Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
色小组漫画全集|中字版背后的市场营销策略分析
随机图片

色小组漫画全集|中字版背后的市场营销策略分析

更新时间: 浏览次数: 717

400电话:123456(点击咨询)
色小组漫画全集|中字版背后的市场营销策略分析各观看免费《今日汇总》
色小组漫画全集|中字版背后的市场营销策略分析各热线观看免费2025已更新(2025已更新)








色小组漫画全集|中字版背后的市场营销策略分析观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








色小组漫画全集|中字版背后的市场营销策略分析观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




色小组漫画全集|中字版背后的市场营销策略分析各区点热线观看免费《今日发布》
Random Image 色小组漫画全集|中字版背后的市场营销策略分析电话








7天观看免费人工电话为您、色小组漫画全集|中字版背后的市场营销策略分析团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








色小组漫画全集|中字版背后的市场营销策略分析各观看免费《今日汇总》2025已更新(今日/推荐)








色小组漫画全集|中字版背后的市场营销策略分析电话区域:








襄阳市(襄城区、枣阳市、樊城区、南漳县、保康县、谷城县、襄州区、老河口市、宜城市)








郴州市(临武县、桂阳县、汝城县、资兴市、苏仙区、北湖区、桂东县、安仁县、宜章县、永兴县、嘉禾县)








海北藏族自治州(门源回族自治县、祁连县、海晏县、刚察县)








合肥市(蜀山区、庐江县、肥东县、巢湖市、包河区、瑶海区、庐阳区、长丰县、肥西县)  娄底市(冷水江市、新化县、双峰县、涟源市、娄星区)








运城市(万荣县、夏县、河津市、临猗县、盐湖区、稷山县、垣曲县、新绛县、芮城县、平陆县、闻喜县、永济市、绛县)








三明市(清流县、沙县区、宁化县、将乐县、泰宁县、永安市、明溪县、建宁县、尤溪县、三元区、大田县)








防城港市(东兴市、上思县、防城区、港口区)广元市(昭化区、剑阁县、苍溪县、利州区、朝天区、旺苍县、青川县)








安庆市(桐城市、宜秀区、迎江区、宿松县、大观区、怀宁县、望江县、潜山市、岳西县、太湖县)  金昌市(永昌县、金川区)








南阳市(方城县、邓州市、淅川县、宛城区、桐柏县、西峡县、唐河县、卧龙区、南召县、新野县、镇平县、内乡县、社旗县)








商洛市(山阳县、柞水县、商州区、洛南县、丹凤县、镇安县、商南县)








内江市(威远县、东兴区、隆昌市、市中区、资中县)








双鸭山市(宝山区、宝清县、友谊县、岭东区、集贤县、四方台区、饶河县、尖山区)








阿勒泰地区(吉木乃县、哈巴河县、布尔津县、富蕴县、阿勒泰市、青河县、福海县)








咸宁市(通城县、赤壁市、咸安区、通山县、嘉鱼县、崇阳县)








鹤岗市(兴安区、东山区、向阳区、萝北县、南山区、绥滨县、兴山区、工农区)








重庆市(梁平区、合川区、彭水苗族土家族自治县、开州区、璧山区、北碚区、长寿区、綦江区、永川区、九龙坡区、丰都县、大足区、巫山县、黔江区、巴南区、巫溪县、南岸区、沙坪坝区、秀山土家族苗族自治县、奉节县、涪陵区、江津区、石柱土家族自治县、渝北区、潼南区、渝中区、铜梁区、大渡口区、云阳县、南川区、酉阳土家族苗族自治县、江北区、荣昌区、城口县、万州区、武隆区、忠县、垫江县)








晋中市(介休市、太谷区、平遥县、灵石县、榆次区、榆社县、和顺县、左权县、昔阳县、祁县、寿阳县)








楚雄彝族自治州(楚雄市、双柏县、姚安县、南华县、牟定县、武定县、禄丰市、元谋县、大姚县、永仁县)








林芝市(波密县、工布江达县、米林市、察隅县、巴宜区、墨脱县、朗县)








秦皇岛市(抚宁区、海港区、卢龙县、北戴河区、青龙满族自治县、山海关区、昌黎县)








