Shanghai HeartCare Reports Strong Financial Turnaround

Shanghai Heartcare Medical Technology Corp. Ltd. Class H (HK:6609) has released an update.

Shanghai HeartCare Medical Technology Corporation Limited reports a 17.2% year-on-year increase in revenue for the first half of 2024, with a remarkable reduction in loss before tax by 94.1%. The company attributes its financial improvements to expanding business scale, cost control, and efficiency enhancement measures. Additionally, it’s focusing on the development and future launch of advanced neuro-interventional treatment devices, aiming to strengthen its market position in the growing Chinese healthcare sector and expand its international footprint with various products achieving CE or FDA certification.

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