孙淑玉 烟台报道 巡诊活动内容丰富、针对性强,涵盖学术交流、肾友科普、临床指导、患者会诊等多个环节,旨在精准对 接基层医疗需求,搭建院际协作桥梁,让基层患者在家门口就能享受到三甲医院的优质医疗服务。活动伊 始,专家团队与龙口市人民医院相关科室医护人员开展学术交流,围绕血管通路维护、并发症防治等临床 热点难点问题进行深入探讨,并分享烟台毓璜顶医院血管通路专科联盟的诊疗经验与技术成果,助力基层 医护人员提升专业素养。 为推动优质医疗资源下沉,切实提升基层医疗机构血管通路诊疗与护理水平,近日,烟台毓璜顶医院莱山院 区肾内科组织多学科专家团队走进龙口市人民医院,开展血管通路专科联盟巡诊活动。专家团队通过精 准诊疗、技术带教、健康宣教等多元形式,将三甲医院的专业服务送到基层患者身边,以实际行动践行专 科联盟协同发展、守护健康的初心使命。 技术赋能是专科联盟巡诊的核心要义。烟台毓璜顶医院肾内科副主任医师吴道诩在诊疗中发现,不少患 者曾因血管通路问题远赴外地就医,承受着舟车劳顿与额外开支的双重压力。对此,他详细介绍了联盟核 心技术超声PTA(经皮腔内血管成形术)的优势,这项技术凭借"即来即做、即做即透"的高效服务,让患者无 ...

1. Report Industry Investment Rating - Not provided in the content. 2. Core Viewpoints of the Report - In the context of the "package debt - resolution plan", Zhejiang provincial urban investment enterprises are seeking market - oriented transformation to break through the policy restrictions on new financing and enhance their self - hematopoietic ability. The report analyzes the new bond issuance and transformation of district - county - level urban investment enterprises in Zhejiang, finding that they have achieved some results in asset and income transformation, but the transformation effect in profit indicators is not obvious. Future transformation can be carried out in the directions of urban renewal, rural revitalization, industrial investment, and enhancing market - oriented attributes [4][46]. 3. Summary of Each Section 3.1 Introduction - Urban investment enterprises have accumulated a large amount of debt, and with relevant policies, new financing has been tightened. In 2024, the notice on standardizing the exit of financing platform companies was issued, prompting urban investment enterprises to seek transformation. Zhejiang is at the forefront of urban investment enterprise transformation, and this report explores the transformation directions of district - county - level urban investment enterprises in Zhejiang [4]. 3.2 New Bond Issuance in Zhejiang Province 3.2.1 Sample Screening - From January 2024 to the end of October 2025, 71 sample bonds were obtained, with a total issuance scale of 44.104 billion yuan, involving 42 sample enterprises [5]. 3.2.2 Regional and Administrative - Level Distribution - New bond - issuing enterprises are mainly distributed in 10 prefecture - level cities in Zhejiang, with Hangzhou, Ningbo, and Jiaxing having the most issuing subjects. District - county - level subjects are the most numerous, with those in Hangzhou being the most prominent. There are 14 municipal - level subjects, mainly in Shaoxing and Wenzhou, and the least are park - level subjects, all in Ningbo [6]. 3.2.3 Distribution of Existing and New Entities - Most new bond - issuing enterprises are existing entities, and the number of first - time issuers in each city does not exceed 2. Among the sample enterprises, 31 are existing entities and 11 are first - time issuers, with the latter mainly in Hangzhou, Huzhou, etc. District - county - level first - time issuers are more numerous, while park - level first - time issuers are fewer [7]. 3.3 Transformation Directions of District - County - Level Urban Investment Enterprises in Zhejiang Province 3.3.1 Characteristics of New Bond - Issuing District - County - Level Entities - There are 25 district - county - level sample enterprises, divided into three categories: those with strong urban investment attributes and initial exploration of market - oriented business (8 enterprises, 32%); those with strong industrial attributes and high marketization (9 enterprises, 36%); and those with high business diversification around urban operations (8 enterprises, 32%) [12]. 3.3.2 Performance of Transformation Indicators - **Indicator Selection**: Lower proportion of urban - construction assets, higher proportion of equity - fund investment and self - operated project investment indicate greater efforts in expanding market - oriented business; lower proportion of urban - investment income indicates a higher degree of marketization; lower proportion of government subsidies in net profit indicates less dependence on government subsidies, and higher proportion of investment income in net profit indicates greater contribution of equity - fund investment to profit [17]. - **Overall Performance of Transformation Indicators**: In terms of assets, the proportion of external investment and self - operated projects has increased, but the proportion of urban - construction assets has not decreased; in terms of income, the business segments have become more diverse, and the proportion of urban - construction income has decreased; in terms of profit, government subsidies still contribute significantly, and the contribution of investment income has increased, but the transformation effect in profit indicators is not obvious [19]. 3.3.3 Case Analysis - **Hangzhou Gongshu District State - owned Capital Holding Group Co., Ltd.**: Externally, it has good industrial resources and government support. Internally, the acquisition of Rundach Medical has changed its income structure, and equity and fund investment have enhanced its industrial attributes. In terms of transformation effects, the proportion of equity and fund investment and self - operated project investment has increased, the proportion of urban - construction income has decreased, the contribution of investment income to profit has increased significantly, and it has made achievements in industrial introduction [23][32]. - **Yiwu State - owned Capital Operation Co., Ltd.**: Externally, the government's equity integration has laid the foundation for its market - oriented attributes. Internally, through business operations and project implementation, its industrial attributes have been continuously enhanced. In terms of transformation effects, its asset scale has expanded, the proportion of urban - construction income has decreased, the contribution of investment income to profit has increased, and it has promoted the development of the small - commodity trade industry [33][39]. - **Longyou County State - owned Assets Management Co., Ltd.**: Externally, government support has promoted its transformation. Internally, through asset transfer, business expansion, and industrial chain extension, it has improved its market - oriented business. In terms of transformation effects, its asset scale has increased, the proportion of urban - construction assets has decreased, the proportion of market - oriented business income has increased, and the contribution of investment income to profit has increased significantly [40][45]. 3.4 Summary - New bond - issuing enterprises in Zhejiang are mainly existing district - county - level entities. The transformation of district - county - level urban investment enterprises in Zhejiang has achieved some results in assets and income, but the transformation in profit indicators is not obvious. Future transformation directions include becoming project implementation and operation subjects, participating in rural revitalization, participating in regional investment promotion and industrial development, and enhancing market - oriented attributes [46].

