{"id":458794,"date":"2021-03-16T09:40:35","date_gmt":"2021-03-16T13:40:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458794"},"modified":"2021-03-16T09:40:35","modified_gmt":"2021-03-16T13:40:35","slug":"edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/","title":{"rendered":"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1%"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SHENZHEN, China<\/span>, <span class=\"xn-chron\">March 16, 2021<\/span> \/PRNewswire\/ &#8212; <span><a target=\"_blank\" href=\"http:\/\/www.edan.com\/\" rel=\"nofollow noopener noreferrer\"><span id=\"spanHghlt5d48\">EDAN Instruments, Inc.<\/span><\/a><\/span><span id=\"spanHghlt7640\">\u00a0(&#8220;EDAN&#8221; or the &#8220;Company) (SHE: 300206) on Monday announced its results for the preceding fiscal year (FY 2020) with revenue of <span class=\"xn-money\">CNY 2.3 billion<\/span>.<\/span> The company also revealed its strategic 5+1 plan and its anticipation for 2025.<\/p>\n<p>\n        <b>EDAN&#8217;s 2020 Financial Highlights (all results compared to FY 2019)<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Revenues increased 104.1% to <span class=\"xn-money\">CNY 2.3 billion<\/span>, in which <span class=\"xn-money\">CNY 1.4 billion<\/span> are from Patient Monitoring products with a 270.65% increment compared to FY 2019 <\/li>\n<li>Net profit attributed to shareholders reached <span class=\"xn-money\">CNY 653 million<\/span> vs. <span class=\"xn-money\">CNY 131.3 million<\/span><\/li>\n<li>Operating income increased 447% to <span class=\"xn-money\">CNY 745 million<\/span><\/li>\n<li>Net cash from operating activities increased 498% to <span class=\"xn-money\">CNY 689 million<\/span><\/li>\n<li>\n          <span class=\"xn-money\">CNY 250 million<\/span> in dividends paid to shareholders in 2020<\/li>\n<\/ul>\n<p>For FY 2020, EDAN reported dispatching hundreds of thousands of medical equipment to <a target=\"_blank\" href=\"https:\/\/youtu.be\/RzUHmzKilaU\" rel=\"nofollow noopener noreferrer\">over 140 countries<\/a>. Apart from the 270.7% increment in patient monitoring, the report reflects all five product lines show increment in FY 2020, including a 41.5% increment in In-Vitro Diagnostics &amp; Point-of-Care Testing to <span class=\"xn-money\">CNY 210 million<\/span>. Throughout the year, EDAN established its brand and recognition in the market by delivering high-quality medical equipment to publicly funded healthcare systems, purchasing organizations, and hospitals like the <a target=\"_blank\" href=\"http:\/\/www.edan.com\/news\/company101\/79.html\" rel=\"nofollow noopener noreferrer\">Nation Health Service<\/a> (NHS, UK) and <a target=\"_blank\" href=\"http:\/\/www.edan.com\/news\/company101\/74.html\" rel=\"nofollow noopener noreferrer\">AP-HP<\/a>. <\/p>\n<p>Under the universal operational challenges, EDAN maintained a steady increment in its R&amp;D investments, from <span class=\"xn-money\">CNY 194.6 million<\/span> to <span class=\"xn-money\">CNY 218.0 million<\/span>. To ramp up the productivity, the company added production lines as well as introduced the automating supply chain. <\/p>\n<p>Hao Zhang, Chairman and Chief Executive Officer of EDAN, commented in his letter to EDAN&#8217;s shareholders, &#8220;The achievements we did in 2020 were achieved by all of our employees, business partners, and stakeholders, even in such global uncertainties. What we did showed resilience, accumulates, and a sense of responsibility, especially when making decisive actions. EDAN were managed to serve our clients across the world with timely delivery while prioritizing our people and clients during the pandemic.&#8221; <\/p>\n<p>The 5+1 plan, the outlook for 2020 to 2025, was further discussed in the letter. &#8220;To achieve revenue of <span class=\"xn-money\">CNY 5 billion<\/span> in 2025, periodical targets were set by each unit, product-wise, operation-wise and strategic-wise. Local subsidiaries are also planned to excavate niche markets and provide better services to our clients.&#8221; <\/p>\n<p>&#8220;What&#8217;s past is prologue. At the start of the 5+1 Plan, EDAN and I will keep our mission in mind, and creating value for shareholders and society as always<span id=\"spanHghlt4365\">,<\/span>&#8221; Zhang concludes. <\/p>\n<p>\n        <b><br \/>\n          <u>About EDAN Instruments, Inc.