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智云健康(09955) - 2024 - 年度财报
2025-04-28 09:06
ClouDr Group Limited 智雲健康科技集團* (於開曼群島註冊成立的有限公司) 股份代號 : 9955 年報 2024 Annual Report 2024 * For identification purpose only (Incorporated in the Cayman Islands with limited liability) Stock Code: 9955 ClouDr Group Limited 智雲健康科技集團* 智雲健康科技集團 ClouDr Group Limited* Annual Report 年報 2024 目錄 | 公司資料 | 2 | | --- | --- | | 財務概要 | 4 | | 業務回顧與展望 | 5 | | 管理層討論及分析 | 15 | | 董事會報告 | 22 | | 董事及高級管理層 | 39 | | 其他資料 | 43 | | 企業管治報告 | 55 | | 環境、社會及管治報告 | 71 | | 獨立核數師報告 | 105 | | 綜合損益表 | 110 | | 綜合損益及其他全面收益表 | 111 | | 綜合財務狀況表 | 1 ...
全力以赴拥抱AI新时代,智云健康(09955) 战略进阶2.0
智通财经网· 2025-03-31 01:01
截至2024年12月31日,已有超2700家医院安装智云医汇SaaS,40家为中国百强医院,三级医院的渗透率 超过20%,由此可见顶尖医院对智云医汇SaaS的充分认可。 国产大模型DeepSeek的横空出世,让一股AI热浪以"中国速度"在千行百业中掀起,AI+医疗更是引起了 市场的广泛关注。 人称"女版巴菲特"的凯西·伍德在近期发布的《BigIdeas2025》报告中预测,人工智能将颠覆诊断、药物 发现和治疗,到2030年,整个行业的表现将提升几个数量级。世界经济论坛也发布报告认为,预计2024 年—2032年,AI医疗市场将以每年43%的速度增长,市场规模有望达到4910亿美元。 从药物研发到疾病诊断,再到健康管理,AI在医疗市场中的应用场景不断扩展。在行业需求不断扩张 的背景下,智云健康(09955)以中国最大的一站式慢病管理和医疗解决方案服务商进入了港股投资者的 视野。 2024年智云健康通过其领先的技术能力及全面的业务布局,持续优化业务结构,积极推进战略升级。 在"医院为先"和"P2M"这两大战略的指引下,公司院内和院外解决方案业务均实现了高质量的发展。 战略优化推动业绩韧性发展 近年来,常态化集采、 ...
智云健康(09955)年度收入达34.88亿元,毛利8.62亿元 拟出售五间子公司股权
智通财经网· 2025-03-30 12:39
智通财经APP讯,智云健康(09955)发布截至2024年12月31日止年度业绩,收入34.88亿元(人民币,下 同);毛利8.62亿元;毛利率维持稳定在24.7%,同比增长0.1个百分点。 此外,于2025年3月30日,该公司间接全资子公司杭州康晟健康管理咨询有限公司("杭州康晟")、江苏 智云健康管理有限公司("江苏智云")及上海运臻网络科技有限公司("91健康上海")与不同买方订立股份 转让协议,以转让集团一间全资子公司及四间非全资子公司的股权。出售事项符合我们的长远策略,着 重:(a)AI驱动的SaaS技术进步;及(b)丰富及变现P2M管道。出售事项如下: (1)启联医药出售事项 于2025年3月30日,杭州康晟与浙江启联医疗管理有限公司("启联医疗管理")订立股份转让协议,杭州 康晟同意出售浙江启联医药有限公司("启联医药")的55%股权,为集团于启联医药所持有的全部股权, 代价为3351.64万元。 启联医药于2024年12月31日的未经审核资产净值为6090万元。 启联医药为于2003年5月8日在中国成立的有限公司。其主要从事透过GPO(集团采购组织)渠道向中国私 立医院买卖医药产品及医疗器械。 ...
智云健康(09955) - 2024 - 年度业绩
2025-03-30 11:46
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 因依賴該等內容而引致的任何損失承擔任何責任。 (於開曼群島註冊成立的有限公司) (股份代號:9955) 截至2024年12月31日止年度的年度業績公告 及須予披露交易 智雲健康科技集團*(「本公司」,連同其子公司及併表聯屬實體,統稱「本集團」) 董事(「董事」)會(「董事會」)欣然宣佈本集團截至2024年12月31日止年度(「報告 期」)的年度業績,連同截至2023年12月31日止年度的比較數字。該等業績已經 本公司審核委員會審閱。 於本公告內,「我們」及「我們的」指本公司,倘文義另有所指,則指本集團。本 公告所載若干金額及百分比數字經過約整,或者四捨五入至小數點後一位或 兩位。任何表格、圖表或其他地方列出的總數及金額總和之間的任何差異均由 約整造成。 – 1 – 財務摘要 | | | 截至12月31日止年度 | | | | --- | --- | --- | --- | --- | | | | 2024年 | 2023年 | 變動(%) | | ...
