Financial Performance - As of June 30, 2023, the net cash generated from operating activities was RMB 113.6 million, primarily driven by a net profit of RMB 48.7 million[9]. - The company's net profit for the current period is RMB 48,729,232.07, an increase of 10.3% compared to RMB 44,220,737.73 in the previous period[88]. - Revenue for the current period is RMB 176,204,799.00, down 5.9% from RMB 185,800,099.09 in the previous period[89]. - The total comprehensive loss for the period was RMB 8,676,844.29, contrasting with a total comprehensive income of RMB 1,835,676.60 in the previous year[118]. - The net loss for the six months ended June 30, 2023, was RMB 8,676,844.29, compared to a net profit of RMB 1,835,676.60 for the same period in 2022, reflecting a significant decline in profitability[117]. Employee Compensation and Workforce - The total employee compensation, including salaries and other benefits, amounted to approximately RMB 291.5 million for the six-month period ending June 30, 2023, compared to RMB 245.3 million for the same period in 2022, reflecting an increase of 18.8%[16]. - As of June 30, 2023, the group had a total of 4,652 employees, an increase from 4,381 employees as of December 31, 2022, indicating a growth of 6.2%[16]. Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 2,744,232,688.19, an increase from RMB 2,637,787,406.99 as of December 31, 2022, representing a growth of approximately 4.05%[76][78]. - Total liabilities amounted to RMB 1,361,682,980.62, compared to RMB 1,311,884,788.16, showing an increase of approximately 3.8%[78]. - Current liabilities totaled RMB 447,512,463.78, increasing from RMB 379,289,146.65, indicating a rise of about 18.0%[112]. - Long-term borrowings decreased to RMB 352,830,000.00 from RMB 391,010,000.00, a reduction of about 9.8%[78]. Cash Flow - The cash outflow from changes in working capital was RMB 33.5 million during the reporting period[9]. - Cash flow from operating activities is RMB 53,706,408.36, a significant improvement from a negative cash flow of RMB -70,878,195.20 in the previous period[96]. - Cash flow from investment activities resulted in a net outflow of RMB 119,121,752.63, an improvement from a net outflow of RMB 164,454,134.91 in the previous period[121]. - Cash flow from financing activities generated a net inflow of RMB 9,790,257.54, down from RMB 194,881,073.75 in the prior period, indicating a decrease in financing activity[121]. Share Capital and Dividends - The company plans to issue a maximum of 2,460,000 shares under the equity incentive plan, representing 3.30% of the total share capital as of the mid-term report date[50]. - The company anticipates that the proposed interim dividend will be distributed no later than November 30, 2023, pending shareholder approval at the upcoming extraordinary general meeting[62]. - As of June 30, 2023, the company had issued a total of 74,600,300 shares, consisting of 55,260,000 domestic shares and 19,340,300 H shares[44]. Governance and Compliance - The company has adopted the standard code as the code of conduct for securities trading by its directors and supervisors, ensuring compliance from January 1 to June 30, 2023[59]. - The company aims to enhance its corporate governance structure and establish a long-term incentive mechanism to attract and motivate professional management talent[48]. - The company has maintained consistent accounting policies in its mid-term financial statements compared to those used in the 2022 annual financial statements[60]. Investments and Financial Assets - The balance of other non-current financial assets remained stable at RMB 631 million as of June 30, 2023, unchanged from December 31, 2022[6]. - The company's long-term equity investments were valued at RMB 762,632,193.31, an increase from RMB 741,962,585.53, indicating a growth of about 2.8%[81]. - The company has not authorized any significant investments or acquisitions of capital assets as of the date of this interim report[11]. Taxation and Regulatory Matters - The company’s tax rates include a corporate income tax rate of 15% for Wenzhou Kangning Hospital Co., Ltd. and Zhejiang Jieling Health Technology Co., Ltd., and 20% for Yiwu Kangning Hospital Management Co., Ltd.[198].
康宁医院(02120) - 2023 - 中期财报