Summary by Moomoo AI
Qiming Medical announced its annual performance for the year ending December 31, 2024. The revenue for the year was RMB 0.471 billion, a year-on-year decrease of 4.2%; the gross profit was RMB 0.368 billion, with a gross margin of 78.1%. The commercialization profit margin significantly increased from 9.3% in the same period last year to 20.7%, demonstrating the effectiveness of the company's "profitability" strategy. Overseas revenue reached RMB 82.5 million, a year-on-year increase of 13.5%, accounting for 17.5% of total revenue.The company continues to focus on the structural heart disease field and optimize the R&D pipeline layout. The first self-expanding dry valve TAVR product, Venus-PowerX, the first balloon-expandable dry valve TAVR product, Venus-Vitae, and the pulmonary valve product, VenusP-Valve...Show More
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