Brief Introduction

Founded in 2003, Touchstone International Medical Science Co., Ltd. (Touchstone) was listed on the Shanghai Stock Exchange in September 2020. Touchstone specializes in the development of advanced and innovative surgical staplers that enhance clinical performance, minimize risk and improve patient outcomes. Touchstone bridges science with technology and design to deliver patient-centric surgical solutions for the operating room.

Touchstone's product portfolio includes: Intraluminal Stapler for Single Use, Endoscopic Linear Cutter and Single Use Loading Unit,Linear Cutter and Reloads, Auto Purse String Clamp for Single Use,Linear Stapler and Reloads. All products are used worldwide in both laparoscopic and open surgery, covering Thoracic, Gastrointestinal, Hepatobiliary, Splenic and Pancreatic, General and Urology.

Touchstone's highly skilled professionals and engineers work closely with surgeons from all over the world, designing effective and innovative solutions to the challenges they face in their surgical practice. Maintaining a large patent portfolio Touchstone strives to build a comprehensive Intellectual Property base. By the end of 2019, 380 patents have been granted in China, Europe, USA and Japan.

The Company's products have passed medical device regulatory approvals worldwide, including CE in EU, FDA in the USA, TGA in Australia, KFDA in Korea and Anvisa in Brazil. The company has complete control over its supply chain and quality assurance processes.

Touchstone aims to continue in developing quality surgical staplers with clinical advantages, and is committed to becoming an innovative production powerhouse for advanced surgical staplers.

Company Overview

Full name TOUCHSTONE INTERNATIONAL MEDICAL SCIENCE CO.,LTD.
Abbreviations TOUCHSTONE
Code 688013
Founded August 18, 2003
Listing September 28, 2020
Domicile Suzhou
Website www.touchstonesurgical.com
Email tsbs@touchstone.hk
STAR Theme Biomedicine
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 0.54 0.70 0.39
R&D expenditure as a % of operating revenue 9.41% 8.16% 8.93%
Operating Revenue 163.34 172.76 119.03
Net Income 34.95 42.01 23.13

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 163.34 172.76 119.03
Operating Costs 131.76 127.70 95.44
Operating Income 34.35 45.15 23.80
Pretax Income 40.20 48.60 27.16
Income Tax 5.25 6.59 4.03
Net Income 34.95 42.01 23.13

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 410.29 49.45 43.14
Non-current Assets-Total 74.96 75.46 73.81
Total Assets 485.24 124.91 116.95
Liabilities
Current Liabilities-Total 17.82 16.64 32.64
Non-current Liabilities-Total 1.53 1.08 1.41
Total Liabilities 19.35 17.72 34.05
Stockholder's Equity
Share Capital 80.00 60.00 43.67
Retained Profits 31.47 0.18 6.23
Total Owners' Equity 465.89 107.18 82.90

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 42.08 34.82 34.44
Net Cash Flows-Investing -257.10 -5.89 -23.68
Net Cash Flows-Financing 321.19 -29.75 -9.01

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Jason Chen 20.95 26.19%
Ben Chen 20.93 26.17%
Inspire Surgical Limited 7.79 9.74%
Vivian Liu 4.70 5.87%
Suzhou Sheng Quan Hai Cheng Venture Capital Investment LLP 2.72 3.40%
Kunshan Fen Xiang Investment LLP 2.69 3.36%
周信钢 1.93 2.42%
中国中金财富证券有限公司 1.87 2.34%
安信证券投资有限公司 0.92 1.15%
周晨 0.67 0.83%
 As of 2020-12-31

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