Weigao Co., Ltd. (01066) released Shandong Weigao Orthopedic Materials Co., Ltd. (688161.SH) as of 2...
According to Zhitong Finance App News, Weigao Co., Ltd. (01066) released the performance report of Shandong Weigao Orthopedic Materials Co., Ltd. (688161.SH) for the year ended December 31, 2023, with total operating revenue of 1,284 million yuan, a year-on-year decrease of 37.61%; net profit attributable to owners of the parent company was 112 million yuan, a year-on-year decrease of 82.28%; basic earnings per share were 0.28 yuan.
During the reporting period, volume procurement of orthopedic products was implemented. Affected by the price reduction in collection, the sales price of the company's products dropped sharply, causing the company's main business revenue and gross margin to drop a lot year-on-year, which had a great impact on the company's business performance.
The year-on-year decrease in net profit due to the year-on-year decline in product ex-factory prices due to the implementation of high-value procurement of high-value orthopedic consumables in the country and discounts on purchase prices due to channel inventory compensation, which led to a decline in product sales revenue and gross margin, which led to a decrease in the company's related profit indicators.