Tongce Medical's net profit of 351 million yuan in 2021H1 surged by 141% year-on-year, and the number of outpatients in the province increased

Author: Sheep of Utah

Performance Overview

On August 9, Tongce Medical announced its financial report for the first half of 2021.
In 2021H1, Tongce Medical's business continued to maintain steady growth.
The dental medical service business area reached 170,000 square meters, 2,101 dental chairs were opened, and the number of dental medical outpatient visits was 1,343,700.
Operating income was 1.
317 million yuan, an increase of 74.
81% over the same period of the previous year, maintaining a rapid growth trend
.

In the first half of 2021, the company's gross profit margin and net profit margin were 46.
75% and 30.
11%, respectively, maintaining a steady increase
.

In 2021H1, Zhejiang's domestic and foreign business will still show a 9-1 situation, with a year-on-year growth of 72.
34% in Zhejiang and a 58.
15% growth in foreign business.
The growth rate of domestic business is faster than that of foreign business
.

In 2021H1, the number of outpatient visits in the Zhejiang Internal Stomatological Hospital reached 1.
166 million, a year-on-year increase of 57.
61%, and the outpatient visits of the Provincial Stomatological Hospital reached 177,700, an increase of 49.
58% year-on-year
.

In 2021H1, implantation, orthodontics, pediatrics, and large-scale integrated businesses all show a trend of substantial growth, and the income structure of business types is relatively stable
.

Analysis of performance growth

Children's oral problems may continue to occur.
This period is in the stage of prevention/health awareness training.
At the same time, parents pay more attention to children's oral health, and pediatric patients have a strong ability to pay, and the pediatric business is showing a significant growth trend
.

Zhejiang Provincial Hospitals adhere to the "regional general hospital + branch hospital" model for rapid expansion
.

In addition, hospitals outside the province strengthened the introduction of local talents and quickly realized brand landing and localization
.

Business progress

In 2021H1, the company's dandelion project in Taizhou, Lin'an, Hemu, Tonglu, Jiaxing, Fuyang, and Wenzhou hospitals have begun operations, and the industrial and commercial registration of Jiande, Yuyao, Cixi, Ninghai, and Xiangshan hospitals has been completed; the Hangzhou Stomatological Hospital Binjiang Hospital project has entered design The construction phase is expected to enter the construction phase after the house is delivered in August; the Hangzhou Zijingang Hospital project is already in the design phase
.

The company participates in the investment in the construction of large-scale dental hospitals in Wuhan, Chongqing, Xi'an, and Chengdu through the dental medical fund, each of which is equivalent to a central hospital of Hangzhou Dental Hospital
.

Look to the future

In March 2021, the company officially launched the construction of Zijingang Central Hospital (planned to have 540 dental chairs and 80 beds).
As a new starting point for the company's comprehensive multidisciplinary development, it is expected to seize the new academic heights of private hospitals and further enhance its comprehensive strength
.