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 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 about 90 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 13 provincial and ministerial awards. Further, MTM has 47 domestic and foreign invention patents, 73 domestic Class II and Class III registration certificates, 37 U.S. FDA cleared devices, and 40 European CE certificates.

As of the end of 2020, MTM achieved an operating income of RMB1326 million and a net profit of RMB 260 million.

Company Overview

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



  2020 2019 2018
Earnings Per Share 1.9556 2.6657 1.9270
R&D expenditure as a % of operating revenue 7.51% 5.38% 5.33%
Operating Revenue 1,326,405,645.47 1,307,474,273.58 922,109,299.86
Net Income 266,136,462.50 315,152,622.23 203,393,539.25

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,326.41 1,307.47 922.11
Operating Costs 1,079.38 983.69 711.24
Operating Income 282.23 351.52 225.69
Pretax Income 300.99 358.77 234.07
Income Tax 34.85 43.61 30.68
Net Income 266.14 315.15 203.39

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,498.48 2,396.81 620.65
Non-current Assets-Total 606.75 478.45 348.57
Total Assets 3,105.23 2,875.26 969.22
Current Liabilities-Total 421.15 317.08 307.03
Non-current Liabilities-Total 20.45 30.09 41.83
Total Liabilities 441.59 347.16 348.85
Stockholder's Equity
Share Capital 1,965.96 1,958.25 365.47
Retained Profits 697.68 569.85 254.90
Total Owners' Equity 2,663.63 2,528.10 620.37

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 231.27 252.49 192.32
Net Cash Flows-Investing -163.10 -1,390.16 -26.30
Net Cash Flows-Financing -51.68 1,469.84 -4.72

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%
Shenzhen Huasheng Lingfeng Equity Investment(Limited Partnership) 4.50 3.37%
Green Paper Investment Limited 3.77 2.82%
Leng Derong 1.99 1.49%
Bank of China Limited - E Fund Healthcare Hybrid Securities Investment Fund 1.90 1.43%
Nanjing Maitai Investment Co., Ltd 1.75 1.32%
Long Xiaohui 1.39 1.04%
China Merchants Bank Co., Ltd. - Huaxia SSE Innovation Board 50 component ETF Securities Investment Fund 1.04 0.78%
As of 2020-12-31

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