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2297 — Rainmed Medical News Story

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China's Rainmed Medical H1 revenue rises, net loss narrows

China's Rainmed Medical H1 revenue rises, net loss narrows


Overview

  • China medical device maker's H1 revenue rose 41% yr/yr, driven by caFFR system sales

  • Net loss attributable to shareholders narrowed to RMB22 mln, reflecting ongoing R&D and commercialization costs

  • No interim dividend declared for the period


Result Drivers

  • caFFR SYSTEM SALES - Revenue growth was mainly driven by sales of FlashPressure caFFR pressure transducer

  • NEW PRODUCT CONTRIBUTION - Coronary artery cutting balloon product began contributing to revenue, aided by inclusion in national centralized bulk procurement scope

  • ONGOING EXPENSES - Net loss was mainly attributable to ongoing expenses for research and development, manufacturing and commercialization


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 14.70 mln

H1 Net Loss Attributable

RMB 22 mln


Reuters Recommended Reads

  • Aug 31 - China's HeartCare Medical H1 revenue surges on stroke segment growth

  • Aug 31 - China's CANbridge Pharmaceuticals H1 revenue rises on Hunterase and Livmarli strength

  • Aug 28 - China's Ocumension Therapeutics H1 revenue surges on higher ophthalmic product sales


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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