Core Viewpoint - The company Modern Dental (03600) reported record-high revenue for the nine months ending September 30, 2025, driven by the ongoing digitalization trend in the dental industry and improved operational efficiency, despite a challenging macroeconomic environment and weak demand for dental procedures [1] Group 1: Financial Performance - Total revenue for the nine months ending September 30, 2025, reached approximately HKD 2.752 billion, an increase of about 9.2% compared to approximately HKD 2.522 billion for the same period in 2024 [1] - Total sales volume increased by approximately 29.5% to about 2.115 million units, compared to approximately 1.633 million units for the same period in 2024 [3] - The average selling price of dental products in the market was HKD 1,227 per unit, a decrease of approximately 14.9% due to the acquisition of Hexa Ceram [4] Group 2: Market Dynamics - The company is facing challenges in the Chinese market due to volume-based procurement policies and intense long-term price competition, leading to a shift in focus towards serving mid-to-high value customers for sustainable profitability [2] - The digitalization trend in the dental industry is driving strong growth in new digital products, particularly in the Australian market [3] - The company’s international production facilities in Thailand, Vietnam, and mainland China are being utilized to navigate the unprecedented international trade environment [1] Group 3: Product and Service Development - The company has seen an increase in the number of digital solutions produced, with approximately 698,000 cases produced in mainland China, Thailand, and Vietnam, representing a 24.4% increase from approximately 561,000 cases in the same period last year [4] - The sales from the acquisition of Hexa Ceram contributed approximately 456,000 units, with the company focusing on expanding its product supply, distribution, and sales network in Thailand [3]
现代牙科(03600)：前三季度收益总额约27.52亿港元 同比增加约9.2%