智云健康携手浙江省图灵研究院,以AI共筑智慧医疗新生态
搜狐财经· 2025-03-26 04:37
智云健康携手浙江省图灵研究院,以AI共筑智慧医 疗新生态 3月25日,智云健康科技集团(简称"智云健康")与浙江省图灵互联网研究院(简称"图灵研究院")正式签署 战略合作协议。双方将秉持"资源共享、优势互补、协同发展" 的原则,围绕智慧医疗产学研生态体系 建设展开深度合作,共同推动数字技术与大健康产业的融合创新,打造国家级智慧医疗示范标杆,持续 推动医疗健康服务提质增效。智云健康副总裁、CGO杨文琳,图灵研究院院长傅正出席签约仪式。 来源:中国财富网 (来源:财商资讯) 智云健康深耕医疗健康产业,凭借"AI SaaS + P2M"驱动模式,充分运用DeepSeek等前沿AI技术,构建 起庞大且成熟的行业服务网络,在慢病管理、互联网医院以及医疗SaaS系统等领域积累了丰富且独到的 实践经验,对行业实际业务场景及需求有着深刻洞察。浙江省图灵互联网研究院作为省民政厅设立的民 营非企业智库机构,在前沿技术研究领域发挥着先锋引领作用,在人工智能、大数据分析、数字医疗等 领域汇聚了顶尖专家智库资源,拥有卓越的科研实力与高效的技术转化能力,致力于将前沿科研成果转 化落地,推动行业技术持续革新。双方将以此次战略合作为契机,在 ...
智云健康-AI-纪要
2025-02-21 02:39
智云健康 摘要 • 智云健康通过标准化 SaaS 产品和 AI 辅助诊疗技术,深耕医院慢病科室 CRM 系统,连接医疗物联网设备,辅助医生诊疗流程,积累大量结构化病 例数据,用于数字营销和自营品种销售,实现商业变现。 • 公司构建 MediGPT 和 MediTXGPT 两大医疗 AI 模型,前者用于人机交互, 后者用于研究,数据来源于数百万条文献指南和 2,700 多家医院 HIS 系统 对接数据,所有部署均在私有云上运行,保障数据安全。 • 智云健康提出"AI 加 P2M"模式,选择优质自营品种进行销售,旨在提高 医疗效率并改善盈利能力。目前已有达格列净片等四个 P2M 品种上市,并 为 50 个第三方品种提供数字营销服务。 • 公司通过 AI 驱动的 SaaS 平台连接医院和药店,提高医疗生态效率。院内 通过 SaaS 和 AI 支持慢病科室,院外通过轻量级 SaaS 帮助药房完成处方 药销售,AI 辅助审方确保用药安全。 • 智云健康拥有超过 10 亿张院外处方数据,仅 2024 年就产生约 3.3 亿张, 成为中国最大的院外处方系统。AI 医疗知识图谱覆盖近 2 万个药品通用名 和 20 万个实体关 ...
