Brief Introduction

Nanjing Vishee Medical Technology Co., Ltd. was founded in 2001, mainly engaged in the R&D, production and sales of rehabilitation medical equipment and products, dedicated to the Pelvic Floor Rehabilitation, Postpartum Rehabilitation, Neurological Rehabilitation, Psychiatric Rehabilitation and other areas to provide safe and effective rehabilitation products and solutions for medical and professional institutions. At present, the main products of the company are electrical stimulation, magnetic stimulation, Electrophysiological equipment, consumables and accessories,etc.

The company's products have been widely used in more than 6000 medical and professional institutions in China. From 2017 to 2019, the average annual compound growth rate of operating revenue and net profit were 48.55% and 56.86% respectively, ranking the top among the rehabilitation equipment enterprises in China that have publicly disclosed their operating data in terms of revenue scale.

The Company is conducting R&D of new products such as next-generation magnetic stimulator and rehabilitation robot and will continue to align itself with the technological development direction of international leading enterprises in each segment, continuously achieve technological breakthroughs, speed up the transformation of the Company's advanced technologies, further enhance the market competitiveness of the Company's products and strive to develop into a leading rehabilitation medical equipment company in the future.

Company Overview

Full name Nanjing Vishee Medical Technology Co., Ltd.
Abbreviations VISHEE
Code 688580
Founded January 10, 2001
Listing July 21, 2020
Domicile Nanjing
Website www.vishee.com
Email ir@vishee.com
STAR Theme Biomedicine
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share(Yuan) 1.95 1.24 0.80
R&D expenditure as a % of operating revenue 8.59% 8.92% 9.03%
Operating Revenue(Yuan) 318,873,166.20 207,781,492.42 144,495,129.73
Net Income(Yuan) 98,890,929.61 62,724,876.50 40,189,999.30

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 318.87 207.78 144.50
Operating Costs 83.82 53.68 37.88
Operating Income 114.67 72.02 46.85
Pretax Income 114.80 73.36 46.74
Income Tax 15.91 10.64 6.55
Net Income 98.89 62.72 40.19

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 282.31 185.42 153.12
Non-current Assets-Total 121.91 122.94 93.45
Total Assets 404.22 308.36 246.57
Liabilities
Current Liabilities-Total 141.64 94.51 71.31
Non-current Liabilities-Total 7.72 17.69 21.84
Total Liabilities 149.35 112.20 93.15
Stockholder's Equity
Share Capital 51.26 51.26 51.26
Retained Profits 178.69 116.80 73.43
Total Owners' Equity 254.86 196.16 153.42

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 141.47 85.84 52.35
Net Cash Flows-Investing -16.90 -37.55 -12.69
Net Cash Flows-Financing -42.45 -21.49 2.26

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
ZhiyuWang 26.96 39.45%
PingHu 11.23 16.43%
Nanjing Zhida Investment Management Consulting Center Ltd., Part 5.67 8.29%
Shenzhen Yanghe Biomedicine Industry Investment Co.,Ltd 3.51 5.13%
Nanjing Zhimingda Enterprise Management Consulting Center Ltd., Part 1.26 1.84%
ZhanZhang 1.00 1.46%
Changjiang Securities Innovation Investment Co., Ltd 0.68 1.00%
QingmingLian 0.45 0.66%
CailongSu 0.44 0.65%
XiaomingLi 0.17 0.25%
 

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