翔宇医疗 20251227 摘要 翔宇医疗前三季度将约 60%的研发费用投入脑机接口领域，通过协同 20 多个事业部团队，结合康复设备与脑机接口技术，实现技术提升和产 品迭代，并在临床验证方面投入较高，为未来发展奠定基础。 公司脑控系列产品已进入超过 500 家国内顶尖临床机构，并获得良好反 馈。在国家政策支持下，积极推进产品取证及临床推广，与各地药监局 进行差异化沟通，加速注册进程，并与三甲医院共建示范病房，开展临 床研究和应用合作。 翔宇医疗通过共建示范病房或治疗专区，与各地医院展开广泛合作，推 动临床研究并积累大量数据，同时，各地医保收费政策也为商业化提供 重要支持，例如山东地区已实现每日收费，加速商业化进程。 公司计划明年推出几十款新品，使整体产品矩阵达到 100 多款，丰富产 品线，加快市场占领速度，提升临床反馈质量，通过持续的数据积累和 算法优化，不断提升技术水平，保持行业领先地位。 目前脑机接口技术对公司乃至整个行业来说仍然是新生事物，短期内不 会形成大规模销售收入贡献，预计 2026 年随着更多产品获得注册证以 及市场推广进展，将有较大体量的销售收入。 Q&A 今年翔宇医疗在脑机接口领域的布局 ...

Core Insights - The "AI + Robotics Investment Promotion Conference" was held in Hangzhou, focusing on the integration of AI and robotics, aiming to attract quality capital and innovative projects to the West Lake area [1][3] - West Lake District is leveraging its strong educational resources and innovation ecosystem to establish itself as a hub for robotics technology and industry [3][7] Group 1: Economic and Industrial Development - In 2024, the GDP of West Lake District reached 233.15 billion yuan, with a significant contribution from the digital economy, which exceeded 71 billion yuan, accounting for over 30% of the GDP [3][7] - The district has implemented comprehensive support policies covering investment, research and development, technological transformation, and talent incentives to facilitate the rapid establishment and production of robotics companies [7] Group 2: Event Highlights - The event featured presentations from five high-quality companies in the fields of medical robots, intelligent inspection robots, brain-controlled rehabilitation robots, care robots, and surgical robots, showcasing promising development prospects [4] - A keynote speech by the CTO of Shanghai United Imaging Healthcare highlighted the evolution of AI in surgical robots, emphasizing the transition from assistance to decision-making capabilities [5] Group 3: Government and Policy Support - The West Lake District is actively integrating into national and provincial AI development strategies, with initiatives like the establishment of the "Zhijiang Robot Industry Service Port," which is the first humanoid robot pilot base in the Yangtze River Delta, with a total investment of approximately 300 million yuan [3][7] - The district aims to create a favorable business environment through the launch of the first national enterprise service AI platform, "Xiaofu," to attract global entrepreneurs for mutual development [3]

Group 1 - The event "Leading Enterprises" financing docking activity focused on the biopharmaceutical sector was successfully held during the 14th China (Guangzhou) International Financial Trading Expo, with over 120 participants from various investment and financial institutions [1][3] - Six biopharmaceutical companies from Guangzhou presented their projects, covering areas such as remote medical solutions for respiratory diseases, antiviral drugs, central nervous system drugs, organ fibrosis treatments, and medical devices for glaucoma [3] - The Guangzhou government is actively supporting the development of private enterprises by facilitating connections with universities and financial institutions, as well as helping companies expand their resource channels [3] Group 2 - Guangzhou is accelerating the construction of a modern industrial system, with "biopharmaceuticals and health" identified as one of six emerging pillar industries and "biomanufacturing" as one of five strategic leading industries [3] - The Guangdong Equity Exchange Center and Guangzhou Financial Development Service Center will enhance their role in financing and docking services, aiming to promote the rapid development of the biopharmaceutical and health industry in Guangzhou [3]