The disclosure of semi-annual reports of listed companies in Shanghai and Shenzhen listed companies has officially ended. According to the data reported in the pharmaceutical industry, due to the dual impact of price increases of raw materials and product price reduction policies, the gross profit margin of the pharmaceutical sector in the first half of the year was the same as last year. The rate of increase decreased significantly. However, UBS Securities optimistically expects that in the relatively stable policy environment, with the ease of cost pressures, the situation in the pharmaceutical industry will improve in the second half of the year.
In the first half of this year, the gross profit margin of the entire pharmaceutical sector was approximately 28.4%, which was more than two percentage points lower than the same period of last year. After deducting non-recurring gains and losses, the growth rate of net profit fell from 32% in the first half of last year to 13%. The pharmaceutical industry’s revenue increased by 30%, total profit increased by 22%, and profit growth fell by 8 percentage points from the same period of last year.
In the opinion of Ji Xu, an analyst of UBS Securities' pharmaceutical industry, there should be no new drug price cut policy in the second half of the year. With the recent decline in the price of Chinese herbal medicines, the fall is a new season for the production of many Chinese herbal medicines, and the prices may continue to decline, to some extent ease the cost pressures of the entire Chinese medicine companies. Another important influencing factor is that the new medical insurance catalog will be fully implemented in the second half of the year, and many provinces have completed medical insurance supplementation or started a new round of bidding, and the impact will be fully reflected in the second half of the year. UBS Securities believes that the entire policy environment will be more stable in the second half of the year and the growth of the pharmaceutical sector will accelerate.
Although some companies with small market capitalization and unique advantages have already demonstrated their potential to maintain high growth rates, valuations will have room for improvement as performance grows. This is the most valuable investment category; For some conservative investors, it is possible to select "white horse stocks," which have demonstrated a variety of capabilities in the past few years that are capable of dealing with changes in the external environment.
Knob Lock
In terms of knobs, there are usually two types of entrances and exits for all types of buildings.One is the key door handle lock.This is a simple door handle that includes an internal lock, which is operated by inserting a key into the lock part.Turning the key can lock and unlock the door, effectively restricting those who have the key from entering the building.Keys are not allowed to be inserted. This type of door handle lock relies on a smaller handle located in the middle of the door handle.Turn this small handle to the left or right to lock or open the door.This type of knob is usually used in the master bedroom or bathroom of a private house. The electronic version of the knob lock has also been widely used.
A key doorknob lock. This is a simple doorknob that includes an internal lock that is operated by inserting a key into the lock component. Turning the key makes it possible to lock and unlock the door, effectively limited access to the building to those who have keys that fit the lock.This is the oldest and most common form of knob lock in the world today.
Knob Door Lock,Tubular Knob Lock ,Ball Knob Door Lock,Door Knob Handle Lock
ANDJA TRADING PET. LTD. , https://www.lock-cylinder.com