SONOSCAPE(SZ:300633) Zheng Quan Ri Bao·2025-06-02 16:44Core Viewpoint - The article highlights the journey of Shenzhen Kaili Medical Technology Co., Ltd. (Kaili Medical) in establishing itself as a leader in high-end medical equipment in China, showcasing its commitment to innovation and quality in the face of foreign competition [2][3][12]. Group 1: Company Development and Innovation - Kaili Medical started from scratch over 20 years ago, breaking the foreign monopoly with its first fully digital color ultrasound machine, which was developed with independent intellectual property rights [2][3]. - The company introduced the first domestic fully digital portable ultrasound "SSI-1000" in 2004, which cost only one-third of imported products while achieving world-class technology standards [3][4]. - By 2024, the domestic ultrasound equipment market has seen a localization rate exceeding 50%, reflecting the company's successful penetration into the market [5][11]. Group 2: Technological Advancements - Kaili Medical has developed over 30 ultrasound imaging devices and more than 60 types of probes, covering the entire field of ultrasound imaging diagnosis [5]. - The company has invested heavily in AI technology, creating the "Fengyan S-Fetus" technology, which is the world's first to achieve automatic capture, measurement analysis, and ultrasound quality control [5][11]. - In 2025, Kaili Medical plans to launch several new products, including the C-Field+ intelligent platform and the next-generation full HD electronic endoscope system [11]. Group 3: Market Position and Strategy - Kaili Medical has established a multi-product line development pattern, focusing on four major business areas: ultrasound imaging equipment, digestive and respiratory endoscopes, minimally invasive surgery, and cardiovascular intervention [11][12]. - The company aims to maintain high R&D investment, with R&D expenses reaching 473 million yuan in 2024, accounting for 23.08% of revenue, significantly higher than the industry average [11]. - The company is committed to high-end and specialized development, intending to enter more complex and higher technical threshold fields [11][12]. Group 4: Industry Impact and Recognition - Kaili Medical's products have gained international recognition, with its ultrasound equipment being used in the Chinese space station, marking a significant achievement for domestic medical imaging technology [5][6]. - The company has successfully competed with foreign brands in international academic conferences, showcasing its advanced technology and quality [7][8]. - The integration of production, education, research, and medical applications has fostered innovation in the domestic endoscope market, increasing the localization rate from approximately 5% in 2021 to 20% in 2024 [10].