Xin Lang Cai Jing·2026-02-26 09:52Core Viewpoint - Jinxin Eldercare Industry Group Limited is preparing for an IPO on the Hong Kong Stock Exchange, reporting a 31% year-on-year decline in net profit, with a focus on its leadership in the eldercare service market in China [1][11]. Company Overview - Jinxin Eldercare was established in 2012 and is a leader in the institutional eldercare service market, providing a range of services through a network of medical and eldercare facilities [2][15]. - The company ranks first among major players in China's institutional eldercare service industry, with an 85% occupancy rate for elderly residents with mobility impairments in medical-elderly integrated facilities [2][19]. Business Operations - Jinxin Eldercare operates 23 medical-elderly integrated facilities, offering comprehensive services including accommodation, professional care, nutritional management, social and cultural activities, medical services, rehabilitation, and on-demand services [3][16]. - The company reviews its service pricing every six months, with standard fees including bed fees, care fees, and meal fees [4][17]. Financial Performance - For the fiscal year ending December 31, 2023, Jinxin Eldercare reported revenues of RMB 488.5 million and a net profit of RMB 27.1 million, with projected revenues of RMB 604.8 million for 2024 [11][23]. - The company’s net profit for the first nine months of 2025 is estimated at RMB 26.1 million, reflecting a decline compared to previous periods [11][23]. Shareholder Structure - Jinxin Investment holds a controlling stake of 68.60% in Jinxin Eldercare, with various entities and individual shareholders involved [19][20]. Management Team - The board of directors consists of 10 members, including three executive directors: Mr. Zhong Yong (Chairman), Mr. Yan Yun (Vice Chairman), and Mr. Yuan Jingtao (CEO) [8][22].