Summary by Moomoo AI
MICROCHUN MEDICAL SCIENCES CO., LTD. (“MICRO CHUNG MEDICAL”) RELEASED ITS ANNUAL RESULTS FORECAST FOR THE YEAR ENDED DECEMBER 31, 2023. DESPITE ADVERSE DOMESTIC AND FOREIGN FACTORS, THE COMPANY'S SALES REVENUE ACHIEVED A YEAR-OVER-YEAR GROWTH OF MORE THAN 15%. Growth mainly came from new product promotions and market share gains in subsidiaries including Cardiac Medicine, Micro Brain Sciences, Cardiac Medicine and Micro-Startup Robotics. In addition, the Group's other major businesses and emerging businesses also achieved stable and index-driven growth. Due to the significant increase in core business revenues, as well as the implementation of cost savings measures and improved operating efficiencies, the Company expects an annual loss of not more than $580.0 million, a decrease from the same period...Show More