Company Research - Microelectrophysiology (688351.SH) is a leading domestic company in cardiac electrophysiology, providing a comprehensive three-dimensional solution with strong technical barriers. The acceleration of domestic substitution and favorable policies are expected to drive significant performance growth. Additionally, the company's layout in pulse ablation and other sectors is anticipated to contribute to future growth potential [4]. - Taihe Co., Ltd. (301665.SZ) possesses global leading technology and production capacity in core products such as Bacillus thuringiensis and 2,4-D. In the first three quarters of 2025, the company's core product prices rebounded, leading to significant performance improvement. The newly registered pesticide, cyhalofop-butyl, is expected to contribute to additional performance. The company is also enhancing its product matrix by leveraging core processes to develop functional chemicals like tetrachloroethylene and m-phenylenediamine [5]. - Geekplus Technology (2590.HK) is recognized as a global leader in AMR warehousing, with expectations for a value reassessment driven by a "data-algorithm flywheel." The company has a solid position in the global market, with continuous commercialization capabilities. Its full-stack technology creates core barriers, leading to industry-leading efficiency. The effectiveness of its global layout is notable, with a profitability inflection point approaching, and it is entering the embodied intelligence sector, opening up long-term growth opportunities [6].