Wu Guangming

CEO, Jiangsu Yuyue Medical Equipment and Supply

Real-Time Net Worth

$3.1B

As of December 2025

Age

Source

Medical equipment

Industry

healthcare

Citizenship

Biography

Wu Guangming, a prominent Chinese entrepreneur, is the founder of Jiangsu Yuyue Medical Equipment and Supply. Born to a fisherman's family, Wu's journey began in the 1990s when he co-founded the precursor to Yuyue Medical with his father. Today, Yuyue Medical has become a leading manufacturer and supplier of medical equipment, including rehabilitation machines, oxygen tanks, and diagnostic equipment. His strategic foresight led him to take the company public on the Shenzhen Stock Exchange in 2008. With a current net worth of $3.1 billion, Wu Guangming's success reflects his expertise in healthcare and medical equipment. He resides in Danyang, China, and his career highlights his entrepreneurial spirit and achievements in the medical device industry.

Wealth Over Time

Portfolio Holdings

Jiangsu Yuyue Medical Equipment and Supply

002223 (SHE)•healthcare

In-Depth Profile

Early Life

Wu Guangming's roots trace back to a fisherman's family. In the 1990s, he embarked on his entrepreneurial journey, co-founding the predecessor of Jiangsu Yuyue Medical Equipment and Supply with his father. This early venture laid the foundation for his future success.

Rise to Success

Wu Guangming's vision and business acumen propelled Jiangsu Yuyue Medical Equipment and Supply to become a major player in the medical equipment sector. The company's diverse product range includes rehabilitation machines, oxygen tanks, and diagnostic equipment. A significant milestone in his career was taking the company public on the Shenzhen Stock Exchange in 2008, a move that further solidified Yuyue Medical's market presence.

Key Business Strategies

Wu's success is attributed to his strategic focus on the healthcare industry and his ability to identify and capitalize on market opportunities. His company's commitment to research, development, and distribution of medical equipment has been central to its growth. Yuyue Medical's expansion, including the construction of new manufacturing facilities, demonstrates Wu's foresight in addressing the growing healthcare demands in China.

Philanthropy

While specific philanthropy details are unavailable in the provided search results, his overall contributions reflect a commitment to the well-being of the community.

Career Milestones

1990s

Cofounded Yuyue Medical

Co-founded the predecessor of Jiangsu Yuyue Medical Equipment and Supply with his father.

2008

Took Yuyue Medical Public

Took Jiangsu Yuyue Medical Equipment and Supply public on the Shenzhen Stock Exchange.

Controversies & Challenges

2017

Insider Trading Investigation

Wu Guangming, then president of Beijing Wandong Medical Technology and Yuwell Medical, was investigated by China Securities Regulatory Commission (CSRC) on suspicion of insider trading.

2024

Involvement in Yunnan Baiyao Probe

Wu Guangming and his son, Wu Qun, were reportedly not allowed to leave the country due to their suspected involvement in a recent corruption case of Yunnan Baiyao Group.