????:1????????spa??:??????

2?????

3????????

4???????

5?????????

???????12?22??(???)??????????;?????????????,????5????? ;???????;?17???????????3????????????,???REITs?????;?????“?”???;???????????????????????;??????????“?”??……??12?????16?-12?22???????????,??

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12??16?,??,????,???????????9???????,??«????»,?,???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

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12????????????19?,??,????,??1.1????????,5????????????????????????????,???20?5???????25.8????,18???,????????

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12??19???????,????«?????»?????????????????????“????????????????????????????????????????????????????????????????????,?????????????????????????????????????????,???????14??????????????????????????????“???”,?????????????12???5????,“???????????”??????“???????????”???????????

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12?18??,???,?????Pre-REITs???????????????,????17????,??????????????????Pre-REITs???,????????????9??????????,?????,??????????,???????????????,?110??????????????????????????????

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12??19??,?,??(?)?60%??,??,?,??????

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???!?cAMP????????????????GLP-1?

12????????16?,?,??????1???????(Ecnoglutide Injection)?????????????CDE??,??

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12????18??????,??????????(???)????,??????

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12??20??????????,?????,???????????????????????????????????????????????????,???????????????????????,???

???:???????40????

12??20?,???????????,????2025?????1????????14?????????????2025???????????????????????????????4???????13????,??????40.00?????,??0.0316%?????????????,?????IPO???????????????????????????,????169.53?,???0.13%?(?) ???:???