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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedMar 21, 2026
DataAggregated Company Financials
Companies106
- 7D-4.5%
- 3M-2.6%
- 1Y-2.6%
- YTD-6.3%
Over the last 7 days, the Medical Equipment industry has dropped 2.2%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 3.5%. Meanwhile, Intco Medical Technology actually outperformed within the industry, gaining 13% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Chinese Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Mar 2026 | CN¥1.2t | CN¥224.4b | CN¥32.3b | 39.7x | 36.9x | 5.3x |
| Mon, 16 Feb 2026 | CN¥1.3t | CN¥221.8b | CN¥32.2b | 41.7x | 38.9x | 5.6x |
| Wed, 14 Jan 2026 | CN¥1.3t | CN¥221.0b | CN¥32.0b | 43.2x | 41.2x | 6x |
| Fri, 12 Dec 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 37.7x | 37.1x | 5.4x |
| Sun, 09 Nov 2025 | CN¥1.3t | CN¥221.0b | CN¥32.0b | 40.2x | 39.6x | 5.7x |
| Tue, 07 Oct 2025 | CN¥1.3t | CN¥218.7b | CN¥32.8b | 39.6x | 40.7x | 6.1x |
| Thu, 04 Sep 2025 | CN¥1.3t | CN¥218.8b | CN¥33.2b | 37.8x | 40x | 6.1x |
| Sat, 02 Aug 2025 | CN¥1.3t | CN¥220.7b | CN¥35.3b | 36.9x | 35.6x | 5.7x |
| Mon, 30 Jun 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.3x | 33.2x | 5.3x |
| Wed, 28 May 2025 | CN¥1.2t | CN¥220.3b | CN¥35.3b | 36.6x | 33.5x | 5.4x |
| Fri, 25 Apr 2025 | CN¥1.1t | CN¥215.8b | CN¥34.2b | 33.6x | 33x | 5.2x |
| Sun, 23 Mar 2025 | CN¥1.2t | CN¥216.5b | CN¥34.2b | 32.5x | 35.1x | 5.5x |
| Tue, 18 Feb 2025 | CN¥1.3t | CN¥216.8b | CN¥34.6b | 34.1x | 36.1x | 5.8x |
| Thu, 16 Jan 2025 | CN¥1.1t | CN¥216.8b | CN¥34.5b | 31.5x | 33x | 5.3x |
| Sat, 14 Dec 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 35x | 36.4x | 5.8x |
| Mon, 11 Nov 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 34x | 37.4x | 6x |
| Wed, 09 Oct 2024 | CN¥1.4t | CN¥213.6b | CN¥36.4b | 38x | 39.4x | 6.7x |
| Fri, 06 Sep 2024 | CN¥1.1t | CN¥213.6b | CN¥36.4b | 27.6x | 29.7x | 5.1x |
| Sun, 04 Aug 2024 | CN¥1.1t | CN¥214.3b | CN¥36.9b | 26.2x | 30.2x | 5.2x |
| Tue, 02 Jul 2024 | CN¥1.2t | CN¥214.2b | CN¥36.8b | 26.9x | 31.5x | 5.4x |
| Thu, 30 May 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 29.5x | 34.1x | 5.9x |
| Sat, 27 Apr 2024 | CN¥1.2t | CN¥211.4b | CN¥36.6b | 30.2x | 34x | 5.9x |
| Mon, 25 Mar 2024 | CN¥1.3t | CN¥218.1b | CN¥40.5b | 29.3x | 31.3x | 5.8x |
| Wed, 21 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 27x | 30.8x | 5.7x |
| Fri, 19 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 31.8x | 31.7x | 5.7x |
| Sun, 17 Dec 2023 | CN¥1.4t | CN¥221.2b | CN¥39.8b | 34.7x | 34x | 6.1x |
| Tue, 14 Nov 2023 | CN¥1.3t | CN¥223.3b | CN¥40.9b | 34.3x | 32.7x | 6x |
| Thu, 12 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.5x | 30.8x | 5.7x |
| Sat, 09 Sep 2023 | CN¥1.2t | CN¥229.6b | CN¥43.3b | 30x | 28.5x | 5.4x |
| Mon, 07 Aug 2023 | CN¥1.3t | CN¥233.6b | CN¥45.5b | 31.6x | 29.5x | 5.8x |
| Wed, 05 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.2x | 31.5x | 6.1x |
| Fri, 02 Jun 2023 | CN¥1.4t | CN¥230.5b | CN¥44.4b | 35.9x | 32.1x | 6.2x |
| Sun, 30 Apr 2023 | CN¥1.4t | CN¥235.6b | CN¥47.5b | 36.6x | 30.3x | 6.1x |
| Tue, 28 Mar 2023 | CN¥1.4t | CN¥253.2b | CN¥62.9b | 35.1x | 22.9x | 5.7x |
Price to Earnings Ratio
22.9x
Current Industry PE
- Investors are optimistic on the Chinese Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.7x which is higher than its 3-year average PE of 33.5x.
- The industry is trading close to its 3-year average PS ratio of 5.7x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 20% per year over the last three years,
- Revenues have also declined 3.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Healthcare industry?
| CN Market | -4.15% | |
| Healthcare | -2.66% | |
| Medical Equipment | -4.53% | |
| Medical Equipment | -4.43% | |
| Medical Supplies | -4.79% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 34.1x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 6.0% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 32.4x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 002432 Andon Health | CN¥62.36 | 12.7% +CN¥3.0b | 50.5% | PE13.9x | |
| 301093 Jiangsu Hualan New Pharmaceutical MaterialLtd | CN¥87.70 | 2.4% +CN¥328.9m | 293.3% | PE279.2x | |
| 688575 Shenzhen YHLO Biotech | CN¥14.79 | 2.8% +CN¥228.6m | -11.5% | PE351.8x | |
| 002950 Allmed Medical ProductsLtd | CN¥11.66 | 3.2% +CN¥222.8m | 28.8% | PE16x | |
| 300482 Guangzhou Wondfo BiotechLtd | CN¥19.74 | 2.4% +CN¥213.7m | -15.9% | PE35.3x |