Core Viewpoint - Jefferies' research report indicates that MicroPort Robotics achieved over 30 new overseas orders in the first half of the year, compared to the full-year guidance of 40 orders set for early 2025, suggesting strong visibility in order growth [1] Financial Performance - The management maintains a full-year revenue growth guidance of 85%, with a year-on-year increase of 77% in the first half [1] - The company reported a mid-term net loss of 113 million yuan, with gross margin decreasing from 47.4% in the same period last year to 40.7% [1] - Research and development expense ratio decreased to 50.4% [1] Market Outlook - Jefferies expects the domestic competitive landscape to remain manageable, adjusting revenue forecasts for the next two years upward by less than 1% and 5% respectively, reflecting robust overseas orders [1] - The firm maintains a "Buy" rating, raising the target price from 32 HKD to 35 HKD [1]