Yuyue Medical announced financial results: half-year revenue of 2.223 billion yuan

A few days ago, Yuyue Medical announced the semi-annual financial report for the 2018 fiscal year.

The financial report shows that during the reporting period, the company's operating income was 2.223 billion yuan; the net profit attributable to listed shareholders was 470 million yuan; the company's total assets were 6.647 billion yuan; the company's net assets were 5.208 billion yuan; earnings per share 0.47 yuan.

The main business of the company during the reporting period

1. The main business of the company during the reporting period, the main performance drivers and the industry position of the company

Yuyue Medical is a company that provides home medical equipment , medical clinical equipment and Internet medical services. The development, manufacture and sale of medical device products and related solutions are the core business of the company and the main source of the company's current performance. . The company's products are mainly concentrated in the fields of respiratory oxygen supply, rehabilitation care, medical first aid, surgical instruments, Chinese medicine equipment, nursing consumables, medicinal plasters and polymer hygiene accessories, and providing hospital disinfection infection control solutions.

During the reporting period, the company was less affected by the consolidation factors. Endogenous growth was the main source of growth. The company's operating income grew rapidly, and all sectors achieved rapid growth. The e-commerce platform of the household sector grew at the same rate. More than 60%, the performance has grown very rapidly, providing the main driving force for the company's homepage growth, ranking first in the industry. At the same time, during the reporting period, the core products of the company's core products such as oxygen generators, electronic sphygmomanometers , atomizers, blood glucose meters and test strips continued to grow at a faster rate. Products such as ventilators and thermostats were further weighed by e-commerce platforms. The clinical sectors such as Chinese medicine equipment, hospital disinfection and infection control have also maintained a relatively good growth rate.

In recent years, with the continuous improvement of product strength, brand power and marketing power, the elements of medical device platform companies have gradually improved, and the company's comprehensive competitiveness and overall risk resistance have been significantly improved. The company has become a leading enterprise in the domestic medical device industry .

2. The development stage and periodic characteristics of the company's industry during the reporting period

According to the statistics of China Medical Materials Association, the sales volume of China's medical device market has rapidly increased from 65.9 billion yuan in 2008 to 370 billion yuan in 2016, an increase of nearly 5 times, and the average annual compound growth rate exceeds 20%. In the future, the sales volume of China's medical device market will exceed 440 billion yuan. After years of development, China's medical device market has begun to take shape. From the perspective of market development space, China's medical device industry is driven by many factors such as GDP growth, social consumption level, population aging, urbanization and consumption structure upgrading. Gross production and sales will maintain steady growth. At the same time, China's medical device industry has also shown the development trend of industry integration and mergers and acquisitions, the acceleration of the process of localization, the increase of market concentration, product diversification and intelligence. It can be seen that China's medical device industry, especially domestic medical care. Leading enterprises in equipment are still in the golden period of development.

The medical device industry is closely related to people's life and health. Its demand is mainly determined by the medical and health status of the population. It is relatively less affected by the macroeconomic environment and does not have obvious periodic characteristics.

Performance analysis:

In the first half of FY18, Yuyue Medical's operating income was 2.223 billion yuan, up 19.44% from 1.861 billion yuan in the same period last year.

Yuyue Medical's net profit attributable to listed shareholders in the first half of FY18 was 470 million yuan, up 18.04% from 398 million yuan in the same period last year.

YT-T14

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