2023 Q4 Form 20-F Financial Statement

#000121390024035784 Filed on April 24, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $97.10M $97.10M $103.3M
YoY Change -6.05% -6.05%
Cost Of Revenue $63.90M $63.90M $65.25M
YoY Change -2.06% -2.06%
Gross Profit $33.20M $33.20M $38.10M
YoY Change -12.86% -12.86%
Gross Profit Margin 34.19% 34.19% 36.86%
Selling, General & Admin $15.59M $13.84M $19.45M
YoY Change -19.85% -29.33%
% of Gross Profit 46.96% 41.68% 51.06%
Research & Development $2.743M $2.753M $2.955M
YoY Change -7.15% -7.07%
% of Gross Profit 8.26% 8.29% 7.76%
Depreciation & Amortization $180.4K $408.2K $134.8K
YoY Change 33.81% -24.58%
% of Gross Profit 0.54% 1.23% 0.35%
Operating Expenses $18.52M $18.52M $27.30M
YoY Change -32.14% -32.14%
Operating Profit $14.67M $14.67M $10.80M
YoY Change 35.85% 35.85%
Interest Expense $469.2K $469.2K $142.5K
YoY Change 229.3% 229.3%
% of Operating Profit 3.2% 3.2% 1.32%
Other Income/Expense, Net -$95.38K $373.8K -$53.21K
YoY Change 79.25% -518.7%
Pretax Income $15.05M $15.05M $10.89M
YoY Change 38.17% 38.17%
Income Tax $3.458M $3.458M $4.714M
% Of Pretax Income 22.98% 22.98% 43.28%
Net Earnings $11.63M $11.63M $6.243M
YoY Change 86.22% 86.22%
Net Earnings / Revenue 11.97% 11.97% 6.04%
Basic Earnings Per Share $0.49
Diluted Earnings Per Share $0.49 $0.49 $0.27
COMMON SHARES
Basic Shares Outstanding 23.94M shares 23.94M shares 23.94M shares
Diluted Shares Outstanding 23.94M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.93M $16.93M $26.74M
YoY Change -36.69% -36.69%
Cash & Equivalents $16.93M $26.74M
Short-Term Investments
Other Short-Term Assets $14.21M $14.21M $16.43M
YoY Change -13.49% -13.49%
Inventory $1.617M $1.617M $1.122M
Prepaid Expenses
Receivables $78.57M $79.03M $68.95M
Other Receivables $20.45M $20.45M $239.1K
Total Short-Term Assets $132.2M $132.2M $135.3M
YoY Change -2.28% -2.28% 39.11%
LONG-TERM ASSETS
Property, Plant & Equipment $8.831M $8.838M $8.758M
YoY Change 0.83% 0.91% 17.12%
Goodwill
YoY Change
Intangibles $3.916M $497.6K
YoY Change 686.96% -11.46%
Long-Term Investments $6.132M $6.132M $6.670M
YoY Change -8.06% -8.06%
Other Assets $11.27M $20.79M $12.33M
YoY Change -8.64% 68.59%
Total Long-Term Assets $39.68M $39.68M $28.26M
YoY Change 40.41% 40.41% -28.61%
TOTAL ASSETS
Total Short-Term Assets $132.2M $132.2M $135.3M
Total Long-Term Assets $39.68M $39.68M $28.26M
Total Assets $171.9M $171.9M $163.6M
YoY Change 5.1% 5.1% 19.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.82M $15.82M $16.10M
YoY Change -1.7% -1.7% -23.28%
Accrued Expenses $1.199M $1.199M $1.238M
YoY Change -3.16% -3.16%
Deferred Revenue
YoY Change
Short-Term Debt $7.324M $7.324M $6.089M
YoY Change 20.27% 20.27% 17.59%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.07M $25.07M $24.17M
YoY Change 3.72% 3.72% -16.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $724.9K
YoY Change -100.0%
Other Long-Term Liabilities $4.590K $4.590K
YoY Change
Total Long-Term Liabilities $0.00 $4.590K $724.9K
YoY Change -100.0% -99.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.07M $25.07M $24.17M
Total Long-Term Liabilities $0.00 $4.590K $724.9K
Total Liabilities $25.08M $25.58M $24.90M
YoY Change 0.72% 0.51% -14.41%
SHAREHOLDERS EQUITY
Retained Earnings $94.64M $83.33M
YoY Change 13.57% 7.42%
Common Stock $11.97K $11.97K
YoY Change 0.0% 19.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $146.3M $146.3M $138.1M
YoY Change
Total Liabilities & Shareholders Equity $171.9M $171.9M $163.6M
YoY Change 5.1% 5.1% 19.52%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $11.63M $11.63M $6.243M
YoY Change 86.22% 86.22%
Depreciation, Depletion And Amortization $180.4K $408.2K $134.8K
YoY Change 33.81% -24.58%
Cash From Operating Activities $7.696M $2.276M
YoY Change -124.84%
INVESTING ACTIVITIES
Capital Expenditures $106.6K $1.183M
YoY Change -56.18%
Acquisitions
YoY Change
Other Investing Activities -$8.492M -$7.772M
YoY Change 31.25%
Cash From Investing Activities -$8.589M -$12.46M
YoY Change 44.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.87K $706.1K
YoY Change -98.1%
NET CHANGE
Cash From Operating Activities 7.696M $2.276M
Cash From Investing Activities -8.589M -$12.46M
Cash From Financing Activities -13.87K $706.1K
Net Change In Cash -906.8K -$9.810M
YoY Change -152.78%
FREE CASH FLOW
Cash From Operating Activities $7.696M $2.276M
Capital Expenditures $106.6K $1.183M
Free Cash Flow $7.589M $1.093M
YoY Change -109.21%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 dei Document Type
DocumentType
20-F
CY2023 dei Document Registration Statement
DocumentRegistrationStatement
false
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Document Shell Company Report
DocumentShellCompanyReport
false
CY2023 dei Entity File Number
EntityFileNumber
001-41291
CY2023 dei Entity Registrant Name
EntityRegistrantName
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES cO., LTD.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
E9
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
88 Tongda Road
CY2023 dei Entity Address Address Line2
EntityAddressAddressLine2
Touqiao Town
CY2023 dei Entity Address Address Line3
EntityAddressAddressLine3
Guangling District
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Yangzhou
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
225000
CY2023 dei Entity Address Country
EntityAddressCountry
CN
CY2023 dei Security12b Title
Security12bTitle
Ordinary Share, $0.0005 par value
CY2023 dei Trading Symbol
TradingSymbol
MHUA
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
23940000 shares
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023 dei Auditor Firm
AuditorFirmId
6651
CY2023 dei Auditor Name
AuditorName
Kreit & Chiu CPA LLP
CY2023 dei Auditor Location
AuditorLocation
New York, New York
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16926878 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26736700 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
20431900 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
22085846 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
78570956 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
68945792 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1617225 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1122038 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14212606 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16428779 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
132237053 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
135319155 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8830968 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8758047 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3915917 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
497600 usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
6131941 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
163577579 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
97098915 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
6669655 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11267764 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12333122 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7087 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
