川商耿福能之女掌舵，携家族企业闯关港交所，上半年营收近19亿元

Core Viewpoint - Good Doctor Cloud Medical, founded by Jiang Funeng, has submitted its IPO application to the Hong Kong Stock Exchange, marking a significant expansion of the Jiang family's business empire in the healthcare sector [1][2]. Group 1: Company Overview - Good Doctor Cloud Medical is a leading comprehensive grassroots medical empowerment platform, ranking second in China's grassroots medical empowerment service industry based on projected 2024 revenue [2]. - The company has evolved from a small herbal medicine acquisition store into a large health industry group, encompassing pharmaceutical manufacturing, commerce, and grassroots medical services [2]. - The company operates under the Jiang family, with significant ownership and management roles held by family members, including Jiang Funen, his daughter GENG Jie, and son Jiang Yuefei [3][4]. Group 2: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 were RMB 1.882 billion, RMB 3.065 billion, RMB 3.264 billion, and RMB 1.891 billion, respectively, with corresponding net profits of RMB -834,000, RMB 62.479 million, RMB 37.806 million, and RMB 35.770 million [6]. - Good Doctor Cloud Medical has achieved stable profitability in recent years, although with significant fluctuations [5]. Group 3: Family Control and Governance - The Jiang family controls approximately 66% of the voting rights through a series of agreements and shareholdings, exemplifying a typical model of Chinese family businesses [1][3]. - GENG Jie has been serving as the chairperson of the board since July 2019, overseeing the company's strategic direction and major decisions [4]. Group 4: Related Transactions and Business Relationships - The company has significant business relationships with family-controlled enterprises, which play crucial roles as clients and suppliers [7][8]. - Major clients include Sichuan Medical Trade, which accounted for 3.5% of total revenue in 2022, and other related companies that have also been among the top suppliers [7][8]. - The IPO proceeds are intended for developing national warehousing facilities, enhancing business development, and potential strategic investments and acquisitions [8].