Core Viewpoint - The establishment of the "Brain-Computer Interface and Big Health Joint Laboratory" between Dineike and the University of Science and Technology of China aims to enhance research and development in brain signal processing and analysis, contributing to the "Healthy China" initiative through innovative technology [1] Group 1 - The joint laboratory was officially inaugurated on January 27, 2026, at the Future Center of the University of Science and Technology of China [1] - The collaboration will focus on developing more accurate and intelligent algorithm models for brain signal processing [1] - Key figures present at the inauguration included Professor Chen Xun, Vice President of the Advanced Technology Research Institute, and Mr. Miao Guodong, Chairman of Dineike [1] Group 2 - The partnership aims to drive technological breakthroughs and product transformation in specific application scenarios related to brain-computer interface technology [1] - This initiative is positioned to inject new technological momentum into the construction of a "Healthy China" [1]

Core Viewpoint - The recent approval of two medical device industry standards by the National Medical Products Administration (NMPA) marks a significant step towards the high-quality development of brain-computer interface (BCI) technologies in the medical field, providing essential support for standardization and regulation [1][2][3] Standardization and Industry Development - The establishment of standards is crucial for the rapid development of the BCI industry, which currently faces challenges such as terminology confusion, fragmented technology layout, and lack of unified regulations [2][9] - As of early 2026, there are 2,041 BCI-related patents in China, with over 90% being invention patents, and a peak of 391 applications in 2024 [2][9] - The BCI market in China is projected to reach 3.2 billion yuan in 2024, growing by 18.8% year-on-year, and is expected to reach 5.58 billion yuan by 2027, with a growth rate of 20% [2][9] Regulatory and Policy Framework - The "14th Five-Year Plan" identifies BCI as one of the six key future industries, indicating its transition from a frontier technology to a new engine for national economic growth [11] - The NMPA has prioritized the approval of implantable BCI medical devices, expediting the market entry of innovative products [11][12] - The implementation of government pricing for BCI surgeries in 2025 signifies the integration of BCI technology into standardized medical services [11] Commercialization and Market Trends - The BCI industry is entering a critical year for commercialization, driven by policy support, technological advancements, and clinical breakthroughs [12] - Investment enthusiasm in the BCI sector remains high, with 18 financing events recorded from January 2025 to the present, and BCI-related stocks have seen significant price increases [5][12] - The first rechargeable, closed-loop BCI device was successfully implanted in a patient, showcasing the clinical application potential of BCI technology [5][12] Future Directions and Applications - The future development of BCI technology is expected to focus on active applications for neural modulation, multi-modal integration, and the enhancement of functions beyond mere restoration [6][13] - The vision outlined in the "Implementation Opinions" aims to cultivate 2 to 3 globally influential leading enterprises and a number of specialized small and medium-sized enterprises by 2030, forming a complete industrial ecosystem [13]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002173 证券简称：创新医疗 公告编号：2026-005 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 1、本报告期归属于上市公司股东的净利润出现同比上升，主要系：公司增持博灵脑机股权并将该公司 纳入合并报表范围，根据《企业会计准则第33号——合并财务报表》第四十八条的规定，确认了相应的 投资收益；李晔案件再审改判后，建华医院收到了法院返还的被执行款项，并由此确认了营业外收入。 2、本报告期扣除非经常性损益后的净利润出现同比下降，主要系：在医保政策以及医保支付标准持续 调整的行业背景下，康华医院、建华医院对短期盈利预期的不确定性进行了审慎评估，本报告期确认的 递延所得税资产同比减少，导致所得税费用出现同比上升。 四、风险提示 一、预计的本期业绩情况 1、业绩预告期间：2025年1月1日至2025年12月31日。 2、业绩预告情况：预计净利润为负值。 单位：万元 二、与会计师事务所沟通情况 公司已就业绩预告有关事项与会计师事务所进行预沟通，公司与会计师事务所在业绩预告方面不存在分 歧。 三、业绩变 ...

