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Express News | Shanwai Shan: Wholly-owned subsidiary obtains amended registration documentation for hemodialysis dry powder medical devices
SWS Medical Dévoile Ses Solutions Rénales De Nouvelle Génération À L'ERA 2026
Shanwai Shan (688410): Strong earnings growth in 2025 and Q1 2026; announces employee stock ownership plan
Core View: The company is one of the leading players in China's blood purification industry, with a comprehensive portfolio spanning blood purification equipment, consumables, and services. Its annual and first-quarter earnings have grown rapidly, primarily driven by improved bidding outcomes for blood purification equipment, rapid scaling of in-house consumables, and gross margin expansion.
Shanwai Shan (688410.SH) plans to launch its 2026 employee stock ownership plan.
Shanwai Shan (688410.SH) disclosed its 2026 Employee Stock Ownership Plan. Participants in the plan include directors, senior management, mid-to-senior-level managers, and core technical (or business) personnel of the company (including its branches and subsidiaries). The total number of employees participating in this employee stock ownership plan for the first time shall not exceed 75. The shares for the plan will be sourced from A-share ordinary shares of Shanwai Shan repurchased through the company’s dedicated repurchase securities account. The total amount of funds to be raised under the plan shall not exceed RMB 13.564 million, with subscriptions denominated in units of "shares," each share having a par value of RMB 1, resulting in a maximum of 13.564 million shares.
Shanwai Mountain (688410): Continued high growth in hemodialysis equipment and significant improvement in consumables profit margins
Performance Summary: Revenue reached 807 million yuan in 2025, representing a year-on-year increase of 42.24%. Net profit attributable to shareholders amounted to 146 million yuan, surging by 105.80% year-on-year. Non-recurring net profit attributable to shareholders was 139 million yuan, reflecting a significant growth of 143.21% year-on-year.
Express News | Shanwai Mountain: Shareholder Liu Yunjun's reduction plan has been fully implemented; one additional share was sold by mistake due to operational error.