Kangji Medical Holdings (HKG:9997) First Half 2024 Results
Key Financial Results
- Revenue: CN¥458.4m (up 14% from 1H 2023).
- Net income: CN¥285.8m (up 12% from 1H 2023).
- Profit margin: 62% (in line with 1H 2023).
- EPS: CN¥0.24 (up from CN¥0.22 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kangji Medical Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Medical Equipment industry in Hong Kong.
Performance of the Hong Kong Medical Equipment industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Kangji Medical Holdings, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.