TacticScaleWhat Shenzhen Mindray Bio-Medical Electronics (迈瑞医疗) Does & How It Makes Money (300760.SZ)
Updated October 2026 · reflects Shenzhen Mindray Bio-Medical Electronics's latest reported financials
Chinese maker of hospital medical devices and diagnostic equipment. Mindray earns money by selling medical equipment, diagnostic analyzers and related accessories to hospitals and labs in China and abroad.
How Shenzhen Mindray Bio-Medical Electronics makes money
Mindray earns money by selling medical equipment, diagnostic analyzers and related accessories to hospitals and labs in China and abroad. It also sells integrated department solutions such as M-connect and provides OEM products.
What Shenzhen Mindray Bio-Medical Electronics does
Shenzhen Mindray Bio-Medical Electronics, founded in 1991 and based in Shenzhen, is a broad-line medical device maker serving China and international markets. Its range covers three main areas: life support and patient monitoring (monitors, defibrillators, AEDs, ventilators, anesthesia, infusion), in vitro diagnostics (CLIA, chemistry, hematology), and medical imaging (ultrasound, radiology). It also makes surgical products such as endoscope camera systems, operating tables and surgical lights, plus orthopedics, cardiovascular intervention, animal medical and OEM products. Beyond individual devices, Mindray sells integrated department solutions, including M-connect for IT, ER, ICU, OR and CCU settings, along with critical care ultrasound, minimally invasive surgery, laboratory diagnostics and cybersecurity offerings. This lets it supply whole hospital departments rather than single machines.
Products & services
- Patient monitoring systems
- Ultrasound imaging systems
- CLIA, chemistry and hematology analyzers
- Defibrillators and AEDs
- Anesthesia machines and ventilators
- M-connect IT solutions
迈瑞医疗是做什么的？
迈瑞医疗成立于1991年，总部位于深圳，是一家产品线很广的医疗器械公司，业务覆盖中国和海外市场。产品主要分三大块：生命信息与支持（监护仪、除颤器、AED、呼吸机、麻醉机、输注系统）、体外诊断（化学发光、生化、血液分析）和医学影像（超声、放射）。公司还提供内窥镜摄像系统、手术床、手术灯等外科产品，以及骨科、心血管介入、动物医疗和OEM产品。 除了单台设备，迈瑞还提供M-connect等科室整体解决方案，覆盖信息化、急诊、ICU、手术室和CCU等场景，并提供重症超声、微创外科、实验室诊断和网络安全等方案，可以为医院整个科室配齐设备。
What is Shenzhen Mindray Bio-Medical Electronics worth?
On an owner-earnings DCF, Shenzhen Mindray Bio-Medical Electronics's most-likely value is about ¥182 versus a recent price near ¥166 (9% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥66) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Beijing Wandong Medical Technology (600055.SS) · iRay (688301.SS) · Shanghai United Imaging Healthcare (688271.SS) · Shanghai MicroPort EP MedTech (688351.SS) · Shenzhen New Industries Biomedical Engineering (300832.SZ)