石药集团(1093.HK):1Q环比改善亮眼 多平台现出海潜力

华泰证券
30 May

公司公告,1Q25 实现收入70.15 亿元(-21.9%yoy,+11%qoq),归母净利润14.8 亿元(-8.4%yoy,+169%qoq)。1Q25 收入/利润环比改善亮眼,主因内生主业环比企稳+Lp(a)及MAT2A 小分子BD 交易部分首付款确认。我们重点看好公司:1)EGFR ADC 海内外临床快速推进+数据持续读出,或展现出海潜力;2)高分红及可观回购(公司年初至今合计回购金额达...

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