In 2024, INTCO Medical, globally acknowledged as the leading manufacturer of latex-free disposable gloves, showcased outstanding resilience amid complex global market conditions. The company achieved impressive results that reinforced its leadership position in medical consumables and healthcare innovation. This annual report captures its financial milestones, technological breakthroughs, and sustainability initiatives, emphasizing INTCO’s dedication to advancing global health standards.

Financial Excellence: Demonstrating Strategic Strength

INTCO Medical’s financial performance in 2024 reflects its strong operational strategies and ability to adapt to shifting markets. Revenue rose to ¥9.523 billion (approximately $1.3 billion), marking a 37.65% increase compared to the previous year. Cash flow from operating activities grew to ¥1.079 billion, a remarkable 114.78% year-on-year rise, indicating strong liquidity and financial health. Meanwhile, shareholders’ equity climbed by 8.58% to ¥17.404 billion, fueled by reinvestments in production expansion and research and development. These solid results underline INTCO’s position as a financially resilient leader within the medical supply industry.

Unrivaled Manufacturing Capacity and Efficiency

As the world’s largest producer of latex-free disposable gloves, INTCO Medical operates seven strategically placed production bases across China and Vietnam. In 2024, these facilities achieved full operational capacity. Annual output reached 56 billion nitrile gloves and 31 billion PVC gloves, consolidating INTCO’s dominance in the global market. This expansive manufacturing capability ensures reliable supply to over 120 countries, supporting healthcare, industrial, and household needs by leveraging decades of technical excellence and efficient international logistics.

Innovation-Led Product Development

In 2024, INTCO Medical invested ¥398 million into research and development, with a strong emphasis on material science advancements and smart manufacturing processes. Significant innovations included the launch of eco-conscious solutions such as biodegradable nitrile gloves and EU-standard low-weight nitrile gloves, aligning with global sustainability goals. The company also introduced Dust-free clean nitrile gloves for sterile environments and syntex™ synthetic latex gloves designed for individuals with latex sensitivities.

Further expanding its product range, INTCO ventured into the rehabilitation equipment sector, introducing the E-LITE electric wheelchair and CAREFLEX nursing bed. These products integrate ergonomic features and smart technology to enhance mobility and care for aging populations. Complemented by an extensive portfolio of physiotherapy and household cleaning products, INTCO continues to address the diverse needs of medical, industrial, and consumer sectors, staying at the forefront of healthcare innovation.

Commitment to Sustainability and ESG Excellence

INTCO Medical’s dedication to sustainability and ESG practices earned significant recognition in 2024. The company achieved a WIND Rating A, an MSCI ESG Rating of BBB, EcoVadis Committed Status, and BSCI certification, underscoring its adherence to high ethical, environmental, and governance standards. These achievements position INTCO as a leader in sustainable medical manufacturing, demonstrating how corporate profitability can harmoniously coexist with environmental stewardship.

Expanding Global Presence and Brand Influence

In 2024, INTCO Medical enhanced its global footprint through a multi-channel strategy that combined trade show participation, e-commerce growth, and digital marketing initiatives. The company attended over 31 international exhibitions, promoting its range of medical gloves and rehabilitation products to a global audience. By utilizing platforms like TikTok, Facebook, and major Chinese e-commerce sites such as Tmall and JD.com, INTCO directly engaged with consumers, offering localized and personalized experiences. Additionally, it launched three specialized B2B websites focused on medical consumables, rehabilitation devices, and physiotherapy products, supported by multilingual services and data-driven marketing to enhance global reach and brand recognition.

Talent Development and Organizational Growth

Through its campus recruitment initiative, INTCO Medical welcomed more than 1,000 new graduates in 2024, injecting fresh talent into the organization. This focus on human resources ensures the company’s agility in responding to market changes and fosters a culture of continuous innovation and cross-functional collaboration, strengthening INTCO’s ability to maintain its competitive edge.

Accolades and Industry Recognition

In 2024, INTCO Medical garnered numerous awards that underscored its industry leadership and societal contributions. Honors included the Anhui Province Outstanding Private Enterprise Award, Shandong Province Top 200 Private Enterprises recognition, Huaibei City Digital Transformation Benchmark Enterprise award, and the New Quality Enterprise Golden Bull Award. These accolades, awarded at city, provincial, and national levels, celebrate INTCO’s excellence in technological innovation, sustainability, and corporate responsibility, further establishing its reputation as a reliable partner in global healthcare.

Future Outlook: Building Growth Through Synergy

Looking ahead to 2025, INTCO Medical plans to accelerate its integrated development strategy across medical consumables, rehabilitation equipment, and physiotherapy care sectors. The company aims to scale up global manufacturing, particularly in Vietnam and Southeast Asia, to meet growing international demand. By deepening the fusion of medical-grade and consumer-focused products, and leveraging data partnerships like JD Health, INTCO will develop customized solutions for home healthcare and personal wellness. Focused on technological innovation and sustainable practices, INTCO Medical is committed to shaping the future of the medical supply industry, delivering affordable, high-quality healthcare products, and contributing to a healthier, more sustainable world.