CICC reviews the medical semi-annual report: the cotton era to speed up growth value revaluation can be expected.
2021-11-12
From the company as a whole, the company's medical supplies sector by last year's high base interference, apparent revenue decreased year-on-year,
From the company as a whole, the company's medical supplies sector by last year's high base interference, apparent revenue decreased year-on-year, but the regular medical supplies business through years of deep cultivation, business performance accelerated, high-end wound dressings, operating room supplies business revenue increased by 73.3 percent, 75.4 percent, the growth momentum is better. The company also stepped up its innovation efforts. In the first half of the year, the company focused on the application of all-cotton spunlace non-woven fabric materials in operating room consumables such as surgical gowns, isolation gowns, surgical towels and hole towels. Compared with chemical fiber non-woven disposable operating room consumables, all-cotton disposable operating room consumables have strong comfort and degradability while achieving infection control effect. It can be seen that this product will greatly enhance the market competitiveness of disposable operating room consumables and cloth products.
The company's core brand of healthy consumer goods, the all-cotton era, continued to consolidate brand building, focusing on three major scenarios, practicing the explosive strategy, and achieved operating income of 2.06 billion yuan during the reporting period; in the same period last year, the base was not significantly low, an increase of 11.1 year-on-year, an increase of 55.5 over the same period in 2019. High-quality growth is also reflected in profitability. In the first half of the year, the all-cotton era achieved a gross profit rate of 58.2 and an operating profit of 0.27 billion billion yuan, an increase of 28.7 over the same period last year.
It should be noted that the recovery of offline stores in the all-cotton era has also entered a healthy growth track. During the reporting period, offline stores realized operating income of 0.65 billion yuan, up 18% year-on-year, and operating indicators such as store efficiency and store efficiency have steadily improved. At the same time, adult clothing and other textile consumer goods with a stronger sense of experience also achieved a certain breakthrough in sales scale. During the reporting period, the operating income was 0.4 billion yuan and 0.19 billion yuan respectively, with a year-on-year increase of 30.1 and 24.4. The gratifying achievements are due to the continuous efforts of the all-cotton era in products, channels, marketing and other aspects. In terms of products, the all-cotton era builds a differentiated product matrix around "one cotton, one fiber", and continues to enrich product categories and improve product competitiveness through R & D and innovation. Steady Medical said at the semi-annual performance forecast presentation meeting in mid-July that the company's new products launched this year, especially new products in spring and summer, have a sales rate that has reached the highest level in history. The sales rate has increased by nearly 20% compared with last year. Increased by 13%-15%.
CICC issued a research report is expected to lead the valuation pivot upward repair with the rapid growth of non-epidemic prevention medical business, the acceleration and improvement of the all-cotton era, and the reduction of epidemic prevention-related product disturbances.
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