证券之星消息，根据市场公开信息及8月26日披露的机构调研信息，泓德基金近期对4家上市公司进行了调研，相关名单如下： 1）可孚医疗 （泓德基金参与公司特定对象调研&电话会议） 调研纪要：可孚医疗在2025年上半年健耳听力营业收入同比增长超20%，下半年将继续提升老店收入规模，推动新设门店收入增长。公司投资纽 聆氪医疗，旨在解决先天性听力损失问题，形成战略协同。海外业务收入同比增长超200%，完成对上海华舟和喜曼拿的控股收购，未来并购将聚 焦补充产品线或提升技术水平、具有成熟渠道网络或品牌影响力的标的。公司构建了覆盖五大领域的完善产品矩阵，加大兴趣电商平台投入，推 进呼吸、血压、血糖、制氧等智能化项目，研发可孚健康PP。核心品类包括呼吸机、助听器等，筛选标准为收入贡献度和战略价值。呼吸机销量 快速增长，稳居抖音电商平台品类榜首。 2）中钢国际 （泓德基金参与公司特定对象调研） 4）天孚通信 （泓德基金参与公司线上通讯会） 调研纪要：2025年上半年，天孚通信实现营业收入24.56亿元，同比增长57.84%，净利润8.99亿元，同比增长37.46%。有源业务增长主要源于高速 率有源产品增加交付，公司持续拓展新客户。 ...

证券之星消息，根据市场公开信息及8月26日披露的机构调研信息，中信建投（601066）基金近期对3家上市公司进行了调研，相关名单如下： 1)可孚医疗（301087）(中信建投基金参与公司特定对象调研&电话会议) 调研纪要：可孚医疗在2025年上半年健耳听力营业收入同比增长超20%，下半年将继续提升老店收入规模，推动新设门店收入增长。公司投资纽 聆氪医疗，旨在解决先天性听力损失问题，形成战略协同。海外业务收入同比增长超200%，完成对上海华舟和喜曼拿的控股收购，未来并购将聚 焦补充产品线或提升技术水平、具有成熟渠道网络或品牌影响力的标的。公司构建了覆盖五大领域的完善产品矩阵，加大兴趣电商平台投入，推 进呼吸、血压、血糖、制氧等智能化项目，研发可孚健康PP。核心品类包括呼吸机、助听器等，筛选标准为收入贡献度和战略价值。呼吸机销量 快速增长，稳居抖音电商平台品类榜首。 500质量成长ETF 调研纪要：上半年公司在手项目执行平稳，玻利维亚穆通钢厂基本建成，阿尔及利亚电炉项目完成验收，创海外最快纪录；土耳其高线项目达 产。应收账款同比增加，已强化清收机制；2025年上半年工程毛利率达14.22%，国内外毛利率均提升，预 ...

证券之星消息，根据市场公开信息及8月26日披露的机构调研信息，中加基金近期对2家上市公司进行了 调研，相关名单如下： 个股亮点：公司依托生成式AI赋能序列设计创新，构建了基于Transformer、Diffusion等深度学习框架的 序列评分和序列生成的AI模型 中加基金成立于2013年，截至目前，资产管理规模(全部公募基金)1411.93亿元，排名49/210；资产管理 规模(非货币公募基金)1242.2亿元，排名42/210；管理公募基金数135只，排名60/210；旗下公募基金经 理19人，排名72/210。旗下最近一年表现最佳的公募基金产品为中加科技创新混合发起式A，最新单位 净值为1.68，近一年增长128.28%。旗下最新募集公募基金产品为中加沪深300红利低波动指数A，类型 为指数型-股票，集中认购期2025年8月18日至2025年9月5日。 2)和元生物(中加基金参与公司业绩说明会&电话会议等&通讯方式) 1)可孚医疗（301087）(中加基金参与公司特定对象调研&电话会议) 调研纪要：可孚医疗在2025年上半年健耳听力营业收入同比增长超20%，下半年将继续提升老店收入规 模，推动新设门店收入 ...

