Winner Medical: Operating profit margin is expected to increase year-on-year in 2025

Winner Medical recently stated during an institutional research that by 2025, the overall profitability of the company's two main businesses is expected to show a steady improvement. In 2024, the overall operating profit margin of the medical business is projected to be 7.6%; the operating profit margin of Cotton Era is expected to be 12.1%, continuing to rise since 2022. Looking ahead to 2025, the phase affected by public health events for the medical business has basically ended, and the destocking and capacity reduction of protective products have been completed, with the operating profit margin expected to increase year-on-year. The brand momentum of Cotton Era is rising, consumer recognition is improving, product structure is optimized, and the results of cost reduction and efficiency enhancement are significant, with a positive outlook for gross profit margin; marketing investments are becoming more precise, and management expense ratios are expected to decline, with the overall operating profit margin of the consumer goods business likely to continue to improve