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迈普医学(301033):业绩高增兑现,海外市场增长显著
Yong Xing Zheng Quan· 2025-08-26 07:20
迈普医学(301033) 公司研究/公司点评 业绩高增兑现,海外市场增长显著 ——迈普医学(301033)2025 年中报业绩点评 公司发布 2025 年中报业绩,实现营收 1.58 亿元(yoy+29.28%),实现 归母净利润 0.47 亿元(yoy+46.03%),实现扣非归母净利润 0.46 亿元 (yoy+66.20%)。分季度看,2025Q2 实现营收 0.84 亿元(yoy+29.66%), 实现归母净利润 0.23 亿元(yoy+32.62%),实现扣非归母净利润 0.23 亿元(yoy+47.86%)。 ◼ 核心观点 海内外收入齐发力,多项产品驱动业绩放量。分区域看,25 年上半年 公司海外实现收入 0.38 亿元,同比增长 50.96%,预计受益于止血产 品、硬脑膜医用胶等产品快速放量;国内市场实现收入 1.20 亿元,同 比增长 23.84%。分产品看,公司持续聚焦核心主业,多项产品驱动业 绩放量,脑膜产品共实现收入 0.71 亿元,同比增长 3.24%;颅颌面修 补及固定系统实现收入 0.44 亿元,同比增长 24.69%;可吸收再生氧 化纤维素和硬脑膜医用胶共计实现收入 0.38 亿 ...
迈普医学(301033) - 2025年8月22日投资者关系活动记录表
2025-08-22 10:38
证券代码:301033 证券简称:迈普医学 广州迈普再生医学科技股份有限公司 投资者关系活动记录表 编号:2025006 | | 为;中泰证券 谢木青、刘照芊;路博迈投资 张翔宇;泰 | | --- | --- | | | 康资管 马步云;鹏华基金 胡颖;中邮创业基金 杨朋;博 | | | 远基金 谭飞;光大保德信基金 林晓枫;天弘基金 丁雪 | | | 松;华夏基金 常黎曼;上海歌汝私募基金 应晓立;深圳 | | | 市河床资管 杨田;甬兴证券 徐昕;信达澳亚 李点典; | | | 华源证券 林海霖;广发证券 张晨旭;上海和谐汇一资管 | | | 陈凯;浦銀國際證券 胡澤宇;长江养老保险 邱宏斌;深 | | | 圳前海云溪基金 陈铭;浙江益恒投资 钱坤;深圳市榕树 | | | 投资 李敏生、许群英;上海途灵资管 赵梓峰;中银国际 | | | 证券 吴炉飞;广州市航长投资 麦浩明;平安资管 林启 | | | 姜;上海禧弘投资 赵然;国泰基金 邱晓旭;万和证券 许 | | | 俊武;申万宏源 陈烨远 | | 时间 | 2025年08月22日 15:30-16:30 | | 地点 | 公司会议室 | | 上市公司 ...
迈普医学(301033):业绩符合预期,多产品驱动成长
Xinda Securities· 2025-08-22 09:35
证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 迈普医学(301033) | 投资评级 | 买入 | | --- | --- | | 上次评级 | 买入 | [Table_OtherReport] 深耕神外赛道,脑膜胶和可吸收止血 纱新品上量可期 集采助力产品放量,盈利能力逐步增 强 集采压力期已过,国内海外双丰收 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦B 座 邮编:100031 [Table_Title] 业绩符合预期,多产品驱动成长 [Table_ReportDate] 2025 年 08 月 22 日 [Table_S 事件:公司发布 ummary] 2025 年中期报告,2025 年上半年实现营业收入 1.58 亿元 (yoy+29.28%),归母净利润 0.47 亿元(yoy+46.03%),扣非归母净利 润 0.46 亿元(yoy+66.20%),经营活动现金流 0.57 亿元(yoy+64.31%)。 其中 2025Q2 实现营业收入 0.84 亿元( ...
迈普医学(301033) - 2025年7月3日投资者关系活动记录表
2025-07-03 11:10
Company Overview - Mypu Medical is a technology-driven enterprise focused on high-performance implantable medical devices, specifically in the neurosurgery field, and is one of the few domestic companies entering the global high-end market [3][4]. Market Insights - The global market for absorbable hemostatic materials was valued at approximately CNY 20.2 billion in 2020 and increased to CNY 21.9 billion in 2021 [3]. - The terminal market for dural sealing materials in China was about CNY 2.275 billion in 2020 [3]. Technology Platforms - Mypu Medical has developed four major technology platforms: - **Bioprinting Technology**: Used to create artificial dura mater and absorbable repair membranes [4]. - **Digital Design and Precision Processing**: Enables high compatibility for cranial defect repair products using PEEK materials [4]. - **Selective Oxidation and Microfiber Network Formation**: Focused on high-performance hemostatic products for neurosurgery, breaking the long-standing import monopoly [4]. - **Multicomponent Crosslinking and Gel Technology**: Developed dural adhesive products with low swelling and neutral pH, addressing sealing effectiveness and clinical application risks [4]. Product Development - The dural adhesive product received domestic NMPA registration in February 2023 and is expected to obtain EU CE certification by March 2025, with ongoing sales efforts in domestic and international markets [4][5]. - The absorbable regenerated oxidized cellulose hemostatic product is one of the few successfully industrialized products in China, demonstrating effective hemostatic capabilities [5]. Strategic Focus - Mypu Medical aims to strengthen core capabilities and seize opportunities to enhance operational efficiency, targeting improved performance in 2025 [6]. - The company is actively monitoring and participating in centralized procurement projects to leverage national and local procurement opportunities [6].
