Medical machinery market has broad prospects

Early spring in March. In Yunyang Industrial Park, Danyang, Jiangsu, Yu Yue Medical's workshop is busy. Here an electronic sphygmomanometer goes offline every 3 seconds. In the company's sample exhibition hall, hundreds of medical device products are dazzling, and a team of dealers from all over the country is in a continuous stream. Outside, on a piece of land of about 300 acres, groundbreaking preparations are underway...

In 2010, Yuyue Medical’s promotion became the most proud of Wu Guangming, the general manager: Through technological innovation, the number of workers has increased by 4.6%, production has increased substantially, and sales have increased by 60%...

Wu Guangming accepted an interview with a reporter during the reception dealership.

Reporter: In the 2010 performance report, the company achieved total revenue of 884 million yuan in 2010, an increase of 64.33% year-on-year, and net profit attributable to shareholders of listed companies was 161 million yuan, an increase of 60.18% year-on-year. What I want to understand is whether such a high growth situation can continue?

Wu Guangming: Since its establishment in 1998, the company has maintained rapid growth. Since its listing, the company has grown at a very high speed. Unlike chemical and steel cyclical species, diving products are mostly anti-cyclical varieties. Diving is a complete and independent company. Starting from the cultivation of the market, all links such as production, manufacturing, sales, and after-sales are completed independently. As long as we are doing well, we are not reliant on the macroeconomic side. I hope that the future diving will become a big company like GE. I think China's big market will certainly create a huge company.

Reporter: Where does Wu’s confidence come from?

Wu Guangming: I have always had enough confidence. We have a profit of 31 million yuan at the time of listing. Some people are not optimistic about us. But now, we have been developing very quickly. One of the weaknesses of the previous diving was in Danyang, Jiangsu. Talent construction was our short-leg, but many talents are now willing to work in second and third-tier cities.

In the product strategy section, Di Yue has already become the leader in the home medical device market. With the development of the market, the diving industry must achieve greater scale in this market as soon as possible. One of the strengths of the diving is to open up the "market." Such as wheelchair and molecular oxygen market. In the past, people thought that wheelchairs were used by people with disabilities. Divers promoted this product to the community and successfully created the concept that wheelchairs are used by the elderly. In the aspect of molecular oxygen generators, the concept of medical emergency was used in the past, and the concept of oxygen therapy we have created has expanded the consumption target of this product to students, pregnant women, and office owners. In the future, families with high quality of life will be equipped with a molecular oxygen generator.

Reporter: We know that diving has become the “boss” in the home medical device market, but where will the company’s new growth point be?

Wu Guangming: What we are doing now is a high value consumable. Such as surgical suture needles, thread, blood collection tube, retention needle and so on. It takes a long time for a hospital to buy a medical device; while consumables are needed daily, the market demands a lot. On the other hand, the overseas market is very large. The high-end medical equipment market is saturated. It is relatively easy for relatively small consumable products to be exported to the United States and Japan.

The second block is the medical home appliances section. We want to create the concept of medical consumer goods and produce medical appliances like home appliances. People who now manufacture medical products cannot promote them; enterprises that make household appliances do not enter the medical market. In this field, fish diving has barriers to regulations, technologies, and barriers. I look forward to the rapid growth of Yu Yue's medical appliance business in the next year or two.