XXXXFRONT (xxxxxx) MEDICAL DEVICES CO., LTD.

（Business Credit Report）
SkyCode:SKY06530002599xxx
User reference: sample report

Business Credit Report
XXXXFRONT (XXXXX) MEDICAL DEVICES CO., LTD.

Date of Completion：20xx-09-21
Date of Order：20xx-09-14
Speed：Normal
SkyCode:SKY06530002599xxx

Disclaimer
This report shall not be provided to the third party in any form or part without the writtenconsent of SkyMinder.
This report is forwarded to the subscriber in strict confidentiality for use by the subscriber as one
factor in connection with credit, insurance, marketing and other business decisions. Providing of thisreport doesn't indicate that SkyMinder provides security for the client's commercial risks. SkyMinder
disclaims all liability for any loss or damage arising out of or in any way related to the contents of thisreport.

Note"-"in this report indicates "unavailable" due to insufficient information or "no comments"
The currency in this report is in CNY unless otherwise stated.

1/28

Table of Contents
INVESTIGATION RECORD .................................................................................................. 4
ORDER DETAILS & INVESTIGATION RESULTS................................................................ 4
ABSTRACT .......................................................................................................................... 4
BASIC INFORMATION ...................................................................................................... 4
CONTACTS ....................................................................................................................... 5
SKYMINDER RATING ....................................................................................................... 5
CREDIT LIMIT ................................................................................................................... 6
RISK OVERVIEW .............................................................................................................. 6
GENERAL COMMENTS .................................................................................................... 7
FINANCIAL ABSTRACT(UNIT: CNY 1,000) ........................................................................ 7
RELATED PARTIES........................................................................................................... 8
1. REGISTRATION INFORMATION ...................................................................................... 8
1.1. REGISTRATION INFORMATION ................................................................................ 8
1.2. REGISTRATION CHANGES ....................................................................................... 9
1.3. HISTORY .................................................................................................................... 9
1.4. SHAREHOLDER INFORMATION............................................................................... 10
1.5. ENTITY SHAREHOLDER ........................................................................................... 10
1.6. POSSIBLE CONTROLLER ........................................................................................ 10
1.7. ULTIMATE HOLDING ................................................................................................. 10
1.8. ULTIMATE BENEFICIARY .......................................................................................... 11
2. MANAGEMENT .............................................................................................................. 11
2.1. LEGAL REPRESENTATIVE ....................................................................................... 112.2. INVOLVEMENT IN OTHER COMPANIES(1) .............................................................. 11
2.3. MANAGEMENT ......................................................................................................... 122.4. DIRECTORS AND SUPERVISORS ............................................................................ 12
3. JUDICIAL INFORMATION .............................................................................................. 123.1. DEFAULT EXECUTED PARTY ................................................................................... 123.2. SUBJECT AS EXECUTED PARTY ............................................................................. 123.3. FINAL CASE .............................................................................................................. 123.4. CIVIL & COMMERCIAL TRIAL PROCESS .................................................................. 123.5. CIVIL & COMMERCIAL JUDGMENT DOCUMENT ..................................................... 13
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3.6. COURT ANNOUNCEMENT ........................................................................................ 13
3.7. CASE FILING INFORMATION.................................................................................... 13
3.8. CONSUMPTION RESTRICTION ................................................................................ 13
3.9. ADMINISTRATIVE ILLEGAL RECORDS .................................................................... 13
4. OPERATION INFORMATION ......................................................................................... 13
4.1. MAIN BUSINESS ....................................................................................................... 13
4.2. OPERATION FACILITIES ........................................................................................... 14
4.3. SALES INFORMATION .............................................................................................. 14
4.4. PURCHASE INFORMATION ...................................................................................... 15
4.5. NOTE TO CREDIT RECORD ..................................................................................... 15
4.6. BANK INFORMATION ................................................................................................ 15
4.7. ELECTRICITY CONSUMPTION RECORD ................................................................. 16
5. QUALIFICATIONS & TRENDS ....................................................................................... 16
5.1. AUTHENTICATION INFORMATION(1) ....................................................................... 16
5.2. EXPORT/IMPORT PERMIT........................................................................................ 16
5.3. RATING BY THE CUSTOMS ...................................................................................... 16
5.4. IMPORT / EXPORT DETAILS ..................................................................................... 16
5.5. EMPLOYEE ............................................................................................................... 19
5.6. RECRUITMENT(8) ..................................................................................................... 20
5.7. NEWS(3) .................................................................................................................... 20
5.8. ADMINISTRATIVE INFORMATION ............................................................................ 20
5.9. DEBT COLLECTION RECORD .................................................................................. 22
6. FINANCIAL INFORMATION ........................................................................................... 226.1. DETAILED FINANCIAL INFORMATION ..................................................................... 226.2. GROWTH RATE OF MAJOR FINANCIAL ................................................................... 23
6.3. IMPORTANT RATIO ................................................................................................... 23
6.4. FINANCIALS & ANALYSIS ......................................................................................... 24
7. INDUSTRY INFORMATION ............................................................................................ 24
7.1. INDUSTRY CODE ...................................................................................................... 24
7.2. INDUSTRY BACKGROUND ....................................................................................... 24
7.3. NATIONAL DISTRIBUTION ........................................................................................ 25
7.4. INDUSTRY FINANCIAL AVERAGE ............................................................................ 25
7.5. INDUSTRY CORE INDEX CHART.............................................................................. 26
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INVESTIGATION RECORD
Start Date

