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TRANSTEK see a 100% YOY net profit growth in the first half of the year

by Wilfred Shah
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Transtek Guangdong

Transtek was founded in 2002, it is a top graded ODM/JDM/OEM corporationand is well known for its design and quality in producing Smart Wearable Technologies, Medically Approved Products, and Healthcare Electronic Scales.

Guangdong Transtek Medical Electronics Co., Ltd. works in digital health and fitness manufacturing. Transtek has hugely invested in R&D with emphases on the technology revolution to improve their competitive power. The companyis specializing in the research and development, manufacture, and platform for home health and electronic medical items. Its products include electronic blood glucose meter, electronic health scale, wearables, and electronic blood pressure monitor. It also deals with a smart fitness and health cloud platform which includes smart hardware assimilation servicesfor chronic disease management and sport slimming.

Now in today’s market, request for more advanced and smart solutions is rising exponentially. Transtek has been producing resources and manufacturing a “Concept-to-Volume” platform. It’s a platform aimed to deliver quality design, solutions, items, and developed services to top-scored brands all over the world for healthcare and medical products.

Transtek Operational Revenue

Transtek stated operating revenue of 265 million yuan in the 3rd quarter 2019, a year-over-year increase of 34.25 percent,the net income was 13.06 million yuan, a rise of approximately 45% year-over-year. The net income in the 1st three quarters reached approximately 25.09 million yuan, up to 43.02% increase year-over-year.

In 2020, Transtek has also enhanced its manufacture of medical devices as the epidemic prevention response. In the 1st half of the year, the organization realized the net income of 24.05 – 27.66 million yuan, up to 100% increase year-over-year.

Transtek will continue its same progress as the 1st half of the year, with the 2020 3rd quarter’s operational income predicted to reach 530 million yuan, the net income attributable to stakeholders of listed organizations was 26.12 million yuan, also see up to 100% increase year-over-year. 

Production Capacity 

Transtek manufactures three main products which are Blood Pressure Monitor, Fitness Tracker, smart scale, and Earphone with 300,000, 52,000, 300,000, 2000 pieces per month, respectively. Similarly, a wide range of capabilities to discover and produce critical and important core processes. Moreover, Transtek has done a lot of study and development in manufacturing workshops in Chine, US health equipment technology, and has skilled research members in Shenzhen and Shanghai.

The achievement behind the delivery of 90 million-plus items of health and product machinery around the world is the result of Transtek reliable assembling power, the same as the advancement capability and excellent assistance.Future, Transtek will continue to enrich the product line in the health IOT field to enhance the company’s sustainable development.

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