Mindray Medical: Chinese Intellectual Manufacturing Going Global

11/12/2019
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Shenzhen Mindray Biomedical Electronics Co., Ltd. (hereinafter referred to as Mindray Medical) is China's largest and the world's leading medical device and solution provider. After nearly two decades of international business development, Mindray's products have been exported to more than 190 countries and regions around the world, and overseas markets have achieved considerable success. In 2018, Mindray Medical's total export value reached 4.436 billion yuan, a year-on-year increase of 27%. According to Cheng Minghe, president of Mindray Medical (stock code: 300760), as of now, the company ’s export sales have also hit record highs this year, with hundreds of export product models. He emphasized that through the hard work of government departments, streamlining administration and decentralization, the efficiency of enterprises has been greatly improved, and escorts for export clearance of products have been escorted. In the past, it took 20 to 30 days to process, and now the time is greatly reduced. , Basically within a week.

As an important part of Shenzhen's advanced manufacturing industry, Shenzhen attaches great importance to the development of the medical device industry. In 2018, the Shenzhen Market Supervision Bureau proactively served Mindray and other companies, and introduced three measures to optimize the process, improve the efficiency of sales certification processing, and vigorously support the export of medical device products to meet the company's product export needs to the greatest extent. Since the measures were introduced in 2018, the medical device export certification process has become more efficient and convenient, and has been welcomed by the industry. According to the latest statistics, in 2018, the Shenzhen medical device industry's output value increased by 13.9% year-on-year, and the export value was 14.606 billion yuan. The two core indicators have maintained the first in the country for many years. There are 58 medical device manufacturers in the city, and the total value of exports in 2018 more than doubled year-on-year.

For many years, Shenzhen has attached great importance to the development of industry, especially the advanced manufacturing industry. It insists on incremental high quality, optimized inventory, and many points of industrial transformation and upgrading have blossomed. The transformation and upgrading have achieved remarkable results. On May 10, 2019, the General Office of the State Council issued a notice to supervise and motivate the implementation of major policies and measures in 2018 that have achieved real results. Shenzhen was selected in 2018 to promote stable industrial growth and transformation and upgrading, and the implementation of technological transformation has achieved significant results. The list of places and the incentives for inspection and supervision are the only cities selected in Guangdong Province.


Why Shenzhen Mindray Medical is Favored

As a representative of Shenzhen enterprises' export revenue generation, Mindray Medical, established in 1991, handed over a dazzling transcript in 2018. In 2018, Mindray achieved revenue of 13.753 billion yuan, a year-on-year increase of 23.09%; realized profit of approximately 3.72 billion yuan, a year-on-year increase of 43.65%. In the first quarter of 2019, Mindray Medical continued its rapid growth momentum, realizing revenue of 3.9 billion yuan, a year-on-year increase of 20.69%; profit of 1 billion yuan, a year-on-year increase of 24.59%.


This achievement is achieved on the one hand due to its "daring to fight hard" on the road of independent technology research and development and innovation; on the other hand, it is inseparable from its "hard work" in the field of intelligence. Cheng Minghe believes that R & D innovation and globalization are the two major engines driving Mindray's rapid growth. Mindray invests 10% of its annual revenue in research and development. In 2018, the company's R & D investment was 1.42 billion, accounting for 10.33% of total revenue.


At present, Mindray has eight R & D centers around the world, with more than 2,200 R & D engineers. The direct return from such R & D investment ratio is that Mindray has accumulated more and more technology. As of the end of 2018, Mindray has applied for a total of 3,989 patents and authorized 2,742. The number of patents ranks first in China's medical device companies. Only with the R & D platform and innovative talents can we ensure that the company can stand on the road of continuous innovation.

In addition, Mindray also has established a number of international leading R & D professional laboratories, among which the reliability laboratory and blood cell traceability laboratory have obtained China CNAS certification, and the reliability laboratory has also passed international third-party laboratory certifications such as Intertek and SGS. At the same time, in order to ensure the systematicness and standardization of R & D innovation, Mindray has established a medical product innovation system (MPI), including business and product planning processes, product ideas and user demand management processes, product development processes based on the concept of total quality management, and technology Research process, product platform construction process and implementation of product lifecycle management electronic platform system (PLM).


Intelligent manufacturing creates a high-quality national brand

In the process of China's manufacturing industry going global, customers in the international market, especially those in developed countries, often value the standards and manufacturing standards of enterprises. This requires Chinese enterprises to have not only R & D and innovation capabilities but also intelligent Manufacturing level. Mindray's "intelligent" craftsmanship has made its mark on the global manufacturing stage.


The manufacturing of medical equipment has the characteristics of small batches and multiple varieties. Mindray uses dedicated ingenuity and extreme precision. Mindray's ability to provide a complete solution to the hospital also means it needs to meet various types of production needs. In Mindray Smart Factory, the production lines of more than 230 products need to run in real time according to demand. The high-precision characteristics of medical equipment also have extremely strict requirements for the entire manufacturing process.


Entering the production workshop of Mindray Intelligent Factory, you can see that in order to reduce human error, ensure standardized procedures, and achieve consistent production, engineers have used the Internet of Things technology based on sensors and data transmission to develop more than 6,200 different processes. Device, and every step in the production process can be traced to the source, and every detail is accurately recorded. The production of medical equipment is extremely complex in the workshop where the blood cell analyzer is produced. For example, one of these devices, called a pusher, needs to assemble more than 32,000 parts, about the sum of 100 Swiss watch parts. The roughness requirement of a blood cell separator valve of this device reaches nanometer level (about 30,000th of the diameter of hair filament), and its precision is challenging the limit of manufacture. The staff member said: "In order to ensure the precise production of precision instruments such as chippers, there are also process designers who have designed military aircraft in the engineer team to conduct design and development."


Intelligent production management, "visible" in the manufacturing process. From engineering design to logistics and warehousing, Mindray has begun an intelligent transformation of the manufacturing value chain early. According to Mindray engineers, Mindray production must first undergo a fusion of engineering and design innovation and communicate with suppliers to make predictive intervention improvements. And in this clean factory, the entire manufacturing process makes you "visible", and many large screens give you a complete overview and full control of the manufacturing process. Here, more than 1,500 sensors allow every small step in the manufacturing process to be transmitted to the management system in real time to ensure the authenticity and integrity of the production data. Here, more than 5,000 variables are counted and optimized in real time. Amazing ; Here also witnessed many miracles, the first ultrasonic equipment independently developed by China, the first completely independently developed AED, the first completely independently developed full-automatic blood cell analyzer ...

The tide stood up to Tao, and the red flag was not wet. Economic globalization is an inevitable trend of business development in the contemporary world. Shenzhen, a city of dual innovation, continues to lead the way on the road of deepening reform. As a pioneer in technological innovation and technological upgrading, Mindray, a talented and innovative gene, is the Shenzhen business card and a representative of the globalization of Chinese manufacturing. It is firmly believed that under the general trend of national policy development, more Chinese national manufacturing enterprises will "go global" in the future, and will be on the global stage, becoming the national darling and the tide of the times.