总的来看，康复医疗器械与家用医疗器械行业正处于快速扩张期，受益于人口老龄化加速、慢性病高 发、健康意识提升、政策扶持及技术创新等多重核心因素，未来 5-10 年将维持高速增长态势，市场规 模有望实现翻倍式扩张。 11月4日，北交所上市公司锦好医疗（920925）上涨，收盘价为35.70元/股，涨幅3.33%。 2025 年中国康复医疗器械行业市场规模预计达 785 亿元，较 2024 年的 670 亿元增长 17.2%，2020 年以 来年复合增长率始终维持在 15%-20% 的高水平。长期来看，在《"十四五" 健康老龄化规划》等政策推 动下，预计到 2030 年行业整体规模将突破 1500 亿元，年复合增长率保持在 12% 左右。 在老龄化引爆需求、技术突破赋能、政策资本双轮驱动下，家用医疗器械市场迎来爆发式增长，智能康 复设备、居家健康监测系统、康养数据服务成为三大黄金赛道。2025 年仅居家健康监测设备一个细分 领域的市场规模就将达 600 亿元，其中可穿戴设备占比超 60%；叠加智能康复设备 800 亿元、康养数 据服务 300 亿元的规模，家用相关核心赛道合计规模已达 1700 亿元量级，且年增速普 ...

证券研究报告·公司点评报告 2025 年 11 月 3 日 江海证券研究发展部 医药行业研究组 执业证书编号：S1410524050001 | | | | 市场数据 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 总股本(百万股) | | 98.46 | | | | | | | | A 股股本(百万股) | | 98.46 | | | | | | | | B/H 股股本(百万股) | | | | | | -/- | | | | A 股流通比例(%) | | 56.16 | | | | | | | | 12 个月最高/最低(元) | | 40.48/10.53 | | | | | | | | 第一大股东 | | | | | | | | 王敏 | | 第一大股东持股比例(%) | | 25.81 | | | | | | | | 上证综指/沪深 300 | | | | | | | 3954.79/4640.67 | | | 数据来源：聚源 注：2025 | 月 | 日数据 | 年 | 10 | 31 | | | ...

Core Insights - JinHao Medical (920925.BJ) reported its Q3 2025 results on October 29, 2025, with a total of 9 institutional investors holding 23.7976 million A-shares, representing 24.17% of the total share capital [1] - The institutional holding ratio increased by 0.34 percentage points compared to the previous quarter [1] - One new public fund, Xinghua Jingcheng Mixed A, was disclosed this period, while two public funds were not disclosed compared to the previous quarter [1] Institutional Holdings - The total number of institutional investors holding shares in JinHao Medical is 9, with a combined holding of 23.7976 million shares [1] - The institutional investors include Huizhou Jintongchuang Investment Co., Ltd., Huizhou Jintongsheng Investment Partnership, and several private equity funds managed by Zhongtou Dinghong [1] - The increase in institutional holding ratio indicates growing confidence among institutional investors [1] Public Fund Activity - One new public fund was disclosed this quarter, which is Xinghua Jingcheng Mixed A [1] - Two public funds, namely E Fund North Exchange Selected Two-Year Open Mixed A and CITIC Securities Vision Return A, were not disclosed this quarter [1] Foreign Investment Trends - One foreign fund, Bole Far East Limited, reduced its holdings by 1.27% compared to the previous quarter [2]

Summary of Key Points Core Viewpoint - On October 15, 2025, Jinhao Medical (920925) closed at 34.05 yuan, down 3.81%, with a turnover rate of 2.78% and a trading volume of 15,400 shares, resulting in a transaction amount of 52.78 million yuan [1]. Trading Information - On October 15, the net outflow of main funds was 577.95 thousand yuan, accounting for 10.95% of the total transaction amount [1][3]. - The net outflow of retail funds was 265.48 thousand yuan, representing 5.03% of the total transaction amount [1]. Company Announcement - Jinhao Medical announced the postponement of its second extraordinary general meeting originally scheduled for October 27, 2025, to October 28, 2025. The online voting period has been adjusted accordingly [1][3]. - The company expressed apologies for any inconvenience caused by the postponement and thanked investors for their understanding and support [1].

《关于2025年第二次临时股东会延期公告》 截至2025年10月15日收盘，锦好医疗（920925）报收于34.05元，较前一交易日下跌3.81%，最新总市值 为33.53亿元。该股当日开盘35.71元，最高35.71元，最低34.01元，成交额达5277.89万元，换手率为 2.78%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司于近日发布公告称，原定于2025年10月27日15:00召开的2025年第二次临时股东会现场会议，因工 作安排需要，经研究决定延期至2025年10月28日15:00召开。网络投票时间相应调整为2025年10月27日 15:00至10月28日15:00。股权登记日、会议地点、召开方式、审议事项及登记方式等其他事项不变。本 次延期符合相关法律法规及公司章程规定。公司对延期带来的不便表示歉意，并感谢投资者的理解与支 持。 最新公告列表 ...

