Beijing Balance Medical Technology Co., Ltd was founded in 2005. As a leading company with advanced technology on the research and development of animal source material medical devices, the company's products have been widely used in heart valve replacement and repair, congenital heart disease treatment and soft tissue surgical repair. 13 products have already received CFDA class III medical device approval, during which the prosthetic tissue heart valve (both bovine pericardial valve and porcine valve), pulmonary valved conduit, annuloplasty ring, cardiothoracic surgical biopatch, neurosurgical microvascular decompression felt ,monocusp outflow tract patch are the first approved domestic products in the related treatment fields, filled the vacancy of domestic medical devices. The products have been clinically used in more than 300 large hospitals in China such as Beijing Anzhen Hospital, Guangdong General Hospital. The company also has a strong product pipeline including transcatheter heart valves, ophthalmic surgical biopatch, etc., to reinforce market leader position in the related fields and ensure sustainable business growth in the future.
| Full name | Beijing Balance Medical Technology Co., Ltd. |
|---|---|
| Abbreviations | Balance Medical |
| Code | 688198 |
| Founded | July 11, 2005 |
| Listing | December 9, 2019 |
| Domicile | Beijing |
| bjbalance@balancemed.cn | |
| STAR Theme | Biomedicine |
| CSRC Sector | Manufacturing |
| Has weighted voting rights structure? | No |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Earnings Per Share | 0.59 | 0.88 | 0.54 |
| R&D expenditure as a % of operating revenue | 15.81% | 10.37% | 11.65% |
| Operating Revenue | 181,917,903.34 | 146,033,296.55 | 110,648,032.03 |
| Net Income | 55,918,796.72 | 62,887,195.09 | 33,139,784.53 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Operating Revenue | 181.92 | 146.03 | 110.65 |
| Operating Costs | 20.21 | 13.08 | 9.91 |
| Operating Income | 67.19 | 72.97 | 41.42 |
| Pretax Income | 66.29 | 72.95 | 41.25 |
| Income Tax | 10.37 | 10.06 | 8.11 |
| Net Income | 55.92 | 62.89 | 33.14 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 807.71 | 733.94 | 151.31 |
| Non-current Assets-Total | 63.73 | 54.35 | 58.74 |
| Total Assets | 871.44 | 788.29 | 210.05 |
| Liabilities | |||
| Current Liabilities-Total | 30.72 | 21.38 | 12.03 |
| Non-current Liabilities-Total | 4.90 | 2.00 | 1.98 |
| Total Liabilities | 35.62 | 23.39 | 14.01 |
| Stockholder's Equity | |||
| Share Capital | 96.00 | 96.00 | 72.00 |
| Retained Profits | 110.80 | 79.56 | 23.04 |
| Total Owners' Equity | 835.82 | 764.90 | 196.04 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Net Cash Flows-Operating | 50.76 | 63.88 | 53.92 |
| Net Cash Flows-Investing | -596.94 | -0.53 | -0.45 |
| Net Cash Flows-Financing | -22.74 | 509.51 | 12.80 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| Jin Lei | 59.92 | 62.42% |
| 北京佰奥企业管理中心（有限合伙） | 6.00 | 6.25% |
| 北京佰奥辅仁医疗投资管理中心（有限合伙） | 6.00 | 6.25% |
| 国信证券－中国银行－国信证券鼎信2号科创板战略配售集合资产管理计划 | 1.65 | 1.72% |
| 上海勤远投资管理中心（有限合伙）－勤远嘉裕私募证券投资基金 | 1.20 | 1.25% |
| 上海勤远投资管理中心（有限合伙）－勤远动态平衡1号私募证券投资基金 | 1.03 | 1.08% |
| 国信资本有限责任公司 | 1.03 | 1.07 |
| 横琴人寿保险有限公司－传统委托1账户 | 0.56 | 0.58% |
| 上海勤远投资管理中心（有限合伙）－勤远佰胜私募证券投资基金 | 0.42 | 0.44% |
| 中国工商银行股份有限公司－博时成长优选两年封闭运作灵活配置混合型证券投资基金 | 0.42 | 0.44% |
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