Meray Medical's performance in the first quarter improved significantly compared to the previous quarter, and its domestic business is expected to experience a major turning point starting in the third quarter of this year.

Meier Medical released its "First Quarter Report 2025". During the reporting period, the company achieved operating income of 8.237 billion RMB, and net profit attributable to shareholders of the listed company of 2.629 billion RMB, both showing a decrease compared to the same period last year. However, compared to the fourth quarter of last year, benefiting from the continuous breakthrough of high-end customers overseas and the marginal recovery of the overall bidding scale in the domestic medical industry, Meier Medical's operating income increased by 13.76% and net profit attributable to shareholders of the listed company increased by 154.85%. Among them, domestic revenue grew by more than 50% sequentially, and the operational quality continued to improve. Meier Medical stated that if the monthly bidding data for medical equipment continues to show a trend of continuous improvement, and taking into account the issue of deviation of revenue base between the first and second halves of the past two years, the company is confident that its domestic business will experience a significant turning point starting from the third quarter of this year.