"当前，公司国际业务进入到收获期，在聚焦基础医疗基础上实现了海外高端用户突破，今年实现开门 红。"安国柱介绍，迪瑞医疗近期在印度中标多台仪器标段，顺利为罗马尼亚雅西知名连锁实验室Praxis Laboratoarele完成LA-60SE实验室整体解决方案的安装与调试工作，相关设备已投入运行。此外，公司 本地化业务在俄罗斯、印尼、泰国、土耳其等地也将全面开始创收。 根据计划，2026年，迪瑞医疗将重点强化国际市场优势地位。公司在业务辐射120多个国家基础上确定 了"2+2+10"国际战略布局，选取10个国家作为进一步深度孵育的市场，有效夯实重点市场，提升综合 竞争力，促进公司国际业务发展。 转自：中国证券报·中证网 中证报中证网讯（记者 宋维东）迪瑞医疗董事会秘书安国柱1月30日在接受中国证券报记者采访时表 示，受市场竞争加剧、资产减值等因素影响，公司2025年经营面临阶段性挑战，国内市场业务发展在短 期内出现一定波动。公司正多措并举，积极推动国内市场业务企稳向好。同时要看到，公司近年来不断 加大国际市场投入，国际业务发展稳健并进入收获期，有力推动公司向外向型体外诊断企业转型。 迪瑞医疗积极布局海外市场超20年 ...

中证智能财讯硕世生物（688399）1月30日晚间披露2025年度业绩预告，预计2025年归母净利润亏损2940万元至4400万元，上年同期亏损200.17万元；扣非 净利润亏损8190万元至1.23亿元，上年同期亏损7183.71万元。以最新收盘价计算，市净率（LF）约2.03倍，市销率（TTM）约17.79倍。 以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 近年来市盈率变化情况（倍） 150 116.17 50 1883 0 2 82 - 50 - 100 -15 -200 -250 2022-06-30 ' 2021-12-37 2021-06-30 ' 2022-12-37 0-12-37 3-06-30 13-12-3- 2n- -○- 公司 -○- 行业均值 100 94,52 ହ 90 80 70 67o87 60 57:88 50 4476 40 30 26:05 20 10 d to #37 0 2027-12-37 | 2020-12-37 1 2022-12-37 3-06-30 ' 3-12-37 . 7-06-30 , 2022-06-30 ' 2n- ） 制图数 ...

Core Insights - Mingde Biological has initiated two equity acquisitions to focus on emergency rescue and in vitro diagnostic instruments, driven by declining COVID-19 testing business and increasing competition in the in vitro diagnostic industry [1][6] Group 1: Acquisition Details - On December 31, 2025, Mingde Biological signed a framework agreement with Blue Sail Medical to acquire 100% of Wuhan Bikaier Rescue Supplies Co., Ltd. for cash [2] - Wuhan Bikaier, a leader in emergency rescue, reported a revenue of 165 million yuan and a net profit of 13.87 million yuan in 2024, with a revenue of 75.8 million yuan and a net profit of 7.52 million yuan in the first half of 2025 [2] - The acquisition aims to enhance Mingde Biological's market position in critical care by integrating emergency protection services into industrial and household scenarios [2] Group 2: Second Acquisition - On January 20, 2026, Mingde Biological announced a plan to acquire 51% of Hunan Lanyi Medical Equipment Co., Ltd. for a total price of 35.71 million yuan, making it a subsidiary [3][4] - Hunan Lanyi focuses on IVD instruments and has significant potential in the market, particularly in glycosylated hemoglobin testing [4] - The acquisition includes performance commitments, with Hunan Lanyi required to achieve an average net profit of at least 20 million yuan over three years to trigger further acquisition phases [5] Group 3: Financial Performance - Mingde Biological's revenue has faced significant declines, with 2023 and 2024 revenues at approximately 750 million yuan and 350 million yuan, representing year-on-year declines of 92.88% and 53.30% respectively [6] - The company reported a net profit of approximately 74.93 million yuan in 2023, down 9.22% year-on-year, and a net profit of about 74.52 million yuan in 2024, down 0.54% year-on-year [6] - As of September 30, 2025, the company's cash reserves were 184 million yuan, a decrease of 63% from the beginning of the period [6]