369483 usd
CY2023Q4 us-gaap Assets
Assets
171915272 usd
CY2022Q4 us-gaap Assets
Assets
163577579 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
7324047 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
6089428 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
15822029 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
16096165 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1082131 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1131276 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
842156 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
856698 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2495 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
25072858 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
24173567 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
724932 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4592 usd
CY2023Q4 us-gaap Liabilities
Liabilities
25077450 usd
CY2022Q4 us-gaap Liabilities
Liabilities
24898499 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0005
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0005
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23940000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23940000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
20000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20000000 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
11970 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
11970 usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0005
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0005
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42967006 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42967006 usd
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
15985627 usd
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
15665860 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
94635889 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
83330239 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7268652 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3852138 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
146331840 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
138122937 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
505982 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
556143 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
146837822 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
138679080 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
171915272 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
103346341 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
104037710 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
63900597 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
65247864 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
64232469 usd
CY2023 us-gaap Gross Profit
GrossProfit
33198318 usd
CY2022 us-gaap Gross Profit
GrossProfit
38098477 usd
CY2021 us-gaap Gross Profit
GrossProfit
39805241 usd
CY2023 us-gaap Selling Expense
SellingExpense
7295460 usd
CY2022 us-gaap Selling Expense
SellingExpense
7109524 usd
CY2021 us-gaap Selling Expense
SellingExpense
6457801 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6540944 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12468551 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4361472 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2753315 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2962904 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2725014 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4755536 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1933661 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
18523380 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
27296515 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
13544287 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
14674938 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
10801962 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
26260954 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-250781 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-194667 usd
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-180744 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
873439 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
63725 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
23855 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-153440 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
273432 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
174413 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-95382 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-53205 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-50437 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
373836 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
89285 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-32913 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15048774 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10891247 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26228041 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3457733 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4713543 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5278462 usd
CY2023 us-gaap Profit Loss
ProfitLoss
11591041 usd
CY2022 us-gaap Profit Loss
ProfitLoss
6177704 usd
CY2021 us-gaap Profit Loss
ProfitLoss
20949579 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-34376 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-65265 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
11625417 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
6242969 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
20949579 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3432299 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-9155028 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2083243 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
8158742 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2977324 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
23032822 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-50161 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-79167 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8208903 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2898157 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
23032822 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23940000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23411068 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20000000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
84735780 usd
CY2021 us-gaap Profit Loss
ProfitLoss
20949579 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
2083243 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
107768602 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
33252492 usd
CY2022 us-gaap Stockholders Equity Other
StockholdersEquityOther
635310 usd
