Sinohealth Technology Holdings SEHK 2361 Margin Compression Challenges Bullish Healthcare Digitalization Narrative
Publish Date: 2026-03-28 17:54:00
Source Domain: simplywall.st
Sinohealth Technology Holdings (SEHK:2361) has put fresh numbers on the table for FY 2025, reporting first half revenue of ¥147.9 million, basic EPS of ¥0.06 and net income excluding extra items of ¥24.7 million. These figures sit against a trailing 12 month picture that includes a 22.3% net profit margin and lower earnings versus the prior year. Over recent reporting periods the company has seen revenue move from ¥159.5 million in 1H 2024 to ¥244.2 million in 2H 2024 and then to ¥147.9 million in 1H 2025. Basic EPS shifted from ¥0.10 to ¥0.17 and then to ¥0.06, alongside trailing 12 month EPS of ¥0.21 and net income of ¥93.4 million. Investors are now weighing this earnings update through the lens of compressed margins and a mixed profitability trend.
See our full analysis for Sinohealth Technology Holdings.
With the latest figures reported, the next step is to see how these results line up with the prevailing stories around Sinohealth Technology Holdings and where the numbers start to challenge or support those views.
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SEHK:2361 Earnings & Revenue History as at Mar 2026
Margins Slip From 27.4% To 22.3%
- Over the last 12 months, net profit margin was 22.3%, compared with 27.4% the prior year, alongside trailing net income of ¥93.4 million and basic EPS of ¥0.21.
- Critics highlight that this margin compression leans toward a bearish view, yet the data creates a more mixed picture:
- The five year compound earnings growth rate of 9.8% a year sits beside the recent year on year earnings decline, so longer term growth and recent pressure are pulling in opposite directions.
- Trailing earnings are described as high quality even as the margin moved lower, which challenges a bearish take that weaker margins automatically mean weaker underlying profitability.
Half Year Profit Swings Stand Out
- Net income excluding extra items moved from ¥41.7 million in 1H 2024 to ¥69.0…
