投資概要
愛爾眼科是中國乃至世界上規模領先的眼科醫療連鎖機構,在全球運營著超過330家眼 科醫療機構,2017年營業收入超過59億元,淨利潤7.9億元。公司利用资金实现横向擴 張及醫院網路纵深发展,不斷擴張經營版圖,通過股權激勵計畫提高員工積極性,大 力培養醫學人才,同時積極探索國際化及移動醫療領域。我們預計公司2018/19年營業 收入實現35%/30%增長,目標市盈率50倍,12個月目標價35.2元,“買入”評級。(現價 截至9月18日)
公司概況
愛爾眼科醫院集團成立於2003 年,2009 年在深圳交易所上市,代碼300015SZ。截至 2018 年,愛爾眼科已在中國大陸30 個省市區建立250 餘家專業眼科醫院,覆蓋全國 醫保人口超過70%,年門診量超過650 萬人。公司引進和吸收國際同步的眼科技術與 醫療管理理念,以專業化、規模化、科學化為發展戰略。公司打通眼科的醫、學、研 三大領域,與國內高等院校合作成立眼科學院,不斷提高愛爾眼科的科研及醫院臨床 水準。同時公司注重國際化發展,通過投資控股,在美國、歐洲和香港運營80 餘家眼 科醫院。
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Graduated from Hong Kong Polytechnic University, Master of Finance (Investment Management). Possess bachelor degree majoring in Financial Management from Southwestern University of Finance and Economics. Focus on industry prospect and corporate fundamentals to explore investment value and cover pharmaceutical and consumer industry.