广西壮族自治区








玉林市(陆川县、玉州区、容县、兴业县、博白县、福绵区、北流市)








七台河市(桃山区、勃利县、茄子河区、新兴区)








遂宁市(大英县、船山区、射洪市、蓬溪县、安居区)








梅州市(蕉岭县、兴宁市、丰顺县、五华县、平远县、大埔县、梅江区、梅县区)








白山市(长白朝鲜族自治县、临江市、靖宇县、江源区、浑江区、抚松县)








信阳市(潢川县、新县、商城县、固始县、淮滨县、息县、光山县、浉河区、平桥区、罗山县)
400电话:123456(点击咨询)
色小组漫画全集|中字版背后的市场营销策略分析各观看免费《今日汇总》《今日发布》
色小组漫画全集|中字版背后的市场营销策略分析各观看免费《今日汇总》(2025已更新)








色小组漫画全集|中字版背后的市场营销策略分析观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








色小组漫画全集|中字版背后的市场营销策略分析观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




色小组漫画全集|中字版背后的市场营销策略分析各观看免费《今日汇总》【2025已更新列表】
色小组漫画全集|中字版背后的市场营销策略分析电话








7天观看免费人工电话为您、色小组漫画全集|中字版背后的市场营销策略分析团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








色小组漫画全集|中字版背后的市场营销策略分析中心2025已更新(今日/推荐)








色小组漫画全集|中字版背后的市场营销策略分析电话区域:








淮北市(杜集区、相山区、濉溪县、烈山区)








滁州市(凤阳县、明光市、天长市、南谯区、来安县、琅琊区、定远县、全椒县)








榆林市(府谷县、定边县、绥德县、横山区、吴堡县、佳县、清涧县、米脂县、靖边县、神木市、榆阳区、子洲县)








鄂州市(梁子湖区、华容区、鄂城区)  长沙市(宁乡市、芙蓉区、望城区、雨花区、开福区、浏阳市、岳麓区、天心区、长沙县)








淮南市(田家庵区、潘集区、谢家集区、凤台县、八公山区、大通区、寿县)








博尔塔拉蒙古自治州(博乐市、精河县、阿拉山口市、温泉县)








营口市(老边区、西市区、盖州市、鲅鱼圈区、站前区、大石桥市)商丘市(梁园区、永城市、睢县、夏邑县、虞城县、宁陵县、民权县、睢阳区、柘城县)








固原市(西吉县、泾源县、彭阳县、原州区、隆德县)  泸州市(泸县、古蔺县、叙永县、合江县、江阳区、龙马潭区、纳溪区)








阿克苏地区(阿瓦提县、拜城县、温宿县、柯坪县、阿克苏市、新和县、乌什县、库车市、沙雅县)








黄南藏族自治州(尖扎县、泽库县、河南蒙古族自治县、同仁市)








临沧市(永德县、临翔区、云县、耿马傣族佤族自治县、双江拉祜族佤族布朗族傣族自治县、镇康县、沧源佤族自治县、凤庆县)许昌市(建安区、襄城县、魏都区、鄢陵县、禹州市、长葛市)








成都市(金堂县、简阳市、青羊区、金牛区、都江堰市、新都区、新津区、锦江区、成华区、郫都区、彭州市、青白江区、邛崃市、蒲江县、双流区、大邑县、武侯区、崇州市、龙泉驿区、温江区)








昌吉回族自治州(呼图壁县、昌吉市、玛纳斯县、阜康市、木垒哈萨克自治县、吉木萨尔县、奇台县)








岳阳市(汨罗市、临湘市、岳阳楼区、湘阴县、岳阳县、平江县、君山区、华容县、云溪区)








内蒙古自治区








新疆维吾尔自治区








南宁市(青秀区、西乡塘区、上林县、兴宁区、横州市、邕宁区、隆安县、马山县、良庆区、江南区、武鸣区、宾阳县)








天水市(清水县、甘谷县、武山县、秦州区、张家川回族自治县、秦安县、麦积区)








杭州市(钱塘区、淳安县、富阳区、建德市、桐庐县、临平区、西湖区、滨江区、拱墅区、临安区、上城区、萧山区、余杭区)








