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Modern Chinese Medicine Group Co., Ltd.'s (HKG:1643) Shares Bounce 33% But Its Business Still Trails The Market
Earnings Troubles May Signal Larger Issues for Modern Chinese Medicine Group (HKG:1643) Shareholders
MODERN CHI MED: ANNUAL REPORT 2023
Have Insiders Sold Modern Chinese Medicine Group Shares Recently?
Modern Chinese Medicine Group (01643.HK) profit before tax fell 45.1% to 68.3 million yuan in 2023
Gelonghui March 22 | Modern Chinese Medicine Group (01643.HK) announced that for the year ended December 31, 2023, the Group recorded revenue of approximately RMB 344.1 million in 2023, a decrease of approximately RMB 55.6 million or 13.9% compared with the fiscal year ending 2022. The decline in revenue was mainly due to changes in government policies, which led to a decrease in orders from dealers. Profit before tax decreased by about 45.1% from about RMB 124.3 million in 2022 to about RMB 68.3 million as of 2023, mainly due to changes in government policies, the decrease in dealer orders
MODERN CHI MED: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2023
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