Core Viewpoint - The company Modern Dental (03600) reported record high revenues for the nine months ending September 30, 2025, driven by the ongoing digitalization trend in the dental industry, despite challenges in the 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 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 for the nine months ending September 30, 2025, compared to approximately 1.633 million units for the same period in 2024 [3] - The average selling price of denture products in the market was HKD 1,227 per unit, a decrease of about 14.9% due to the acquisition of Hexa Ceram [4] Group 2: Market Dynamics - The digitalization trend in the dental industry is driving consolidation, allowing the company to expand its market share and improve competitiveness [1] - The company aims to shift focus from low-margin markets in mainland China to serving mid-to-high value customers to ensure long-term sustainable profitability [2] - The sales growth in Australia reflects strong growth in new digital products driven by the digitalization trend in the dental industry [3] Group 3: Operational Developments - The company’s international production facilities in Thailand, Vietnam, and mainland China are being utilized to navigate the unprecedented international trade environment [1] - The acquisition of Hexa Ceram contributed approximately 45,600 units to sales, enhancing the company's sales and distribution network in Thailand [3] - The number of digital solutions cases produced in mainland China, Thailand, and Vietnam increased to approximately 698,000, a 24.4% increase compared to 561,000 in the same period last year [4]

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]