市场成长性越强，对全球资源越具有吸引力。中国市场正是凭借极强的成长性，吸引外资布局中国 近期发布的两则新闻，很值得关注。 一则是，2025年，中国货物进口规模再创新高，达18.5万亿元。另一则是中国美国商会发布的调查报告 显示，对中国市场增长持乐观态度的受访在华美企比例显著上升，七成以上企业不考虑转移在华业务， 近六成企业计划加大在华投资。在世界开放指数下滑、部分大宗商品国际市场价格下行的大背景下，中 国大市场的魅力凸显。 成长性，得益于消费升级新需求。 时下，车厘子大量上市。不少消费者有这种感受：进口水果的价格更亲民了，实现"水果自由"的内涵更 丰富了。从欧洲的红酒、巧克力，到南美洲的肉类、鱼虾，再到大洋洲的乳品，全球好物纷至沓来，不 断满足人民美好生活需要。 政策引领，促需求释放。去年，消费品以旧换新政策惠及超3.6亿人次，带动相关商品销售额超2.6万亿 元。2025年，内需对经济增长的贡献率超67%，其中消费贡献率达52%，比上年提高5个百分点。英国 《金融时报》刊文："不要低估中国消费者。" 成长性，得益于产业结构持续优化。 庞大需求激发创新创造。人工智能大模型加速奔跑，脑机接口迈向产业化，低空经济振 ...

Core Insights - The Ministry of Civil Affairs has issued guidelines to promote technological innovation in civil affairs, aiming to establish a civil affairs technology innovation fund to support the research, industrialization, and application of suitable technology products by 2030 [1] Group 1: Key Objectives - By 2030, the goal is to enhance the civil affairs technology innovation system, increase technological investment, improve innovation levels and efficiency, and achieve breakthroughs in key core technologies [1] - The initiative aims to foster a batch of landmark technological achievements and significantly increase the localization rate of high-end equipment and products [1] Group 2: Strengthening Core Technology - The guidelines emphasize the need for technological support in the aging and elderly care sectors, advocating for the use of advanced technologies such as humanoid robots, brain-computer interfaces, and artificial intelligence [2] - Key areas for technological development include disability prevention, elderly care, rehabilitation, mental comfort, and emergency response, with a focus on integrating and scaling up product applications [2] Group 3: Promoting Technology Transfer - The guidelines propose leveraging urban clusters like Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area to build high grounds for civil affairs technology industry innovation [3] - There is a focus on developing the elderly care service industry, particularly in smart elderly care robots and products, and expanding the application of new technologies in the rehabilitation assistive devices sector [3] Group 4: Organizational Support - The guidelines call for improving investment mechanisms and actively seeking national science and technology projects to bolster civil affairs technology innovation [3] - Encouragement is given for local governments to establish specialized funds for civil affairs technology innovation and to effectively coordinate financial resources to support this sector [3]

Core Insights - The Ministry of Civil Affairs has issued guidelines to promote technological innovation in civil affairs, aiming to establish a civil affairs technology innovation fund to support the research, industrialization, and application of suitable technology products by 2030 [1] Group 1: Goals and Objectives - The main objective is to enhance the civil affairs technology innovation system, increase technological investment, improve innovation levels and efficiency, and achieve breakthroughs in key core technologies by 2030 [1] - The initiative aims to foster a batch of landmark technological achievements and significantly increase the localization rate of high-end equipment and products [1] Group 2: Key Areas of Focus - Emphasis on strengthening technological support in the aging and elderly care sectors, utilizing advanced technologies such as humanoid robots, brain-computer interfaces, and artificial intelligence for various applications [1] - Development of critical technology equipment for elderly care, including meal assistance, mobility support, and emergency response systems [1] Group 3: Technological Innovations in Rehabilitation and Funeral Services - Focus on technological innovation in rehabilitation aids and funeral services, including the development of exoskeleton robots, smart prosthetics, and rehabilitation aids for mental health patients [2] - Promotion of the application of large language models and brain-computer interfaces in the rehabilitation of disabled children [2] Group 4: Industrial Development and Support Mechanisms - Encouragement of industrial innovation in civil affairs by leveraging the advantages of major urban clusters, aiming to create a highland for civil affairs technology industry innovation [2] - Support for the development of the elderly care service industry, particularly in smart elderly care products and services [2] Group 5: Organizational Support and Funding Mechanisms - The guidelines propose improving investment mechanisms and encouraging local governments to establish dedicated civil affairs technology innovation funds [3] - Emphasis on mobilizing social capital and establishing a diversified funding mechanism to support civil affairs technology innovation [3]

