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Meihao Medical Group Co., Ltd. ( (HK:1947) ) just unveiled an announcement.
Meihao Medical Group Co., Ltd has issued a profit warning, anticipating a net loss between RMB29.4 million and RMB35.9 million for the year ending December 2024, compared to a net loss of RMB13.6 million in the previous year. The loss is attributed to decreased sales prices due to procurement policies, intensified competition, economic recovery falling short of expectations, and increased staff costs. Despite these challenges, the company maintains a healthy financial position with sufficient cash reserves and plans to explore new business opportunities.
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 is involved in implant dentistry services and faces a competitive local dental market.
YTD Price Performance: -8.11%
Average Trading Volume: 196,406
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$204.1M
For a thorough assessment of 1947 stock, go to TipRanks’ Stock Analysis page.