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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies105
- 7D-3.6%
- 3M-2.9%
- 1Y7.4%
- YTD-0.5%
Over the last 7 days, the Medical Equipment industry has dropped 3.6%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 3.2%. This takes the industry's 12 month performance to a gain of 7.4%. 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 |
|---|---|---|---|---|---|---|
| Mon, 02 Feb 2026 | CN¥1.2t | CN¥221.3b | CN¥32.1b | 42.1x | 38.8x | 5.6x |
| Wed, 31 Dec 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 39.3x | 37.4x | 5.4x |
| Fri, 28 Nov 2025 | CN¥1.2t | CN¥221.0b | CN¥32.0b | 39.6x | 38x | 5.5x |
| Sun, 26 Oct 2025 | CN¥1.3t | CN¥218.8b | CN¥32.6b | 40.2x | 39.7x | 5.9x |
| Tue, 23 Sep 2025 | CN¥1.3t | CN¥218.8b | CN¥32.9b | 39.4x | 40x | 6x |
| Thu, 21 Aug 2025 | CN¥1.3t | CN¥220.7b | CN¥35.3b | 38.8x | 37.8x | 6x |
| Sat, 19 Jul 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 37.1x | 34.3x | 5.5x |
| Mon, 16 Jun 2025 | CN¥1.2t | CN¥220.5b | CN¥35.3b | 35.7x | 33.7x | 5.4x |
| Wed, 14 May 2025 | CN¥1.2t | CN¥215.7b | CN¥34.6b | 38.7x | 34.1x | 5.5x |
| Fri, 11 Apr 2025 | CN¥1.1t | CN¥215.8b | CN¥34.0b | 29.9x | 33.3x | 5.2x |
| Sun, 09 Mar 2025 | CN¥1.2t | CN¥216.3b | CN¥34.3b | 33.5x | 35.6x | 5.6x |
| Tue, 04 Feb 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 30.8x | 33.4x | 5.3x |
| Thu, 02 Jan 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 32x | 34.7x | 5.5x |
| Sat, 30 Nov 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 35.1x | 35.9x | 5.7x |
| Mon, 28 Oct 2024 | CN¥1.3t | CN¥213.4b | CN¥35.6b | 33.7x | 35.2x | 5.9x |
| Wed, 25 Sep 2024 | CN¥1.0t | CN¥213.6b | CN¥36.4b | 27x | 28.4x | 4.8x |
| Fri, 23 Aug 2024 | CN¥1.1t | CN¥211.9b | CN¥36.6b | 26.5x | 29x | 5x |
| Sun, 21 Jul 2024 | CN¥1.2t | CN¥214.2b | CN¥36.8b | 27.7x | 31.5x | 5.4x |
| Tue, 18 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 28.3x | 33x | 5.7x |
| Thu, 16 May 2024 | CN¥1.3t | CN¥213.3b | CN¥36.6b | 30.7x | 35.6x | 6.1x |
| Sat, 13 Apr 2024 | CN¥1.2t | CN¥213.7b | CN¥40.0b | 28.3x | 29.8x | 5.6x |
| Mon, 11 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 28.9x | 31.1x | 5.8x |
| Wed, 07 Feb 2024 | CN¥1.2t | CN¥221.0b | CN¥41.0b | 24.2x | 29.5x | 5.5x |
| Fri, 05 Jan 2024 | CN¥1.4t | CN¥221.2b | CN¥39.8b | 34.1x | 34.2x | 6.2x |
| Sun, 03 Dec 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 37.5x | 34x | 6.2x |
| Tue, 31 Oct 2023 | CN¥1.3t | CN¥225.6b | CN¥42.3b | 33.8x | 31.3x | 5.9x |
| Thu, 28 Sep 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 31x | 5.7x |
| Sat, 26 Aug 2023 | CN¥1.2t | CN¥231.9b | CN¥44.8b | 29.1x | 27.5x | 5.3x |
| Mon, 24 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 32.7x | 30.6x | 5.9x |
| Wed, 21 Jun 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.5x | 31.6x | 6.1x |
| Fri, 19 May 2023 | CN¥1.4t | CN¥230.7b | CN¥44.6b | 33.9x | 31.7x | 6.1x |
| Sun, 16 Apr 2023 | CN¥1.5t | CN¥253.9b | CN¥62.8b | 37.6x | 23.6x | 5.8x |
| Tue, 14 Mar 2023 | CN¥1.5t | CN¥253.2b | CN¥63.0b | 35.2x | 23.3x | 5.8x |
| Thu, 09 Feb 2023 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 36.1x | 23.9x | 6.1x |
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 38.8x which is higher than its 3-year average PE of 32.9x.
- 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 | -1.78% | |
| Healthcare | -3.29% | |
| Medical Equipment | -3.63% | |
| Medical Supplies | -3.51% | |
| Medical Equipment | -3.67% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 33.4x.
- Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings growth of 7.1% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 31.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 7.1% 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 | |
|---|---|---|---|---|---|
| 002901 Double Medical Technology | CN¥51.13 | 2.0% +CN¥398.5m | 45.6% | PE38.4x | |
| 301235 Wuhan Huakang Century Clean Technology | CN¥52.28 | 6.9% +CN¥353.8m | 173.0% | PE50.4x | |
| 300061 QITIAN Technology Group | CN¥11.58 | 4.7% +CN¥342.7m | 0.5% | PS16.5x | |
| 688317 Shanghai ZJ Bio-Tech | CN¥22.75 | 6.9% +CN¥259.2m | 43.4% | PS30.7x | |
| 688108 Sino Medical Sciences Technology | CN¥24.33 | 1.8% +CN¥183.9m | 148.0% | PE303.3x |