Shandong Xinhua (SHINVA), Q1 2020, Sales Results

Image credit: screenshot of SHINVA website, 7th May 2020

On the 29th April, Shandong Xinhua Medical Devices (SHINVA), the Chinese originated manufacturer of medical equipment, published its financial results for Q1 2020 ending 31st March. This show that sales contracted significantly during the quarter. Total company sales revenue reached ¥1.73bn, compared with ¥2.03bn during Q1 2019, a decrease of approximately -15% year-on-year.