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Stock impact report

Meihua International Medical Technologies Co., Ltd. Reports 2023 Financial Year Results [Yahoo! Finance]

Meihua International Medical Technologies Co., Ltd. (MHUA) 
Company Research Source: Yahoo! Finance
reputable manufacturer and provider of Class I, II, and III disposable medical devices with operating subsidiaries in China , today reported its financial results for the fiscal year ended December 31, 2023 . All amounts below are in U.S. dollars. Fiscal Year 2023 Financial Metrics: Revenues remained stable and decreased slightly by 6% to approximately $97.1 million for the year ended December 31, 2023 , from approximately $103.3 million for the year ended December 31, 2022 . Excluding the impact of the RMB exchange rate, revenues decreased by 1.5% compared to 2022. Gross profit was approximately $33.2 million for the year ended December 31, 2023 , compared with approximately $38.1 million for the year ended December 31, 2022 Gross margin decreased slightly to 34% for the year ended December 31, 2023 , from 37% for the year ended December 31, 2022 Income from operations was approximately $14.7 million for the year ended December 31, 2023 , compared to approximately $10.8 mil Show less Read more
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