Shanghai Medicilon Third Quarter 2024 Earnings: CN¥0.44 loss per share (vs CN¥0.41 loss in 3Q 2023)

Shanghai Medicilon (SHSE:688202) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥280.3m (down 9.8% from 3Q 2023).
• Net loss: CN¥58.4m (loss widened by 14% from 3Q 2023).
• CN¥0.44 loss per share (further deteriorated from CN¥0.41 loss in 3Q 2023).

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

Shanghai Medicilon Earnings Insights

Looking ahead, revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Life Sciences industry in China.

Performance of the Chinese Life Sciences industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Shanghai Medicilon that we have uncovered.

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