BRIEF: AK Medical posts big profit gain in 2024

1789.HK

Orthopedic products maker AK Medical Holdings Ltd. (1789.HK) said on Sunday it expects to report its profit last year rose more than 50% year-on-year. That means the company is likely to report a 2024 profit of at least 270 million yuan, based on the 182 million yuan ($25 million) profit it reported in 2024.

AK Medical attributed the big profit increase mostly to continued strong demand for its surgical products and a higher sales volume under China’s bulk-buying national procurement system, which has accelerated import substitution driven. It also credited its relatively stable operational and administrative costs achieved through cost control measures.

Shares of AK Medical opened up 3.8% on Monday morning at HK$4.68. The company’s shares are up nearly 20% from their low this year.

By Lau Chi Hang

To subscribe to Bamboo Works weekly free newsletter, click  here

,
,

Related Articles

RELATED ARTICLES

  1. Airdoc Tech enjoys healing properties of medical AI rally
    Airdoc Tech enjoys healing properties of medical AI rally
    2251.HK
  2. BRIEF: Shandong Gold posts double-digit profit growth in 2024
    1787.HK 600547.SHG
  3. BRIEF: Sinolink posts 2024 profit on one-time gains
    1168.HK
  4. Yan Palace flies back to profit growth as revenue sags
    1497.HK
  5. BRIEF: China Hongqiao profit nearly doubles in 2024
    1378.HK
  6. DPC Dash serves up banner 2024 topped with milestones
    1405.HK
  7. After profit plunge in 2024, Maoyan spotlights strong start to 2025
    1896.HK
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Illustration of the rebound of Chinese fintech lenders

A fintech lender rebound, and a hotel mess

Fintech lenders are entering a new golden era, with Jiayin reporting 46% growth for its core consumer lending business in last year's fourth quarter and forecasting similar gains this year. What's driving this rebound? And hotelier H World is still trying to fix a German acquisition from 2019 that wiped out its profit in the fourth quarter of last year. Will the Chinese hotelier be able to turn around this money-losing offshore asset?
JFIN.US HTHT.US