Summary by Moomoo AI
Micro-Chung Medical Sciences Co., Ltd. (“Micro-Chung Medical”) announced on 29 January 2024 that its holding of 40.32% of Shanghai Micro-Chung Cardiac Medical Technology (“Cardiac Medical Technology”) is expected to achieve significant profit growth in 2023. Cardiac Medical Technology's revenue is expected to reach RMB117,441.55 million to RMB120,131.05 million, with year-on-year growth of 31% to 34%. Net profit is expected to reach RMB 47,464.84 million to RMB 49,249.23 million, with a year-on-year growth rate of 33% to 38%. NET PROFIT AFTER NON-RECURRING LOSSES IS EXPECTED TO GROW 33% TO 40%. Cardiac Medical Technology's product sales and terminal implantation volumes continue to grow rapidly in 2023, with new products such as Talos® and Fontus® systems being used in more than 300 hospitals and more than 3200 implants. In addition...Show More