Good news | Huaxin Medical will receive provincial-level funding support!

Financial support from the Provincial Department of Commerce

In order to implement the spirit of the report of the "Twentieth National Congress of the Communist Party of China", actively integrate into the joint construction of the "the Belt and Road", and promote the high-quality development of foreign investment cooperation in Hunan Province, the special fund for the development of open economy and circulation industry in Hunan Province will continue to support the foreign investment cooperation business of Hunan Province in 2023。

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On September 18, 2023, the list of foreign investment and cooperation funding support projects for the year 2023 was determined by the Hunan Provincial Department of Commerce, and Hunan Huaxin Medical Equipment Co., Ltd. was prominently listed as a key high-tech industry to be supported. The Hunan Provincial Department of Commerce will provide preliminary cost support for Huaxin's "going global" market development and give preferential treatment to alliance projects.

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As a disposable electronic endoscope department enterprise, Huaxin Medical has rapidly risen since its establishment in 2018, laying the market foundation with disposable bronchi and demonstrating strong competitiveness and development potential. With profound technical strength, we continuously expand the application boundaries of disposable endoscopes, successfully develop multiple leading market products, and establish a leading position in the endoscope market. Actively expanding partners and establishing deep cooperative relationships with well-known companies such as international industry giant Olympus and leading enterprise in the minimally invasive surgical device market, Yisi Medical, to further expand market share and influence.

The company has completed the construction of a 100000 level clean factory in 2019, and all important product components can be self-developed and produced. In 2021, the acquisition of MGB, a 127 year old hard mirror company in Germany, was completed, expanding into the hard mirror field. 556 patents have been applied for, including 206 invention patents. In 2023, more than 200 patents have been applied for, with invention patents accounting for 42%. Continuously approved as a national high-tech enterprise, a specialized and innovative "little giant" enterprise in Hunan Province, a new research and development institution in Hunan Province, an enterprise technology center in Hunan Province, and a benchmark enterprise in the "three products" of the consumer goods industry in Hunan Province, and included in the list of reserve resources for listing in Hunan Province (Science and Technology Innovation Board).

In terms of global layout, Huaxin Medical is orderly and continues to expand its overseas market. Currently, it has established a global sales network system, selling in over 160 countries and regions, covering all mainstream regions. It is the only disposable endoscope enterprise in China that truly achieves global layout.

With strong underlying research and development capabilities, excellent product performance, world leading automated production capacity for endoscopes, strong market influence, and vast development space, Huaxin Medical has become an important force that cannot be ignored in the field of endoscopes. In 2022, it established a wholly-owned subsidiary in the United States and plans to build a sales and after-sales service center and a warehousing and logistics center to further enhance its competitiveness in the global endoscopic field.

In the future, Huaxin Medical will always regard innovation as the long-term driving force for enterprise development, continue to promote domestic disposable endoscope innovation technology, accelerate medical device product innovation and industrial development, and go to more countries and regions with a greater spirit of challenge, explore broader markets, and win more possibilities.

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