Meihao Medical Reports Increased H1 Losses

Meihao Medical Group Co., Ltd. (HK:1947) has released an update.

Meihao Medical Group Co., Ltd has reported a significant increase in loss before tax to RMB 14,432,000 for the first half of 2024, compared to a loss of RMB 2,751,000 in the same period last year. Revenue slightly decreased from RMB 34,985,000 to RMB 33,797,000, and the company faced higher costs of sales and administrative expenses. These financial results reflect challenges the company is facing in maintaining profitability.

For further insights into HK:1947 stock, check out TipRanks’ Stock Analysis page.