中国医疗健康-2025 年 11 月中国医疗设备招标：同比增速超预期，上调基准假设-China Healthcare_ Nov 2025 China hospital equipment bidding_ Higher-than-expected yoy growth; lifting base case assumption

11 December 2025 | 7:23AM CST Equity Research China Healthcare: Nov 2025 China hospital equipment bidding: Higher-than-expected yoy growth; lifting base case assumption We note that, while we have made a modest upward revision to our industry outlook, we maintain our earnings forecasts for our two covered companies, Mindray and United Imaging. Our existing estimates already incorporate the assumption that both companies will outperform the industry, and this latest industry-level adjustment does not alter o ...