In September 2025, Peijia Medical and Suzhou Hengtai signed a strategic cooperation agreement, creating a new collaboration model between a listed company and a state-owned enterprise in Suzhou Industrial Park. The partnership utilized the "Hengtai Manufacturing" Medical Device Industrial Park as a platform to focus on implantable and interventional devices. Both parties collaborated in building industry-academia-research alliances, incubator operations, and guided fund investments, combining their strengths to drive the growth of Suzhou Industrial Park's medical device sector.