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研报掘金丨西部证券:维持爱尔眼科“增持”评级,海外市场稳健增长
Ge Long Hui A P P·2025-11-20 08:47

Core Viewpoint - The report from Western Securities indicates that Aier Eye Hospital's net profit attributable to shareholders for Q1-Q3 2025 is 3.115 billion yuan, a year-on-year decrease of 9.76%, with Q3 net profit at 1.064 billion yuan, down 24.12% [1] Financial Performance - The gross profit margin for Aier Eye Hospital stands at 50.65% [1] - The overseas market shows steady growth, with 169 eye centers and clinics established globally as of June 30, 2025 [1] Strategic Developments - The company has acquired three medical institutions: Tongren Aier, Taojiang Aier, and Mudanjiang Aier, enhancing its competitive edge through synergy and scale effects [1] - Aier Eye Hospital is actively promoting the allocation of quality medical resources in line with the national "graded diagnosis and treatment" policy [1] Investment Rating - The report maintains an "overweight" rating for Aier Eye Hospital [1]