On the 21st of October, CareRay published its financial results for Q3 2021. These show that sales growth turned negative during the quarter following break-neck sales growth in H1 2021. Quarterly sales reached CNY 73.7m, compared with CNY 106.1m in Q3 2020, a decrease of approximately -31% year-on-year. This took cumulative 2021 sales to CNY 250.9m, compared with CNY 228.9m in 2020, an increase of approximately +10% year-on-year.
In H1 2021, detector product sales accounted for approximately 97% of total company revenues, with approximately 49% originating from customers based in China and 51% from exports.
Prerequisite Market Intelligence 