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中信建投: CXO行業海外需求維持復甦,訂單業績持續改善
格隆匯 07-14 08:21
中信建投研報表示,隨着2024年海外市場逐漸回暖,部分國內CXO企業2024年新簽訂單端展現良好增長趨勢,2025年上半年整體海外需求仍舊較好,2025年有望逐漸在業績上開始體現;國內投融資整體處於底部,恢復預計仍需要一定時間。細分來看,臨牀前及臨牀CRO行業2024年下半年價格底部企穩,2025年部分細分領域需求有所增加。CDMO早期項目價格戰有所趨緩,海外業務增長強於國內。CXO行業2025年一季度整體開始恢復增長,但部分企業受2024年一季度基數較高影響仍有所承壓,2025年二季度行業預期維持復甦趨勢。
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