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Chinese (SSE) Healthcare Sector Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies467
  • 7D1.1%
  • 3M-14.2%
  • 1Y-23.9%
  • YTD-11.7%

In the last week, the Healthcare industry is up 1.1%, with Shenzhen Mindray Bio-Medical Electronics leading the way with a 1.3% gain. In the same time, Beijing Tiantan Biological Products was down 6.6%. In the past year, the industry is down 24%. As for the next few years, earnings are expected to grow by 24% per annum.

Sector Valuation and Performance

Has the Chinese Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024CN¥5.7tCN¥2.3tCN¥179.8b28.4x31.8x2.5x
Fri, 19 Jan 2024CN¥6.0tCN¥2.3tCN¥176.9b31.5x33.9x2.6x
Sun, 17 Dec 2023CN¥6.5tCN¥2.3tCN¥177.1b34.8x36.7x2.8x
Tue, 14 Nov 2023CN¥6.6tCN¥2.3tCN¥177.2b35.2x37.4x2.9x
Thu, 12 Oct 2023CN¥6.5tCN¥2.3tCN¥185.2b32.9x35x2.8x
Sat, 09 Sep 2023CN¥6.1tCN¥2.3tCN¥186.5b31.2x32.4x2.6x
Mon, 07 Aug 2023CN¥6.5tCN¥2.3tCN¥193.1b32.5x33.5x2.8x
Wed, 05 Jul 2023CN¥6.6tCN¥2.3tCN¥191.9b34.2x34.6x2.9x
Fri, 02 Jun 2023CN¥6.9tCN¥2.3tCN¥191.4b35.7x35.9x3x
Sun, 30 Apr 2023CN¥7.1tCN¥2.3tCN¥209.1b37x33.8x3.1x
Tue, 28 Mar 2023CN¥7.0tCN¥2.2tCN¥234.9b36.4x29.9x3.1x
Thu, 23 Feb 2023CN¥7.4tCN¥2.2tCN¥233.2b39x31.5x3.3x
Sat, 21 Jan 2023CN¥7.4tCN¥2.2tCN¥233.4b37.8x31.9x3.4x
Mon, 19 Dec 2022CN¥7.1tCN¥2.2tCN¥231.9b38.2x30.5x3.2x
Wed, 16 Nov 2022CN¥7.2tCN¥2.2tCN¥231.7b39.3x30.9x3.3x
Fri, 14 Oct 2022CN¥6.2tCN¥2.1tCN¥227.5b32.2x27.2x2.9x
Sun, 11 Sep 2022CN¥6.5tCN¥2.1tCN¥222.2b33.3x29.3x3.1x
Tue, 09 Aug 2022CN¥6.6tCN¥2.1tCN¥227.7b33.3x29x3.2x
Thu, 07 Jul 2022CN¥7.1tCN¥2.1tCN¥224.5b34.7x31.5x3.4x
Sat, 04 Jun 2022CN¥6.2tCN¥2.0tCN¥226.1b32.7x27.5x3x
Mon, 02 May 2022CN¥6.1tCN¥2.0tCN¥207.4b30.1x29.6x3x
Wed, 30 Mar 2022CN¥7.0tCN¥2.0tCN¥214.2b36.1x32.6x3.5x
Fri, 25 Feb 2022CN¥6.8tCN¥1.9tCN¥208.6b35.2x32.7x3.5x
Sun, 23 Jan 2022CN¥7.2tCN¥1.9tCN¥205.7b38.2x35.2x3.7x
Tue, 21 Dec 2021CN¥7.5tCN¥1.9tCN¥204.5b38.3x36.9x3.9x
Thu, 18 Nov 2021CN¥7.8tCN¥1.9tCN¥203.5b37.3x38.3x4.1x
Sat, 16 Oct 2021CN¥7.6tCN¥1.9tCN¥204.0b36x37.3x4x
Mon, 13 Sep 2021CN¥7.5tCN¥1.9tCN¥202.2b36.6x36.9x4x
Wed, 11 Aug 2021CN¥8.1tCN¥1.9tCN¥199.3b40x40.8x4.3x
Sun, 06 Jun 2021CN¥8.9tCN¥1.8tCN¥190.1b41x46.6x4.9x
Wed, 10 Mar 2021CN¥7.7tCN¥1.7tCN¥157.3b38.9x48.8x4.6x
Price to Earnings Ratio

