Brief Introduction

Micro-Tech (Nanjing) Co., Ltd. (stock ticker symbol: MTM; code: 688029) is mainly engaged in the R&D, manufacturing and sales of minimally invasive medical devices. In line with our mission of “supporting clinicians with technology and innovation,” MTM is committed to providing high-quality products and services to hospitals and clinics around the world, advancing the quality of care, improving patient outcome and maintaining low costs.

After nearly 20 years of innovation-driven development, MTM has extended its product family from non-vascular stents to three major product platforms, namely, endoscopic diagnostic instruments and consumables, tumor ablation instruments and consumables, and endoscopic optical coherence tomography (EOCT). Further, MTM has expanded our market presence from China to over 70 other countries around the world. MTM has become a leading company in the field of minimally invasive medical technology through scientific research and innovation, competitive advantage in core products and rapid growth in market share.

MTM has a stable, high-caliber, international and interdisciplinary technical team with expertise in biomedical engineering, chemical engineering, mechanical engineering, automation and computer sciences, providing a strong foundation for the company's constant innovation. MTM has won three national awards including runner-up for theNational Prize for Progress in Science and Technology, and 12 provincial and ministerial awards. Further, MTM has 36 domestic and foreign invention patents, 74 domestic Class II and Class III registration certificates, 35 U.S. FDA cleared devices, and 36 European CE certificates.

As of the end of 2018, MTM achieved an operating income of RMB 922 million and a net profit of RMB 203 million. From 2016 to 2018, the compound annual growth rate of sales revenue stood at 49.19%, much higher than other competitors in the industry .

Company Overview

Abbreviations MTM
Code 688029
Founded 2000.5.10
Listing 2019.7.22
Domicile NANJING
STAR Theme Biomedicine
CSRCSector Manufacturing
Has weighted voting rights structure? No



  2018 2017 2016
Earnings Per Share 1.93 1.01 -0.38
R&D expenditure as a % of operating revenue 5.33% 5.91% 4.30%
Operating Revenue 922.11 640.67 414.31
Net Income 203.39 112.15 -26.03

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 922.11 640.67 414.31
Operating Costs 718.25 517.85 433.76
Operating Income 225.69 131.74 -14.37
Pretax Income 234.07 131.45 -10.40
Income Tax 30.68 19.30 15.63
Net Income 203.39 112.15 -26.03

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Current Assets-Total 620.65 386.69 307.99
Non-current Assets-Total 348.57 331.63 232.52
Total Assets 969.22 718.33 540.50
Current Liabilities-Total 307.03 171.76 126.89
Non-current Liabilities-Total 41.83 80.38 54.68
Total Liabilities 348.85 252.14 181.57
Stockholder's Equity
Share Capital 365.47 365.47 365.47
Retained Profits 214.23 70.27 -30.93
Minority Interests 40.66 30.46 24.39
Total Owners' Equity 620.37 466.19 358.94

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 192.32 140.48 79.98
Net Cash Flows-Investing -26.30 -100.24 -69.45
Net Cash Flows-Financing -4.72 -13.88 34.75

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Nanjing New weichuang Management Consulting Co., Ltd. 30.76 23.07%
Shenzhen Zhongke Merchants Venture Investment Co., Ltd. 30.18 22.63%
Huakang Limited 20.52 15.39%
Nanjing Maitai Investment Co., Ltd 4.76 3.57%
Shenzhen Huasheng Lingfeng Equity Investment(Limited Partnership) 4.50 3.37%
Green Paper Investment Limited 4.03 3.02%
Leng Derong 1.99 1.49%
Long Xiaohui 1.39 1.04%
Zhang Bo 0.6 0.45%
22 Jul 2019

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