LifeTech Scientific Corporation Announces 2026 Interim Results
LifeTech Scientific Corporation Announces 2026 Interim Results |
| [28-August-2026] |
HONG KONG, Aug. 28, 2026 /PRNewswire/ -- LifeTech Scientific Corporation ("LifeTech" or the "Company", together with its subsidiaries, the "Group", stock code: 1302.HK), a medical device company specializing in minimally invasive interventional solutions for cardio-cerebrovascular and peripheral vascular diseases, today announced its unaudited consolidated results for the six months ended 30 June 2026 (the "Reporting Period").
Tackling Domestic-market Challenges, Fueling Overseas Revenue Growth In the first half of 2026, the Group maintained a sharp focus on addressing unmet clinical needs worldwide, leveraging its synergies in branding, intellectual property, distribution networks, clinical registration, and global operations. With an increasingly diversified and refined innovative product portfolio, complemented by professional academic services, the Group steadily consolidated its foundation for long-term growth. China's mainland remained the largest market of the Group, where the revenue generated accounted for approximately 69.6% of the total revenue during the Reporting Period. Meanwhile, our overseas business maintained its upward momentum. The overseas sales of the Group grew by approximately 4.1% (approximately 8.2% in USD) year-on-year. Asia (excluding China's mainland) and Europe were the two largest overseas markets of the Group, which accounted for approximately 10.3% and 12.6%, respectively, of the total revenue of the Group for the six months ended 30 June 2026. Long-term Focus, Deep Roots in Core Markets Structural Heart Diseases Business During the Reporting Period, the sales contributed by the SHD business were approximately RMB200.1 million. Continuous technological innovation and product upgrades will further enrich the SHD product portfolio of the Group and enhance its global sales layout. Peripheral Vascular Diseases Business The products offered by the Group in the PVD business mainly include vena cava filters, thoracic aortic aneurysm stent grafts, abdominal aortic aneurysm stent grafts, iliac artery bifurcation stent grafts, aortic stent graft systems, aortic arch stent graft systems and thoracoabdominal aortic stent graft systems. During the Reporting Period, the sales contributed by the PVD business were approximately RMB400.7 million, representing a year-on-year growth of approximately 2.3%, of which the revenue generated from the sales of stent grafts and vena cava filters increased by approximately 2.9% and 2.6% year-on-year, respectively. Cardiac Pacing and Electrophysiology Business R&D and Commercialization Progress The Group adheres to independent innovation, aiming to provide medical devices that deliver outstanding clinical value for physicians and patients worldwide, while continuously enhancing its long-term competitiveness. During the Reporting Period, the Group invested approximately RMB167.1 million in research and development (including capitalized expenditure). This investment will further enhance our innovation capabilities, accelerate the development and commercialization of our products, as well as to sustain our industry‑leading position. During the six months ended 30 June 2026, we have achieved the following milestones in the R&D field:
Intellectual Property Rights Intellectual property is an important intangible asset of the Group and also an internal driving force to improve our core competitiveness in the medical device market. As at 30 June 2026, the Group has filed a total of 2,608 valid patent applications, of which 1,370 patents were registered and valid. The Chairman and CEO of LifeTech, Mr. XIE Yuehui Said: Guided by our two core development strategies of "innovation" and "internationalization", we will accelerate breakthroughs in key technologies through forward-looking initiatives, further refine our systematic disease solutions, and leverage a more complete, diverse, and efficient portfolio of innovative products to steadily expand our global footprint and consolidate our industry‑leading position, thereby maintaining robust resilience amid the ongoing transformation and evolution of the global medical device sector. The global healthcare industry holds vast prospects. Looking ahead, we will continue to focus on technological advancement and operational efficiency optimization. Leveraging our strong R&D capabilities, robust industrialization capacity, and outstanding global operation and management expertise, we aim to seize opportunities and address challenges to pursue sustainable and high‑quality growth, creating long‑term value for patients, healthcare institutions, shareholders, and all other stakeholders with unwavering dedication. About LifeTech Scientific Corporation Established in 1999 in Shenzhen, China, LifeTech Scientific Corporation (Stock Code: 1302.HK) specializes in the R&D, manufacturing, and sales of minimally invasive interventional medical devices for the treatment of cardio-cerebrovascular and peripheral vascular diseases. The Company offers innovative solutions for structural heart diseases, peripheral vascular diseases, bradycardia, and neurovascular conditions. It also possesses the world's first innovative iron-based bioabsorbable material technology platform. Guided by the core strategy of "innovation" and "internationalization", LifeTech maintains a leading market position for its key products in the home country and has established 7 subsidiaries overseas, extending its sales network to nearly 120 countries and regions worldwide.
SOURCE LifeTech Scientific Corporation | |||
Company Codes: HK:1302 |
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