Core Insights - The report continues to recommend innovative drugs and the related industry chain, highlighting the strong growth potential in the pharmaceutical sector through 2026 [1][4]. Investment Strategy - The investment strategy emphasizes the focus on the CXO sector, particularly in chemical CDMO, where Chinese companies hold significant advantages in talent, chemical capabilities, compliance production, and intellectual property protection [4]. - The report suggests that the upcoming JPM conference will provide updates on the operational progress of Chinese innovative drug companies, which have shown a long-term positive development trend [4]. - The recommended investment portfolio includes A-shares such as Mindray Medical, WuXi AppTec, and Aier Eye Hospital, as well as H-shares like Kangfang Biologics and WuXi Biologics [4][5]. Industry Performance - The pharmaceutical industry experienced a decline of 4.10% in December, underperforming the CSI 300 index by 6.38% [8]. - The report notes that the chemical pharmaceutical sector saw the largest declines among sub-sectors, with a drop of 5.80% [12]. Market Data - For the period from January to November 2025, the pharmaceutical manufacturing industry's total revenue was 220.65 billion yuan, reflecting a year-on-year decrease of 2.0% [7]. - The total retail sales of consumer goods reached 45.61 trillion yuan, with retail sales of Western and Chinese medicines amounting to 660.4 billion yuan, a year-on-year increase of 1.8% [7]. Regulatory Environment - The report discusses the impact of the U.S. "Biological Safety Act," which is expected to have a limited short-term effect on Chinese CXO companies, while emphasizing the need to monitor the long-term implications of international competition and regulatory changes [22]. Recent Drug Approvals - In December 2025, a total of 16 innovative drugs or biosimilars were approved for market entry, including six domestic and ten imported products [24][25].

Vi e w p o i n t | 09 Jan 2026 11:25:58 ET │ 14 pages Shenzhen Mindray (300760.SZ) Focus Shifts to Accelerating Growth CITI'S TAKE Why buy Mindray at this time? — Short term: 1) Growth Acceleration: Management guided for further acceleration in 4Q25 (vs. delivered inflection at +1.5% YoY in 3Q25) and a return to positive domestic growth in 2026 and further acceleration in 2027; 2) HK IPO: The upcoming HK listing is a strategic move to attract global talent and enhance its international brand profile, which ...

（文章来源：证券日报） 证券日报网讯 1月9日，迈瑞医疗在互动平台回答投资者提问时表示，公司高度重视中小投资者的利益 保护。公司将通过如下措施加强投资者利益保护：1、以业绩增长筑牢利益根基：聚焦主业，通过持续 研发投入推动技术突破，深化境内外业务布局，释放增长潜力，以高质量经营提升公司内在价值，为中 小股东利益提供根本保障。2、以稳定分红实现股东回报：公司高度重视投资者回报，在兼顾全体股东 共同利益和公司长远发展的基础上，实施可持续的利润分配政策。公司已经编制、并经股东会审议通过 了《未来三年（2025—2027年）股东回报规划》，在具备利润分配条件的前提下，公司原则上每年度至 少进行一次利润分配，公司每年以现金方式分配的利润不少于当年实现的可供分配利润的65%。自公司 2018年上市以来，公司未进行过再融资，并连续七年实施分红，累计分红总额已达到373亿元（包含回 购股份20亿元），6倍于IPO募资额59.34亿元。未来，公司将继续兼顾战略发展规划和股东回报，在保 障公司内外部业务拓展的前提下，持续加大对股东的回报力度，以此为股东创造更大的价值。3、透 明、及时的信息披露机制：公司注重信息披露的重要性、针对 ...

