Group 1: Market Overview - The global capital is increasingly focusing on the medical device distribution sector, with Medline Industries planning a potential IPO that could exceed a valuation of $50 billion, marking it as the largest IPO in the medical device industry by 2025 [1] - The Chinese medical device market is projected to reach a scale of 1.2 trillion yuan by 2024, with a significant acceleration towards intelligent supply chain solutions [2] - The traditional high-value consumables distribution in China remains fragmented and inefficient, with over 1.42 million companies involved, leading to long order processing times and inefficiencies [2] Group 2: Company Innovations - Jianfa Zhixin has recently listed on the ChiNext board, showcasing its innovative capabilities in reconstructing the supply chain value system [3] - The company has established a comprehensive medical supply chain hub, covering all provinces in China and serving over 3,300 medical institutions, with a focus on high-value interventional products [5] - Jianfa Zhixin's business model innovation includes a dual approach of direct sales and distribution, enhancing its service capabilities and collaboration with leading manufacturers [5] Group 3: Operational Efficiency - The company has implemented a Supply Chain Management (SPD) service model that addresses hospital management pain points, significantly improving operational efficiency [6][9] - Jianfa Zhixin has provided full-process operational services to 60 hospitals, managing over 10 billion yuan, with a notable recognition as a pilot unit for hospital logistics service standards [7] - The SPD model has demonstrated substantial improvements in resource allocation efficiency, reducing material requisition times and error rates in hospitals [9] Group 4: Digital Transformation - The company has built a robust digital supply chain management system, leveraging information technology and IoT to enhance operational efficiency and compliance [10] - Jianfa Zhixin's unique identification management technology addresses traditional coding issues, ensuring regulatory compliance and facilitating data flow from production to usage [10] Group 5: Market Potential and Capital Dynamics - The high-value medical device market in China has shown significant growth, with a compound annual growth rate of 15.79% from 2016 to 2023, providing a favorable environment for Jianfa Zhixin [12] - The capital market is experiencing a recovery, creating a conducive environment for Jianfa Zhixin's growth and valuation enhancement [15] - Analysts predict continued investment opportunities in the medical device sector, with a focus on undervalued stocks and supportive policies for innovation [18] Group 6: Strategic Outlook - The company's fundraising efforts will focus on upgrading information systems and enhancing centralized operations for medical consumables, reflecting a deep understanding of industry trends [19] - As management and business models continue to evolve, Jianfa Zhixin is expected to play a leading role in industry consolidation, with the capital market reassessing the value of leading companies in the medical device distribution sector [19]

Group 1 - The company is currently focused on distribution activities for surgical robot products and is not engaged in research and manufacturing [1] - There are no recorded research and development expenses for medical brain-machine interfaces and humanoid robots [1] - The existing research funding is primarily invested in the digitalization of medical device distribution, including business systems, data platforms, and SPD information systems [1]

Group 1 - The company is a key unit in the central and state-owned enterprise reform, focusing on medical surgical robots [2] - Currently, the company mainly engages in distribution activities for surgical robot products and does not conduct research and development or manufacturing [2] - There are no recorded research and development expenses for medical brain-machine interfaces and humanoid robots [2] Group 2 - The existing research and development funds are primarily invested in the digitalization of medical device distribution, including business systems, data platforms, and SPD information systems [2]

Group 1 - Shanghai C&D INNOSTIC Medical Technology Group Co., Ltd. successfully held its IPO ceremony on September 25 [2] - The company, founded in 2010 and headquartered in Shanghai, is a national medical device distributor and part of the C&D Group [3] - The company engages in direct sales and distribution of medical devices and provides centralized operation services for medical consumables to hospitals, maintaining long-term partnerships with over 100 well-known domestic and international high-value medical device manufacturers [3] Group 2 - Chairman Yu Feng emphasized that the company will leverage its listing as an opportunity to utilize capital market resources, focusing on industry pain points and enhancing hospital scenarios [9] - The company aims to embrace the intelligent era and actively serve the public and society, with a commitment to delivering better operational performance to shareholders and contributing to society [9]

Group 1 - The company is currently focused on distribution activities for surgical robot products and does not engage in research and manufacturing [1] - There are no recorded research and development expenses related to medical brain-machine interfaces and humanoid robots [1] - The existing research funding is primarily invested in the digitalization of medical device distribution, including business systems, data platforms, and SPD information systems [1]

Group 1 - The company is currently focused on distribution activities for surgical robot products and does not engage in research and manufacturing [1] - There are no recorded research and development expenses related to medical brain-machine interfaces and humanoid robots [1] - The existing research funding is primarily invested in the digitalization of medical device distribution, including business systems, data platforms, and SPD information systems [1]

9月25日， 上海建发致新医疗科技集团股份有限公司（简称"建发致新"）正式在深交所创业板挂牌上市。公司股票发行价格为7.05元/股，开盘价36元/股， 随后股价一路冲高至46.20元/股，盘中涨幅一度超过550%，截至收盘，公司股价为36.56元/股，上涨418.58%，总市值约154亿元。 2022年至2024年，公司营业收入从118.82亿元增长至179.23亿元，年均复合增长率达22.81%。2024年公司净利润达到2.74亿元，较2022年的1.89亿元相 比，三年复合增长率超过20%，显示了公司在医疗器械集中带量采购政策下良好的产业政策适应能力和发展潜力。 此次上市，建发致新预计实际募集资金总额4.46亿元，通过募集资金投资项目，持续加强信息系统的建设和SPD业务项目拓展建设，这些新增投资将进一 步提升公司精细化、智能化管理能力，为公司快速扩大的业务规模与精益管理提供有力的技术支撑。 建发致新董事长余峰表示，将以上市为契机、借助资本市场的力量，继续秉持"专业创造价值，为生命健康提供更有品质的服务"的企业使命，聚焦产业链 痛点，深耕医院场景，积极拥抱智能化时代，主动服务国家、区域和城市发展大局。 文字 ...

