Ogilvy & Mather earned 640 million in three years and successfully met
Ogilvy Medical has long been focusing on medical and health care. Its main business is the research and development, production and sales of disposable medical consumables such as medical accessories. It provides OEM services for internationally renowned medical device brands. At present, the company's main products are divided into four series of wound and dressing care, surgery / surgery, infection protection, and combination bags.
In recent years, with the aging of the global population and the improvement of people's quality of life, patients' requirements for wound healing and comfort have also increased accordingly. The global market for medical accessories industry has grown steadily. In 2015, the global market for bandages and medical accessories reached US$18.84 billion, and is expected to reach US$31.3 billion in 2025.
In this context, Ogilvy & Mather's medical performance has increased steadily. From 2015 to 2017, the company's operating income was stable between 1.5 billion yuan and 1.8 billion yuan. The annual net profit of the mothers increased from 157 million to 234 million, and a total of 640 million yuan was earned in three years.
According to the latest prospectus, Ogilvy & Mather plans to raise 598 million yuan through IPO, of which 354 million yuan is used for the medical gauze project of Xinjiang Ogilvy Medical Textile Co., Ltd.
Ogilvy & Mather said that the main raw material of the company's products is cotton, and the procurement base is concentrated in Xinjiang and other places. The company's production base is located in Hubei, so the transportation cost is high when purchasing raw materials. The funds will be used to build self-built factories in Xinjiang, which can reduce the transportation cost of raw materials and further enhance the company's market competitiveness.
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