According to the population data released by the National Bureau of statistics, by the end of 2018, Chinas population aged 60 and above had reached 249.49 million, accounting for 17.9% of the total population, of which 166.58 million were aged 65 and above, accounting for 11.9% of the total population. CIC predicts that the scale of Chinas pension industry will reach 12.8 trillion yuan by 2023. These data reveal a strong signal that the deepening aging has laid a solid foundation for the rise of the silver economy.
In fact, the issue of aging has been attached great importance, which has been mentioned in a number of important government documents before, and the pension industry has also been included in the 13th five year plan. Recently, the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China deliberated and adopted the heavy document decision of the Central Committee of the Communist Party of China on several major issues concerning upholding and improving the socialist system with Chinese characteristics, promoting the modernization of the national governance system and governance capacity. It was mentioned that we should adhere to the principle of full coverage, improve the basic endowment insurance system and the basic medical insurance system, and steadily improve water security Ping. We will speed up the establishment of a national system for overall planning of basic endowment insurance. We should actively respond to the aging of the population, and accelerate the construction of an elderly care service system that integrates home-based community institutions and medical care, health care and health care.
It is worth mentioning that at present, listed companies involving pension concept in A-share market are expanding constantly. According to the statistics of tonghuashun, the reporter of Securities Daily found that as of November 8, there are 52 listed companies involving pension concept, with obvious industry concentration, mainly concentrated in the pharmaceutical and biological industry (15), real estate industry (8), information technology industry (8), etc u3002
It is gratifying that the above-mentioned companies involved in the concept of pension have generally passed the big test of performance. The net profits of 28 companies in the first three quarters of 2019 have achieved year-on-year growth, including 7 companies, including Xinlong health (858.79%), Lvting investment (814.75%), Zhongyuan stock (507.39%), Nanjing Xinbai (274.53%), Tongfang stock (222.88%), Fenghuang stock (220.20%), orway communication (108.72%), etc The net profit of the first three quarters of the company increased by more than 100% year on year.
Through further combing, it is found that the layout of the pension industry is constantly increasing, showing a trend of clustering. He Yanqing, a researcher of CSCI securities, said that the pension industry is an important industry gradually developed with the aging process. At present, China has entered the aging process in an all-round way, and the aging process is still accelerating. This is a trillion yuan blue ocean market, which will develop in the future The exhibition space is huge.
According to the disclosure of the three quarterly reports of listed companies, 27 listed companies involved in the concept of pension appear in the list of top ten shareholders of circulating shares, including social security fund, securities firm, fund, insurance capital, QFII, etc., among which, Jinghan shares, Shuangjian shares, world bank, Dongcheng pharmaceutical, yihualu, Jiuyuan Yinhai, aojiahua, Yuyue medical, Dongfang Guoxin, and Dazu Jiji There are two or more types of institutions among the top ten circulating shareholders of 11 companies, including Guangguang and Zhongnan Construction.
It is not hard to find that it has become a compulsory course for institutions to deeply explore the investment opportunities of pension themes. Yang Kan, a researcher at Ping An Securities, said that in the context of growing domestic demand, the development of the pension industry is about to start, and the general trend of the combination of medical care and maintenance is inevitable. With the deepening of domestic aging, the first batch of middle-class groups to promote high-end pension consumption and pension support policies, the development space of pension real estate industry is worth looking forward to. Looking forward to the future, it is the key for the pension real estate enterprises to have the ability to integrate the resources of the pension industry and form a clear profit model. It is expected that enterprises with strong capital strength, high level of operation service and coordinated development of various pension business models will stand out.
Ma Xiaotian, a researcher of Shenwan Hongyuan securities, recommends the following three main lines: first, nursing homes: double arrow shares, a leading enterprise of chain nursing homes, are recommended to pay attention to; Yihua health, which has a high-end pension membership system to represent Yiyuan. Second, pension real estate: it is recommended to focus on xinhuajin, a leading enterprise in the overall industrial layout of pension in Shandong Province, which is in deep cooperation with famous Japanese brands; to combine culture with pension, to deeply cultivate Phoenix shares of landscape pension; to deeply integrate health care hospital and Pension Hospital in Hunan. Third, home care for the aged: it is recommended to pay attention to Nanjing Xinbai, which has the first platform of home care for the aged, ankangtong.