智云健康(09955) - 2024 - 中期财报
2024-09-25 01:23
Revenue Growth - Revenue increased by 17.9% to RMB 2,124.84 million in the first half of 2024 compared to RMB 1,802.56 million in the same period of 2023[5] - In-hospital solutions revenue increased by 20.2% to RMB 1,688.11 million in the first half of 2024 from RMB 1,404.03 million in the same period of 2023[6] - Out-of-hospital solutions revenue increased by 9.6% to RMB 436.73 million in the first half of 2024 from RMB 398.53 million in the same period of 2023[6] - P2M solutions revenue increased by 67.0% to RMB 107.91 million in the first half of 2024 from RMB 64.61 million in the same period of 2023[6] - Total revenue for the first half of 2024 reached RMB 2,124.8 million, a year-on-year increase of 17.9%[9] - P2M solutions generated total revenue of RMB 107.9 million, with a significant increase of 67.0% compared to the same period in 2023[11] - Revenue from value-added solutions increased by 34.8% to RMB 1,439.3 million[13] - Revenue increased by 17.9% from RMB 1,802.6 million in the first half of 2023 to RMB 2,124.8 million in the first half of 2024, driven by steady growth in both in-hospital and out-of-hospital solutions[22] - In-hospital solutions revenue grew by 20.2% from RMB 1,404.0 million in the first half of 2023 to RMB 1,688.1 million in the first half of 2024, primarily due to increased hospital SaaS penetration and strong growth in P2M solutions[22] - Out-of-hospital solutions revenue increased by 9.6% from RMB 398.5 million in the first half of 2023 to RMB 436.7 million in the first half of 2024, driven by increased SaaS subscriptions and new API sales[22] - Revenue for the six months ended June 30, 2024, was RMB 2,124.8 million, a 17.9% increase from RMB 1,802.6 million in the same period in 2023[68] - Revenue from the "In-Hospital Value-Added Solutions" segment increased to RMB 1,439,278 thousand in 2024 from RMB 1,067,424 thousand in 2023, a growth of 34.8%[87] - Revenue from the "Out-of-Hospital Subscription Solutions" segment rose to RMB 360,295 thousand in 2024 from RMB 297,104 thousand in 2023, an increase of 21.3%[87] - Revenue from the "Patient-to-Manufacturer (P2M)" solutions increased to RMB 107,910 thousand in 2024 from RMB 64,609 thousand in 2023, a significant growth of 67.0%[87] Profitability and Losses - Gross profit decreased by 7.7% to RMB 436.99 million in the first half of 2024 from RMB 473.57 million in the same period of 2023[5] - Operating loss improved by 33.3% to RMB 102.85 million in the first half of 2024 from RMB 154.31 million in the same period of 2023[5] - Net loss improved by 25.5% to RMB 118.94 million in the first half of 2024 from RMB 159.58 million in the same period of 2023[5] - Adjusted net loss (non-IFRS) improved by 44.1% to RMB 32.90 million in the first half of 2024 from RMB 58.86 million in the same period of 2023[5] - Net loss narrowed by 25.5% to RMB 118.9 million, with non-IFRS adjusted net loss narrowing by 44.1% to RMB 32.9 million[9] - Gross margin for P2M solutions decreased by 8.0 percentage points to 74.1%[13] - Gross profit margin decreased from 26.3% in the first half of 2023 to 20.6% in the first half of 2024, mainly due to a shift in revenue mix towards lower-margin solutions[24] - In-hospital solutions gross margin dropped from 30.2% in the first half of 2023 to 21.8% in the first half of 2024, influenced by changes in revenue mix between subscription and value-added solutions[24] - Out-of-hospital solutions gross margin improved from 12.3% in the first half of 2023 to 15.6% in the first half of 2024, driven by higher-quality growth in value-added solutions[24] - Operating loss decreased by 33.3% from RMB 154.3 million in the first half of 2023 to RMB 102.9 million in the first half of 2024, due to stable revenue growth and improved operating leverage[25] - Net loss decreased by 25.5% from RMB 159.6 million in the first half of 2023 to RMB 118.9 million in the first half of 2024, primarily due to revenue growth and operating leverage[27] - Adjusted net loss (non-IFRS measure) decreased to RMB 32.9 million in the first half of 2024 from RMB 58.9 million in the same period of 2023[28] - Adjusted net loss rate (non-IFRS measure) improved to -1.5% in the first half of 2024 from -3.3% in the first half of 2023[29] - Gross profit for the six months ended June 30, 2024, was RMB 437.0 million, a decrease of 7.7% from RMB 473.6 million in the same period in 2023[68] - Operating loss for the six months ended June 30, 2024, was RMB 102.9 million, an improvement from RMB 154.3 million in the same period