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<Research>G Sachs: CN Healthcare Sector to Be More Normalized This Yr w/ No V-shape Recovery in Sight
2025 will be a more normalized year for China's healthcare industry, with pharma firms expected to gradually adapt to the new norm, Goldman Sachs released a research report say...
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<Research>G Sachs: CN Healthcare Sector to Be More Normalized This Yr w/ No V-shape Recovery in Sight
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2025 will be a more normalized year for China's healthcare industry, with pharma firms expected to gradually adapt to the new norm, Goldman Sachs released a research report saying.

However, the industry is not yet expected to quickly recover from the impact of policies like recent anti-corruption, national healthcare insurance disease diagnosis related group (DRG) reform and achieve a V-shape recovery.

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In addition, Goldman Sachs believed that the application of AI is too early to have a significant impact on the industry in the short term, although generative AI has become a buzzword in the pharma industry.

Goldman Sachs lowered its target price for covered Chinese healthcare companies by -8% to +13%, based on recent industry development trends, including more policy support for innovative drugs, the impact of volume-based procurement on biosimilars and the demand and price trend of APIs, etc..

Currently, Goldman Sachs rated HANSOH PHARMA (03692.HK)  -0.050 (-0.180%)    Short selling $180.96M; Ratio 35.646%   , SINO BIOPHARM (01177.HK)  +0.100 (+2.062%)    Short selling $145.25M; Ratio 19.652%   and CSPC PHARMA (01093.HK)  -0.080 (-1.051%)    Short selling $260.30M; Ratio 10.582%   at Buy, with ratings at Neutral on FOSUN PHARMA (02196.HK)  0.000 (0.000%)    Short selling $6.02M; Ratio 5.406%   , LIVZON PHARMA (01513.HK)  -0.400 (-1.361%)    Short selling $2.64M; Ratio 4.492%   , 3SBIO (01530.HK)  -0.150 (-0.719%)    Short selling $104.83M; Ratio 10.766%   , UNITED LAB (03933.HK)  -0.180 (-1.155%)    Short selling $15.07M; Ratio 11.637%   , SINOPHARM (01099.HK)  +0.140 (+0.766%)    Short selling $77.75M; Ratio 47.001%   and CHINARES PHARMA (03320.HK)  +0.020 (+0.393%)    Short selling $9.71M; Ratio 18.591%   . The broker also rated HEPALINK (09989.HK)  -0.060 (-1.149%)   and SH PHARMA (02607.HK)  +0.080 (+0.703%)    Short selling $9.19M; Ratio 16.881%   at Sell.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)

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