Group 1 - The Nipah virus outbreak in West Bengal, India, has reported 5 confirmed cases, with a high fatality rate of 40%-75% and no approved vaccines or treatments available globally [2][10] - The outbreak has triggered a short-lived surge in the In Vitro Diagnostics (IVD) sector in the A-share market, with significant stock price increases for companies like Cap Bio and Zhijiang Bio on January 26, followed by a rapid decline [4][12] - The IVD industry's response to the outbreak reflects a short-term reaction pattern to public health events, indicating a need to shift focus from sporadic events to long-term value driven by policy support, growing health service demand, and technological upgrades [6][15] Group 2 - The high mortality rate of the Nipah virus and the absence of specific vaccines and effective therapies have become emotional anchors for market reactions [7] - The IVD sector's core companies have seen significant price adjustments, with many stocks down over 70% from their historical highs during the COVID-19 pandemic, leading to a perception of "low valuation + oversold" conditions [7][13] - The actual demand for testing related to the Nipah virus is insufficient to sustain prolonged stock price increases, as the virus has a low transmission efficiency and primarily causes localized outbreaks [13][19] Group 3 - The IVD industry is currently experiencing a transformation phase, moving away from reliance on sporadic pandemics to a focus on regular diagnostic needs driven by an aging population and increased health awareness [19][20] - The market for medical testing in China is projected to grow from 17.97 billion yuan in 2018 to 71.92 billion yuan by 2027, with a compound annual growth rate of 19.1% [19] - Policy support, such as the "14th Five-Year Plan for National Health," aims to enhance the medical testing industry, providing a framework for technological innovation and industry upgrades [19][20]

Core Viewpoint - The company, Jiukang Biotechnology, has evolved from a代理商 to a leading player in the IVD (in vitro diagnostics) industry in China, focusing on innovation and precision diagnosis to drive future growth [2][3]. Group 1: Company Development - Jiukang Biotechnology started as an代理商 for an international IVD brand and quickly gained recognition, becoming a service supplier for the national quality control products [3]. - The company has maintained a strong client base, with over 70% of top-tier hospitals in China being loyal customers [3]. - The company has significantly increased its R&D investment, with R&D accounting for 21% of sales revenue in the first three quarters of 2025, up from 14% in the same period of 2024 [3]. Group 2: Product Innovation - R&D efforts are focused on new products in areas such as pathology, chemiluminescence, and coagulation, leading to an increase in medical device registrations and patents [4]. - The company has launched new products, including a high-speed fully automated chemiluminescence immunoassay analyzer and a biochemical analyzer, enhancing its competitive edge in the market [4]. - Jiukang's first AI project, a prostate cancer AI interpretation software, has been developed and validated, with plans to expand into smart pathology products [4]. Group 3: Strategic Partnerships - The company aims to become a platform enterprise in the IVD sector, collaborating with leading international firms to leverage their strengths and expand into global markets [5]. - A strategic partnership with Abbott began in 2013, allowing Jiukang to share its patented processes for global product production, resulting in profit-sharing [6]. - In 2020, a significant partnership with China National Pharmaceutical Group (Sinopharm) was established, enhancing sales channels and accelerating growth, with Sinopharm becoming the largest shareholder [6]. Group 4: Industry Trends - The IVD industry in China is rapidly developing, with significant growth potential driven by medical reform and innovation [7]. - The industry is expected to undergo a transformation towards high-quality upgrades, with a focus on value competition rather than price competition [7]. - Emerging technologies such as molecular diagnostics and AI-assisted diagnostics are anticipated to become core competitive advantages, with an emphasis on domestic alternatives in high-end markets [7].

Group 1 - The company forecasts a net profit attributable to shareholders of the parent company for 2025 to be between RMB 40 million and RMB 48 million, representing a year-on-year decrease of 62.23% to 68.52% compared to the previous year [2] - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between RMB 26 million and RMB 32 million, reflecting a year-on-year decline of 68.23% to 74.19% [2] - The previous year's net profit attributable to shareholders of the parent company was RMB 127.07 million, with a net profit after deducting non-recurring gains and losses of RMB 100.73 million [4] Group 2 - The decline in net profit is primarily due to the impact of centralized procurement in the in vitro diagnostics industry, which has pressured product prices and led to a decrease in main business revenue [6] - The company has maintained high R&D investment to enhance core competitiveness, which has contributed to the profit decline [7] - There has been a reduction in government subsidies and other non-recurring gains compared to the previous year [8]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [13]. Core Insights - The company has been deeply engaged in the in vitro diagnostics field for thirty years, establishing a comprehensive product matrix of instruments and reagents with excellent performance. It has expanded horizontally into molecular diagnostics and biochemical diagnostics, solidifying its competitive advantage as a leader in chemiluminescence [3]. - As a pioneer in the overseas expansion of chemiluminescence, the company has seen rapid growth in overseas installations and revenue, exporting to 167 countries and establishing 14 overseas subsidiaries to enhance local operational capabilities. The report anticipates a performance acceleration phase in the next 3-5 years due to increasing domestic localization rates and faster entry into core hospitals and markets abroad [3]. Summary by Relevant Sections Chemiluminescence: Domestic and Overseas Growth - The global immunodiagnostics market is expected to grow from $18.9 billion in 2019 to $27.7 billion by 2024, with a compound annual growth rate (CAGR) of 8.0%. The Chinese market is projected to grow at a CAGR of 11.4% during the same period [8][33]. - In China, the market is expected to recover in 2026 after experiencing a decline in 2025 due to price reductions from centralized procurement and adjustments in value-added tax [8][41]. - The localization rate for chemiluminescence products has room for improvement, with over 70% already under centralized procurement. The localization rates for various categories are 66% for sex hormones, 59% for thyroid function, 53% for tumor markers, and 52% for glucose metabolism [8][47]. Product Performance and Market Share - The company maintains industry-leading product capabilities, with a coverage rate in top-tier hospitals increasing to 61%. It has developed a full range of products, including 12 models of instruments sold globally by mid-2025 [10]. - The innovative detection method has optimized reagent performance, achieving significant improvements in sensitivity and accuracy. The company’s market share in tumor markers and thyroid function projects is expected to grow significantly [10][84]. Overseas Market Localization and Growth - The company has established 14 overseas branches, focusing on localized operations. For example, in India, the company has built a robust agent network, with revenue expected to exceed 200 million yuan by 2024 [11]. - The overseas reagent segment is anticipated to be a significant growth driver, with overseas reagent revenue projected to reach 57% by 2024, compared to 80% in the domestic market [11]. Profit Forecast - The company is expected to achieve net profits of 1.65 billion yuan, 2.0 billion yuan, and 2.41 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 26X, 21X, and 18X [11].

