Core Viewpoint - The stock of Shangrong Medical (002551) has experienced a decline, with significant net outflow of funds from major investors, indicating potential concerns about the company's performance and market sentiment [1][2]. Group 1: Stock Performance - As of August 6, 2025, Shangrong Medical's stock closed at 3.84 yuan, down 2.29% with a turnover rate of 4.92% and a trading volume of 300,600 hands, resulting in a transaction amount of 116 million yuan [1]. - In the past five days, the stock has shown fluctuating performance, with a notable drop on August 5, where it closed at 3.93 yuan, down 0.51% [2]. Group 2: Fund Flow Analysis - On August 6, 2025, the net outflow of major funds was 16.38 million yuan, accounting for 14.09% of the total transaction amount, while retail investors saw a net inflow of 13.93 million yuan, representing 11.98% of the total [1][2]. - Over the past five days, major funds have consistently shown net outflows, with the highest outflow recorded on August 5 at 27.59 million yuan, indicating a trend of reduced confidence among institutional investors [2]. Group 3: Financial Metrics - Shangrong Medical's total market capitalization is 3.247 billion yuan, with a net asset value of 2.789 billion yuan and a net profit of 13.96 million yuan, which is significantly lower than the industry averages [3]. - The company's gross margin stands at 15.27%, while the industry average is 51.31%, highlighting a substantial gap in profitability compared to peers [3]. - The first quarter of 2025 reported a main business revenue of 280 million yuan, a year-on-year increase of 1.3%, and a net profit attributable to shareholders of 13.96 million yuan, reflecting a modest growth trajectory [3].

Core Insights - The company, Shangrong Medical, closed at 3.95 yuan, with a 1.28% increase, and a rolling PE ratio of 149.34, marking a 17-day low, with a total market value of 3.34 billion yuan [1] - The average PE ratio in the medical device industry is 54.31, with a median of 38.11, placing Shangrong Medical at the 110th position in the industry ranking [1] - As of March 31, 2025, the number of shareholders in Shangrong Medical is 58,323, a decrease of 621 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Company Overview - Shangrong Medical specializes in the production and sales of medical products, medical services, and health industry operations [1] - The company is recognized as one of the earliest to introduce clean technology into hospital operating rooms in China, with its intelligent self-controlled operating room products receiving multiple national honors [1] - Shangrong Medical is classified as a national high-tech enterprise and has accumulated over 180 patents, which are vital for its continuous development [1] Financial Performance - In the first quarter of 2025, the company reported a revenue of 280 million yuan, a year-on-year increase of 1.30%, and a net profit of 13.96 million yuan, reflecting a year-on-year growth of 0.58% [2] - The sales gross margin for the company stands at 15.27% [2] - The company's PE (TTM) is 149.34, while the static PE is 149.88, with a price-to-book ratio of 1.26 [2]

Group 1 - The stock price of Shangrong Medical (002551) closed at 3.9 yuan on August 1, 2025, with an increase of 2.9% and a turnover rate of 6.25% [1] - The company reported a total revenue of 280 million yuan for Q1 2025, representing a year-on-year growth of 1.3%, and a net profit attributable to shareholders of 13.96 million yuan, up 0.58% year-on-year [1] - The company's non-recurring net profit reached 11.70 million yuan, showing a significant year-on-year increase of 84.75% [1] Group 2 - Shangrong Medical has made investments in 17 companies and participated in 52 bidding projects [2] - The company holds 9 trademark registrations and 121 patents, along with 41 administrative licenses [2] - Shangrong Medical was established in 1998 and is primarily engaged in the manufacturing of specialized equipment [1][2]

Core Insights - The company, Shangrong Medical, closed at 3.9 yuan, marking a 2.90% increase, with a rolling PE ratio of 147.45, the lowest in 16 days, and a total market capitalization of 3.297 billion yuan [1][2] - The average PE ratio in the medical device industry is 53.65, with a median of 37.22, placing Shangrong Medical at 110th in the industry ranking [1][2] - As of March 31, 2025, the number of shareholders decreased by 621 to 58,323, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Company Overview - Shangrong Medical specializes in the production and sales of medical products, medical services, and health industry operations [1] - The company is recognized for introducing clean technology into hospital operating rooms and has received multiple honors, including national key new product recognition and a second-class award for scientific and technological progress from the Shenzhen government [1] - The company holds over 180 patents, contributing to its continuous development and innovation [1] Financial Performance - In the first quarter of 2025, the company reported revenue of 280 million yuan, a year-on-year increase of 1.30%, and a net profit of 13.9642 million yuan, reflecting a year-on-year growth of 0.58% [2] - The sales gross margin for the same period was 15.27% [2]

Core Insights - The company, Shangrong Medical, closed at 3.8 yuan on July 29, with a decline of 1.30%, resulting in a rolling PE ratio of 143.67 times and a total market capitalization of 3.213 billion yuan [1] - The average PE ratio in the medical device industry is 55.46 times, with a median of 37.74 times, placing Shangrong Medical at the 109th position in the industry ranking [1] - As of March 31, 2025, the number of shareholders in Shangrong Medical is 58,323, a decrease of 621 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Company Overview - Shangrong Medical specializes in the production and sales of medical products, medical services, and health industry operations [1] - The company is recognized as one of the earliest to introduce clean technology into hospital operating rooms in China, with its intelligent self-controlled operating room products awarded national honors [1] - Shangrong Medical is classified as a national high-tech enterprise and has received over 180 patents, which serve as a driving force for its continuous development [1] Financial Performance - In the first quarter of 2025, the company reported an operating income of 280 million yuan, reflecting a year-on-year increase of 1.30%, and a net profit of 13.9642 million yuan, with a year-on-year growth of 0.58% [2] - The sales gross margin for the company stands at 15.27% [2] - The company's PE ratios are significantly higher than the industry averages, indicating a premium valuation compared to peers [2]