2023-09-19

End Date

2023-09-19

Name ofInterviewee

Staff (female)Tel

86-592-3675xxx

Investigation Way

Telephone Interview

Note

Subject was contacted via above telephone number. Partial information of this report isobtained from the staff.

ORDER DETAILS & INVESTIGATION RESULTS-

Order Information

Verification

XXXXFRONT (XXXXX) MEDICAL

Name(English)

DEVICES CO., LTD

Correct

XXXXX EXPORT PROCESSING
Address (English)

ZONE, HAI CANG HAI JING DONG

Correct

ROAD NO. 28,XXXXX
Tel

86-592 3675 xxx

Correct

ABSTRACTBASIC INFORMATIONName (Chinese)x福来（xx）医疗器具有限公司

Name (English)

XXXXFRONT (XXXXX) MEDICAL DEVICES CO., LTD.(Given by Official Sources)

Company Label【Import/Export Permit】

Unified Social
Credit Code
AIC registration
No.

913502007980879xxx

350200490000xxx

Company Status

Operational

Executive

XXXXX WALTER

Registered Capital

SGD 3,900,000.00

Date of2007-07-03
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Establishment
Employee76

SIC (China)

3580,PRODUCTION OF MEDICAL INSTRUMENT & APPLIANCE

Import/Export

YES

Permit

CNY 1 = USD 0.14
USD 1 = CNY 7.29

Exchange Rate

CNY 1 = EUR 0.13
EUR 1 = CNY 7.75

CONTACTS
Tel(86 592)3675xxx

Business Address

No.28, Haijing East Road, Export Processing Zone, Haicang Dist, Xxxxx City, Xxxx

（English）

Province (Production, office) (361026)

Business Address（Chinese）

xx省xx市海沧区出口加工区海景东路 28 号 （办公、生产） （361026）

Ownership

Unknown

Registered Addre

No.28, Haijing East Road, (Bonded Port Area) Xxxxx City, China (Xxxx) Pilot Free Tradess（English）

Zone(361026)

Registered Address（Chinese）

中国（xx）自由贸易试验区xx片区（保税港区）海景东路 28 号（361026）

SKYMINDER RATINGSR6
RATING EXPLANATION/SCORESHEETSR Credit Rating

Default Frequency

Explanation

StatusSR1<=0.1%

Extremely strong financial fundamentals with a highPremium

incentive and capability to repay obligations.
SR2>0.1%-0.2%

Strong financial health with above average capability toPremium

meet payments.
SR3>0.2%-0.4%

Stable financial health with above normal operational

Strongenvironment.General unfavorable factors are not likely tocause distress.
SR4>0.4%-1.0%

Normal overall financial health and operations.Capable ofStrongmeeting its commitments.May be susceptible todifficulties in the event of drastic changes in economic
conditions.
SR5>1.0%-3.0%

Adequate financial capabilities to meet normal

Moderate

commitments.However,adverse changes in economic
conditions could lead to doubtfulness in its ability to pay.
SR6

>3.0%-8.0%

Sufficiently sound financial ability to meet normal
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Moderateobligations.Capabilities in reacting to adverse operating
conditions are limited or considered doubtful.
SR7>8.0%-14.0%

Weakness in financial ability is apparent.Vulnerable to

Monitorunfavorable changes in the economic and operating
environments,and is likely to fall into a weakened financial
condition.
SR8>14.0%

Apparent weakness in financial health with limited

Monitorcapability to meet its obligations,especially in the event of
any adverse changes in operating environments.
*SR1 to SR4 is comparable to “Investment Grade” rated securities, SR5 to SR6 is comparable to “High Yield” rated
securities, and SR7 to SR8 is comparable to “High Rise” rated securities.

Comments
1.The rating is an opinion of the company’s capability and ability based on prevailing conditions and information
made available to CRIF at the time of rating, and are subject to change due to any unforeseen and/or foreseen
circumstances.
2.The rating is not a recommendation to buy or sell any securities or adopt any investment strategies.
3.CRIF does not assume any part of the user’s risk in the use or non-use of this rating.

