Summary by Moomoo AI
Micro-Chung Medical Sciences Limited announced its annual results for the year ended December 31, 2023 with revenues of $950.7 million, an increase of 15.8% over the previous year (excluding exchange rate impact). Gross profit was $532.1 million, and the year-ago loss widened to $649.2 million. The company's equity shareholders incurred a loss of $477.6 million. Loss per share was 26.19 cents. Non-Hong Kong Financial Reporting Criteria adjusted net loss was US$434.6 million for the year, down 13.5% from last year. The company said revenue growth was mainly driven by increased market share and new product promotion, and by actively controlling costs to improve operating efficiency. In the future, we will continue to expand the domestic and foreign markets and deepen the globalization strategy.