MODERN DENTAL(03600): The total revenue for the first three quarters is about 2.752 billion Hong Kong dollars, an increase of approximately 9.2% year-on-year.

MODERN DENTAL (03600) announced that as of September 30, 2025, during the 9 months period, supported by the ongoing digitalization trend in the dental industry, the group's multidimensional strategy and continuous improvement in operational efficiency and productivity have led to record high earnings. Despite the challenging macroeconomic environment, weak demand for dental surgeries, and uncertainties related to trade wars, the group still managed to achieve record results. By utilizing international production facilities in Thailand, Vietnam, and mainland China, the group actively responded to the unprecedented international trade environment. The continuous global digitalization trend has further driven the integration of the denture industry, allowing the group to expand its market share. Our ongoing digital transformation measures have improved customer and patient experiences, helping the group stand out from competitors and perform better than peers. The group's underlying fundamentals remain strong, and we will continue to capitalize on future opportunities. For the 9 months period ending September 30, 2025, the group's total revenue (approximately HK$2.752 billion) increased by approximately 9.2% compared to the same period ending September 30, 2024 (approximately HK$2.522 billion). Sales at our MicroDental laboratory business in North America declined due to weak demand for dental cosmetic treatments (patients can choose at their discretion) and the sluggish US economy. However, this decline was offset by the increased sales of products produced overseas using digitalization measures from mainland China and Vietnam. The Chinese mainland market faces resistance from volume procurement policies and intense price competition in the long term. This has led to mainland Chinese clinics actively promoting dental implant treatments in Hong Kong, resulting in a significant decrease in the number of Hong Kong patients seeking treatment. The group intends to move away from low-profit markets and focus on serving high-value customers to ensure the long-term sustainability of the group's business. Revenue in Australia saw an increase reflecting strong growth in new digital products driven by the digitalization trend in the dental industry. The growth in revenue from other businesses mainly resulted from the acquisition of Hexa Ceram in January 2025 contributing to sales in the Thai market. Hexa Ceram's sales and distribution network provided the group with a broad customer base in Thailand, and the group focused on further expanding and complementing its product supply, distribution, and sales network during the period. For the 9 months period ending September 30, 2025, the total number of units sold by the group increased by approximately 29.5% to about 2.115 million units (compared to approximately 1.633 million units for the same period ending September 30, 2024). Excluding the approximately 456,000 units sold by Hexa Ceram during the 9 months ending September 30, 2025, the group (excluding Hexa Ceram) saw an increase of about 1.6% in the total number of units sold to approximately 1.659 million units (compared to approximately 1.633 million units for the same period ending September 30, 2024). As of September 30, 2025, the group's revenue from approximately 45,000 digital solutions cases produced in mainland China, Thailand, and Vietnam (overseas and domestic) contributed by Hexa Ceram (compared to zero for the same period ending September 30, 2024) increased to about 698,000 cases, representing a 24.4% increase compared to the same period in 2024, due to more customers adopting intraoral scanners. For the 9 months period ending September 30, 2025, the average selling price of denture products in the group's market was HK$1227 per unit (compared to HK$1442 per unit for the same period ending September 30, 2024), a decrease of approximately 14.9%, due to the acquisition of Hexa Ceram. The average selling price of denture products in the market for the group (excluding Hexa Ceram) was HK$1474 per unit, unchanged from the same period in 2024 (HK$1442 per unit).