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Public company info - Modern Dental Group Ltd. , 03600.HK
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Modern Dental Group Ltd., 03600.HK - Company Profile
Chairman Chan Kwun Fung
Share Issued (share) 962,000,000
Par Currency U.S. Dollar
Par Value 0.01
Industry Medical Equipment & Services
Corporate Profile Business Summary: The Group is principally engaged in the production and distribution of three product lines: fixed prosthetic devices, removable prosthetic devices and other devices, such as orthodontic devices, sports guards and anti-snoring devices. Performance for the year: Profit for the year ended 31 December 2019 was approximately HK$160,445,000, representing an increase of approximately HK$77,205,000 or 92.7% as compared with that of year ended 31 December 2018. The Group’s EBITDA for the year ended 31 December 2019 was approximately HK$391,544,000 (2018: HK$265,449,000), representing an increase of approximately HK$126,095,000 or 47.5% as compared with the prior year. The Group’s revenue in the year ended 31 December 2019 was approximately HK$2,399,548,000, representing an increase of approximately HK$84,081,000 or 3.6% as compared with that of the year ended 31 December 2018. Business Review： Fixed Prosthetic Devices During the year ended 31 December 2019, fixed prosthetic devices business segment recorded a revenue of approximately HK$1,682,419,000 representing an increase of approximately HK$17,962,000 as compared with the year ended 31 December 2018. This business segment accounted for approximately 71.7% of the Group’s total revenue as compared with approximately 72.5% in the year ended 31 December 2018. Removable Prosthetic Devices During the year ended 31 December 2019, removable prosthetic devices business segment recorded a revenue of approximately HK$460,099,000, representing an increase of approximately HK$8,795,000 as compared with the year ended 31 December 2018. This business segment accounted for approximately 19.6% of the Group’s total revenue as compared with approximately 19.7% in the year ended 31 December 2018. Other Devices During the year ended 31 December 2019, other devices business segment recorded a revenue of approximately HK$203,730,000, representing an increase of approximately HK$24,602,000 as compared with the year ended 31 December 2018. This business segment accounted for approximately 8.7% of the Group’s total revenue as compared with approximately 7.8% in the year ended 31 December 2018. Prospects: The Board expects the long term global demand for dental prosthetics to continue to be stable and growing due to the growing global population and the aging population, notwithstanding any short term challenges the global economy may face in 2020. The Board is of the view that through further acquisitions, continuing organic growth, joint ventures and new products, the Group will go from strength-to-strength in consolidating its status as the leading global dental prosthetic device provider. In particular, the Board is of the view that with the following strategies, the Group is expected to outperform its competitors in the industry: (i) The continued integration of MicroDental Group under new leadership that has brought in renewed energy and optimism. The Group has delivered a turnaround of MicroDental Group and delivered a net profit in 2019, which the Group will look to improve and increase in 2020. (ii) The unique global distribution network of the Group brings additional opportunities to the Group, including: (a) additional distribution and joint venture arrangements with upstream suppliers; and(b) new products, such as orthodontic devices.

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