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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedMay 21, 2026
DataAggregated Company Financials
Companies105
- 7D-3.5%
- 3M-5.4%
- 1Y-2.0%
- YTD-7.0%
Over the last 7 days, the Medical Equipment industry has dropped 3.5%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 1.8%. Meanwhile, Shanghai United Imaging Healthcare actually outperformed within the industry, gaining 10% in the last week. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 23% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | CN¥1.2t | CN¥231.1b | CN¥30.2b | 44x | 39.1x | 5.1x |
| Sun, 19 Apr 2026 | CN¥1.2t | CN¥224.8b | CN¥31.8b | 41.7x | 37.4x | 5.3x |
| Tue, 17 Mar 2026 | CN¥1.2t | CN¥224.4b | CN¥32.3b | 41.8x | 38.6x | 5.6x |
| Thu, 12 Feb 2026 | CN¥1.3t | CN¥221.8b | CN¥32.2b | 42.2x | 39.5x | 5.7x |
| Sat, 10 Jan 2026 | CN¥1.3t | CN¥221.0b | CN¥32.0b | 42.4x | 40.3x | 5.8x |
| Mon, 08 Dec 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 38.8x | 38x | 5.5x |
| Wed, 05 Nov 2025 | CN¥1.3t | CN¥221.0b | CN¥32.0b | 41.1x | 39.5x | 5.7x |
| Fri, 03 Oct 2025 | CN¥1.3t | CN¥218.7b | CN¥32.8b | 39.6x | 40.7x | 6.1x |
| Sun, 31 Aug 2025 | CN¥1.3t | CN¥218.2b | CN¥33.3b | 39.3x | 40.1x | 6.1x |
| Tue, 29 Jul 2025 | CN¥1.3t | CN¥220.5b | CN¥35.3b | 38x | 36x | 5.8x |
| Thu, 26 Jun 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.6x | 33.4x | 5.3x |
| Sat, 24 May 2025 | CN¥1.2t | CN¥220.3b | CN¥35.3b | 36.3x | 33.7x | 5.4x |
| Mon, 21 Apr 2025 | CN¥1.1t | CN¥215.3b | CN¥33.2b | 29.4x | 33.8x | 5.2x |
| Wed, 19 Mar 2025 | CN¥1.2t | CN¥216.4b | CN¥34.2b | 33x | 36x | 5.7x |
| Fri, 14 Feb 2025 | CN¥1.2t | CN¥216.8b | CN¥34.6b | 31.7x | 34.6x | 5.5x |
| Sun, 12 Jan 2025 | CN¥1.1t | CN¥216.8b | CN¥34.5b | 30.6x | 32.2x | 5.1x |
| Tue, 10 Dec 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 36.1x | 36.5x | 5.8x |
| Thu, 07 Nov 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 32.8x | 35.9x | 5.7x |
| Sat, 05 Oct 2024 | CN¥1.3t | CN¥213.6b | CN¥36.4b | 34.5x | 35.8x | 6.1x |
| Mon, 02 Sep 2024 | CN¥1.1t | CN¥213.7b | CN¥36.5b | 27.3x | 29.7x | 5.1x |
| Wed, 31 Jul 2024 | CN¥1.1t | CN¥214.3b | CN¥36.9b | 26.1x | 29.2x | 5x |
| Fri, 28 Jun 2024 | CN¥1.2t | CN¥214.2b | CN¥36.8b | 27x | 32x | 5.5x |
| Sun, 26 May 2024 | CN¥1.3t | CN¥213.2b | CN¥36.6b | 30.2x | 34.4x | 5.9x |
| Tue, 23 Apr 2024 | CN¥1.2t | CN¥212.1b | CN¥39.4b | 28.5x | 29.8x | 5.5x |
| Thu, 21 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 30.3x | 32.1x | 6x |
| Sat, 17 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 26x | 30.8x | 5.7x |
| Mon, 15 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 32.7x | 32.6x | 5.9x |
| Wed, 13 Dec 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 35.7x | 33.9x | 6.2x |
| Fri, 10 Nov 2023 | CN¥1.3t | CN¥223.5b | CN¥40.9b | 34.7x | 32.6x | 6x |
| Sun, 08 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 30.8x | 5.7x |
| Tue, 05 Sep 2023 | CN¥1.3t | CN¥229.7b | CN¥43.2b | 30.4x | 29.1x | 5.5x |
| Thu, 03 Aug 2023 | CN¥1.3t | CN¥231.7b | CN¥44.7b | 31.3x | 29.9x | 5.8x |
| Sat, 01 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.4x | 31.4x | 6.1x |
| Mon, 29 May 2023 | CN¥1.5t | CN¥230.3b | CN¥44.4b | 37.6x | 32.9x | 6.3x |
Price to Earnings Ratio
32.9x
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 39.1x which is higher than its 3-year average PE of 34.2x.
- The industry is trading close to its 3-year average PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 12% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Healthcare industry?
| CN Market | -2.42% | |
| Healthcare | -4.76% | |
| Medical Equipment | -3.51% | |
| Medical Supplies | -3.02% | |
| Medical Equipment | -3.70% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 33.1x.
- Analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings decline of 25.4% per year.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 34.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 688271 Shanghai United Imaging Healthcare | CN¥123.30 | 10.1% +CN¥9.3b | -10.0% | PE53.3x | |
| 688301 iRay Group | CN¥172.00 | 29.8% +CN¥8.3b | 99.2% | PE53x | |
| 688712 Insight Lifetech | CN¥48.00 | 12.2% +CN¥2.2b | n/a | PE190.4x | |
| 300832 Shenzhen New Industries Biomedical Engineering | CN¥49.54 | 2.3% +CN¥872.1m | -14.2% | PE24x | |
| 688253 Innovita Biological Technology | CN¥65.55 | 9.3% +CN¥749.9m | 93.9% | PE96.7x |