《生物医药行业1月跟踪报告：利好因素积聚行情强势崛起0110.ppt》由会员分享，可在线阅读，更多相关《生物医药行业1月跟踪报告：利好因素积聚行情强势崛起0110.ppt（16页珍藏版）》请在三一办公上搜索。
1、2011-12-30,2012-01-12,2012-01-30,2012-02-08,2012-02-17,2012-02-28,2012-03-08,2012-03-19,2012-03-28,2012-04-11,2012-04-20,2012-05-03,2012-05-14,2012-05-23,2012-06-01,2012-06-12,2012-06-21,2012-07-03,2012-07-12,2012-07-23,2012-08-01,2012-08-10,2012-08-21,2012-08-30,2012-09-10,2012-09-19,2012-09-28,201
2、2-10-16,2012-10-25,2012-11-05,2012-11-14,2012-11-23,2012-12-04,2012-12-13,2012-12-24,(,),2013,1,2013,1,10,1210.33%,A,10.36%29,4.24,14.6%8,2012,7.16%,11,2012,2011,PE 26,1292012,123%IMS,021-S1010510120046,2013,19%,2013,2012,5,1,010-S1010512090002,010-60836744,93,%,2015,000300.SH,300,CI005018.WI,1,2,3,
3、105,0-5-10-15,2013,P/E,21,1,2012,11,.2012-10-08,54.59,111.18,EPS12E1.50,13E1.97,14E2.47,1146,PE12E36,13E28,14E22,PEG1.28,2,.2012-10-11,37.18,0.88,1.14,1.45,1.84,42,33,26,20,1.21,3,2012,10,24.42,0.61,0.83,0.96,1.14,40,29,25,21,1.71,30.54,0.78,1.11,1.40,1.76,39,28,22,17,1.06,.2012-10-08,61.6021.09,1.0
4、00.44,1.500.59,2.010.85,2.671.13,6148,4136,3125,2319,1.230.93,4.,2012,9,23.6660.59,0.640.83,0.951.66,1.272.26,1.612.95,3773,2537,1927,1521,0.831.10,.2012-09-03,36.4039.40,0.491.37,0.941.25,1.401.60,1.722.02,7429,3932,2625,2120,1.091.16,5,2012,2013,1,9,.2012-08-20,11,11,2013,1 12,2,7,10,11,12,2013,1,
5、.1.1.1.3.4.519%.5.6.6.7.8.8.9.9.10.11.11.12,(600079)3 2012,.12.2.2.2,4,2011,10,2012,11,.3,5,2011,10,2012,11,.3,6,2011,10,2012,11,.4,.5,89,20112011,20122012,.5.6,.7.8.9,4,5,2013,1,123 2013,2013,12012,.1.2.6,.8.9,2013,1,12,A,14.6%,10.36%,4.24,2012,10.33%,29,8,7.16%,2012,PE 26,12,121%,30%1,1,2013,1,201
6、2,111,15221.9,19.50%,17%,6/7/8/9/10,12.5%/15.1%/16.5%/21.4%/15%,2012,111,1490,17.52%11,168,20%,7/8/9/10,16.9%/15.6%/9.1%/14.3%,10,5.7pcts,9,11,68,2011,12,12,1,11,2013,20121,26,A,121%,11,12,A,14.6%,10.36%,4.24,2012,10.33%,29,8,7.16%1,2012/1/14,2012/2/14,2012/3/14,2012/4/14,2012/5/14,2012/6/14,2012/7/
7、14,2012/8/14,2011/12/14,2012/9/14,2012/10/14,2012/11/14,2012/12/14,0,5,0,2013,1,1,12,%,2,%,6.49,10,21.621.620.819.919.418.217.917.117.016.716.516.516.516.216.215.314.614.413.713.313.212.912.712.512.511.810.3615 20,23.825,29.630,35,(0.4)(1.2)(1.2)(1.5)(2.7)(2.9)(3.0)(3.4)(4.3)(4.7)(7.5)(7.8)(10.0)(12
8、.6)(16.3)(17.3)-20-10,3.93.22.6,13.312.810.39.67.67.310,21.919.016.720,30,31.6,35.040,wind3 2012,wind,%,15%10%5%0%-5%-10%-15%-20%Wind,(,),2,2012,%,123456789101112,3.125.82-6.825.90-0.95-6.19-4.59-2.671.890.88-4.2914.603.17,-5.42-8.5410.084.26-6.720.103.78-2.126.337.294.9511.14-3.600.991.334.001.71-0
9、.173.402.53-10.76-6.4710.36-4.2410.33,-6.04-9.1711.836.00-7.56-0.732.69-3.214.095.041.667.85-11.05-6.460.463.130.37-1.520.59-0.29-10.47-6.1812.37-2.23-6.47,-6.03-9.158.903.08-6.97-0.143.45-2.4511.9412.894.1410.33-2.122.471.714.382.520.635.704.83-11.19-6.9011.16-3.4418.73,-6.00-9.139.493.67-6.510.323
10、.05-2.857.338.289.5315.72-1.982.600.092.753.031.143.602.73-10.95-6.667.33-7.2712.28,-2.97-6.0911.615.78-6.170.655.06-0.842.543.49-0.515.68-6.73-2.141.394.06-0.66-2.543.092.22-11.37-7.0814.07-0.524.25,-2.78-5.909.613.79-5.890.946.880.972.273.232.899.07-0.893.705.578.241.74-0.15-2.49-3.36-9.24-4.959.6
