TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Meihao Medical Group Co., Ltd. ( (HK:1947) ) has provided an update.
Meihao Medical Group Co., Ltd has issued a profit warning, anticipating a net loss between RMB8.0 million and RMB12.0 million for the first half of 2025, compared to a RMB15.1 million loss in the same period in 2024. The loss is attributed to fierce competition in the dental market, economic factors leading to reduced consumer spending on non-essential medical services, and increased advertising expenses. Despite these challenges, the company maintains a healthy financial position with sufficient cash reserves and plans to explore new business directions to improve profitability.
More about Meihao Medical Group Co., Ltd.
Meihao Medical Group Co., Ltd is a company incorporated in the Cayman Islands, operating in the medical industry with a focus on dental services. The company faces intense competition in the local dental market and is impacted by economic conditions affecting consumer spending on non-essential medical services.
Average Trading Volume: 87,728
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$231.1M
For an in-depth examination of 1947 stock, go to TipRanks’ Overview page.