30余款新品助力，家用医疗器械巨头鱼跃医疗海外业务增长强劲

Core Insights - Yuyue Medical reported a revenue of 7.566 billion yuan and a net profit of 1.806 billion yuan for 2024, with a revenue of 2.436 billion yuan in Q1 2025, representing a year-on-year growth of 9.17% [1][4] - The company launched over 30 innovative products at its spring product launch event, focusing on the integration of AI and healthcare, marking a new era of "hardware + AI + ecosystem" in the medical industry [1][14] Financial Performance - In 2024, Yuyue Medical achieved a revenue of 7.566 billion yuan and a net profit of 1.806 billion yuan, with a non-recurring net profit of 1.393 billion yuan [1] - For Q1 2025, the company reported a revenue of 2.436 billion yuan, showing a year-on-year increase of 9.17% and a net profit of 625 million yuan [1] Product Development and Innovation - The company introduced over 30 new products across key strategic areas such as respiratory therapy, blood glucose management, and home health monitoring solutions [8] - The Anytime5 continuous glucose monitoring system achieved a key technical breakthrough with a mean absolute relative difference (MARD) of 8.58% [8] - The HeartSave H7/H8 series AED features GPS and Beidou positioning, enhancing emergency response capabilities [10] Market Expansion and Strategy - Yuyue Medical's overseas revenue reached 949 million yuan in 2024, marking a year-on-year growth of 30.42%, with significant developments in Europe, South America, and Asia [4] - The company has established R&D centers in Germany, Shanghai, and Shenzhen, and has set up subsidiaries in Thailand and Germany to enhance localized operations [4] - The company is actively pursuing regulatory approvals in various regions, having registered 103 overseas certifications, including EU MDR certification for AED products [4] AI Integration and Future Plans - The launch of the Yuyue Medical AI model aims to enhance health management through data integration and collaboration with Tencent's health ecosystem [14] - The company plans to accelerate the rollout of AI-driven healthcare products and establish an open developer model for its AI health manager [14] - Yuyue Medical emphasizes a long-term vision, focusing on global expansion and continuous innovation in the healthcare sector [3][14]