Core Viewpoint - The recent approval of two medical device industry standards by the National Medical Products Administration (NMPA) marks a significant step towards the high-quality development of brain-computer interface (BCI) technologies in the medical field, providing essential support for standardization and regulation [1][2]. Group 1: Standardization and Development - The two newly established standards focus on the design and application of BCIs for medical devices, specifically addressing issues related to motor function rehabilitation and the reliability of invasive devices [7]. - The BCI market in China is projected to reach 3.2 billion yuan in 2024, with an 18.8% year-on-year growth, and is expected to grow to 5.58 billion yuan by 2027, reflecting a 20% growth rate [6]. - The establishment of these standards is a response to the challenges faced by the BCI industry, including terminology confusion, fragmented technology layout, and lack of unified regulations, which have hindered rapid development [6][7]. Group 2: Policy and Industry Resonance - Recent policies have positioned BCIs as a key future industry, with the 14th Five-Year Plan highlighting their potential as a new engine for economic growth [9]. - The NMPA has prioritized the approval of implantable BCI medical devices, expediting the market entry of innovative products [9]. - The commercial process for BCIs is expected to accelerate, with significant policy support and technological advancements driving rapid industry growth [10]. Group 3: Future Development and Market Dynamics - The future vision for the BCI industry includes cultivating globally influential leading enterprises and a number of specialized small and medium-sized enterprises by 2030 [11]. - Potential applications in the medical field are expected to expand beyond mere functional restoration to include "functional enhancement" applications, utilizing a combination of multiple devices and technologies [11].

Group 1: AI Governance - The term "AI governance" ranks first among the "Top Ten Technology Buzzwords" for 2025, indicating a recognition within the Chinese tech community that technological excellence must align with governance wisdom for sustainable development [1] - The emphasis on AI governance reflects public concerns regarding AI ethics and safety, marking a global shift from "technology catching up" to "rule shaping" [1][2] - AI governance is described as a systematic project that integrates technological control, legal regulations, industry collaboration, and public education, aiming to guide AI development in alignment with human common interests [1] Group 2: Emerging Technologies - "Embodied intelligence" is included in the government work report for the first time in 2025, signaling a positive policy direction aimed at advancing AI technology and fostering new industrial development [4] - The International Thermonuclear Experimental Reactor (ITER) organization announced a milestone achievement in controlled nuclear fusion technology, with China playing a crucial role in this international collaboration [5] - Significant progress has been made in the brain-computer interface industry in 2025, with breakthroughs in core technologies and applications, laying a solid foundation for large-scale development [6] Group 3: Commercial Space and Deep Technologies - China's commercial space industry has gained attention, with operational capabilities established at various launch sites and a growing number of private rocket companies achieving successful launches [7] - "Deep-sea technology" is highlighted in the government work report as a new industry to be promoted, particularly in the context of the Hainan Free Trade Port [8] - The successful launch of the Tianwen-2 probe marks a significant step in China's deep space exploration efforts, following previous lunar and Mars missions [9] Group 4: Aging Population and Smart Technology - The intersection of aging population and technological revolution is driving innovation in "silver economy" technologies, with the establishment of a technology park in Shanghai aimed at enhancing elderly care services [10] - 2025 is projected to be the year of industrialization for "intelligent agents," with IDC predicting that by 2026, about 50% of data teams in China's top 500 companies will utilize intelligent agents for data preparation and analysis [11] Group 5: Innovation Recognition - "Chinese innovation" is recognized as a global buzzword in 2025, with China's innovation index ranking among the top ten worldwide, showcasing remarkable achievements in technology [12]

Group 1 - The company is currently focused on medical device agency business within its smart healthcare sector and has not yet ventured into the brain-computer interface field [1] - The company plans to continuously monitor developments and applications in cutting-edge technology areas and explore opportunities for integrating relevant technologies with its existing business [1]

Core Viewpoint - The event "Praise for China's Economy - Entrepreneur Night" highlighted the achievements of Qiangnao Technology, a leader in non-invasive brain-computer interface technology, and its impact on improving the lives of disabled individuals [1][8]. Group 1: Company Achievements - Qiangnao Technology, led by CEO Han Bicheng, has become a global leader in non-invasive brain-computer interface technology, breaking foreign monopolies and turning science fiction into reality through ten years of technological innovation [3][10]. - The company has developed advanced products such as intelligent bionic hands and legs, which have restored life capabilities to disabled individuals and provided hope to over a thousand children with autism [3][10]. - The company aims to use cutting-edge technology to help approximately 5 million people in China with limb disabilities regain their ability to work and live independently [4][12]. Group 2: Social Impact - The technology developed by Qiangnao is not just about high-tech solutions but focuses on restoring the lives of individuals who have faced significant challenges due to disabilities [6][13]. - A notable case involved a user who had lost a hand for 27 years, who expressed that the technology allowed him to feel as if he had his hand back after successfully using a bionic prosthetic to grasp a cup [6][13]. - The company is also working on products aimed at addressing sleep issues, highlighting the broader applications of brain-computer interface technology in improving quality of life [7][14].