Jinwu Financial News | The medical and aesthetic sector came out strong, with Times Angel (06699) up 9.1%, FuRui Medical Technology (01696) up 4.84%, Sansheng Pharmaceutical (01530) up 4.03%, Perfect Healthcare (01830) up 3.79%, MODERN DENTAL (03600) up 3.7%, Medical Thinking Health (02138) up 3.28%, and Giant Biotech (02367) up 3.12%.
CITIC Securities said that “still water”: the medical and aesthetic industry is being pressured in stages due to multiple factors such as purchasing power and willingness to spend, and the growth rate is slowing down. “Deep flow”: Upstream and downstream leaders continue to grow at a high level, market concentration increases, and profitability is stable. “Reserve momentum”: The supply of biomaterials and energy source devices is expected to continue to increase. Regenerated materials and recombinant collagen will continue to increase. Materials and indications extend from the face and neck to large parts of the body, and whole body weight+local fat management may be a hot topic in the future. Moving forward: Diversification of business strategies for all links in the industrial chain. 1) Upstream enterprises: emphasis on high-end product/differentiation (unique product on the track) /branded V.S., focusing on cost performance/upstream and downstream integration; 2) Medical and aesthetic institutions: institutional & doctor branding, product+service premium V.S. The sector continues to adjust, and valuations are already attractive.