大行评级｜里昂：中国医疗健康行业流动性及基本面持续改善，偏好领先大型药厂

格隆汇2025-08-05

里昂发表研究报告指，中国医疗健康行业流动性及基本面持续改善，维持对医疗健康板块正面看法。该行指出，行业基本面持续复苏，7月院内处方量按月提升，随着更多创新药放量，第三季行业盈利有望实现显著增长，加上美债不确定性可能促使资金重新配置，进一步改善创新药资产流动性，相信行业拐点已过，未来将迎来盈喜等正面催化剂。该行偏好领先大型药厂，短期而言避开过度依赖生物仿制药的公司。该行选股包括石药集团、新诺威、...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2557835699?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-08-05 10:29","share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","id":"2557835699","market":"hk","top_or_hot":-1,"title":"大行评级｜里昂：中国医疗健康行业流动性及基本面持续改善，偏好领先大型药厂","media":"格隆汇","content":"<div>\n<p>里昂发表研究报告指，中国医疗健康行业流动性及基本面持续改善，维持对医疗健康板块正面看法。该行指出，行业基本面持续复苏，7月院内处方量按月提升，随着更多创新药放量，第三季行业盈利有望实现显著增长，加上美债不确定性可能促使资金重新配置，进一步改善创新药资产流动性，相信行业拐点已过，未来将迎来盈喜等正面催化剂。\n该行偏好领先大型药厂，短期而言避开过度依赖生物仿制药的公司。该行选股包括石药集团、新诺威、...</p>\n\n<a href=\"https://www.gelonghui.com/rss/live/live.xml\">网页链接</a>\n\n</div>\n","source":"live_gelonghui","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>大行评级｜里昂：中国医疗健康行业流动性及基本面持续改善，偏好领先大型药厂</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n大行评级｜里昂：中国医疗健康行业流动性及基本面持续改善，偏好领先大型药厂\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-05 10:29 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.gelonghui.com/rss/live/live.xml><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>里昂发表研究报告指，中国医疗健康行业流动性及基本面持续改善，维持对医疗健康板块正面看法。该行指出，行业基本面持续复苏，7月院内处方量按月提升，随着更多创新药放量，第三季行业盈利有望实现显著增长，加上美债不确定性可能促使资金重新配置，进一步改善创新药资产流动性，相信行业拐点已过，未来将迎来盈喜等正面催化剂。\n该行偏好领先大型药厂，短期而言避开过度依赖生物仿制药的公司。该行选股包括石药集团、新诺威、...</p>\n\n<a href=\"https://www.gelonghui.com/rss/live/live.xml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHY","symbol_name":"债券指数ETF-iShares Barclays 1-3年国债","start_time":0,"source_url":"https://www.gelonghui.com/rss/live/live.xml","article_id":"2557835699","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557835699","pubTimestamp":1754360961,"columns":[],"sourceInfo":{"source_id":"live_gelonghui","name":"格隆汇"},"weMediaInfo":null,"summary":"里昂发表研究报告指，中国医疗健康行业流动性及基本面持续改善，维持对医疗健康板块正面看法。该行指出，行业基本面持续复苏，7月院内处方量按月提升，随着更多创新药放量，第三季行业盈利有望实现显著增长，加上美","collect":0,"end_time":0,"defaultTopTitle":"gelonghui.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159760":"医疗健康","159992":"创新药","300015":"爱尔眼科","300347":"泰格医药","300765":"新诺威","600276":"恒瑞医药","603233":"大参林","603259":"药明康德","SHY":"债券指数ETF-iShares Barclays 1-3年国债","BND":"债券指数ETF-Vanguard美国","000963":"华东医药","09926":"康方生物","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","UTWY":"US Treasury 20 Year Bond ETF","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","01093":"石药集团","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","01477":"欧康维视生物-B","USVN":"US TREASURY 7 YEAR NOTE ETF","00867":"康哲药业","03692":"翰森制药","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","03347":"泰格医药","GOVT":"iShares安硕核心美国国债ETF","02359":"药明康德","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","UFIV":"US Treasury 5 Year Note ETF","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","TLT":"20+年以上美国国债ETF-iShares","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU1997244956.HKD":"ALLIANZ CHINA A-SHARES \"AT\" (HKD) ACC A","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","01099":"国药控股","IEI":"iShares Barclays 3-7 Year Trea","BK0200":"360概念","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","UTHY":"US Treasury 30 Year Bond ETF","01276":"恒瑞医药","06978":"永泰生物-B","IEF":"债券指数ETF-iShares Barclays 7-10年","UTRE":"US Treasury 3 Year Note ETF","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC"},"translate_title":"Big Bank Ratings | Lyon: The liquidity and fundamentals of China's medical and health industry continue to improve, and it prefers leading large pharmaceutical companies","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159760":1,"159992":1,"300015":1,"300347":1,"300765":1,"600276":1,"603233":1,"603259":1,"GOVT":0.6,"IEI":0.6,"000963":1,"UBmain":1,"UTWY":1,"06978":1,"USVN":1,"01477":1,"BND":1,"IEF":0.6,"TLT":0.6,"00867":1,"UTHY":1,"02359":1,"ZNmain":1,"UFIV":1,"UTRE":1,"TNmain":1,"01276":1,"01093":1,"09926":1,"03347":1,"03692":1,"SHY":0.6,"01099":1,"ZBmain":1,"ZFmain":1,"ZTmain":1},"content_text":"里昂发表研究报告指，中国医疗健康行业流动性及基本面持续改善，维持对医疗健康板块正面看法。该行指出，行业基本面持续复苏，7月院内处方量按月提升，随着更多创新药放量，第三季行业盈利有望实现显著增长，加上美债不确定性可能促使资金重新配置，进一步改善创新药资产流动性，相信行业拐点已过，未来将迎来盈喜等正面催化剂。\n该行偏好领先大型药厂，短期而言避开过度依赖生物仿制药的公司。该行选股包括石药集团、新诺威、翰森制药、爱尔眼科、恒瑞医药、康方生物、中生制药、国药控股、康哲药业、大参林、华东医药、泰格医药及药明康德。","kind":"live","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2557835699","isCrawlerRequest":true}