Zylox-Tonbridge Medical Technology Co., Ltd. (HKG:2190) Not Lagging Industry On Growth Or Pricing
Sep 24
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Hong Kong (HSI) Medical Equipment Industry Analysis
UpdatedSep 26, 2025
DataAggregated Company Financials
Companies39
- 7D-4.5%
- 3M20.1%
- 1Y69.6%
- YTD63.5%
Over the last 7 days, the Medical Equipment industry has dropped 5.3%, driven by a pullback from Shanghai MicroPort MedBot (Group) of 7.1%. In contrast, Rainmed Medical has gained 16%. This takes the industry's 12 month performance to a gain of 77%. As for the next few years, earnings are expected to grow by 49% per annum.
Industry Valuation and Performance
Has the Hong Kong Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Sep 2025 | HK$222.2b | HK$62.8b | HK$3.0b | 20.5x | 74.9x | 3.5x |
| Sun, 24 Aug 2025 | HK$231.5b | HK$62.3b | HK$3.4b | 24.6x | 67.9x | 3.7x |
| Tue, 22 Jul 2025 | HK$199.9b | HK$62.0b | HK$3.2b | 19.9x | 62x | 3.2x |
| Thu, 19 Jun 2025 | HK$182.5b | HK$61.9b | HK$3.2b | 22.1x | 56.7x | 2.9x |
| Sat, 17 May 2025 | HK$164.2b | HK$61.6b | HK$3.2b | 21.2x | 51.4x | 2.7x |
| Mon, 14 Apr 2025 | HK$155.5b | HK$60.7b | HK$3.1b | 20.2x | 49.7x | 2.6x |
| Wed, 12 Mar 2025 | HK$165.7b | HK$58.1b | HK$1.2b | 20.6x | 140.3x | 2.8x |
| Fri, 07 Feb 2025 | HK$148.2b | HK$58.0b | HK$1.2b | 18.3x | 125.3x | 2.6x |
| Sun, 05 Jan 2025 | HK$131.9b | HK$57.7b | HK$1.2b | 16.3x | 113x | 2.3x |
| Tue, 03 Dec 2024 | HK$135.2b | HK$58.0b | HK$1.2b | 15.6x | 113.5x | 2.3x |
| Thu, 31 Oct 2024 | HK$137.1b | HK$58.9b | HK$1.3b | 14x | 101.9x | 2.3x |
| Sat, 28 Sep 2024 | HK$137.5b | HK$59.5b | HK$1.3b | 13.6x | 103x | 2.3x |
| Mon, 26 Aug 2024 | HK$115.0b | HK$55.3b | -HK$738,016,248.89 | 12.1x | -155.8x | 2.1x |
| Wed, 24 Jul 2024 | HK$119.9b | HK$53.9b | -HK$1,099,858,775.48 | 12.9x | -109x | 2.2x |
| Fri, 21 Jun 2024 | HK$131.0b | HK$53.9b | -HK$1,095,638,098.96 | 13x | -119.5x | 2.4x |
| Sun, 19 May 2024 | HK$157.8b | HK$54.1b | -HK$1,086,512,712.98 | 15.8x | -145.2x | 2.9x |
| Tue, 16 Apr 2024 | HK$143.4b | HK$54.2b | -HK$1,094,386,530.97 | 13.5x | -131x | 2.6x |
| Thu, 14 Mar 2024 | HK$157.1b | HK$52.8b | -HK$1,043,266,876.79 | 12x | -150.6x | 3x |
| Sat, 10 Feb 2024 | HK$153.2b | HK$53.2b | -HK$2,454,263,078.98 | 11.8x | -62.4x | 2.9x |
| Mon, 08 Jan 2024 | HK$188.9b | HK$53.7b | -HK$2,344,490,587.00 | 14.4x | -80.6x | 3.5x |
| Wed, 06 Dec 2023 | HK$201.9b | HK$53.7b | -HK$2,345,910,694.00 | 15.8x | -86.1x | 3.8x |
| Fri, 03 Nov 2023 | HK$208.0b | HK$52.9b | -HK$2,342,207,002.00 | 17.2x | -88.8x | 3.9x |
| Sun, 01 Oct 2023 | HK$209.2b | HK$52.9b | -HK$2,346,055,410.00 | 15.8x | -89.2x | 4x |
| Tue, 29 Aug 2023 | HK$218.2b | HK$51.6b | -HK$3,491,379,704.00 | 17.5x | -62.5x | 4.2x |
| Thu, 27 Jul 2023 | HK$251.2b | HK$51.2b | -HK$3,937,558,766.00 | 19.6x | -63.8x | 4.9x |
| Sat, 24 Jun 2023 | HK$231.5b | HK$51.2b | -HK$3,946,476,774.00 | 18.8x | -58.6x | 4.5x |
| Mon, 22 May 2023 | HK$269.7b | HK$52.0b | -HK$3,961,414,414.00 | 21.3x | -68.1x | 5.2x |
| Wed, 19 Apr 2023 | HK$314.9b | HK$53.2b | -HK$4,236,409,832.00 | 23.6x | -74.3x | 5.9x |
| Fri, 17 Mar 2023 | HK$283.5b | HK$54.3b | -HK$2,659,529,597.00 | 21.7x | -106.6x | 5.2x |
| Sun, 12 Feb 2023 | HK$312.2b | HK$54.7b | -HK$2,756,076,938.00 | 24.7x | -113.3x | 5.7x |
| Tue, 10 Jan 2023 | HK$298.9b | HK$54.6b | -HK$2,733,781,234.00 | 22.3x | -109.3x | 5.5x |
| Thu, 08 Dec 2022 | HK$270.6b | HK$52.2b | -HK$2,656,620,315.00 | 22.4x | -101.9x | 5.2x |
| Sat, 05 Nov 2022 | HK$241.7b | HK$50.8b | -HK$2,793,048,182.00 | 19.3x | -86.5x | 4.8x |
| Mon, 03 Oct 2022 | HK$203.1b | HK$51.6b | -HK$2,614,101,356.00 | 16.4x | -77.7x | 3.9x |
Price to Earnings Ratio
-77.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 75.0x which is higher than its 3-year average PE of -29.1x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Medical Equipment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.8% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Healthcare industry?
| HK Market | -1.75% | |
| Healthcare | -2.61% | |
| Medical Equipment | -4.47% | |
| Medical Equipment | -4.40% | |
| Medical Supplies | -4.60% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings growth of 5.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 67% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 1763 China Isotope & Radiation | HK$16.40 | 3.2% +HK$163.1m | 58.0% | PE11.3x | |
| 6609 Shanghai HeartCare Medical Technology | HK$63.15 | 1.5% +HK$36.5m | 345.3% | PE52.4x | |
| 2297 Rainmed Medical | HK$0.36 | 5.9% +HK$28.0m | 80.0% | PS19.8x | |
| 1120 Arts Optical International Holdings | HK$0.97 | 7.8% +HK$27.0m | 22.8% | PS0.3x | |
| 1858 Beijing Chunlizhengda Medical Instruments | HK$16.02 | 0.4% +HK$22.9m | 102.8% | PE35x |
