Brief Introduction

TINAVI has been focusing on the field of orthopedics for 15 years, and has always been committed to providing more possibilities for the development of precision and intelligent orthopedics medicine by integrating innovation into every link from design, research and manufacture with the spirit of persevering original research.

As the pioneer of medical robots in China, TINAVI has obtained more than 100 patents, more than 20 national and provincial key scientific research projects, and is the supporting organization of National & Local Joint Engineering Research Center for Medical Robots. TINAVI has its own postdoctoral scientific research workstation, and is a member of National Robotics Standardization General Working Group of China, a deputy-director level member company of the Medical Robot Branch of the Chinese Society of Biomedical Engineering, deputy-director level member company of the Beijing Intelligent Robot Industry Alliance, and director level member company of the Zhongguancun Medical Device Industry Alliance.

TiRobot Orthopaedic Robotic System can help surgeons precisely position surgical instruments or implants during orthopedic surgeries for spine and trauma with its robotic arm.

The system is compatible to 2D and 3D modes. With the aid of an orthopedic guide and the unique intelligent algorithm for calculating screw entry point and cannulation, the robotic arm can precisely move to the planned position and provide surgeons accurate and stable placement path of K-wire. Surgeons can precisely design and place the internal implant according to surgical plan.

TiRobot find a new way to make regular surgery precise and minimally invasive, complex surgery standardized, critical operation intelligent, medical resources equally distributed, which has significant clinical advantages. The bright future of intelligent orthopedics is coming.

Company Overview

Full name TINAVI Medical Technologies Co.,Ltd.
Abbreviations TINAVI
Code 688277
Founded 2010-10-22
Listing 2020-07-07
Domicile Beijing
STAR Theme Biomedicine
CSRC Sector Special equipment Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share -0.14 -0.08 -0.00
R&D expenditure as a % of operating revenue 54.53% 33.55% 32.74%
Operating Revenue 135.91 229.56 126.88
Net Income -54.16 -34.17 -3.66

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 135.91 229.56 126.88
Operating Costs 31.27 34.56 30.26
Operating Income -64.14 -39.47 -8.09
Pretax Income -68.40 -42.84 -7.99
Income Tax -14.23 -8.68 -4.33
Net Income -54.16 -34.17 -3.66

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 794.32 527.64 547.72
Non-current Assets-Total 324.96 185.96 114.93
Total Assets 1,119.28 713.60 662.66
Current Liabilities-Total 80.57 96.31 94.12
Non-current Liabilities-Total 12.16 20.95 7.93
Total Liabilities 92.73 117.26 102.05
Stockholder's Equity
Share Capital 1,093.62 640.32 589.72
Retained Profits -97.59 -54.98 -38.92
Minority Interests 30.52 11.00 9.81
Total Owners' Equity 1,026.55 596.34 560.61

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -57.58 20.53 13.15
Net Cash Flows-Investing -99.76 -147.08 -217.63
Net Cash Flows-Financing 473.11 -2.47 8.76

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Songgen Zhang 75.66 18.08%
北京智汇合创投资合伙企业(有限合伙) 33.05 7.90%
Advanced Manufacturing Industry Investment Fund(L.P.) 25.52 6.10%
Beijing - Tianjin - Hebei Industrial Cooperative Development Investment Fund(Limited Partnership) 25.52 6.10%
Beijing Runxin Dingtai Investment Center(L.P.) 21.26 5.08%
Qi Wu 12.51 2.99%
深圳同创伟业资产管理股份有限公司-北京同创共享创业投资中心(有限合伙) 12.00 2.87%
Wenjun Jiang 11.76 2.81%
萍乡市玖兆月辰投资管理合伙企业(有限合伙) 10.92 2.61%
智汇德创(天津)科技中心(有限合伙) 9.20 2.20%
As of 2021-03-31

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