MEDBOT-B shares surge 6% on first half-year profit fueled by surgical robot revenue growth

Stock News08-04

MEDBOT-B (02252) shares jumped over 6% in early trading, last changing hands at HK$22.60, with turnover reaching HK$101 million. The stock is up 6.3% at the time of writing.

On the news front, the company recently issued a profit alert, expecting a net profit of between 28 million yuan and 40 million yuan for the first half of the year, compared to a loss of 115 million yuan in the same period last year. This marks the company's first half-yearly profit. Revenue is expected to rise by approximately 200% to 230%, calculated to be between 527 million yuan and 580 million yuan. The company's key product, the Toumai surgical robot, saw overseas revenue increase by more than 450%, while the overall gross margin improved by over 15 percentage points.

Public information shows that MEDBOT-B's flagship systems, including Toumai and Honghu, have received market approval in regions such as China and the European Union. In a research note, UOB Kay Hian stated that MEDBOT-B is pioneering the development of 5G-powered remote surgery and integrating AI functions to enhance surgical precision and outcomes. Leveraging the extensive global network of its parent company, MicroPort Scientific, the company has entered over 60 countries, posing a challenge to major international competitors.

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