Company Description
Meihua International Medical Technologies Co., Ltd. (Nasdaq symbol: MHUA) is a manufacturer and provider of Class I, II and III disposable medical devices with operating subsidiaries in China. According to the company’s public disclosures, it focuses on disposable medical products used in clinical, pharmaceutical and healthcare settings, and distributes its products under its own brands as well as sourcing from other manufacturers. The company is classified in the surgical and medical instrument manufacturing industry within the broader manufacturing sector.
Business focus and product categories
Meihua states that it manufactures and sells Class I disposable medical devices such as HDPE bottles for tablets, LDPE bottles for eye drops, throat strips and anal bags. It also offers Class II and Class III disposable medical devices, including disposable identification bracelets, gynecological examination kits, inspection kits, surgical kits, medical brushes, medical dressing, medical catheters, uterine tissue suction tables, virus sampling tubes, disposable infusion pumps, electronic pumps and anesthesia puncture kits, among other products. These devices are sold under the company’s own brands and are also sourced and distributed from other manufacturers.
The company reports that it has received international "CE" certification and ISO 13485 quality management system certification. It also discloses that it has registered with the U.S. Food and Drug Administration for over 20 Class I products. Meihua indicates that it has served hospitals, pharmacies, medical institutions and medical equipment companies for more than 30 years, providing hundreds of product types for domestic sales in China and over 120 products exported to more than 30 countries across Europe, North America, South America, Asia, Africa and Oceania.
Geographic footprint and customer base
Based on its press releases, Meihua’s operating subsidiaries are located in China, and its products reach both domestic and international markets. The company reports that its disposable medical devices are supplied to hospitals, pharmacies, medical institutions and medical equipment companies. It also notes that its export portfolio covers more than 30 countries across multiple continents, reflecting a mix of domestic and overseas distribution for its medical consumables and device components.
Product development and technology initiatives
In its public communications, Meihua describes an ongoing transition toward high-end medical products and intelligent healthcare technologies. The company reports work on minimally invasive surgical robot systems and an NT-2000 surgical path analysis system, which it states has been used to support a 5G remote robot-assisted lobectomy. According to Meihua, the NT-2000 system offers real-time monitoring and guidance capabilities intended to assist advanced 3D imaging for surgical mapping.
The company also reports the launch of an AI-powered Speed Fox warehouse management and logistics platform. Meihua describes this platform as part of its efforts to enhance supply chain efficiency and integrate artificial intelligence into its operations. These initiatives are positioned by the company as part of a broader strategy to increase sales of high-end products, expand its premium medical products portfolio and reinforce its upstream and downstream supply chains.
Manufacturing and industrial projects
Meihua has disclosed the construction of an integrated medical industrial park in Boao Hope City, Hainan Province, China. In its statements, the company characterizes this park as a key element of its long-term strategy, intended to bring research and development, manufacturing, logistics and commercialization together in one location. The company also notes that this project is associated with national-level preferential policies from local authorities and is linked to its development of robotic-assisted surgery systems and advanced medical consumables.
Capital markets and corporate actions
Meihua’s ordinary shares trade under the symbol MHUA on The Nasdaq Capital Market. The company has reported several capital markets and corporate actions through its SEC filings and press releases. These include share repurchase plans, private placements of ordinary shares to non-U.S. investors under Regulation S, and the adoption of an equity incentive plan. The company has also described a strategic transition toward higher-end medical products in its financial disclosures.
In November 2025, Meihua’s shareholders approved a share consolidation in which every one hundred issued and unissued ordinary shares of par value USD0.0005 each were consolidated into one consolidated ordinary share of par value USD0.05. The company also approved an increase in authorized share capital and the establishment of a dual-class share structure with Class A and Class B ordinary shares, as described in its Form 6-K filing regarding the extraordinary general meeting.
