11月19日，心泰医疗(02291)盘中最低价触及17.95港元。这是自今年4月22日单日上涨49.26%之后，该公司股价首次跌破18港元。 此后其股价仍下探不止。12月8日，心泰医疗收盘价17.20港元，距近期的阶段性低点17.01港元仅一步之遥。实际上，心泰医疗的这段下行周期始于8月26 日，而这就得从其大股东减持说起。 控股股东减持，场外持币观望 8月26日港股盘前，心泰医疗发布了一则"控股股东减持"的公告，称其控股股东乐普医疗（300003）"于2025年8月26日通过大宗交易出售合共1114万股本公 司H股，每股价格为22.79港元，占本公司于本公告日期已发行股份总数的约3.21%(出售事项)"，并表示，"乐普医疗对本集团的业务运营充满信心，出售事 项旨在提升本公司股票的流动性。" 公告披露后，立即在当日引发了场内持筹者的抛售。8月26日，心泰医疗股价开盘后迅速走低，1分钟内股价跳水近9%;半小时内股价最大跌幅超过12%。最 后公司股价全天低走，最终收跌12.75%，27.60港元开盘价成为心泰医疗当日最高点及其之后的阶段性高点。 至此之后，心泰医疗开启了一段持续至今的长达3个多月的下行周期。从技术 ...

11月19日，心泰医疗(02291)盘中最低价触及17.95港元。这是自今年4月22日单日上涨49.26%之后，该公司股价首次跌破18港元。 智通财经APP观察到，此后其股价仍下探不止。12月8日，心泰医疗收盘价17.20港元，距近期的阶段性低点17.01港元仅一步之遥。实际上，心泰医疗的这段 下行周期始于8月26日，而这就得从其大股东减持说起。 控股股东减持，场外持币观望 8月26日港股盘前，心泰医疗发布了一则"控股股东减持"的公告，称其控股股东乐普医疗"于2025年8月26日通过大宗交易出售合共1114万股本公司H股，每股 价格为22.79港元，占本公司于本公告日期已发行股份总数的约3.21%(出售事项)"，并表示，"乐普医疗对本集团的业务运营充满信心，出售事项旨在提升本 公司股票的流动性。" 公告披露后，立即在当日引发了场内持筹者的抛售。8月26日，心泰医疗股价开盘后迅速走低，1分钟内股价跳水近9%;半小时内股价最大跌幅超过12%。最 后公司股价全天低走，最终收跌12.75%，27.60港元开盘价成为心泰医疗当日最高点及其之后的阶段性高点。 至此之后，心泰医疗开启了一段持续至今的长达3个多月的下行周期。 ...

Core Viewpoint - The company, 心泰医疗 (HeartTech Medical), reported a significant increase in revenue and net profit for the six months ending June 30, 2025, indicating strong growth in its congenital heart disease occluder products [1] Financial Performance - Total revenue reached 330 million RMB, representing a year-on-year increase of 32.36% [1] - Net profit attributable to shareholders was 182 million RMB, up 29.81% year-on-year [1] - Basic earnings per share were 0.5249 RMB [1] Product Performance - Sales revenue from congenital heart disease occluders increased from 129 million RMB for the six months ending June 30, 2024, to 161 million RMB for the six months ending June 30, 2025, marking a growth of 24.9% [1] - The sales of congenital heart disease occluders accounted for 51.6% and 48.7% of the company's total revenue for the respective periods [1] - The growth in sales revenue is attributed to the steady performance of traditional metal occluders and the successful commercialization of the fourth-generation MemoSorb biodegradable septal occluder and atrial septal defect occluder [1] Competitive Strategy - The company is focusing on product iteration and differentiation through biodegradable technology, which is expected to enhance its competitive position in the market [1]

Core Viewpoint - HeartTech Medical (02291) reported a significant increase in revenue and net profit for the six months ending June 30, 2025, indicating strong growth in its congenital heart disease occluder products and successful commercialization of new biodegradable devices [1] Financial Performance - Total revenue reached 330 million RMB, representing a year-on-year increase of 32.36% [1] - Net profit attributable to shareholders was 182 million RMB, up 29.81% year-on-year [1] - Basic earnings per share stood at 0.5249 RMB [1] Product Performance - Sales revenue from congenital heart disease occluders increased from 129 million RMB for the six months ending June 30, 2024, to 161 million RMB for the same period in 2025, accounting for 51.6% and 48.7% of total revenue, respectively [1] - The growth in sales revenue is attributed to steady growth in traditional metal occluder products and successful commercialization of the fourth-generation MemoSorb® biodegradable septal occluder and atrial septal defect occluder [1] - The company is focusing on product iteration and differentiation through biodegradable technology [1]

消息上，为支持药品和医疗器械创新发展，国家医保局日前制定新上市药品首发价格机制，新增了100 多项与医疗新技术相关的价格项目，促进高端医疗设备的临床转化应用。 中信建投研报称，港股医疗器械公司整体创新性较强，多家企业即将步入扭亏为盈或业绩快速释放的阶 段。今年以来，有创新产品上市、技术突破实现license-out可能的催化，以及账上现金丰富、业绩快速 释放、估值低位的部分18A器械公司，年初至今有翻倍以上的涨幅；部分业绩高增长的低估值龙头器械 公司年初至今亦有较好表现。(格隆汇) 心泰医疗(2291.HK)盘中一度涨近8%，高见27.4港元创4月底以来新高，近一个月累计升幅达30%，总市 值93亿港元。 公司是稳健盈利的港股创新医疗器械企业。根据弗若斯特沙利文统计，就2021年的销售收入而言，心泰 医疗是中国最大的先天性心脏病封堵器制造商（市场份额为38%）。 ...

Core Viewpoint - The company, Xianjian Technology, reported a slight increase in revenue for 2024, but a significant decline in operating profit and net profit attributable to shareholders, indicating challenges in maintaining profitability despite revenue growth [2][3]. Financial Performance - Revenue for 2024 reached approximately RMB 1.304 billion, reflecting a year-on-year growth of about 2.9% [2][3]. - Gross profit was approximately RMB 981.4 million, showing a decrease of 1.4% compared to the previous year [2]. - Operating profit fell sharply by 51.4% to RMB 186.3 million [2]. - Profit before tax increased by 13.3% to RMB 199.0 million [2]. - Net profit attributable to shareholders was approximately RMB 222.4 million, down 15.5% from the previous year [2]. - Basic earnings per share decreased by 15.0% to RMB 0.051 [2]. Business Drivers - Xianjian Technology, established in 1999 and listed in 2011, focuses on the R&D, production, and sales of cardiovascular and peripheral vascular interventional medical devices [4]. - The company has a strong patent portfolio with 2,198 patents and 15 products approved for the "Special Review Procedure for Innovative Medical Devices" by the National Medical Products Administration (NMPA) [4]. Innovation and Market Expansion - R&D investment for 2024 was approximately RMB 303 million, aimed at driving technological innovation and product upgrades [5]. - Overseas sales reached approximately RMB 347 million, marking a year-on-year growth of 26.0%, with significant growth in Asia (excluding mainland China) and Europe [5]. - Domestic sales amounted to approximately RMB 957 million, accounting for 73.4% of total revenue, maintaining a leading market share [5]. Product Segmentation - Structural heart disease business generated sales of approximately RMB 528 million, up 6.4% year-on-year [8]. - Peripheral vascular business contributed approximately RMB 751 million in revenue, an increase of 6.2% [8]. - Cardiac pacing and electrophysiology business achieved sales of approximately RMB 25 million [8].