UIH(SH:688271) Sou Hu Cai Jing·2025-12-23 03:40Core Viewpoint - The healthcare sector is currently underperforming, with the largest healthcare ETF (512170) experiencing fluctuations below the annual line, indicating potential accumulation of funds near this level [1]. Group 1: Market Performance - On December 23, the healthcare ETF (512170) recorded a net subscription of over 98.88 million yuan in a single day [1]. - The ETF closed at 0.345, down 0.58% from the previous day, with a trading range between 0.344 and 0.347 [2]. - Major component stocks in the ETF, such as Weining Health, fell over 2%, while other leading stocks like United Imaging, Aier Eye Hospital, and Aimeike also declined by more than 1% [1]. Group 2: Industry Insights - According to Zhongtai Securities, policy disturbances in the medical device industry are gradually clearing, with domestic demand recovering and export logic being realized, particularly in high-value consumables and medical equipment [2]. - Zhao Securities highlighted that by 2026, the medical device sector is expected to benefit from improved hospital demand, inventory optimization, and increased exports, with ongoing positive trends in bidding data for equipment [3]. - The medical ETF (512170) passively tracks the CSI Medical Index, which includes top-weighted stocks such as WuXi AppTec, Mindray Medical, United Imaging, Aier Eye Hospital, and others [3].