Mocular Medical Reports 2021 Net Profit of RMB 23.56 Million, Up 28.17% Year-over-Year, Driven by Strong Growth in Product Sales

This article is sourced from: Wabei Net

Wabei.com, March 18th: Mocular Medical (832652) recently released its 2021 annual report. During the reporting period, the company achieved operating revenue of 98,157,201.59 yuan, an increase of 14.05% year-on-year; the net profit attributable to the shareholders of the listed company was 23,557,336.36 yuan, an increase of 28.17% year-on-year.

The net cash flow generated from operating activities during the reporting period was -659,164.73 yuan, and the net assets attributable to the shareholders of the listed company as of the end of 2021 were 124,923,007.02 yuan.

In 2021, the company achieved operating revenue of 98.1572 million yuan, an increase of 12.0954 million yuan compared to 86.0618 million yuan in the same period last year, representing a growth of 14.05%. Among this, commodity sales revenue was 94.0145 million yuan, an increase of 12.9286 million yuan compared to 81.0859 million yuan in the same period last year, representing a growth of 15.94%; technical service revenue was 3.6845 million yuan, a decrease of 0.7429 million yuan compared to 4.4274 million yuan in the same period last year, representing a reduction of 16.78%. The company's operating revenue increased compared to the same period last year, mainly due to the company's intensified market expansion efforts, further opening up both domestic and international markets, while new products also gradually gained momentum, leading to an increase in turnover.

The company achieved an operating profit of 26.9107 million yuan, increasing by 6.5542 million yuan compared to 20.3565 million yuan in the same period last year, representing a growth of 32.20%. The net profit was 23.1634 million yuan, increasing by 5.0858 million yuan compared to 18.0776 million yuan in the same period last year, representing a growth of 28.13%. The increase in net profit is mainly attributed to the company's increased investment in product research and development, optimization and upgrading of product functions, which enhanced the market competitiveness and gross profit margin of the products, as well as the company’s profitability.

Wabei.com资料显示，Mocular Medical is a high-tech enterprise that integrates ophthalmic big data cloud storage consultation services, medical information integration systems, and the research and development, production, sales, and service of ophthalmic digital equipment, providing users with reasonable and high-quality visual health solutions.