《大行》招商证券首予药明合联(02268.HK)“强烈推荐”评级 看好未来增长潜力

阿斯达克财经
May 23, 2025

招商证券发表研究报告指,药明合联(02268.HK) 是ADC CDMO的龙头企业,在技术平台、品质、效率及成本等方面全球领先,并估算集团市占率约20%。集团去年收入40.52亿元人民币,四年年均复合增长率达133%;去年净利润10.7亿元人民币,按年升122%;截至去年底,集团服务客户数499间,在手未完成订单总金额9.91亿美元,按年增71%。该行表示,药明合联在R端、D端已展现出技术及速度上...

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