Summary of Meiya Optoelectronics Conference Call Company Overview - **Company**: Meiya Optoelectronics - **Industry**: Medical Devices and Resource Recycling Key Points Financial Performance - In the first half of 2025, Meiya Optoelectronics reported a revenue growth of **10%** and a net profit increase of **11%** [3] - The color sorting machine segment showed a particularly strong performance with a **15%** growth in business and an improvement in gross margin [3] - The medical segment stabilized after a decline, with revenue remaining flat compared to the previous year, although gross margin decreased [3] Business Segments - The oral healthcare business revenue was approximately flat year-on-year, with a slight decline of **0.5%** [6] - The recycling resource business accounted for **20%** of the color sorting machine's total revenue, showing rapid growth in the first half of 2025 [15] - The overseas medical device business has registered in over **50** countries, achieving double-digit growth despite challenges [4][20] Strategic Initiatives - Meiya Optoelectronics is focused on enhancing core competitiveness and flexible marketing strategies to expand sales in the oral healthcare sector [9] - The company is leveraging AI and digital technologies to improve production efficiency and effectiveness, including the launch of the AI-powered Meiya Engine for oral CBCT [11] - The company plans to maintain a high dividend policy while investing **185 million yuan** in a new project, ensuring cash flow remains unaffected [4][25] Market Outlook - The company expects to maintain steady growth in the second half of 2025, despite potential pressures from market conditions [5] - The domestic oral healthcare industry is currently in a downturn, but Meiya Optoelectronics believes in a positive future driven by economic recovery and demographic trends [8][9] - The color sorting machine segment is anticipated to continue benefiting from increasing market demand and improved product competitiveness [23] Challenges and Responses - The domestic oral healthcare market faces intense competition and low pricing, but Meiya Optoelectronics is confident in its market position and risk resilience [8] - The company is committed to high-quality development and will not sacrifice margins for market share [9] Future Developments - The company is optimistic about the future of its mobile CT devices, which are in the early stages of market introduction [21] - Meiya Optoelectronics is evaluating its digital solutions for rice processing, which are expected to gain traction as the industry moves towards greater automation [13] Additional Insights - The gross margin for the recycling resource business is notably high, indicating strong profitability potential [19] - The company is actively working on enhancing its brand influence and service capabilities to compete effectively in the market [9] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic initiatives, market outlook, and challenges faced in the current environment.