48.8x


Total Market Cap: CN¥7.7tTotal Earnings: CN¥157.3bTotal Revenue: CN¥1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Healthcare Sector Price to Earnings3Y Average 34.7x202220232024
Current Industry PE
  • Investors are relatively neutral on the Chinese Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 34.7x.
  • The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 4.6% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Chinese Healthcare sector?

CN Market1.80%
Healthcare1.11%
Healthtech3.96%
Pharma1.89%
Healthcare Services1.17%
Biotech1.07%
Medical Equipment0.049%
Life Sciences-0.89%
Industry PE
  • Investors are most optimistic about the Healthtech industry, which is trading close to its 3-year average PE ratio of 305x.
    • Analysts are expecting annual earnings growth of 63.0%, which is higher than its past year's earnings decline of 6.1% per year.
  • Investors are most pessimistic about the Life Sciences industry, which is trading below its 3-year average of 45.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 6.1% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
300760 Shenzhen Mindray Bio-Medical ElectronicsCN¥301.351.3%
+CN¥4.8b
-5.1%PE32.1x
300122 Chongqing Zhifei Biological ProductsCN¥53.403.9%
+CN¥4.8b
-12.7%PE15.1x
300015 Aier Eye Hospital GroupCN¥14.553.0%
+CN¥4.0b
-40.1%PE40.5x
963 Huadong MedicineCN¥33.154.6%
+CN¥2.6b
-31.8%PE21.4x
300255 Hebei Changshan Biochemical PharmaceuticalCN¥11.2129.0%
+CN¥2.3b
92.0%PS6.1x
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Latest News

600276

CN¥42.22

Jiangsu Hengrui Medicine

7D

0.8%

1Y

-4.3%

600161

CN¥27.56

Beijing Tiantan Biological Products

7D

-6.6%

1Y

19.7%

688617

CN¥426.96

APT Medical

7D

-5.3%

1Y

22.7%

300888

CN¥35.03

Winner Medical

7D

-7.1%

1Y

-31.8%

300122

CN¥53.40

Chongqing Zhifei Biological Products

7D

3.9%

1Y

-12.7%

2294

CN¥28.98

Shenzhen Salubris Pharmaceuticals

7D

-6.3%

1Y

-19.8%

688301

CN¥250.00

iRay Technology

7D

-6.0%

1Y

-14.6%

603259

CN¥53.74

WuXi AppTec

7D

1.2%

1Y

-35.9%

300765

CN¥29.92

CSPC Innovation Pharmaceutical

7D

5.7%

1Y

203.1%

603392

CN¥61.23

Beijing Wantai Biological Pharmacy Enterprise

7D

-2.4%

1Y

-33.3%

300760

CN¥301.35

Shenzhen Mindray Bio-Medical Electronics

7D

1.3%

1Y

-5.1%

688271

CN¥142.55

Shanghai United Imaging Healthcare

7D

-1.5%

1Y

-16.5%

963

CN¥33.15

Huadong Medicine

7D

4.6%

1Y

-31.8%

300255

CN¥11.21

Hebei Changshan Biochemical Pharmaceutical

7D

29.0%

1Y

92.0%

300015

CN¥14.55

Aier Eye Hospital Group

7D

3.0%

1Y

-40.1%

688506

CN¥113.56

Sichuan Biokin PharmaceuticalLtd

7D

-3.1%

1Y

57.5%