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图47药明康德TIDES业务产能及增长情况
图47药明康德TIDES业务产能及增长情况
行业数据
下载Excel
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图片格式:PNG
图片大小:67KB
图片尺寸:1022*780
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所属报告:
药明生物(2269.HK)-港股公司深度报告:后端发力成长确定-250806(34页).pdf
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2021Q4-2025Q1药明康德TIDES业务季度收入及营收占比
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药明康德TIDES业务收入(亿元)
fCDlubTku70gfCBUSURFU+S4muWKoeaUtuWFpe+8iOS6v+WFg++8iSB8IFRJREVT5ZCM5q+U5aKe6YCfIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tfAp8IDIwMjEgfCA3ICAgICAgICAgICAgICAgICAgICB8IDE2MCUgICAgICAgICB8CnwgMjAyMiB8IDIwICAgICAgICAgICAgICAgICAgIHwgMTIwJSAgICAgICAgIHwKfCAyMDIzSDEgfCAxMyAgICAgICAgICAgICAgICAgICB8IDgwJSAgICAgICAgICB8CgoK6LWE5paZ5p2l5rqQ77ya6I2v5piO5bq35b635Y6G5bm05bm05oql77yM5Zu96IGU6K+B5Yi456CU56m25omA
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其它
2023-12-14
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药明康德TIDES业务收入(亿元)
5Lul5LiL5piv5o+Q5Y+W55qE5pWw5o2u5bm255Sf5oiQ55qE6KGo5qC877yM5Lul5Y+K6LWE5paZ5p2l5rqQ77yaCgp8IOW5tOS7vSAgIHwg6JCl5pS277yI5Lq/5YWD77yJIHwg5ZCM5q+UICAgIHwKfC0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLXwKfCAyMDIwICAgfCAzLjAgICAgICAgICAgfCAtICAgICAgIHwKfCAyMDIxICAgfCA4LjEgICAgICAgICAgfCAxNjglICAgIHwKfCAyMDIyICAgfCAyMC44ICAgICAgICAgfCAxNTglICAgIHwKfCAyMDIzSDEgfCAxMy4zICAgICAgICAgfCAzOCUgICAgIHwKCui1hOaWmeadpea6kO+8muiNr+aYjuW6t+W+t+WumOe9ke+8jOWbveS/oeivgeWIuOe7j+a1jueglOeptuaJgOaVtOeQhg==
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行业数据
2023-10-17
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TIDES业务客户及分子数量(个)
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行业数据
2023-09-28
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2020-2022年TIDES平台收入(亿元)
5aW955qE77yM5Lul5LiL5piv5oKo5o+Q5L6b55qE5Zu+54mH5YaF5a6555qE5pWw5o2u6KGo5qC85ZKM6LWE5paZ5p2l5rqQ77yaCgp8IOW5tOS7vSB8IOaUtuWFpe+8iOS6v+WFg++8iSB8IOWinumAnyB8CnwtLS0tLS18LS0tLS0tLS0tLS0tLS18LS0tLS0tfAp8IDIwMjAgfCAzICAgICAgICAgICAgfCAgICAgIHwKfCAyMDIxIHwgNy40ICAgICAgICAgIHwgMTQ2LjY3JSB8CnwgMjAyMiB8IDIwLjQgICAgICAgICB8IDE3NS42OCUgfAoK6LWE5paZ5p2l5rqQ77yaV3VYaSBDaGVtaXN0cnkgLSAyMDIy5oqV6LWE6ICF5byA5pS+5pel77yM6I2v5piO5bq35b63MjAyMuW5tOW5tOW6puS4mue7qea8lOekuuadkOaWme+8jOWkqemjjuivgeWIuOeglOeptuaJgA==
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行业数据
2023-09-01
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药明康德的启示,TIDES 业务后端发力。市场对于药明康德业绩此前比较保守,但在全球医药投融资在前两年承压的之下,公司非新冠业务不仅未出现下滑的情况反而稳健增长。拆解分析我们发现,药明康德商业化生产端TIDES 业务对业绩形成了重要支撑,2022 年至 2024 年间公司 TIDES 产能由10000 升提升至 2024 年底的 40000 升,伴随产能的提升,公司 TIDES 业务由2020 年的 3.2 亿元增长至 2024 年 58.0 亿元,年复合增长高达 106.0%。TIDES业务占营收比重由 2020 年的 1.9%提升至 2024 年的 14.8%,2025 年 H1 TIDES业务继续保持高速增长,同比增长 141.6%,占营收比重达到 23.2%。
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药明生物(2269.HK)-港股公司深度报告:后端发力成长确定-250806(34页).pdf
表7财务报表以及应指标
表5后端业务(临床及商业化)随着规划产能爬坡预计约能支撑78亿元净利润
表4公司综合目持续时间及一般性收益
表2全球主要CXO公司估值对比
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