Mindray(SZ:300760)2025-04-28 14:46Financial Performance - In 2024, the total revenue reached 367.3 billion CNY, with a year-on-year growth of 5.1% [3] - The net profit attributable to shareholders was 116.7 billion CNY, showing a growth of 0.7% after excluding financial expenses [3] - Operating cash flow net amount was 124.3 billion CNY, reflecting a year-on-year increase of 12.4% [3] - For Q1 2025, revenue was 82.4 billion CNY, a decrease of 12.1% compared to Q1 2024 [3] - The net profit for Q1 2025 was 26.3 billion CNY, down 16.8% from Q1 2024 [3] Shareholder Returns - The total dividend amount for 2024 was 76.0 billion CNY, an increase of 8.1% year-on-year [4] - The dividend payout ratio for 2024 was 65.1% [5] - The company plans to distribute 6.8 billion CNY in 2025 and aims for a total of 17.1 billion CNY in the first mid-year profit distribution [4] Business Segments - The in-vitro diagnostics segment generated 137.6 billion CNY in revenue, with a year-on-year growth of 10.8% [6] - The medical imaging segment reported 75.0 billion CNY in revenue, growing by 6.6% [6] - The life information and support segment had revenue of 135.6 billion CNY, down 11.1% year-on-year [6] - International revenue accounted for 44.7% of total revenue, with significant growth in developing countries [6] R&D and Innovation - R&D investment reached 40.1 billion CNY, constituting 10.9% of total revenue [6] - The company holds a total of 5,786 patents, with a focus on innovation in AI and smart healthcare solutions [6] AI and Smart Healthcare Initiatives - The launch of the "Qiyuan Critical Care Medical Model" in December 2024 integrates IoT, cloud computing, and AI to enhance clinical decision-making [8] - The model has been implemented in several top medical institutions, improving efficiency and accuracy in critical care [9] Market Expansion - By the end of 2024, the company had installed equipment in over 1,600 hospitals domestically, with significant growth in tier-3 hospitals [11] - Internationally, the "M-Connect" project has signed contracts with over 650 projects, with 250 new contracts in 2024 [11] - The "Ruiying Cloud ++" platform has been deployed in multiple countries, enhancing remote training and academic exchange [13]