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方达控股(1521.HK)发布2025年度业绩,盈利能力大幅提升

香港智远权证网2026年3月30日 20:17
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2026年3月30日-香港)提供一体化、科学驱动的研究、分析和开发服务,在北美、欧洲和中国同时运营业务的合同研究机构,方达控股公司(「方达」「方达控股」或「集团」;股份代码:1521.HK),今日公布其截至2025年12月31日止年度之经审核全年业绩。

集团收入同比增长 0.7% 至 2025 年的 256.7 百万美元;其中北美和欧洲业务收入达到 197.7 百万美元,与 2024 年的 198.2 百万美元基本持平。中国业务收入同比增长 4.1% 至 59.0百万美元。

集团毛利达到 69.2百万美元,与 2024 年的 69.8 百万美元基本持平。具体而言,北美和欧洲业务毛利率从2024年的约 29.3% 略下降至2025年的约28.5%,主要由于药物发现业务的收入有所下降。中国业务毛利率从 2024 年的约 20.7% 上升至 2025 年的约 21.9%,主要由于收入回升以及产能利用率提升带来的成本下降。

净利同比增长 1,033.3% 至 2025 年的 6.8百万美元。剔除非经营项目(以股份为基础的薪酬开支,并购所得无形资产摊销,并购相关开支、商誉减值损失及按公允价值计入损益的金融资产/负债产生的收益或损失) 影响,经调整净利同比增长 18.9% 至 15.7百万美元。经调整净利率从 2024 年的 5.2% 上升至 2025 年的 6.1%,主要由于实施降本增效措施以提升运营效率。

截至2025年12月31日,集团的在手订单达到约433.7百万美元,与2024年12月31日的约390.6百万美元相比增长11.0%。在手订单的增长为近期收入机会提供了较高的可见性。

2025年,生物医药行业在地缘政治紧张局势、定价压力、不断变化的监管预期以及赞助方和政府日益严格的审查等多重挑战中前行。尽管面临这些挑战,集团相比 2024 年仍实现了收入增长,盈利能力显著增强。此外,集团通过优化组织架构并整合两大核心服务部门,即全球药物发现与开发服务和全球实验室服务的资源,强化了从药物发现到临床研究的端到端服务能力。集团于2025年5月在宾夕法尼亚州埃克斯顿开设的新CRDMO设施,标志着区域服务能力的显著升级。包括全球领先制药公司在内的客户日益增长的信任,持续验证本集团以科学为驱动、以客户为中心的理念,并巩固了集团应对行业挑战的基础。

展望未来,集团将深化以科学卓越为核心的全球战略,将利用新兴技术(如人工智能和先进数据分析)来增强服务整合并加速突破。基于集团在北美、欧洲和亚洲的多区域布局,集团旨在加强本地化专业知识和跨境协调。集团近期收购上海观合医药科技股份有限公司,扩大了集团的中心实验室服务规模,并提升了集团在亚太地区的影响力,使集团能够同时支持国内及多区域的临床试验。随着监管要求和客户需求日益严格,集团将始终致力于提供卓越的质量和量身定制的解决方案,巩固集团作为全球合作伙伴值得信赖的'创新加速器'的角色。

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