Beijing Airdoc Technology Co., Ltd. (A joint stock company incorporated in the People's Republic of China with limited liability) （於中華人民共和國註冊成立的股份有限公司） 2024 ANNUAL REPORT 年報 2024 CONTENTS 目錄 | Corporate Information | 2 | 公司資料 | | --- | --- | --- | | Financial Summary | 5 | 財務概要 | | Chairman's Statement | 6 | 主席報告 | | Management Discussion and Analysis | 11 | 管理層討論與分析 | | Profiles of Directors, Supervisors and | 49 | 董事、監事及高級管理層履歷 | | Senior Management | | | | Corporate Governance Report | 58 | 企業管治報告 | | En ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 年度業績公告 截至2024年12月31日止年度 Beijing Airdoc Technology Co., Ltd. 本公司董事會欣然宣佈本集團截至2024年12月31日止年度的綜合年度業績，連同2023年 同期的比較數字如下。本集團根據國際財務報告會計準則編製的於報告期的綜合財務報 表已經審核委員會審閱。 北京鷹瞳科技發展股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 於本公告內，「我們」指本公司，或如文義另有所指，指本集團。本公告所載若干金額及 百分比數字已約整，或已四捨五入至小數點後一位或兩位。任何表格、圖表或其他部分 所示總額與所列數額總和的任何差異乃因約整所致。 （股份代號：2251） – 1 – 財務概要 | | 截至12月31日止年度 | | | --- | --- | --- | | | 2024年 | 2023年 | | | 人民幣千元 | 人民幣千元 | | 收入 | 1 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 名稱： 點金系列看跌兩層區間24天結構性 存款 結構性存款（掛鈎匯率三層區間A款） Beijing Airdoc Technology Co., Ltd. 北京鷹瞳科技發展股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2251） 有關認購結構性存款之須予披露及主要交易 結構性存款的主要條款 招商銀行結構性存款 廈門國際銀行結構性存款 認購實體： 本公司、北京鷹瞳及上海鷹瞳 北京智能科技 有關認購結構性存款之須予披露及主要交易 及 截至2024年6月30日止六個月之中期業績公告的補充公告 董事會宣佈，於2022年1月14日至2024年7月4日期間，本集團認購招商銀行結構性 存款及廈門國際銀行結構性存款，以作現金及財資管理之用。截至本公告日期，本 集團已贖回所有上述結構性存款。 結構性存款的主要條款載列如下： 招商銀行結構性存款 | --- | --- | --- | |------ ...

Investment Portfolio - As of December 31, 2023, the group held several investment and financial products valued at 5% or more of the total assets, including New China Innovation Fund with an investment cost of $15 million and unrealized gains of RMB 108,437 thousand, representing 6.44% of total assets [2]. - The group also invested $14.5 million in IndexCap Med&Tech I L.P., with unrealized gains of RMB 103,058 thousand, accounting for 24.81% of total assets [3]. - There were no other significant investments disclosed during the reporting period, maintaining consistency with the 2023 annual report [4]. Investment Strategy - No realized gains or dividends were recorded from the investment and financial products during the reporting period, indicating a cautious investment strategy [3]. - The group plans to hold these investments as needed to generate stable income, closely monitoring market changes [3].

Q Airdoc鹰瞳 Beijing Airdoc Technology Co , Ltd 北京鷹瞳科技發展股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock Code 股份代號：2251 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|----------------|----------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | | | | | | | | | Interim Report | | | | | | | | | | | | | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Beijing Airdoc Technology Co., Ltd. 北京鷹瞳科技發展股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2251） 中期業績公告 截至2024年6月30日止六個月 本公司董事會欣然宣佈本集團截至2024年6月30日止六個月的未經審核簡明綜合中期業 績，連同2023年同期的比較數字如下。該等中期業績已經審核委員會及本公司核數師安 永會計師事務所審閱。 於本公告內，「我們」指本公司，及如文義另有所指，指本集團。本公告所載若干金額及 百分比數字已約整，或已四捨五入至小數點後一位或兩位。任何表格、圖表或其他部分 所示總額與所列數額總和的任何差異乃因約整所致。 – 1 – | --- | --- | --- | |----------------------------|--------------|--------------| | | | | | 財務概要 ...

