Behind the IPO of Jianxin Superconductor is the brutal reality of low-price competition in magnetic resonance
Wallstreetcn·
- The IPO application of Ningbo Jianxin Superconducting Technology Co., Ltd., a key supplier of MR core components, has been accepted, revealing insights into the profitability of MR equipment.
- The average price of superconducting products is over 1 million CNY, accounting for more than 50% of the 2 million CNY MR device price, indicating low profitability for manufacturers amid intense price competition.
- Despite a decline in revenue in 2024, Jianxin Superconducting anticipates growth with increased procurement in 2025 and plans to raise 865 million CNY for expanding production capacity.