Meihua has also disclosed private placements of its shares. In October 2025, the company entered into a securities purchase agreement with non-U.S. persons for a private placement of 40,000,000 ordinary shares, and in December 2025 it reported the closing of an additional private placement of Class A ordinary shares with non-U.S. purchasers. The company indicates that it intends to use the net proceeds from these offerings for working capital and general corporate purposes.
Nasdaq listing status and compliance events
According to a press release dated December 5, 2025, Meihua received a letter from The Nasdaq Stock Market LLC notifying the company of a determination to delist its ordinary shares from The Nasdaq Capital Market. The notice cited the company’s failure to regain compliance with Nasdaq Listing Rule 5550(a)(2), relating to the minimum bid price requirement, and an additional non-compliance with Listing Rule 5550(a)(4), relating to the minimum number of publicly held shares. The company disclosed that trading of its ordinary shares was expected to be suspended at the opening of business on December 9, 2025, and that it submitted a hearing request to appeal the delisting determination.
Earlier, in October 2024, Meihua had announced that it received a notification from Nasdaq confirming that it had regained compliance with the minimum bid price requirement after its shares traded at or above USD 1.00 per share for a specified period. Subsequent developments, including the reverse share split and later delisting notice, are described in the company’s later press releases and filings. Investors researching MHUA should review the most recent Nasdaq and SEC disclosures to understand the current trading status of the shares, as the delisting process and any appeals can affect where and how the stock trades.
Corporate governance and auditor information
Meihua files annual reports on Form 20-F and current reports on Form 6-K as a foreign private issuer. In a Form 6-K dated January 7, 2026, the company reported a change of auditor. The board of directors and audit committee approved the dismissal of Kreit & Chiu CPA LLP as the independent registered public accounting firm and the appointment of Li CPA LLC to serve as the company’s independent registered public accounting firm for the year ended December 31, 2025. The company stated that there were no disagreements with the former auditor on accounting principles, financial statement disclosure or audit scope during the most recent fiscal years, and that there were no reportable events as defined in the SEC’s rules.
In another Form 6-K dated August 21, 2025, Meihua disclosed changes in its senior management and board composition, including the resignation of its then chief executive officer, chief financial officer and a director, and the appointment of a new chief executive officer, a new chief financial officer and an additional independent director. The filing provides background information on the newly appointed executives and director and describes their roles on the board and its committees.
Financial reporting
Meihua regularly furnishes unaudited financial statements for interim periods and audited financial statements for fiscal years through its Form 20-F and Form 6-K filings. For example, in a Form 6-K dated September 18, 2025, the company furnished unaudited condensed consolidated financial statements and management’s discussion and analysis for the six months ended June 30, 2025. In press releases, the company has summarized key financial metrics such as revenues, gross profit, gross margin, income from operations and net income for recent periods, and has discussed factors affecting its results, including changes in demand, cost structure and the disposal of certain subsidiaries.
These financial disclosures provide insight into the company’s performance in its disposable medical device business and its investments in new projects such as the Hainan medical industrial park and AI-related platforms. Investors can consult the full financial statements and MD&A filed with the SEC for detailed information on segment performance, cost components, research and development expenses and capital allocation decisions.
Use cases for investors and analysts
For investors and analysts researching MHUA stock, Meihua’s disclosures outline a business centered on disposable medical devices, with an expanding focus on high-end and technology-enabled products. The company’s certifications, regulatory registrations and long operating history in supplying hospitals and medical institutions provide context for its role in the medical device supply chain. At the same time, its capital markets activities, share structure changes, auditor transitions and Nasdaq listing status events are important for understanding governance, financing and trading considerations.
Because Meihua is a foreign private issuer, its primary regulatory filings are on Forms 20-F and 6-K rather than Forms 10-K and 10-Q. These documents, together with press releases, offer a consolidated view of the company’s operations, risk factors, financial condition and strategic initiatives. Users interested in MHUA can review these materials to evaluate how the company describes its transition toward higher-end medical products, its integration of AI into logistics and product development, and its efforts to manage listing compliance and capital structure.