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
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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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