Core Insights - The company, Mindray Medical, has encountered a significant slowdown in revenue growth, with 2024 revenue at 36.73 billion yuan, marking a drastic decline to 5.14% growth, the lowest since its A-share listing in 2018 [1] - The net profit attributable to shareholders was 11.67 billion yuan, showing a minimal increase of 0.74% [1] - The company's employee stock ownership plan faced a "failure to unlock" due to unmet performance targets, resulting in the management committee reclaiming shares [1] Business Performance - Mindray Medical's double-digit growth, a hallmark of its performance from 2018 to 2023, has come to a halt in 2024 [2] - The in-vitro diagnostics segment has become the largest revenue source, generating approximately 13.765 billion yuan with a year-on-year growth of 10.82% [2] - The medical imaging segment reported revenue of 7.498 billion yuan, growing by 6.6%, while the previously dominant life information and support segment saw a revenue decline of 11.11% to 13.557 billion yuan [2] Market Dynamics - The international market for Mindray Medical showed strong performance with a revenue increase of 21.28%, accounting for about 45% of total revenue [3] - The Asia-Pacific region, particularly Australia, Thailand, and India, experienced nearly 40% growth, while the European market rebounded over 30% [3] - Conversely, the domestic market faced challenges, with a revenue decline of 5.1% due to sluggish hospital equipment procurement and the impact of the DRG 2.0 policy [3] Future Outlook - Mindray Medical is seeking recovery, noting signs of sustained improvement in domestic medical equipment procurement since December of the previous year [4] - Despite a year-on-year decline of over 20% in the first quarter, there was a more than 50% quarter-on-quarter growth compared to the last quarter of the previous year [4] - The company anticipates a "front low and back high" performance trend in 2025, with a significant turning point in overall revenue growth expected to emerge in the third quarter [4]

据英国金融时报：赛默飞计划以40亿美元出售其部分诊断业务。 ...

本报记者李雯珊见习记者刘晓一 4月29日，中国医疗器械龙头深圳迈瑞生物医疗电子股份有限公司（以下简称"迈瑞医疗"）发布2024年 年度报告。报告期内，公司实现营业收入367.26亿元，同比增长5.14%；实现归属于上市公司股东的净 利润（以下简称"净利润"）116.68亿元，同比增长0.74%；经营活动产生的现金流量净额124.32亿元，同 比增长12.38%。 公告显示，公司主营业务收入持续增长，主要受益于不断扩大的全院级数智化整体解决方案优势、加速 突破的海外高端客户群、国内外市场份额稳步提升，以及在研发、生产、营销、服务等方面的竞争优 势。 报告期内，公司生命信息与支持业务实现营收135.57亿元，其中微创外科业务同比增长超过30%，国际 生命信息与支持业务实现了同比双位数增长；体外诊断业务实现营收137.65亿元，同比增长10.82%，收 入体量首次超过生命信息与支持业务，跃升为公司第一大业务板块，其中国际体外诊断业务同比增长超 过30%；医学影像业务实现营收74.98亿元，同比增长6.60%，其中国际医学影像业务同比增长超过 15%。 公司长期增长逻辑的背后是对于研发的坚守。2024年，迈瑞医疗研发 ...