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Shangrong Medical, indicating a high PE ratio compared to industry averages [1][2] - As of July 22, Shangrong Medical's stock closed at 3.82 yuan, with a PE ratio of 144.43, significantly higher than the industry average of 53.47 [1] - The company has experienced a net outflow of 279.90 thousand yuan in principal funds on July 22, with a total outflow of 1,735.96 thousand yuan over the past five days [1] Group 2 - In the latest quarterly report for Q1 2025, the company reported revenue of 280 million yuan, a year-on-year increase of 130%, and a net profit of 13.96 million yuan, a year-on-year increase of 0.58% [2] - The company's gross profit margin stands at 15.27% [2] - Shangrong Medical is recognized as a national high-tech enterprise and has received numerous awards and honors, including over 180 patents, which contribute to its ongoing development [1]

Performance Forecast - The company expects a net loss of between 7 million and 9.5 million yuan for the current reporting period, compared to a profit of 14.0266 million yuan in the same period last year, representing a decline of 149.91% to 167.73% [1] - The net loss after deducting non-recurring gains and losses is projected to be between 11.6594 million and 14.1594 million yuan, compared to a profit of 2.3089 million yuan last year, indicating a decline of 604.98% to 713.25% [1] - Basic earnings per share are expected to be a loss of 0.008 to 0.011 yuan per share, compared to a profit of 0.0166 yuan per share in the previous year [1] Reasons for Performance Change - The revenue from completed medical engineering projects has decreased by 72% compared to the same period last year [1] - Sales volume and profit margin of exported medical consumables have further declined [1] - Government subsidies and other income from write-offs have decreased by approximately 90% compared to the same period last year, contributing to the overall loss [1]

Core Viewpoint - Shenzhen Shangrong Medical Co., Ltd. has corrected its half-year performance forecast for 2025, indicating a significant expected loss compared to the previous year [1][2][3] Summary by Relevant Sections Performance Forecast - The company expects a net loss of between 7 million and 9.5 million yuan for the current reporting period, compared to a profit of 14.0266 million yuan in the same period last year [1] - The net profit attributable to shareholders is projected to decline by 149.91% to 167.73% compared to the previous year [1] - The loss after deducting non-recurring gains and losses is estimated to be between 11.6594 million and 14.1594 million yuan, with a significant decline of 604.98% to 713.25% compared to the previous year [1] - Basic earnings per share are expected to be a loss of 0.008 yuan to 0.011 yuan, compared to a profit of 0.0166 yuan per share in the previous year [1]

证券代码：002551 证券简称：尚荣医疗 公告编号：2025-038 深圳市尚荣医疗股份有限公司 更正公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市尚荣医疗股份有限公司（以下简称"公司"）于2025年7月12日披露 的《2025年半年度业绩预告》（公告编号：2025-037）。因工作人员疏忽，上述 公告中的部分内容出现了错误，现予以更正。本次更正不涉及对原公告的实质性 的变更，具体如下： 更正前： 一、本期业绩预计情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日。 （二）业绩预告情况 预计净利润为负值 | 项 目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | 亏损：700 | 万元— 950 | 万元 | 盈利：1402.66 | 万元 | | | 比上年同期下降：135.65 %—167.73 % | | | | | | 扣除非经常性损 益后的净利润 | 亏损：965.94 | 万元—1415 ...

[Performance Forecast Overview](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss of 7 million to 9.5 million yuan for H1 2025, a significant year-over-year decline H1 2025 Performance Forecast vs. Prior Year Period | Metric | H1 2025 Estimated | Prior Year Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss 7 million - 9.5 million yuan | Profit 14.0266 million yuan | ↓ 149.91% - 167.73% | | Net Profit After Non-Recurring Items | Loss 11.6594 million - 14.1594 million yuan | Profit 2.3089 million yuan | ↓ 604.98% - 713.25% | | Basic Earnings Per Share | Loss 0.008 - 0.011 yuan/share | Profit 0.0166 yuan/share | - | [Analysis of Performance Change Reasons](index=1&type=section&id=Item%203.%20Explanation%20of%20Performance%20Change%20Reasons) Loss attributed to lower medical engineering revenue, reduced export medical consumables profit, and a sharp decline in non-recurring income - Revenue recognized from completed medical professional engineering projects decreased by **72%** compared to the prior year period[4](index=4&type=chunk) - Sales volume and profit margins of export medical consumable products further declined[4](index=4&type=chunk) - Non-operating income from government subsidies and write-offs of receivables decreased by approximately **90%** compared to the prior year period[4](index=4&type=chunk) [Important Statement and Risk Warning](index=1&type=section&id=Item%202.%20Communication%20with%20Accounting%20Firm) This performance forecast is a preliminary, unaudited estimate; final data in 2025 semi-annual report, investors urged to note risks - The financial data related to this performance forecast has not been pre-audited by a certified public accountant[3](index=3&type=chunk) - This performance forecast is a preliminary estimate by the company's finance department; final data will be based on the '2025 Semi-Annual Report'[5](index=5&type=chunk) - The company advises investors to be aware of investment risks and to rely on information published in designated media (e.g., China Securities Journal, Securities Times, and Juchao Information Network)[6](index=6&type=chunk)