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张溪
2025-12-29
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异动解读 | 翰思艾泰-B盘中大跌13.11%，上市后持续承压，临床管线风险引担忧
张溪
2025-10-03
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class=\"h-name\">异动解读 </p>\n<p class=\"h-time\">2025-12-29 11:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>翰思艾泰-B（03378）今日盘中大跌13.11%，延续了其上市以来的疲软表现。</p><p>消息面上，翰思艾泰-B自12月23日登陆港股以来表现不佳，上市首日即暴跌46.25%，市值缩水至约20亿元人民币。公司核心产品HX009（靶向PD-L1与CD47的双功能融合蛋白）仍处于早期临床阶段，面临极高的研发失败风险。此外，公司背负对赌协议，若核心管线未能在2026年底前提交上市申请，投资者有权要求赎回股份，进一步加剧了市场对其资金压力的担忧。</p><p>翰思艾泰-B的研发投入有限（2025年前8个月仅5617万元），却选择了CD47这一高难度靶点，而全球尚无同类药物成功获批。叠加公司短期内难以商业化的预期，市场对其长期价值持谨慎态度，导致股价持续承压。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03378":"翰思艾泰-B"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136212543","content_text":"翰思艾泰-B（03378）今日盘中大跌13.11%，延续了其上市以来的疲软表现。消息面上，翰思艾泰-B自12月23日登陆港股以来表现不佳，上市首日即暴跌46.25%，市值缩水至约20亿元人民币。公司核心产品HX009（靶向PD-L1与CD47的双功能融合蛋白）仍处于早期临床阶段，面临极高的研发失败风险。此外，公司背负对赌协议，若核心管线未能在2026年底前提交上市申请，投资者有权要求赎回股份，进一步加剧了市场对其资金压力的担忧。翰思艾泰-B的研发投入有限（2025年前8个月仅5617万元），却选择了CD47这一高难度靶点，而全球尚无同类药物成功获批。叠加公司短期内难以商业化的预期，市场对其长期价值持谨慎态度，导致股价持续承压。","news_type":1,"symbols_score_info":{"03378":1}},"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":485095439646880,"gmtCreate":1759460218830,"gmtModify":1759461466923,"author":{"id":"4207644134266920","authorId":"4207644134266920","name":"张溪","avatar":"https://static.tigerbbs.com/9ecc077129ffff395403a451af452b58","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4207644134266920","authorIdStr":"4207644134266920"},"themes":[],"title":"","htmlText":"来吃月饼啦🥮","listText":"来吃月饼啦🥮","text":"来吃月饼啦🥮","images":[{"img":"https://static.tigerbbs.com/306fb0c65645a97862d18441774c8bf3"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/485095439646880","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":516051709911368,"gmtCreate":1767009916081,"gmtModify":1767011864717,"author":{"id":"4207644134266920","authorId":"4207644134266920","name":"张溪","avatar":"https://static.tigerbbs.com/9ecc077129ffff395403a451af452b58","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4207644134266920","idStr":"4207644134266920"},"themes":[],"title":"","htmlText":"垃圾","listText":"垃圾","text":"垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/516051709911368","repostId":"1136212543","repostType":2,"repost":{"id":"1136212543","kind":"news","weMediaInfo":{"introduction":"个股异动一手消息解读","home_visible":1,"media_name":"异动解读","id":"1092702339","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1766977346,"share":"https://www.laohu8.com/m/news/1136212543?lang=zh_CN&edition=full","pubTime":"2025-12-29 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name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>异动解读 | 翰思艾泰-B盘中大跌13.11%，上市后持续承压，临床管线风险引担忧</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; 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0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n异动解读 | 翰思艾泰-B盘中大跌13.11%，上市后持续承压，临床管线风险引担忧\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092702339\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">异动解读 </p>\n<p class=\"h-time\">2025-12-29 11:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>翰思艾泰-B（03378）今日盘中大跌13.11%，延续了其上市以来的疲软表现。</p><p>消息面上，翰思艾泰-B自12月23日登陆港股以来表现不佳，上市首日即暴跌46.25%，市值缩水至约20亿元人民币。公司核心产品HX009（靶向PD-L1与CD47的双功能融合蛋白）仍处于早期临床阶段，面临极高的研发失败风险。此外，公司背负对赌协议，若核心管线未能在2026年底前提交上市申请，投资者有权要求赎回股份，进一步加剧了市场对其资金压力的担忧。</p><p>翰思艾泰-B的研发投入有限（2025年前8个月仅5617万元），却选择了CD47这一高难度靶点，而全球尚无同类药物成功获批。叠加公司短期内难以商业化的预期，市场对其长期价值持谨慎态度，导致股价持续承压。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03378":"翰思艾泰-B"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136212543","content_text":"翰思艾泰-B（03378）今日盘中大跌13.11%，延续了其上市以来的疲软表现。消息面上，翰思艾泰-B自12月23日登陆港股以来表现不佳，上市首日即暴跌46.25%，市值缩水至约20亿元人民币。公司核心产品HX009（靶向PD-L1与CD47的双功能融合蛋白）仍处于早期临床阶段，面临极高的研发失败风险。此外，公司背负对赌协议，若核心管线未能在2026年底前提交上市申请，投资者有权要求赎回股份，进一步加剧了市场对其资金压力的担忧。翰思艾泰-B的研发投入有限（2025年前8个月仅5617万元），却选择了CD47这一高难度靶点，而全球尚无同类药物成功获批。叠加公司短期内难以商业化的预期，市场对其长期价值持谨慎态度，导致股价持续承压。","news_type":1,"symbols_score_info":{"03378":1}},"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":485095439646880,"gmtCreate":1759460218830,"gmtModify":1759461466923,"author":{"id":"4207644134266920","authorId":"4207644134266920","name":"张溪","avatar":"https://static.tigerbbs.com/9ecc077129ffff395403a451af452b58","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4207644134266920","idStr":"4207644134266920"},"themes":[],"title":"","htmlText":"来吃月饼啦🥮","listText":"来吃月饼啦🥮","text":"来吃月饼啦🥮","images":[{"img":"https://static.tigerbbs.com/306fb0c65645a97862d18441774c8bf3"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/485095439646880","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}
