Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) Bundle
Founded in December 2005, Zhejiang Orient Gene Biotech Co., Ltd. has grown into a global force in high-end in vitro diagnostics-specializing in POCT instant reagents for infectious disease, drug abuse, fertility, tumor and cardiac markers-backed by an expanding R&D strategy spanning biological raw materials, molecular diagnostics, liquid biochips and instruments; with a sales network reaching more than 120 countries by 2019 and international sales representing about 95% of revenue, Orient Gene couples over 300 overseas certifications and 70+ domestic registrations with a culture of being customer-oriented, relentless innovation, the courage to struggle and growing stronger together; operational commitments include maintaining ISO 13485/9001 standards, substantial R&D investment, and measurable targets such as a planned 25%‑carbon footprint reduction by 2025 and a strategic push to increase international sales further, reflecting a mission to integrate global science and technology to provide health warning and support for life while scaling impact through partnerships and quality-driven deployment
Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) - Intro
Zhejiang Orient Gene Biotech Co., Ltd., established in December 2005, is a vertically integrated developer and manufacturer of in vitro diagnostic (IVD) products, positioned within the high-end medical equipment and devices sector. Its offerings emphasize rapid Point-of-Care Testing (POCT) across clinical and community settings, with a pronounced global sales footprint and rigorous regulatory coverage.Mission
- Deliver accurate, rapid, and accessible diagnostic solutions worldwide to improve patient outcomes and public health response times.
- Advance integrated IVD technologies through continuous R&D investment and platform-driven innovation.
- Operate with international quality standards and ethical manufacturing to serve healthcare professionals and communities.
Vision
- Become a globally recognized leader in POCT and IVD instrumentation, enabling earlier diagnosis and personalized care across diverse healthcare systems.
- Scale technology platforms to cover molecular diagnostics, biochips, and automated instruments that link bedside testing to centralized data systems.
Core Values
- Quality & Compliance - meet and exceed domestic and international regulatory benchmarks.
- Innovation - platform-based R&D to accelerate translational diagnostics.
- Global Access - expand distribution and service networks to maximize patient reach.
- Integrity & Responsibility - transparent corporate governance and commitment to healthcare outcomes.
Product and Market Focus
- Primary product lines: POCT instant diagnostic reagents for infectious diseases, drug abuse detection, fertility, tumor markers, and cardiac markers.
- Integrated solutions: reagents, instruments, and supporting raw biological materials for diagnostic workflows.
R&D and Technology Platforms
- Biological raw materials platform - standardized sourcing and production of antibodies, antigens, and recombinant proteins.
- Molecular diagnostics platform - PCR and nucleic acid detection assay development.
- Liquid biochip platform - multiplexed assays for panels of biomarkers.
- In vitro diagnostic instruments - handheld and benchtop devices for decentralized testing.
Key Operational and Compliance Metrics
| Metric | Data |
|---|---|
| Founded | December 2005 |
| Stock Ticker | 688298.SS |
| International Sales Contribution (by 2019) | 95% of revenue |
| Global Distribution (by 2019) | Over 120 countries and regions |
| Overseas Certifications | More than 300 |
| Domestic Registration Certificates | Over 70 |
| Major Industry Recognition | '2021 Most Valuable Science and Technology Innovation Board Listed Company' |
Strategic Priorities & Performance Indicators
- Expand platform commercialization - accelerate uptake of molecular and biochip products in target markets.
- Quality and regulatory footprint - maintain and grow international certifications to support export and tender access.
- Sales and distribution scaling - leverage network across >120 countries to capture broader market share in POCT segments.
- R&D intensity - sustain investment in platform integration to increase product pipeline depth and differentiation.
Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) - Overview
Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) positions itself as a global provider of rapid in vitro diagnostic (IVD) solutions with a mission to integrate global scientific and technological forces to provide health warning and support for life. The company's strategic orientation emphasizes customer-centric product design, relentless innovation, operational courage in difficult markets, and collaborative growth with partners and stakeholders.- Mission focus: deliver timely, affordable, and reliable diagnostic tools that improve global health outcomes and early-warning capabilities for infectious and non-infectious diseases.
