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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedDec 08, 2025
DataAggregated Company Financials
Companies105
- 7D-1.0%
- 3M-11.7%
- 1Y-5.3%
- YTD2.0%
Over the last 7 days, the Medical Equipment industry has dropped 1.0%, driven by Shenzhen Mindray Bio-Medical Electronics declining 0.8%. In contrast, CareRay Digital Medical Technology has gained 11%. The industry has fallen 5.3% in the last year. As for the next few years, earnings are expected to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Tue, 09 Dec 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 38.8x | 38x | 5.5x |
| Thu, 06 Nov 2025 | CN¥1.3t | CN¥221.0b | CN¥32.0b | 40.3x | 39.7x | 5.8x |
| Sat, 04 Oct 2025 | CN¥1.3t | CN¥218.7b | CN¥32.8b | 39.6x | 40.7x | 6.1x |
| Mon, 01 Sep 2025 | CN¥1.3t | CN¥218.7b | CN¥33.2b | 39.3x | 40.2x | 6.1x |
| Wed, 30 Jul 2025 | CN¥1.3t | CN¥220.5b | CN¥35.3b | 37.4x | 35.9x | 5.8x |
| Fri, 27 Jun 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.2x | 33.2x | 5.3x |
| Sun, 25 May 2025 | CN¥1.2t | CN¥220.3b | CN¥35.3b | 36.3x | 33.7x | 5.4x |
| Tue, 22 Apr 2025 | CN¥1.1t | CN¥215.5b | CN¥33.3b | 29.7x | 34.1x | 5.3x |
| Thu, 20 Mar 2025 | CN¥1.2t | CN¥216.4b | CN¥34.2b | 32.9x | 35.9x | 5.7x |
| Sat, 15 Feb 2025 | CN¥1.2t | CN¥216.8b | CN¥34.6b | 34x | 35.9x | 5.7x |
| Mon, 13 Jan 2025 | CN¥1.1t | CN¥213.3b | CN¥35.1b | 30.6x | 31.7x | 5.2x |
| Wed, 11 Dec 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 36.1x | 36.6x | 5.8x |
| Fri, 08 Nov 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 33.9x | 37.1x | 5.9x |
| Sun, 06 Oct 2024 | CN¥1.3t | CN¥213.6b | CN¥36.4b | 34.5x | 35.8x | 6.1x |
| Tue, 03 Sep 2024 | CN¥1.1t | CN¥213.6b | CN¥36.5b | 26.8x | 29.1x | 5x |
| Thu, 01 Aug 2024 | CN¥1.1t | CN¥214.3b | CN¥36.9b | 26.6x | 30.4x | 5.2x |
| Sat, 29 Jun 2024 | CN¥1.2t | CN¥214.2b | CN¥36.8b | 27x | 31.7x | 5.5x |
| Mon, 27 May 2024 | CN¥1.3t | CN¥213.2b | CN¥36.6b | 30.2x | 34.4x | 5.9x |
| Wed, 24 Apr 2024 | CN¥1.2t | CN¥211.9b | CN¥39.7b | 26.4x | 30.6x | 5.7x |
| Fri, 22 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 29.9x | 31.7x | 5.9x |
| Sun, 18 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 26x | 30.8x | 5.7x |
| Tue, 16 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 32.7x | 32.7x | 5.9x |
| Thu, 14 Dec 2023 | CN¥1.4t | CN¥221.2b | CN¥39.8b | 35.3x | 34.7x | 6.2x |
| Sat, 11 Nov 2023 | CN¥1.3t | CN¥223.5b | CN¥40.9b | 34.4x | 32.6x | 6x |
| Mon, 09 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 30.8x | 5.7x |
| Wed, 06 Sep 2023 | CN¥1.3t | CN¥230.2b | CN¥43.3b | 30.1x | 28.9x | 5.5x |
| Fri, 04 Aug 2023 | CN¥1.4t | CN¥233.5b | CN¥45.5b | 31.3x | 29.9x | 5.8x |
| Sun, 02 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.4x | 31.4x | 6.1x |
| Tue, 30 May 2023 | CN¥1.4t | CN¥230.3b | CN¥44.3b | 37.5x | 32.7x | 6.3x |
| Thu, 27 Apr 2023 | CN¥1.4t | CN¥255.7b | CN¥62.9b | 36.8x | 22.5x | 5.5x |
| Sat, 25 Mar 2023 | CN¥1.4t | CN¥253.2b | CN¥62.9b | 35.1x | 22.6x | 5.6x |
| Mon, 20 Feb 2023 | CN¥1.5t | CN¥251.7b | CN¥64.1b | 36.2x | 23.9x | 6.1x |
| Wed, 18 Jan 2023 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 35.4x | 24.1x | 6.1x |
| Fri, 16 Dec 2022 | CN¥1.5t | CN¥251.2b | CN¥64.1b | 34.4x | 22.9x | 5.8x |
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 38.0x which is higher than its 3-year average PE of 32.1x.
- 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 21% per year over the last three years,
- Revenues have also declined 4.2% 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 | 0.65% | |
| Healthcare | -0.84% | |
| Medical Equipment | -1.02% | |
| Medical Supplies | -0.52% | |
| Medical Equipment | -1.22% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 32.5x.
- Analysts are expecting annual earnings growth of 25.5%, which is higher than its past year's earnings growth of 4.0% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 31.3x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 4.0% 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 | |
|---|---|---|---|---|---|
| 688607 CareRay Digital Medical Technology | CN¥36.41 | 10.6% +CN¥304.1m | 124.8% | PE587.7x | |
| 300981 Zhonghong Pulin Medical Products | CN¥15.16 | 3.6% +CN¥222.3m | 11.7% | PS2.6x | |
| 688626 Xiangyu MedicalLtd | CN¥49.76 | 2.3% +CN¥173.2m | 47.7% | PE105.6x | |
| 688677 Qingdao NovelBeam TechnologyLtd | CN¥46.77 | 2.9% +CN¥157.6m | 22.9% | PE31.8x | |
| 300677 Intco Medical Technology | CN¥43.72 | 0.6% +CN¥155.6m | 55.6% | PE16.6x |