CY2022 us-gaap Profit Loss
ProfitLoss
6177704 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-9155028 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
138679080 usd
CY2023 us-gaap Profit Loss
ProfitLoss
11591041 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3432299 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
146837822 usd
CY2023 us-gaap Profit Loss
ProfitLoss
11591041 usd
CY2022 us-gaap Profit Loss
ProfitLoss
6177704 usd
CY2021 us-gaap Profit Loss
ProfitLoss
20949579 usd
CY2023 us-gaap Depreciation
Depreciation
408233 usd
CY2022 us-gaap Depreciation
Depreciation
541265 usd
CY2021 us-gaap Depreciation
Depreciation
595522 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62149 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22196 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26951 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-102319 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-25023 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-15281 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4755536 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1933661 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-370475 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized After Tax
ForeignCurrencyTransactionGainLossRealizedAfterTax
-153440 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized After Tax
ForeignCurrencyTransactionGainLossRealizedAfterTax
273432 usd
CY2023 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
4832 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
611 usd
CY2023 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1026148 usd
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
4284515 usd
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
6533717 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13558315 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7121889 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20065904 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
457585 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
528635 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-35027 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-105121 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1760865 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4932145 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
861799 usd
CY2023 us-gaap Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
21184 usd
CY2021 us-gaap Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
-396583 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
185902 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3371275 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4908971 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-16893 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-812412 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
288659 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9911 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
75879 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
120090 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-611 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2275750 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9163038 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-54663 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1182699 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2698729 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
850231 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3503883 usd
CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
5944709 usd
CY2023 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
353062 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
348321 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
23146 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
16414 usd
CY2023 mhua Collection Of Longterm Deposits For Buildings
CollectionOfLongtermDepositsForBuildings
706125 usd
CY2023 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
9179624 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12458698 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8620292 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-833817 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
6637574 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
7579135 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
6510820 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
743052 usd
CY2022 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
635310 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
34529644 usd
CY2023 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
5931449 usd
CY2022 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
6241641 usd
CY2021 us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
4650586 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
706125 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37245500 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1860234 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-332999 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-874746 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-9812 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9809822 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18587424 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
961942 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26736700 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8149276 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7187334 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16926878 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26736700 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8149276 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
250781 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
194667 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
180744 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
3583143 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
5703288 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
5042816 usd
CY2022 mhua Shareholder Contribution Through Deferred Cost
ShareholderContributionThroughDeferredCost
1277152 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7697 usd
CY2015Q4 us-gaap Capital Units Net Amount
CapitalUnitsNetAmount
53911815 hkd
CY2015Q4 us-gaap Capital Units Net Amount
CapitalUnitsNetAmount
6911771 usd
CY2021Q4 mhua Subsidiary Percentage
SubsidiaryPercentage
0.55 pure
CY2023Q4 mhua Subsidiary Percentage
SubsidiaryPercentage
0.51 pure
CY2023 mhua Description Of Yongjun Liu Surrendered Shares
DescriptionOfYongjunLiuSurrenderedShares
Yongjun Liu surrendered 49,999 shares to the Company for cancellation. The Company subdivided each existing share with a par value of $1.00 into 2,000 shares with a par value of $0.0005 par value and created a new class of preferred shares. Upon completion of the share capital changes, the Company’s share capital includes 80,000,000 ordinary shares with a par value of $0.0005 per share and 20,000,000 preferred shares with a par value of $0.0005 per share.
