In today’s briefing:
- Pre-IPO Lepu Medical Technology – Lepu Is in a Difficult Position and Turning It Around Takes Time
Pre-IPO Lepu Medical Technology – Lepu Is in a Difficult Position and Turning It Around Takes Time
- Lepu suffered from the negative impact of VBP on drug/medical consumables, and its share price has yet to recover. We are not optimistic about the outlook of the traditional businesses.
- Lepu’s expansion mainly relies on continuous M&A. Whether these diversified businesses will produce synergies and how much performance they will contribute need to be tested by time and the market.
- Excessive epitaxial expansion may not be a long-term solution. Lepu needs to focus more on endogenous growth and R&D,which is good for sustainable long-term growth. Such business transformation takes time.
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