MICROPORT (00853) announces profit joy, expecting a net profit of no less than 20 million US dollars in 2025, turning losses into gains year-on-year.

MICROPORT (00853) announced that it is expected to reverse its loss and achieve a net profit of not less than 20 million US dollars for the year ending December 31, 2025 (for the same period: audited net loss of approximately 268 million US dollars as of December 31, 2024). The expected turnaround to profit is mainly attributed to continuous growth in revenue during this period, with overseas business revenue continuing to contribute to a high-speed growth of about 70% year-on-year; despite downward pressure on product prices due to industry policies in China, the gross profit margin is expected to increase by 2-3 percentage points year-on-year due to the implementation of cost optimization measures; continuous deepening of lean management in operations to improve operational efficiency, resulting in a year-on-year decrease of about 10-11% in operating expenses; and disposal of subsidiary companies contributing positive earnings to the Group.