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Chinese (SSE) Medical Equipment Industry Analysis

UpdatedFeb 29, 2024
DataAggregated Company Financials
Companies101
  • 7D-0.6%
  • 3M-9.5%
  • 1Y-19.3%
  • YTD-8.2%

The Medical Equipment is pretty flat in the last 7 days, but Shenzhen New Industries Biomedical Engineering has stood out, gaining 8.4%. Unfortunately though, the industry is down 19% over the past 12 months. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the Chinese Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Mar 2024CN¥1.3tCN¥220.2bCN¥40.8b27.5x30.9x5.7x
Sun, 28 Jan 2024CN¥1.3tCN¥221.2bCN¥39.8b30.3x31.4x5.7x
Tue, 26 Dec 2023CN¥1.3tCN¥221.2bCN¥39.8b33.4x33.5x6x
Thu, 23 Nov 2023CN¥1.3tCN¥223.3bCN¥40.9b35.8x32.8x6x
Sat, 21 Oct 2023CN¥1.2tCN¥226.9bCN¥41.8b29.4x29.3x5.4x
Mon, 18 Sep 2023CN¥1.3tCN¥229.3bCN¥43.2b31.1x29.8x5.6x
Wed, 16 Aug 2023CN¥1.3tCN¥233.5bCN¥45.7b31.6x28.5x5.6x
Fri, 14 Jul 2023CN¥1.4tCN¥230.8bCN¥44.5b32.9x31.1x6x
Sun, 11 Jun 2023CN¥1.4tCN¥230.8bCN¥44.5b34.1x31.6x6.1x
Tue, 09 May 2023CN¥1.4tCN¥231.1bCN¥44.8b35.2x31.2x6x
Thu, 06 Apr 2023CN¥1.4tCN¥253.2bCN¥62.4b35.7x23.1x5.7x
Sat, 04 Mar 2023CN¥1.5tCN¥253.2bCN¥63.0b35.7x23.6x5.9x
Mon, 30 Jan 2023CN¥1.6tCN¥251.5bCN¥64.1b35.7x24.3x6.2x
Wed, 28 Dec 2022CN¥1.4tCN¥251.5bCN¥64.1b32.6x22.6x5.8x
Fri, 25 Nov 2022CN¥1.5tCN¥250.8bCN¥64.0b34.6x23.7x6x
Sun, 23 Oct 2022CN¥1.6tCN¥244.0bCN¥62.5b36.3x25.5x6.5x
Tue, 20 Sep 2022CN¥1.3tCN¥242.1bCN¥62.3b29.2x21.1x5.4x
Thu, 18 Aug 2022CN¥1.2tCN¥228.1bCN¥62.0b32.1x20.1x5.5x
Sat, 16 Jul 2022CN¥1.3tCN¥226.5bCN¥61.6b30.6x20.4x5.5x
Mon, 13 Jun 2022CN¥1.2tCN¥226.0bCN¥61.6b29.7x19.7x5.4x
Wed, 11 May 2022CN¥1.2tCN¥223.0bCN¥60.1b29.2x19.7x5.3x
Fri, 08 Apr 2022CN¥1.3tCN¥198.4bCN¥52.3b32.1x24.2x6.4x
Sun, 06 Mar 2022CN¥1.4tCN¥198.5bCN¥52.6b34.3x25.7x6.8x
Tue, 01 Feb 2022CN¥1.3tCN¥197.3bCN¥52.7b34x25.2x6.7x
Thu, 30 Dec 2021CN¥1.5tCN¥195.9bCN¥52.3b40.7x29.1x7.8x
Sat, 27 Nov 2021CN¥1.4tCN¥190.8bCN¥50.6b40.8x28.7x7.6x
Mon, 25 Oct 2021CN¥1.4tCN¥196.5bCN¥56.9b36.9x24.2x7x
Wed, 22 Sep 2021CN¥1.4tCN¥194.4bCN¥56.4b41x25.4x7.4x
Fri, 20 Aug 2021CN¥1.4tCN¥193.8bCN¥55.2b42.9x25.1x7.1x
Fri, 04 Jun 2021CN¥1.8tCN¥192.3bCN¥56.2b43.8x32.3x9.4x
Mon, 08 Mar 2021CN¥1.5tCN¥161.4bCN¥41.7b40x36.1x9.3x
Price to Earnings Ratio

36.1x


Total Market Cap: CN¥1.5tTotal Earnings: CN¥41.7bTotal Revenue: CN¥161.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Medical Equipment Industry Price to Earnings3Y Average 26.8x202220232024
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 30.9x which is higher than its 3-year average PE of 26.8x.
  • The 3-year average PS ratio of 6.5x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Chinese Healthcare industry?

CN Market0.98%
Healthcare0.49%
Medical Equipment-0.63%
Medical Supplies2.13%
Medical Equipment-1.56%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 33.6x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 15.4% 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 20.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 15% 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?

CompanyLast Price7D1YValuation
300832 Shenzhen New Industries Biomedical EngineeringCN¥80.998.4%
+CN¥4.9b
37.8%PE40x
603658 Autobio DiagnosticsCN¥66.3613.5%
+CN¥4.6b
4.6%PE33x
688617 APT MedicalCN¥456.058.7%
+CN¥2.4b
33.7%PE56.7x
688271 Shanghai United Imaging HealthcareCN¥142.301.4%
+CN¥1.6b
-11.6%PE59.4x
688351 Shanghai MicroPort EP MedTechCN¥26.0214.7%
+CN¥1.6b
14.7%PE2238.7x
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688289

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Sansure Biotech

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688613

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Allgens Medical Technology

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-2.7%

1Y

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688351

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Shanghai MicroPort EP MedTech

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14.7%

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688139

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Qingdao Haier BiomedicalLtd

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-3.8%

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688016

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Shanghai MicroPort Endovascular MedTech

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688617

CN¥456.05

APT Medical

7D

8.7%

1Y

33.7%

688575

CN¥26.11

Shenzhen YHLO Biotech

7D

7.3%

1Y

28.6%

300677

CN¥21.16

Intco Medical Technology

7D

-1.6%

1Y

-19.5%

300298

CN¥23.47

Sinocare

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-0.8%

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-30.0%

301122

CN¥26.57

Caina Technology

7D

-3.5%

1Y

-35.9%

301093

CN¥26.76

Jiangsu Hualan New Pharmaceutical MaterialLtd

7D

-1.0%

1Y

-20.3%

300760

CN¥289.18

Shenzhen Mindray Bio-Medical Electronics

7D

-2.0%

1Y

-7.1%

300832

CN¥80.99

Shenzhen New Industries Biomedical Engineering

7D

8.4%

1Y

37.8%