%0.17 2025 202557,052.732.46%IVD1.92%0.33 202520256SPD71812025SPD13%SPD35 202520251-520251 1 17,162.123.65%2025202568,5912024978202561,5162024128 2.68%1.13215.81% 2025 202560.190.010.26,882.58 SPD20256 2025 SPD 34 286,043.008,683.812.95% 5,337.25561.979.53%3,465.69238.196.43% 1.116.72% 286,043.0020246 30294,726.812.95% •218,527.3620246 30226,494.013.52%73.62% •57,052.7320246 3058,494.302.46%19.22% •17,162.1220246 3016,557.843.65%5.78% •4,076.0320246 304,105.370.71% 265,696.0920246 30272,783.522.60% 20,346.9120246 3021,943.307.28% 20256307.11%20247.45% 241.1020246 30150.6060.09% 7,844.8620246 308,479.227.48% 3,668.4920246 303,915.166.30% 6301.33%1.28% 7,445.6920246 308,221.639.44% 71.5920246 30179.07250.66 0.1420246 303.082.94 995.3820246 301,073.8778.49 686.6320246 30623.0310.21% 1.2320246 301.6927.41% 1,872.6520246 301,697.2710.33% 5,337.2520246 305,899.229.53%20241.87%2.00% 3,465.6920246 303,703.886.43%238.19 1,871.5620246 302,195.3414.75% 35,238.14202412 3154,313.36 34,111.0920246 3040,993.67 531.2420246 301,038.51 15,579.0020246 3021,551.765,972.74 1,807.0920246 302,725.50918.41 8 20256 30 20256 30326,491.61202412 31310,604.69191,139.46202412 31173,910.3320256 3085,913.90202412 3162,729.054,435.58202412 318,637.23202563020256 302.73%202412312.62% 20256 3069.25%2024 12 3167.75%20256 30 20256 30242,931.0420241231200,254.5518 (i)(ii)(iii)(iv) 20256 303,469.27202412 312,214.3211,918.842024123112,752.740.00202412 3114.90 2025630 20256 30100,25120246 30113,635 11 5300099903320202432024820249 533219937200590065619946001960219602696New Frontier Health Corporation2022160042920171020248Gland Pharma LimitedGLANDGLAND20031 5420081220181201812022900002860051120229202486004202024820249 472023560016120241020252 552024102025157020252 4820241020252 492010120254202580065620256 5320071220025199592016520179300452000950 491996720022Columbia Southern University1996720152F. Hoffmann-La Roche AG201872020420204202410169620206 6219986(MPA)301987720009200092007122007122023220209 6023071601202221020222 1420209 53291995619957199812199812201412020660064260389920209 57EMBA30GE HealthcareDentsply Sirona20236 542017720207060986035156033373218TALVision Deal HK Acquisition Corp.07827DUOBLCT20228370230024420256 54200712(CPA)(ACCA)20005199272000520193202132021620201020228GLAND 55311991719946199461998101998102022220222201492020920209 511999719997201932019320222202222023620239 51201212(CPA)(CIA)30200022006620067202232022420209 47202011201811 541992719927200212200312006720067201012201112017820121220181201662018120181 4920014200142005220052201082010820213201612021320213 502015112024112024820256202522025620256 55199371993720045200462019120166201792018320181220191202411 (1)20251 8(2)20252 12(3)20254 252025612(4)20255 16(5)20256 9(6)20256 10(7)20256 12 13.51B(1) 20256 30XV352 20256 30336 (www.hkexnews.hk) (1)1,571,555,953(2)207,289,4981,571,555,95351%(3)49%(4)36%(5)100%0.22% (6)72.91%(7)100%(8)85.29%0.01%0.004%(9)FMR LLC155,373,672H(10)Lazard Asset Management LLC121,547,064H(11)JPMorgan Chase & Co.90,848,081H22,267,449H18,934,311H(12)148,501,220H714,000H(13)147,798,400H147,798,400H(14)20256 303,120,656,191H20256 301,341,810,740H20256301,778,845,451 20256 30336 2025630 20256 12202420258 12202412312,122,046 6302024630 20256 30 (http://www.sinopharmgroup.com.cn)(http://www.hkexnews.hk) 181151501-08Rm1501-08,15/F, Tai Yau Building, 181 Johnston Road,Wanchai, HK.Tel: (852) 3103 6980Fax: (852) 3104 0170Email: info@pccpa.hk 4080343434 2410 34 P04084 1. 10.86991,637,037,451H204,561,10224.9727.30H149,000,000H4,026,710,0003,567,383,000 385 (1)(2)(3)(4) 2. (1) 34 2. (2) 21 3. 4. (i) 4. (ii) 4. (iii) •1•12•3 4. (iv) 5. (i) (ii) (iii) (iv) 5. 8 5. (i) 5. (i) 5. (ii) 5. 10% 6. 7. 11. (i) (ii)8%8%12%20%12%20%15,39815,021 23 (iii)5%12%5%12% 13. 25%15% 16.5%16.5%2018/20192,000,0002,000,0008.25%16.5% 15% 2025630 14. 3,120,6563,120,656 20256302024630 15. 0.682,122,046 17. 17. 18. 30210 19. 20245 233,000,0002,8002,997,20020245 2320295 232.48%20246 30 20. 20251 148,000,000800,000262.40799,737.60202510 121.85%2025630 21. 22. 23. 23. 20256 30127,343202412 31121,59120256 3025.14%202412 3123.48% (i)39,299.92 93,514.56196,87270% (ii) 26. 27. 100% 27. 27. 27. (iii) 28. 29.