迈普医学(301033) - 2025年6月10日投资者关系活动记录表
2025-06-10 11:14
Group 1: Company Overview - Guangzhou Maipu Regenerative Medicine Technology Co., Ltd. focuses on high-performance implantable medical devices, specifically in the neurosurgery field, offering products such as artificial dura mater patches and absorbable regenerative oxidized cellulose [2][3] - The company aims to become a platform-based medical device enterprise providing comprehensive solutions for customers, entering the global high-end market [3] Group 2: Mergers and Acquisitions - The acquisition of Yijie Medical is part of the company's strategy for both organic growth and external expansion, aiming to diversify its product matrix and extend its biocomposite material technology into the interventional field [3] - The completion of the acquisition is subject to regulatory approvals, and the operational performance of the target company is not expected to impact the listed company until the transaction is finalized [3] Group 3: Market Trends and Product Development - The market for cranial and facial repair and fixation products in China is projected to reach CNY 1.75 billion in 2023, with a compound annual growth rate (CAGR) of 15.3% from 2018 to 2023 [5] - The company's cranial and facial repair and fixation system achieved sales revenue of CNY 79.8963 million in 2024, representing a year-on-year growth of 31.05% [5] Group 4: Product Innovations - PEEK material is becoming the preferred alternative to titanium due to its superior properties, and the company’s craniofacial repair and fixation system is one of the few domestic products utilizing PEEK [5] - The target company has developed the first thin-walled radial artery support catheter in China, which features a 2.5mm outer diameter, 10% smaller than existing products, enhancing its ability to address challenging lesions [8]
迈普医学推全球化境外营收增13% 拟关联重组易介医疗丰富产品矩阵
Chang Jiang Shang Bao· 2025-06-09 23:36
Core Viewpoint - The company Maipu Medical (301033.SZ) is planning its first asset restructuring post-IPO by acquiring 100% equity of Guangzhou Yijie Medical Technology Co., Ltd. to expand its product offerings and enhance its global strategy [1][3]. Financial Performance - In 2024, Maipu Medical is projected to achieve revenue of 278 million yuan, a year-on-year increase of 20.61%, and a net profit of 78.85 million yuan, up 92.9% [1][8]. - The company's overseas revenue is expected to reach 56.69 million yuan, reflecting a 13.28% increase, accounting for 20.36% of total revenue [1][8]. Acquisition Details - The acquisition will be financed through a combination of share issuance and cash payment, with the controlling shareholder, Yuan Yuyu, participating in the fundraising [1][3]. - The target company, Yijie Medical, is currently unprofitable, with projected losses of 29.51 million yuan in 2023 and 26.16 million yuan in 2024 [1][4]. Strategic Rationale - Maipu Medical aims to leverage the acquisition to diversify its product matrix and enhance its market presence in the neurovascular intervention sector [6][7]. - The target company has 11 products on the market, including 8 Class III and 3 Class II medical devices, with 2 FDA registrations, which aligns with Maipu Medical's existing product lines [6][7]. Market Position - Maipu Medical is recognized as the only domestic company with a comprehensive range of neuro-surgical implantable medical devices, covering critical needs in cranial surgery [6]. - The company has established partnerships with nearly 1,000 distributors and its products are available in around 2,000 hospitals domestically, with a market presence in over 100 countries [8].
迈普医学(301033) - 2025年6月6日投资者关系活动记录表
2025-06-06 11:00
Group 1: Company Overview - Guangzhou Maipu Regenerative Medicine Technology Co., Ltd. focuses on high-performance implantable medical devices, specifically in the neurosurgery field, offering products such as artificial dura mater patches and absorbable regenerative fibers [4][5]. - The company aims to provide comprehensive solutions for key implantable medical devices required in craniotomy surgeries [4]. Group 2: Recent Investor Relations Activity - The investor relations activity included a teleconference held on June 6, 2025, with participation from various securities firms and investment entities [2][4]. - Key personnel involved in the meeting included the Chairman and Vice General Managers, highlighting the company's commitment to transparency and communication with investors [4]. Group 3: Strategic Acquisition - The company plans to acquire 100% equity of Yijie Medical through a combination of issuing shares and cash payments, involving 10 transaction parties [10]. - This acquisition is expected to enhance the company's capabilities in the interventional medical device sector, leveraging Yijie Medical's expertise in biocompatible materials [5][10]. Group 4: Market Position and Future Plans - Yijie Medical has established a marketing team with extensive experience in promoting neuro-interventional medical devices, successfully entering major hospitals [6][7]. - The company is focused on maintaining a balance between organic growth and strategic acquisitions to enhance shareholder value and market presence [10]. Group 5: Regulatory and Financial Considerations - The asset evaluation and auditing for the acquisition are ongoing, with the final transaction price to be determined based on regulatory assessments [8]. - The company will adhere to regulatory requirements, including shareholder approval and necessary disclosures to the Shenzhen Stock Exchange and the China Securities Regulatory Commission [8].
