IMIC(000516)2022-12-04 09:10Group 1: Company Overview and Development - The company focuses on health care services and the application of modern medical technology, having been listed on the Shenzhen Stock Exchange since August 9, 1993, making it the first listed company in Shaanxi Province and Northwest China [2][3] - In 2018, the company sold its wholly-owned subsidiary, Kaiyuan Commercial Co., Ltd., to Yintai Department Store Co., Ltd., successfully transforming its business strategy to focus on medical services [3] - The company operates several medical institutions, including Xi'an Gaoxin Hospital and Xi'an International Medical Center Hospital, with ongoing projects to expand its facilities [3][4] Group 2: Core Competencies - The company has established a strong brand presence, particularly with Xi'an Gaoxin Hospital, which is recognized as the first social capital-funded tertiary hospital in China [4] - It employs a group management model, ensuring efficient operations across its medical institutions with a robust management system [4] - The company has built a talented team of medical professionals, with a significant portion of its staff coming from top-tier hospitals, ensuring high-quality medical services [5] Group 3: Financial Performance - In the first three quarters of 2019, the company achieved a revenue of 673 million CNY, with a year-on-year increase of 11.67% in the third quarter, reaching 229 million CNY [5][6] - The flagship project, Xi'an International Medical Center Hospital, officially opened on September 25, 2019, which is expected to significantly enhance the company's market competitiveness and influence [5][6] Group 4: Xi'an International Medical Center Hospital - The hospital, with a total investment of 5.575 billion CNY and a construction area of 535,000 square meters, has a maximum capacity of 5,037 beds and includes eight major specialties [6][7] - As of October 2019, the hospital has achieved full coverage of municipal and provincial medical insurance, facilitating access for patients [7] - Since its opening, the hospital has seen a continuous increase in outpatient and surgical volumes, with daily outpatient visits exceeding 1,000 and inpatient numbers surpassing 500 [7] Group 5: Strategic Initiatives - The company is building a cooperative medical network with over 50 county-level hospitals in Shaanxi Province to enhance regional healthcare services [8] - It has also launched an "Internet + Healthcare" model in collaboration with Alibaba Health, which has seen significant engagement, with over 12,000 consultations by late October 2019 [8]