Leidi.com Rakuten September 29
Neusoft Xikang Holdings Co., Ltd. (referred to as "Neusoft Xikang", stock code: 09686.HK) was listed on the Hong Kong Stock Exchange yesterday.
The issue price of Neusoft Xikang was HK$4.76, and the amount of funds raised was HK$555 million.
The cornerstone investors of Neusoft Xikang's IPO include Ningbo Industrial Fund, Haishu Investment, and INFOEXPERT, which subscribed for a total of US$28.3 million. Among them, Ningbo Industrial Fund and Haishu Investment subscribed for US$7.65 million respectively, and INFO EXPERT subscribed for US$13 million.
As early as June 2021, Neusoft Xikang submitted a prospectus to the Hong Kong Stock Exchange, which means that after more than 2 years, Neusoft Xikang has finally gone public.
Liu Jiren, Chairman of Neusoft Group and Chairman of Neusoft Xikang, said that the successful listing of Neusoft Xikang will usher in a new round of business growth and further promote the comprehensive health industry alliance built by Neusoft to become more mature and form a sustainable development ecosystem. , to help Neusoft create a new digital economic development model based on the collaborative development of "center, platform, and ecology" as the core idea, and expand Neusoft's new smart city construction and development path driven by data elements as the core.
However, Neusoft Xikang's listing encountered a cold reception from the market. The opening price was HK$3.69, a drop of more than 20% from the issue price; the closing price was HK$2.72, a 42.86% drop from the issue price; based on the closing price, the company's market value was 22.9 billion Hong Kong dollars.
Focusing on the concept of cloud hospital
According to reports, Neusoft Xikang has created China’s first cloud hospital platform with a city as its entrance.
This platform has established a comprehensive cloud hospital network, closely connecting local governments, medical institutions, patients and insurance companies, and promoting Internet hospital services, telemedicine services, smart family doctor services and Internet home care services. Delivery of Internet medical services within. In addition, the company also provides health management services and smart medical and health products.
During the Track Record Period, the number of medical institutions connected to the cloud hospital platform has steadily increased from 30,885 as of December 31, 2020 to 35,600 as of March 31, 2023. Most primary medical institutions have free access and provide smart family doctor services mainly through the company's platform.
In 2014, Neusoft Xikang introduced capital from Hony, Goldman Sachs, and Collaborative Innovation, and received a first-round financing of US$170 million.
The prospectus shows that Neusoft Xikang's revenue in 2020, 2021 and 2022 will be 503 million yuan, 614 million yuan and 687 million yuan respectively; operating losses will be 156 million yuan, 254 million yuan and 195 million yuan respectively; losses during the period They are 200 million yuan, 295 million yuan and 243 million yuan respectively.
Neusoft Xikang's revenue in the first quarter of 2023 was 82.17 million yuan, compared with 106 million yuan in the same period last year; its loss during the period was 47.22 million yuan, compared with 84.78 million yuan in the same period last year.
Neusoft Xikang's adjusted losses in 2020, 2021 and 2022 are 150 million yuan, 126 million yuan and 150 million yuan respectively; the adjusted losses in the first quarter of 2023 are 44.08 million yuan.
As of March 31, 2023, Neusoft Xikang held 276 million yuan in cash and cash equivalents.
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