🇭🇰 港交所TONGRENTANGCMDoubao · 实盘不做把握 8/10不做原因:标的无直接敞口
北京时间·🕒 发布 16:48:00时区推断·⟳ 抓取 16:49:01·⚡ 决策 10-14 16:50:08 +1m07s·13.1 天前
同仁堂国药子公司获澳门6款中成药注册证明书,公司明示对当前业绩无重大影响
这是港交所一手自愿公告,事实清晰、方向略偏正面,但本质是6款中成药取得澳门地区销售准入:药品尚未上市、澳门为极小市场、注册费仅约5万港元,且公司明确声明对生产经营及业绩暂不构成任何重大影响。缺乏可量化的收入/利润增量,不构成可交易催化,故回避。
📄 原文TONGRENTANGCM↗ 原文
Voluntary Announcement - Receiving the Certificate of Registration of Proprietary Chinese Medicine
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the con…
不做 北京同仁堂国药有限公司(03613.HK)
6款中成药获澳门注册仅为小区域市场准入,药品尚未上市、注册费仅约5万港元、公司明示对当前业绩无重大影响,无可量化收入/利润增量与短线edge,属程序性非重大公告,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
结论摘要
同仁堂国药子公司获澳门6款中成药注册证,属区域市场准入的程序性利好;药品未上市、市场体量小、公司明示无重大业绩影响,增量可忽略,不具交易价值,回避。
🔎 新鲜度:最早出现 2026-10-14 · 扩散 low · price-in 风险 low ↗
关键理由
- 6款药品取得澳门合法销售资格,长期利于区域市场拓展(方向正面但极弱)
主要风险
- 产品尚未在澳门上市,注册到实际销售、铺货和收入兑现存在不确定且可能长期滞后
- 公司已明确声明该事项对当前业绩无重大影响,缺乏收入增量支撑,易见光即无反应
反向证据
- 做多前查反向 · 来源 filing · 日期 2026-10-14 · 影响 invalidates
公告自身即为最强反证:注册费约5万港元、6款药品尚未上市销售、公司明确对生产经营及业绩暂不构成任何重大影响
检索:同仁堂国药 澳门 中成药注册 收入占比 重大影响 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例不改变结论;事件 materiality 过低,直接以 NO_CAUSAL_EXPOSURE 回避,未补造先例
方向:无可靠同机制先例;但此类'区域市场注册准入+公司自认非重大+未上市'公告在逻辑上缺乏可交易增量,不依赖先例即可判定回避
涨幅量级:未做先例统计:事件本身无收入量级(注册费仅约5万港元、产品未上市),不存在可供校准的涨幅基础
形态:无法据先例判断见光死;但公司'无重大影响'声明通常意味着市场不重定价
工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 9 ms
{"result": "search_processed_events:agent query=`beijing tong ren tang chinese medicine 3613 macau certificate registration proprietary chinese medicine | trt macau 石淋通颗粒 舒肝健胃丸 四神丸 澳门注册 | 同仁堂国药 3613 澳门 中成药注册证明书`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选,不
原文全文
展开原文 · 5,002 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.
BEIJING TONG REN TANG CHINESE MEDICINE COMPANY LIMITED
北京同仁堂國藥有限公司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 3613)
VOLUNTARY ANNOUNCEMENT
RECEIVING THE CERTIFICATE OF REGISTRATION OF PROPRIETARY
CHINESE MEDICINE
This announcement is made by the board of directors (the “Board”) of Beijing Tong Ren Tang
Chinese Medicine Company Limited (the “Company”) on a voluntary basis to inform its
shareholders and potential investors of the latest business development about the Company.
The Board is pleased to announce that the subsidiary of the Company, Beijing Tong Ren Tang
(Macau) Company Limited (“TRT Macau”), received the Certificate of Registration of Proprietary
Chinese Medicine (《 中 成 藥 註 冊 證 明 書 》 ) issued by the Pharmaceutical Administration
Bureau of Macao Special Administrative Region Government, allowing “Shilintong Keli【Tong
Ren Tang】” (石淋通顆粒【同仁堂】), “Shugan Jianwei Wan【Tong Ren Tang】” (舒肝健胃丸
【同仁堂】), “Sishen Wan【Tong Ren Tang】” (四神丸【同仁堂】), “Huangjing Wan【Tong
Ren Tang】” (黃精丸【同仁堂】), “Zibu Jianshen Wan 【Tong Ren Tang】” (滋補健身丸【同仁
堂】) and “Zhuangyuan Wan【Tong Ren Tang】” (狀元丸【同仁堂】) (collectively named as
“Medicines”) to be sold in the Macao Special Administrative Region of the People’s Republic of
China (“Macao”). The relevant details are as follows:
–1–
No.