<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Edan is a healthcare company dedicated to improving the human condition around the world by delivering value-driven, innovative, and high-quality medical products and services. For over 20 years, Edan has been pioneering a comprehensive line of medical solutions that address a broad range of healthcare practices including <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/ecg\/\" rel=\"nofollow noopener noreferrer\">Diagnostic ECG<\/a>, <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/ob\/\" rel=\"nofollow noopener noreferrer\">OB\/GYN<\/a>, <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/ultrasound\/\" rel=\"nofollow noopener noreferrer\">Ultrasound Imaging<\/a>, <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/ivd\/\" rel=\"nofollow noopener noreferrer\">In-Vitro Diagnostics<\/a>, <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/patient\/\" rel=\"nofollow noopener noreferrer\">Patient Monitoring<\/a>, <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/poct\/\" rel=\"nofollow noopener noreferrer\">Point-of-Care Testing<\/a>, and <a target=\"_blank\" href=\"http:\/\/www.edan.com\/product\/veterinary\/\" rel=\"nofollow noopener noreferrer\">Veterinary<\/a>. Healthcare professionals around the world depend on Edan&#8217;s breakthrough medical technologies and outstanding customer support.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10935&amp;sd=2021-03-16\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1-301247980.html\">http:\/\/www.prnewswire.com\/news-releases\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1-301247980.html<\/a><\/p>\n<p>SOURCE  EDAN Instruments, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN10935&amp;Transmission_Id=202103160937PR_NEWS_USPR_____CN10935&amp;DateId=20210316\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SHENZHEN, China, March 16, 2021 \/PRNewswire\/ &#8212; EDAN Instruments, Inc.\u00a0(&#8220;EDAN&#8221; or the &#8220;Company) (SHE: 300206) on Monday announced its results for the preceding fiscal year (FY 2020) with revenue of CNY 2.3 billion. The company also revealed its strategic 5+1 plan and its anticipation for 2025. EDAN&#8217;s 2020 Financial Highlights (all results compared to FY 2019) Revenues increased 104.1% to CNY 2.3 billion, in which CNY 1.4 billion are from Patient Monitoring products with a 270.65% increment compared to FY 2019 Net profit attributed to shareholders reached CNY 653 million vs. CNY 131.3 million Operating income increased 447% to CNY 745 million Net cash from operating activities increased 498% to CNY 689 million CNY 250 million in dividends &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458794","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1% - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1% - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SHENZHEN, China, March 16, 2021 \/PRNewswire\/ &#8212; EDAN Instruments, Inc.\u00a0(&#8220;EDAN&#8221; or the &#8220;Company) (SHE: 300206) on Monday announced its results for the preceding fiscal year (FY 2020) with revenue of CNY 2.3 billion. The company also revealed its strategic 5+1 plan and its anticipation for 2025. EDAN&#8217;s 2020 Financial Highlights (all results compared to FY 2019) Revenues increased 104.1% to CNY 2.3 billion, in which CNY 1.4 billion are from Patient Monitoring products with a 270.65% increment compared to FY 2019 Net profit attributed to shareholders reached CNY 653 million vs. CNY 131.3 million Operating income increased 447% to CNY 745 million Net cash from operating activities increased 498% to CNY 689 million CNY 250 million in dividends &hellip; Continue reading &quot;EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1%&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T13:40:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10935&amp;sd=2021-03-16\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1%\",\"datePublished\":\"2021-03-16T13:40:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\\\/\"},\"wordCount\":478,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN10935&amp;sd=2021-03-16\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\\\/\",\"name\":\"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1% - 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The company also revealed its strategic 5+1 plan and its anticipation for 2025. EDAN&#8217;s 2020 Financial Highlights (all results compared to FY 2019) Revenues increased 104.1% to CNY 2.3 billion, in which CNY 1.4 billion are from Patient Monitoring products with a 270.65% increment compared to FY 2019 Net profit attributed to shareholders reached CNY 653 million vs. CNY 131.3 million Operating income increased 447% to CNY 745 million Net cash from operating activities increased 498% to CNY 689 million CNY 250 million in dividends &hellip; Continue reading \"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1%\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T13:40:35+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10935&amp;sd=2021-03-16","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1%","datePublished":"2021-03-16T13:40:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/"},"wordCount":478,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN10935&amp;sd=2021-03-16","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/edan-announces-2020-annual-results-2025-outlook-revenues-increased-104-1\/","name":"EDAN Announces 2020 Annual Results 2025 Outlook: Revenues Increased 104.1% - 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