VerityRank
Winner Medical Co., Ltd., headquartered in Shenzhen, China,
Brand & Manufacturer VerifiedChina

Winner Medical Co., Ltd., headquartered in Shenzhen, China,

GEM

Winner Medical Co., Ltd., headquartered in Shenzhen, China, is a world-leading manufacturer of medical consumables and health-focused consumer goods. Listed on the Shenzhen Stock Exchange Growth Enterprise Market (GEM) with stock code 300888, the company centers on cotton, specializing in Personal Protective Equipment (PPE) under its flagship "Winner Medical" brand, offering medical protective gowns, N95 respirators, surgical wear, and advanced wound care. Holding patented spunlace non-woven fabric technology, the company achieves vertical integration from raw cotton to finished products. With estimated 2025 revenue of RMB 11 billion, it serves over 110 countries and employs 15,600+ people. Through acquisitions (GRI in the U.S.) and new facilities in Vietnam, Winner Medical builds a global supply chain, setting high technical barriers with its medical-grade quality in PPE.

Strengths: Winner Medical's core strengths lie in its patented cotton spunlace non-woven fabric technology, ensuring superior PPE material control and cost efficiency; its acquisition of GRI and expansion into Vietnam create a resilient global production network; leveraging its medical heritage, it successfully extends into consumer markets (Purcotton), forming a unique dual-driver model integrating healthcare and lifestyle products.

Weaknesses: Winner Medical's main weaknesses include short-term losses from domestic retail channel optimization and margin sensitivity to cotton price fluctuations; its overseas operations face geopolitical and tariff risks, requiring diversified bases like Vietnam; in consumer segments, it confronts fierce competition with less fashion appeal and narrower product variety compared to dedicated lifestyle brands.
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ChinaFounded 199115.6K+$1.53BMajor production bases in… / 100
Listed onSZSE300888
Last updated: November 2026·By VerityRank Research Team·Methodology

Listed market data

300888 · SZSE · weeklyHistory →
Market cap
$2.6 B
Share price
CNY 30.66
1Y change
-27.8%
Recent change
+2.9%

11-02 → 11-03

Since first close
-19.9%

from 2025-09

Revenue (TTM)
$1.53B (¥10.95B, FY2025)
· updated 2026-11-03

Financial history

Full market history
CNY 0$0CNY 10$1.0 BCNY 20$2.0 BCNY 30$3.0 BCNY 40$4.0 B2025-122026-012026-022026-032026-042026-052026-062026-072026-082026-092026-102026-11
MonthCloseMarket capChange
  • 2026-11CNY 30.66$2.6 B+5.5%
  • 2026-10CNY 29.05$2.5 B-0.7%
  • 2026-09CNY 29.25$2.5 B-0.7%
  • 2026-08CNY 29.45$2.5 B-4.0%
  • 2026-07CNY 30.67$2.6 B+9.6%
  • 2026-06CNY 27.99$2.4 B-4.5%
  • 2026-05CNY 29.30$2.5 B-6.5%
  • 2026-04CNY 31.34$2.7 B-5.1%
  • 2026-03CNY 33.02$2.8 B-7.5%
  • 2026-02CNY 35.71$3 B+0.9%
  • 2026-01CNY 35.40$3 B-6.4%
  • 2025-12CNY 37.84$3.2 B—
Monthly closes · 2025-12 – 2026-11 · Full market history

Ownership & Control

Latest available filings
Controlling entity
Publicly held — no controlling shareholder disclosed
Company type
Brand & Manufacturer
Insiders
—
Institutions
—
Free float
—

Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.

In the press

All coverage →5 latest headlines3
Headlines aggregated from public feeds. Sentiment tags are keyword-based, not editorial judgement.

Winner Medical Co., Ltd. is a vertically integrated Chinese manufacturer headquartered in Shenzhen, Guangdong, established in 1991 and listed on the Shenzhen Stock Exchange (SZSE: 300888). The company operates under a unique dual-brand strategy, with Winner Medical focusing on medical supplies and Purcotton () serving the consumer goods market. With approximately 15,642 employees and eight major production bases strategically located across Shenzhen and Hubei Province, Winner Medical has established strong vertical integration from cotton procurement to finished product manufacturing. The company is recognized for its proprietary cotton spunlace non-woven fabric technology and serves both domestic and international markets with its comprehensive product portfolio.

Core Business

Winner Medical operates two distinct business segments delivering strong market performance. The Medical Supplies segment under Winner Medical brand represents the core business, featuring comprehensive Protective Function Products including medical isolation gowns, surgical gowns (available in both disposable and reusable options), biological hazard suits, and cleanroom garments. The company excels in Respiratory Protection with flagship products including KN95/N95 respirators, medical surgical masks, PM2.5 protective masks, and flat masks, alongside advanced wound dressings for medical applications. The Consumer Goods segment under Purcotton brand covers baby apparel, women's fashion, underwear, and sustainable cotton-based products, while the PurH2B () brand provides additional lifestyle offerings. The company maintains its vertically integrated model covering R&D, production, and sales while providing OEM/ODM contract manufacturing services for international brands.

Global Presence

Winner Medical operates eight major production bases across Shenzhen and Hubei Province, providing substantial manufacturing capacity for both medical and consumer product lines. The company's vertically integrated supply chain extends from cotton procurement through to finished product manufacturing, with proprietary cotton spunlace non-woven fabric production capabilities. Winner Medical serves international markets through its OEM/ODM services for global brands while maintaining strong domestic market presence through its retail networks and e-commerce platforms.

Key Strengths

Winner Medical's competitive advantages stem from its unique combination of medical-grade manufacturing expertise and consumer brand equity. The company's proprietary cotton spunlace non-woven fabric technology provides a sustainable and high-quality raw material foundation for both medical and consumer products. With 15,642 employees and eight production bases, the company maintains substantial operational scale while preserving supply chain control. The dual-brand strategy successfully bridges medical professionalism with consumer accessibility, with Purcotton becoming a recognized leader in China's sustainable cotton products market. The company's listing on SZSE provides capital market access for continued expansion and technological development.

VerityRank Score

Winner Medical achieves a VerityRank Score of 86/100, reflecting its dominant position in surgical consumables and advanced wound dressings, solid revenue growth, and expanding global manufacturing footprint.

Quick Facts

Headquarters

Shenzhen, Guangdong, China

Founded

1991

Employees

15.6K+

Revenue

$1.53B (¥10.95B, FY2025)

Market cap

$2.6 B

Factories

Major production bases in Huanggang (Hubei) and Shenzhen; expanding overseas in Vietnam and Dominican Republic

Presence

110+ Countries

Listing

Publicly Listed

Categories
Textile & ApparelBiopharmaceuticalMedical Protective Clothing IndustryMen's Bottoms IndustryMen's Clothing IndustryMen's Outerwear IndustryMen's Sportswear IndustryMen's Tops IndustryPersonal Protective Equipment(PPE)CompaniesPersonal Protective Equipment(PPE)ManufacturersProtective Products & Technical Textiles CompaniesProtective Products & Technical Textiles SuppliersMedical Consumables & Diagnostic Reagents Companies

13 categories · scroll for more

Related

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: SZSE : 300888 , Winner Medical Official Website
Winner Medical FY2025 Annual Report
Winner Medical 2025 Performance Analysis
Wikipedia: Winner Medical