Financial Performance - During the Reporting Period, the company recorded revenue of RMB75.0 million from Airdoc Eye Health, representing a year-over-year increase of 113.5% in the number of service sites covered, reaching 1,986[15]. - Revenue increased by 79.5% from RMB113.7 million in 2022 to RMB204.0 million in 2023, driven by a 200.0% increase in Airdoc Medical and a 71.9% growth in Airdoc Eye Health[48]. - The company recorded a loss of RMB145.7 million for the year ended December 31, 2023, a 20.3% reduction compared to a loss of RMB182.7 million in 2022[29]. - The gross profit for 2023 was RMB 125,133,000, compared to RMB 55,852,000 in 2022, indicating a growth of approximately 124.4%[196]. - The company reported a loss before tax of RMB 145,859,000 in 2023, an improvement from a loss of RMB 182,740,000 in 2022, narrowing the loss by approximately 20.2%[196]. Research and Development - The company was granted 87 new patents during the Reporting Period, bringing the total to 230 patents, including 108 inventions[7]. - R&D expenses decreased by 11.1% from RMB125.6 million in 2022 to RMB111.6 million in 2023, primarily due to a reduction in share-based payments[24]. - The company plans to continue investing in R&D and accelerate product innovation to lead high-quality development with technology[179]. Sales and Marketing - The company has developed a flexible and multi-channel sales and marketing strategy to cover various commercialization pathways in healthcare settings[8]. - The company’s AI-based software solutions generated significant revenue from medical institutions, including hospitals and community clinics, alongside hardware sales[20]. - The company is focused on expanding its market coverage beyond clinical departments to primary healthcare institutions and consumer health environments[183]. Corporate Governance - The Company has adopted the Corporate Governance Code to enhance management and protect shareholder interests[79]. - The Board consists of four executive Directors, including Mr. Zhang, and three independent non-executive Directors, ensuring a strong independent element in its composition[80]. - The Company emphasizes the importance of good corporate governance to enhance management and protect overall shareholder interests[79]. Product Development and Innovation - Airdoc achieved significant progress in product development, with Airdoc-AIFUNDUS (1.0) receiving certification under the European Union Medical Device Regulation (CE MDR)[148]. - The AI-FUNDUSCAMERA-P and myopia treatment products received international gold awards, recognizing the company's technological innovation capabilities[148]. - The proprietary AI-empowered retina-based deep algorithm platform positions the company as a leader in early detection and diagnosis solutions in China[183]. Market Expansion and Customer Engagement - The company provided services to 6.83 million patients, identifying 31,459 significant positive cases through AI retinal monitoring, contributing to early detection of severe conditions[178]. - The company aims to address the needs for eye health evaluation and myopia control, particularly for the younger generation, through its Airdoc Eye Health solutions[15]. - The company’s brand is highly regarded by medical experts, contributing to its growth in customer numbers and unit prices in 2023[199]. Financial Position - As of December 31, 2023, the company's current assets were RMB1,281.9 million, including cash and cash equivalents of RMB891.5 million[61]. - Current liabilities as of December 31, 2023, amounted to RMB110.2 million, with trade payables of RMB17.5 million and contract liabilities of RMB23.7 million[61]. - Non-current assets increased significantly to RMB 402,985,000 in 2023 from RMB 64,137,000 in 2022, reflecting a growth of approximately 528.5%[196].

