Micro-Chung Medical (00853.HK) is up 1.77% today (26th), up 5.42 yuan, up 6.5%, now $5.36, up 5.3%, traded 3.3109 million shares, invested 17.6375 million yuan.
The company expects a net loss for the first half of the year to be between $0.105 billion and $0.125 billion, down 43% to 52% from the same period last year; adjusted net loss is expected to be between $65 million and $75 million, down 60% to 65%. Significantly reduced losses from commercialization of leading products, driving further market share gains, new products contributing to revenue growth, continued solid revenue growth over the period, resulting in increased gross profit; sustained focus on execution and implementation resources, significantly improved operational efficiency; and completed exits of several non-core businesses Sell and actively shut down certain R&D projects that are still in the early stages.