2025年度医药行业投资策略：穿越风雪奔赴山海

太平洋证券股份...01-06 00:00

行情回顾：医药行情较为低迷，风险集中释放后观察到积极变化回顾2024年，医药板块受到合规整顿活动、医保基金控费、内需消费乏力、美国生物安全法案等多重因素扰动，板块阶段性承压：中信医药指数全年下跌12.83%，跑输沪深300指数27.52pct。中长期维度来看，板块调整已超4年，估值消化相对充分：截至2024/12/31，中信医药PE（TTM，剔除负值）为26.38X，板块估值溢价率为114.48%...

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2025年度医药行业投资策略：穿越风雪 奔赴山海

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2025年度医药行业投资策略：穿越风雪奔赴山海