格隆汇8月27日｜东海证券研报指出，国际医学2025年H1实现营收20.34亿元（同比-15.95%），收入端 承压的主要原因在于DRG/DIP支付方式改革深化导致住院次均费用下降影响；归母净利润-1.65亿元 （同比减亏4.98%）。分季度看，公司经营环比改善显著，2025年Q2归母净利润-0.59亿元（同比、环比 分别减亏14.68%、44.89%）。门急诊服务总量达131.91万人次，同比增长5.42%；住院服务量9.63万人 次，同比减少4.01%，主要受医保支付结构调整影响所致。公司将重点做好业务结构调整、消费类医疗 布局等措施，同步进行成本管控、提升服务效能，更加适应政策变化，推动降本增效成果显现。公司积 极探索"综合医疗+特色专科"的创新业务模式，在医美整形、康复等特色专科进行布局，核心竞争力不 断增强，盈利能力持续提升。维持"买入"评级。 ...

Group 1 - The core focus is on ensuring that the elderly population in Shenyang has access to medical care and support for aging, with a significant portion of the population being 60 years and older, approximately 2.34 million, which constitutes 30.6% of the total registered population [1] - Shenyang has established a comprehensive elderly health service system, with 83% of secondary and higher-level hospitals having set up geriatric medicine departments and 100% providing green channels for elderly patients [1] - The city has enhanced rehabilitation services, with 58 secondary and higher-level medical institutions setting up rehabilitation medicine departments and 40 offering rehabilitation outpatient services [1] Group 2 - Shenyang is actively promoting the integration of medical and elderly care services, with 27 institutions having "two certificates" for medical and elderly care integration by the end of 2024, and 280 elderly care institutions signing contracts with community health service centers [2] - A family doctor service network covers urban and rural areas, with 2,053 family doctor teams providing services to elderly individuals aged 65 and above, achieving a signing rate of 65.8% [2] - Initiatives to improve cognitive health among the elderly include the launch of an Alzheimer's prevention and treatment action, training 156 medical staff and volunteers, and screening 7,530 individuals for cognitive function [2] Group 3 - Shenyang plans to enhance elderly health services by introducing new oral health projects covering at least 300 communities and aims for 90% of secondary and higher public hospitals to have geriatric medicine departments [3] - The city will standardize cooperation agreements between medical and elderly care institutions, develop service quality assessment plans, and strengthen regulatory oversight of medical institutions within elderly care facilities [3] - For palliative care services, Shenyang will establish a quality standard system, add pilot institutions, implement professional talent training programs, and conduct strict service quality inspections to ensure high standards [3]