根据市场公开信息及8月26日披露的机构调研信息，知名私募高毅资产近期对2家上市公司进行了调研，相关名单如下： 1）可孚医疗 （高毅资产参与公司特定对象调研&电话会议） 调研纪要：可孚医疗在2025年上半年健耳听力营业收入同比增长超20%，下半年将继续提升老店收入规模，推动新设门店收入增长。公司投资纽 聆氪医疗，旨在解决先天性听力损失问题，形成战略协同。海外业务收入同比增长超200%，完成对上海华舟和喜曼拿的控股收购，未来并购将聚 焦补充产品线或提升技术水平、具有成熟渠道网络或品牌影响力的标的。公司构建了覆盖五大领域的完善产品矩阵，加大兴趣电商平台投入，推 进呼吸、血压、血糖、制氧等智能化项目，研发可孚健康PP。核心品类包括呼吸机、助听器等，筛选标准为收入贡献度和战略价值。呼吸机销量 快速增长，稳居抖音电商平台品类榜首。 2）天孚通信 （高毅资产参与公司线上通讯会） 调研纪要：2025年上半年，天孚通信实现营业收入24.56亿元，同比增长57.84%，净利润8.99亿元，同比增长37.46%。有源业务增长主要源于高速 率有源产品增加交付，公司持续拓展新客户。高速率产品需求旺盛，公司协调供给和产能保障交付。泰国工 ...

听力健康关乎每个家庭的福祉，这一问题有望迎来系统性破局。 近日，国家卫生健康委、国家中医药局、国家疾控局、中国残联等四部门联合印发《关于推进耳与听力 健康工作的指导意见》（下称《意见》），首次从国家层面构建行业工作框架，把"耳与听力健康"从边 缘议题推向全民健康主赛道，明确提出到2030年的发展目标和实施路径。 《意见》要求按照"预防为主、主动识别、早期发现、重点干预、有效康复"的基本原则，面向全年龄段 人群和全生命周期，持续加强耳与听力健康工作。到2030年，从事耳与听力健康工作的专业技术人员队 伍进一步充实，提供耳与听力健康服务的机构覆盖面进一步扩大，耳科医疗服务能力明显提高，服务形 式和内容更加多元，耳与听力健康服务的系统性连续性显著增强。 对此，北京和君咨询有限公司合伙人史万奎接受《华夏时报》记者采访时表示，"听力康复需求人群 大，但社会关注度不高。《意见》出台提升了社会对听力康复产业的关注度，对政策、资本、技术、人 才等要素具有激励和引领作用；促进听力康复产业从碎片化，向全病程管理、全服务链条和全产业链集 成方向发展，有利于产业服务从康复向预防延伸。与此同时，《意见》驱动行业加快规范服务标准，进 一 ...

证券代码：301087 证券简称：可孚医疗 可孚医疗科技股份有限公司 投资者关系活动记录表 编号：2025-006 | 投资者关系活动类 | 特定对象调研 □分析师会议 | | --- | --- | | 别 | □媒体采访 业绩说明会 | | | □新闻发布会 □路演活动 | | | 现场参观 | | | 其他 电话会议 | | 参与单位名称及人 | 华夏基金、嘉实基金、、前海开源基金、Dymon Asia Capital、前海海运通、 | | 员姓名 | 大家资产、大摩基金、国金证券、华源证券、国盛证券、中信证券、中邮证券、 | | | 天风证券、兴业证券、信达证券、华创证券、中信建投证券、东方财富证券、 | | | 博远基金、国任保险、东北证券、高毅资产、国泰海通、泓德基金、华盖资本、 | | | 华金证券、华西自营、华夏创新、明河投资、青骊投资、山东嘉信、上海坤阳、 | | | 上海盘京、上海勤辰、上海人寿、彤心雕珑、上海证券、尚石投资、尚诚资管、 | | | 一诺基金、太朴生命科学投资、泰信基金、英大自营、甬兴证券、招商基金、 | | | 中银基金、中信证券、浙商资管、真脉投资、中加基金、中 ...

8月22日上午，第九届中国（广州）国际养老健康产业博览会（以下简称"老博会"）开幕。据介绍，本 届展会整体规模及内容策划再次创新升级，展览面积达5万平方米，吸引了海内外近350家企业参展。展 会以"银发经济：新赛道、新科技、新消费"为主题，设置了七大银发产业赛道主题展区。 老博会现场。（通讯员供图） 首批专属授信额度超550亿元银发经济专项信贷计划启动 "今年老博会现场让我体会到，银发经济已成为众多行业发展的新方向。"参展商王先生向记者表 示，"越来越多的企业选择投入到银发经济的浪潮中，其中不乏头部企业、知名企业，这也给我们这些 规模不大、经验不足的企业很大的信心"。 据统计，目前，广州银发经济领域企业突破1.8万家，产业规模超3000亿元。全市177个颐康中心、2715 个颐康服务站、1419个长者饭堂覆盖城乡，272家养老机构设有床位5.73万张，护理型床位占比达90% 以上，73%的养老床位、85.5%的居家养老服务综合体、91%的长者饭堂由市场运营，2021年以来老博 会共吸引近900家品牌企业参会，超9000项产品、技术及服务亮相，意向合作金额累计约11亿元。 值得关注的是，在开幕式上，广州市民政局 ...

