“民营营利性综合医院”明基医院启动招股，拟12月22日上市，一手认购金额5898.90港元

Core Viewpoint - BenQ Hospital is launching a global offering of approximately 67 million shares, with an expected listing date of December 22, 2023 [1] Company Overview - BenQ Hospital is a private for-profit general hospital group in mainland China, leveraging advanced hospital management experience from Taiwan [2] - The company operates two general hospitals with a total building area of approximately 400,000 square meters and 1,850 registered beds, supported by a team of over 1,000 doctors, including 35 experts from Taiwan and abroad [2] - The hospital has served over 2 million outpatient visits and performed over 22,000 inpatient surgeries in 2024, establishing itself as a quality medical service brand in mainland China [2] - BenQ Hospital has established close collaborations with leading hospitals and medical schools in China, focusing on scientific research and talent cultivation [2] Financial Overview - Revenue increased from RMB 2,336.4 million in 2022 to RMB 2,687.6 million in 2023, with a slight decrease to RMB 2,659.0 million projected for 2024 [4] - Gross margin improved from 16.4% in 2022 to 18.9% in 2023, expected to decrease to 18.1% in 2024 [4] - Net profit for the years 2022, 2023, and 2024 was RMB 89.6 million, RMB 167.5 million, and RMB 108.9 million respectively, with net profit margins of 3.8%, 6.2%, and 4.1% [4] Fundraising Purpose - The net proceeds from the global offering are expected to be approximately HKD 626 million, assuming the over-allotment option is not exercised [6] - Approximately 74.3% of the funds will be allocated for the expansion and upgrading of existing hospitals, 16% for potential investments and acquisitions, 8% for upgrading the "smart hospital" initiative, and 1.8% for working capital and general corporate purposes [6]