2    IVD market in China

    2.1 Market size of Chinese enterprises and the statistics of listed companies and enterprises listed on the National Equities Exchange and Quotations (NEEQ)

 

By summarizing the information about China's IVD market at home and abroad, based on the ex-factory prices of manufacturers and first-hand wholesale prices of foreign-funded enterprises, and excluding non-industrial data, it is estimated that the size of China's IVD market will exceed 130 billion CNY in 2021, with a growth rate of about 15%. The proportion of imported products is more than 50%.

Moreover, the data of 87 listed diagnostics companies and companies listed on the NEEQ in the first half of 2021 and the data of 94 listed diagnostics companies and companies listed on the NEEQ in the whole year of 2021 are summarized as follows:

In the first half of 2021, the total revenue of 87 listed companies was 74.65 billion CNY with a year-on-year growth of 54.79%; the attributable net profit was 17.92 billion CNY with a year-on-year growth of 82.06%.

In 2021, the total revenue of 94 listed companies was 163.486 billion CNY with a year-on-year growth of 33.72%; the attributable net profit was 35.52 billion CNY with a year-on-year growth of 39.42%.

See Table 1.1-1.4 below for data.

Table 1.1 Rankings of critical data of listed diagnostics companies in the first half of 2021 (10 thousand CNY)

Note 1: The following table includes listed companies related to IVD on the main board, SME board, GEM and Hong Kong stocks.

Note 2: Mindray's revenue adopts the revenue of the “in vitro diagnostics” product line in its financial statement, and the profit is calculated by multiplying the proportion of IVD product line in total revenue by the total profit, the same below.

Table 1.2 Rankings of critical data of NEEQ companies in the first half of 2021 (10 thousand CNY)

Note:

1. By the end of 2019, the total market value of 27 listed companies in the IVD industry was 471 billion CNY; by the end of 2020, the total market value of 33 listed companies in the IVD industry was 1183.6 billion CNY; by the end of 2021, the total market value of 52 listed companies in the IVD industry was 1201.6 billion CNY.

2. By the end of 2019, the average P/E ratio of 27 listed companies in the IVD industry was 44.01 times; by the end of 2020, the average P/E ratio of 33 listed companies in the IVD industry was 65.09 times; by the end of 2021, the average P/E ratio of 52 listed companies in the IVD industry was 45.51 times.

Table 1.6 Newly listed enterprises in the industry in 2021

2.2 Investment and financing events of Chinese IVD enterprises in 2021 (Table 1.7)

Table 1.7 Summary of investment and financing events of Chinese IVD enterprises in 2021

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