CY2023 mhua Description Of Corporate Reorganization
DescriptionOfCorporateReorganization
the Company engaged in a corporate reorganization to combine the controlled entities (now referred to as the subsidiaries) into one legal corporation (the Company). The specific transactions related to this reorganization are outlined below. The Company entered into a share exchange agreement with Kang Fu to issue an aggregate of 15,933,000 ordinary shares to Yongjun Liu and Yin Liu in exchange for 100% ownership of Kang Fu, and allotted 2,640,000 ordinary shares at $0.0005 par value to three BVI companies held by founders of the Company for no consideration. On December 22, 2020, Guanghui was incorporated for the purpose of foreign exchange registration under the laws of the People’s Republic of China as there was no substantive business of Guanghui. The shares of Guanghui are owned by 13 natural persons (the “Guanghui Shareholders”) and on May 10, 2021, all of the Guanghui Shareholders agreed to transfer all their shares held in Guanghui to Huadong (an indirect subsidiary of the Company) for no consideration.
CY2020Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1425000 shares
CY2020Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1616971 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and related notes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The most significant estimates and judgments include allowance for credit losses, the valuation of inventory, useful life of property, plant and equipment and income taxes related to realization of deferred tax assets and uncertain tax position. Actual amounts could differ from those estimates.</p>
CY2023 mhua Period Ended Spot
PeriodEndedSpot
1 usd
CY2023 mhua Period Ended Spots
PeriodEndedSpots
7.0999
CY2022 mhua Period Ended Spot
PeriodEndedSpot
1 usd
CY2022 mhua Period Ended Spots
PeriodEndedSpots
6.8972
CY2021 mhua Period Ended Spot
PeriodEndedSpot
1 usd
CY2021 mhua Period Ended Spots
PeriodEndedSpots
6.3726
CY2023 mhua Period Average
PeriodAverage
1 usd
CY2023 mhua Period Averages
PeriodAverages
7.0809
CY2022 mhua Period Average
PeriodAverage
1 usd
CY2022 mhua Period Averages
PeriodAverages
6.729
CY2021 mhua Period Average
PeriodAverage
1 usd
CY2021 mhua Period Averages
PeriodAverages
6.4508
CY2023 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
7.8 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Certain Risks and Concentration</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and receivables. As of December 31, 2023 and 2022 substantially all the Company’s cash was held in major financial institutions located in Hong Kong and mainland China, which institutions management considers to be of high credit quality.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, one customer accounted for approximately 16.84% of the Company’s total revenues. For the year ended December 31, 2022, two customers accounted for approximately 27.63% and 10.97% of the Company’s total revenues, respectively. For the year ended December 31, 2021, two customers accounted for approximately 21.91% and 11.26% of the Company’s total revenues, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, one customer accounted for approximately 15.63% of the Company’s accounts receivable. As of December 31, 2022, two customers accounted for approximately 27.73% and 13.14% of the Company’s accounts receivable, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, one supplier accounted for approximately 14.46% of the Company’s total purchases. For the year ended December 31, 2022, one supplier accounted for approximately 11.93% of the Company’s total purchases. There was no supplier that individually represented greater than 10% of the total purchase of the Group for the year ended December 31, 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023 mhua Revenues Percentage
RevenuesPercentage
0.1446 pure
CY2022 mhua Revenues Percentage
RevenuesPercentage
0.1193 pure
CY2021 mhua Revenues Percentage
RevenuesPercentage
0.10 pure
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1933661 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14212606 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16428779 usd
CY2023 mhua Current Vat Rate Percentage
CurrentVatRatePercentage
0.13 pure
CY2023Q1 mhua Equitys Interest Percentage
EquitysInterestPercentage
0.05 pure
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
353062 usd
CY2023Q1 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
2500000 cny
CY2023Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
4832 usd
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
290 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
97098915 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
103346341 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
104037710 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
97098915 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
103346341 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
104037710 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
8096 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
95432 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
21498 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2753315 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2962904 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2725014 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
97098915 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
103346341 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
104037710 usd
CY2023 mhua Others Products
OthersProducts
6972359 usd
CY2022 mhua Others Products
OthersProducts
10849537 usd
CY2021 mhua Others Products
OthersProducts
9065588 usd
CY2023 mhua Total Products
TotalProducts
97098915 usd
CY2022 mhua Total Products
TotalProducts
103346341 usd
CY2021 mhua Total Products
TotalProducts
104037710 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
80955803 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
68945792 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1928486 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
79027317 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
68945792 usd
CY2023Q4 mhua Less Accounts Receivable Net Related Parties
LessAccountsReceivableNetRelatedParties
-456361 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
78570956 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
68945792 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1933661 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1933661 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Loss Foreign Currency Translation
FinancingReceivableAllowanceForCreditLossForeignCurrencyTranslation
5175 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1928486 usd
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
127901 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
239148 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
250410 usd
CY2023Q4 mhua Prepaid For Land Use Right
PrepaidForLandUseRight
14084705 usd
CY2022Q4 mhua Prepaid For Land Use Right
PrepaidForLandUseRight
15948501 usd
CY2023Q4 mhua Prepaid For Property
PrepaidForProperty
11267764 usd
CY2022Q4 mhua Prepaid For Property
PrepaidForProperty
12323842 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
25480370 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
28761901 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
11267764 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
12333122 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14212606 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16428779 usd
CY2023Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
10000000 cny
CY2023Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
1420000 usd
CY2020Q2 us-gaap Investment Interest Rate
InvestmentInterestRate
0.035 pure
CY2023Q4 us-gaap Prepaid Interest
PrepaidInterest
2500000 cny
CY2023Q4 us-gaap Prepaid Interest
PrepaidInterest
350000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
526522 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
177474 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2376 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
343795 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1048211 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