Name of medicines
Registration number
1
Shilintong Keli【Tong Ren
Tang】(石淋通顆粒【同仁
堂】)
MAC-C00365
2
Shugan Jianwei Wan【Tong
Ren Tang】(舒肝健胃丸【同
仁堂】)
MAC-C00448
3
Sishen Wan【Tong Ren
Tang】(四神丸【同仁堂】)
MAC-C00457
4
Huangjing Wan【Tong Ren
Tang】(黃精丸【同仁堂】)
MAC-C00537
5
Zibu Jianshen Wan【Tong
Ren Tang】(滋補健身丸【同
仁堂】)
MAC-C00594
–2–
Function and main indications
To clear dampness-heat, promote
urination and expel stone. Indicated
for urinary stone, pyelonephritis
and cholecystitis.
To soothe the liver, resolve
depression, remove stagnation and
harmonise the middle. Indicated for
distending pain in the epigastrium,
fullness and oppression in the
chest, vomiting, acid regurgitation,
abdominal distension and
constipation due to liver-stomach
disharmony.
To warm the kidney and disperse
cold, astringe the intestine and stop
diarrhoea. Indicated for diarrhoea
due to deficiency of kidney yang,
manifested as borborygmus,
abdominal distension, diarrhoea
before dawn, reduced food intake,
undigested food in the stool,
protracted diarrhoea, sallow
complexion, and cold limbs.
To tonify qi and nourish blood.
Indicated for deficiency of qi and
blood, physical weakness, lack of
strength in the lower back and legs,
lassitude and reduced food intake.
To tonify the kidney, regulate the
spleen, eliminate dampness and
relieve distension. Indicated for
fatigue, soreness and weakness in
the lower back and knees, and
heavy limbs due to spleen-stomach
weakness.
No.
6
Name of medicines
Zhuangyuan Wan【Tong Ren
Tang】(狀元丸【同仁堂】)
Registration number
Function and main indications
MAC-C00621
To nourish the heart, enrich the
kidney, invigorate the brain and
tranquilise the mind. Indicated for
insomnia, forgetfulness, deficiency
vexation, dream-disturbed sleep,
palpitations, restlessness, dim
vision, tinnitus, fatigue due to
heart-kidney deficiency and brain
overexertion.
The registrant of the Medicines is TRT Macau. As of the date of this announcement, the relevant
registration fee of the Medicines incurred by the Company is approximately HK$50,000 (unaudited).
The Medicines have not yet been launched for sale in Macao.
Impact on the Company and Risk Warning
Upon obtaining the Certificate of Registration of Proprietary Chinese Medicine issued by the
Pharmaceutical Administration Bureau of Macao Special Administrative Region Government, the
Medicines can be sold in Macao, which is beneficial to its market expansion. The obtaining of the
aforementioned certificate of registration will not have any material impact on the production,
operation and performance of the Company for the time being. The sales of pharmaceutical products
can be influenced by factors such as changes in the policy environment, exchange rate fluctuations
and market competition in the Macao region.
Shareholders and potential investors should exercise caution when dealing in the securities of
the Company.
By order of the Board
Beijing Tong Ren Tang
Chinese Medicine Company Limited
Yan Han
Chairman
Hong Kong, 14 October 2026
As at the date of this announcement, the composition of the Board is as follows:
Executive Directors:
Mr. Yan Han (Chairman)
Mr. Yue Zheng (Vice Chairman)
Mr. Wang Chi
Independent Non-executive Directors:
Mr. Tsang Yok Sing, Jasper
Mr. Xu Hong Xi
Mr. Chan Ngai Chi
Non-executive Director:
Ms. Feng Li
–3–
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.
BEIJING TONG REN TANG CHINESE MEDICINE COMPANY LIMITED
北京同仁堂國藥有限公司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 3613)
VOLUNTARY ANNOUNCEMENT
RECEIVING THE CERTIFICATE OF REGISTRATION OF PROPRIETARY
CHINESE MEDICINE
This announcement is made by the board of directors (the “Board”) of Beijing Tong Ren Tang
Chinese Medicine Company Limited (the “Company”) on a voluntary basis to inform its
shareholders and potential investors of the latest business development about the Company.