CREDIT LIMIT
USD 94,000
When calculating base credit limit, SkyMinder presupposes that Subject purchases main commodities/services
equally from many suppliers. Main factors considered include Net Assets, Total Assets, Revenue, Profit, Credit
Rating etc. No consideration is given to the specific situation of your transaction with Subject.You may refer to thefollowing suggestions when making credit decisions, but it is advisable that proper adjustments should be made inaccordance with your marketing strategies and credit policies.
Annual Supply / Subject's Turnover

Suggested Credit Limit

Above40%

Above 4 times of base credit limit

30%～40%3 to 4 times of base credit limit

20%～30%2 to 3 times of base credit limit

10%～20%

1 to 2 times of base credit limit

Below10%within base credit limit

RISK OVERVIEW
Subject was certified as Level A tax payer in 2022.
No administrative penalty information about subject is found.
Positive
Subject's shareholder structure is stable.
Subject has been in operation for 16 years.
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Concern

Subject's legal representative doesn't directly hold equity of the company.

GENERAL COMMENTSRISK ANALYSIS
Established in July 2007, subject is a Limited Liabilities Company (Foreign Invested) and is mainly engaged in
production and sales of medical consumables, etc. Subject has been established for a relatively long time and has
accumulated relatively rich experience in the industry. A relatively stable supply and marketing channel has been
formed. Subject's shareholder is strong and can provide subject with certain technical and capital support.

Current income statement of subject shows that subject's operating income of 2022 slightly decreased by 3.88%
compared with that of 2021, indicating its business expansion was slightly poor. Subject's return on net assets andreturn on total assets were relatively high in 2022, indicating its profit status was relatively good and its profitability
was relatively strong.

Current balance sheet of subject shows that subject's turnover of total assets was relatively high in 2022,
indicating that its operating capacity of total assets was relatively strong. Subject's liabilities to assets ratio was
28.00% in 2022, indicating that its long-term solvency was relatively strong and long-term debt paying pressure
was relatively low.

The credit rating and credit limit are provided based on analysis of subject's size and background etc.

FINANCIAL ABSTRACT(UNIT: CNY 1,000)
FINANCIAL ABSTRACT

2021-12-31

2022-12-31

Operating Income

69,76367,057

Total Profit

7,125

8,596

Net Profit

7,125

7,321

Total Assets

58,77964,265

Total Liabilities

19,831

17,997

Total Owner’s Equity

38,94846,268

10.21

10.92

1.19

1.04

33.74

28.00

-

-3.88

Profitability
Net Profit Margin (%)
Operation capacity
Turnover of Total asset
Solvency
Liabilities to Assets Ratio (%)
Development capacity
Yearly Growth of Operating
Income (%)

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RELATED PARTIES➢

Background-

Engagement

XXXXFRONT INVESTMENT

1➢

Type of

Name

PTE .LTD.

Shareholder

Fast RatingReg. Date--

Fast RatingReg. Date

SR8

2012-03-27

Operating Income(CNY)-

Branch & Affiliation-

Type of

Name

Engagement

XXXXFRONT MEDICAL1TECHNOLOGY (JIANGSU) CO.,LTD.

Relatedcompany

Operating Income(CNY)

300-400M

Above is the Report Abstract. Below is Report Content.

REGISTRATION INFORMATION
1.1. REGISTRATION INFORMATION
Unified Social
Credit Code
AIC registration
No.
Date of
Establishment

91350200798087xxxx

350200490000xxx

2007-07-03

Registered

No.28, Haijing East Road, (Bonded Port Area) Xxxxx City, China (Xxxx) Pilot Free Trade

Address

Zone

Post code

3610xxRegistry

Market Supervision Administration - Xxxxx City

Legal
Representative

XXXXX WALTER

Legal Form

Limited Liabilities Company (Foreign Invested)

Registered Capital

SGD 3,900,000.00

Paid-in Capital

SGD 3,900,000.00

Operation duration

2007-07-03 to 2037-07-02

Business Scope

Engaged in the production of Class I medical appliances and Class II 6866 medical
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polymer materials and products, and providing related after-sales services; Production ofcomputer and related equipment, communication equipment, electronic equipment parts,
injection parts and molds, electronic and motor products and parts, packaging materials;
Research and development, processing, production, maintenance and service of molds,
jigs and fixtures; Warehousing logistics, distribution and logistics distribution services forthe above products.
It is learned from subject's annual report of 2022 that its paid in capital is SGD

Note

3,900,000.00.