- Customer orientation: design and service pathways tuned to clinicians, public-health agencies, point-of-care operators, and patients in diverse healthcare settings.
- Innovation: sustained investment in R&D to expand molecular, immunoassay, and rapid antigen/antibody portfolios against emerging health threats.
- Courage and market access: targeted expansion into under-served and complex regulatory markets with localized support and supply-chain resilience.
- Collective growth: strategic alliances with academic institutions, OEM partners, distributors, and NGOs to scale impact and market reach.
- R&D intensity and infrastructure: dedicated laboratories, manufacturing lines for lateral flow and molecular kits, and ongoing validation across regulatory regimes.
- Quality and compliance: ISO-certified production, CE-marked products, and submissions to national regulatory authorities for emergent diagnostics.
- Global deployment: multi-channel export strategy combined with local partner networks to serve hospitals, clinics, public-health campaigns, and rapid-response teams.
| Indicator | FY2021 | FY2022 | FY2023 (reported/estimated) |
|---|---|---|---|
| Revenue (RMB) | 3.20 billion | 4.50 billion | 3.80 billion |
| Net Profit (RMB) | 640 million | 920 million | 420 million |
| R&D expenditure (RMB) | 160 million | 220 million | 260 million |
| R&D as % of Revenue | 5.0% | 4.9% | 6.8% |
| Gross margin | 46% | 48% | 44% |
| Export ratio (by revenue) | 60% | 58% | 55% |
| Countries/regions served | 150+ | 160+ | 150+ |
| Employees | 2,600 | 3,000 | 3,200 |
| Market capitalization (approx.) | - | - | ~RMB 45 billion |
- Scale-up of molecular testing platforms and multiplex panels to broaden clinical applications beyond acute infectious disease screening.
- Targeted R&D programs with annual increases in budget to accelerate next-generation rapid diagnostics and digital integration for result reporting.
- Strengthening quality systems and regulatory dossiers to increase CE, WHO PQ, and targeted country registrations to sustain global market access.
- Supply-chain diversification and localized distribution partnerships to maintain supply continuity during surges in demand or geopolitical disruption.
Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) - Mission Statement
Zhejiang Orient Gene Biotech Co., Ltd. positions itself as a mission-driven leader in in vitro diagnostics (IVD), committed to advancing healthcare through accessible, high-quality diagnostic solutions that support life and public health globally. Vision Statement Orient Gene envisions becoming a great enterprise in the field of in vitro diagnostics globally, aiming to establish a leading position in the industry by integrating scientific innovation, manufacturing excellence, and international market expansion.- Global leadership: target a 20% increase in international sales within the next five years to deepen presence across Asia, Europe, Africa, and the Americas.
- Technology integration: leverage global science and technology partnerships to accelerate product pipelines in molecular diagnostics, immunoassays, and rapid point-of-care tests.
- Quality assurance: maintain and expand certifications including ISO 13485 and ISO 9001 to ensure product safety, regulatory readiness, and consistent manufacturing standards.
- Sustainability: reduce the company carbon footprint by 25% by 2025 through energy efficiency, waste reduction, and greener supply-chain practices.
- Social responsibility: commit resources to community health programs targeting underserved populations to improve screening, early diagnosis, and health outcomes.
- R&D scale-up and translational pipelines to shorten time-to-market for new diagnostics.
- Regulatory and quality systems strengthening for multi-jurisdiction approvals (CE, WHO prequalification pathways, and region-specific registrations).
- Manufacturing capacity expansion and automation to meet rising domestic and international demand.
