Breaking Down Zhejiang Orient Gene Biotech Co., Ltd. Financial Health: Key Insights for Investors

Breaking Down Zhejiang Orient Gene Biotech Co., Ltd. Financial Health: Key Insights for Investors

CN | Healthcare | Medical - Devices | SHH

Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) Bundle

Get Full Bundle:
$24.99 $14.99
$14.99 $9.99
$14.99 $9.99
$14.99 $9.99
$14.99 $9.99
$14.99 $9.99
$14.99 $9.99
$14.99 $9.99
$14.99 $9.99

TOTAL:

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.
Breaking Down Zhejiang Orient Gene Biotech Co., Ltd. Financial Health: Key Insights for Investors

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.
Operationalization of the mission is reflected in measurable investments, geographic reach, and product-performance commitments:
  • 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
Key strategic initiatives that translate mission into measurable action:
  • 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.
For investors and stakeholders interested in ownership, trading dynamics, and investor composition, see: Exploring Zhejiang Orient Gene Biotech Co., Ltd. Investor Profile: Who's Buying and Why?

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.
Operational priorities supporting the vision:
  • 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
Strategic metrics and KPIs to track progress:
  • 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)
For context on corporate history, ownership and operational model see: Zhejiang Orient Gene Biotech Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

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.
Zhejiang Orient Gene Biotech Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money 0 0 0

DCF model

Zhejiang Orient Gene Biotech Co., Ltd. (688298.SS) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.