in 2023[68] - Net loss for the six months ended June 30, 2024, was RMB 118.9 million, compared to RMB 159.6 million in the same period in 2023[68] - Basic and diluted loss per share for the six months ended June 30, 2024, was RMB 0.20, compared to RMB 0.29 in the same period in 2023[68] - The company reported a net loss of RMB 156,002 thousand for the six months ended June 30, 2024[76] - The company's total equity as of June 30, 2024, was RMB 1,724,707 thousand, with a net loss of RMB 115,838 thousand for the six-month period[78] - The company's total comprehensive loss for the six months ended June 30, 2024, was RMB 115,434 thousand, including other comprehensive income of RMB 404 thousand[78] - The company's basic loss per share was RMB 116 million for the six months ended June 30, 2024, compared to RMB 156 million for the same period in 2023[96] Expenses and Costs - Sales and marketing expenses decreased by 15.7% from RMB 454.9 million in the first half of 2023 to RMB 383.6 million in the first half of 2024, reflecting economies of scale and refined expense management[25] - R&D expenses increased slightly from RMB 40.4 million in the first half of 2023 to RMB 41.8 million in the first half of 2024, with the R&D-to-revenue ratio decreasing from 2.0% to 1.7%[25] - Employee costs for the six months ended June 30, 2024, were RMB 280,169 thousand, slightly down from RMB 283,592 thousand in 2023[91] - Government grants decreased to RMB 14,953 thousand in 2024 from RMB 25,068 thousand in 2023[89] - Interest income dropped to RMB 782 thousand in 2024 from RMB 1,226 thousand in 2023[89] - The company's inventory costs increased to RMB 1,663,377 thousand in 2024 from RMB 1,261,046 thousand in 2023, reflecting a 31.9% rise[93] - The company's income tax expense for the six months ended June 30, 2024, was RMB 1,829 thousand, compared to a tax benefit of RMB 1,174 thousand in 2023[94] - The company's inventory sold during the six months ended June 30, 2024, had a book value of RMB 1,663.38 million, up from RMB 1,261.05 million in the same period in 2023[101] - The company's cash outflow for the purchase of property, plant, and equipment and intangible assets was RMB 55,984 thousand for the six months ended June 30, 2024[80] - The company acquired property, plant, and equipment worth RMB 48 million in the six months ended June 30, 2024, compared to RMB 16 million in the same period in 2023[98] Cash Flow and Financial Position - Cash and cash equivalents decreased to RMB 224.2 million as of June 30, 2024, from RMB 243.4 million as of December 31, 2023[31] - Bank and other loans increased to RMB 366.0 million as of June 30, 2024, from RMB 235.0 million as of December 31, 2023[31] - The company's debt-to-asset ratio increased to 36.8% as of June 30, 2024, from 33.2% as of December 31, 2023, primarily due to increased bank loans[35] - Operating cash outflow for the six months ended June 30, 2024, was RMB 195,536 thousand, compared to RMB 54,349 thousand in the same period in 2023[80] - Net cash inflow from financing activities for the six months ended June 30, 2024, was RMB 132,863 thousand, primarily due to bank and other loan proceeds of RMB 257,925 thousand[82] - Cash and cash equivalents decreased by RMB 19,404 thousand to RMB 224,181 thousand as of June 30, 2024, compared to RMB 243,375 thousand at the beginning of the year[82] - The company's capital reserves increased by RMB 236,924 thousand due to the vesting and delivery of restricted share units during the period[78] - Non-controlling interests increased by RMB 3,793 thousand due to the acquisition of a subsidiary during the six-month period[78] - The company's investment activities resulted in a net cash inflow of RMB 43,269 thousand, driven by proceeds from the sale of financial assets at fair value through profit or loss of RMB 96,899 thousand[80] - The company's share-based payment reserve increased by RMB 79,422 thousand due to equity-settled share-based payments during the period[78] - Restricted bank deposits increased to RMB 43,329 thousand as of June 30, 2024, from RMB 23,700 thousand as of December 31, 2023, primarily due to frozen bank deposits[108] - Trade payables decreased to RMB 212,479 thousand as of June 30, 2024, from RMB 233,249 thousand as of December 31, 2023, indicating a reduction in outstanding trade liabilities[109] - Other payables and accrued expenses increased to RMB 391,814 thousand as of June 30, 2024, up from RMB 361,514 thousand as of December 31, 2023, driven by higher flexible workforce payments and other liabilities[111] - The