Performance Highlights

FY2024 Performance Highlights

820+
General Practitioners,
Specialists, Dentists and Auxiliary Service Staff
430+

Affiliated & Self-Operated Medical Centres
110+

Self-Operated

Medical Centres
1

Large Grade III Level A
Hospital in Mainland China

As one of the largest and most extensive local chain medical service networks, having served Hong Kong for over 35 years
One of the few medical groups in Hong Kong that operates both a large medical network and a self-operated medical centre chain
The First Hong Kong private medical group operating and managing a national Grade III Level A hospital in Mainland China

Financial Summary

In 2024, the business environment in Hong Kong and the Mainland China was overshadowed by the unpredictable global political and economic landscape and the uncertain peripheral environment, leading to drastic fluctuations in the private healthcare market. The Group demonstrated operational resilience and adaptability. For the Year, the Group recorded a revenue of approximately HK$1,833,795,000. The Group would have recorded an operating profit of approximately HK$70,855,000*, including an operating profit attributable to owners of the Company of approximately HK$25,359,000* with respect to its business operations for the Year. The Group’s operating cash flow is significantly higher than its operating profit.

Although the Group's businesses had been operating steadily throughout the Year, the overall results were affected by a number of losses incurred outside the Group’s ordinary course of business recorded in the “other gains and losses, net” as shown in the consolidated statement of profit or loss, mainly comprising:

Impairment losses recognised on interests in associates increased to approximately HK$76,762,000
Fair value losses on investment properties of approximately HK$68,495,000
Impairment losses recognised on goodwill of approximately HK$70,000,000

As a result, during the Year, the Group recorded a loss of approximately HK$158,207,000, including a loss attributable to owners of the Company of approximately HK$203,703,000.

* Note: The “operating profit” and “operating profit attributable to owners of the Company” are referred to the results if the “other gains and losses, net” as shown in the consolidated statement of profit or loss are excluded.

FY2024 Revenue

$1,833,795,000

Business Segment	Scope of Service	Revenue
Hong Kong Medical Services	Provision of medical and dental services in Hong Kong	$787,053,000
Hong Kong Managed Medical Network Business	Managing healthcare networks & provision of third party medical network administrator services in Hong Kong	$489,353,000
Mainland Hospital Management and Medical Services	Provision of hospital management services and related services, provision of medical and dental services in the Mainland China	$546,615,000
Others	Leasing of properties and provision of other healthcare related services	$10,774,000

The Group was established in 1989, and the year 2024 is an important milestone for the Group’s 35th anniversary. After more than 30 years of development and growth, the Group has expanded from a community medical centre to the present company with its business extending into multiple areas of healthcare services, covering medical services, managed medical network, hospital management, health management, and aesthetic medical and beauty and wellness, with its business layout spanning Hong Kong and the Mainland China, and it has developed into an industry leader with high-quality medical resources and a strong professional medical team. While striving to achieve business goals, the Group will take the initiative to shoulder the social responsibilities of a medical enterprise, take practical actions to promote the sustainable development of the medical industry, economy, society and environment, and is determined to a world-class medical group rooted in Hong Kong and based in the Greater Bay Area which serves the whole country and connects with the world and seek to create greater value for shareholders and customers.