IMIC(000516)2022-12-04 10:14Group 1: Company Overview - The company focuses on health care services and the application of modern medical technology, having been listed on the Shenzhen Stock Exchange since August 9, 1993, making it the first listed company in Shaanxi Province and Northwest China [2][3] - In 2018, the company sold its wholly-owned subsidiary, Kaiyuan Commercial Co., Ltd., to Yintai Department Store Co., Ltd., successfully transforming its business strategy to focus on medical services [3] - The company operates several medical institutions, including Xi'an Gaoxin Hospital and Xi'an International Medical Center Hospital, with ongoing projects to expand its medical facilities [3][4] Group 2: Core Competencies - The company has established a strong brand advantage, with Xi'an Gaoxin Hospital recognized nationally for its comprehensive services and advanced medical equipment [4][5] - It employs a group management model, ensuring efficient operations across its medical institutions with a well-structured governance and management system [5] - The company has built a talented team of medical professionals, with a significant portion of its staff having experience from top-tier hospitals [5][6] Group 3: Xi'an International Medical Center Hospital - The hospital, which began construction in June 2016, has a total investment of CNY 5.575 billion, covering an area of 307 acres with a maximum capacity of 5,037 beds [6][7] - Since its opening on September 25, 2019, the hospital has seen a rapid increase in outpatient and inpatient volumes, with a peak daily outpatient count of 1,300 and nearly 600 inpatients [6][7] - The hospital has implemented comprehensive insurance coverage, including municipal and provincial medical insurance [6][8] Group 4: Financial Performance - In the third quarter of 2019, the company achieved operating revenue of CNY 584.32 million, a year-on-year increase of 9.23%, with a net profit of CNY 81.15 million, up 4.91% [8] - Xi'an Gaoxin Hospital reported over 930,000 outpatient visits in 2018, a growth of 11.7%, and nearly 40,000 inpatient discharges, an increase of 8.1% [7][8] - The company is expanding its capacity with the second phase of Xi'an Gaoxin Hospital, which will add 1,000 beds, doubling its current capacity [8] Group 5: Future Developments - With the opening of Xi'an International Medical Center Hospital and the upcoming completion of the second phase of Xi'an Gaoxin Hospital, the total bed capacity across the three major medical facilities will increase to 8,337 [9] - The company aims to enhance its medical service network and solidify its position as a leading healthcare provider in Northwest China [9]