Image credit: screenshot of SHINVA website, 7th May 2020
On October 30th, Shandong Xinhua Medical Devices (SHINVA), the Chinese originated manufacturer of medical equipment, published its financial results for Q3 2020. These show that sales returned to strong growth during the quarter. Total sales reached CN¥2.51 bn, compared with CN¥2.14 bn during Q3 2019, an increase of approximately +17% year-on-year. This took cumulative 2020 sales to CN¥6.53 bn, compared with CN¥6.32 bn during 2019, an increase of approximately +3.4% year-on-year.