国际医学：公司财务状况稳健，债务风险可控

Core Viewpoint - The company maintains a stable financial condition with manageable debt risk despite a decrease in cash reserves and an increase in the debt-to-asset ratio [1] Group 1: Financial Performance - As of Q3 2025, the company reported a positive operating cash flow of 921 million [1] - The positive cash flow does not necessarily translate into an increase in cash reserves at the end of the period [1] Group 2: Debt Management - The company is actively managing its obligations, including payments to suppliers and equipment, which are not reflected in the operating cash flow [1] - The company perceives its debt risk as controllable and is focused on maintaining a healthy financial structure [1] Group 3: Fundraising Strategy - The company plans to raise 1 billion to support new business projects, aiming to avoid excessive use of operational funds and to optimize its capital structure [1] - The fundraising is aligned with the company's long-term development strategy [1]