Core Viewpoint - Haijia Medical (06078) anticipates a decline in revenue and net profit for 2025, primarily due to goodwill impairment and increased operational costs [1] Financial Projections - The company expects revenue for 2025 to be approximately RMB 4.0–4.5 billion, representing a year-on-year decrease of about 9% to 10% [1] - Net profit is projected to be around RMB 140–200 million, reflecting a significant year-on-year decline of approximately 66% to 76% [1] - Adjusted net profit is estimated at RMB 450–490 million, indicating a year-on-year decrease of about 19% to 25% [1] - Cash generated from operating activities is expected to be between RMB 940–1,000 million, showing a year-on-year increase of approximately 33% to 41% [1] Factors Influencing Performance - The decline in revenue, net profit, and adjusted net profit is attributed to industry and macroeconomic impacts, as well as increased startup costs and depreciation expenses from newly opened hospitals [1] - The anticipated drop in net profit for the year ending December 31, 2025, is also significantly influenced by the goodwill impairment provision related to Etern Group Ltd. [1] - The company has conducted a careful assessment of its operational and financial performance, along with future business prospects, to determine the necessity and amount of the impairment and provision [1]

Core Viewpoint - The company, Haijia Medical (06078), anticipates a revenue decline of approximately 9% to 10% for 2025, with projected revenues between RMB 4.0 billion and 4.05 billion [1] Financial Performance Summary - The expected net profit for 2025 is projected to be between RMB 1.4 billion and 2.0 billion, reflecting a significant decrease of approximately 66% to 76% primarily due to goodwill impairment [1] - Adjusted net profit is forecasted to be between RMB 4.5 billion and 4.9 billion, indicating a year-on-year decline of about 19% to 25% [1] - The net cash generated from operating activities is expected to be between RMB 9.4 billion and 10.0 billion, showing an increase of approximately 33% to 41% year-on-year [1] Factors Influencing Performance - The decline in revenue, net profit, and adjusted net profit is attributed to industry and macroeconomic impacts, as well as increased startup costs and depreciation expenses from newly opened hospitals [1] - The net profit decrease for the year ending December 31, 2025, is also significantly influenced by the goodwill impairment provision related to Etern Group Ltd. [1] - The company has conducted a careful assessment of its operational and financial performance, as well as the future prospects of its business, to determine the necessity and amount of the impairment and provision [1]

格隆汇1月30日丨美迪西(688202.SH)公布，经公司财务部门初步测算，预计2025年度将出现亏损，公司 实现归属于母公司所有者的净利润为-18,600万元到-12,400万元，与上年同期（法定披露数据）相比， 亏损预计减少14,485万元到20,685万元，同比减亏43.78%至62.52%。预计2025年年度实现归属于母公司 所有者的扣除非经常性损益后的净利润为-20,400万元到-13,600万元，与上年同期（法定披露数据）相 比，亏损预计减少14,371万元到21,171万元，同比减亏41.33%至60.89%。 报告期内，公司归属于母公司所有者的净利润以及归属于母公司所有者的扣除非经常性损益后的净利润 较上年同期实现大幅减亏，主要系公司加快全球化战略布局，充分发挥研发平台资源和优势，实现营业 收入预计同比增长约12%，其中境外主营业务收入占比预计提升至约47%。公司在推动营业收入增长的 同时，持续深化降本增效，加强成本管控，综合毛利率预计同比提升约11个百分点，盈利能力稳步改 善，实现亏损规模大幅收窄。 ...

