Net profit exceeds 600 million, Kangtai Medical's sales on Amazon are huge

As a leader in cross-border medical care, Kangtai Medical delivered a perfect answer in 2020. During the reporting period, Kangtai Medical's operating income reached 1.4 billion yuan, a year-on-year increase of 261.84%. Among them, the net profit attributable to shareholders of listed companies reached 610 million yuan, a year-on-year increase of 731.37%. In 2021, Kangtai Medical's export module is still strong, with a profit of billions in the first quarter.

Kangtai Medical's market value reached 31.9 billion, with a full-year net profit of 600 million

As a benchmark seller of medical device products, Kangtai Medical's main business is the research and development, production and sales of medical equipment. Its main product categories include blood oxygen, electrocardiogram, ultrasound, monitoring, blood pressure and analytical testing, etc., which are used in hospitals and other fields.

Overseas, Kangtai Medical mainly relies on distribution, and also sells through platforms such as Amazon, eBay, Wish, and AliExpress. Data shows that from 2017 to 2019 , Kangtai Medical's overseas sales were 265 million yuan, 277 million yuan , and 279 million yuan, respectively, which is relatively stable .

Looking at the market segment, North America, as Kangtai Medical's largest sales market , had the fastest year-on-year revenue growth of 338.56% ; followed by Asia, with a year-on-year revenue growth of 268% ; Europe's revenue grew by 245.33% ; and Africa and the Middle East's revenue grew by 186.07% year-on-year .

Looking at specific products , Kangtai Medical's products with the highest revenue share are blood oxygen products ( 63%), analytical testing (17%), monitoring (7.12%), electrocardiogram (4.88%), ultrasound (3.18%), etc. Among them, the fastest growing categories in 2020 were analytical testing (increase of 2715%) and blood oxygen products (708%).

In fact, it is not only Kangtai Medical that is worth looking at. There is also Intech Medical, which focuses on exporting protective gloves (net profit increased by more than 20 times), and Huashengchang, a major brand of Amazon temperature guns (net profit increased by nearly 3 times). It has to be said that the profits of these sellers are enviable.

Amazon's healthcare sales exceed $10 billion

In fact, due to the epidemic, the online development of the healthcare industry has been very rapid, and it has now become one of Amazon's four key vertical industries. Data also shows that in 2018 alone, Amazon's online healthcare market grew by nearly 20% annually , which is enough to show its development potential.

Purchasing medical and health products on Amazon seems to have become a trend. Data shows that the customer growth rate on Amazon has reached 188%, and most of these customers are top 100 hospitals in Europe and the United States. They mainly purchase OTC products (over-the-counter products) and health and personal care products.

The main reasons for Kangtai Medical's performance growth are as follows ↓

The 2020 epidemic has led to a continued increase in demand for medical-related products in foreign markets. Kangtai Medical has continuously increased the research and development, innovation and process improvement of its own intellectual property technology and products to enrich its product range.

The company has a complete industrial chain, which not only saves transaction costs with upstream and downstream, but also enhances the company's ability to resist market risks and stabilizes the company's profit level.

The company has established a global marketing network, which has been continuously expanded on the basis of strengthening its brand and marketing channels, and has gained the support of a number of high-quality customers. In addition, the continuous introduction of favorable medical policies in China has further strengthened the development of Kangtai Medical.

With the rapid development of the global economy, the elderly population is increasing day by day, and the market demand for medical devices is also increasing. This sunrise industry has also attracted much attention. However, sellers should also pay attention to the fact that when selling such products, they must strictly abide by China's export supervision policies, overseas market compliance certification standards, and Amazon's sales policies.

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