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【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].
麦澜德12月4日获融资买入290.07万元,融资余额1.12亿元
Xin Lang Zheng Quan· 2025-12-05 01:25
Group 1 - The core viewpoint of the news is that 麦澜德 experienced a decline in stock price and had significant financing activities, indicating a high level of market activity and investor interest despite the drop [1] - As of December 4, 麦澜德's stock price fell by 1.25%, with a trading volume of 22.1014 million yuan. The financing buy amount was 2.9007 million yuan, while the financing repayment was 4.7555 million yuan, resulting in a net financing buy of -1.8548 million yuan [1] - The total financing and margin trading balance for 麦澜德 reached 112 million yuan, which accounts for 8.75% of its circulating market value, indicating a high level of financing activity compared to the past year [1] Group 2 - As of September 30, 麦澜德 had 6,402 shareholders, an increase of 17.23% from the previous period, while the average circulating shares per person decreased by 14.70% to 5,752 shares [2] - For the period from January to September 2025, 麦澜德 reported a revenue of 344 million yuan, representing a year-on-year growth of 4.01%, while the net profit attributable to shareholders was 95.9987 million yuan, showing a slight decrease of 0.07% year-on-year [2] - 麦澜德 has distributed a total of 297 million yuan in dividends since its A-share listing, with 247 million yuan distributed over the past three years [3]
麦澜德股价涨5.04%,华夏基金旗下1只基金位居十大流通股东,持有70.15万股浮盈赚取126.28万元
Xin Lang Cai Jing· 2025-12-01 05:44
Group 1 - The core viewpoint of the news is that 麦澜德 (Milan Medical Technology Co., Ltd.) has seen a stock price increase of 5.04%, reaching 37.52 CNY per share, with a total market capitalization of 3.752 billion CNY as of the report date [1] - The company, established on January 16, 2013, and listed on August 11, 2022, specializes in the research, production, sales, and services related to pelvic floor and postpartum rehabilitation products [1] - The revenue composition of the company includes pelvic rehabilitation products (36.98%), reproductive rehabilitation products (33.10%), consumables and accessories (24.32%), sports rehabilitation products (2.77%), and other products (2.84%) [1] Group 2 - Among the top circulating shareholders of 麦澜德, 华夏稳增混合 (Huaxia Stable Growth Mixed Fund) reduced its holdings by 550,500 shares in the third quarter, now holding 701,500 shares, which accounts for 1.9% of the circulating shares [2] - The fund has achieved a year-to-date return of 36.83% and a one-year return of 32.03%, ranking 1759 out of 8199 and 2264 out of 8131 in its category, respectively [2] - The fund manager, 彭海伟 (Peng Haiwei), has a tenure of 11 years and 322 days, with the fund's total asset size at 1.314 billion CNY [3]
麦澜德跌2.02%,成交额711.96万元,主力资金净流入68.69万元
Xin Lang Cai Jing· 2025-11-04 01:59
Core Viewpoint - 麦澜德's stock price has shown significant volatility, with a year-to-date increase of 73.20%, but a recent decline of 4.53% over the past five trading days, indicating potential market fluctuations and investor sentiment changes [1][2]. Company Overview - 南京麦澜德医疗科技股份有限公司, established on January 16, 2013, and listed on August 11, 2022, specializes in the research, production, sales, and services related to pelvic and postpartum rehabilitation products [1]. - The company's revenue composition includes: pelvic rehabilitation products (36.98%), reproductive rehabilitation products (33.10%), consumables and accessories (24.32%), sports rehabilitation products (2.77%), and other products (2.84%) [1]. Financial Performance - For the period from January to September 2025, 麦澜德 reported a revenue of 344 million yuan, reflecting a year-on-year growth of 4.01%, while the net profit attributable to shareholders was approximately 95.6 million yuan, showing a slight decrease of 0.07% [2]. - Since its A-share listing, 麦澜德 has distributed a total of 268 million yuan in dividends [3]. Shareholder and Market Activity - As of September 30, 2025, 麦澜德 had 6,402 shareholders, an increase of 17.23% from the previous period, with an average of 5,752 circulating shares per shareholder, down by 14.70% [2]. - The stock has seen significant trading activity, with a recent net inflow of 686,900 yuan from major funds, indicating ongoing interest from institutional investors [1].
