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<article xsi:noNamespaceSchemaLocation="http://jats.nlm.nih.gov/publishing/1.1/xsd/JATS-journalpublishing1-mathml3.xsd" dtd-version="1.1" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><front><journal-meta><journal-id journal-id-type="publisher-id">PBES</journal-id><journal-title-group><journal-title>Proceedings of Business and Economic Studies</journal-title></journal-title-group><issn>2209-2641</issn><eissn>2209-265X</eissn><publisher><publisher-name>Bio-Byword Scientific Publishing Pty. Ltd.</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26689/pbes.v9i6.15441</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group></article-categories><title>Research on Financial Dilemmas and Breakthroughs of Chinese Pharmaceutical Enterprises: Taking Dizhe Pharmaceuticals as an Example</title><url>https://artdesignp.com/journal/PBES/9/6/10.26689/pbes.v9i6.15441</url><author>MaoRongyan,ZhangXinling</author><pub-date pub-type="publication-year"><year>2026</year></pub-date><volume>9</volume><issue>6</issue><history><date date-type="pub"><published-time>2026-07-14</published-time></date></history><abstract>In recent years, the pharmaceutical industry has witnessed frequent policy adjustments, intensifying market competition and continuous growth in R&amp;amp;D investment. Innovative pharmaceutical enterprises are generally under great financial pressure. As a typical innovative drug R&amp;amp;D enterprise, Dizhe Pharmaceuticals inevitably faces difficulties such as capital shortage, high R&amp;amp;D investment, and slow commercialization. Adopting the combined method of case analysis and financial indicator analysis, this paper systematically sorts out the financial breakthrough paths of Dizhe Pharmaceuticals. The research concludes that Dizhe Pharmaceuticals relieves financial pressure and resists financial risks through pipeline focus, accelerated commercialization, capital structure optimization, and external strategic collaboration, and effectively improves its long-term value creation capability. This case provides a reference for similar innovative pharmaceutical enterprises.</abstract><keywords/></article-meta></front><body/><back><ref-list><ref id="B1" content-type="article"><label>1</label><element-citation publication-type="journal"><p>Li H, Zhang M, 2024, Research on Financial Dilemmas and Financing Strategies of Innovative Pharmaceutical Enterprises. Accounting Research, (6): 78–89.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B2" content-type="article"><label>2</label><element-citation publication-type="journal"><p>Wang Z, Chen X, 2023, Research on the Relationship Among R&amp;D Investment, Capital Structure and Financial Performance of Biomedical Enterprises. Chinese Journal of Pharmaceutical Industry, 54(10): 1523–1530.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B3" content-type="article"><label>3</label><element-citation publication-type="journal"><p>Wang Y, 2024, Research on Valuation Methods of Unlisted Biomedical Enterprises on STAR Market, Zhongnan University of Economics and Law, June 1, 2024.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B4" content-type="article"><label>4</label><element-citation publication-type="journal"><p>Kaplan RS, Norton DP, 1992, The Balanced Scorecard. Harvard Business Review, 70(1): 71–79.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B5" content-type="article"><label>5</label><element-citation publication-type="journal"><p>Fu S, 2025, Chairman of Dizhe Pharmaceuticals: Adhering to Original Innovation and Facing Global Competition, China Securities Journal, July 16, 2025.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B6" content-type="article"><label>6</label><element-citation publication-type="journal"><p>Meng P, 2025, Dizhe Pharmaceuticals: Focusing on Advantageous Fields and Realizing R&amp;D and Commercialization Cycle, China Securities Journal, February 21, 2025.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B7" content-type="article"><label>7</label><element-citation publication-type="journal"><p>Zhang L, Zhou T, 2024, Valuation Model and Financial Risk Identification of STAR Market Innovative Pharmaceutical Enterprises. Securities Market Herald, (9): 32–41.</p><pub-id pub-id-type="doi"/></element-citation></ref></ref-list></back></article>