company repurchased 2,282,700 ordinary shares at a cost of RMB 12.7 million under the post-IPO share incentive plan during the six months ended June 30, 2024[115] - Restricted share units (RSUs) granted to employees under the share-based payment plan totaled 8,801,042 shares as of June 30, 2024, compared to 7,765,000 shares in the same period in 2023[120] - The expected credit loss provision for other receivables increased to RMB 13.9 million as of June 30, 2024, from RMB 9.3 million as of December 31, 2023, reflecting higher credit risk assessments[107] - The company's issued and fully paid ordinary shares remained unchanged at 587,038,219 shares as of June 30, 2024, with a total share capital of RMB 391 thousand[114] - The company did not declare or pay any dividends for the six months ended June 30, 2024, consistent with the same period in 2023[112] - The fair value of non-listed equity instruments as of June 30, 2024, was RMB 40,000 thousand, classified under Level 3 valuation[123] - The fair value of wealth management products as of June 30, 2024, was RMB 46,740 thousand, classified under Level 3 valuation[123] - The fair value of fund management products as of June 30, 2024, was RMB 207,340 thousand, classified under Level 3 valuation[123] - A 10% increase/decrease in the fair value of non-listed equity instruments would result in a RMB 4,000,000 increase/decrease in pre-tax profit for the six months ended June 30, 2024[125] - A 0.5% increase/decrease in the weighted average expected return rate would result in a RMB 741,650 decrease/increase in pre-tax loss for the six months ended June 30, 2024[125] Business Expansion and Partnerships - The company is the largest digital chronic disease management solution provider in China based on hospital and pharmacy SaaS deployments and online prescriptions issued through its services as of December 31, 2023[8] - The number of hospitals using Zhiyun Medical SaaS reached 2,732, an increase of 74 hospitals or 2.8% compared to the same period in 2023[12] - The company signed contracts with 41 pharmaceutical companies, a 13.9% increase compared to the same period in 2023[11] - Number of hospitals deploying the company's hospital SaaS increased to 2,732, up 2.8% from 2,658[14] - Number of pharmaceutical companies collaborating on subscription solutions rose to 41, a 13.9% increase from 36[14] - Number of SKUs marketed through digital marketing services grew to 50, up 11.1% from 45[14] - Registered users reached 33.2 million, an 11.8% increase from 29.7 million[18] - Online prescriptions surged to 116.1 million, a 43.9% year-over-year growth[16] - Number of pharmacies using the company's SaaS platform increased to 228,331, covering approximately 35% of pharmacies in China[16] - The company secured an exclusive sub-license for the development and marketing of Iloprost Injection in China, targeting a market with a projected 30% CAGR over the next five years[15] - The company launched Haonuoxin® Sevelamer Carbonate Dry Suspension, addressing patient compliance issues in phosphate binder therapy[20] - The company invested RMB 200 million in Anhui Zhiyi Huiyun Technology Co., Ltd., acquiring a 4.26% stake in the subsidiary[33] - The company acquired 70% equity of Beijing Jiarun Oude Technology Co., Ltd. for RMB 9 million, contributing RMB 19.7 million in revenue and RMB 0.84 million in comprehensive profit for the period ended June 30, 2024[129] - The company entered into a contract to acquire exclusive rights for the manufacture and distribution of pharmaceutical products in China, with a commitment of RMB 178,170 thousand as of June 30, 2024[130] - The company's wholly-owned subsidiary, Hangzhou Zhiyun Huiyi Medical Technology Co., Ltd., was established on December 30, 2020[134] - Chengdu Zhiyun Internet Hospital Co., Ltd., a subsidiary of the company, was registered on June 18, 2021[134] - The consolidated affiliated entities include Hangzhou Kangming, Chengdu Zhiyun Internet Hospital, and Tianjin Zhiyun, whose financial accounts are consolidated under contractual arrangements[134] - The company's global offering includes the Hong Kong public offering and international offering as described in the prospectus[135] - The company's consolidated affiliated entity, Tianjin Zhiyun Comprehensive Clinic Co., Ltd., was established on March 26, 2021[136] Shareholder and Equity Information - Mr. Kuang, a director, holds approximately 23.14% of the company's issued shares, including 135,841,185 shares through controlled entities and direct ownership[54] - Hengtai Trust (Hong Kong) Limited