Core Insights - The China International Medical Equipment Fair (CMEF Autumn Exhibition) was held in Guangzhou from September 25 to 27, showcasing Steady Medical's green medical solutions and medical beauty products [1] - Steady Medical presented a full-process scenario of a green operating room, emphasizing the lightweight design of lead-free radiation protection clothing, which reduces the burden on medical staff by 30% [1] - The disposable surgical packs made from all-cotton spunlace non-woven fabric, combined with an intelligent liquid management system, ensure standardized supply and functional safety for surgeries across six departments [1] - A seminar on medical consumables management and the launch of a health economics research project for disposable surgical packs was hosted by Steady Medical, with the chairman, Li Jianquan, participating [1] - The project aims to provide key decision-making support for hospitals' refined management transformation by scientifically calculating the lifecycle costs of disposable surgical packs [1] Industry Insights - The Vice President of Tongji Hospital, Zhu Wei, emphasized that the construction of green hospitals requires long-term efforts and that the optimization of low-value consumables management should be a continuous process [2] - There is a call for a focus on the concept of green hospitals, with actions to be taken to promote refined, information-based, and process-optimized management practices [2] - The industry is encouraged to work together to advance hospitals towards green, efficient, and high-quality development [2]

Core Insights - The company reported a significant increase in revenue and profit for the first half of 2025, with total revenue reaching 5.3 billion yuan, a year-on-year growth of 31.3%, and net profit attributable to shareholders at 490 million yuan, up 28.1% [1] - The medical and consumer segments both contributed to this growth, with revenues of 2.52 billion yuan and 2.75 billion yuan respectively, marking increases of 46.4% and 20.3% [1] Group 1: Consumer Segment Performance - The consumer brand, 全棉时代, achieved revenue of 2.75 billion yuan in the first half of 2025, reflecting a growth of 20.3% [2] - Key products such as the core dry and wet cotton soft towels saw sales increase to 810 million yuan, a growth of 19.5%, while sanitary napkins experienced a remarkable revenue increase of 67.6%, reaching 530 million yuan [2] - The brand's membership base grew to nearly 67 million, a 7.7% increase from the previous year, indicating strong customer loyalty and engagement [3] Group 2: Medical Segment Performance - The medical segment reported revenue of 2.52 billion yuan, a substantial increase of 46.4%, with organic growth excluding acquisitions contributing to a 13.2% rise [4] - Key innovations in the medical field included a 193.5% increase in revenue from surgical consumables, reaching 740 million yuan, and a 25.7% increase in high-end dressings, totaling 480 million yuan [4] - The company holds 1,109 R&D patents and 701 medical product registration certificates, establishing a strong foundation for future growth in both domestic and international markets [4] Group 3: Brand and Financial Strategy - The company announced a cash dividend distribution plan of 260 million yuan, representing 53.26% of net profit, reflecting a commitment to shareholder returns [5] - The brand aims to enhance its image and market position through various promotional activities and product innovations, reinforcing its commitment to quality and consumer health [5] - The company is focused on a long-term vision of sustainable growth, emphasizing the importance of brand elevation and maintaining industry leadership through continuous investment in R&D and quality control [5]