石嘴山市(大武口区、平罗县、惠农区)








伊犁哈萨克自治州(尼勒克县、奎屯市、新源县、察布查尔锡伯自治县、伊宁县、霍城县、伊宁市、特克斯县、霍尔果斯市、昭苏县、巩留县)








汕头市(南澳县、潮阳区、龙湖区、潮南区、澄海区、濠江区、金平区)








河池市(宜州区、凤山县、都安瑶族自治县、南丹县、罗城仫佬族自治县、巴马瑶族自治县、大化瑶族自治县、金城江区、天峨县、环江毛南族自治县、东兰县)








渭南市(澄城县、白水县、华州区、大荔县、韩城市、潼关县、合阳县、华阴市、临渭区、富平县、蒲城县)








鞍山市(千山区、铁东区、海城市、岫岩满族自治县、立山区、台安县、铁西区)








庆阳市(华池县、宁县、镇原县、环县、西峰区、庆城县、正宁县、合水县)








宁波市(北仑区、鄞州区、象山县、宁海县、奉化区、镇海区、余姚市、海曙区、慈溪市、江北区)

4月18日,康华生物(维权)(300841)发布2024年年报,公司全年实现营业收入14.32亿元,扣非净利润4.57亿元。作为A股代表性创新型疫苗企业,康华生物的重组六价诺如病毒疫苗成功实现对外授权(license-out),并有望成为继人二倍体细胞狂犬病疫苗之后公司下一个“王牌产品”。

2024年,受疫苗降价、人口出生率下降等因素影响,疫苗企业业绩面临回调压力。2024年前三季度,A股14家疫苗上市公司中有10家“营利双降”,近期已披露2024年年报的疫苗企业中,主营HPV疫苗、流感疫苗的多家上市公司营收和净利润均大幅下滑。

在此背景下,康华生物业绩基本维持稳定,公司持续推进创新研发,实现技术出海,并在行业调整期进一步深化品牌和渠道建设,以疫苗产品核心竞争优势为出发点,不断提高市场覆盖率并促进渠道下沉。

当前,新型疫苗不断升级迭代,针对未满足需求的重磅疫苗陆续上市,在国产疫苗加速“出海”,创新疫苗国产替代趋势持续演进的背景下,康华生物将聚焦重点研发项目,促进研发成果落地,推动公司未来实现可持续增长。

六价诺如病毒疫苗“出海”商业化进程提速

2024年是康华生物成立20周年,经过长期技术积累的康华生物也在创新型疫苗领域实现重大突破,不仅实现技术出海,也为公司经营开启了新的增长点。

2024年1月,康华生物与国际疫苗企业hillevax签署独家许可协议,授权HilleVax在除中国(含港澳台)以外地区对重组六价诺如病毒疫苗及其衍生物进行开发、生产与商业化,交易金额包括首付款1500万美元,最高2.555亿美元的开发里程碑和销售里程碑款项,以及实际年净销售额个位数百分比的特许权使用费,创下中国疫苗License-out金额之最。

诺如病毒是全球急性胃肠炎的主要病原体,每年导致近7亿人感染、20万人死亡,但至今尚无疫苗上市,传统研发路径因病毒变异快、体外培养难而屡屡受挫。康华生物通过收集流调信息,和公共卫生专家、流行病学专家集中探讨,最终选定了六种诺如病毒主要流行基因型,开发重组六价诺如病毒疫苗,由此也成为在研价次最高的多价诺如病毒疫苗之一。

针对未满足需求的创新疫苗产品,也意味着良好的商业前景。诺如病毒感染性腹泻在全世界范围内均有流行,在国内,据中国国家疾控中心信息,每年10月到次年3月是我国诺如病毒感染高发季节,是导致急性胃肠炎的最常见病原体之一,国内多地也曾发生群体感染事件。据FrostSullivan的数据,随着中国诺如病毒疫苗管线研发进度和临床进度的推进,预计最早2026年将有相关产品获批上市;2026-2031年,中国诺如病毒疫苗市场规模可由15.3亿元增长至229.3亿元,年复合增长率达71.85%。