1.2. REGISTRATION CHANGES
-

1

2

3

Date

2022-04-29

Item
ChangedFrom

To

xxxG LIANGXXXXX WALTER

No.26 and No.28, Haijing East Road,

No.28, Haijing East Road, (Bonded

Export Processing Zone, Haicang

Port Area) Xxxxx City, China

District, Xxxxx City, Xxxx Province(Xxxx) Pilot Free Trade Zone

No.28, Haijing East Road, Haicang,

No.26 and No.28, Haijing East Road,

Export Processing Zone, Xxxxx

Export Processing Zone, Haicang

City

District, Xxxxx City, Xxxx Province

Legal
Representative

2016-08

Registered-15

Address

2013-06

Registered-09

AddressEngaged in the production of Class I
medical appliances and Class II
6866 medical polymer materials andEngaged4

2011-08-

Business

29

scope

in

the

productionofproducts,

andprovidingrelatedfirst-class medical equipment andafter-sales services; Production of

the sales of self-produced products,

computer and related equipment,

and providing related after-sales

communication

services; production and sales ofelectronic equipment parts, injection

computer and related equipment,

parts and molds, electronic andcommunication

motor products and parts, packaging

equipment,

equipment,

electronic equipment parts, injection

materials;

parts and molds, electronic motor

development,

products

production, maintenance and service

andparts,

materials.

packagingofmolds,

Research

andprocessing,

jigs

and

fixtures;

Warehousing logistics, distribution
and logistics distribution services forthe above products.

1.3. HISTORY
2007-07-03

Subject was established.

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1.4. SHAREHOLDER INFORMATION-

Capital%Name

Ownership

XXXXFRONT1INVESTMENT

100.00Contributed3,900,000.0

100.0

SGD

0

PTE .LTD.
Total

Currency

Investment
Way

CapitalPaid-in %Country

100

Singapore

3,900,000

1.5.ENTITY SHAREHOLDER
Name (Chinese)

XXXXFRONT INVESTMENT PTE .LTD.

Name (English)

XXXXFRONT INVESTMENT PTE .LTD.

Country

Singapore

StatusOperational
Registration number: 20041581xx
Establishment date: December 8, 2004

OTHER
INFORMATION

English name: XXXXFRONT INVESTMENT PTE. LTD.
Legal Form: PRIVATE COMPANY LIMITED BY SHARESEnterprise status: Live Company

1.6.POSSIBLE CONTROLLERName

XXXXFRONT INVESTMENT PTE .LTD.

1.7.ULTIMATE HOLDING-

Ultimate Shareholder

Investment Way

1

XXXXFRONT INVESTMENT PTE .LTD.

CapitalUltimate
Shareholder

XXXXFRONT INVESTMENT PTE .LTD.

English NameXXXXFRONT INVESTMENT PTE .LTD.

Country

SingaporeType

Company Legal Entity

Investment Way

CapitalNote

XXXXFRONT INVESTMENT PTE .LTD.(100%)--XXXXFRONT (XXXXX) MEDICALDEVICES CO., LTD.

10/28

1.8.ULTIMATE BENEFICIARY
Sharehold
-

ing

Name

percentag

Shareholding chaineshareholding chain 1（percentage 100%）

XXXXFRONT1INVESTMENT

100.00

PTE .LTD.

100%> XXXXFRONTXXXXFRONT INVESTMENT PTE .LTD.
(XXXXX) MEDICAL DEVICES CO., LTD.

MANAGEMENT
2.1. LEGAL REPRESENTATIVEName

XXXXX WALTER

PositionManaging Director & General Manager

2.2. INVOLVEMENT IN OTHER COMPANIES(1)Legal representative XXXXX WALTER is filed as management of 1 companies except subject.
1

Name
XXXXFRONT MEDICAL TECHNOLOGY (JIANGSU)

Type of Engagement

Fast Rating

Directorship

SR8CO., LTD.(x福来医疗科技（xx）有限公司)

Name (Chinese)x福来医疗科技（xx）有限公司

Name (English)

XXXXFRONT MEDICAL TECHNOLOGY (JIANGSU) CO., LTD.

