异动解读｜同仁堂医养盘中下跌41.09%，上市首日破发业绩压力与政策影响成主因

行情直击07-07 10:57

7月7日，同仁堂医养以5.5港元/股发售价正式登陆港交所，盘中大幅下跌41.09%，报3.24港元，成交额1.01亿港元，上市首日即告破发。

消息面上，该股此前暗盘交易已下跌超15%，市场对其短期基本面持谨慎态度。公司明确预判，受全国中药饮片集采及北京中药配方颗粒医保新规落地等政策影响，毛利率下行趋势将贯穿全年，叠加上市相关费用，全年净利润存在下滑风险。公司近三年收入基本停滞在约11.7亿元，净利润仅约3375万元，净利率仅2.9%，盈利能力偏薄。尽管此前香港公开发售获251.74倍超额认购，但发行价已定于区间低位，反映机构对估值和盈利前景的审慎定价。

（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

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