Recently, the state has promulgated a series of policies related to grading diagnosis and treatment. The direct benefit of this is to do the stocks of listed companies in third-party clinical laboratories, such as Runda Medical (mainly integrating IVD distribution channels, and deploying third-party laboratory services). Dean Diagnostics, Daan Gene and other listed companies. At the same time, the third-party clinical laboratory listed companies involved in the capital market also have the Lanwei test and the Rocky test on the New Third Board. In addition, the largest third-party clinical laboratory group company in China, the Golden Field Test, also passed the securities supervision in February this year. Will IPO pre-disclosure.
With regard to the definition of third-party clinical laboratories, it can be simply understood that the human body samples collected at hospitals and other places are sent to the laboratory for inspection. The upstream of the industry is manufacturing equipment such as medical devices, diagnostic reagents, and consumables, and the downstream is the institutions that provide medical services for patients such as hospitals and medical examination centers. Therefore, it can be known that the significance of third-party laboratories is to reduce the cost of purchasing IVD equipment consumables by expanding the scale, and assisting them to achieve graded diagnosis and treatment, medical insurance control fees, and high-end projects that are less common in hospitals by serving downstream hospitals and other institutions. .
In addition, the laboratory can also use its own technology and market advantages to expand horizontally into service areas such as health checkup, forensic identification, food and agricultural product testing, and new drug clinical testing, and turn itself into a comprehensive testing organization.
Third-party clinical laboratories have several obvious characteristics: for example, large investment, light asset operation, and high profits. Generally, a laboratory for testing about 1,000 projects is established in the provincial-level region, which requires an investment of about 25 million yuan. It will take 5 years to achieve profitability. This means that the inspection project alone does not include IVD circulation sales revenue. Of course, if the lab is formed by a local channel that has resources in the IVD circulation field, the time to break even is generally faster.
Next, the laboratory will enter a stage of high-speed profit increase. The net profit of the new three-board listed enterprise Lodge test in 13-15 is generally around 30% (the small net enterprise has a high net profit in the initial stage, the main board listed company For example, Dean Diagnostics, etc., with the resources of expansion channels and acquisition targets, the net profit in these years does not exceed 10%), and then compare the gross profit rate table of the inspection items disclosed by the Golden Field Inspection Listing:
fresh Chinese Frozen Pomfret
Fresh Pomfret,Fresh Frozen Pomfret,Delicious Fresh Pomfret,Delicious Fresh Frozen Pomfret
Zhoushan Junwei Aquatic Products Co., Ltd. , https://www.junweiaquatic-intl.com