中国中药2025年年报

公司資料2五年財務摘要3主席報告5管理層討論與分析9董事會報告37企業管治報告53董事及高級管理人員之履歷資料76獨立核數師報告82合併損益及其他全面收益表89合併財務狀況表91合併權益變動表93合併現金流量表94合併財務報表附註97目錄 2881601 (852) 2854 3393(852) 2544 1269publicrelation@china-tcm.com.cn 00570 11125 183171712-1716 www.china-tcm.com.cn 2025147.45-4.6 2025 2026 + ESG 20252026 2026320 2025123114,744,779,00010.7% 829,724,00040.2%5.6% 3,334,450,0000.6%22.6% 4,248,309,0006.7%28.8% 234,552,00017.2%1.6% 7,091,128,0009.7%48.1%0.5 202520015.8% 22184112549988%2,755158(GAP)31 ·774.35,93710.6%13.6%15% 2025445134584 20251141 2025113+N200108198196195 20251120077252235 3,077 OTC202520258.8%1,427 35 C 207PCT212851 (ISO)Draft International Standard, DISISO/DIS20255 4 533973%202611339222457% 1.13.130 ESG2025ESG2023ESG1002025ESG100ESGESG 60 9589%6%98521110%5%56%14%219 ·SaaS 1,1995.68139 54 ++ 2025 1.20251 3 2.20251 920251016 30 3.20253 5 4.20253 20 GAP 5.20254 242025-2030 · 6.20256 5 7.20256 272025 8.20259 8 9.20259 1020251029 15OTC+ 10.202510 9 DRG/DIP 11.202510 23 12.202511 5 13.202512 7 14.202512 15 15.20261 27 16.20261 302026-2030 GAP 17.20262 11 2026 C 14,744,779,00016,509,708,00010.7% 1. 829,724,0001,386,669,00040.2%5.6%12 7.7%11.1%3.4 2. 3,334,450,0003,314,794,0000.6%22.6% 25.1%23.2%1.9 3. 6,097,744,0006,972,013,00012.5%41.4% 53.8%56.9%3.1 4. 4,248,309,0004,552,955,0006.7%28.8%OTC 66.7%63.6%3.1 5. 234,552,000283,277,00017.2%1.6% 31.9%24.4%7.5 2025123112157,115,000197,696,00020.5%111,224,000141,000,00021.1% 2025123112722,819,0002024123112538,914,000(1)232,777,0007,976,000224,801,000(2)494,918,000431,826,00063,092,000 202512 31236,105,000212,566,000106,554,000106,012,000 20251231124,954,925,00020241231125,419,271,0008.6% 20251231121,115,364,00020241231121,057,664,0005.5% 2025123112511,472,000596,007,00014.2%(1)(2)(3) 202512311299,129,0002024123112171,535,0002.64%20241231122.65% 2025123112197,000950,000 2025123112458,089,00020,771,000-3.1%0.1%3.2(1)(2) (i)(ii) (i)(ii)20251231333,353,00020241231635,540,00047.5% 20251231126.791.07734.6%342,070,000202412 311254,067,000 2025123117,708,305,0002024123118,839,503,0004,044,747,000202412314,020,654,000102,670,000202412 31153,743,0008,844,453,000202412 318,566,512,0007,733,585,000202412 317,800,198,0009,974,720,000202412 3111,039,305,0002.3202412 312.4202412 31 18.5%11.8% 202512311,200,687,000202412312,697,314,000293,851,000202412 31492,113,000992,939,000207,748,000202412312,078,923,000618,391,000 20251231102,670,00084,028,000637,955,00050,440,00020241231153,743,00050,420,000614,842,00062,648,000 2025123110,593,518,0002,000,000,0003,000,000,000 202512 3112355,728,000532,191,000 202512 3180,655,000202412 3139,586,000 202512 3120241231 20251231 2025123114,846202412 3116,7534,9074,9584,9812,356,361,000202412 31122,412,832,000 20251231 2881601 52025 2025123189204 20251231202412310.350.328.307.66 20262025 201911 ––––– 202412 319.94 1718 43 202512313233 3 2025123142 20251231 2025725 20251152025115202511520251152025115202511520251152025115202511520251152025115 20251 15 3.13 92 101 7681 2024927 2024927 2025725 20251152025115202511520251152025115 2025252025112520252182025218 8,207,000 www.china-tcm.com.cn 20251231250,000 178 179 13.51B(1) 13.51B(1)2025 1126 13.51B(1) 202512 31XVXV78352C3 202512 31336 1.1,634,705,6422.604,296,222 33620251231 2023-2025 202211112023202420251231 202311202512312023202420251231300,000,000450,000,000675,000,000 2023112025123120232024202512311,750,000,0002,100,000,0002,500,000,000 1,685,055,64233.46%14A 1998 202211112022122020221215202314 2025123190,447,00020251231675,000,000 202512311,171,354,000202512312,500,000,000 2026-20282026-2028 202512312025112520281231 2026-20282026-202820261120281231202812312026-2028704,100,000724,600,000740,100,000 2026-20282026-202820261120281231202812312026-20282,730,000,0002,875,000,0003,026,750,000 1,685,055,64233.46%14A 19982026-2028 2026-2028 202511252026115202622 2022-2025 202211 18202211 2020251119 600,000,000 1,685,055,64233.46%()()52.7750%31.7705%5.4545%5.4545%4.5455%14A 20221118 20251 120251219582,000,00020251231600,000,000 20252026-2028 202511192025111920252025202511 1920251231 202520251231202511252026-20282026-202820281231 2025400,000,000 2026-2028900,000,000 1,685,055,64233.46%52.7750%31.7705%5.4545%5.4545%4.5455%14A20252026-2028 202511192025112520261 15 202511 1920251231363,301,0002025400,000,000 20131223201435136,270,000 14A 20131223201435 202512312014202521,780,000136,270,000 (i)(ii)(iii) 202512314014A 14A.56 (i)(ii)(iii)(iv) 20251231 7.9%15.5%7.9% 3.1%10.7%2.0% 5% 35 2025627202520257182025 2025202562020257182026630 2025123164 5375 25% 20251231C1 2025 2025725 20251152025115202511520251152025115202511520251152025115202511520251152025115 3.10(1)(2)3.10A3.133.13 14 ––––––––– D21213 20251231 08008011600 2025123120252025 () A1 2025725 ACDACDBCDE 2025115202511520251152025115202511520251152025115202511520251152025115202