HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Over 15 years' experience in both finance and healthcare, covering clinic operations, investment and equity research in both China and overseas.

Russia-Ukraine War: The Impact on China Healthcare

China Healthcare Weekly (Mar.11) - 2022 Government Work Report, Expensive Monkeys, Technology Patent

China:  EM Investors Precariously Positioned

Anke Biotechnology (300009CH) Vs Changchun High & New Tech (000661CH)-Growth Hormone VBP and Outlook

WuXi AppTec (2359.HK/603259.CH)- Interesting Points to Ponder Behind 2021 Preliminary Financial Data

Eyebright Medical Technology (688050.CH) -The Impact Of Centralized Procurement and Business Outlook

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

Eyebright Medical Technology / Equity Bottom-Up

<ul>
<li>At the current stage, the price of IOL that won the bidding in centralized procurement was above Eyebright’s ex-factory price, which means that the profits are still guaranteed. </li>
<li>If two core products (IOL &amp; OK lens) are both included in the centralized procurement in the future, Eyebright needs to broaden the product category and find new growth points.</li>
<li>We analyze the valuation from a different angle.We could not say that the current market value of Eyebright is at the bottom, but is more reasonable compared with last June. </li>
</ul>


At the current stage, the price of IOL that won the bidding in centralized procurement was above Eyebright’s ex-factory price, which means that the profits are still guaranteed. 
If two core products (IOL &amp; OK lens) are both included in the centralized procurement in the future, Eyebright needs to broaden the product category and find new growth points.
We analyze the valuation from a different angle.We could not say that the current market value of Eyebright is at the bottom, but is more reasonable compared with last June. 


Shanghai Haohai Biological Tec (688366 CH)

Eyebright Medical Technology Beijing (688050.CH) - Some Points Worth the Attention