11、9-4.9111.54,-9.06-12.1811.625.80-6.520.303.20-2.702.053.00-0.086.11-1.802.794.477.14-4.46-6.354.133.25-13.74-9.4516.421.830.89,-7.85-10.9711.866.03-12.77-5.955.23-0.67-2.80-1.851.888.07-0.713.875.708.370.33-1.563.832.95-2.441.8514.45-0.1411.95,2,19%,25.1%,22.3%,2013,1,7.16,-9.64,15.56,9.11,1.08,8.38
12、,-2.28,8.78,11,Wind,2012-12-31,2012 111,15221.9,19.50%,17%,10,15%,6/7/8/9/10,12.5%/15.1%/16.5%/21.4%/15%2013,4,2011,10,2012,11,35%30%25%20%15%10%,31.2%,26.6%,25.1%,21.4%14.5%15.4%15.1%16.5%15%12.5%,17%,5%0%Wind,2012,111,1490,17.52%1116.9%/15.6%/9.1%/14.3%,10,168,5.7pcts,20%,9,7/8/9/10,5,2011,10,2012
13、,11,60%,50%40%30%,31.5%,48.3%,20%10%0%,5.3%,13.1%,19.5%17.7%21.2%18.6%,16.9%15.6%,9.1%,20%14.3%,Wind,2012,11,30%,29%,3,29.3%,28.7%,28.3%,27.0%,2013,1,6,2011,10,2012,11,33.0%,32.0%31.0%,32.0%,30.0%,30.3%,30%,29.0%28.0%,29.0%29.1%28.9%,29.5%28.0%,27.5%27.2%2011-09 2011-11 2011-12 2012-02 2012-04 2012-
14、05 2012-07 2012-08 2012-10 2012-12 2013-01Wind,2,1,20%SFDA,15%,20131,20132015,20,40020%,700,3,500,3,1000,500,500,2,1000,12,1718,1000,20,4,1,2013,1,2013,2011-12,19%,2012,11,19.5%2,IMS,2012,17.1%2013,24.2%21.1%21.9%19%,4IMS PDB2011,21.1%2012,+,2011+,7,Wind,IMS PDB,2011,12,2012,12,840%35%30%25%20%15%10
15、%5%,2011,2012,2011,2012,0%,2,3,4,5,6,7,8,9,10,11,12,Wind5,2013,1,960%50%40%30%20%10%,2011,2012,2011,2012,0%,2,3,4,5,6,7,8,9,10,11,12,Wind20131,3,2013,/,1 8,2013,307,2013,700,:,2013 12,31,GMP,Mansfield,1981,90%,20%6,2013,1,10,123,1985,10,20,101985,93,1993,1993,1993,7,IND,NDA,5,2013,141985,1020,1993,1
16、993,19921993,2001,80,1992,12,31,2001,12,31,202005Wikipedia,200,1790,6.1,IND,6.3,NDA,1.8,14,20,6,11FDA,I,II,III,10,0005,2501.5,20 100,5Compounds100 5006,1,000 5,000,2,1,FDA,2,1984,Hatch-Waxman,Hatch-Waxman1419928,20070105,20070202,20070309,20070406,20070430,20070601,20070629,20070727,20070824,2007092
17、1,20071026,20071123,20071221,20080118,20080215,20080314,20080411,20080509,20080606,20080704,20080801,20080829,20080926,20081031,20081128,20081226,20090123,20090227,20090327,20090424,20090522,20090619,20090717,20090814,20090911,20091009,20091106,20091204,20091231,20100129,20100305,20100402,20100430,2
18、0100528,20100625,20100723,20100820,20100917,20101015,20101112,20101210,20110107,20110201,20110304,20110401,20110429,20110527,20110624,20110722,20110819,20110916,20111021,20111118,20111216,20120113,20120217,20120316,20120413,20120511,20120608,20120706,20120803,20120831,20120928,20121102,20121130,2012
19、/12/28,2013,1,A,2012,148%,PE 26,12,123%TTM,31,38,12,2013,30,PE,TTM,A,PE,TTM,80706050403020100,Wind,180%160%140%120%100%80%60%40%20%0%20%,TTM 31,33,22%,33,29%,44%,37,11%,23,30%,65%5,PE,TTM,PE,2011,2012PE,A300,A300,13113124313337233363148%198%,13113123313828233572137%184%,12102619262834192837123%155%,
20、23213838334341414617878%105%,5352731146470908071738161%217%,1191910172320192054-5%-5%,-46%-50%-17%-36%-5%-22%-11%-44%-29%-65%,16%15%67%157%80%44%85%22%61%15%,Wind2013,P/E,21,2013,1,9,2007,9,PEG,2013,1,6,zzz,EPS2011 2012E 2013E 2014E,PE2011 2012E 2013E 2014E,000538.SZ000423.SZ600085.SH600436.SH600535
