微创机器人-B早盘涨超5% 全球订单动力仍然强劲 小摩上调公司装机量预测
Zhi Tong Cai Jing·2025-10-15 01:59

Core Viewpoint - MicroPort Robotics-B (02252) has seen a significant increase in its stock price, with a rise of over 5% in early trading, reflecting strong market confidence following the announcement of robust order volumes for its core products [1] Group 1: Company Performance - The cumulative order volume for MicroPort Robotics' core products, including endoscopic, orthopedic, and vascular intervention devices, has surpassed 170 units [1] - The "TUMAI" endoscopic surgical robot has achieved over 100 commercial orders globally, with nearly 80 units installed, maintaining the leading position among domestic brands [1] - The company is entering a phase of accelerated commercialization, indicating strong growth potential in the market [1] Group 2: Market Analysis - JPMorgan has reported that the global order momentum for MicroPort Robotics remains strong, leading to an upward revision of the installation forecast for the year from 84 units to 105 units [1] - This adjustment is primarily driven by growth in overseas markets and the assumption that orders can be converted to sales within less than a quarter [1] - The expected improvement in installation volume and product mix is anticipated to enhance the gross margin by 1 to 1.5 percentage points [1] Group 3: Investment Outlook - Morgan Stanley has raised its target price for MicroPort Robotics from HKD 30.9 to HKD 42, maintaining an "Overweight" rating on the stock [1]