Workflow
熙康云医院(9686.HK)公布2025年中期业绩: 护理核心业务收入增长超40%,期内经调整净亏损进一步收窄

Core Insights - The company reported a revenue of 179 million yuan for the first half of 2025, with a significant year-on-year growth of 41.4% in nursing services, becoming a new growth engine for the business. The adjusted net loss narrowed by 25.1% to 38.4 million yuan [1] - The company operates a "city cloud hospital platform" with over 36,000 medical institutions connected, including 3,303 hospitals, marking a 24.5% year-on-year increase. The number of registered doctors and nurses also saw growth, with 147,000 doctors (up 8.0%) and 145,000 nurses (up 34.1%) [1] Nursing Services - The home nursing service segment experienced robust growth, with nursing service revenue reaching 34.62 million yuan, a substantial increase of 41.4% year-on-year. Home nursing service visits exceeded 218,000, reflecting a 53.1% increase, while nursing consultation services reached over 166,000 visits, up 12.9% [1] - The "Yujian Nursing at Home" platform in Henan province has expanded its influence, connecting with 553 medical institutions (up 41.4%) and registering 53,000 nurses (up 70.9%) with over five years of clinical experience [1] Healthcare Services - The company has optimized low-profit business units within its healthcare services, focusing on specialized operations for internet hospitals and building a digital healthcare service system. The healthcare services revenue was 69.83 million yuan, with internet medical service visits reaching 2.06 million, including 942,000 online consultations and 394,000 electronic prescriptions [2] - The health management segment generated 74.15 million yuan in revenue, a year-on-year increase of 10.5%, with service visits exceeding 205,000, reflecting a growth of 28.1% [2] Future Outlook - The company aims to enhance service efficiency and quality through continuous urban network expansion and innovation in service product matrices, laying a solid foundation for nationwide replication and accelerated profitability. The focus will be on building a national "home healthcare service" network based on the city cloud hospital platform [3]