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【私募调研记录】聚隆投资调研宝莱特
Zheng Quan Zhi Xing· 2025-07-11 00:13
Group 1 - The core viewpoint of the news highlights the recent research conducted by the well-known private equity firm, Julong Investment, on a listed company, Baolait. The research indicates a mixed performance in terms of revenue and profit for Baolait in the first quarter of 2025 [1] - Baolait achieved operating revenue of 247,732,813.14 yuan, representing a year-on-year decrease of 7.17%, while net profit saw a significant year-on-year increase of 298.35% [1] - The company benefits from new policies that promote equipment upgrades, particularly in mid-to-high-end monitoring devices and blood dialysis equipment. The annual compound growth rate for dialysis patients is 12%, indicating a market opportunity for domestic alternatives [1] Group 2 - Baolait has expanded its blood dialysis products into overseas markets, although the overall scale remains relatively small. The production capacity for dialysis devices is distributed across Suzhou and Zhuhai, with dialysis powder and liquid products covering multiple regions nationwide [1] - The company has launched its self-developed PD600 peritoneal dialysis device, along with supporting tubing and information systems. Traditional peritoneal dialysis requires manual operation, while automated peritoneal dialysis can be performed at home during the night [1] - Baolait is advancing the research and development of intelligent medical devices, including the independent development of CRRT machines [1]