21、.SH002603.SZ000999.SZ600557.SH300039.SZ600594.Sh600750.SH000650.SZ300026.SZ600422.SH600252.SH600479.SH600276.SH000963.SZ600079.SH002653.SZ600062.SH300006.SZ300199.SZ002422.SZ000915.SZ600521.SH600216.SH000661.SZ300009.SZ002038.SZ002252.SZ002007.SZ002022.SZ600161.SH300122.SZ300298.SZ002223.SZ,46328124
22、214528213524288627565599163106363661611201221313330287296711080231507513154711475479,66.6242.9518.55103.3754.5924.4524.6921.0923.6620.8120.845.9336.4020.069.7411.9729.6237.1824.4230.5423.0018.2514.9559.8016.2812.2521.1660.5912.1739.4015.4122.6710.9313.8236.8561.6014.95,1.741.310.341.821.180.820.780.
23、440.640.740.730.300.490.410.340.270.710.880.610.780.930.400.402.010.520.401.950.830.341.370.410.640.460.450.491.000.43,2.251.510.422.251.500.500.980.590.950.890.980.370.940.580.450.400.881.140.831.111.060.500.552.370.660.502.101.660.421.250.430.650.550.510.711.500.52,2.861.810.532.761.970.831.200.85
24、1.271.171.280.451.400.790.560.491.091.450.961.401.270.640.703.050.830.682.402.260.521.600.500.810.660.601.022.010.70,3.582.170.653.652.471.111.451.131.611.461.560.621.721.000.660.601.331.841.141.761.570.840.873.890.990.852.692.950.652.020.561.050.810.701.322.670.90,3833555746303248372828207448284442
25、4240392546373031311173362938352431756135,30284446364925362523211639352230343329282237272525251037293236352027524129,2324353728292125191816132625172427262522182921202018927232531281723363121,1920292822221719151413102120152022202117152217151614821192028221320282317,1.11.41.81.71.31.01.20.90.80.80.80.5
26、1.11.11.01.31.51.21.71.11.01.21.10.91.10.80.81.11.21.22.51.30.91.61.41.20.9,10,PEG,2013,1,EPS2011 2012E 2013E 2014E,PE2011 2012E 2013E 2014E,300015.SZ601607.SH000028.SZ600511.SH,723079777134,16.8411.4033.8216.0928,0.400.761.150.570.75,0.450.801.430.680.93,0.580.891.710.821.19,0.801.022.040.98,421530
27、2838,3714242430,2913202023,2111171618,1.11.11.21.21.2,5%,Wind,2013-1-9601%8%10%,25%,10%,/,109,103,/,/,/,11,2013,1,2011,40,18.25%,2012,6,2011,4015,20112,20%,7,10%,6000793-5420132012-2014,EPS,0.83/0.96/1.14,27.25,12,-,“,”,Analyst CertificationiiiThe analysts primarily responsible for the preparation o
28、f all or part of the research report contained herein hereby certify that:(i)the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities and issuers;and(ii)no part of the analysts compensation was,is,or will be directly or indir
29、ectly,related to the specific recommendations or views expressed in thisresearch report.“”,/,(,),(1),(2)/20131,300,20%,6,300,5%,20%,2,6300,6300,300300300300300,-10%5%10%10%-10%10%10%,48,1568,8,1,100125,22,200122,518048,26,Foreign Broker-Dealer Disclosures for Distributing to the U.S.This report has
30、been produced in its entirety by CITIC Securities Limited Company(“CITIC Securities”,regulated by the China Securities RegulatoryCommission.Securities Business License Number:Z20374000).This report is being distributed in the United States by CITIC Securities pursuant to Rule15a-6(a)(2)under the U.S.Securities Exchange Act of 1934 exclusively to“major U.S.institutional investors”as defined in Rule 15a-6 and the SEC no-action,letters thereunder.,Z20374000,1934“,”,15a-6(a)(2),15a-6,