麦澜德股价跌5.02%,汇添富基金旗下1只基金位居十大流通股东,持有36.38万股浮亏损失80.04万元
Xin Lang Cai Jing· 2025-10-17 02:45
Group 1 - The core point of the article highlights the recent decline in the stock price of Mylande, which fell by 5.02% to 41.63 CNY per share, with a trading volume of 63.59 million CNY and a turnover rate of 4.08%, resulting in a total market capitalization of 4.163 billion CNY [1] - Mylande Medical Technology Co., Ltd. specializes in the research, development, production, sales, and services related to pelvic floor and postpartum rehabilitation products, with its main business revenue composition being 36.98% from pelvic rehabilitation products, 33.10% from reproductive rehabilitation products, 24.32% from consumables and accessories, 2.77% from sports rehabilitation products, and 2.18% from other supplementary products [1] Group 2 - Among Mylande's top ten circulating shareholders, a fund under Huatai PineBridge holds a position, having reduced its holdings by 29.94 thousand shares in the second quarter, now holding 36.38 thousand shares, which accounts for 0.99% of the circulating shares [2] - The Huatai Growth Focus Mixed Fund (519068) has a total asset size of 2.851 billion CNY and has achieved a year-to-date return of 18.61%, ranking 4578 out of 8160 in its category, with a one-year return of 15.36%, ranking 5161 out of 8021 [2]
麦澜德股价涨5%,汇添富基金旗下1只基金位居十大流通股东,持有36.38万股浮盈赚取72.76万元
Xin Lang Cai Jing· 2025-10-15 02:53
Group 1 - The core viewpoint of the news is that 麦澜德 (Milan Medical Technology Co., Ltd.) has seen a 5% increase in stock price, reaching 42.00 CNY per share, with a total market capitalization of 4.2 billion CNY [1] - The company, established on January 16, 2013, and listed on August 11, 2022, specializes in the research, production, sales, and services related to pelvic floor and postpartum rehabilitation products [1] - The main revenue composition of the company includes pelvic rehabilitation products (36.98%), reproductive rehabilitation products (33.10%), consumables and accessories (24.32%), sports rehabilitation products (2.77%), and other products (2.84%) [1] Group 2 - From the perspective of major circulating shareholders, 汇添富成长焦点混合 (Huitianfu Growth Focus Mixed Fund) reduced its holdings by 29.94 thousand shares, now holding 36.38 thousand shares, which accounts for 0.99% of the circulating shares [2] - The fund has achieved a year-to-date return of 15.32%, ranking 4855 out of 8161 in its category, and a one-year return of 8.62%, ranking 5748 out of 8015 [2] - The fund manager, 陈潇扬 (Chen Xiaoyang), has been in position for 3 years and 290 days, with the fund's total asset size at 2.851 billion CNY [3]
麦澜德10月13日获融资买入1055.95万元,融资余额1.26亿元
Xin Lang Cai Jing· 2025-10-14 01:35
Core Insights - 麦澜德 experienced a decline of 2.20% in stock price on October 13, with a trading volume of 59.89 million yuan [1] - The company reported a financing net buy of -7.29 million yuan on the same day, indicating more financing repayments than new purchases [1] - As of October 13, the total financing and securities lending balance for 麦澜德 was 126 million yuan, which is 8.53% of its market capitalization [1] Financial Performance - For the first half of 2025, 麦澜德 achieved operating revenue of 241 million yuan, reflecting a year-on-year growth of 5.62% [2] - The net profit attributable to shareholders for the same period was 63.92 million yuan, showing a year-on-year decrease of 11.96% [2] Shareholder Information - As of June 30, 2025, 麦澜德 had 5,461 shareholders, an increase of 10.84% from the previous period [2] - The average number of circulating shares per shareholder was 6,743, which decreased by 9.78% compared to the last period [2] - The company has distributed a total of 268 million yuan in dividends since its A-share listing [3] Institutional Holdings - Among the top ten circulating shareholders, 华夏稳增混合 (519029) is the third largest, holding 1.25 million shares, an increase of 141,700 shares from the previous period [3] - 中信建投轮换混合A (003822) and 中信建投甄选混合A (008347) are new entrants in the top ten shareholders, holding 656,200 shares and 563,300 shares respectively [3] - 汇添富成长焦点混合 (519068) is the tenth largest shareholder, holding 363,800 shares, a decrease of 299,400 shares from the previous period [3]
麦澜德10月10日获融资买入914.28万元,融资余额1.33亿元
Xin Lang Cai Jing· 2025-10-13 01:41
