goldenlabubuwatch(@pandawatch88):Mindray non-China revenue accounts now for 50%, I had no idea (I guess partly helped by the rough year they are having in China with volumes down 20%). It seems fairly diversified too. Similar to other high quality a-shares growthy names, the stock has gone nowhere in 5 years (like Inovance, Proya etc). They quickly got to 80-100x PE in 1 year, and spent the next 4 years slowly derating to 25-30x while net income doubled/tripled. The market was right.

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goldenlabubuwatch@pandawatch88

2025.09.14 04:29

Mindray non-China revenue accounts now for 50%, I had no idea (I guess partly helped by the rough year they are having in China with volumes down 20%). It seems fairly diversified too. Similar to other high quality a-shares growthy names, the stock has gone nowhere in 5 years (like Inovance, Proya etc). They quickly got to 80-100x PE in 1 year, and spent the next 4 years slowly derating to 25-30x while net income doubled/tripled. The market was right.