贝康医疗-B2025 中期报告

: 2170 2025 目錄 2 4 5 24 32 33 34 35 37 38 39 52 2025121 77 24840 H 183171712–1716 20256252025625 1526 77334 108 18127 2170 www.basecare.cn 718 PGT–A20203400181PGT BKA–210AIBKP200 BCT38CESG8003~5 BMXGeri®Gems®20257Geri®20252181382 AIiARMSAI FDACETGAIVF ++ AI Live BrowserLive MorphologyLiveViewLive StorageLive Intelligence 1.Live Browser PCRPGTLiveBrowser PGTPGT-A72%6.9%PGT-MPGT-SR 20239DA500DA50002024920243221930 20202PGT-A202034001812024102030220PGT-A 2.Live Morphology DNA4075%40%(CASA)LiveMorphology50AILive Morphology 3.Live View 6LiveView 4.Live Storage 51,000 LiveStorage3–5LiveStorage 5.Live Intelligence LiveIntelligenceiARMSAI+(IoT) AIiARMSiARMS **********1.352.3. PGT-A PGT-A(CCS)SDWGAPGT-A100%PGT-A72.0%6.9%45.0%32.0% (Schoolcraft et al. 2010Wang et al.2010)PGT-A PGT-M PGT-M PGT-MDNADNA(SNP)SNP PGT-MSNPPCRMSLCapSNPPGT-M60%PGT-M202432025 PGT-SR PGT-SRPGT-M PGT-SRPGT-SRReTSeq PGT-SR20212PGT-SR202342026 (DA500DA5000) DA50010GB150GBDA500PGTDA5002023920233221281 DA5000DA5000DA500DA500040–504DA50002024920243221930 BS1000C BS1000C96BS1000C PGT-APGT-MPGT-SR PGTPGT-APGT-MPGT-SRPGT-A2022PGT-MPGT-SR20252026PGT (Geri®) Geri® 50011CO2 BMXGeri®20202180490CEFDATGA20257Geri®2025218138230%Geri®Geri®BMX (Gems) GemspHGaviGems(HSA) 2013GemsGemsGemsCEFDATGA2025Gems (BCT38) BCT38BCT3820221120222221946 (BSG800ABSG800C) (BSG800ABSG800C)(BSG800ABSG800C)2020CE2024920242221830 (BKA210) (BKA210)202310202411(BKA210)20242222101 (BKP200) (BKP200)15 (BKP200)2025420252220581 (Gavi) GaviGaviGaviGaviCE (iARMS) iARMSAI+ AIiARMSiARMSiARMS 7IVFGMP3.32.2151,000(Geri®)(Gems)UDI30+GMPISO13485+ 2025420252220581 20257Geri®2025218138230% 20258GemsVitBase20253180356Gems11 202563014913359169567 ——(EMEA)(APAC)(North America)BMX202563017048401,000 20252Rhea FertilityRhea Labs Pte. LtdRhea LabsGeneaBiomedxRheaLabsRheaLabsAI2025225 20253IVI RMA GlobalIVI RMABMXGeri®Gems®IVI RMAPGTAIIVI RMA20 600PGT(Genie)(Genie Sequencer)(Glimmer Semen Analyser)(Gelida47)(Gelida800)(Guardian)CEFDA (i)(ii)(iii)AI (i) PGT-APGT CESG800DNA(DFI)+BKA-210BKP200+ GeneaBiomedxGeri®Gems®2025Geri®Gems®+ iARMS (ii) Genea Biomedx20600IVIRMARhea LabsIVFGeri®Gems®——(EMEA)(APAC) (iii)AI AIAIiARMS PGTBKA-210(BKP200)AIBSG800Geri®Gems®EEVA®FDAAI40% iARMSAIAIAI GeneaBiomedxIVIRMARheaLabsAIAI+AI 18A.08(3) 2024630124.718.8%2025630101.3 (i)(ii)(iii)(iv) 202463066.928.1%202563048.1 202463057.98.1%202563053.2202463046.4%202563052.5%(i)(ii) 202463025.240.9%202563014.9(i)(ii) 202463050.74.3%202563052.9——(EMEA)(APAC)(North America) 202463080.47.7%202563074.2 202463069.618.4%202563056.8 (i)(ii)202463020256303.77.2 202463020256301.41.5 2024123192.434.4%2025630124.2 20241231200.33.2%2025630193.9 20241231163.92.1%2025630160.5 20241231979.211.7%2025630865.0 2025630117.03.1%LPR219.03.30%3.65%LPR 1,898.720211116202247— 2025630 202563020241231 —— 219.02025630 100%2025630 20256304192024630528 202563082.8202463092.3 2025630 2025630XV352 (1)202563058.31% (2)2025630273,526,000(3)2025630190,812,165 2025630352 2025630336 (1)202563058.31%(2)2025630HH SPR-XIV HK Holdings LimitedHH SPR-XIV CY Holdings LimitedHH SPR-XIV CY HoldingsLimitedHH SPR-XIV Holdings L.P.Hillhouse Fund IV, L.P.HH SPR-XIVHoldings L.P.HillhouseFund IV,L.P.HHSPR-XIV CY HoldingsLimitedHH SPR-XIV Holdings L.P.Hillhouse Fund IV, L.P.HH SPR-XIV HK Holdings Limited(3)2025630(i)(ii)(4)202563070.00%(5)2025630Sino-Rock Investment Management Company LimitedSino-Rock Investment Management Company Limited(6)2025630()72.58%43.88%2025630()()51.00%35.00%99.00%(7)2025630OrbiMed Capital LLC(i) The Biotech Growth Trust Plc2,204,900H(ii) OrbiMed Genesis MasterFund,L.P.980,000H(iii)OrbiMed New Horizons Master Fund,L.P.514,500H(iv)OrbiMed PartnersMaster Fund Limited4,417,100HOrbiMed Capital LLCThe BiotechGrowth Trust PlcOrbiMed Genesis Master Fund, L.P.OrbiMed New Horizons Master Fund, L.P.OrbiMed Partners Master FundLimited (8)2025630273,526,000 (9)2025630H82,713,8352025630190,812,165 2025630336 2025121202520251113.09D(i)(ii) 13.51B(1) 2025630C.2.1 2025712025625 1,898.71,584.1 20211116202247— 2024630 2025630 13.2013.21 13.22 17.0717.08 3.10(2)3.21 2025630 24102025630 2025829 335120256303434 2410 202563034 108 2025829 11121212 1314 1 201012142020811 H202128 2 342025829 202420253 34 2024 241032 20241231202412312025328 3 21 4 (a) 15 —— 4(a) ———— (b) 10% A *10% (c) 8 4 (c) (d) (i) (i) (b) 7 (a) —— (i) 25%25% 30%2025630 (ii) 15%202311615% 100%20251231 (b) 2025630364,00029,435,0002023 8 2025630121,477,0002024630119,912,000273,526,0002024630273,526,000 2024630 9 202563019,258,00020246307,206,0005,318,000202463015,493,000 (i)(ii)(ii) (i)2022810TruMedHealth Innovation Fund LP1.5010,690,000 20256301,151,0008,244,00020241231776,0005,578,0001.1%202412311.1%20256303,048,0002024630660,00017 (ii)16(a) 11 202563020241231351,060,000413,714,000 13 14 (b) 16 (a)