Kanghua Healthcare Projects Significant Loss

Guangdong Kanghua Healthcare Co., Ltd. Class H (HK:3689) has released an update.

Guangdong Kanghua Healthcare Co., Ltd. has issued a profit warning for the first half of 2024, anticipating a loss of RMB 26-28 million compared to the profit of RMB 29.4 million in the same period last year. The expected loss is due to a general decline in hospital revenue, particularly in physical examinations and services post-COVID-19, increased operating costs, losses from a recently acquired haemodialysis outpatient center, and a fair value loss of approximately RMB 11.4 million on an investment fund. Investors are cautioned to exercise care when dealing with the company’s securities.

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