Investment summary:
Talk every Monday: Shuiguang needle is included in the management of class III medical devices
Event: the classified catalogue of medical devices was adjusted, and the Shuiguang needle was included in the management of class III medical devices. Recently, the State Drug Administration issued an announcement on adjusting some contents of the classified catalogue of medical devices, in which the main adjustments related to the medical and beauty industry are as follows: (1) it is clear to include RF therapeutic apparatus and RF skin therapeutic apparatus into the management of class III medical devices; (2) Bring the class I products commonly known as “Shuiguang needle” into the management of class III medical devices, and clarify the product composition and purpose; (3) The newly added facial implant line, facial lifting line and facial cone lifting line are managed as class III medical devices. The stricter supervision of the medical and beauty industry is conducive to the healthy and standardized development of the industry.
The compliance rate of Shuiguang needle in the market is low. According to the report of China Central Television News in May 2021, in 2020, two of every three water light needles are unqualified. Their sales places include beauty salons and other places without medical beauty business qualification. There are great hidden dangers in the transportation, operating environment and injection methods of products. The inclusion of Shuiguang needle in the management of class III medical devices will effectively improve the non-compliance in the current market.
Some listed companies in China have laid out the Shuiguang needle market Bloomage Biotechnology Corporation Limited(688363) Runzhi Aqua product is one of the few category III medical device water light products that have been listed. At present, the process development of the upgrading project for this product has been completed, and the relevant registration work will be started as soon as possible Shanghai Haohai Biological Technology Co.Ltd(688366) ‘s research projects include linear precision crosslinked aqueous injection: extending the clinical maintenance time by precise crosslinking technology, while making the biopolysaccharide gel arranged in a linear arrangement and having a micro orientation structure similar to collagen fibers, which is conducive to cell migration and proliferation. Enhanced water light injection – improve the clinical effect and maintenance time of water light products by strengthening the hydrogen bond structure in absorbable biological polysaccharide materials.
Chinese medical and American listed enterprises have arranged injection products one after another Imeik Technology Development Co.Ltd(300896) , Bloomage Biotechnology Corporation Limited(688363) , Shanghai Haohai Biological Technology Co.Ltd(688366) , Shanghai Haohai Biological Technology Co.Ltd(688366) and other related injection products are introduced to fill the nasolabial groove and other parts and improve wrinkles and other depressions.
The performance of listed companies related to the medical and beauty industry is good. In the first three quarters of 2021, Imeik Technology Development Co.Ltd(300896) company realized an operating revenue of 1.023 billion yuan, a year-on-year increase of 120.46%; The net profit was 708 million yuan, a year-on-year increase of 147.98% Bloomage Biotechnology Corporation Limited(688363) 2021: in the first three quarters, the operating revenue reached 3.012 billion yuan, an increase of 89.03% year-on-year; The net profit was about 554 million yuan, a year-on-year increase of 26.72%.
The stricter supervision of the medical and beauty industry is beneficial to the head enterprises. At present, there are all kinds of chaos in the medical beauty market. The continuous improvement of supervision is conducive to creating a safe and orderly market environment for the medical beauty industry, guiding the healthy development of the industry, clearing out non-conforming products and increasing the market share of compliant leading enterprises. It is recommended to pay attention to leading listed enterprises: Imeik Technology Development Co.Ltd(300896) , Bloomage Biotechnology Corporation Limited(688363) . Market review (April 6-april 8):
Among the Shenwan level industries, the light industry manufacturing industry fell by 1.36% this week, ranking 14th among Shenwan’s 31 level-1 industries, underperforming the market. Among the sub sectors, the household products sector performed better, down 0.10%, and the entertainment products sector performed poorly, down 3.63%; The textile and garment industry fell 1.11% this week, ranking 13th among Shenwan’s 31 first-class industries, outperforming the market. Among the sub sectors, the jewelry sector rose 1.45%, the textile manufacturing sector fell 1.55%, and the clothing and home textile sector fell 1.62%.
Industry data tracking:
Furniture: the price of TDI this week is lower than that of last week, and the price of MDI is lower than that of last week.
Papermaking: according to Zhuo Chuang information, in terms of pulp, on April 8, the market price of coniferous pulp was 700571 yuan / ton, up 0.29% from last Friday; The market price of broad-leaved pulp was 604432 yuan / ton, down 0.64% from last Friday; The market price of natural color pulp is 650000 yuan / ton, up 1.04% from last Friday; The market price of chemical mechanical pulp was 543333 yuan / ton, up 0.31% from last Friday. In terms of packaging paper, on April 8, the market price of corrugated paper was 380625 yuan / ton, up 0.50% from last Friday; The market price of white cardboard was 638500 yuan / ton, unchanged from last Friday. In terms of cultural printing paper, on April 8, the market price of double offset paper was 623750 yuan / ton, up 0.20% from last Friday; In terms of household paper, the market price on April 8 was 703333 yuan / ton, down 0.47% from last Friday.
Textile and clothing: on April 8, the price of cotton was 2271462 yuan / ton, down 0.52% from last week; The price of yarn has fallen, and the price of polyester has fallen.
Investment strategy:
Recently, the policy margin of the real estate industry has been relaxed. We believe that we can pay attention to the home sector in the near future. It is suggested to pay attention to [ Oppein Home Group Inc(603833) ], [ Suofeiya Home Collection Co.Ltd(002572) ]; It is suggested to pay attention to [ Jason Furniture (Hangzhou) Co.Ltd(603816) ], [ Xlinmen Furniture Co.Ltd(603008) ].
Risk tips: raw material price fluctuation risk and exchange rate fluctuation risk.
