MICROPORT (00853) shares declined nearly 4% again, trading 3.68% lower at HK$6.42 as of the time of writing, with a turnover of HK$36.0093 million.

In terms of news, MICROPORT recently issued a profit warning, forecasting that revenue from continuing operations for the first half of the year will grow approximately 12% to 14% year-on-year, with overseas business contributing around 140% growth. The company expects an operating net profit of no less than $24 million from continuing operations. The net loss from continuing operations for the period is expected to be no more than $50 million, compared to a loss of $49 million in the same period last year, indicating a slight widening of the loss.

It is noteworthy that the company previously accepted loan financing from multiple parties including Hillhouse Capital, while signing a bet-on agreement: from 2024 to 2026, MICROPORT is required to achieve losses not exceeding $275 million, losses not exceeding $55 million, and a profit of $90 million, respectively. According to this agreement, based on the company's first-half forecast of a net loss not exceeding $50 million, it implies that the company needs to achieve a net profit of at least $140 million in the second half to fulfill the bet target.