Core Viewpoint - United Imaging Healthcare is a leading domestic medical imaging equipment manufacturer with strong long-term growth momentum [1] Short-term Outlook - The upcoming new round of equipment renewal projects in 2025 is expected to drive continued improvement in domestic industry bidding trends, following the positive trend observed in the first half of the year [1] - Overseas revenue is anticipated to accelerate growth in the second half of the year, with overall performance expected to achieve high growth on a low base [1] - Adjustments to domestic large medical equipment configuration policies are likely to gradually release demand for mid-to-high-end and high-end products [1] Competitive Advantages - The company is expected to enhance its market share due to advantages in core components, product strength, brand recognition, and distribution channels [1] Mid-term Outlook - The overseas market presents significant growth potential, with the company's overseas revenue share continuously increasing, which is expected to contribute flexibility to the overall growth of the group [1] Long-term Strategy - The company is committed to increasing R&D investment and continuously upgrading its products, which is likely to maintain its leading position in the industry [1] Investment Rating - The company maintains a "Buy" rating [1]