Core Viewpoint - Jianfa Zhixin has successfully listed on the Shenzhen Stock Exchange's ChiNext board, with a closing stock price of 36.56 yuan per share on September 25, representing a significant increase of 418.58% and a total market capitalization of approximately 15.4 billion yuan [1] Group 1: Company Overview - Jianfa Zhixin, established in 2010, primarily engages in the direct sales and distribution of medical devices, providing centralized operation services for medical consumables to terminal hospitals [1] - The company has expanded its product offerings from vascular intervention products to various categories, including surgical instruments, in vitro diagnostics (IVD), and medical equipment [1][4] Group 2: Market Position and Financial Performance - In 2023, Jianfa Zhixin achieved a market share of 16.47% in the vascular intervention device sector, positioning itself as a leading player in this industry [2] - The company's projected revenues for 2022, 2023, and 2024 are 11.882 billion yuan, 15.443 billion yuan, and 17.923 billion yuan, respectively. The revenue from vascular intervention devices for the same years is 7.583 billion yuan, 9.205 billion yuan, and 9.967 billion yuan, accounting for 63.90%, 59.72%, and 55.73% of total revenue [2] Group 3: Strategic Focus and Innovations - Jianfa Zhixin emphasizes a diversified product line and has been actively expanding into IVD, surgical, and ophthalmic medical device sectors, leveraging its expertise in vascular intervention [4] - The company is committed to digital transformation and has developed a core business system to enhance operational efficiency and management across its nationwide network [5][7] Group 4: Service and Operational Excellence - The company provides centralized operation services for medical consumables, having signed contracts with 60 hospitals, including nearly 30 tertiary hospitals, managing over 10 billion yuan in medical consumables [6] - Jianfa Zhixin aims to enhance its service quality and customer loyalty by offering high-quality centralized operation services and expanding its direct sales and distribution capabilities [6] Group 5: Funding and Future Plans - The funds raised from the IPO will be allocated to information system upgrades, centralized operation services for medical consumables, and working capital, with planned investments of 140 million yuan, 104 million yuan, and 240 million yuan, respectively [8] - The company seeks to strengthen its digital management capabilities and service attributes within the industry chain, aspiring to become a leading medical device distribution service provider in China [8]

聚焦医疗器械流通领域 建发致新成立于2010年，公司主要从事医疗器械直销及分销业务，并为终端医院提供医用耗材集约化运 营（SPD）等服务。 9月25日，建发致新在深交所创业板上市。截至9月25日收盘，公司股价收于36.56元/股，当日涨幅为 418.58%，总市值约为154亿元。 "作为全国性的高值医疗器械流通商，我们从血管介入类产品逐步扩大至外科器械、体外诊断 （IVD）、医疗设备等多种品类，始终专注于医疗器械流通业务。"建发致新董事、总经理吴胜勇接受 中国证券报记者采访时表示，"展望未来，我们将坚持以专业化为基石，以全国一体化为关键支撑，以 数字化为重要驱动力，开启建发致新高质量发展新征程。" ● 本报记者 李梦扬 医院端服务方面，建发致新积极推动信息化管理在传统医疗器械流通业务中的应用，并为终端医院客户 提供SPD服务。公司基于自主开发的智信链智慧医用耗材管理软件积极开拓SPD业务，已签约60家医院 的医用耗材集约化运营服务，其中三级医院近30家，医疗耗材管理规模超100亿元。 根据招股说明书，在直销业务中，建发致新可为全国31个省区市超过3300家终端医疗机构提供上万种规 格型号的直销服务。在分销业务 ...

根据招股说明书，在直销业务中，建发致新可为全国31个省（区、市）超过3300家终端医疗机构提供上 万种规格型号的直销服务。在分销业务中，建发致新已建立辐射全国范围的分销网络，公司以血管介入 类产品为切入点，经营产品厂商主要有微创集团、美敦力、泰尔茂、归创通桥等众多知名企业。截至目 前，公司已与超过100家国内外知名高值医疗器械生产厂商建立并保持了长期、稳定的合作关系。 回顾创业初期，吴胜勇告诉记者，"早在十余年前，在思考现有重点产品和新兴医疗器械产品的行业发 展趋势时，我们就关注到国内的卒中中心建设，当时一些神经血管介入公司还处在发展初期，规模较 小，但其产品颇具创新性和成长性。我们观察到业务机会，抓住机遇，深耕血管介入类产品流通赛 道。" 9月25日，建发致新在深交所创业板上市。上市首日，公司股价收盘报36.56元/股，上涨418.58%，总市 值约为154亿元。 "作为全国性的高值医疗器械流通商，我们从专攻血管介入类产品流通赛道十余年，到产品覆盖逐步扩 大至外科器械、体外诊断（IVD）、医疗设备等多种品类，我们的初心始终是做专做精医疗器械流通业 务。"建发致新董事、总经理吴胜勇在接受中国证券报记者采访时表 ...