【私募调研记录】重阳投资调研三生国健

Group 1 - The core viewpoint is that the company Sanofi Guojian is expected to achieve steady revenue growth in 2025, with significant clinical data releases anticipated [1] - The company has received acceptance for the ND application of the 608 project by CDE, indicating progress in its development pipeline [1] - Research and development investment for 2024 is projected to be 540 million yuan, reflecting a 72% year-on-year increase due to more projects entering late-stage clinical trials [1] Group 2 - The IBD market in China is estimated to have around 1.5 to 2 million patients, suggesting a potential for rapid growth as major companies are already making investments in this area [1]