Unified Social
Credit Code913204125925235xxx

Legal Form

Limited Liabilities Company (Foreign Invested)

PositionManaging Director

Type ofEngagement

Directorship

License Status

Operational

Reg. Date

2012-03-27

Fast Rating

SR8

Operating Income

300-400M

11/28

2.3. MANAGEMENT
-

Name

1

XXXXX WALTER

Position

Engagement

Managing Director & General
Manager2

2.4. DIRECTORS AND SUPERVISORS
-

Name

1

XXXXX WALTER

2

xxx Lianquan (x联泉)PositionManaging Director & General Manager（执行董事兼总经理）Supervisor（监事）JUDICIAL INFORMATION
3.1. DEFAULT EXECUTED PARTY
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.2. SUBJECT AS EXECUTED PARTY
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.3. FINAL CASE
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.4. CIVIL & COMMERCIAL TRIAL PROCESSAs of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.
12/28

3.5.CIVIL & COMMERCIAL JUDGMENT DOCUMENT
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.6.COURT ANNOUNCEMENT
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.7.CASE FILING INFORMATIONAs of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.8.CONSUMPTION RESTRICTION
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

3.9.ADMINISTRATIVE ILLEGAL RECORDS
As of the reporting date, no related record about subject is found through below sources:
A. Website of China Court Organization;
B. Websites of local courts of subject's location;
C. Websites of major domestic courts;
D. Judicial information of SkyMinder database.

OPERATION INFORMATION
4.1. MAIN BUSINESS
Main Business

Production and sales of medical consumables, etc.

Products &Subject is mainly engaged in the production and sales of medical consumables, etc. The

Serviceproducts operated by subject include respiratory airway equipment, diagnostic equipment,
13/28

intestinal feeding catheter, infusion set, blood transfusion belt, etc., which are mainly usedby medical and health industry. At the same time, subject can provide processing services.

4.2. OPERATION FACILITIESBusiness Address

No.28, Haijing East Road, Export Processing Zone, Haicang Dist, Xxxxx City, Xxxx
Province (Production, office)Tel(86 592)3675xxx

Post code

3610xxEnvironment

Main Industry District

Ownership

Unknown

Traffic Condition

Convenient
The place is close to Xxxxx-Chengdu Expressway, Nanhai Road, Xinggang Road, Haijing

Overall
Description

East Road, etc. The surrounding environment is relatively good and the transportation isconvenient.

4.3. SALES INFORMATION
NumberRegionProducts

Customer Typeof

Payment

Custome

Terms

Sales Areas

Percentage

rspiratory airway
equipment,

Promptdiagnostic
Domes
tic

equipment,

Medical manufacturingintestinal feeding

enterprises, traders,catheter, infusionetc.

payment,Morepayment

than 10as

Nationwide

20%

Southeast Asia, etc.

80%agreed,set, bloodetc.

transfusion belt,etc.
piratory airway
equipment,
diagnostic
Internat
ional

equipment,

Medical manufacturingintestinal feeding

enterprises, traders,catheter, infusion

etc.

More
than 20

T/T, etc.

set, bloodtransfusion belt,
etc.

OTHER

The products produced by subject are widely sold at home and abroad, most of which are

INFORMATION

exported to Southeast Asia and the rest are sold domestically. Sales models include direct
14/28

sales, distribution, etc. Downstream customer groups include medical manufacturing
companies, traders, etc. Currently, subject has established a stable cooperation with somecustomers.

4.4. PURCHASE INFORMATION
RegionMain Products

Number of

Payment

Purchased

Suppliers

Terms

Plastic raw materials,
DomesticMore than 20

office supplies,

Chemical raw materials,

onal

etc.

tage

payment,
payment as

Nationwide

70%

Southeast Asia, etc.

30%

agreed, etc.

business services, etc.
Internati

PercenPromptrubber raw materials,
production equipment,

Purchase Areas

More than 10

T/T, etc.

The products required for the production of subject are purchased both at home andabroad. The raw materials and equipment required for production are mainly purchased
OTHER

from domestic production enterprises, and a small part of chemical raw materials are

INFORMATION

exported from Southeast Asia, etc. Daily office supplies and related services arepurchased directly near the company. At present, the procurement business is progressing
relatively smooth.

4.5.NOTE TO CREDIT RECORD
Subject's staff was cautious about its supplier information and declined to disclose any
information of the suppliers' names due to company secrecy. No information of its suppliers

Note

is obtained through public source. Therefore, no payment records can be provided in thereport.

4.6.BANK INFORMATION➢BANKERS-Bank Name

Total Loan

Credit Limit

1

Bank of China Limited Xxxxx Haicang Sub-branch--Bank Name
Basic Bank
Account
Account No. (CNY)Bank of China Limited Xxxxx Haicang Sub-branchYes
424758367xxx

The above bank information was obtained from public sources which is provided for reference.

15/28

4.7.ELECTRICITY CONSUMPTION RECORD
No electricity consumption record of subject can be obtained through current available sources.

5. QUALIFICATIONS & TRENDS
5.1. AUTHENTICATION INFORMATION(1)Certificate-

Category

Certificate No.

