Shanghai Pharmaceuticals Holding Co Ltd Class H

02607: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$55.70	Dytlsz	Fwvjcnp

Shanghai Pharmaceuticals: An Eastern China Drug Distributor, Manufacturer, and Retail Pharmacy Chain

Jay Lee

May 5, 2020

Business Strategy and Outlook

Shanghai Pharmaceuticals Holding Co Ltd (SPH) is a vertically integrated drug distributor and operates a large drug manufacturer and retail pharmacy chain, as well. Chinese healthcare industries have grown faster than GDP and will continue to grow due to aging demographics, increased urbanization, a larger middle class, and rising disease rates.

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