China's Kindstar Globalgene H1 loss narrows after oncology testing expansion
China's Kindstar Globalgene H1 loss narrows after oncology testing expansion
Overview
China diagnostics testing firm's H1 revenue rose 3.7% yr/yr
Net loss for H1 narrowed 44.7% yr/yr as gross profit margin improved
Company cites stable core segment performance and oncology testing expansion for revenue growth
Outlook
Company did not provide specific financial guidance for future periods in press release
Result Drivers
ONCOLOGY TESTING EXPANSION - Co said rapid expansion of its oncology testing segment delivered significant incremental revenue and became a new growth engine
CORE SEGMENT STABILITY - Hematology testing, as core segment, maintained stable performance and underpinned revenue
COST CONTROL - Stringent cost control measures reduced operating expenses, supporting improved profitability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 473.60 mln |
|
H1 Net Loss Attributable |
| RMB 18.10 mln |
|
Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Aug 26 - Grand Pharmaceutical H1 revenue rises on nuclear medicine demand
Aug 25 - China's Weigao H1 profit falls 23% as price drops, competition hit margins
Aug 26 - China's Zhongzhi Pharmaceutical H1 revenue falls 10%
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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