China Resources Medical (01515) announced that the group expects the parent company's owner's profit to be about RMB 2 in 2023...
Zhitong Finance App News, China Resources Healthcare (01515) announced that the group expects the parent company's owner's profit to be approximately RMB 250 million in 2023, while the profit due to parent company owners (as stated) will be approximately RMB 270 million in 2022.
According to the announcement, changes in the Group's performance during the reporting period were mainly affected by two events, namely: acquisitions during the reporting period; and impairment relating to the Group's calculation of Huai'an Huaiyin Hospital Co., Ltd.
According to reports, the main and related transactions to acquire Liao Jianbiao's shares, Jiang Nengbiao's shares, and Jiang Nengbiao's claims were completed on June 25, 2023, and as stated in the announcement, the group traced the financial results of merging Liaojianbiao and Jiang Nengbiao from June 2, 2022. Liao Jianbiao's and Jiang Nengbiao's brought the group about RMB 300 million in profits due to the owner of the parent company during the reporting period, and their retroactive merger date contributed about RMB 130 million to the group's profits due to the owners of the parent company in 2022.
Regarding item (2) above, as described in the company's 2022 annual report, Huaiyin Hospital has gradually lost medical staff since 2022. Although the group has implemented a series of measures such as talent recruitment, business transformation, and organizational restructuring to improve business conditions, there was no significant reversal in the business situation of Huaiyin Hospital in 2023. An external valuer hired by the Group has assessed the project and calculated the recoverable amount of the project according to the evaluation method of fair value minus disposal costs. According to this, during the reporting period, the Group calculated impairment relating to Huaiyin Hospital, which resulted in a total reduction of about RMB 380 million in profit attributable to the owners of the Group's parent company.