Issue Date

Expire Date

Status2021-01-19

2024-01-18

Valid

Medical Device
1

Quality

Q607900300xxxEManagement

V.xx

System Certificate

5.2. EXPORT/IMPORT PERMITEXPORT/IMPORTPERMIT

YES

5.3. RATING BY THE CUSTOMS
Validity Period of-RatingCustom ID

Business Category

Customs

Date Obtained

Declaration
Registered and1

Filed Enterprise

3502640027

Shipper &Consignee

Perpetual2023-09-19

Note：According to the credit status of companies, the General Administration of Customs of PRC rates companies
as：Advanced Certified Enterprise,Registered and Filed Enterprise,Discredited Enterprise.

5.4. IMPORT / EXPORT DETAILS
Note: below data is obtained from third party customs declaration service platform, incompleteness or inaccuracyof data can't be excluded and hence is only provided for reference.

➢

IMPORT AND EXPORT YEAR RECORD

Import (USD 1,000)
2017 Import Region -TOP5

2016 Import Volume

Import Region -TOP5

Import Volume

Germany

171

The United Kingdom

Malaysia

133

Singapore

628

Singapore109

Malaysia

528

Taiwan Area

81

Germany

394

16/28

1,326

U.S.A

58

Taiwan Area

241

Other countries

106

Other countries

256

Import Volume

658

Import Volume

3,373

2017 Imported Products -TOP5

2016 Import Volume

Imported Products -TOP5

Import Volume【1】Parts and accessorie...

136【5】Primary Shape Plasti...

1,133

For working plastics

131【1】Parts and accessorie...

466【2】Other plates, sheets...

94【3】Other prepared glues...

438【3】Other prepared glues...

76【2】Other plates, sheets...

437【4】Silicones in primary...

66

For working plastics

241

Other

155

Other

658

Import Volume

658

Import Volume

3,373

Remark:[1] Full Name:Parts and accessories (not specified or included elsewhere in this Chapter) for machines,
appliances, instruments or apparatus of Chapter 90.
[2] Full Name:Other plates, sheets, film, foil and strip, of plastics, noncellular and not reinforced, laminated,
supported or similarly combined with other materials:Other.
[3] Full Name:Other prepared glues and other prepared adhesives, not elsewhere specified or included.
[4] Full Name:Silicones in primary forms.
[5] Full Name:Primary Shape Plasticized Polyvinyl Chloride.

17/28

Export (USD 1,000)
2017 Export Region -TOP5

2016 Export Volume

Malaysia

Export Region -TOP5
2,323

Export Volume

Malaysia

8,015
130

Seychelles

38

Seychelles

Singapore

23

Hong Kong (China)

2Singapore

1

Taiwan Area

1

Export Volume

2,3842017 Exported Products -TOP5

Export Volume

8,149

2016 Export Volume

Exported Products -TOP5

Export Volume【1】Ozone therapy, oxyge...

2,322【1】Ozone therapy, oxyge...

7,707【2】Parts and accessorie...

49【2】Parts and accessorie...

319【3】Other machines and m...

6

Plasticized121

For working plastics

5【6】Silicones in primary...

1【4】Other continuousacti...

2【7】Polyethylene sacks a...

<1【5】Other<1

Export Volume2,384

Export Volume

8,148

Remark:[1] Full Name:Ozone therapy, oxygen therapy, aerosol therapy, artificial respiration or other therapeutic respiration
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apparatus.
[2] Full Name:Parts and accessories (not specified or included elsewhere in this Chapter) for machines,
appliances, instruments or apparatus of Chapter 90.
[3] Full Name:Other machines and mechanical appliances having individual functions.
[4] Full Name:Other continuousaction elevators and conveyors, for goods or materials, belt type.
[5] This data is USD 299.
[6] Full Name:Silicones in primary forms.
[7] Full Name:Polyethylene sacks and bags (for the carriage or packing of goods);This data is USD 5.

1 In 2017,The proportion of export volume to Malaysia was decreased by 71.02%.

5.5.EMPLOYEE
Employee Number

76

OTHER

In September 2023, subject's staff was cautious and refused to disclose its employee
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INFORMATION

number. It is learned from subject's annual report of 2022 that the employee number
covered by social insurance is 76 and this number obtained from official source is written inthis report.

5.6.RECRUITMENT(8)1

Position
MaintenanceEngineer Equipment
Maintenance Engineer

Working Place

Date of Updating

Xxxxx City

2020-10-04

2

Quality Inspector

Xxxxx City

2020-07-31

3

Factory technician

Xxxxx City

2020-06-12

4

QC technician

Xxxxx City

2020-04-09

5

Operator

Xxxxx City

2019-02-12

6

Mould fitter

Xxxxx City

2019-02-05

7

Warehouse workers

Xxxxx City

2016-06-24

8

Injection molding technician

Xxxxx City

2016-05-31

5.7.NEWS(3)Date of-

Linkage1

http://thj.f139.com/mn/detail/3271.html Profit&Loss

2

3

Publication

http://news.ifeng.com/gundong/detail_2011_05/03/6121188_0.shtml
Profit&Loss

Positive

http://www.cnr.cn/newscenter/gnxw/201104/t20110429_507944404.shtml
Profit&Loss

Positive2011-07-29
2011-05-03

2011-04-29

5.8.ADMINISTRATIVE INFORMATION➢ADMINISTRATIVE LICENSES & IDENTIFICATIONS(5)-License No.

