MicroPort NeuroScientific (HKG:2172) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥761.8m (up 14% from FY 2023).
- Net income: CN¥254.2m (up 75% from FY 2023).
- Profit margin: 33% (up from 22% in FY 2023). The increase in margin was primarily driven by higher revenue.
- EPS: CN¥0.44 (up from CN¥0.25 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MicroPort NeuroScientific EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 10.0%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Medical Equipment industry in Hong Kong.
Performance of the Hong Kong Medical Equipment industry.
The company's shares are up 5.6% 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. We've done some analysis and you can see our take on MicroPort NeuroScientific's balance sheet.
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