Financial Performance - In 2024, the company achieved total revenue of 36.726 billion CNY, a year-on-year increase of 5.14% [2] - The net profit attributable to shareholders was 11.668 billion CNY, up 0.74% year-on-year; excluding financial expenses, the net profit growth was 4.36% [2] - Operating cash flow reached 12.432 billion CNY, reflecting a year-on-year increase of 12.38% [2] - For Q1 2025, total revenue was 8.237 billion CNY, a decline of 12.12% compared to the same period last year, with net profit down 16.81% [9] Dividend Distribution - The company plans to distribute 679 million CNY (including tax) as dividends for 2024, with a cumulative cash dividend of 7.602 billion CNY, representing a payout ratio of 65.15% [3] - A proposal for a mid-year dividend of 1.71 billion CNY (including tax) for 2025 is also in place, pending shareholder approval [3] Market Performance International Market - The international market grew by 21.28% in 2024, with the Asia-Pacific region seeing nearly 40% growth driven by countries like Australia, Thailand, and India [4] - International revenue accounted for approximately 45% of total revenue, with high-potential segments like minimally invasive surgery and cardiovascular care nearing 10% of international income [4] Domestic Market - The domestic market experienced a decline of 5.10% due to sluggish hospital equipment procurement and the impact of DRG 2.0 [4] - A recovery is anticipated in Q3 2025 as local fiscal pressures ease and medical equipment projects are initiated [4] Product Line Performance In Vitro Diagnostics (IVD) - The IVD segment grew by 10.82% in 2024, with international IVD growth exceeding 30% [5] - IVD revenue now constitutes 37.48% of total company revenue, surpassing the life information and support segment [5] Medical Imaging - The medical imaging segment grew by 6.60%, with international growth over 15% [7] - The launch of the high-end Resona A20 ultrasound is expected to enhance market presence [7] Life Information and Support - This segment saw a decline of 11.11%, although international growth was in double digits [8] - The company maintains a leading market share in domestic monitoring and respiratory devices despite challenges [8] Research and Development - R&D investment for 2024 was 4.008 billion CNY, accounting for 10.91% of revenue, while Q1 2025 saw 847 million CNY in R&D, representing 10.28% of revenue [11] - New product launches include advanced systems in life information and support, IVD, and medical imaging [12][13] Sustainability Efforts - The company received an AA rating from MSCI ESG and was included in the S&P Global Sustainable Development Yearbook [14] - Carbon emissions intensity decreased by 11.6% compared to 2021, with ongoing projects contributing to sustainability goals [15] Future Outlook - The company anticipates a significant recovery in domestic revenue starting Q3 2025, driven by the resumption of medical equipment projects [10] - Long-term growth strategies focus on digitalization, internationalization, and enhancing the supply chain to adapt to changing market conditions [24][25]

21世纪经济报道记者 杨坪 深圳报道 在全球贸易摩擦加剧背景下，技术创新有望成为中国医疗器械产业保持竞争力的关键。 近日，在第91届中国国际医疗器械(春季)博览会(CMEF2025)现场，飞依诺科技股份有限公司(简称"飞依诺")联合创始人田园在接 受21世纪经济报道记者关于"对等关税"影响的提问时说道："我们认为动荡是阶段性的，全行业受到的影响是一致的，最终大家 拼的还是各自的实力。" 田园指出："从国内市场来看，海外超声品牌在进入中国市场后，价格普遍高于我们的产品。在海外市场，中国的超声品牌缺乏 被看见的机会，过去二十年时间里，我们一直处于赶超状态，现在在部分维度，我们能够超越他们了，未来如果我们能通过技 术突破实现全面领先，就没有人会对我们视而不见。" "目前我们在海外市场的收入一直是超过国内市场的。因为在同样的价位，我们能够提供更好的产品和最新技术。"田园介绍， 飞依诺产品目前已覆盖全球130多个国家，基本摆脱了对单一区域市场的依赖，在南美、欧洲、东南亚等地的增长形成有效互 补。近年来，公司海外市场保持高速增长的态势，今年一季度海外业务增长超过了50%。 改变诊疗路径的突破 公开资料显示，飞依诺成立于2 ...

4月1日，祥生医疗今日收盘31.96元，上涨3.36%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到25.00倍，总市值35.84亿元。 从行业市盈率排名来看，公司所处的医疗器械行业市盈率平均46.46倍，行业中值33.07倍，祥生医疗排 名第52位。 股东方面，截至2024年9月30日，祥生医疗股东户数5170户，较上次减少117户，户均持股市值35.28万 元，户均持股数量2.76万股。 无锡祥生医疗科技股份有限公司的主营业务是超声医学影像设备的研发、制造和销售，公司的主要产品 有便携式彩超、推车式彩超、黑白超声，公司产品已覆盖30%以上的三级医院，包括全国知名的北京协 和医院、四川大学华西医院、上海第六人民医院等。产品广泛应用于上述医院的超声科、麻醉科、置管 科等科室。此外，在国内基层医疗机构的服务评比中，占据领先地位。 最新一期业绩显示，2024年三季报，公司实现营业收入3.62亿元，同比-9.85%；净利润9840.86万元，同 比-30.42%，销售毛利率59.15%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)52祥生医疗25.0025.002.6035.84亿行业平 ...