Core Insights - On October 10, 麦澜德 experienced a decline of 1.78% with a trading volume of 61.79 million yuan [1] - The company reported a financing buy-in of 9.14 million yuan and a financing repayment of 10.99 million yuan, resulting in a net financing buy of -1.86 million yuan [1] - As of October 10, the total financing and securities balance for 麦澜德 was 133 million yuan, which accounts for 8.83% of its circulating market value, indicating a high level of financing [1] Financing and Securities - 麦澜德's financing buy on October 10 was 9.14 million yuan, with a current financing balance of 133 million yuan, exceeding the 80th percentile of the past year [1] - There were no shares sold or repaid in the securities lending market on the same day, with a securities lending balance of 0.00 yuan, also indicating a high level [1] Company Overview - 南京麦澜德医疗科技股份有限公司, established on January 16, 2013, and listed on August 11, 2022, focuses on the development, production, sales, and services related to pelvic floor and postpartum rehabilitation products [1] - The company's main revenue sources include pelvic rehabilitation products (36.98%), reproductive rehabilitation products (33.10%), consumables and accessories (24.32%), sports rehabilitation products (2.77%), and other products (2.84%) [1] Financial Performance - As of June 30, 麦澜德 had 5,461 shareholders, an increase of 10.84% from the previous period, with an average of 6,743 circulating shares per person, a decrease of 9.78% [2] - For the first half of 2025, 麦澜德 reported a revenue of 241 million yuan, a year-on-year increase of 5.62%, while the net profit attributable to shareholders was 63.92 million yuan, a decrease of 11.96% [2] Dividend and Shareholding - Since its A-share listing, 麦澜德 has distributed a total of 268 million yuan in dividends [3] - As of June 30, 2025, major shareholders include 华夏稳增混合 (519029) as the third-largest shareholder with 1.25 million shares, and 中信建投轮换混合A (003822) as a new fifth-largest shareholder with 656,200 shares [3]
麦澜德跌2.02%,成交额6039.33万元,主力资金净流出152.80万元
Xin Lang Cai Jing· 2025-09-18 06:03
Core Viewpoint - 麦澜德's stock price has shown significant volatility, with a year-to-date increase of 77.07%, but recent declines in the short term raise questions about future performance [2][3]. Company Overview - 南京麦澜德医疗科技股份有限公司, established on January 16, 2013, and listed on August 11, 2022, specializes in the research, production, sales, and services of products related to pelvic floor and postpartum rehabilitation [2]. - The company's revenue composition includes pelvic rehabilitation products (36.98%), reproductive rehabilitation products (33.10%), consumables and accessories (24.32%), sports rehabilitation products (2.77%), and other products (2.84%) [2]. Financial Performance - For the first half of 2025, 麦澜德 reported revenue of 241 million yuan, a year-on-year increase of 5.62%, while net profit attributable to shareholders decreased by 11.96% to 63.92 million yuan [3]. - Since its A-share listing, 麦澜德 has distributed a total of 268 million yuan in dividends [4]. Shareholder and Market Activity - As of June 30, 2025, 麦澜德 had 5,461 shareholders, an increase of 10.84% from the previous period, with an average of 6,743 circulating shares per shareholder, down by 9.78% [3]. - The stock has experienced significant trading activity, with a recent net outflow of 1.528 million yuan in principal funds, indicating mixed investor sentiment [1][2].
麦澜德股价涨5.04%,汇添富基金旗下1只基金位居十大流通股东,持有36.38万股浮盈赚取73.12万元
Xin Lang Cai Jing· 2025-09-16 06:13
Company Overview - Nanjing Mailland Medical Technology Co., Ltd. was established on January 16, 2013, and went public on August 11, 2022. The company is located in Nanjing, Jiangsu Province, and specializes in the research, development, production, sales, and services related to pelvic floor and postpartum rehabilitation products [1]. Business Segmentation - The main business revenue composition is as follows: pelvic rehabilitation products account for 36.98%, reproductive rehabilitation products 33.10%, consumables and accessories 24.32%, sports rehabilitation products 2.77%, other supplementary products 2.18%, and other products 0.66% [1]. Stock Performance - On September 16, Mailland's stock rose by 5.04%, reaching a price of 41.87 CNY per share, with a trading volume of 59.33 million CNY and a turnover rate of 3.97%. The total market capitalization is 4.187 billion CNY [1]. Shareholder Information - Among the top ten circulating shareholders of Mailland, a fund under Huatai-PineBridge holds a position. The Huatai Growth Focus Mixed Fund (519068) reduced its holdings by 299,400 shares in the second quarter, now holding 363,800 shares, which represents 0.99% of the circulating shares. The estimated floating profit today is approximately 731,200 CNY [2]. Fund Performance - The Huatai Growth Focus Mixed Fund (519068) was established on March 12, 2007, with a current asset size of 2.851 billion CNY. Year-to-date returns are 18.31%, ranking 4,518 out of 8,174 in its category; the one-year return is 29.39%, ranking 5,272 out of 7,982; and since inception, the return is 355.46% [2]. Fund Management - The fund manager of Huatai Growth Focus Mixed Fund is Chen Xiaoyang, who has been in the position for 3 years and 261 days. The best fund return during his tenure is -33.12%, and the worst is also -33.12% [3].