Guolian Securities believes that the rapid growth of pharmaceutical listed companies is closely related to the rapid integration of mergers and acquisitions and the concentration of market share to leading enterprises during the industry reform. Most listed companies have a high status in the industry and have strong advantages in management, capital and technology. Under the background of industry reform, leading enterprises are expected to continue to benefit.
In terms of valuation, the latest dynamic P/E ratio of 45 stocks in the above interim report is lower than the average level of the pharmaceutical industry (66.33 times), and the dynamic P/E ratio of Xincheng Hehecheng is the lowest, which is 15. 12 times, Yifan Pharmaceutical (14.98 +0.8 1%, buy) and The latest dynamic P/E ratios of Buy and Zhongsheng Pharmaceutical (1 1.50 +0.35%, Buy) are 2 1.3 1 times, 2 1.56 times and 2 1.60 times respectively.