Brief Introduction

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.

Company Overview

Full name Beijing Balance Medical Technology Co., Ltd.
Abbreviations Balance Medical
Code 688198
Founded July 11, 2005
Listing December 9, 2019
Domicile Beijing
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

Income Statement (Unit: RMB mn)

  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

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
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
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

Cash Flow Statement (Unit: RMB mn)

  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

Top 10 Shareholders

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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