The board (the "Board") of directors (the "Directors") of Genertec Universal Medical Group Company Limited (the "Company" or "Universal Medical"; Stock code: 2666.HK) is pleased to announce the unaudited interim results of the Company and its subsidiaries (together, the "Group") for the six months ended 30 June 2021 (the "Reporting Period"). In the first half of 2021, facing the complex and everchanging economic circumstances at home and abroad, the Group continued to consolidate the foundation of finance business, steadily promoted the medical business development, and achieved steady progress in operating performance.
2021 INTERIM RESULTS HIGHLIGHTS
-- For the six months ended 30 June 2021, the revenue amounted to approximately RMB5,007.5 million, representing an increase of 24.4% as compared with that of approximately RMB4,024.2 million for the corresponding period of 2020.
-- For the six months ended 30 June 2021, the profit for the period amounted to approximately RMB1,125.5 million, representing an increase of 30.7% as compared with that of approximately RMB861.0 million for the corresponding period of 2020.
-- For the six months ended 30 June 2021, the profit for the period attributable to owners of the parent amounted to approximately RMB1,050.0 million, representing an increase of 32.3% as compared with that of approximately RMB793.4 million for the corresponding period of 2020.
-- As at 30 June 2021, the total assets amounted to approximately RMB69,894.9 million, representing an increase of 13.6% as compared with that of approximately RMB61,511.0 million as at 31 December 2020.
-- As at 30 June 2021, the equity attributable to owners of the parent amounted to approximately RMB12,363.4 million, representing an increase of 14.8% as compared with that of approximately RMB10,770.5 million as at 31 December 2020.
-- For the six months ended 30 June 2021, the return on equity was 18.15%, and the return on total assets was 3.43%.
In the Reporting Period, the Group recorded revenue of RMB5,007.5 million, representing an increase of 24.4% as compared to the corresponding period of the previous year, as a result of more medical institutions being consolidated into the Group's financial statements and financial business growing steadily; recorded profit for the period of RMB1,125.5 million, representing an increase of 30.7% as compared to the corresponding period of the previous year; recorded profit for the period attributable to the owners of the parent of RMB1,050.0 million, representing an increase of 32.3% as compared to the corresponding period of the previous year; and recorded total assets of RMB69,894.9 million as of 30 June 2021, representing an increase of 13.6% as compared to the end of 2020, with a debt ratio of 75.18% and asset quality generally safe and controllable.
Hospital Group Expanded in Scale, with Operating Benefit Improved Steadily
Hospital group is the essential resources of building a healthcare conglomerate. In the first half of 2021, the Group continued to actively participate in integration and takeover of medical institutions of SOEs, and advanced the completion and consolidation of contracted projects in an orderly manner. As of 30 June 2021, the Group had entered into contracts in relation to the takeover of 56 medical institutions (including 5 Grade III Class A hospitals and 29 Grade II hospitals) with actual capacity of over 15,000 beds in total, and had consolidated 41 medical institutions (including 3 Grade III Class A hospitals and 19 Grade II hospitals), with actual capacity of 10,082 beds in total.
In terms of consolidated revenue, in the Reporting Period, the hospital group recorded revenue of RMB2,118.4 million during the consolidation period, representing an increase of 37.2% as compared to the corresponding period of the previous year, mainly due to the consolidation of additional medical institutions. Revenue from integrated healthcare services reached RMB1,985.5 million, representing an increase of 35.2% as compared to the corresponding period of 2020; revenue from supply chain business reached RMB390.5 million, representing an increase of 76.1% as compared to the corresponding period of 2020.
In terms of operations, in the first half of 2021, the total number of medical treatments in the consolidated medical ...
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