Shanghai United Imaging Healthcare Third Quarter 2024 Earnings: Misses Expectations

Shanghai United Imaging Healthcare (SHSE:688271) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.62b (down 25% from 3Q 2023).
• Net loss: CN¥279.0m (down by 321% from CN¥126.5m profit in 3Q 2023).
• CN¥0.34 loss per share (down from CN¥0.15 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shanghai United Imaging Healthcare Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 32%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Medical Equipment industry in China.

Performance of the Chinese Medical Equipment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Shanghai United Imaging Healthcare you should be aware of.

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