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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedAug 20, 2026
DataAggregated Company Financials
Companies105
- 7D-2.0%
- 3M-8.4%
- 1Y-19.3%
- YTD-14.5%
In the last week, the Medical Equipment industry is down 2.0% with Innovita Biological Technology down the most at 14%. Meanwhile, APT Medical actually outperformed within the industry, gaining 22% in the last week. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 22% 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, 20 Aug 2026 | CN¥1.1t | CN¥228.3b | CN¥30.3b | 37.1x | 35.8x | 4.8x |
| Sat, 18 Jul 2026 | CN¥1.1t | CN¥227.7b | CN¥30.2b | 35.8x | 34.9x | 4.6x |
| Mon, 15 Jun 2026 | CN¥1.1t | CN¥231.2b | CN¥30.2b | 38x | 36x | 4.7x |
| Wed, 13 May 2026 | CN¥1.2t | CN¥230.8b | CN¥29.9b | 44x | 40.8x | 5.3x |
| Fri, 10 Apr 2026 | CN¥1.2t | CN¥224.5b | CN¥31.7b | 38.8x | 37.4x | 5.3x |
| Sun, 08 Mar 2026 | CN¥1.2t | CN¥224.3b | CN¥32.4b | 41.5x | 38.4x | 5.5x |
| Tue, 03 Feb 2026 | CN¥1.2t | CN¥221.3b | CN¥32.1b | 41.5x | 38x | 5.5x |
| Thu, 01 Jan 2026 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 39x | 37.1x | 5.4x |
| Sat, 29 Nov 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 39.9x | 38.4x | 5.6x |
| Mon, 27 Oct 2025 | CN¥1.3t | CN¥218.7b | CN¥32.5b | 40.2x | 39.9x | 5.9x |
| Wed, 24 Sep 2025 | CN¥1.3t | CN¥218.7b | CN¥32.8b | 38.7x | 39.3x | 5.9x |
| Fri, 22 Aug 2025 | CN¥1.4t | CN¥220.8b | CN¥35.2b | 39.5x | 38.3x | 6.1x |
| Sun, 20 Jul 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 37.1x | 34.3x | 5.5x |
| Tue, 17 Jun 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.7x | 33.5x | 5.4x |
| Thu, 15 May 2025 | CN¥1.2t | CN¥215.7b | CN¥34.6b | 37.2x | 33.8x | 5.4x |
| Sat, 12 Apr 2025 | CN¥1.1t | CN¥215.7b | CN¥33.9b | 29.7x | 33.4x | 5.2x |
| Mon, 10 Mar 2025 | CN¥1.2t | CN¥216.3b | CN¥34.3b | 33.5x | 35.6x | 5.6x |
| Wed, 05 Feb 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 30.8x | 33.4x | 5.3x |
| Fri, 03 Jan 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 31.6x | 34x | 5.4x |
| Sun, 01 Dec 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 35.1x | 35.9x | 5.7x |
| Tue, 29 Oct 2024 | CN¥1.3t | CN¥213.4b | CN¥35.6b | 34x | 35.7x | 6x |
| Thu, 26 Sep 2024 | CN¥1.0t | CN¥213.6b | CN¥36.4b | 27.1x | 28.7x | 4.9x |
| Sat, 24 Aug 2024 | CN¥1.1t | CN¥212.1b | CN¥36.6b | 26.3x | 28.8x | 5x |
| Mon, 22 Jul 2024 | CN¥1.2t | CN¥214.2b | CN¥36.8b | 27.7x | 31.5x | 5.4x |
| Wed, 19 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 28.7x | 32.7x | 5.6x |
| Fri, 17 May 2024 | CN¥1.3t | CN¥212.9b | CN¥36.7b | 30.5x | 35.5x | 6.1x |
| Sun, 14 Apr 2024 | CN¥1.2t | CN¥213.7b | CN¥40.0b | 28.3x | 29.8x | 5.6x |
| Tue, 12 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 29.9x | 32x | 6x |
| Thu, 08 Feb 2024 | CN¥1.2t | CN¥221.2b | CN¥41.0b | 24.8x | 30.4x | 5.6x |
| Sat, 06 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 33.8x | 33.5x | 6x |
| Mon, 04 Dec 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 37.5x | 34x | 6.2x |
| Wed, 01 Nov 2023 | CN¥1.3t | CN¥225.3b | CN¥42.2b | 33.5x | 31.5x | 5.9x |
| Fri, 29 Sep 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 30.8x | 5.7x |
| Sun, 27 Aug 2023 | CN¥1.2t | CN¥230.5b | CN¥44.3b | 29.5x | 27.8x | 5.3x |
Price to Earnings Ratio
27.8x
Current Industry PE
- Investors are relatively neutral on the Chinese Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 34.7x.
- The 3-year average PS ratio of 5.5x is higher than the industry's current PS ratio of 4.8x.
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 | -2.70% | |
| Healthcare | -2.27% | |
| Medical Equipment | -2.03% | |
| Medical Supplies | -0.66% | |
| Medical Equipment | -2.58% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 34.0x.
- Analysts are expecting annual earnings growth of 22.9%, which is higher than its past year's earnings decline of 25.4% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 35.1x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% 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 22% 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 | |
|---|---|---|---|---|---|
| 688617 APT Medical | CN¥266.22 | 22.4% +CN¥6.4b | -6.3% | PE39.7x | |
| 300760 Shenzhen Mindray Bio-Medical Electronics | CN¥158.07 | 3.1% +CN¥5.7b | -35.7% | PE24.4x | |
| 300832 Shenzhen New Industries Biomedical Engineering | CN¥54.57 | 9.9% +CN¥3.9b | -8.4% | PE25x | |
| 688677 Qingdao NovelBeam TechnologyLtd | CN¥87.50 | 21.4% +CN¥1.8b | 86.9% | PE60.4x | |
| 603658 Autobio Diagnostics | CN¥34.90 | 7.7% +CN¥1.4b | -16.8% | PE19.3x |