Summary by Moomoo AI
MICROCHUN MEDICAL SCIENCES CO., LTD. (MICROCHUN MEDICAL TECHNOLOGY) ANNOUNCED ITS SUBSIDIARY SHANGHAI MICROCHUN CARDIAC MEDICAL TECHNOLOGY (CARDIAC MEDICAL TECHNOLOGY), WHICH HAS A SHAREHOLDING OF APPROXIMATELY 40.32% ON THE SCIENTIFIC BOARD OF THE SHANGHAI STOCK EXCHANGE, TO RELEASE ITS ANNUAL RESULTS REPORT 2022. Cardiac Medical Technologies achieved sales revenue of approximately $89.65 billion in 2022 and net profit attributable to its parent company owners of approximately $35.69 billion, according to the report. The company expects operating revenue in 2023 to reach $117.44 billion to $120,113 billion, up 31% to 34% year-on-year, and net profit is expected to reach $47.46 million to $49.25 billion, up 33% to 38% year-on-year. Cardiac Medical Technology's performance growth was driven primarily by new product launches, sales growth in overseas markets and the related medical demand for the growing elderly population. MICRO MEDICAL SAID IT WILL CONTINUE TO EXPAND ITS PRODUCT R&D CAPACITY TO ADDRESS THE MARKET OPPORTUNITIES BROUGHT ABOUT BY AGEING. The results announcement is unaudited and the final data will be based on the audited annual report officially disclosed by the company.