560119 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
40116 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
40650 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1617225 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1122038 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12691359 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12535348 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3860391 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3777301 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8830968 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8758047 usd
CY2023 us-gaap Depreciation
Depreciation
408233 usd
CY2022 us-gaap Depreciation
Depreciation
541265 usd
CY2021 us-gaap Depreciation
Depreciation
595522 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4381532 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
913097 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
465615 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
415497 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3915917 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
497600 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62149 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22196 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26951 usd
CY2023 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
3400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
85526 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
85526 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
84722 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
84454 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
84454 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3491235 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3915917 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
4832 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
290 usd
CY2023Q4 mhua Short Term Borrowings1
ShortTermBorrowings1
52000000 cny
CY2023Q4 mhua Short Term Borrowings1
ShortTermBorrowings1
7324047 usd
CY2022Q4 mhua Short Term Borrowings1
ShortTermBorrowings1
42000000 cny
CY2022Q4 mhua Short Term Borrowings1
ShortTermBorrowings1
6089428 usd
CY2023Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
3586024 usd
CY2022Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
2873795 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
5000000 cny
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
724932 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5000000 cny
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
3468 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
676 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7087 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2495 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4592 usd
CY2023Q4 mhua Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
7087 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0365 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2704 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2704 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2028 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
350 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7086 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
353887 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
380926 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
672245 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
690824 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
55999 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
59526 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1082131 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1131276 usd
CY2017Q4 mhua Assessable Profits
AssessableProfits
2000000 hkd
CY2017Q4 mhua Lower Tax Percentage
LowerTaxPercentage
0.0825 pure
CY2017Q4 mhua Remaining Taxable Income Percentage
RemainingTaxableIncomePercentage
0.165 pure
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3828207 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4713543 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5278462 usd
CY2023 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-370474 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3457733 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4713543 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5278462 usd
CY2023 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
15048773 usd
CY2022 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
18129648 usd
CY2021 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
26228041 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
3678233 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23940000 shares
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
3758113 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
5605035 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
16675 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
37169 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-13086 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
451154 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1660869 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
226222 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
688329 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
742608 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
539709 usd
CY2023 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
3457733 usd
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
4713543 usd
CY2021 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
5278462 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
1 pure
CY2023Q4 mhua Enterprise Income Tax Percentage
EnterpriseIncomeTaxPercentage
0.25 pure
CY2016Q4 mhua Preferential Tax Percentage
PreferentialTaxPercentage
0.15 pure
CY2023Q4 mhua Preferential Tax Percentage
PreferentialTaxPercentage
0.15 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.25 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.10 pure
CY2023Q4 us-gaap Capital Leases Of Lessor Contingent Rentals Basis Spread On Variable Rate
CapitalLeasesOfLessorContingentRentalsBasisSpreadOnVariableRate
0.50 pure
CY2023Q4 us-gaap Net Regulatory Assets
NetRegulatoryAssets
15985627 usd
CY2022Q4 us-gaap Net Regulatory Assets
NetRegulatoryAssets
15665860 usd
CY2023Q4 us-gaap Securities Loaned
SecuritiesLoaned
21127 cny
CY2023Q1 us-gaap Deposits
Deposits
9200000 usd
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
4507106 usd
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
32000000 cny
CY2023 us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
3380329 usd
CY2023 us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
24000000 cny
CY2023 us-gaap Securities Purchased Under Agreements To Resell Setoff Rights Description
SecuritiesPurchasedUnderAgreementsToResellSetoffRightsDescription
On December 27, 2023, the Company entered into a securities purchase agreement (the “SPA”) with certain institutional investors (the “Investors”), pursuant to which the Company agreed to issue, from time to time, up to $50,500,0000 in the Company’s securities (the “Offering”), consisting of convertible notes, issuable at a 7.0% original issue discount (the “Notes”), and accompanying ordinary share purchase warrants (the “Warrants”) with five-year terms and exercisable for a number of the Company’s ordinary shares, par value $0.0005 per share (the “Ordinary Shares”), equal to 50% of the number obtained from dividing each Note’s principal amount by the applicable VWAP (as defined in the SPA), subject to adjustment pursuant and a 4.99% beneficial ownership limitation. Pursuant to the SPA, the Company agreed to issue to the Investors at the initial closing of the Offering (the “First Closing”) $6,000,000 in Notes, convertible at the lower of (i) $2.738 per share (or 110% of the VWAP of the Ordinary Shares on December 27, 2023) or (ii) a price per share equal to 95% of the lowest VWAP of the Ordinary Shares during the seven (7)-trading day period immediately preceding the applicable conversion date, subject to certain adjustments and a 4.99% beneficial ownership limitation, and Warrants exercisable for up to an aggregate of 1,205,255 ordinary shares, at an exercise price of $2.9869 per share (or 120% of the VWAP of the Ordinary Shares on December 27, 2023).