中新网上海1月28日电 (李姝徵 狄权)不用办签证，48小时线上备案就入境；下飞机后，20多分钟就能直 达酒店……28日，快奥森多全球业务资深副总裁Bryan Hanson在上海东方枢纽国际商务合作区(以下简 称国际商务合作区)参加跨国年会时，向中新网记者表示："如此高效令人惊喜。" 图为上海东方枢纽国际商务合作区。狄权 摄 快奥森多是一家全球领先的体外诊断公司。1月26日至30日，2026快奥森多大亚太区年会在国际商务合 作区举行。这场聚集了来自11个国家、900余人的企业年会，没有繁琐的签证申请、排队通关流程，取 而代之的是"丝滑"的参会体验。这不是"专属福利"，而是国际商务合作区为全球商务人士提供的"来去 都方便"的高效体验。 作为中国首个以"最大程度便利人员跨境流动"为目标的特定政策区域，国际商务合作区允许全球各国持 有效邀请的受邀人员，免办签证等入境许可进入，一次入区可停留30天，并可根据需要申请延期。境外 人员在区内可叠加适用口岸签证、过境免签等便利化政策，从国际商务合作区进入上海市区或境内其他 地区。境内人员可以通过办理通行凭证入区。 国际商务合作区于2025年10月28日通过国家部委验收并进入 ...

公告中解释本次业绩变动的原因为： 报告期内，公司所处体外诊断行业受政策影响，一方面增值税税率调整影响，另一方面业务受到医疗行 业政策影响，量价承压，公司盈利能力下滑，若不考虑商誉减值计提因素，经公司测算 2025 年度归属 于上市公司股东的净利润预计在 3.6 亿-3.98 亿之间，预计较上年同期下降 32%-25%。 1、资产减值计提 公司控股子公司美创公司受医疗行业政策影响，量价承压，行业竞争日益加剧，经营受到很大影响，出 于谨慎性原则，判断相关资产组商誉存在减值迹象，公司本期拟计提商誉减值准备约 1.8 亿元。截至本 公告披露日，相关商誉减值测试工作尚在进行中，最终商誉减值准备计提金额，将在公司聘请的具备证 券期货从业资格的评估机构及审计机构进行评估和审计的基础上，由公司履行内部的相关程序后确定。 2、主营业务影响 证券之星消息，九强生物发布业绩预告，预计2025年全年归属净利润盈利1.8亿元至2.18亿元。 公司结合自身状况和行业环境，积极发展病理产业，优化业务结构，发挥自身的技术优势，通过新产品 研发丰富自身的产品线，同时优化产品工艺，通过国产替代进口等降低成本，提升盈利能力。 3、2025 年，预 ...

南财智讯1月28日电，九强生物发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 18,000万元—21,800万元，同比预减59.07%—66.21%；预计2025年全年归属于上市公司股东的扣除非经 常性损益的净利润为17,093万元—21,093万元，同比预减59.48%—67.16%。业绩变动原因说明：1、资 产减值计提：公司控股子公司美创公司受医疗行业政策影响，量价承压，行业竞争日益加剧，经营受到 很大影响，出于谨慎性原则，判断相关资产组商誉存在减值迹象，公司本期拟计提商誉减值准备约1.8 亿元。截至本公告披露日，相关商誉减值测试工作尚在进行中，最终商誉减值准备计提金额，将在公司 聘请的具备证券期货从业资格的评估机构及审计机构进行评估和审计的基础上，由公司履行内部的相关 程序后确定。2、主营业务影响：报告期内，公司所处体外诊断行业受政策影响，一方面增值税税率调 整影响，另一方面业务受到医疗行业政策影响，量价承压，公司盈利能力下滑，若不考虑商誉减值计提 因素，经公司测算2025年度归属于上市公司股东的净利润预计在3.6亿-3.98亿之间，预计较上年同期下 降32%—25%。公司结合自身状况 ...