长风药业二零二五年年报
268929375558778283848587 16 131 www.cfpharmtech.com F 780 1526 5033A57/58/59 97927 2652 2021123120261231 20252025VBP 432.522024607.752.49202421.0931.75202451.872025CF017VBP20252025 2022349.12023556.42024607.831.9%CF0172024574.594.5% 2025(CMC) ++ CF017 CF017CF017202220232024335.9547.8574.52025344.7VBP CF01710,00020282025CF0172026 CF018 CF0182025CF01820221120231220231.3202423.94,300341,1002025CF0182.110.32025CF01879.0 CF018 2025 202510 20252 2026320 CF018202620252026120263 2025 20251,600 2020262030 ICF001 20263ICF001(IND)2.1ICF001(PAH)(PH-ILD) ICF001ICF001PAH/PH-ILD ICF004 20262ICF004IND1ICF004IPFICF004 ICF004 202512RNA(siRNA)IND RNA(siRNA) CP029/CP030RNA(siRNA)RNA(siRNA)RNA(siRNA)RNA(siRNA) 2025CF01720252.5202421.1 2024607.829.0%2025432.5CF017CF018 CF0172024574.540.0%2025344.7(i)CF017(ii)CF017(iii)20242025CF017 CF018202423.9202579.0CF018 2024116.410.1%2025104.6CF017202419.1%202524.2%2025CF018CF017 2024491.433.3%2025327.9202480.9%202575.8%(i)CF017(ii)(iii)CF018CF017 (i)(ii)(iii)(iv) 202419.728.7%202514.1 (i)(ii)(iii)(iv) 2024235.761.7%202590.3CF017202438.8%202520.9% (i)(ii)(iii)(iv)(v)(vi)(vii) 2024129.02025128.0202421.2%202529.6% (i)(ii)(iii)(iv) 2024121.82025124.5202420.0%202528.8%2025 20241.320255.22024123127.120251231159.4 (i)(ii) 20242.220254.62025 20241.842.5%20252.520252024 202474,0002025170,000 202515.920241.920252025 20252.5202421.1 (1) (2) 20241231531.120251231547.4 2024123147.222.2%2025123136.72025CF017 2024202536520241312025146 2024123127.120251231159.4(i)(ii)202520251231(iii)(iv) 20249202579202520251231 (i)(ii)(iii)(iv)(v) 2024123134.82025123133.2 20241231266.110.4%20251231238.3 202412315.149.0%202512317.6 2024123181.920251231414.9202510 202412312025123120.621.4 202475202573 (i)(ii)(iii)(iv)(v) 20241231204.138.0%20251231126.52025 20251231414.9238.37.620251231696.2142.3 202510 12 202412315.338.4%202512313.3 2024123173.820251231142.3 20241231202512312.45%2.95%2.20%2.95% 2024174.059.8%202570.020242025 202420251231108.759.6 (1)(2)(3) 20251231 202512312024 20251231202512315%2025123114 20251231238.3 20251231 20251231325.4202412314.3202510 20251231540202412316052025132.42024149.0 CF017CF017CF0172028CF017(i)CF018(ii)++(iii) (NDA)(CTA)(FDA)(EMA)20 CF018 (DPI)(MDI) 2025123159.6 20251231 2025432.52024607.8CF017 VBPICF001ICF004IND(NDA)RNA(siRNA) D23245 202512H 20262026 CF017VBP2028++ CF018 ICF001ICF004 602013120249 200220102016201610 19961996199920015 672013120249 (GlaxoSmithKline)GSKGSK19961219987(Schering-PloughCorporation)CirrusPharmaceuticals, Inc.Cirrus 19898200112(Kenan-Flagler Business School, University of North Carolina at ChapelHill) 672020920249 3 01 9 9 96I V A XPharmaceuticals, Inc.20061TEVATEVATEVA20078TEVATEVA Pharmaceuticals, Inc.20176IVAXTEVAFDA(DPI)ARMONAIR™RESPICUCK®AIRDUO™RESPICLICK®2017820209 1993121994219996(Miller School of Medicine) 462020920249 152007920083201512017520209 2003620111220181020206 542020620249 20134(ShangPharma Parent Limited)20111220145201452017520176 (i)20154201711002223(ii)2015620216300676(iii)201862003(iv)20199202256078(v)202210301239 199371998520036(Kellogg School of Management) 4120191220249 201210201812CDMO 20086200911 5120211220249 201410201742017420203202011202311603306 2005720099 662020920249 199881999720011120214688137 199671998 642020920249 199219952000200520219 19986 612020920249 20206000498 19951219967200322008620009201362013920152 502024930 20199892002720044200442006820083201122011320163J.P. Morgan Securities(Asia Pacific)Limited2017320202TUS Corporate Finance Limited20202202112022602021122022619A.18H 19981220083(University of Chicago Graduate School of Business)2001920201120059(CFA Institute) 38202111202112 2010720149201492017420175202411 2010620166 38202112 2009736922012420126 20097 4220163 200762010820109 20076 60 67 67 46 47 20027202110600664(i)(ii)(iii)(iv)20211120226 200272015820212 20259 2025912 13.51B(1) 20251231 RNA(siRNA) (1)BACOPDARIPFPAHCEDESMACCRS (2)(3)(4) 1 62252025123120251231 20251231540202412316052025132.42024149.0 2025123136.33%9.88% (i)(ii)(iii)2025123130% 5% 5 20 20251231 20251231 20251231 2025123126 20251231 20251216H 2025123167,000H2.32026228429,500H15.4 H 20251231496,500 2025108H14.7541,198,000H41,198,000525.4 H12.75HH38.5 20251231 2024 20242025H 20142202420249202420241720242024 50,957,46412.4%43,394,18820247,563,27620242024D. 2025H 2025122025HH17 2025H 2025H H9,066,707H2025HH3%2.20% 2025H1% 2025HH24 2025H H 2025HH 2025H202512162025H2025H 2025H2025H20251231H2025H (i)(ii) 20251231XVXV78352 (1) (2)20251231411,978,387109,754,801302,223,586H67,000(3)(4)12,710,621(i)10,791,401(ii)1,438,558(iii)480,662(5)(6)(7)(8)10,969,203(i)10,791,401(ii)177,802 20251231XV23336 (2)20251231411,978,387109,754,801302,223,586H67,000 (3) (4)101,084,056(i)33,000(ii)26,129,045(iii)21,063,828(iv)19,329,782(v)10,563,854(vi)23,964,547 (5)101,084,056(i)23,964,5