Shandong Weigao Group Medical Polymer Company Limited

1066
Failed

Company Overview

Shandong Weigao Group Medical Polymer Products Co., Ltd. is mainly engaged in R&D, production and sales of medical device products, orthopedic products, interventional products, pharmaceutical packaging products, blood management products, and operating financing business. As far as management is concerned, the Group is currently divided into six business divisions - medical device products, orthopedic products, interventional products, pharmaceutical packaging products, blood management products and others. Among them, interventional products are manufactured by Elang Medical Devices Holdings Co., Ltd. (“Ailang”). These divisions are divided according to the internal reporting standards of each division of the Group and are regularly reviewed by key operating decision makers (managing directors) to allocate resources to the segment and evaluate its performance. The main businesses of the Group's operating and reportable divisions are as follows: Medical device products - production and sale of clinical care, medical testing, anesthesia and surgery-related products and other consumables Orthopedic products - production and sale of orthopedic products Interventional products - production and sale of oncology and vascular interventional devices Pharmaceutical packaging products - production and sale of pre-filled syringes and syringes Blood management products - production and sale of blood collection, radiation, storage, separation, sterilization and disinfection products Other - Financial leasing and factoring business

Country
HK
Market Cap
$4.46B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
1.42% passed
5% Threshold
1.4%
Liabilities Compliance
12.71% passed
33% Threshold
12.7%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Shandong Weigao Group Medical Polymer Company Limited
Ticker 1066
Main Business Medical Instruments & Supplies
Type Common Stock
Industry Medical Instruments & Supplies
Country HK
Market Cap $4.46 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Clinical care $4,726.6 $0.0 -
Pharma packaging products $2,105.4 $0.0 -
Blood management $1,098.0 $0.0 -
Medical testing $325.7 $0.0 -
Anesthesia and surgical related products $615.6 $0.0 -
Orthopaedic products $1,830.4 $0.0 -
Interventional products $1,938.2 $0.0 -
Other consumables $979.1 $0.0 -
Other income $323.2 $180.3 Interest income
Other gains and losses $121.6 $19.6 Gain from changes in fair value of financial instruments measured at FVTPL
Total $14,063.8 $199.8 1.42% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $357,142,857.1 8.01%
long term bank loan $70,012,605.0 1.57%
convertible notes and bonds $139,413,165.3 3.13%
Total Interest-Bearing Debt $566,568,627.5 12.71%
Market Capitalization $4,458,679,487.2 100.00%
Compliance Status Threshold: 33% passed