Image credit: Wandong booth, ChinaMed 2017
On October 29th, Wandong Medical published its financial results for Q3 2020. These show that sales began to contract during the quarter following explosive sales growth during the first half of 2020. Total sales reached CN¥0.23 bn, compared with CN¥0.26 bn during Q3 2019, a decrease of approximately -10% year-on-year. This took cumulative 2020 sales to CN¥0.74 bn, compared with CN¥0.64 bn during 2019, an increase of approximately +16% year-on-year.
Beijing Wandong Medical Technology Co., Ltd. engages in the research and development, manufacturing, and sale of medical diagnostic equipment. The company offers MRI solutions; radiological imaging solutions, including CT system, CGO series, DR system, DRF system, digital mammography, general and mobile X-ray, and C-arm equipment; and veterinary imaging solutions. It operates in approximately 70 countries worldwide. The company was formerly known as China Resources Wandong Medical Equipment Co., Ltd. The company was founded in 1955 and is headquartered in Beijing, China.