格隆汇1月30日丨美迪西(688202.SH)公布，经公司财务部门初步测算，预计2025年度将出现亏损，公司 实现归属于母公司所有者的净利润为-18,600万元到-12,400万元，与上年同期（法定披露数据）相比， 亏损预计减少14,485万元到20,685万元，同比减亏43.78%至62.52%。预计2025年年度实现归属于母公司 所有者的扣除非经常性损益后的净利润为-20,400万元到-13,600万元，与上年同期（法定披露数据）相 比，亏损预计减少14,371万元到21,171万元，同比减亏41.33%至60.89%。 报告期内，公司归属于母公司所有者的净利润以及归属于母公司所有者的扣除非经常性损益后的净利润 较上年同期实现大幅减亏，主要系公司加快全球化战略布局，充分发挥研发平台资源和优势，实现营业 收入预计同比增长约12%，其中境外主营业务收入占比预计提升至约47%。公司在推动营业收入增长的 同时，持续深化降本增效，加强成本管控，综合毛利率预计同比提升约11个百分点，盈利能力稳步改 善，实现亏损规模大幅收窄。 ...

格隆汇1月30日｜润达医疗公告，预计2025年度实现归属于母公司所有者的净利润为-5.65亿元到-4.71亿 元，与上年同期相比，将出现亏损。预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利 润为-5.88亿元到-4.9亿元。 ...

保险家论道 保险与医疗健康领域的"支付+服务"融合趋势日益凸显，"医险协同"正成为健康险公司突破同质化竞争、打造品牌优势的核心赛道。面对政策 引导、需求升级与行业转型的多重机遇，健康险公司应如何超越"支付方"的传统角色，全面融入"医险协同"的价值链条？ 本期《清华金融评论》保险家论道专栏特邀平安健康保险、北大医疗集团董事长朱友刚 ，从专业健康险公司的视角，解析"医险协同"转型逻 辑与实践路径，为行业发展提供参考。 01 医险协同 专业健康险公司的必然转型方向 近年来，在政策引导、需求升级与行业转型的多重推动下，保险与医疗健康领域的融合不断深化。尤其对于专业健康险公司而言，单纯作为"支付 方"的角色已难以适应市场发展与客户期待。医险协同，即保险与医疗服务的深度结合，正成为健康险公司突破同质化竞争、构建核心竞争力的战略 路径。这一转型不仅是行业趋势，更是企业可持续发展的内在要求。 从外部环境看，我国医疗健康体系长期存在 "重治疗、轻预防与康复"的结构性短板，导致医疗资源分布不均、医疗费用持续攀升。与此同时，伴随 人口老龄化加速、慢性病发病率上升以及居民健康管理意识增强，公众对健康服务的需求已从"病后治疗"延伸至" ...

"远程手术最怕信号延迟。"杨杰表示，团队术前对5G网络进行了反复测试，将双向传输延迟严格控制在20毫秒以内，确保了操作反馈的即时与精准，力 求如同在患者身边手术一样。 (江苏省肿瘤医院手术室内，杨杰主任手术中) 其中一位患者是74岁的王奶奶(化名)，她因"感冒"就医时意外发现左肾肿瘤。考虑到患者高龄、体质较弱，传统手术创伤大、恢复慢，江苏省肿瘤医院与 医联体单位连云港市第二人民医院(连云港市肿瘤医院)经过充分评估，决定为其实施远程单孔机器人手术，让患者免于奔波，在家门口即可获得省级专家 的精准治疗。 "单孔手术的难度，犹如在一个狭小的通道内进行精细'雕刻'。"江苏省肿瘤医院泌尿外科主任医师杨杰介绍，与传统腹腔镜手术需开4个切口不同，单孔 机器人手术仅需一个约3厘米的切口，所有器械经同一通道进入，对操作精度和设备性能要求极高，远程操作的容错率更低。 扬子晚报讯(通讯员胥林花周威蒋雯吴梦然记者万惠娟)1月29日上午，一场跨越300多公里的特殊手术在江苏成功实施。江苏省肿瘤医院的专家在南京通过 5G网络，远程操控位于连云港的单孔手术机器人，成功为两名患者完成肾肿瘤剜除术。据悉，这两台手术为全球范围内首次实施的同类型 ...

（记者 王晓波） 每经头条（nbdtoutiao）——核电建设热潮下，设备厂忙到"飞起"！订单已排至2028年，员工三班倒， 产线24小时不停 每经AI快讯，美迪西1月30日晚间发布业绩预告，预计2025年年度实现归属于母公司所有者的净利润 为-1.86亿元到-1.24亿元，与上年同期相比，亏损预计减少约1.45亿元~2.07亿元，同比减亏 43.78%~62.52%。业绩变动主要原因是，报告期内，公司归属于母公司所有者的净利润以及归属于母公 司所有者的扣除非经常性损益后的净利润较上年同期实现大幅减亏，主要系公司加快全球化战略布局， 充分发挥研发平台资源和优势，实现营业收入预计同比增长约12%，其中境外主营业务收入占比预计提 升至约47%。公司在推动营业收入增长的同时，持续深化降本增效，加强成本管控，综合毛利率预计同 比提升约11个百分点，盈利能力稳步改善，实现亏损规模大幅收窄。 ...