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. Related NewsBofAS Lifts SINO BIOPHARM's TP to HKD5.9, Reiterating Buy RatingIn 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.)Related NewsSPDB Int’l Lists Top 20 Stocks in Terms of Net Southbound Capital Inflow in Past Mth (Table)