CY2023 mhua Gross Proceeds
GrossProceeds
5580000 usd
CY2023 mhua Net Proceeds
NetProceeds
4800000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20000000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23411068 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2022 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized After Tax
ForeignCurrencyTransactionGainLossRealizedAfterTax
usd
CY2022 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
usd
CY2021 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
CY2022 us-gaap Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
usd
CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
usd
CY2022 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
usd
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
usd
CY2022 mhua Collection Of Longterm Deposits For Buildings
CollectionOfLongtermDepositsForBuildings
usd
CY2021 mhua Collection Of Longterm Deposits For Buildings
CollectionOfLongtermDepositsForBuildings
usd
CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
usd
CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
usd
CY2023 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
usd
CY2021 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2023 mhua Shareholder Contribution Through Deferred Cost
ShareholderContributionThroughDeferredCost
usd
CY2021 mhua Shareholder Contribution Through Deferred Cost
ShareholderContributionThroughDeferredCost
usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2022 us-gaap Financing Receivable Allowance For Credit Loss Foreign Currency Translation
FinancingReceivableAllowanceForCreditLossForeignCurrencyTranslation
usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
usd
CY2022 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001835615

Files In Submission

Name View Source Status
0001213900-24-035784-index-headers.html Edgar Link pending
0001213900-24-035784-index.html Edgar Link pending
0001213900-24-035784.txt Edgar Link pending
0001213900-24-035784-xbrl.zip Edgar Link pending
ea0203873-20f_meihua.htm Edgar Link pending
ea020387301ex12-1_meihua.htm Edgar Link pending
ea020387301ex12-2_meihua.htm Edgar Link pending
ea020387301ex13-1_meihua.htm Edgar Link pending
ea020387301ex13-2_meihua.htm Edgar Link pending
ea020387301ex23-1_meihua.htm Edgar Link pending
ea020387301ex8-1_meihua.htm Edgar Link pending
ea020387301ex97-1_meihua.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
image_005.jpg Edgar Link pending
image_006.jpg Edgar Link pending
image_007.jpg Edgar Link pending
image_008.jpg Edgar Link pending
image_009.jpg Edgar Link pending
image_010.jpg Edgar Link pending
image_011.jpg Edgar Link pending
image_012.jpg Edgar Link pending
image_013.jpg Edgar Link pending
image_014.jpg Edgar Link pending
image_015.jpg Edgar Link pending
image_016.jpg Edgar Link pending
image_017.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
ea0203873-20f_meihua_htm.xml Edgar Link completed
image_018.jpg Edgar Link pending
image_019.jpg Edgar Link pending
image_020.jpg Edgar Link pending
image_021.jpg Edgar Link pending
image_022.jpg Edgar Link pending
image_023.jpg Edgar Link pending
image_024.jpg Edgar Link pending
image_025.jpg Edgar Link pending
image_026.jpg Edgar Link pending
image_027.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
mhua-20231231.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
mhua-20231231_def.xml Edgar Link unprocessable
mhua-20231231_lab.xml Edgar Link unprocessable
mhua-20231231_pre.xml Edgar Link unprocessable
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
mhua-20231231_cal.xml Edgar Link unprocessable