Summary of Xiangyu Medical Conference Call Company Overview - Xiangyu Medical has a research team of over 700 people focused on rehabilitation equipment and brain-computer interface (BCI) technology, collaborating with universities like Tianjin University and Xi'an Jiaotong University for BCI research, supported by the Ministry of Science and Technology of China [2][4][19] Core Insights and Arguments - **Technological Advantages**: Xiangyu Medical possesses significant advantages in BCI hardware, mastering core technologies including key components and chips, with superior compatibility and adaptability compared to competitors focused on single fields [2][6] - **Innovative Solutions**: The company has solved interference issues in EEG information collection through technological innovation, obtaining a patent that allows for tight electrode connection without the need for hair washing or conductive paste, thus improving clinical trial success rates [2][8] - **Transition to Active Rehabilitation**: Initially focusing on self-research and use, Xiangyu plans to open its BCI technology to industry rehabilitation equipment manufacturers, transitioning from passive to active rehabilitation [2][9] - **Cost Management**: The increase in costs primarily comes from EEG information collection devices, but in-house development reduces direct material costs, allowing for flexible pricing strategies [11] Industry Dynamics - **Market Standards**: Provinces like Hubei, Zhejiang, and Shandong have established charging standards for BCI-related products, which directly impact hospital purchasing power and company profit margins [4][12][13] - **Pricing Strategy**: The price for portable and wearable devices with BCI technology is expected to range from 100,000 to 150,000 yuan, while desktop dual-channel devices may reach over 100,000 yuan [11] - **Insurance Coverage**: The BCI adaptation fee of 966 yuan varies by region, with implications for insurance reimbursement affecting patient access and company profitability [15][17] Research and Development - **R&D Team Composition**: The R&D team includes experts from prestigious universities, with a focus on collaborative efforts to develop products that integrate BCI technology with rehabilitation equipment [7][20] - **Clinical Applications**: Xiangyu Medical aims to upgrade traditional rehabilitation products to include BCI functionality, enhancing clinical effectiveness through hardware modifications and software integration [10][24] Strategic Collaborations - **Partnerships with Hospitals**: Xiangyu Medical collaborates with top-tier hospitals to create demonstration effects, gradually expanding to lower-tier hospitals and community health centers [21][23] - **Research and Innovation**: The company engages in a collaborative model with hospitals, allowing for the development of new products based on clinical feedback, benefiting both parties economically and academically [22][23] Future Outlook - **Market Expansion**: Xiangyu Medical is positioned to lead in the rehabilitation equipment sector, with BCI technology expected to drive innovation and revenue growth in the rehabilitation field [24]