ZIBO, China – September 03, 2026 -- INTCO Medical (300677.SZ) reported revenue of 6.91 billion RMB (approximately $1.03 billion) for the six months ended June 30, 2026, up 40.61% year-on-year, as the disposable glove maker expanded annual production capacity to 107 billion units, the largest such footprint globally.
Net profit attributable to shareholders rose 17.86% to 837.3 million RMB (approximately $124.6 million). Excluding non-recurring gains and losses, adjusted net profit attributable to shareholders climbed 165.00% to 1.06 billion RMB (approximately $157.7 million).
Capacity split favors nitrile as company consolidates market position
Of the 107 billion-unit annual capacity, 74 billion units are disposable nitrile gloves and 33 billion units are disposable vinyl gloves. INTCO Medical said the scale secures its status as the world's largest disposable glove manufacturer.
Vertical integration into nitrile latex shields margins from oil price swings
The company's value chain spans nitrile latex production, R&D, core equipment manufacturing, glove production and global distribution. Through majority and other equity stakes in nitrile latex producers, INTCO Medical said it strengthens raw material supply security and mitigates the impact of international crude oil price volatility on input costs. Coordinated domestic and overseas production capacity allows the company to allocate manufacturing resources according to market demand and maintain reliable global supply.
R&D spending rises 20.6% as company pushes new synthetic glove lines
Research and development expenditure increased 20.62% to 245.9 million RMB (approximately $36.6 million) during the period. New products introduced include Syntex Synthetic Latex Gloves, a proprietary glove containing no natural latex proteins with high elasticity and puncture resistance, and Synmax Pro Exam Gloves, an upgraded vinyl glove aimed at food service and industrial applications. The company also launched labor protection gloves and household gloves to address varied application needs.
New nitrile production line spans 1.6 kilometers with 500 control points
INTCO Medical's latest nitrile glove production line extends more than 1.6 kilometers and incorporates approximately 500 control points. A precision distributed control system automatically regulates temperature and fill levels according to production conditions, reducing labor and energy requirements while maintaining stable output. Glove production yield remained above 99% during the reporting period.