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🇭🇰 港交所SSY GROUPCodex · 实盘不做把握 5/10
北京时间·🕒 发布 08-03 17:51:00时区推断·⟳ 抓取 08-03 17:54:07·⚡ 决策 08-04 10:48:11 +16h54m·84.3 天前

石四药集团13个产品16个规格全数中选第十二批国家集采

本次全数中选有助于石四药集团(02005.HK)扩大相关仿制药医院准入和份额,但公告未披露中选价格、约定采购量或相关产品现有销售占比,无法量化增量。

📄 原文SSY GROUP↗ 原文
VOLUNTARY ANNOUNCEMENT - SELECTION RESULTS OF NATIONAL CENTRALISED MEDICINES PROCUREMENT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the con…
不做 石四药集团(02005.HK)
全数中选利于份额但集采同时压价,公告未披露中选价、采购量和产品收入占比;次日上午股价反跌,当前无可量化正edge,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 17:51 HK官方确认/否认HKEX/SSY Group一手源原文 ↗
    公司盘后自愿公告称13个产品16个规格参与第十二批国家集采并全部中选,是本次具体事件的一手披露。
  2. 2026-08-04 10:44 HK市场反应Futu stock_quote非一手
    港股开盘后石四药集团(02005.HK)报2.43港元,较前收2.45港元跌0.82%,未出现公告后正向重定价。
    市场反应:02005.HK -0.82%

关键理由

  • 本次全数中选有助于石四药集团(02005.HK)扩大相关仿制药医院准入和份额,但公告未披露中选价格、约定采购量或相关产品现有销售占比,无法量化增量。
  • 集采对公司历史上并非单边利好:2025年公司收入约41.65亿港元同比降27.8%、净利降55.6%,公告和媒体均指出国家及地方集采扩围带来持续价格压力。
  • 事件后港股已进入下一交易日上午,石四药集团(02005.HK)报2.43港元、跌0.82%,市场没有对该盘后公告给出正向重定价。

主要风险

  • 若公司后续披露本批中选品种的采购量、价格和毛利显著好于预期,当前不做可能错过低位修复。
  • 第十二批集采规则强调反内卷和锚点价,可能缓和极端降价压力,但现有公告不足以证明利润弹性。

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-03-27 · 影响 weakens
    2025年收入约41.65亿港元同比降27.8%、净利约4.71亿港元同比降55.6%,集采扩围和价格压力被明确列为拖累因素。
    检索:石四药集团 2025 集采 价格压力 收入 净利润 原文 ↗
  • 做多前查反向 · 来源 web · 日期 2026-07-24 · 影响 weakens
    第十二批集采规则和品种范围在结果前已公开,且部分品种报价规则复杂,结果落地的新鲜度和利润可见度均不足。
    检索:第十二批药品集采 规则 品种 采购周期 价格 原文 ↗
  • 做多前查反向 · 来源 kb_search · 影响 weakens
    内部KB未命中本批中选产品的可靠收入占比、采购量或毛利数据,无法补足业绩量级。
    检索:石四药集团 第十二批 全国药品集中采购 中选 13个产品 16个规格
  • 做多前查反向 · 来源 stock_quote · 日期 2026-08-04 · 影响 weakens
    事件后次日上午股价2.43港元、跌0.82%,成交额约188万港元,市场未确认正向催化。
    检索:02005.HK full
工具调用 · 历史记录,结果未知(3 种)
  • search_processed_events · 结果未知
  • stock_quote · 结果未知
  • kb_search · 结果未知

原文全文

展开原文 · 2,890 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.

# VOLUNTARY ANNOUNCEMENT SELECTION RESULTS OF NATIONAL CENTRALISED MEDICINES PROCUREMENT

The board of directors (the “Board”) of SSY Group Limited (the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that, a total of 13 products with 16 specifications of the Group submitted for the twelve batch of the National Centralised Medicines Procurement (全國藥 品集中採購) in China were all selected in the respective tender results as follows: Blonanserin Tablets (4mg), Betahistine Mesylate Tablets (6mg), Vitamin B6 Injection (1ml:0.1g), Acipimox Capsules (0.25g), Doxazosin Mesylate Extended Release Tablets (4mg), Bisoprolol Fumarate and Amlodipine Besilate Tablets (bisoprolol fumarate 5mg and amlodipine besilate 5mg), Perindopril Arginine and Amlodipine Besilate Tablets (III) (perindopril arginine 10mg and amlodipine besilate 5mg), Nicardipine Hydrochloride Injection (10ml:10mg) and Nicardipine Hydrochloride Sodium Chloride Injection (200ml: nicardipine hydrochloride 20mg and sodium chloride 1.72g), Bumetanide Injection (2ml: 1mg and 1ml: 0.5mg), Pentoxifylline Sustained-release Tablets (0.4g), Deferasirox Dispersible Tablets (125mg), Composite Potassium Hydrogen Phosphate Injection (5ml: potassium dihydrogen phosphate 1.12g dipotassium hydrogen orthophosphate 1.18g and 2ml: potassium dihydrogen phosphate 0.448g dipotassium hydrogen orthophosphate 0.472g), and Calcium Chloride Injection (10ml: 1g).

The National Centralised Medicines Procurement has brought significant development opportunities to the Group. The Group actively adapts to the policy direction of centralised procurement, focuses on increasing market share of the products, leverages on the advantages of integration of “Bulk Pharmaceuticals + Preparations” and large-scale production, effectively controls the production costs, continuously supplies high-quality products, and constantly strengthens our market competitiveness.

This announcement is a voluntary announcement made by the Company to keep the shareholders and potential investors informed of the latest business development of the Group.

By order of the Board Chow Hing Yeung Executive Director and Company Secretary Hong Kong, 3 August 2026

As at the date of this announcement, the Board comprises Mr. Qu Jiguang, Mr. Su Xuejun, Mr. Meng Guo, Mr. Chow Hing Yeung and Ms. Qu Wanrong as executive Directors, Mr. Liu Wenjun as nonexecutive Director, and Mr. Wang Yibing, Mr. Chow Kwok Wai and Mr. Jiang Guangce as independent non-executive Directors.

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