Summary of Key Points Core Viewpoint The trading activity on the Beijing Stock Exchange (BSE) showed a significant decrease in transaction volume and value on September 26, with a total trading volume of 799 million shares and a transaction value of 19.456 billion yuan, down by 1.469 billion yuan compared to the previous trading day. Despite this decline, 80 stocks closed higher, indicating some resilience in the market. Trading Activity - The total trading volume on the BSE was 799 million shares, with a transaction value of 19.456 billion yuan, reflecting a decrease of 1.469 billion yuan from the previous day [1]. - Among the traded stocks, 80 closed higher, accounting for 28.99% of the total tradable stocks [1]. - The stocks with the highest closing gains included Jinhua New Materials (up 29.98%), Wuxin Tunnel Equipment (up 7.98%), and Silane Technology (up 7.54%) [1][2]. - Conversely, 193 stocks closed lower, with Jinhao Medical leading the declines at 11.00% [1]. Stock Performance - Jinhua New Materials had the highest trading volume at 1.158 billion yuan and a turnover rate of 74.80% [1]. - Other notable stocks in terms of trading volume included Wuxin Tunnel Equipment (572.73 million yuan) and Naconoer (504.29 million yuan) [1]. - The trading activity showed that 15 stocks had a turnover rate exceeding 10%, with three stocks exceeding 20% [1]. Market Dynamics - The overall market sentiment was mixed, with a notable number of stocks experiencing significant price fluctuations [1][2]. - The trading data indicates a potential shift in investor sentiment, as evidenced by the number of stocks that experienced both gains and losses [1][2]. Conclusion The BSE experienced a decline in trading activity on September 26, yet a portion of stocks demonstrated resilience with notable gains. The market dynamics suggest a complex environment where investor sentiment may be shifting, warranting close observation of future trading patterns and stock performances [1][2].

从资金流向上来看，当日医疗器械板块主力资金净流出6.21亿元，游资资金净流入1.32亿元，散户资金净 流入4.89亿元。医疗器械板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688358 | 祥生医疗 | 32.90 | 9.30% | 5.50万 | | 1.77亿 | | 300326 | ST凯利 | 5.88 | 3.70% | 18.20万 | | 1.06亿 | | 688289 | 圣湘生物 | 20.50 | 3.07% | 11.12万 | | 2.27亿 | | 300677 | 英科医疗 | 37.76 | 2.61% | 21.41万 | | 8.11亿 | | 300358 | 楚天科技 | 9.11 | 2.59% | 41.69万 | | 3.76亿 | | 688212 | 澳华内镜 | 49.14 | 2.55% | 1.92万 | | 9322.40万 | | 688026 | 洁特生物 | 18.29 | 1.72 ...

今日可交易A股中，股价上涨的有1477只，占比27.22%，下跌的有3877只，占比71.45%，其中，涨停的 有52只，跌停的有9只。 沪指今日下跌0.01%，64股收盘价创历史新高。 今日收盘价创历史新高股一览 | 代码 | 简称 | 收盘价（元） | 日涨跌幅（%） | 所属行业 | | --- | --- | --- | --- | --- | | 688109 | 品茗科技 | 58.90 | 20.01 | 计算机 | | 688585 | 上纬新材 | 132.10 | 20.00 | 基础化工 | | 872925 | 锦好医疗 | 37.08 | 19.04 | 医药生物 | | 301326 | 捷邦科技 | 134.50 | 15.95 | 电子 | | 603312 | 西典新能 | 50.67 | 10.01 | 电力设备 | | 603040 | 新坐标 | 85.22 | 10.00 | 汽车 | | 603286 | 日盈电子 | 46.42 | 10.00 | 汽车 | | 603083 | 剑桥科技 | 124.87 | 10.00 | 通信 | | 000988 | 华工 ...

证券之星消息，9月25日医疗器械板块较上一交易日上涨1.07%，锦好医疗领涨。当日上证指数报收于 3853.3，下跌0.01%。深证成指报收于13445.9，上涨0.67%。医疗器械板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 872925 | 锦好医疗 | 37.08 | 19.04% | 7.03万 | | 2.62亿 | | 301235 | や康浩浄 | 34.41 | 6.63% | 7.98万 | | 2.79亿 | | 300341 | 麦克奧迪 | 19.71 | 4.90% | 48.35万 | | 9.33亿 | | 300760 | 迈瑞医疗 | 245.00 | 4.75% | 16.22万 | | 39.07亿 | | 688677 | 海泰新光 | 50.31 | 3.90% | 2.21万 | | 1.10亿 | | 688029 | 南微医学 | 97.70 | 3.83% | 4.31万 | | 4.18亿 | | 603 ...

Market Overview - On September 24, the medical device sector rose by 0.1% compared to the previous trading day, with Hualan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Top Performers - Hualan Co., Ltd. (301093) closed at 44.74, up 10.20% with a trading volume of 120,900 shares and a transaction value of 526 million yuan [1] - Huitai Medical (688617) closed at 321.65, up 6.86% with a trading volume of 21,200 shares [1] - Jinhao Medical (872925) closed at 31.15, up 6.68% with a trading volume of 17,400 shares [1] Other Notable Stocks - Dongxing Medical (301290) closed at 27.96, up 5.35% with a trading volume of 34,600 shares [1] - Dabo Medical (002901) closed at 55.06, up 5.02% with a trading volume of 42,100 shares [1] - Maike Aodi (300341) closed at 18.79, up 4.97% with a trading volume of 373,300 shares [1] Fund Flow Analysis - The medical device sector experienced a net outflow of 12.47 million yuan from institutional investors, while retail investors saw a net inflow of 24.3 million yuan [2] - The overall fund flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Fund Flow - Maike Aodi (300341) had a net inflow of 94.47 million yuan from institutional investors, but a net outflow of 85.20 million yuan from retail investors [3] - Huo Jing Biological (688068) saw a net inflow of 58.76 million yuan from institutional investors, with retail investors also withdrawing funds [3] - Dabo Medical (002901) had a net inflow of 33.73 million yuan from institutional investors, while retail investors experienced a net outflow [3]