Meihua International Medical Technologies Co., Ltd. (MHUA) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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MHUA Revenue Growth
MHUA Revenue Analysis (2018–2024)
As of May 8, 2026, Meihua International Medical Technologies Co., Ltd. (MHUA) generated trailing twelve-month (TTM) revenue of $183.8 million, reflecting significant decline in growth of -16.2% year-over-year. The most recent quarter (Q2 2025) recorded $38.0 million in revenue, down 26.3% sequentially.
Looking at the longer-term picture, MHUA's 5-year compound annual growth rate (CAGR) stands at +4.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $104.0 million in 2021.
When compared to Healthcare sector peers including CODA (+33.2% YoY), ATEC (-7.4% YoY), and XTLB, MHUA has underperformed the peer group in terms of revenue growth. Compare MHUA vs CODA →
MHUA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MHUACurrent | $184M | -16.2% | +4.0% | 14.8% | |
 CODA | $27M | +33.2% | +5.8% | 17.1% | |
 ATEC | $764M | -7.4% | +39.5% | -10.7% | |
 XTLB | $451,000 | - | - | -481.6% | |
 MMSI | $1.5B | +11.2% | +9.5% | 12.2% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% |
MHUA Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $96.9M | -0.2% | $33.3M | 34.4% | $14.3M | 14.8% |
| 2023 | $97.1M | -6.0% | $33.1M | 34.1% | $14.7M | 15.1% |
| 2022 | $103.3M | -0.7% | $38.1M | 36.9% | $10.8M | 10.5% |
| 2021 | $104.0M | +16.8% | $39.8M | 38.3% | $26.3M | 25.2% |
| 2020 | $89.1M | +11.8% | $37.2M | 41.7% | $23.5M | 26.3% |
| 2019 | $79.6M | +5.2% | $32.2M | 40.5% | $19.4M | 24.3% |
| 2018 | $75.7M | - | $31.9M | 42.1% | $19.2M | 25.3% |
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Start ComparisonMHUA — Frequently Asked Questions
Quick answers to the most common questions about buying MHUA stock.
Is MHUA's revenue growth accelerating or slowing?
MHUA revenue declined -16.2% year-over-year, contrasting with the 5-year CAGR of +4.0%. TTM revenue fell to $184M. This reverses the prior growth trend.
What is MHUA's long-term revenue growth rate?
Meihua International Medical Technologies Co., Ltd.'s 5-year revenue CAGR of +4.0% reflects the variable expansion pattern. Current YoY growth of -16.2% is below this long-term average.
How is MHUA's revenue distributed by segment?
MHUA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.