CSC Financial: Maintains a "buy" rating on robust healthcare, believe the company's healthcare and consumer sectors are expected to continue to perform well.

Guohai Securities research report pointed out that Wello Health Cotton Soft Towels maintained the first place on the shelf e-commerce platform, and sanitary napkins showed impressive growth. According to data from the Chuanmama platform, the GMV of the Full Cotton Era brand on the Douyin channel increased by 33% year-on-year from June 1st to June 15th; the GMV of the Naisi Princess brand on the Douyin channel increased by 204% year-on-year from June 1st to June 15th. According to data from the Jiuqian platform, in May, Naisi Princess ranked 8th/5th on Tmall/JD in the sanitary napkin category, and Full Cotton Era ranked 1st/1st in the face towel category on Tmall/JD, showing stable improvement in shelf e-commerce development. The company's dual track of medical + consumer has synergistic advantages, the growth potential of Wello Health, and Full Cotton Era brands can be expected. With the gradual fading of the high base effect of the medical sector under the influence of the epidemic, the company's leading layout in online public and private domain channels, offline store efficiency is expected to steadily improve. The bank believes that the company's medical + consumer segments are expected to continue to increase volume, maintaining a "buy" rating.