WOK | Market Cap: $33,802 (07/13/26)
Industry:
Healthcare Equipment, Supplies, & Technology
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DESCRIPTION

Work Medical Technology manufactures and sells disposable medical devices through its China-based subsidiary, Hangzhou Shanyou. Core products focus on airway management and respiratory care — including artery compression tourniquets, disposable breathing circuits, endotracheal tubes, laryngeal mask airways, and oxygen face masks. These products are used in hospitals during surgery, anesthesia, and patient care. The company sells through a network of over 1,000 domestic distributors covering all of China's provincial regions, which resell to hospitals, pharmacies, and other medical institutions. A growing share of revenue comes from international sales through 57 export distributors across more than 30 countries. Revenue is predominantly domestic (84% in FY25), though international sales have grown from 7% of revenue in FY23 to 16% in FY25. The company manufactures at its own largely automated facilities in Hangzhou, and sells products under both its own "Work" brand and on an OEM basis. Post-COVID, mask products have declined sharply as a share of revenue, shifting mix back toward core medical devices. The company is expanding internationally, targeting emerging markets, and has moved into diagnostics with an AI-automated blood cell morphology analyzer developed by subsidiary Hunan Saitumofei, which received manufacturing approval in late 2025 and is expected to enter production in early 2026.

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