Jin Medical International Ltd

ir.zhjmedical.com

What Do They Do?

Designs and manufactures wheelchairs and living aids for people with disabilities, older adults, and people recovering from injury.

How Do They Make Money?

It mainly earns money from product sales to dealers, with sales counted when goods are delivered. Its Japanese distributor’s contract sets payment after shipment.

revenue

Segment	Share	How money arrives
Wheelchair Sold outright	78% FY2022: 81%	Sold outright
Wheelchair components Sold outright	9.1%	Sold outright
Other products Sold outright	12%	Sold outright

Who Are Their Customers?

It mainly sells to qualified dealers, who distribute products to end users. Nissin is its sole Japanese distributor, while other dealers serve China and other regions.

Customers above 10% of revenue, FY2025

of revenue from two customers (59%, 12%)

FY2023: 78% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$3.7M.

Operating income, FY2025

3% of revenue

▼ −83% vs FY2024 ($3.6M, 15%)

Net income, FY2025

6% of revenue

▼ −68% vs FY2024 ($3.7M, 16%)

Free cash flow, FY2025

−18% of revenue

▲ +176% (Loss) vs FY2024 (−$1.4M, −6%)

How Are They Changing?

Flat. Revenue was $20.7M in FY2025, about the same as the $20.8M of FY2021.

Revenue over time

Wheelchair Wheelchair components Other products Wheelchair components and others

$25M$12.5M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Sangui Wheelchair Rehabilitation Equipment (Shanghai), Shanghai Jiekaiyang Medical Equipment, Matsunaga Welfare Appliance Manufacturing (Shanghai), and Jiangsu Yuyue Medical Equipment

Financial Snapshot

Last updated: 10/29/2026

Size

Revenue: N/A
Net Income: N/A

Growth FY2025

Revenue Growth
EPS Growth

Profitability

Gross Margin: N/A
Operating Margin: N/A
Net Income Margin: N/A

Cash flow

Free Cash Flow: N/A

Balance sheet Q4 FY2025

Cash
Debt to Equity

Valuation Today

Market Cap: $160.78M
P/E: N/A

Company Facts

Industry: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Incorporated
Headquarters
Employees

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