Rainmed Medical Reports Decreased Earnings in H1 2024

Rainmed Medical Limited (HK:2297) has released an update.

Rainmed Medical Limited reported a significant drop in revenue and gross profit for the first half of 2024, with revenues decreasing by 46.6% and gross profit by 49.9% compared to the previous year. The company also recorded a loss attributable to shareholders of RMB 41.6 million, although this reflects a 12.4% improvement from the previous year’s loss. No interim dividend will be declared as the firm continues to invest in research and development, manufacturing, and commercialization of medical instruments.

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