Core Viewpoint - OGAWA's stock price closed at 6.92 yuan on August 18, 2025, reflecting a slight decline of 0.01 yuan or 0.14% from the previous trading day, with a trading volume of 119,800 hands and a transaction amount of 83 million yuan [1] Company Overview - OGAWA specializes in the research, development, production, and sales of massage equipment, including massage chairs and small electrical health products [1] - The company owns several proprietary brands, including "OGAWA," "FUJIMEDIC," and "Joypal," which is also included in its consolidated financial statements [1] Recent Developments - The company announced that its "intelligent massage robot based on traditional Chinese medicine acupoint theory" project successfully passed the acceptance by Xiamen Science and Technology Bureau in 2024, receiving government project support, highlighting its R&D capabilities in the smart health sector [1] Financial Insights - On August 18, 2025, the net inflow of main funds was 5.72 million yuan, with a cumulative net inflow of 32.35 million yuan over the past five days, indicating a certain level of capital interest [1]

Core Viewpoint - Le Xin Medical has shown significant improvement in profitability and cash flow in the first half of 2025, with positive developments in AI digital chronic disease management [1][2]. Financial Performance - In the first half of 2025, Le Xin Medical achieved operating revenue of 521 million yuan, a year-on-year increase of 4.57% [1]. - The net profit attributable to shareholders reached 42.29 million yuan, up 21.35% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 38.07 million yuan, reflecting a year-on-year growth of 17.57% [1]. - The net cash flow from operating activities increased by 46.80%, amounting to 48.25 million yuan [1]. Business Development - The company is building a comprehensive health management ecosystem based on "hardware + data + AI + services" [1]. - In the consumer medical device sector, Le Xin Medical continues to expand its product range, including electronic blood pressure monitors, body fat scales, blood glucose meters, and smart wristbands, while collaborating with international brands like Braun and Philips [1]. Remote Health Management - Le Xin Medical's remote health management (RPM) sector is steadily developing, with ongoing services for key clients such as Teladoc and Livongo [2]. - The company has made substantial progress in AI digital chronic disease management, particularly in cardiovascular disease risk screening and remote ECG services, establishing a complete technical chain from data collection to AI intervention [2]. Research and Development - In the first half of 2025, Le Xin Medical continued to invest in R&D for smart rings, multi-lead ECG machines, and remote blood glucose meters, aiming for a diversified and comprehensive health monitoring scenario [2]. - The company has achieved technical milestones in AI algorithms for chronic disease intervention, focusing on cardiovascular models, CMR image generation, and atrial fibrillation screening [2]. Shareholder Returns - The company proposed a mid-term profit distribution plan, intending to distribute a cash dividend of 1.30 yuan (tax included) for every 10 shares, with a total expected dividend of approximately 28.25 million yuan [2]. Future Outlook - Le Xin Medical aims to leverage its synergies in smart hardware, data integration, and AI algorithms to expand market coverage and solidify its dual-driven business development model of "smart health + medical services" [2].