HK Stock Market Move | MICROPORT (00853) fell nearly 4% again, with a mid-term loss of up to 50 million USD. To meet the earnings target, it needs to make 140 million USD in the second half of the year.

MICROPORT (00853) fell nearly 4% again, currently down 3.68% at HK$6.42, with a transaction volume of HK$36.09 million. In terms of news, MICROPORT recently released a performance forecast, expecting a year-on-year increase of approximately 12% to 14% in revenue from its continuing operations for the first half of the year, with overseas business contributing about 140% growth; the continuing operations are projected to achieve an operating net profit of no less than $24 million. The net loss for the continuing operations is expected to be no more than $50 million, compared to a loss of $49 million in the same period last year, indicating an increase in the loss amount. It is noteworthy that the company previously accepted loan financing from multiple parties, including Hillhouse Capital, while signing a performance commitment agreement: between 2024 and 2026, MICROPORT is required to achieve a loss of no more than $275 million, a loss of no more than $55 million, and a profit of $90 million. According to this agreement, based on MICROPORTs forecasted net loss of no more than $50 million for the first half of the year, it means that a net profit of at least $140 million must be achieved in the second half of the year to meet the performance commitment.