China Resources medical expected to reduce net profit to parent by 40% in the medium term

Zhitong finance and economics app news, China Resources medical (01515) announced that the Group expects that the profits of owners of the group’s parent company in the reporting period as stated in the comprehensive financial statements of the half year ended June 30, 2020 will decrease by about 40% compared with the same period in 2019. This is because the number of patients diagnosed and treated by the group’s adult hospitals during the reporting period was affected by public health events, and the overall number of inpatients and outpatients decreased About 25%, which led to a decrease in the revenue of member hospitals and a corresponding decrease in their contribution to the group’s profits.

according to the announcement, however, the board of Directors believes that the impact of public health events on the group’s business is temporary, and the number of patients receiving medical treatment has risen significantly since May 2020; the overall income of member hospitals in June 2020 will basically return to the level of the same period last year. The Board believes that the group’s business is still at an ideal stage of expansion and development.

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