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Shandong Weigao Group Medical Polymer Company Limited's (HKG:1066) Market Cap Touched HK$24b Last Week, Benefiting Both Private Companies Who Own 46% as Well as Institutions
WEIGAO GROUP: NOTICE OF BOARD MEETING
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WEIGAO GROUP (01066.HK): WEIGAO Orthopedics announced a performance forecast, with a year-on-year growth of 97.49% in net profit attributable to shareholders for 2024.
Gelonghui, on February 28th, reported that WEIGAO GROUP (01066.HK) announced its performance forecast for 2024. During the reporting period, WEIGAO Orthopedics (688161.SH) achieved revenue of 1.452 billion yuan (RMB, the same below), an increase of 13.14% compared to the same period last year; the net income attributable to the parent company amounted to 221.8133 million yuan, representing an increase of 97.49% year-on-year; the net income attributable to the parent company after deducting non-recurring gains and losses was 211.7952 million yuan, a year-on-year increase of 96.29%.
The new drug development time is cut in half, diagnoses are more accurate, industry barriers are lowered... AI is transforming the Medical Industry in China.
On February 26, Deutsche Bank Analyst Cyrus Ng released a report stating that the entire Medical Industry in China, from drug development and diagnostics to Hospital management, will benefit from the AI revolution.
The wave of AI in Medical is sweeping: the potential of the macromolecule new drug market is highlighted and imaging products are "going overseas" into Emerging Markets | Focus
① Some executives from pharmaceutical companies have stated that "currently, the discovery of small molecule drugs is very challenging; finding potential molecules and structures is already quite difficult, while there is still significant potential in the discovery and design of large molecule new drugs." ② Currently, the application maturity of AI technology in the imaging field is relatively high, and relevant manufacturers have revealed that the market potential for AI imaging large models in Belt and Road Initiative Concept countries is quite extensive.
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