License Name

18072022042730xxx

Registration Notice2

Hai Gong Xiao Shen Zi [2018] 0019

3

Hai Gong Xiao Yan Zi [2018] 0037

4
5

Gu Ti (Wei Xian) Fei Wu Kua Sheng
Zhuan Yi Xu Ke (Chu Shen)-

Review Opinion on Fire Protection Design of Construction
Project-

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License No.

8072022042730xxx

License Name

Registration Notice

Issuing date2022-04-29

Expire date2099-12-31

Issuing party

Market Supervision Administration - Xxxxx City
XXXXFRONT (XXXXX) MEDICAL DEVICES CO., LTD., address: No.28, Haijing East
Road, (Bonded Port Area) Xxxxx City, China (Xxxx) Pilot Free Trade Zone. After
examination, the application for director filing, change of legal representative and manager

License Content

filing and registration of XXXXFRONT (XXXXX) MEDICAL DEVICES CO., LTD. iscomplete and conforms to the legal form. In accordance with the provisions of the firstparagraph of Article 12 of the Regulations on Commercial Registration of Xxxxx Special
Economic Zone, the bureau has decided to approve the change of registration.

StatusValid

License No.

Hai Gong Xiao Shen Zi [2018] 0xxx

License Name

Review Opinion on Fire Protection Design of Construction ProjectIssuing date2018-02-07

Expire date2099-12-31

Issuing party

Public Security Fire Brigade - Haicang District, Xxxxx City

License Content

The fire protection design of the project has been reviewed and approved as qualified.

StatusValid

License No.

Hai Gong Xiao Yan Zi [2018] 0xxx

Issuing date2018-01-03

Expire date2099-12-31

Issuing party

Public Security Fire Brigade - Haicang District, Xxxxx City

License Content

The project fire acceptance qualified.

StatusValid

License No.

Gu Ti (Wei Xian) Fei Wu Kua Sheng Zhuan Yi Xu Ke (Chu Shen)

Issuing date2016-09-05

Expire date2099-12-30

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Issuing party

Environmental Protection Agency - Haicang District, Xxxxx City

License Content

License for solid (hazardous) waste transfer in export processing zones

StatusValid

Issuing date2014-04-16

Expire date2099-12-31

Issuing party

Administration for Industry and Commerce - Xxxxx City

License Content

Completion

StatusValid➢

TAX RATINGYear

Taxpayer ID

Taxpayer Credit Rating

2022

913502007980879xxx

A

2021

913502007980879xxx

A

2020

913502007980879xxx

A

2019

913502007980879xxx

A

2018

913502007980879xxx

A

2017

913502007980879xxx

A➢

LIQUIDATION INFORMATIONAs of the reporting date, no liquidation information about subject is found through the National Enterprise Credit
Information Publicity System and SkyMinder database.

5.9.DEBT COLLECTION RECORDNo debt collection record against subject in the latest 5 years is found after searching through the SkyMinder third
party debt collection platform.
(SkyMinder Debt Collectionis the professional debt collection service platform. Cooperating with global debt
collection companies, it provides business-to-business debt collection consulting and legal service covering 216
countries and regions all over the world.)

6. FINANCIAL INFORMATION
6.1. DETAILED FINANCIAL INFORMATION
Financial Note: Due to the lack of a clear government policy regarding the transparency of enterprise financial
information, some financial items might be missing in the financial statements, causing possible inequality
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between the sum of the provided items and the provided total numbers.
Assets (UNIT: CNY 1,000)
Year

2021-12-31

2022-12-31

Annual Report

Annual Report

Individual

Individual

Government Source

Government Source

Audited or Not

Unknown

Unknown

Total Assets

58,77964,2652021-12-31

2022-12-31

Total Liabilities

19,831

17,997

Total Owner’s Equity

38,94846,268

Total Liabilities and Owner's Equity

58,77964,2652021-12-31

2022-12-31

Operating Income

69,76367,057

Total Profit

7,125

8,596

Income Tax

0

1,275

7,125

7,321

Report TypeStatement Type
SourceLiabilities (UNIT: CNY 1,000)
Year

IncomeStatement(UNIT:

