Summary by Moomoo AI
Shanghai Micro-Chung Medical Robots (Group) Co., Ltd. (Micro-Chung Robots) announces its annual results for the year ended 31 December 2023. The report showed that the company's revenue for the year reached RMB104.6 million, an increase of 384.2% year-on-year, mainly due to the strong post-market performance of its core product Tomedo Medical Room applications, as well as the successful promotion of orthopedic surgery robots in overseas markets. However, the company recorded a net loss of RMB1,023.5 million, an improvement from RMB1,146.3 million a year earlier, mainly due to the increase in operating income led by an increase in gross profit and a decrease in R&D expenses. The Company's net free cash flow also decreased 42% to RMB670 million from RMB1,158 million a year earlier. The Company does not purchase, sell or redeem any listed securities during the reporting period and complies with relevant laws and regulations. The Board of Directors does not recommend the distribution of a final dividend.