集采红利要见顶?海西新药再冲港股:主力仿制药年底到期 创新药管线却“断档”

华夏时报
Aug 16

近日,福建海西新药创制股份有限公司向港交所更新招股书,再度发起港股上市冲击。这家名称凸显“新药”属性的药企,核心业绩却高度依赖仿制药业务——2022至2024年,仿制药收入占比连续三年超90%,其中集采中标品种贡献近六成营收,成为驱动业绩增长的核心引擎。  招股书数据显示,受益于国家及省级带量采购政策,海西新药近三年业绩增速显著,年复合增长率达48.4%,净利润同步翻倍。但繁荣背后隐忧凸显:主力...

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