迈得医疗收盘上涨2.74%，最新市净率2.38，总市值18.67亿元

Company Overview - Midea Medical's stock closed at 11.23 yuan, up 2.74%, with a latest price-to-book ratio of 2.38, marking a new low in 19 days, and a total market capitalization of 1.867 billion yuan [1] - As of the first quarter of 2025, five institutions held shares in Midea Medical, including three funds, one other entity, and one social security fund, with a total holding of 15.2835 million shares valued at 17.9 million yuan [1] Business Operations - Midea Medical Industrial Equipment Co., Ltd. specializes in the research, development, production, sales, and service of medical consumables and intelligent equipment [1] - The company's main products include two categories: safety infusion devices and blood purification equipment [1] - Midea Medical has been recognized with qualifications such as the establishment of a postdoctoral workstation in Zhejiang Province and participation in various provincial projects aimed at transforming manufacturing methods and R&D initiatives [1] Financial Performance - In the latest financial report for the first quarter of 2025, Midea Medical reported operating revenue of 40.1763 million yuan, a year-on-year decrease of 45.87% [1] - The company recorded a net loss of approximately 10.797 million yuan, representing a year-on-year decline of 202.70%, with a sales gross margin of 32.89% [1] Industry Comparison - Midea Medical's price-to-earnings ratio (TTM) is -45.21, while the industry average is 57.80, indicating significant underperformance compared to peers [2] - The company's market capitalization stands at 1.867 billion yuan, which is lower than the industry median of 3.727 billion yuan [2]