Xiangyu Medical(SH:688626) Shang Hai Zheng Quan Bao·2025-09-18 18:59Core Insights - The implementation of the "Implementation Opinions on Promoting the Innovation and Development of Brain-Computer Interface Industry" injects new momentum into the rehabilitation medical sector, with Xiangyu Medical focusing on brain-computer interface technology to transition from passive treatment to active rehabilitation [2][5]. Company Overview - Founded in 2002, Xiangyu Medical has been dedicated to the rehabilitation sector, emphasizing non-invasive therapies to protect patient health [3]. - The company has developed a comprehensive product system in rehabilitation medical devices, covering 10 categories, 55 series, and thousands of products, making it a versatile player in the industry [4]. Research and Development - Xiangyu Medical invests over 20% of its main business revenue into R&D annually, which has previously impacted profit margins but is expected to improve with the launch of high-margin new products [4]. Brain-Computer Interface Technology - Since 2015, Xiangyu Medical has been developing brain-computer interface technology to address the contradiction between active rehabilitation and passive treatment, achieving significant results in stroke patient rehabilitation [5][6]. - The company focuses on non-invasive brain-computer interfaces, which are becoming more affordable and marketable, facilitating wider adoption in hospitals [6]. Market Potential - The rehabilitation medical market in China is projected to reach a trillion-level scale, driven by an aging population and increasing health demands, with ample room for growth as no absolute market leader currently exists [7]. - Xiangyu Medical aims to become a leader in the rehabilitation medical industry by providing integrated rehabilitation solutions and enhancing its technological capabilities [7][8]. Future Goals - The company plans to optimize its industrial structure and cultivate new business growth points to enhance its core competitiveness and value creation, aiming to become a world-class rehabilitation medical enterprise [8].