三生制药:内生业务稳定增长 掘金海外未来可期

华源证券
Sep 17, 2025

事件:三生制药发布2025 年上半年业绩。公司2025H1 实现收入43.55 亿元,同比-1.07%,扣非归母净利润13.58 亿元,同比+19.13%;研发费用5.48 亿元,同比+15.13%;销售费用16.16 亿元,同比+1.38%;管理费用2.83 亿元,同比+40.80%。内生经营业务增长稳定。2025 年上半年,三生制药实现收入43.55 亿元,同比-1.07%;归母净利润13.6...

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