去年净利润未过亿元的迈普医学,欲收购未盈利企业,股价复牌后大跌
Di Yi Cai Jing· 2025-06-06 07:42
Core Viewpoint - Maipu Medical announced a restructuring plan to acquire 100% of Yijie Medical, which is expected to expand its product offerings in the neurosurgery field, despite concerns over potential financial impacts due to Yijie Medical's current losses [2][3]. Group 1: Company Overview - Maipu Medical is the only company in China's neurosurgery field that offers a comprehensive range of implantable medical devices, including artificial dura mater patches and absorbable hemostatic agents [2]. - Yijie Medical specializes in the research, design, and sales of vascular interventional medical devices for neurology, with products such as neurointerventional catheters and balloon dilation catheters [2]. Group 2: Financial Performance - In 2024, Maipu Medical reported a net profit of 78.85 million yuan, showing a growth trend from 2022 to 2024 [3]. - Yijie Medical is projected to incur net losses of 29.51 million yuan in 2023 and 26.16 million yuan in 2024, raising concerns about the impact of the acquisition on Maipu Medical's financial performance [3]. Group 3: Market and Competitive Landscape - The acquisition is seen as a strategic move to enhance Maipu Medical's product categories by integrating biocomposite material technology into the interventional field [2]. - There are concerns regarding market competition, as existing products in the neurointerventional medical device sector maintain high market shares, and potential new products could disrupt the market [3].
拟购实控人旗下亏损资产,迈普医学进军介入领域
Bei Jing Shang Bao· 2025-06-05 13:25
Core Viewpoint - Maipu Medical (301033) announced a restructuring plan on June 5, proposing to acquire 100% equity of Guangzhou Yijie Medical Technology Co., Ltd. (Yijie Medical) through a combination of share issuance and cash payment, aiming to expand its biocomposite material technology from the implantation field to the interventional field [1][4]. Group 1: Acquisition Details - The acquisition involves purchasing Yijie Medical's 100% equity from ten counterparties, including Zexin Medical, which is controlled by the actual controller of Maipu Medical, Yuan Yuyu [4][8]. - The funds raised from the share issuance will be used for cash consideration, intermediary fees, transaction taxes, and to supplement working capital [4][8]. - Yijie Medical specializes in providing minimally invasive interventional solutions for cerebrovascular diseases, focusing on the development, production, and sales of neuro-interventional medical devices [5]. Group 2: Financial Performance of Yijie Medical - Yijie Medical is currently a loss-making entity, with projected net losses of approximately -29.51 million yuan and -26.16 million yuan for 2023 and 2024, respectively, despite revenues of about 11.94 million yuan and 24.41 million yuan [10]. - The company has 11 listed products, including 8 Class III and 3 Class II medical devices, with two FDA registrations, indicating a strong product portfolio in the cerebrovascular intervention market [10]. Group 3: Strategic Implications - The acquisition is expected to leverage Maipu Medical's leading technology platform in synthetic materials and Yijie Medical's experience in interventional medical devices to develop innovative biodegradable stents and other treatment materials [5]. - The transaction is classified as a related party transaction, raising potential concerns regarding transparency and fairness in the market [8][9]. Group 4: Company Performance - Maipu Medical has shown continuous growth, with projected revenues of approximately 278 million yuan for 2024, reflecting a year-on-year increase of 20.61%, and a net profit of about 79 million yuan, up 92.9% [11].
迈普医学拟收购易介医疗100%股权 打造介入生物材料的研发优势
Group 1 - The core point of the article is that Maipu Medical plans to acquire 100% equity of Yijie Medical through a combination of share issuance and cash payment, aiming to expand its product offerings in the neurosurgery field [1][2] - Maipu Medical is the only company in China that offers a comprehensive range of implantable medical devices for neurosurgery, including artificial dura mater patches and absorbable regenerated oxidized cellulose [1] - Yijie Medical specializes in providing minimally invasive interventional solutions for cerebrovascular diseases, with 11 listed products, including 8 Class III and 3 Class II medical devices, and has obtained 2 FDA registrations [2] Group 2 - The acquisition is expected to enhance Maipu Medical's product matrix and expand its market reach, leveraging existing relationships with nearly 1,000 distributors and access to around 2,000 hospitals in China [2] - The end customers of Yijie Medical's products are primarily neurology departments in hospitals, which overlap significantly with Maipu Medical's existing customer base, facilitating better marketing and sales efforts post-acquisition [2] - The transaction involves related parties, including the controlling shareholder and board members, and is subject to regulatory compliance regarding related party transactions [3]