holds 98,624,566 shares, representing approximately 16.80% of the company's issued share capital[58] - Data Vantage Development Limited and HaoYuan Health Limited each hold 94,571,580 shares, representing approximately 16.11% of the company's issued share capital[58] - Jeffrey Steven Yass and related entities collectively hold 31,570,783 shares, representing approximately 5.38% of the company's issued share capital[58] - Global offering proceeds amounted to approximately HKD 425.7 million, with 60% allocated to business expansion, 25% to enhancing medical knowledge and technological capabilities, 5% to strategic partnerships and acquisitions, and 10% to working capital and general corporate purposes[63] - As of June 30, 2024, the company had utilized HKD 70.4 million of the global offering proceeds, leaving HKD 215.1 million unutilized[63] - The company's trustee purchased 2,282,700 shares on the Hong Kong Stock Exchange for a total consideration of approximately RMB 12.7 million during the reporting period[64] - The company's shares are listed on the Main Board of the Hong Kong Stock Exchange[136] - The company's shares have a par value of $0.00001 per share[136] - The company's founder, executive director, chairman, and CEO is Mr. Kuang Ming[135] - The reporting period for the interim report is the six months ended June 30, 2024[136] - The last practicable date for determining certain information in the interim report
智云健康:上半年业绩稳健增长,经调整净亏损大幅收窄
华安证券· 2024-08-28 06:40
上半年业绩稳健增长,经调整净亏损大幅收窄 | --- | --- | --- | |--------------------------------------------------------------|------------|-----------------------------------------------------------------------------------------------------------------| | [Table_Rank] 投资评级:买入(维持) | | 主要观点: | | 报告日期: 2024-08-28 | | ⚫[Table_Summary] 事件: | | [Table_BaseData] 收盘价(元) | 1.36 | 2024 年上半年公司收入同比增长 17.9%至 21.25 亿元人民币,非 | | 近 12 个月最高/最低(元) | 6.85/1.30 | 国际财务报告准则(Non-IFRS)调整后净亏损收窄至 3,290 万元,同 | | 总股本(百万股) | 587 | 比大幅收窄 44.1%。 | | 流通股本(百万股) ...
智云健康(09955) - 2024 - 中期业绩
2024-08-21 14:42
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 因依賴該等內容而引致的任何損失承擔任何責任。 (於開曼群島註冊成立的有限公司) (股份代號:9955) 截至2024年6月30日止六個月 中期業績公告 智雲健康科技集團(「本公司」,連同其子公司及併表聯屬實體,統稱「本集團」) 董事(「董事」)會(「董事會」)欣然宣佈本集團截至2024年6月30日止六個月(「報 告期」)的未經審核綜合中期業績,連同2023年同期的比較數字。該等中期業績 已經本公司審核委員會審閱。 於本公告內,「我們」及「我們的」指本公司,倘文義另有所指,則指本集團。本 公告所載若干金額及百分比數字經過約整,或者四捨五入至小數點後一位或 兩位。任何表格、圖表或其他地方列出的總數及金額總和之間的任何差異均由 約整造成。 – 1 – 財務摘要 | --- | --- | --- | --- | |------------------------------|---------------------------------------- ...
智云健康:引进注射用伊洛前列素溶液,稳步布局肺动脉高压市场
华安证券· 2024-07-02 03:31
Investment Rating - The investment rating for the company is "Buy" (maintained) [1][2] Core Views - The introduction of injectable Iloprost solution marks a steady entry into the pulmonary arterial hypertension (PAH) market, which is in urgent need of effective treatment options. The domestic PAH treatment market is expected to grow rapidly in the coming years, with a projected compound annual growth rate (CAGR) of over 30% in the next 3-5 years [1][2] - The global PAH treatment market is anticipated to reach USD 11 billion by 2030, with over 5 million PAH patients in China, highlighting a significant unmet medical need [1][2] - Iloprost is an effective drug for treating PAH, with studies showing it can significantly reduce pulmonary vascular resistance and improve cardiac output. Long-term use can increase the two-year survival rate of patients to 87% [1][2] Financial Summary - Revenue projections for the company are as follows: 2024: CNY 4.827 billion, 2025: CNY 6.129 billion, 2026: CNY 7.728 billion, with year-on-year growth rates of 30.8%, 27.0%, and 26.1% respectively [2][3] - The net profit forecast for the company is as follows: 2024: -CNY 0.4 billion, 2025: CNY 0.03 billion, 2026: CNY 0.66 billion, with adjusted profits of CNY 0.45 billion, CNY 1.5 billion, and CNY 3.4 billion for the respective years [2][3] - The company's operating income for 2023 is CNY 3.691 billion, with a projected increase to CNY 4.827 billion in 2024, and a net profit of -CNY 0.327 billion in 2023, improving to CNY 0.066 billion by 2026 [3][4] Market Position and Strategy - The company effectively connects patients with the pharmaceutical industry through its P2M (Patient to Manufacturer) model, leveraging a nationwide SaaS network and digital capabilities [2][4] - The company is the largest provider of digital chronic disease management solutions in China, focusing on digitizing hospital processes and providing comprehensive lifecycle services for chronic disease patients [1][2]