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2192 — Medlive Technology News Story

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Medlive Technology half-year revenue rises 1% on customer base expansion

Medlive Technology half-year revenue rises 1% on customer base expansion


Overview

  • China medical digital services provider's half-year revenue rose 1% yr/yr

  • Gross profit and non-HKFRS adjusted net profit both increased modestly yr/yr

  • Precision marketing and corporate solutions remained main revenue driver


Outlook

  • Company did not provide specific financial outlook


Result Drivers

  • PRECISION MARKETING - Precision marketing and corporate solutions remained the main revenue driver, accounting for over 93% of revenue and growing 1.1% yr/yr

  • CUSTOMER BASE EXPANSION - Number of healthcare customers in precision marketing and corporate solutions rose to 217 from 191 yr/yr

  • TECHNOLOGICAL ENHANCEMENTS - Co continued to iterate its proprietary medical AI tools and platform, aiming to improve information retrieval and user engagement


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 315.20 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the advertising & marketing peer group is "buy."

  • Wall Street's median 12-month price target for Medlive Technology Co Ltd is HK$11.40, about 49% above its August 27 closing price of HK$7.65

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Aug 27 - Huawei plans for more AI pharma tie-ups, says healthcare president

  • Aug 28 - China's Tigermed Consulting H1 revenue rises amid clinical demand recovery

  • Aug 27 - Jinhai Medical Technology H1 revenue jumps on China strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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