fundungeonexcalibur| Drugstores: In 2023, the number of directly operated stores in Yifeng, People's Daily, Dashenlin, Jianzhijia and Shuyu Civilian will all increase by more than 20% year-on-year

Source Gangtise Investment Research

analysts saidfundungeonexcalibur, pharmacyfundungeonexcaliburThe industry concentration of Yixintang is still in a stage of continuous improvement, and the number of leading pharmacy stores has a relatively high growth rate. In 2023, the number of directly operated stores in Yifeng, People's Daily, Dazhanlin (rights protection), Jianzhijia and Shuyu civilians will all be more than 20% year-on-year growth. The number of directly operated stores in Yixintang has grown slightly slower, but there is also a year-on-year growth of more than 10%. Looking forward to 2024, the general logic of increasing concentration in the pharmacy industry and outflow of prescription drugs will not change, and outpatient coordination policies in various provinces are expected to be further clarified and promoted.