Meihao Medical Group Co., Ltd. (HK:1947) has released an update.
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Meihao Medical Group Co., Ltd. warns of an anticipated net loss between RMB13.2 million to RMB16.2 million for the first half of 2024, attributing the loss to increased staff costs, weakened economic conditions in China affecting their dentistry services, and higher spending on advertising. Despite the expected loss, the company maintains a solid financial position with adequate cash reserves and is focused on business expansion in the upcoming six months. Shareholders and potential investors are cautioned to be prudent when dealing in the company’s shares.
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