Shandong Weigao Group Medical Polymer Company Ltd - Company Profile
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Business Description
Shandong Weigao Group Medical Polymer Company Ltd (Weigao), a subsidiary of Weigao Group Co Ltd, focuses on the research, development, manufacturing and commercialization of single-use medical devices. The company also operates a finance lease and factoring business in China. The company operates its business through six reportable segments: Medical device products, Orthopaedic products, Interventional products, Pharma packaging products, Blood management products, and Others. The company markets its products under the brand names of Wego Ortho and Jierui to hospitals, blood stations, medical units and distributors throughout the People's Republic of China (PRC) and overseas markets. In FY2024, the company’s capital expenditure stood at CNY647.4 million, which declined 5.5% YoY.
R&D Overview
The company’s R&D activities are focused on developing new medical devices and enhancing its existing products. In FY2024, the company spent CNY625.2 million on its R&D activities, which as a percentage of sales stood at 4.7%, and grew 5.4% YoY. The company employed 1,370 personnel in its R&D activities. It has made progress in key projects such as anesthesia machines, absorbable interface screws, self-administration drug delivery systems, and thrombus removal series products. The company has also deepened industry-academic-research cooperation, established clinical research bases. As of December 2024, the company had 873 product registration certificates, 1040 issued patents in the PRC, over 749 product registration certificates and 183 issued patents in overseas and 14 patents under application.
Business Segments
- Blood Management Products
- Interventional Products
- Medical Device Products
- Orthopaedic Products
- Pharma Packaging Products
Overview
Offers blood storage, collection, separation, and sterilization products.
Performance
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Overview
Manufactures and sells tumor and blood vessel interventional instruments.
Performance
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Overview
Produces and markets medical diagnostic tools, drugs for healthcare services, anesthesia, and surgical supplies, along with other consumable items.
Performance
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Overview
Manufactures and sells spinal implants, prosthetic joints, healing of soft tissues, athletic injury treatment, surgical implants, medical orthopaedic materials, and orthopaedic tools for surgery.
Performance
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Overview
Manufactures and sells pre-filled syringes and flushing syringes.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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