IPO Observations | Jikailian's Performance Plummets, Overseas Revenue Occupies the Reverse Trend Why?
Three years of pandemic, many medical companies have reaped huge profits. These companies have also launched IPOs one after another, relying on products such as masks and other protective equipment to boost their performance. Jikailian Medical Technology Co., Ltd. (hereinafter referred to as Jikailian) is one of them.
Jikailian mainly develops, produces, and sells medical disposable materials, disinfection and sterilization products, and high-molecular polyurethane products, which can be divided into six categories: surgical consumables, wound care, disinfection and cleaning, protection, high-molecular polyurethane products, and non-woven fabric products.
In 2020, the company's performance soared, with revenue reaching over 16 billion yuan and net profit exceeding 3.84 billion yuan. However, as the pandemic subsided, Jikailian's performance plummeted, with revenue dropping to 7.82 billion yuan in 2021 and net profit falling to 1.32 billion yuan.
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