Xikang Cloud Hospital Cuts Losses, Revenue Dips

NEUSOFT XIKANG HOLDINGS INC. (HK:9686) has released an update.

Xikang Cloud Hospital Holdings Inc., previously known as Neusoft Xikang Holdings Inc., reported a decrease in revenue by 18.1% year-on-year to RMB179.2 million for the first half of 2024, alongside a reduction in net loss by 36.3% to RMB60.5 million. The company, which is carving a niche in the home medical and nursing service market with its ‘city-specific cloud hospital platform’ business model, attributes the financial changes to market dynamics, post-pandemic effects, and business structure optimization. Xikang is focused on integrating medical services into home care, particularly benefiting China’s aging population, by collaborating with local governments and health systems to enhance access to medical resources.

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