Jin Medical International Ltd. specializes in the conception, production, and worldwide distribution of mobility and daily living aids, including wheelchairs, for individuals with disabilities or restricted movement. Their product range additionally features oxygen concentrators and specialized bathing devices. Established in 2006, the company is headquartered in Changzhou, China, and operates as a subsidiary of Jolly Harmony Enterprises Limited.
JIN MEDICAL INTERNATIONAL LTD. Reports First Half of Fiscal Year 2026 Financial Results
Jin Medical reported fiscal first-half 2026 revenue of $8.9 million, down 9.7% year-over-year, swinging from a net income of $0.01 million to a net loss of $0.2 million.
The decline was driven by a 59.1% drop in other product sales after the company ceased electric scooter sales due to a lack of qualifications, alongside reduced orders from key customer Nissin due to FX headwinds.
Gross margin improved to 26.9% from 24.3% as management enhanced inventory efficiency, while the company maintained a solid financial position with $9.1 million in cash and $21.0 million in short-term investments.