MicroPort NeuroScientific First Half 2024 Earnings: EPS: CN¥0.25 (vs CN¥0.11 in 1H 2023)

MicroPort NeuroScientific (HKG:2172) First Half 2024 Results

Key Financial Results

• Revenue: CN¥408.2m (up 36% from 1H 2023).
• Net income: CN¥143.5m (up 124% from 1H 2023).
• Profit margin: 35% (up from 21% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.25 (up from CN¥0.11 in 1H 2023).

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

MicroPort NeuroScientific Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are up 5.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on MicroPort NeuroScientific's balance sheet health.

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