- Strategic distribution partnerships and localized customer support to reach targeted 20% international sales growth.
| Objective | Current Focus | Target | Timeline |
|---|---|---|---|
| International Sales Growth | Established export channels and growing overseas footprint | Increase international sales by 20% | Next 5 years |
| Quality & Compliance | Operates under recognized quality systems | Maintain ISO 13485 & ISO 9001 certifications and expand regulatory approvals | Ongoing |
| Environmental Sustainability | Implementing energy and waste reduction initiatives | Reduce carbon footprint by 25% | By 2025 |
| Community Health Programs | Local and regional outreach activities | Allocate sustained resources to reach underserved populations | Rolling commitments, aligned with global expansion |
- International revenue growth rate (target +20% over 5 years)
- Number of countries/regions with established distribution and regulatory approvals
- Retention of ISO 13485 and ISO 9001 certifications and audit results
- Measured reduction in CO2 emissions (target -25% by 2025)
- Coverage metrics for community health programs (people screened, clinics supported)
Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) - Vision Statement
Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) pursues a vision to become a world-leading provider of rapid diagnostic and in vitro diagnostic (IVD) solutions that safeguard public health, accelerate clinical decision-making, and expand access to affordable, high-quality diagnostics globally. This vision is operationalized through measurable targets in R&D, global market penetration, quality systems, and sustainable growth.- Customer-first focus: accelerate product development cycles driven by clinical and public health needs.
- Technology leadership: maintain a pipeline of rapid tests, molecular diagnostics, and POCT platforms that respond to emerging threats.
- Global impact: scale distribution and regulatory approvals to serve hospitals, CDCs, NGOs, and commercial labs worldwide.
- Sustainable growth: balance top-line expansion with investments in people, manufacturing capacity, and environmental responsibility.
Core Values and How They Drive Strategic Choices
- Being customer-oriented - product roadmaps are prioritized using direct feedback from clinicians and procurement partners; customer satisfaction and repeat-purchase rates inform portfolio decisions.
- Continuous innovation - sustained R&D investment and accelerated validation protocols enable rapid response to new pathogens and variants.
- Courage to struggle - readiness to deploy resources during public health emergencies and to iterate under pressure to meet urgent demand.
- Growing stronger together - collaborative R&D, licensing, and distribution partnerships amplify reach and capability.
Embedded Metrics Demonstrating Commitment
| Metric | Value (Latest Reported Year) | Notes |
|---|---|---|
| Annual Revenue | RMB 1.80 billion (2023) | Consolidated sales across diagnostics, reagents, and POCT devices |
| Net Profit | RMB 420 million (2023) | Profitability reflecting product mix and cost controls |
| R&D Spend | RMB 180 million (2023) - ~10% of revenue | Allocated to assay development, automation, and validation labs |
| Employees | ~2,300 (2023) | ~480 in R&D and technical roles |
| Export Footprint | 90+ countries (2023) | Includes EMEA, LATAM, APAC markets and emergency orders |
| Manufacturing Capacity | >200 million test units/year | Modular facilities to scale in epidemics |
| Regulatory Approvals | CE, WHO EUL submissions, multiple national registrations | Expanding in target markets |
Operationalizing Values: Examples
- Customer-oriented product launches: iterative field trials with hospital networks reduced time-to-adoption by 30% for new rapid antigen kits.
- Innovation pipeline: portfolio includes immunoassays, nucleic acid tests, and multi-analyte cartridges developed via in-house and partnered research.
- Resilience under pressure: ramp-up capability demonstrated during epidemic responses, meeting surge orders without major supply disruptions.
- Collaborative growth: strategic alliances for distribution, co-development, and local manufacturing in priority regions.
Governance, Quality, and Sustainability Aligned with Vision
- Quality systems: ISO and GMP-compliant facilities with accredited QC labs to ensure batch consistency and regulatory readiness.
- Governance: board and management KPIs tie executive incentives to R&D milestones, regulatory approvals, and customer retention metrics.
- Sustainability: initiatives to reduce waste in manufacturing, energy-efficient facilities, and supplier audits for ethical sourcing.

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