Steady Medical: The operating profit margin is expected to increase year-on-year by 2025.

Stable Medical recently stated during institutional research that by 2025, the overall profitability of the company's two main businesses is showing a steady improvement. In 2024, the operating profit margin of the medical business was 7.6%; the operating profit margin of Cotton Era was 12.1%, and has been steadily increasing since 2022. Looking ahead to 2025, the phase of the medical business being affected by public health events has basically ended, and the work of reducing overcapacity and inventory in protective products has been completed, with the operating profit margin expected to increase year-on-year. The momentum of the Cotton Era brand is rising, consumer recognition is increasing, the product structure is optimized, cost reduction and efficiency improvement results are significant, and the expected gross profit margin is positive; marketing efforts are becoming more precise, management expenses are expected to decrease, and the overall operating profit margin of the consumer goods business is expected to continue to rise.