证 券 研 究 报 告 请务必阅读免责条款 一般声明 特别声明 分析员声明 国元国际控股有限公司 香港中环康乐广场 8 号交易广场三期 17 楼 电话：(852)37696888 传真：(852)37696999 服务热线：400-888-1313 公司网址：http://www.gyzq.com.hk | --- | --- | |---------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - Revenue increased from RMB 113.7 million in 2022 to RMB 204.0 million in 2023, marking a growth rate of 79.5%[11]. - The company reported a pre-tax loss of RMB 145.859 million in 2023, an improvement from a loss of RMB 182.740 million in 2022[20]. - The annual loss attributable to equity holders of the parent was RMB 132,533,000, compared to RMB 180,003,000 in the previous year, indicating a decrease in losses[171]. - Gross profit for the same period was RMB 125,133,000, up from RMB 55,852,000, reflecting a significant improvement in profitability[171]. - The total comprehensive loss for the year ended December 31, 2023, was RMB 146,824,000, compared to RMB 182,730,000 in 2022, indicating an improvement[198]. Customer and Market Growth - The number of customers grew to 673, representing a year-on-year increase of 69.5%[4]. - The company’s active service points increased from 2,371 to 5,671, reflecting a strategic expansion in service delivery[11]. - The number of active coverage points for Airdoc-AIFUNDUS (1.0) in hospitals reached 276, a year-on-year increase of 527.3%, with testing frequency reaching 242,000, up 197.5%[53]. - The number of active grassroots medical institution points for Airdoc-AIFUNDUS (1.0) reached 1,221, a year-on-year increase of 1,271.9%, with testing frequency reaching 635,000, up 640.2%[21]. Product Development and Innovation - The company expanded its product portfolio to include myopia prevention AI products and visual training AI products, with usage reaching 890,300 times for myopia prevention and 918,400 training sessions for visual training[5]. - The company participated in the development of an expert consensus on assessing cardiovascular disease risk using AI technology based on fundus images, highlighting its innovative approach in the field[7]. - Airdoc-AIFUNDUS (1.0) received CE MDR certification in 2023, allowing entry into 27 EU member states, including Belgium, Germany, Italy, and France[28]. - The company has developed three self-owned retinal cameras that integrate AI technology, providing a comprehensive healthcare solution combining hardware and software[38]. Research and Development - Eight papers were accepted at the MICCAI 2023 conference, including one oral presentation, highlighting the company's research contributions in medical image analysis[25]. - The company developed a deep learning model for screening hyperthyroidism, marking a global first in non-invasive diagnosis using retinal imaging[74]. - The AI algorithm model developed by the company demonstrated excellent performance, with an AUC of 0.976 in internal validation and 0.86 in external validation among the elderly population[71]. - Research and development expenses decreased to RMB 111,642,000 from RMB 125,594,000, showing a reduction of 11.1%[171]. Financial Position and Assets - The company’s non-current assets increased significantly to RMB 402.985 million in 2023 from RMB 64.137 million in 2022[20]. - The company’s net asset value decreased to RMB 1,557.784 million in 2023 from RMB 1,671.362 million in 2022[20]. - Current assets totaled RMB 1,281.9 million as of December 31, 2023, with cash and cash equivalents at RMB 891.5 million[115]. - Accounts receivable increased from RMB 639 million as of December 31, 2022, to RMB 796 million as of December 31, 2023, due to faster collection from customers[91]. Strategic Initiatives - The company aims to include Airdoc-AIFUNDUS (1.0) in pricing guidelines across most provinces in China, allowing hospitals to charge patients for these services[52]. - The company plans to expand its health risk assessment solutions to include additional risks such as hyperthyroidism and Parkinson's disease[61]. - The company aims to leverage its advanced R&D capabilities to gain a competitive advantage in a market with reduced competition due to stricter regulations[54]. - The company plans to enhance its product offerings by integrating artificial general intelligence (AGI) into its services for improved patient-doctor connectivity[120]. Awards and Recognition - The company’s AI-FUNDUSCAMERA-P and myopia treatment products received special recognition at the Geneva International Invention Exhibition in April 2023, indicating strong global acknowledgment[6]. - The AI-FUNDUSCAMERA-P and myopia treatment products won a "Special Recognition Gold Award" at the Geneva International Exhibition of Inventions in April 2023[28]. Employee and Operational Metrics - As of December 31, 2023, the marketing team consists of 138 members, providing customized support throughout the product lifecycle[51]. - The group has 339 full-time employees as of December 31, 2023, an increase from 275 employees in 2022[160]. - The total salary cost for the group for the year ending December 31, 2023, was RMB 214.1 million, a slight decrease from RMB 216.0 million in 2022[141].

Our R&D expenses decreased by 18.8% from RMB69.6 million for the six months ended June 30, 2022 to RMB56.5 million for the six months ended June 30, 2023, primarily due to the decrease in employee benefits expenses as we continue to streamline corporate operations and prioritize targeted R&D activities. Our revenue increased by 120.6% from RMB37.4 million for the six months ended June 30, 2022 to RMB82.5 million for the six months ended June 30, 2023. The increase is primarily attributable to (i) a 137% yea ...