Credit: Zhejiang Gongdong Medical Technology

In Sep. 16th, Zhejiang Gongdong Medical Technology Co., Ltd. successfully listed on SSE (Shanghai Stock Exchange). With the offering price of 31.65 RMB per share and opening price of 37.98 RMB, the price rose to 45.58 per share by 44.01% representing over 3.6 billion of total value after 30 minutes trading.

Mr. Shi Huiyong, Founder and president of Gongdong Medical

Credit: Zhejiang Gongdong Medical Technology

Zhejiang Gongdong Medical Technology Co., Ltd. was established in 1985 in Huangyan, Taizhou, an economically developed city.

Gongdong specialized in the development and production of disposable medical devices, and medical testing supplies. With continuous efforts over the past 35 years, it has become a renowned Chinese enterprise in the field medical consumables and lab supplies, also as a director of the China Association for Medical Devices Industry (CAMDI). Upholding the idea of promoting medical care, Gongdong has been making great efforts to continuously provide high-tech, safe, and effective medical products in the industry based on its own strengths and technological innovations. As a frontrunner in China’s medical consumables and lab supplies industry, it offers more than 500 types of products in three major categories.

Credit: Zhejiang Gongdong Medical Technology

Since 2001, in order to stay current with the market trends and in pursuit of long-lasting development, the company has begun to expand into international medical markets after obtaining ISO international certificate and EC Certificate. Thanks to a strong brand built over the years and diligent efforts paid to expand markets in the past few years, they have made great achievements in international markets, especially in the developed markets such as the United States and Japan where their disposable vaginal speculum and petri dishes are widely recognized by their clients.

Gongdong has established strategic partnerships with the leading health-care companies on the Fortune Global 500 list and developed strong cooperation with globally recognized companies in gene and life sciences through a rigorous validation process, which provides them with the opportunities to tap into the cutting-edge sciences field. In the context of the stable and sustained development of the world economy and Chinese economy, the demand for medical and health care is growing, which drives the development of medical research diagnosis, and consumables industries. Gongdong has sustained the momentum of steady sales growth in recent years and kept leading Chinese medical device and disposable market. Despite the priority given to achievements, the company also attaches great importance to human resources and thus develop their talent and teams based on an employee-centered approach. The company` s culture of “high quality, high efficiency, common development, and shared prosperity” has been deeply rooted in its employees’ mind.