The Board is pleased to announce that the subsidiary of the Company, Beijing Tong Ren Tang
(Macau) Company Limited (“TRT Macau”), received the Certificate of Registration of Proprietary
Chinese Medicine (《 中 成 藥 註 冊 證 明 書 》 ) issued by the Pharmaceutical Administration
Bureau of Macao Special Administrative Region Government, allowing “Shilintong Keli【Tong
Ren Tang】” (石淋通顆粒【同仁堂】), “Shugan Jianwei Wan【Tong Ren Tang】” (舒肝健胃丸
【同仁堂】), “Sishen Wan【Tong Ren Tang】” (四神丸【同仁堂】), “Huangjing Wan【Tong
Ren Tang】” (黃精丸【同仁堂】), “Zibu Jianshen Wan 【Tong Ren Tang】” (滋補健身丸【同仁
堂】) and “Zhuangyuan Wan【Tong Ren Tang】” (狀元丸【同仁堂】) (collectively named as
“Medicines”) to be sold in the Macao Special Administrative Region of the People’s Republic of
China (“Macao”). The relevant details are as follows:
–1–
No.
Name of medicines
Registration number
1
Shilintong Keli【Tong Ren
Tang】(石淋通顆粒【同仁
堂】)
MAC-C00365
2
Shugan Jianwei Wan【Tong
Ren Tang】(舒肝健胃丸【同
仁堂】)
MAC-C00448
3
Sishen Wan【Tong Ren
Tang】(四神丸【同仁堂】)
MAC-C00457
4
Huangjing Wan【Tong Ren
Tang】(黃精丸【同仁堂】)
MAC-C00537
5
Zibu Jianshen Wan【Tong
Ren Tang】(滋補健身丸【同
仁堂】)
MAC-C00594
–2–
Function and main indications
To clear dampness-heat, promote
urination and expel stone. Indicated
for urinary stone, pyelonephritis
and cholecystitis.
To soothe the liver, resolve
depression, remove stagnation and
harmonise the middle. Indicated for
distending pain in the epigastrium,
fullness and oppression in the
chest, vomiting, acid regurgitation,
abdominal distension and
constipation due to liver-stomach
disharmony.
To warm the kidney and disperse
cold, astringe the intestine and stop
diarrhoea. Indicated for diarrhoea
due to deficiency of kidney yang,
manifested as borborygmus,
abdominal distension, diarrhoea
before dawn, reduced food intake,
undigested food in the stool,
protracted diarrhoea, sallow
complexion, and cold limbs.
To tonify qi and nourish blood.
Indicated for deficiency of qi and
blood, physical weakness, lack of
strength in the lower back and legs,
lassitude and reduced food intake.
To tonify the kidney, regulate the
spleen, eliminate dampness and
relieve distension. Indicated for
fatigue, soreness and weakness in
the lower back and knees, and
heavy limbs due to spleen-stomach
weakness.
No.
6
Name of medicines
Zhuangyuan Wan【Tong Ren
Tang】(狀元丸【同仁堂】)
Registration number
Function and main indications
MAC-C00621
To nourish the heart, enrich the
kidney, invigorate the brain and
tranquilise the mind. Indicated for
insomnia, forgetfulness, deficiency
vexation, dream-disturbed sleep,
palpitations, restlessness, dim
vision, tinnitus, fatigue due to
heart-kidney deficiency and brain
overexertion.
The registrant of the Medicines is TRT Macau. As of the date of this announcement, the relevant
registration fee of the Medicines incurred by the Company is approximately HK$50,000 (unaudited).
The Medicines have not yet been launched for sale in Macao.
Impact on the Company and Risk Warning
Upon obtaining the Certificate of Registration of Proprietary Chinese Medicine issued by the
Pharmaceutical Administration Bureau of Macao Special Administrative Region Government, the
Medicines can be sold in Macao, which is beneficial to its market expansion. The obtaining of the
aforementioned certificate of registration will not have any material impact on the production,
operation and performance of the Company for the time being. The sales of pharmaceutical products
can be influenced by factors such as changes in the policy environment, exchange rate fluctuations
and market competition in the Macao region.
Shareholders and potential investors should exercise caution when dealing in the securities of
the Company.
By order of the Board
Beijing Tong Ren Tang
Chinese Medicine Company Limited
Yan Han
Chairman
Hong Kong, 14 October 2026
As at the date of this announcement, the composition of the Board is as follows:
Executive Directors:
Mr. Yan Han (Chairman)
Mr. Yue Zheng (Vice Chairman)
Mr. Wang Chi
Independent Non-executive Directors:
Mr. Tsang Yok Sing, Jasper
Mr. Xu Hong Xi
Mr. Chan Ngai Chi
Non-executive Director:
Ms. Feng Li
–3–
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