康华生物年报披露,公司重组六价诺如病毒疫苗在2024年12月取得国内临床试验许可,此外,ACYW135群脑膜炎球菌结合疫苗、人用狂犬病疫苗(人二倍体细胞)固定化生物反应器培养工艺计划在2025年申报临床试验。

对于康华生物而言,无论是为公司持续贡献业绩的人用狂犬病疫苗,还是加速迈向商业化的重组六价诺如病毒疫苗,都是“含金量”极高的大单品,尽管在医药控费等因素影响下疫苗市场存在一定起伏,但随着人口老龄化、公众接种意识提高,相关品种疫苗仍有着很大的渗透空间,这也为康华生物未来持续增长奠定坚实基础。

长期主义凸显增长潜力“耐心资本”增持

疫苗行业呈现研发周期长、资金投入大且生产及质控要求高的特点,使疫苗行业具有较高壁垒,呈现寡头垄断格局。这也决定了疫苗企业唯有坚持长期主义,持续投入研发创新和开拓市场才能获得可持续回报。

长期以来,默沙东、葛兰素史克、辉瑞等国际领先疫苗企业占据全球疫苗市场的大部分份额,如13价肺炎球菌多糖结合疫苗、HPV疫苗等重磅产品上市十余年后,销售额依然位居前列。对于中国本土疫苗企业而言,未来增长空间一方面在于国产替代,以高质量本土产品替代进口疫苗,与此同时,面向发达国家和发展中国家市场的“出海”,也将为本土疫苗企业开拓新空间。

在国产替代方面,2021年出台的《“十四五”国家药品安全及促进高质量发展规划》提出,支持疫苗领域创新发展,推动关键核心技术攻关,促推解决产业创新发展的“卡脖子”问题,部分本土疫苗企业在这方面已有成功案例。值得注意的是,中国人均疫苗发展公共支出相对较低,随着国民健康意识提高,相关研究指出,中国疫苗行业相较发达国家仍有2-8倍增长空间。

在国产疫苗“出海”方面,除向发展中国家输出疫苗外,如康华生物的重组六价诺如病毒疫苗成功实现了向发达国家的技术输出,堪称近年来创新疫苗出海的典型案例。

正是着眼于疫苗市场的广阔市场空间,康华生物已布局mRNA疫苗平台、重组蛋白VLP疫苗平台、多糖蛋白结合疫苗平台、减毒活疫苗平台、灭活疫苗平台、新型疫苗佐剂平台等多个创新疫苗平台,循序渐进推进相关管线的研发和商业化。未来,包括新疫苗品种的推出,以及疫苗产品迭代,都将成为创新疫苗企业的新增长点。

事实上,着眼康华生物的良好发展前景,2024年下半年以来已有多家“耐心资本”加持康华。

年报显示,截止2024年12月31日,相较于上一报告期,新进的流通股东中,四川国资“四川发展证券投资基金管理有限公司-川发精选3号私募证券投资基金”本期持有807.9万股,占流通股比例6.7%。增持的股东中,社保基金422组合本期较上期自持股份增持38.08%至197.04万股。一季报显示,截止2025年3月31日,新进的流通股东中,北向资金本期持有182.7万股,占流通股比例1.52%。

4月18日,康华生物在发布年报及一季报的同时,发布公告称拟将回购账户中的300万股用途由“用于实施员工持股计划或股权激励”,变更为“用于注销并相应减少注册资本”。股份注销通常被视为公司对自身价值的高度认可,有助于提升每股收益(EPS)和股东权益回报率(ROE),亦显示了康华生物对自身长期价值的信心。

新闻结尾 色小组漫画全集|中字版背后的市场营销策略分析的相关文章
芬兰宣布将大幅增加国防开支
特朗普称想把美国人送到国外服刑
澎湃AI晚新闻丨2025年4月13日
海关总署:严格依法实施各项对美反制措施,维护国家主权安全发展利益
人民锐评:商家招牌禁用“红蓝”,城市治理不能如此要“面子”
张栋梁说在中国从不感觉自己是外人
  • 友情链接:
  • 经常在外面吃饭有什么危害? 英议员赴港探亲被拒入境 外交部回应 四大行定增预案透露什么信号

    查看更多评价 ∨