China Medical System Holdings (HKG:867) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥7.47b (down 6.8% from FY 2023).
• Net income: CN¥1.62b (down 33% from FY 2023).
• Profit margin: 22% (down from 30% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.67 (down from CN¥0.98 in FY 2023).

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867 Products In Clinical Trials

• Phase I: 2.
• Phase II: 4.
• Phase III: 8.

867 Post-Clinical Trial Products

• Pre-registration: 8.
• Approved (during full year): 2.

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Medical System Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 7.9%.

In the last 12 months, the only revenue segment was Marketing, Promotion, Sales and Manufacturing of Pharmaceutical Products contributing CN¥7.47b. The largest operating expense was Sales & Marketing costs, amounting to CN¥2.66b (70% of total expenses). Explore how 867's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Pharmaceuticals industry in Hong Kong.

Performance of the Hong Kong Pharmaceuticals industry.

The company's shares are up 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for China Medical System Holdings that you need to take into consideration.

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