CNY

1,000)Year

Net Profit

6.2. GROWTH RATE OF MAJOR FINANCIAL
2021

Growth(%)

2022

Operating Income

69,763-3.88

67,057

Total Assets

58,7799.33

64,265

Total Profit

7,125

20.65

8,596

Net Profit

7,125

2.75

7,321

Total Liabilities

19,831-9.25

17,997

Total Owner’s Equity

38,94818.79

46,2686.3. IMPORTANT RATIO
Profitability

2021

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2022

Return on net assets (%)

18.29

15.82

Return on total assets (%)

12.12

11.39

Net profit margin (%)

10.21

10.92

Operation capacity

2021

2022

Turnover of total assets

1.19

1.04

Solvency

2021

2022

Liabilities to assets ratio (%)

33.74

28.00

Development capacity

2021

2022

-

-3.88

-

9.33

Yearly Growth of Operating
Income (%)
Yearly growth of total assets (%)

6.4. FINANCIALS & ANALYSIS
Financial Note

Subject's detailed financial information of 2021 and 2022 is unavailable. Only subject's
financial summaries of 2021 and 2022 are provided for client's reference.
Profitability analysis:
Subject's return on net assets and return on total assets were relatively high in 2022,
indicating its profit status was relatively good and its profitability was relatively strong.

Operating capacity analysis:
Subject's turnover of total assets was relatively high in 2022, indicating that its operating
capacity of total assets was relatively strong.
Financial Analysis
Solvency analysis:
Subject's liabilities to assets ratio was 28.00% in 2022, indicating that its long-term
solvency was relatively strong and long-term debt paying pressure was relatively low.

Development capacity analysis:
Subject's operating income of 2022 slightly decreased by 3.88% compared with that of2021, indicating its business expansion was slightly poor.

7. INDUSTRY INFORMATION
7.1. INDUSTRY CODE
SIC (China)

3580,PRODUCTION OF MEDICAL INSTRUMENT & APPLIANCE 【Major】

7.2. INDUSTRY BACKGROUND
3580,PRODUCTION OF MEDICAL INSTRUMENT & APPLIANCE
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➢

STATUS QUOThe number of new filings of Class I medical device products in China reached 29,807 in 2022, higher than the
pre-COVID-19 level. According to the distribution of segmented fields, in 2022, the first registration of medical
device products in China was mainly in the fields of in vitro diagnostic reagents and passive implanted devices,
accounting for 17.2% and 21.7% respectively, with a total of 38.9% of the total first registration of products. The
number of medical device manufacturing enterprises in China has grown rapidly, surpassing 30,000 in 2022.

The development trend of leading medical enterprises is good, and the industry concentration is increasing year
by year. The scale of medical device operating enterprises is constantly expanding, and more innovative high-tech
medical devices are rapidly benefiting the people, continuously meeting the growing health needs of the people,
and becoming a strong driving force for promoting high-quality development of the industry.

7.3. NATIONAL DISTRIBUTION

The above is generated by CreditVision with big data technology by analyzing the distribution of companies
exporting the same kind of goods across the country obtained from public sources. Incompleteness or inaccuracy
may not be excluded and hence is provided for reference only.

7.4. INDUSTRY FINANCIAL AVERAGE-

Profitability

2021

Subject

Best(10%)

Average

Worst(10%)

Return on net assets (%)

18.29

10.59

4.00

-6.44

12.12

7.27

3.08

-3.08

Return on total assets
(%)

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Gross profit margin (%)

-

15.83

2.86

-7.11

Turnover of total assets

1.19

0.89

0.32

0.08

-

1.54

0.49

0.16

-

45.02

140.53334.06

33.74

44.56

53.55

76.12

Current ratio

-

2.43

1.35

0.71

Quick ratio

-

1.52

0.85

0.45

-

15.67

3.18

-20.12

-

28.53

2.58

-16.62

-

16.09

4.29

-19.17

Operation

Turnover

Capacity

assetsofTurnovercurrent

daysofaccount receivable
Liabilities

toAssetsRatio (%)
Solvency

YearlyGrowthofOperating Income (%)
Development
Capacity

Yearly Growth of Gross
Profit (%)
Yearly Growth of Total
Assets (%)

Note: the figures marked with RED means subject’s performance is worse than the industry worst 10% and thefigures marked with GREEN means subject’s performance is better than industry best 10%.
The

2021 figures that are better than the industry best 10%:Return on net assets,Return on total

assets,Turnover of total assets,Liabilities to Assets Ratio

7.5.INDUSTRY CORE INDEX CHART
3580,PRODUCTION OF MEDICAL INSTRUMENT & APPLIANCE

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27/28

End of report content.

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