One, the upstream raw materials
1, Huaxi Biological world's largest hyaluronic acid raw materials, hyaluronic acid raw materials in 2020 to contribute 26% of gross profit.
2, Lushang development of pharmaceutical grade hyaluronic acid is applying for registration, 2020 cosmetic food grade hyaluronic acid to achieve net profit of 24.61 million yuan, accounting for 4% of the year's net. The last 90 days *** there are 1 institutions to give ratings, the comprehensive investment rating is buy.
Second, midstream: hyaluronic acid injections, botulinum toxin as a representative product of various manufacturers
1 , love beauty to hyaluronic acid products as the main focus of the 2020 medical products contribute to gross profit of more than 99%.
2, Hao Hai Biotechnology to hyaluronic acid products mainly, 2020 medical products contribute 21% of gross profit.
3, Huadong medicine medical aesthetic product categories, 2021 medical aesthetic products are expected to contribute 6 ~ 8% net profit.
4, Bethanie subsidiary Kunming Winona is mainly engaged in medical beauty services, including laser, micro-needle and other beauty services.
5, Jingfeng Pharmaceuticals is building pharmaceutical hyaluronic acid series products.
6, Changshan Pharmaceuticals subsidiary Hebei Changshan Kelownite Biotechnology Co., Ltd. is mainly engaged in hyaluronic acid and its series of products research and development, production and sales. Institutional attention is low.
7, Xinhua Jin subsidiary Qingdao Li Baijian involved in the field of plastic surgery.
8, Guanhao biological products breast patch can be used in cosmetic surgery, breast augmentation surgery assistance.
9, Double Heron Pharmaceuticals 34% stake in the background of the Montblanc Run biological main products for the Shu Yan hyaluronic acid.
Three, downstream: the operation of hospitals, clinics and other medical aesthetic institutions business companies
1, Longzi shares in 2020, medical aesthetic business can contribute to about 28% of revenue, is expected to contribute to about 50% of the net profit.
2, Jinfa Rabi acquisition of medical beauty hospital Hanfei investment, 2021 net profit commitment of not less than 50 million yuan, considering 36% equity share, equivalent to 39% of the company's net profit in 2019. Hanfei Investment holds five medical beauty organizations with more than 1,000 employees .
3, Aoyuan beauty valley acquisition of medical beauty institutions in zhejiang liantianmei 55% stake, liantianmei two years of commitment to the cumulative net profit of not less than 157 million, the company's two years of net profit consensus is expected to be 123, 220 million yuan, cumulative net profit of about 45% of the company.
4, Suning Global in the next 2~3 years is expected to medical beauty net profit of 50 million +, the current four organizations have not been consolidated. The company's 2022 net profit of 1.5 billion yuan of net income consensus expectations, accounting for 3.3% .
5, light put the joint-stock company acquired by the military beauty hospital (51% stake) is the Chongqing Municipal Bureau of Health approved the first-class plastic surgery and cosmetic specialty hospital
6 , the company's official website of the tour of the sea medical company shows the tour of the sea outpatient clinic has advanced high-end medical beauty equipment.
7 , Yuexin Health wholly owned by Shanghai Yuexin Outpatient Comprehensive Department, approved by the Shanghai Municipal Health Commission, with the qualification to carry out first-class and second-class cosmetic surgery .
8 、Huabang Health's Mane Dermatology and Cosmetic Hospital has a chain of more than 30 organizations across the country.
9 、Aocean Health Holdings Zhangjiagang Wei-En Medical Beauty Hospital, 2018 subsidiary 12.75 million to acquire a 51% stake.
10 , Jinmin Pharmaceutical Company's Boao International Hospital Medical Beauty Center has opened in 2020.
11 、Jinling Pharmaceutical Company's Anqing Petrochemical Hospital business scope includes medical aesthetic department.
12, Yingkang Life's Sichuan Friendship Hospital has a specialty department of plastic surgery and aesthetics.
13, the Yangtze River Health Zhengzhou Oriental Women's Hospital contains medical aesthetic department, to carry out skin care related services.
14, innovative medical subsidiary Jiafeng Clinic to medical beauty and gynecology cervical department as the main departments.
15 、Pingtan development company fund-raising project Pingtan Strait Medical Park construction project, including beauty hospital.
16 、International medicine company's Xi'an international medicine high-tech hospital under the medical beauty department.