Sinopharm Group Co Ltd

01099: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$27.30	Jgddc	Wtxtpshz

Sinopharm Is the Largest Drugs and Medical Devices Distributor in China

Yurou Zheng

Aug 27, 2024

Business Strategy and Outlook

Unlike its two main, yet smaller, competitors Sinopharm is a pure-play medical distributor that does not have a sizable portion of revenue from the manufacturing business. As the largest medical distributor, Sinopharm has been growing at a 10-year compound annual growth rate, or CAGR, of 10.7%, with both industry expansion and industry consolidation. It aims to further increase distribution market share by deepening its network coverage and focusing on industry policies.

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