五部门发文推进人工智能+医疗卫生应用发展：医疗服务行业周报11.3-11.7-20251109

Investment Rating - The report maintains a "Buy" rating for the medical services industry [6][10][63] Core Views - The medical services sector has experienced a significant decline, with a 2.40% drop this week, underperforming the CSI 300 index by 3.22 percentage points [2][12] - The introduction of policies promoting the integration of artificial intelligence in healthcare is expected to create substantial market opportunities for software and hardware service providers [5][6][62] - The report highlights a clear industrialization blueprint for AI in healthcare, indicating a transformative impact on the medical services sector [6][62] Summary by Sections Industry Performance - The medical services sub-sector index closed at 6859.85 points, down 4.07% this week, while other sub-sectors showed mixed results [2][24] - Notable performers in the medical services sector included Aoyang Health (+5.1%) and Berry Genomics (+3.7%), while companies like Zhaoyan New Drug (-12.2%) and Nanmo Biology (-11.9%) faced significant declines [3][29] Valuation Metrics - The current Price-to-Earnings (PE) ratio for the medical services sector is 32.96X, with a Price-to-Book (PB) ratio of 3.32X [4][30] - The PE ratio has decreased by 3.57X compared to the previous week, and the PB ratio has dropped by 0.13X [4][30] Policy Developments - The Chinese government has issued guidelines to promote the application of AI in healthcare, aiming for widespread implementation by 2030 [5][60][61] - The policy emphasizes the dual focus on regulation and development, benefiting compliant and technologically robust leading enterprises [9][62] Investment Recommendations - The report suggests focusing on high-growth areas such as ADC CDMO and weight-loss drug supply chains, with specific companies like WuXi AppTec and Haoyuan Pharmaceutical highlighted [10][63] - It also recommends monitoring third-party medical testing laboratories and consumer healthcare sectors, particularly in ophthalmology and dentistry [10][63]