研报掘金丨华鑫证券：予九洲药业“买入”评级，TIEDES订单增长32%

格隆汇08-10

华鑫证券研报指出，九洲药业Q2业绩环比提升，TIEDES订单增长32%。2026H1公司业绩下滑主要受到客户项目订单的影响，该影响主要集中在Q1。Q2订单影响减弱，环比Q1收入增长14.49%，归母净利增长25.12%。公司持续推进“做深”大客户和“做广”新兴客户的战略，订单体量和项目数实现稳步增长。2026H1,公司小分子创新药业务新增早期临床阶段项目66个，Ⅲ期临床至上市前阶段项目5个，商业化...

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