October 27th news, recently, at the donation ceremony of the new campus of Dangshan Middle School in Anhui Province, Li Xiting, the richest man in Singapore and chairman of Mindray Medical , announced that he would invest 1 billion yuan to build a new campus for Dangshan Middle School .
data shows that Li Xiting’s hometown is Dangshan County, Anhui Province, and Dangshan Middle School is Li Xiting’s alma mater.
It is worth noting that this is not the first time that Li Xiting has donated to the education cause in his hometown. In 2004, Li Xiting donated more than 6 million yuan to Dangshan Middle School, Litun Primary School and others. In 2009, Li Xiting donated 1 million yuan in his personal name to build a new Mindray Hope Primary School in Tiantangzhai, Jinzhai County, Anhui Province to alleviate the local basic education conditions that are relatively weak and difficult for children to go to school. In 2010, Li Xiting once again donated 6 million yuan of education funds to Dangshan Middle School for the construction of the school library. In 2020, Li Xiting donated 106.8 million yuan to University of Science and Technology of China .
Since 2020, Li Xiting's wealth has been soaring. Forbes data shows that Li Xiting, 71, became the richest man in Singapore in 2022 with a net worth of US$15.6 billion, and this is the first of the "Singapore Rich List" for two consecutive years. However, it has shrunk by nearly one-third from the $23 billion in 2021.
In addition, Mindray Medical, the leader in domestic medical devices under Li Xiting, has also declined significantly at present. In 2020, due to the outbreak of the epidemic, Mindray Medical's ventilator, monitor and other instruments sold well in domestic and foreign markets. Mindray Medical achieved a revenue growth of 27% in 2020 and a net profit attributable to shareholders increased by 42%. However, as the epidemic gradually stabilized, Mindray Medical's revenue and net profit both fell to a growth rate of about 20% in 2021 and the first half of 2020. (Text | "Financial World" Weekly Tianyu)
