生殖康复和抗衰产品
Search documents
【麦澜德(688273.SH)】专注女性健康和美,“医疗+消费”双轮驱动——投资价值分析报告(黄素青)
光大证券研究· 2026-01-05 23:05
Core Viewpoint - The company has established itself as a leader in the female pelvic floor dysfunction (PFD) market in China, focusing on a comprehensive range of products and services that cater to women's health throughout their life cycle, with a strong emphasis on innovation and technology [4][5]. Group 1: Company Overview - Founded in 2013, the company specializes in the research, development, and sales of pelvic floor and obstetric rehabilitation devices, expanding into areas such as reproductive anti-aging, sports rehabilitation, and light medical aesthetics [4]. - The company has developed a product matrix that includes various energy source technologies such as ultrasound, laser, electrophysiology, electrical stimulation, magnetic stimulation, and high-frequency methods, leading the industry [4]. - As of mid-2025, the company has established a presence in over 8,700 hospitals and 6,000 outpatient professional institutions, with core executives holding more than 60% of shares [4]. Group 2: Market Potential - The prevalence of PFD among women in China is high, with over 280 million potential patients, yet the treatment and consultation rates remain low, indicating significant market demand [5]. - The company has created a comprehensive service model that includes screening, assessment, treatment, and home rehabilitation, positioning itself as a leader in the field [5]. - Revenue from pelvic rehabilitation products is expected to exceed 160 million yuan in 2023-2024, driven by aging demographics and increasing health awareness [5]. Group 3: Business Growth Strategy - The company is leveraging a dual-driven strategy of "medical + consumer" to enhance growth in reproductive health and anti-aging sectors, responding to the increasing demand from older and multi-child mothers [6]. - Through strategic acquisitions, the company has developed two major business systems focused on reproductive and skin health, providing comprehensive health management solutions [6]. - The revenue CAGR for reproductive rehabilitation and anti-aging products is projected to be as high as 90.1% from 2021 to 2024, supported by product upgrades and channel expansion [6]. Group 4: Future Prospects - The brain-computer interface (BCI) market presents significant growth opportunities, driven by an aging population and increasing clinical needs for neurological and degenerative diseases [8]. - The company is actively involved in high-barrier BCI technology and has initiated several national and provincial research projects, aiming to establish a comprehensive neuro-rehabilitation system [8]. - The development of a multimodal closed-loop neural regulation system is underway, with commercial products expected to be launched and generate revenue starting in 2026 [8].
每周股票复盘:麦澜德(688273)上半年营收增5.62%,净利降11.96%
Sou Hu Cai Jing· 2025-09-06 21:48
Core Viewpoint - The company, 麦澜德, reported a decline in net profit for the first half of 2025 despite a revenue increase, primarily due to the disposal of a subsidiary's bad assets [2][3][7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 241 million yuan, representing a year-on-year growth of 5.62% [2][3][7]. - The net profit attributable to shareholders was 63.92 million yuan, showing a year-on-year decrease of 11.96% [2][3][7]. Business Segments - The reproductive rehabilitation and anti-aging product lines were the main contributors to revenue growth, with a 42.45% increase in income from these segments, amounting to 79.84 million yuan [4][7]. - The company focuses on non-invasive brain-computer interface technology, with existing technical accumulations in upper limb and hand robotics, non-invasive neural regulation, and multi-modal physiological signal collection [4]. Strategic Initiatives - The company is developing emotional interaction products based on a national key research and development project, with plans to conduct clinical pre-experiments within the year [4]. - The overseas business primarily focuses on pelvic floor products, targeting Southeast Asia, with efforts to enhance promotion through exhibitions and academic exchanges [5]. Corporate Governance - The company plans to hold a second extraordinary general meeting in 2025 to discuss three proposals, including the reappointment of an auditing firm and the cancellation of the supervisory board [6].
麦澜德(688273.SH):目前运动康复产品收入占比较小 暂未对公司业绩产生重大影响
智通财经网· 2025-08-12 12:44
Core Viewpoint - The company, 麦澜德 (688273.SH), is engaged in the research, development, production, and sales of medical devices related to pelvic floor and obstetric rehabilitation, with a focus on various rehabilitation products and information technology solutions [1] Group 1: Company Overview - 麦澜德 specializes in medical devices for pelvic floor and obstetric rehabilitation, reproductive rehabilitation, anti-aging, sports rehabilitation, consumables, and information technology products [1] - The company's revenue from sports rehabilitation products is currently small and has not significantly impacted overall performance [1]
麦澜德:目前公司运动康复产品收入占比较小
Zheng Quan Shi Bao Wang· 2025-08-12 12:06
Core Viewpoint - The company, 麦澜德, has announced unusual fluctuations in its stock trading, indicating potential market interest or concern regarding its performance in the medical device sector focused on pelvic and gynecological rehabilitation [1] Company Overview - 麦澜德 primarily engages in the research, development, production, and sales of medical devices related to pelvic and gynecological rehabilitation [1] - The company's main product offerings include pelvic and gynecological rehabilitation, reproductive rehabilitation, anti-aging products, sports rehabilitation, consumables, and information technology products [1] Financial Impact - Currently, the revenue contribution from sports rehabilitation products is relatively small and has not significantly impacted the company's overall performance [1]