Group 1: Industry Overview - The 2025 Shanghai International Elderly Care, Aids, and Rehabilitation Medical Expo showcased around 500 exhibitors from 16 countries, highlighting advanced "black technology" products in elderly care, home nursing, and rehabilitation medical applications [1][5] - The silver economy is emerging as a new growth area, with companies eager to tap into the trillion-yuan market [1][6] Group 2: Technological Innovations - The "AI + Robotics" approach is creating new scenarios in smart elderly care, with products like the "Big Head A-Liang" robot serving as a personal assistant for medication reminders and health monitoring, significantly reducing manpower needs in care facilities by 60% [2][3] - Innovations such as the "smart ECG shirt" enable real-time heart monitoring and analysis, enhancing the accuracy and reliability of health assessments [2][4] - AI-driven products like the AI knock call device and kitchen monitoring systems are designed to ensure safety for elderly individuals at home [3][4] Group 3: Health Management Solutions - Automated health screening devices, such as the carotid artery screening robot, are being developed to improve chronic disease management in community healthcare settings [4][5] - The olfactory recognition check product for early screening of Alzheimer's and Parkinson's diseases demonstrates the potential for simple home-based health assessments [5][6] Group 4: Market Trends and Consumer Behavior - The silver economy market in China is currently valued at approximately 7 trillion yuan, projected to reach 30 trillion yuan by 2035, indicating significant growth potential [6][7] - The elderly population in Shanghai is increasingly engaged in higher consumption in areas like travel and entertainment, with a notable demand for smart home products [7][8] - Shanghai is positioning itself as a leader in the elderly care technology sector, with initiatives to develop a national-level silver economy industrial park [7][8]

Group 1: Company Certifications and Capabilities - The company has obtained multiple certifications including FDA510(k), EU MDR, ISO9001, ISO13485, and others, enabling it to meet global market entry requirements [5] - The company holds a medical device production license and registration certificate, ensuring compliance with industry standards [5] Group 2: Cost Control Measures - Current cost control measures include self-developed chip applications, production process optimization, and efficiency improvements [6] - Future plans to reduce costs involve assimilating technology from the acquisition of Intricon, promoting modular product design, and implementing budget control [6] Group 3: Competitive Advantages and Strategies - The company has established a vertical layout in the hearing aid industry, focusing on chip design, algorithm research, and channel development [7] - The technical team has mastered core technologies such as DSP digital hearing aid chip design and sound processing algorithms, providing a competitive edge [7] Group 4: Financial Performance and Growth - In 2024, the company experienced a 49% decline in profit due to increased sales expenses from expanding its own brand channels [8] - The first quarter of the current year showed significant growth in self-owned brand sales revenue, indicating early success from the previous year's channel expansion [8] Group 5: Research and Development Plans - The company plans to maintain reasonable R&D investment intensity based on project progress [9] - There are plans to enhance operational efficiency in offline stores and adapt to market changes for store expansion [9] Group 6: Customer Base and Order Acquisition - The customer base has expanded to include new overseas supermarket channels for self-owned brands, while new order acquisition remains stable [10] - The company continues to focus on its existing B-end customer base while integrating new clients [10] Group 7: Core Business Advantages - The establishment of the subsidiary Chip Sea Ling in 2020 has enabled the development of self-researched DSP digital hearing aid chips, which significantly reduce manufacturing costs [11] - The company has achieved mass production of its first-generation self-developed chip, with approximately 780,000 units integrated into products [12]

Group 1 - The 2025 Shanghai Information Consumption Festival opened with the theme "Digital Quality Breakthrough, Expanding Consumption" and features a "1+5+N" model focusing on new consumption ecosystems, scenarios, and experiences [1] - The festival includes various activities such as the main opening ceremony, information consumption treasure market, and the launch of the "Shanghai Manufacturing 2.0" internet marketing initiative, aimed at boosting industry and market confidence [4][5] - Yangpu District is positioning itself as a hub for digital economy, with software and information service industry revenue expected to exceed 300 billion yuan in 2024, accounting for about one-fifth of Shanghai's total [4][5] Group 2 - Shanghai's software and information service industry reported a revenue of over 380 billion yuan in Q1, a growth of 15.3%, making it one of the fastest-growing sectors in the city [6] - The Shanghai Economic and Information Commission is developing policies to promote high-quality growth in the software and information service industry, focusing on growth incentives, AI empowerment, and reducing costs for enterprises [6] - The festival will feature a "2025 Shanghai Information Consumption Treasure Market" with four main sections, integrating digital technology, culture, tourism, entertainment, education, and life services [17]