Realcan(SZ:002589)2022-12-06 01:24Group 1: Company Development Focus - The company's future development focuses on acquiring medical device companies, with a primary strategy of controlling and acquiring in 2016 [1] - The business segments include pharmaceutical supply chain services, medical device supply chain services, medical logistics services, mobile medical information services, and third-party logistics [1] Group 2: National Expansion Strategy - The company aims to establish a nationwide pure distribution system through provincial expansion policies, primarily focusing on pharmaceutical operations [2] - The medical device business model involves providing delivery services to various medical institutions in Shandong Province, with plans to replicate this model across provinces [2] Group 3: Acquisition and Integration Model - The out-of-province acquisition model involves establishing wholly-owned platform companies that control multiple medical device companies, with cash acquisitions targeting a controlling stake of 51% [3] - The synergy of provincial acquisitions is reflected in integrated financial management, compliance with GSP requirements, unified upstream business policies, and enhanced bargaining power [3] Group 4: Profitability Factors - The company's gross margin is higher than that of competitors due to a direct sales model and a focus on high-value consumables in the medical device sector [3]