Financial Snapshot

Revenue
$294.0M
TTM
Gross Margin
35.04%
TTM
Net Earnings
$29.65M
TTM
Current Assets
$141.3M
Q2 2024
Current Liabilities
$29.59M
Q2 2024
Current Ratio
477.56%
Q2 2024
Total Assets
$179.2M
Q2 2024
Total Liabilities
$29.59M
Q2 2024
Book Value
$149.6M
Q2 2024
Cash
P/E
0.4286
Nov 29, 2024 EST
Free Cash Flow
-$1.405M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $97.10M $103.3M $104.0M $89.06M $79.63M $75.71M
YoY Change -6.05% -0.66% 16.82% 11.85% 5.18%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $97.10M $103.3M $104.0M $89.06M $79.63M $75.71M
Cost Of Revenue $63.90M $65.25M $64.23M $51.90M $47.42M $43.72M
Gross Profit $33.20M $38.10M $39.81M $37.16M $32.21M $31.99M
Gross Profit Margin 34.19% 36.86% 38.26% 41.72% 40.45% 42.26%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $13.84M $19.58M $10.64M $11.05M $9.439M $9.743M
YoY Change -29.33% 83.92% -3.65% 17.06% -3.12%
% of Gross Profit 41.68% 51.39% 26.74% 29.73% 29.3% 30.45%
Research & Development $2.753M $2.963M $2.717M $2.486M $3.212M $2.863M
YoY Change -7.07% 9.06% 9.27% -22.6% 12.21%
% of Gross Profit 8.29% 7.78% 6.83% 6.69% 9.97% 8.95%
Depreciation & Amortization $408.2K $541.3K $622.5K $523.4K $509.2K $567.8K
YoY Change -24.58% -13.05% 18.92% 2.79% -10.31%
% of Gross Profit 1.23% 1.42% 1.56% 1.41% 1.58% 1.77%
Operating Expenses $18.52M $27.30M $13.54M $13.69M $12.82M $12.81M
YoY Change -32.14% 101.54% -1.09% 6.79% 0.07%
Operating Profit $14.67M $10.80M $26.26M $23.47M $19.39M $19.18M
YoY Change 35.85% -58.87% 11.91% 21.04% 1.1%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $469.2K $142.5K $17.53K $292.9K -$138.4K -$449.5K
YoY Change 229.3% 712.84% -94.02% -311.6% -69.21%
% of Operating Profit 3.2% 1.32% 0.07% 1.25% -0.71% -2.34%
Other Income/Expense, Net $373.8K -$89.29K -$50.44K -$25.55K $740.00 -$16.47K
YoY Change -518.7% 77.01% 97.42% -3552.7% -104.49%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $15.05M $10.89M $26.23M $23.73M $19.25M $18.71M
YoY Change 38.17% -58.47% 10.51% 23.29% 2.88%
Income Tax $3.458M $4.714M $5.278M $4.688M $3.819M $3.233M
% Of Pretax Income 22.98% 43.28% 20.13% 19.75% 19.84% 17.28%
Net Earnings $11.63M $6.243M $20.95M $19.05M $15.43M $15.48M
YoY Change 86.22% -70.2% 10.0% 23.42% -0.3%
Net Earnings / Revenue 11.97% 6.04% 20.14% 21.38% 19.38% 20.44%
Basic Earnings Per Share $0.49 $0.27 $1.05 $0.95
Diluted Earnings Per Share $0.49 $0.27 $1.047M $952.3K $830.8K $773.9K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $16.93M $26.74M $8.149M $7.187M $16.03M $14.80M
YoY Change -36.69% 228.09% 13.38% -55.17% 8.29%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $14.21M $16.43M $1.395M $496.6K $20.54K $23.94K
YoY Change -13.49% 1078.08% 180.81% 2317.77% -14.2%
Inventory $1.617M $1.122M $1.251M $1.326M $1.025M $1.844M
Prepaid Expenses
Receivables $79.03M $68.95M $67.10M $45.70M $29.30M $24.93M
Other Receivables $20.45M $22.09M $19.38M $12.86M $6.203M $8.366M
Total Short-Term Assets $132.2M $135.3M $97.28M $67.57M $52.58M $49.97M
YoY Change -2.28% 39.11% 43.97% 28.51% 5.21%
Property, Plant & Equipment $8.838M $8.758M $7.478M $7.102M $3.401M $3.700M
YoY Change 0.91% 17.12% 5.28% 108.83% -8.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.132M $6.670M $941.5K $919.5K $861.9K $872.7K
YoY Change -8.06% 608.39% 2.39% 6.69% -1.24%
Other Assets $20.79M $12.33M $30.60M $29.89M $15.80M $7.272M
YoY Change 68.59% -59.7% 2.39% 89.14% 117.27%
Total Long-Term Assets $39.68M $28.26M $39.58M $38.48M $20.63M $12.45M
YoY Change 40.41% -28.61% 2.85% 86.55% 65.75%
Total Assets $171.9M $163.6M $136.9M $106.0M $73.20M $62.42M
YoY Change
Accounts Payable $15.82M $16.10M $20.98M $15.64M $9.359M $13.73M
YoY Change -1.7% -23.28% 34.17% 67.09% -31.81%
Accrued Expenses $1.199M $1.238M $1.336M $1.142M $603.7K $1.160M
YoY Change -3.16% -7.33% 16.97% 89.13% -47.95%
Deferred Revenue
YoY Change
Short-Term Debt $7.324M $6.089M $5.178M $3.218M $2.586M $2.036M
YoY Change 20.27% 17.59% 60.9% 24.48% 26.98%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.07M $24.17M $29.09M $21.31M $13.55M $17.96M
YoY Change 3.72% -16.9% 36.48% 57.33% -24.56%
Long-Term Debt $0.00 $724.9K $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.590K
YoY Change
Total Long-Term Liabilities $4.590K $724.9K $0.00 $0.00 $0.00 $0.00
YoY Change -99.37%
Total Liabilities $25.58M $25.45M $29.09M $21.31M $13.55M $17.96M
YoY Change 0.51% -12.49% 36.48% 57.33% -24.56%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 23.94M shares 23.41M shares 20.00M shares 20.00M shares
Diluted Shares Outstanding 23.94M shares 23.41M shares 20.00M shares 20.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $12.708 Million

About Meihua International Medical Technologies Co., Ltd.

Meihua International Medical Technologies Co. engages in the manufacture, research & development and sales of class I, II and III disposable medical devices through its operating subsidiaries. The company is headquartered in Yangzhou, Jiangsu and currently employs 617 full-time employees. The company went IPO on 2022-02-16. The firm's products include self-manufactured and out-sourced products. Class I disposable medical devices include disposable medical X-ray films, medical dry films, dry laser imagers, gauze bandages, examination gloves, pharmaceutical packaging materials and containers, low-density polyethylene (LDPE) bottles for eye drops, high-density polyethylene (HDPE) bottles for tablets, and others. Class II disposable medical devices include disposable full anesthesia kits, medical brush, woman's examination kits, urethral catheterization kits, gynecological examination kits, endotracheal intubation, medical masks, anal bags, and suction connecting tube, and others. Class III disposable medical devices include disposable infusion pumps, anesthesia puncture kits, electronic pumps, and others.

Industry: Surgical & Medical Instruments & Apparatus Peers: