Peijia Medical's stock surged 5.28% during intraday trading on Thursday. The significant upward movement followed the release of the company's robust annual financial results and positive corporate developments.
The medical device company reported a 15.8% increase in FY2025 revenue to RMB 713 million, with the neurointerventional business segment profit jumping 86.6% to RMB 97 million. Furthermore, the company received National Medical Products Administration (NMPA) approval for its TaurusTrio® TAV system to treat symptomatic severe aortic regurgitation, expanding its commercial addressable market in China.
Adding to investor confidence, the company announced that its Executive Director, CEO, and Board Chair, Yi Zhang, plans to increase his stake through a controlled corporation with purchases capped at HKD 15 million. The company also indicated that 2026 is expected to represent an initial stage of its global expansion in the neurointerventional business.