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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies105
- 7D-2.4%
- 3M12.2%
- 1Y23.9%
- YTD10.2%
Over the last 7 days, the Medical Equipment industry has dropped 2.4%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 2.3%. On the other hand APT Medical is actually up 6.6%. In the past year, the industry has gained 24%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | CN¥1.3t | CN¥218.7b | CN¥32.8b | 39.4x | 40x | 6x |
| Sat, 23 Aug 2025 | CN¥1.3t | CN¥220.7b | CN¥35.2b | 39.4x | 38.3x | 6.1x |
| Mon, 21 Jul 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 37.1x | 34.3x | 5.5x |
| Wed, 18 Jun 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.9x | 33.4x | 5.4x |
| Fri, 16 May 2025 | CN¥1.2t | CN¥216.3b | CN¥34.7b | 36.3x | 33.7x | 5.4x |
| Sun, 13 Apr 2025 | CN¥1.1t | CN¥215.9b | CN¥33.8b | 29.7x | 33.5x | 5.2x |
| Tue, 11 Mar 2025 | CN¥1.2t | CN¥216.3b | CN¥34.3b | 33.6x | 35.9x | 5.7x |
| Thu, 06 Feb 2025 | CN¥1.2t | CN¥216.8b | CN¥34.6b | 31x | 33.4x | 5.3x |
| Sat, 04 Jan 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 31.6x | 33.5x | 5.3x |
| Mon, 02 Dec 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 35.1x | 35.9x | 5.7x |
| Wed, 30 Oct 2024 | CN¥1.2t | CN¥213.9b | CN¥34.3b | 32.5x | 36.1x | 5.8x |
| Fri, 27 Sep 2024 | CN¥1.1t | CN¥213.6b | CN¥36.4b | 28.5x | 29.7x | 5.1x |
| Sun, 25 Aug 2024 | CN¥1.1t | CN¥211.6b | CN¥36.2b | 26.3x | 29.1x | 5x |
| Tue, 23 Jul 2024 | CN¥1.2t | CN¥214.2b | CN¥36.8b | 27.7x | 31.6x | 5.4x |
| Thu, 20 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 28.1x | 32.6x | 5.6x |
| Sat, 18 May 2024 | CN¥1.3t | CN¥213.3b | CN¥36.6b | 30.7x | 35.4x | 6.1x |
| Mon, 15 Apr 2024 | CN¥1.2t | CN¥213.7b | CN¥39.9b | 28.3x | 29.8x | 5.6x |
| Wed, 13 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 30.4x | 32.2x | 6x |
| Fri, 09 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 26x | 30.8x | 5.7x |
| Sun, 07 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 33.8x | 33.5x | 6x |
| Tue, 05 Dec 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 35.9x | 33.9x | 6.2x |
| Thu, 02 Nov 2023 | CN¥1.3t | CN¥224.5b | CN¥41.5b | 33.6x | 31.9x | 5.9x |
| Sat, 30 Sep 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 30.8x | 5.7x |
| Mon, 28 Aug 2023 | CN¥1.2t | CN¥230.5b | CN¥44.3b | 29.5x | 27.8x | 5.3x |
| Wed, 26 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 33.1x | 31.1x | 6x |
| Fri, 23 Jun 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.1x | 31.1x | 6x |
| Sun, 21 May 2023 | CN¥1.4t | CN¥230.6b | CN¥44.7b | 35.7x | 32.2x | 6.2x |
| Tue, 18 Apr 2023 | CN¥1.5t | CN¥253.9b | CN¥62.8b | 37.8x | 23.6x | 5.8x |
| Thu, 16 Mar 2023 | CN¥1.5t | CN¥253.2b | CN¥63.0b | 36.5x | 23.3x | 5.8x |
| Sat, 11 Feb 2023 | CN¥1.6t | CN¥251.5b | CN¥64.1b | 35.9x | 24.3x | 6.2x |
| Mon, 09 Jan 2023 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 33.9x | 23.1x | 5.9x |
| Wed, 07 Dec 2022 | CN¥1.5t | CN¥251.2b | CN¥64.1b | 34x | 23.5x | 6x |
| Fri, 04 Nov 2022 | CN¥1.6t | CN¥248.9b | CN¥63.3b | 35.4x | 24.7x | 6.3x |
| Sun, 02 Oct 2022 | CN¥1.4t | CN¥242.1b | CN¥62.3b | 30.4x | 22x | 5.7x |
Price to Earnings Ratio
22x
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 40.0x which is higher than its 3-year average PE of 31.0x.
- 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 19% per year over the last three years,
- Revenues have also declined 3.3% 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 | -0.11% | |
| Healthcare | -2.22% | |
| Medical Equipment | -2.42% | |
| Medical Equipment | -2.25% | |
| Medical Supplies | -2.86% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 31.3x.
- Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings growth of 1.0% per year.
- Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 30.5x.
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 1.0% 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 | |
|---|---|---|---|---|---|
| 300760 Shenzhen Mindray Bio-Medical Electronics | CN¥245.00 | 3.0% +CN¥8.7b | 2.8% | PE32.3x | |
| 688617 APT Medical | CN¥321.61 | 5.9% +CN¥2.5b | 40.0% | PE60x | |
| 688301 iRay Group | CN¥118.94 | 7.5% +CN¥1.7b | 68.6% | PE48.3x | |
| 688029 Micro-Tech (Nanjing)Ltd | CN¥97.70 | 7.8% +CN¥1.3b | 56.1% | PE30.1x | |
| 301093 Jiangsu Hualan New Pharmaceutical MaterialLtd | CN¥44.79 | 16.3% +CN¥1.0b | 180.2% | PE130.6x |