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United Imaging

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Shanghai United Imaging Healthcare Co., Ltd.
United Imaging
Native name
上海联影医疗科技股份有限公司
Company typePublic
SSE: 688271
IndustryMedical technology
FoundedMarch 21, 2011; 13 years ago (2011-03-21)
Founders
  • Xue Min
  • Zhang Qiang
HeadquartersShanghai, China
Key people
  • Zhang Qiang (Chairman & Co-CEO)
RevenueIncrease CN¥11.41 billion (2023)
Increase CN¥1.98 billion (2023)
Total assetsIncrease CN¥25.34 billion (2023)
Total equityIncrease CN¥18.88 billion (2023)
OwnerShanghai Municipal People's Government
Number of employees
7,440 (2023)
Websiteunited-imaging.com
Footnotes / references
[1]

United Imaging (UIH; Chinese: 联影医疗; pinyin: Liányǐng Yīliáo) is a publicly listed Chinese multinational medical technology company headquartered in Shanghai, China. The company manufactures medical imaging and radiotherapy equipment and was founded with private funding.

Background

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UIH was founded in 2011 by Xue Min and Zhang Qiang who were former of employees of Siemens.[2][3] In 2013, UIH established its American Research and development center in Houston. In 2018, Houston became its regional headquarters when UIH entered the North American market by attending the Radiological Society of North America's annual meeting.[3][4]

In 2014, General Secretary Xi Jinping visited the company during a trip to Shanghai.[2][4]

During the COVID-19 pandemic, Chinese health authorities listed scanners and X-ray systems as basic required equipment for hospitals. UIH became profitable in 2020[2][3]

In August 2022, UIH held its initial public offering becoming a listed company on the Shanghai Stock Exchange STAR Market. It raised US$1.6 billion making its one of the largest offerings in China that year. On its trading debut, UIH shares surged 75%.[2][3][4][5]

UIH has established overseas operations in 70+ countries, with the majority of revenue coming from China.[2][3][4] It has a research partnership with Washington University School of Medicine[2] among many other academic institutions in the U.S. and worldwide. In the United States, United Imaging has experienced significant growth, with a presence in more than 30 states and a number of new product launches in four different imaging modalities since 2018. UIH competes with peers such as Siemens Healthineers, GE HealthCare and Philips Healthcare.[3]

References

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  1. ^ "2023 Annual Report" (PDF). Sohu.
  2. ^ a b c d e f Feng, Venus (25 August 2022). "Covid Crisis Helps Vault Chinese Tycoon to Billionaire Status". Bloomberg News.
  3. ^ a b c d e f Zhang, Mingmin (23 June 2023). "China's "Top Student" Takes on the "International Exam": United Imaging's Path to Overseas". EqualOcean. Archived from the original on 27 November 2023. Retrieved 21 June 2024.
  4. ^ a b c d "Shanghai United Imaging Healthcare (688271)" (PDF). Horizon Insights. 16 September 2022.
  5. ^ "China's United Imaging shares soar 75% in Shanghai STAR debut". Nikkei Asia. 22 August 2022. Archived from the original on 20 June 2024. Retrieved 21 June 2024.
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