The world's first 3D printed individualized full-radius implant surgery was successfully completed in the hospital. Mr. Fang is 27 years old and is an electrical engineer. After a fall injury two years ago, the talus fracture was caused, and the treatment was ineffective for many years. Mr. Fang’s talus has collapsed and necrosis. Other hospitals have advised him to do sputum-distance-transplantation surgery, but after doing this surgery, the young Mr. Fang can no longer walk freely. On June 29, the Southwest Hospital Orthopedic Sports Center received him.
The director of the center, Tang Kang, said that the key technology of surgery lies in "bone mud." During the operation, the doctor will take a step to separate Mr. Fang's own healthy bones, whipped into finely divided bone particles, and added BMP, and bone-promoting proteins to make "bone mud."
In the talus made of titanium alloy and special materials in advance, there are many micropores left. After the bone mud is poured into the micropores, the suture is sutured. When the bone mud grows, the patient recovers the walking ability and is slightly slow. Speed ​​running is not a problem, as long as there is no big sport such as basketball football, there is no big problem.
In addition, the talus of this 3D printing is still focused on the weight bearing. The density of the bearing surface is greater than the density of the non-load bearing. Therefore, different printing methods have been adopted for different parts, such as taking light weight surface. Atomization printing method, etc.
According to reports, this world's cutting-edge technology has been supported by a number of scientific research institutions. Leading by the Southwest Hospital of the Third Military Medical University, combined with the Chinese Academy of Sciences Chongqing Green Intelligent Technology Research, the Institute of Material Structure of the Chinese Academy of Sciences and other ten units to work collaboratively. It is expected that after four and a half years of research and clinical procedures, the technology can really come to the patient. Huagong Technology: The growth rate is in line with expectations, and the raised funds will be used to expand production capacity. The follow-up development is worth looking forward to.
Huagong Technology
Research Institute: Shen Wan Hongyuan Analyst: Kong Lingfei Date of writing: 2016-05-05
Investment points:
Company Announcement: The first quarter revenue was 769 million yuan, compared with 583 million yuan in the same period last year, a year-on-year increase of 32%, net profit of 44.9 million, compared with 28.95 million yuan in the same period last year, an increase of 55%.
Net profit increased by 55% and growth was in line with expectations. The main reason for the company's performance growth was the increase in sales revenue of laser processing equipment, optoelectronic device products and laser holographic anti-counterfeiting products. Energy laser plate: High-power lasers have achieved heavyweight breakthroughs in automotive welding and cutting technology, breaking foreign monopoly. In high-end precision machining, the company's picosecond laser technology is at the forefront of sapphire cutting. Communication laser segment: The development of the sector will benefit the laying of the national 4G network and the country's upgrade requirements for network speedup.
The company will increase the production capacity by increasing the amount of funds raised, and the company's subsequent growth is worth looking forward to. The private placement will raise about 1.8 billion yuan, and the issued shares will not exceed 120 million shares, and the issue price will be no less than 15.86 yuan/share. The laser precision micro-nano processing intelligent equipment industrialization project is planned to invest 350 million yuan. The smart factory construction project of the laser robot system is planned to invest 350 million yuan. The new sensor industrialization project for the Internet of Things is planned to invest 500 million yuan. The new sensor industrialization project for the Internet of Things is planned to invest 500 million yuan.
The company will drive the development of five business segments with the two main lines of “smart manufacturing†and “IoT Technologyâ€. The company will strive to become an industrial Internet enterprise with Huagong Gaoli as the input, Huagong Zhengyuan as the transmission layer, Huagong Saibai as the data service layer and Huagong Laser as the executive layer.
Maintain a 16-year earnings forecast and maintain a “Buy†rating. For the time being, we will not consider the profit contribution from the fixed-income project. We expect EPS to be 0.33/0.45/0.54 in 16-18 years. The current stock price is 54/40/33 times corresponding to PE. At the same time consider the company's technical advantages in sapphire cutting, quantum communication and industrial Internet of Things, giving a "buy" rating. Han's Laser: Q1's performance is fast and heavy, and the order is strong throughout the year.
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