Maider Medical Industry Equipment First Quarter 2024 Earnings: EPS: CN¥0.09 (vs CN¥0.11 in 1Q 2023)

Maider Medical Industry Equipment (SHSE:688310) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥74.2m (up 2.1% from 1Q 2023).
• Net income: CN¥10.5m (down 22% from 1Q 2023).
• Profit margin: 14% (down from 18% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.09 (down from CN¥0.11 in 1Q 2023).

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

Maider Medical Industry Equipment Earnings Insights

Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Medical Equipment industry in China.

Performance of the Chinese Medical Equipment industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Maider Medical Industry Equipment that you need to take into consideration.

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