从资金流向上来看，当日医疗器械板块主力资金净流出6.29亿元，游资资金净流出1.68亿元，散户资金净 流入7.97亿元。医疗器械板块个股资金流向见下表： 证券之星消息，1月9日医疗器械板块较上一交易日上涨1.47%，安必平领涨。当日上证指数报收于 4120.43，上涨0.92%。深证成指报收于14120.15，上涨1.15%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 688393 | 安必平 | 33.04 | 19.71% | 15.70万 | | 4.91亿 | | 688114 | 华大智造 | 75.00 | 10.21% | 11.27万 | | 8.19亿 | | 600807 | 济高发展 | 3.47 | 10.16% | 87.79万 | | 2.93亿 | | 688358 | 祥生医疗 | 35.45 | 9.58% | 1 5.24万 | | 1.82亿 | | 688068 | 热景生物 | 205.95 | 7.28 ...

内容概况：细胞计数仪作为生命科学研究和生物制造的基础性工具，2024年，中国细胞计数仪行业市场 规模约为112.37亿元，同比增长6.30%。技术方面，传统的、操作繁琐的手动或半自动计数设备（如血 球计数板）正迅速被淘汰。在研发端，细胞与基因治疗、生物药研发等前沿领域对细胞活性、粒径分 布、生长动态等多维度参数的监控提出了更高要求，驱动了对可进行活细胞监测、具备荧光分析能力的 多功能智能细胞分析仪的需求。 相关上市企业：迈瑞医疗（300760） 相关企业：浙江水晶光电科技股份有限公司、武汉锐科光纤激光技术股份有限公司、大族激光科技产业 集团股份有限公司、京东方科技集团股份有限公司、歌尔股份有限公司、韦尔半导体股份有限公司、歌 尔微电子股份有限公司、汉威科技集团股份有限公司、长飞光纤光缆股份有限公司、沐曦集成电路（上 海）股份有限公司、晶晨半导体（上海）股份有限公司、江苏恒瑞医药股份有限公司 关键词：细胞计数仪、细胞计数仪市场规模、细胞计数仪行业现状、细胞计数仪发展趋势 一、行业概述 细胞计数仪是一种用于精确测定液体样本中细胞数量，并可分析细胞特性（如活性、大小、形态、荧光 标记等）的实验室设备。其核心功能是通 ...

Core Viewpoint - The brain-computer interface (BCI) sector is experiencing significant growth, driven by technological advancements and increased investment, particularly in the A-share market, with related stocks showing strong performance [1][5]. Group 1: Market Performance - The medical device index ETF (159898) has seen a rise of over 1.94%, with approximately 37 million yuan in net inflow as of the report [1]. - Key stocks in the BCI sector include Kewei Medical, which surged over 19%, and Shuoshi Bio, which increased over 13%, among others [3]. Group 2: Industry Growth - The global BCI market has grown from $1.2 billion in 2019 to nearly $2 billion in 2023, with a compound annual growth rate (CAGR) exceeding 13% [5]. - Projections indicate that the global BCI industry could reach $7.63 billion by 2029, with a CAGR of over 25% from 2024 to 2029 [5]. Group 3: Investment Opportunities - The BCI sector is positioned at a critical juncture with strong policy support, rapid technological iteration, and accelerated commercialization, making it a promising area for investment [8]. - The medical device index ETF (159898) tracks a broad range of medical device sectors, with leading companies like Mindray Medical and United Imaging Healthcare, providing a pure representation of the A-share medical device sector [8][9].

创业50ETF（159682）业绩比较基准为创业板50指数收益率，管理人为景顺长城基金管理有限公司，基 金经理为汪洋、张晓南，成立（2022-12-23）以来回报为53.15%，近一个月回报为6.35%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 1月8日，截止午间收盘，创业50ETF（159682）跌0.92%，报1.515元，成交额1.40亿元。创业50ETF （159682）重仓股方面，宁德时代截止午盘跌0.12%，中际旭创跌2.72%，东方财富跌2.00%，新易盛跌 1.74%，阳光电源跌2.38%，胜宏科技跌2.58%，汇川技术跌0.15%，迈瑞医疗涨0.33%，亿纬锂能跌 0.72%，同花顺跌4.28%。 ...

