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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedMay 05, 2026
DataAggregated Company Financials
Companies105
- 7D0.8%
- 3M-4.8%
- 1Y2.9%
- YTD-5.6%
Over the last 7 days, the Medical Equipment industry has remained flat, although notably Shenzhen Mindray Bio-Medical Electronics gained 6.6%. Furthermore, the industry has been flat for the past year as well. 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 |
|---|---|---|---|---|---|---|
| Tue, 05 May 2026 | CN¥1.2t | CN¥227.2b | CN¥29.8b | 39x | 40.1x | 5.3x |
| Thu, 02 Apr 2026 | CN¥1.2t | CN¥224.5b | CN¥31.7b | 40.4x | 38.3x | 5.4x |
| Sat, 28 Feb 2026 | CN¥1.3t | CN¥223.5b | CN¥32.4b | 42.3x | 39.4x | 5.7x |
| Mon, 26 Jan 2026 | CN¥1.3t | CN¥221.0b | CN¥32.0b | 43.7x | 40.4x | 5.9x |
| Wed, 24 Dec 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 38.7x | 37.5x | 5.4x |
| Fri, 21 Nov 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 39.2x | 38.5x | 5.6x |
| Sun, 19 Oct 2025 | CN¥1.3t | CN¥218.7b | CN¥32.8b | 39.9x | 39x | 5.9x |
| Tue, 16 Sep 2025 | CN¥1.3t | CN¥218.9b | CN¥32.9b | 40.7x | 40.7x | 6.1x |
| Thu, 14 Aug 2025 | CN¥1.3t | CN¥220.7b | CN¥35.3b | 40.8x | 37.7x | 6x |
| Sat, 12 Jul 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.5x | 33.5x | 5.4x |
| Mon, 09 Jun 2025 | CN¥1.2t | CN¥220.4b | CN¥35.3b | 36.4x | 34x | 5.4x |
| Wed, 07 May 2025 | CN¥1.1t | CN¥215.9b | CN¥34.8b | 37.2x | 32.9x | 5.3x |
| Fri, 04 Apr 2025 | CN¥1.2t | CN¥215.7b | CN¥33.9b | 32.3x | 35.1x | 5.5x |
| Sun, 02 Mar 2025 | CN¥1.2t | CN¥215.9b | CN¥34.1b | 33.6x | 35.6x | 5.6x |
| Tue, 28 Jan 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 30.8x | 33.4x | 5.3x |
| Thu, 26 Dec 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 32.7x | 35.4x | 5.6x |
| Sat, 23 Nov 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 34.5x | 35.3x | 5.6x |
| Mon, 21 Oct 2024 | CN¥1.2t | CN¥213.9b | CN¥36.5b | 31.4x | 33.1x | 5.7x |
| Wed, 18 Sep 2024 | CN¥1.0t | CN¥206.3b | CN¥36.7b | 26.1x | 28x | 5x |
| Fri, 16 Aug 2024 | CN¥1.1t | CN¥214.7b | CN¥37.1b | 27.1x | 29.8x | 5.1x |
| Sun, 14 Jul 2024 | CN¥1.1t | CN¥214.2b | CN¥36.8b | 27.3x | 31x | 5.3x |
| Tue, 11 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 27.9x | 33.3x | 5.7x |
| Thu, 09 May 2024 | CN¥1.3t | CN¥213.2b | CN¥36.6b | 31.6x | 35.9x | 6.2x |
| Sat, 06 Apr 2024 | CN¥1.2t | CN¥213.5b | CN¥40.0b | 30x | 30.8x | 5.8x |
| Mon, 04 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 28.8x | 31.6x | 5.9x |
| Wed, 31 Jan 2024 | CN¥1.2t | CN¥221.2b | CN¥39.8b | 28.6x | 30x | 5.4x |
| Fri, 29 Dec 2023 | CN¥1.4t | CN¥221.2b | CN¥39.8b | 34.2x | 34x | 6.1x |
| Sun, 26 Nov 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 36.4x | 33.2x | 6.1x |
| Tue, 24 Oct 2023 | CN¥1.2t | CN¥226.9b | CN¥41.7b | 29x | 29.1x | 5.4x |
| Thu, 21 Sep 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 30.3x | 30.7x | 5.7x |
| Sat, 19 Aug 2023 | CN¥1.3t | CN¥230.4b | CN¥44.8b | 30.3x | 28.5x | 5.5x |
| Mon, 17 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 32.4x | 30.9x | 6x |
| Wed, 14 Jun 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.4x | 31.4x | 6x |
| Fri, 12 May 2023 | CN¥1.4t | CN¥251.1b | CN¥58.5b | 34.6x | 23.9x | 5.6x |
Price to Earnings Ratio
23.9x
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 40.1x which is higher than its 3-year average PE of 34.1x.
- 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 20% 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 | 0.90% | |
| Healthcare | -0.082% | |
| Medical Equipment | 0.85% | |
| Medical Equipment | 1.06% | |
| Medical Supplies | 0.31% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 32.9x.
- Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings decline of 29.7% 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 34.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 30% 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 | |
|---|---|---|---|---|---|
| 300760 Shenzhen Mindray Bio-Medical Electronics | CN¥168.40 | 4.5% +CN¥8.8b | -23.5% | PE26x | |
| 688253 Innovita Biological Technology | CN¥52.05 | 11.8% +CN¥743.1m | 67.6% | PE76.8x | |
| 002901 Double Medical Technology | CN¥43.40 | 4.0% +CN¥682.6m | 11.6% | PE27.6x | |
| 603301 Zhende Medical | CN¥92.30 | 2.7% +CN¥638.3m | 378.7% | PE92.2x | |
| 301363 MeHow Innovative | CN¥26.76 | 3.3% +CN¥488.3m | 54.2% | PE53.7x |