MEIHAO GROUP issues a profit warning, expecting a net loss of approximately 8 million to about 12 million in the first half of the year

MEIHAO GROUP expects a net loss of approximately 8 million to 12 million yuan in the first half of 2025, an improvement compared to the 15.1 million yuan loss in the first half of 2024. The reasons for the loss include intense competition in the local dental market, intensified price wars, increased customer development costs, a slow economic recovery leading to a reduction in non-essential medical spending by residents, as well as increased advertising expenses and adjustments in sales strategies to enhance brand awareness