2025 年治疗设备品牌推荐 国产"智能微创"技术领航， 进口"高精稳定"深耕高端，分级诊疗场景精准匹配 | 一、市场背景 | | 2 | | --- | --- | --- | | 1.1 摘要 | | 2 | | 1.2 治疗设备定义 | | 2 | | 1.3 市场演变 | | 2 | | 二、市场现状 | | 3 | | 2.1 市场规模 | | 3 | | 2.2 市场供需 | | 3 | | 三、市场竞争 | | 4 | | 3.1 市场评估维度 | | 4 | | 3.2 市场竞争格局 | | 4 | | 3.3 十大品牌推荐 | | 5 | | 四、发展趋势 | | 7 | | 4.1 智能化与多技术融合引领设备升级 | | 7 | | 4.2 分级诊疗与健康消费驱动结构优化 | | 7 | | 4.3 全链条扶持加速国产替代与国际化 | | 7 | | 4.4 | 并购重组与生态联动重塑竞争格局 | 7 | 2025 年治疗设备品牌推荐 一、市场背景 1.1 摘要 医疗设备包括用于诊断、监测和治疗的仪器、设备、器具、材料及相关软件，既有专 业医疗设备，也包括家用医疗设备。2017 年，《医疗 ...

本报讯 （记者袁传玺）天眼查工商信息显示，近日，济南迈瑞科技有限公司成立，注册资本2000万元，经营范围含仪器仪 表制造、第一类医疗器械生产、仪器仪表销售、货物进出口、技术进出口、进出口代理等。股东信息显示，该公司由迈瑞医疗 （300760）全资持股。 （编辑 黄力） ...

Core Insights - The flow cytometer industry in China is projected to reach a market size of approximately 3.599 billion yuan in 2024, reflecting a year-on-year growth of 19.21% [1][9] - The industry is achieving systematic breakthroughs along three main paths: expanding detection limits, enhancing analytical dimensions, and integrating functional platforms [1][9] Industry Overview - Flow cytometers utilize lasers to detect scattered light and fluorescence signals from cells or particles in a high-speed flow state, enabling rapid multi-parameter analysis, sorting, and quantitative characterization [2] - The core principle involves hydrodynamic focusing technology that allows cells to pass through the laser detection area in a single file, capturing forward scatter (indicating cell size), side scatter (indicating internal complexity), and fluorescence signals [2] Industry Development History - The flow cytometer industry in China has evolved over 40 years, starting with the introduction of the first FACS III in 1981, leading to significant milestones in domestic production and technology breakthroughs from 2013 onwards [4] - Key advancements include the introduction of the first clinical spectral flow cytometer and the first flow mass spectrometer with IVD registration, marking significant progress in high-end equipment [4] Market Size - The flow cytometer market is experiencing a shift from laboratory to clinical applications, with a notable increase in market size and technological advancements [9] - Noteworthy innovations include the development of nano-flow technology by Fuliu Biotechnology, which extends detection limits to 24nm, and the NL-CLC spectral flow cytometer by Xiatai Biotechnology, the first clinical-approved full-spectrum product in China [9] Key Companies - Major players in the flow cytometer market include Mindray Medical, which has integrated instruments, reagents, and software into a comprehensive platform, and Fuliu Biotechnology, a leader in nano-flow technology [10][11] - Mindray's revenue for the first three quarters of 2025 was 25.834 billion yuan, a decrease of 12.38% year-on-year, with a net profit of 7.570 billion yuan, down 28.83% [11] Industry Trends - The industry is witnessing accelerated technological iteration, with a focus on high-end and intelligent advancements, including the integration of AI for data analysis and high-throughput sorting [12] - Applications are expanding beyond clinical and research fields into broader industrial and public health areas, such as environmental monitoring and food safety [13] - The domestic production process is accelerating, driven by supply chain security and the need for local alternatives, reshaping the competitive landscape [14]