CITIC Securities: The performance and valuation of the medical device sector are continuously improving, focusing on companies with high growth in the third quarter.

The CITIC Securities research report stated that after four consecutive years of adjustment, the medical device sector has seen an increase this year. Most companies have shown a trend of improving performance throughout the year, with more significant improvements in the second half of the year. In the short term, it is recommended to seize the opportunity to evaluate and repair the performance of stocks with improved performance in the third quarter of 2025 and 2026. It is expected that many companies will benefit from the volume of new products and new business in the third quarter, achieving sequential improvement or high growth on a low base from the same period last year. It is also recommended to pay attention to thematic investment opportunities in new technologies such as brain-machine interfaces. In the long term, investment opportunities in the medical device industry come from innovation, international expansion, and mergers and acquisitions. The sector's innovation and internationalization capabilities are being recognized, and valuations are being reassessed.