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　　四环医药（00460）公布2024年业绩，总收益约为人民币19.01亿元（单位下同），同比上升约2.2%。毛利约为12.42亿元，整体研究及开发开支约为4.74亿元，同比下降18.0%。年内经营活动的现金流量流入净额约为2.44亿元。

　　其中，来自医美业务的销售收益约为7.44亿元，同比上升约65.4%，主要由于年内产品获得市场的高度认可，从而推动医美销售收入大幅增长，叠加新产品销售带来的新增收入。

　　来自创新药及其他药品的收益约为5760万元，同比上升约388.1%。主要由于轩竹生物自研的一类新药安奈拉唑钠于 2023年下半年获批上市并开始产生收入。以上销售收益的变动趋势符合国内当前的“创新驱动，腾笼换鸟”的行业政策趋势。

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