After every express, CITIC Construction Investment pointed out that the turning point of the medical apparatus industry has arrived, and the leaders of each sub-track with strong internationalization ability and good medium and long-term growth logic are expected to usher in the turning point. 1) Q2 or Q3 is expected to have high performance growth or gradually usher in the target of the turning point; 2) Short-term performance is under pressure, but long-term growth is stable, and companies with hope to accelerate growth in 26 years; 3) Potential performance and valuation repair related to centralized procurement optimization policies; 4) Medical new technology directions such as brain-computer interface, AI medical, surgical robots, exoskeleton robots, etc.