Jin Medical International Ltd.
ZJYL · Orthopedic, Prosthetic & Surgical Appliances & Supplies · EDGAR filings ↗
Grade
C60Profitable but shrinking China-based wheelchair maker with mid-pack returns, a collapsing earnings line and VIE governance overhang.
Strengths
- Positive across net margin (69th pct), OCF margin (73rd pct) and ROA (72nd pct); decent liquidity (quick ratio 1.65)
- Established export franchise in Japan/China with positive operating cash flow
Risks
- Net income fell ~68% (12th pct) and revenue down 12% (19th pct); ROE only ~4% and FCF negative
- Cayman/VIE contractual-control structure plus single-large-customer concentration and HFCAA/PCAOB risk
Notable findings
- Cash burnNegative free cash flow (-3.7M)
- Revenue declineRevenue -12.0% YoY
Key metrics
Gross margin
29.2%
Operating margin
2.9%
Net margin
5.8%
Return on equity
4.0%
Return on assets
2.2%
Revenue growth (QoQ)
-12.0%
Net-income growth
-67.6%
Current ratio
1.9×
Free cash flow
-$4M
EBITDA
$852K
Tangible book value
$29M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-10 | 2025-09-30 | 0001213900-26-013870 ↗ |
| 20-F | 2025-01-24 | 2024-09-30 | 0001213900-25-006519 ↗ |
| 20-F | 2024-04-26 | 2023-09-30 | 0001213900-24-036700 ↗ |