证券代码：300015 证券简称：爱尔眼科 爱尔眼科医院集团股份有限公司投资者关系活动记录表 编号：2026-001 投 资 者 关 系 活动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参 与 单 位 名 称 及 人 员 姓 名 新华资产：吕连忠、张滢潭、朱婕、李浩；中信建投证券：吴严、 郭洁。 时间 2026 年 1 月 21 日 地点 公司会议室 上 市 公 司 接 待人员姓名 董事长：陈邦 董秘：吴士君 董事会办公室工作人员 投 资 者 关 系 活 动 主 要 内 容介绍 1、如何看待现阶段国内眼科医疗行业？公司如何应对？ 答：近几年，对于国内眼科医疗服务行业而言，外部环境极 具挑战性。我们判断，目前行业已逐步走出调整期。医疗行业需 求既有刚性又有弹性，随着国家各项稳增长、稳预期政策落地， 国内需求不断提振，眼科行业需求将随之上升。 中国人口基数巨大，眼科各亚专科服务的渗透率很低。青少 年和中青年年龄段的近视率高企，带来大量的屈光、视光服务需 求。同时，老龄化程度加深，白内障、青光眼、视网膜病变等年 龄相关性眼病 ...

Group 1 - The core point of the article is that Huaxia Eye Hospital announced the termination of its 2025 employee stock ownership plan during its board meeting held on December 29, 2025 [1] - For the first half of 2025, Huaxia Eye Hospital's revenue composition is as follows: refractive services accounted for 36.9%, comprehensive optometry projects 24.04%, cataract services 20.14%, posterior segment projects 12.94%, and other businesses 5.99% [1] - As of the report date, Huaxia Eye Hospital has a market capitalization of 15.3 billion yuan [1]

Company Overview - Huaxia Eye Hospital (SZ 301267) announced the convening of its third board meeting on October 28, 2025, to review the mid-year profit distribution plan for 2025 [1] - As of the report, Huaxia Eye Hospital has a market capitalization of 16.3 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Huaxia Eye Hospital is as follows: - Refractive services account for 36.9% - Comprehensive optometry projects account for 24.04% - Cataract services account for 20.14% - Posterior segment projects account for 12.94% - Other services account for 5.99% [1]

Company Overview - Huaxia Eye Hospital (SZ 301267) announced an investor research meeting scheduled for September 16, 2025, where the company’s board secretary and securities representatives will address investor inquiries [1] Financial Performance - For the first half of 2025, Huaxia Eye Hospital's revenue composition is as follows: Refractive services account for 36.9%, comprehensive optometry projects for 24.04%, cataract services for 20.14%, posterior segment projects for 12.94%, and other services for 5.99% [1] - As of the report date, Huaxia Eye Hospital has a market capitalization of 17.9 billion yuan [1]

Core Insights - The company reported a revenue of 20.983 billion yuan for 2024, representing a 3.0% increase, and a net profit attributable to shareholders of 3.56 billion yuan, up 5.9% [1] - The Q4 2024 single-quarter revenue was 4.68 billion yuan, an 8.4% increase, while the net profit attributable to shareholders decreased by 41.3% to 104 million yuan [2] - For Q1 2025, the company achieved a revenue of 6.026 billion yuan, a 16.0% increase, and a net profit of 1.05 billion yuan, up 16.7% [2] Financial Performance - The company's revenue from various segments in 2024 included: - Refractive and optical: 7.6 billion yuan (+2.3%) - Cataract: 3.49 billion yuan (+4.9%) - Anterior segment: 1.9 billion yuan (+6.0%) - Posterior segment: 1.5 billion yuan (+8.2%) - Gross margins for these segments were 55.1%, 34.7%, 41.2%, and 31.4% respectively, with slight declines year-over-year [2] - The expense ratios for 2024 were: - Sales: 10.3% - Management: 14.2% - R&D: 1.5% - Financial: 1.0% [2] Operational Highlights - The company recorded an outpatient volume of 16.94 million visits in 2024, a 12.1% increase, and performed 1.29 million surgeries, a 9.4% increase [3] - By the end of 2024, the company had established a global network of 974 medical facilities, with 811 in mainland China [3] - The overseas revenue reached 2.63 billion yuan, accounting for 12.5% of total revenue, indicating a growing international presence [3] Investment Outlook - The company adjusted its revenue forecasts for 2025 and 2026 to 23.43 billion yuan and 25.96 billion yuan, respectively, with growth rates of 11.7% and 10.8% [4] - The net profit forecasts for the same years are 4.07 billion yuan and 4.65 billion yuan, with corresponding growth rates of 14.5% and 14.2% [4] - The company maintains a "buy" rating with projected EPS of 0.44 yuan for 2025 and 0.50 yuan for 2026 [4]