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🇭🇰 港交所FOSUN PHARMACodex · 实盘不做把握 7/10
北京时间·🕒 发布 08-03 17:41:00时区推断·⟳ 抓取 08-03 17:43:25·⚡ 决策 08-04 12:47:30 +19h04m·84.3 天前

复星医药子公司恩格列净二甲双胍缓释片获国家药监局批准上市

公告确认复星万邦的恩格列净二甲双胍缓释片(III)获 NMPA 批准上市,事件方向本身为正面,但属于化学药3类仿制/改良仿制品种,公告也仅称丰富产品线。

📄 原文FOSUN PHARMA↗ 原文
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the con…
不做 复星医药(600196.SH)
药品获批方向为正面,但同类药2025年中国销售仅约6.74亿元,相对复星医药416.62亿元收入和约620亿元市值过小;公告后A股上午仅+0.30%,无足够短线edge,不做。
不做 复星医药(02196.HK)
同一主体H股承接该公告,但单品量级不足且港股午间反跌0.24%,没有可执行的正期望交易,不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

🔎 新鲜度:最早出现 2026-08-03 · 扩散 low · price-in 风险 medium ↗ ↗

消息传播链

  1. 2026-08-03 17:41 HK官方确认/否认HKEX/SSE公告一手源原文 ↗
    复星医药披露子公司复星万邦相关药品注册申请获国家药监局批准,属于一手监管/交易所公告。
  2. 2026-08-04 11:29 CST市场反应stock_quote非一手
    公告后首个A股交易日上午,复星医药(600196.SH)报23.22元,较前收+0.30%,未见明显重定价。
    市场反应:600196.SH +0.30%
  3. 2026-08-04 12:45 HK市场反应stock_quote非一手
    港股午间复星医药(02196.HK)报16.51港元,较前收-0.24%,同样未见利好驱动。
    市场反应:02196.HK -0.24%

关键理由

  • 公告确认复星万邦的恩格列净二甲双胍缓释片(III)获 NMPA 批准上市,事件方向本身为正面,但属于化学药3类仿制/改良仿制品种,公告也仅称丰富产品线。
  • 量级上,同类药物2025年中国院内销售约6.74亿元;复星医药2025年收入约416.62亿元、A股市值约620亿元,即便取得10%-20%份额也仅对应约0.67亿-1.35亿元收入,约占收入0.16%-0.32%,短线市值弹性不足。
  • 事件后2026-08-04上午A股复星医药仅+0.30%、H股复星医药-0.24%,市场没有把该单品获批定价成显著催化。

主要风险

  • 未披露商业化节奏、定价、渠道铺货和竞争格局,无法证明该品种能形成超出常规产品线补充的利润增量。
  • 若后续公司披露该品种进入核心渠道或销售份额显著超预期,需要用新的销售数据重新评估。
工具调用 · 历史记录,结果未知(2 种)
  • stock_quote · 结果未知
  • kb_search · 结果未知

原文全文

展开原文 · 4,930 字
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

## 上 海 復 星 醫 藥( 集 團 )股 份 有 限 公 司 Shanghai Fosun Pharmaceutical (Group) Co., Ltd.*

(a joint stock company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 02196)

### OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The following sets out the “Announcement in Relation to the Approval for Drug Registration of a Subsidiary” published by Shanghai Fosun Pharmaceutical (Group) Co., Ltd.* (the “Company”) on the website of the Shanghai Stock Exchange, for your reference only. The following is a translation of the abovementioned announcement solely for the purpose of providing information. Should there be any discrepancies, the Chinese version will prevail.

By order of the Board Shanghai Fosun Pharmaceutical (Group) Co., Ltd.* Chen Yuqing

Chairman

Shanghai, the PRC 3 August 2026

As at the date of this announcement, the executive directors of the Company are Mr. Chen Yuqing, Ms. Guan Xiaohui, Mr. Wen Deyong, Mr. Wang Kexin and Mr. Liu Yi; the non-executive directors of the Company are Mr. Chen Qiyu and Mr. Pan Donghui; the independent non-executive directors of the Company are Mr. Yu Tze Shan Hailson, Mr. Wang Quandi, Mr. Chen Penghui and Mr. Yang Yucheng; and the employee director of the Company is Ms. Yan Jia.

* for identification purposes only

Stock code: 600196 Stock abbreviation: Fosun Pharma No: Lin 2026-104

# Shanghai Fosun Pharmaceutical (Group) Co., Ltd.* Announcement in Relation to the Approval for Drug Registration of a Subsidiary

|The board of directors of the Company and all directors warrant that this announcement does not contain any false information, misleading statement or material omission, and accept legal liability for the truthfulness, accuracy and completeness of the contents herein contained.<br><br>|
|---|


I. Overview

Recently, the drug registration application for Empagliflozin and Metformin Hydrochloride Sustained-release Tablets(III) (the “Drug”) of Fosun Wanbang (Jiangsu) Pharmaceutical Group Co., Ltd.* (復星萬邦(江蘇)醫藥集團有限公司), a subsidiary of Shanghai Fosun Pharmaceutical (Group) Co., Ltd.* (上海復星醫藥(集團)股份有限公 司 ) (the “Company”), has been approved by the National Medical Products Administration. The approved indication is as an adjunct to diet and exercise to improve glycemic control in adult patients with type 2 diabetes mellitus who are currently being treated with empagliflozin and metformin hydrochloride.

II. Registration Information of the Drug Generic Name: Empagliflozin and Metformin Hydrochloride Sustained-release

Tablets(III) Dosage Form: Tablet Strength: empagliflozin 12.5mg and metformin hydrochloride 1,000mg Registered Category: Chemicals Category 3 Marketing Authorization Holder/Manufacturer : Fosun Wanbang (Jiangsu)

Pharmaceutical Group Co., Ltd.* (復星萬邦(江蘇)醫藥集團有限公司)

Drug Approval Number: Guo Yao Zhun Zi H20265383

III. Research and Development of the Drug and Marketing Situation of Similar Drugs

The Drug is a chemical drug independently developed by the Group (i.e., the Company and its subsidiaries/units, the same hereinafter). As of June 2026, the Group has invested approximately RMB17.92 million (unaudited) in total in the research and development of the Drug at current stage.

According to the latest data of IQVIA CHPA1, the sales of Metformin Hydrochloride and Empagliflozin Tablets in China (excluding Hong Kong, Macau and Taiwan) in 2025 was approximately RMB674 million.

IV. Impact on the Listed Company and Risk Warning This approval for marketing of the Drug will further enrich the product line of the

Group.

Due to the industry characteristics of pharmaceutical products, the specific sales performance after the market launch of pharmaceutical products may be affected by factors including, but not limited to, the demand for medication, market competition and sales channels, etc., and is subject to considerable uncertainty. Investors should take note of the investment risks.

Announcement is hereby made.

Board of Directors of Shanghai Fosun Pharmaceutical (Group) Co., Ltd.* 3 August 2026

* For identification purposes only

1 Provided by IQVIA, a provider of professional medical and health information and strategic consultation service in the world; IQVIA CHPA data cover the drug sales market of hospitals with more than 100 beds in China, the actual sales of different drugs may vary from the IQVIA CHPA data to varying degrees due to their different sales channels.

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