ZIBO, China -- August 30, 2026 -- INTCO Medical, the Chinese manufacturer that supplies disposable gloves to hospitals, restaurants and households worldwide, reported first-half 2026 revenue of RMB 6.91 billion (about $1.03 billion), a 40.61% jump from a year earlier. The company, listed as 300677.SZ, said net profit attributable to shareholders climbed 17.86% to RMB 837.3 million (about $124.6 million) for the six months ended June 30, 2026. INTCO Medical also confirmed its annual production capacity has reached 107 billion gloves, a scale the company said makes it the world's largest disposable glove producer.
Capacity Reaches 107 Billion Gloves a Year
By the end of June, INTCO Medical's annualized glove capacity totaled 107 billion pieces, split between 74 billion nitrile gloves and 33 billion vinyl gloves. Nitrile gloves are common in hospitals, clinics and labs because they resist punctures and skip the natural rubber latex proteins that can trigger allergic reactions. Vinyl gloves, cheaper to produce, remain a staple in food service kitchens and light industrial work.
Profit Growth Outpaces Revenue as One-Time Gains Fade
Strip out nonrecurring gains and losses, and the picture looks even stronger: adjusted net profit rose 165% to RMB 1.06 billion (about $157.7 million) for the first half. That growth rate far outpaced the 17.86% rise in headline net profit, pointing to stronger underlying operating performance rather than one-off accounting boosts.
New Formula Cuts Allergy Risk for Latex-Sensitive Users
INTCO Medical raised research spending 20.62% to RMB 245.9 million (about $36.6 million) during the period. Part of that funded Syntex Synthetic Latex Gloves, a proprietary glove made without natural latex proteins that still delivers the elasticity and puncture resistance associated with latex. The company also rolled out Synmax Pro Exam Gloves, a reinforced vinyl option built for food service and industrial settings, alongside new safety work gloves and household gloves.
Automated Production Line Holds Yield Above 99%
INTCO Medical's newest nitrile glove production line stretches more than 1.6 kilometers and runs on roughly 500 control points. A distributed control system adjusts temperature and liquid levels automatically as conditions shift along the line, cutting labor and energy use without slowing output. The company reported a glove yield rate above 99% for the first half of 2026.
Latex Supply Deals Cushion Raw Material Costs
INTCO Medical's operations run from nitrile latex sourcing and equipment manufacturing through to glove production and global distribution. The company holds controlling or equity stakes in nitrile latex manufacturers, a structure it said helps buffer raw material costs against swings in international crude oil prices. Coordinated domestic and international manufacturing lets the company shift production based on regional demand, according to the company.