Core Insights - The inquiry value of the Instrument Information Network increased by 39% quarter-on-quarter in Q3 2025, with stable demand in the top 10 categories, and a slight decrease in the proportion of domestic demand [2][4][7] Inquiry Value and Demand Categories - In Q3 2025, the overall inquiry value increased by 39%, with industrial enterprises accounting for the largest share, followed by universities. Industrial enterprises had a higher volume of inquiries, while universities had a higher value per inquiry [4][6] - The top 10 categories of instruments remained largely unchanged from Q2, indicating stable demand for major instrument types. The categories included gas chromatographs, infrared spectrometers, and centrifuges among others [6][4] Domestic vs. Imported Demand - The proportion of inquiries specifying domestic products was 16%, while imported products accounted for 6%. There was a 3 percentage point decrease in the demand for domestic products and a corresponding increase for imported products, reflecting a temporary fluctuation within the broader trend of domestic substitution [7][4] Offline Activities and Market Engagement - The Q3 buyer service team of the Instrument Information Network organized a "Ten Thousand Miles" event in Shijiazhuang, collaborating with local partners to engage with pharmaceutical companies, universities, and testing institutions. This initiative aimed to understand the application and challenges of domestic testing equipment [10][9] Membership and Platform Services - The Instrument Information Network offers a membership service called "Yixin Tong," which provides manufacturers with dedicated websites and extensive exposure to over 25 million professional users, enhancing product visibility and brand empowerment [13][14]

Core Viewpoint - The 2025 BCEIA exhibition showcased significant innovations in chromatography technology, emphasizing efficiency, intelligence, and application-oriented solutions in the industry [4][22]. Company Highlights - **Wanyi Technology**: Launched the LC3500 series liquid chromatography system featuring a new high-pressure infusion system with a maximum pressure of 1500 bar and an intelligent temperature control system with precision of ±0.1℃ [7]. - **Qingdao Shenghan**: Presented the CIC-D180H and CIC-D200E high-pressure ion chromatography instruments, along with the CLC-3200 ultra-high-performance liquid chromatography system, which boasts high accuracy and low cross-contamination [9]. - **Haineng Technology (Wukong Instruments)**: Introduced the CMC-ligand/receptor interaction analyzer for analyzing ligand-receptor interactions, and a complex target analysis instrument combining cell membrane chromatography with liquid chromatography [12][13]. - **Dima Technology**: Showcased a full range of chromatography columns and specialized columns for various applications, including a unique mixed-mode liquid chromatography column [15]. - **Shimadzu**: Celebrated its 150th anniversary by unveiling the GC2050 gas chromatography product and the new i-Series liquid chromatography systems, highlighting innovations tailored for petrochemical analysis [17]. - **Yizhen Analysis**: Displayed customized application solutions based on chromatography technology, including various specialized instruments [19]. - **Nanwei Technology Group**: Exhibited a range of chromatography products across its sub-brands, showcasing a complete solution from chromatography consumables to data processing systems [21]. Industry Trends - The focus of chromatography technology is shifting from hardware breakthroughs to application-driven solutions, with companies developing specialized instruments and methods to meet specific industry needs [22]. - The domestic ultra-high-performance chromatography market is gaining momentum, with products like Wanyi's LC3500 and Qingdao Shenghan's CLC-3200 enhancing competition in the market [22]. - Collaboration across the industry is becoming a new engine for development, with partnerships like Haineng Technology's collaboration with Xi'an Jiaotong University exemplifying the push towards integrated innovation [23]. - The integration of intelligent and automated technologies into chromatography systems is advancing, as seen in Wanyi's SmartLab CDS workstation and Shimadzu's i-Series design, facilitating the digital transformation of laboratories [23].

Core Viewpoint - Agilent Technologies' international revenue performance is crucial for assessing its financial resilience and growth prospects, especially given the interconnected global economy [2][9]. Group 1: International Revenue Performance - The company's total revenue for the quarter was $1.67 billion, reflecting a 6% increase [4]. - Asia Pacific contributed $548 million, accounting for 32.85% of total revenue, with a surprise of +0.65% compared to the consensus estimate [5]. - Europe generated $442 million, representing 26.50% of total revenue, exceeding expectations by +3.77% [6]. Group 2: Future Revenue Projections - Analysts project total revenue of $1.66 billion for the current fiscal quarter, a 5.1% increase year-over-year, with Asia Pacific and Europe expected to contribute 34.6% ($573.73 million) and 25.5% ($422.32 million) respectively [7]. - For the entire year, total revenue is forecasted at $6.76 billion, a 3.8% improvement from the previous year, with Asia Pacific contributing 33.8% ($2.29 billion) and Europe 26% ($1.75 billion) [8]. Group 3: Market Context and Stock Performance - The reliance on international markets presents both opportunities and challenges for Agilent, necessitating close monitoring of revenue trends to project future performance accurately [9]. - The stock has increased by 3% over the past month, underperforming compared to the Zacks S&P 500 composite's 6.1% rise, and has seen an 11.7% decline over the past three months relative to the S&P 500's 0.5% decline [12].

Core Viewpoint - The article discusses the advancements in transmission electron microscopy (TEM) core components and the increasing focus on domestic research and development in China, highlighting the upcoming live discussion on in-situ electron microscopy technology and its industrialization status [2][4]. Group 1: Event Details - The live discussion will take place on May 23, 2025, from 14:00 to 16:00 on the Instrument Information Network WeChat video account [3]. - The theme of the fourth session is "In-situ Electron Microscopy," focusing on the latest developments and applications in this field [3][4]. Group 2: Key Topics and Speakers - The session will cover various topics, including real-time material evolution capture using in-situ electron microscopy, breakthroughs in gas-phase in-situ electron microscopy for industrial catalysis, and the development of high-speed domestic detectors [7]. - Dr. Zhou Dan, a leading researcher in in-situ electron microscopy, will share insights from her extensive experience in the field, including her work on quantitative analysis of light elements and the development of experimental methodologies [6][9]. - Dr. Jin Liang, founder of Suzhou Derite Technology Co., will discuss innovations in electron imaging technology and the development of domestic electron detectors [9].

Core Insights - The performance of Agilent Technologies' international operations is crucial for understanding its financial resilience and growth potential [1][2] - The company's reliance on international markets is a key factor in determining its financial success and growth trajectory [2][3] International Revenue Breakdown - Agilent's total revenue for the quarter was $1.68 billion, reflecting a 1.4% increase [4] - Asia Pacific contributed $549 million, accounting for 32.66% of total revenue, which was a surprise of -5.26% compared to the consensus estimate [5] - Europe generated $463 million, making up 27.54% of total revenue, exceeding projections by +3.47% [6] Future Revenue Projections - For the current fiscal quarter, total revenue is anticipated to be $1.63 billion, a 3.5% increase year-over-year, with expected contributions of 33.9% from Asia Pacific and 26.5% from Europe [7] - For the full year, projected total revenue is $6.75 billion, indicating a 3.7% rise from the previous year, with Asia Pacific expected to contribute 34.8% and Europe 26.1% [8] Market Context - The reliance on global markets presents both opportunities and challenges for Agilent, making the analysis of international revenue trends essential for forecasting future performance [9][10] - Analysts are closely monitoring these trends to refine earnings predictions, considering the impact of domestic positioning as well [10]