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研報掘金丨信達證券:天士力業績平穩運行,核心資產保持穩定增長,建議重點關注
格隆匯 02-25 16:45
信達證券研報指出,天士力(600546.SH)24年實現歸母淨利潤9.56億元,同比下滑10.78%。業績平穩運行,核心資產保持穩定增長。從核心品種銷量來看,複方丹蔘滴丸實現銷量1.54 億盒,同比增長9.24%,克服集採負面影響實現以價換量。認為面對2024年外部環境的不確定性,公司核心資產醫藥工業保持穩定增長,三大基藥品種複方丹蔘滴丸、養血清腦系列、芪參益氣滴丸保持穩定增長,展現出較強的經營韌性。公司是國內領先的創新型現代中藥企業,臨牀中後期研發管線儲備豐富,已經逐步進入收穫期。看好公司核心資產的穩定性、牽頭華潤三九的協同發展、以及研發管線的商業化價值,建議重點關注。
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