Meihao Medical Group (HKG:1947) expects a net loss of between 8 million yuan and 12 million yuan in the first half of 2025, down from 15.1 million yuan a year prior, an Aug. 15 Hong Kong bourse filing said.

Shares of the medical equipment manufacturer were up over 2% in Monday afternoon trading.

The firm attributed the anticipated loss to fierce competition in the local dental market, low spending on non-essential medical expenses, and higher advertising expenses.