Brief Introduction

Shanghai Sanyou Medical Co., Ltd. is a medical devices corporation founded in 2005 that focuses on the R&D, production and sales of orthopedic implants, particularly spinal implants and implants for trauma patients. It is one of the few enterprises in China's orthopedic market with the innovative R&D capabilities.

Since its establishment, the company has attached great importance to the updating and iteration of products. Under the leadership of chairman Michael Mingyan Liu, the company has established a complete product R&D system, with international advanced R&D equipment and project management system. This allows Sanyou to produce technologically advanced, effective and reliable products. By the end of 2020, the company has obtained 23 Class III Registration Certificate of medical device products and 121 patents, including 28 domestic invention patents, 1 American, 1 Japanese and 1 Australian invention patent, 88 domestic utility model patents, 1 German utility model patent and 1 domestic design patent. The company and its products have gained national recognition, winning awards including the first prize of Excellent Scientific Research Achievement Award of Colleges and Universities, the first prize of Scientific Progress Award, the second prize of China's Medical Science and Technology award. In 2019, the company's spine products ranked second in the market share of domestic enterprises and fifth in the market as a whole.

In the future, the company will combine its own capabilities with strong government support for domestic innovation to continue to increase investment in research, develop innovative therapies and products, and vigorously increase investment in market promotion and product training. The company will strive for a substantial increase in market share, further enrich orthopedic product series, and pursue opportunities in new fields such as sports medicine. We will also promote innovation through the application of new materials, surface modification of biomaterials and 3D printing, and continuously enhance the company's value, so as to realize the sustainable, healthy and rapid development of the company and maximize the interests of investors.

Company Overview

Full name Shanghai Sanyou Medical Co., Ltd.
Abbreviations Sanyou Medical
Code 688085
Founded 2005-04-19
Listing 2020-04-09
Domicile No.385 Huirong Road, Jiading Industrial Zone, Jiading District, Shanghai
Email ir@sanyou-medical.com
STAR Theme Biomedicine
CSRC Sector Special Equipment Manufacturing Industry(C35)
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 0.63 0.64 0.40
R&D expenditure as a % of operating revenue 8.69% 5.21% 5.99%
Operating Revenue 390,432,505.51 354,319,330.18 222,312,864.19
Net Income 118,558,789.47 98,059,846.65 61,969,780.65

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 390.43 354.32 222.31
Operating Costs 35.63 30.96 25.46
Operating Income 130.38 109.34 68.36
Pretax Income 136.95 113.96 71.66
Income Tax 18.39 15.90 9.69
Net Income 118.56 98.06 61.97

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 1,440.93 342.63 266.39
Non-current Assets-Total 229.75 208.85 122.19
Total Assets 1,670.67 551.48 388.58
Liabilities
Current Liabilities-Total 123.68 106.57 40.26
Non-current Liabilities-Total 12.57 7.10 8.08
Total Liabilities 136.25 113.67 48.34
Stockholder's Equity
Share Capital 205.33 154.00 154.00
Retained Profits 246.88 140.43 52.26
Total Owners' Equity 1534.43 437.81 340.24

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 77.52 61.72 19.79
Net Cash Flows-Investing -830.39 -49.56 -17.77
Net Cash Flows-Financing 978.20 -0.49 -10.78

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
QM5 LIMITED 37.95 18.48%
徐农 26.81 13.06%
LIU Michael Mingyan 22.22 10.82%
南通宸弘股权投资合伙企业(有限合伙) 19.60 9.55%
赣州泰宝股权投资合伙企业(有限合伙) 14.45 7.04%
FAN DAVID 14.15 6.89%
平潭泰格盈科创业投资合伙企业(有限合伙) 4.17 2.03%
混沌天成三友医疗科创板员工持股计划10号集合资产管理计划 3.95 1.92%
交通银行股份有限公司-万家行业优选混合型证券投资基金(LOF) 3.66 1.78%
招商银行股份有限公 司-万家经济新动能混合型证券投资基金 3.00 1.46%
31-12-2020

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