# Winner Medical

Winner Medical is a Corporate Investor based in Shenzhen, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Shenzhen, China
- **Region:** Asia
- **Address:** 660 Bulong Road, Longhua District, Shenzhen, China
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** winnermedical.com
- **LinkedIn:** https://www.linkedin.com/company/winner-medical

## Regulatory record

- **Reports private funds:** No

## About

Winner Medical was founded in 1991 by Li Jianquan, who has chaired the company since inception, steering it into a vertically integrated manufacturer of wound care, surgical, and infection-prevention products. The wealth originates from mass-scale production of cotton gauze, bandages, and nonwoven disposables distributed through hospital and retail channels globally. Li and his wife Ping Tse consolidate their equity through Winner Holding Limited and Glory Ray Holdings Limited, vehicles that also facilitated the company's 2018 privatization from the Shenzhen Stock Exchange and subsequent 2020 re-listing. Strategic deployment flows in two directions: operational expansion of the core manufacturing base and acquisition of supporting real assets. The company operates major production campuses including the Winner Industrial Park in Shenzhen's Longhua District and a manufacturing plant within the Texhong-Hai Ha Industrial Park in Quang Ninh, Vietnam, serving Southeast Asian supply chains. A production facility in Huanggang, Hubei further concentrates capacity for wound-care product lines. The commercial footprint extends to the Huilong Business Center, a 42nd-floor office near Shenzhen North Railway Station. These holdings reflect a commitment to direct operational control rather than financial portfolio allocation — Winner Medical procures, builds, and manages its own factories. Scale is difficult to disaggregate because investment assets and operating assets are not ring-fenced. Li Jianquan's personal net worth has placed him on multiple China rich lists, though the precise AUM attributable to investment activities is not published. The group employs a captive industrial workforce across at least four named campuses. Adjacent activities include the Winner Charity Association, which coordinates philanthropic efforts through the Guangdong Hakka Chamber of Commerce, and the JQ Library built in Li's ancestral home of Xishui County, Huanggang. The firm holds a Vice President seat in the Shenzhen Association of Medical Devices, signaling active participation in regional regulatory and trade matters. The structural differentiator is the absence of a formalized family-office chassis. Rather than segregating operating cash flows into a discrete investment entity with a mandate to diversify, Winner Medical reinvests corporate profits into tangible industrial and commercial real estate that supports its manufacturing core. This blurs the line between the family's operating company and its capital deployment, creating a succession challenge concentrated in a single, heavily operational CEO slot. The next-generation structure for splitting control of the operating business from the accumulated real estate portfolio remains undisclosed.

## Sectors

- Healthcare Services
- Industrial Tech

## Offices

- Quang Ninh, Vietnam
- Huanggang, Hubei, China

## People

- Li Jianquan — Chairman and CEO

## Questions

### Who runs investment decisions at Winner Medical?

Chairman and CEO Li Jianquan serves as the ultimate decision-maker for both operational and investment allocation. There is no known separate investment committee or external CIO. His wife Ping Tse is a significant shareholder in the holding entities, but publicly available records do not detail her formal role in capital deployment.

### Does Winner Medical deploy capital outside of healthcare manufacturing?

Yes, but the known outside deployment is concentrated in mission-aligned commercial real estate. The Huilong Business Center office and the JQ Library in Xishui County are examples of capital allocation that serve administrative, civic, or legacy functions rather than return on equity targets in a standalone asset class.

### Is Winner Medical's investment portfolio separable from its operating company?

Not in any publicly disclosed structure. Industrial campuses like the Winner Industrial Park and the Huanggang Production Base are tightly integrated with the company's manufacturing mandate. This integration makes it difficult for outside allocators to evaluate the firm as a standalone LP or deal partner.

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- [Winland Wealth Management](https://altss.com/profile/winland-wealth-management)
- [Winnetka Police and Firefighters Pension Fund](https://altss.com/profile/winnetka-police-and-firefighters-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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