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NEUSOFT XIKANG HOLDINGS INC. ( (HK:9686) ) has provided an update.
Xikang Cloud Hospital Holdings Inc. announced its annual results for 2024, reporting a 6.7% decrease in revenue to RMB501.5 million due to macroeconomic factors and business optimization efforts. Despite this, the company reduced its net loss by 45.9% to RMB83.8 million, driven by improved operational efficiencies and economies of scale in nursing services. The company has expanded its digital healthcare ecosystem, with over 36,000 medical institutions joining its platform, and aims to lead the high-quality development of China’s healthcare industry by providing accessible home-based medical services.
More about NEUSOFT XIKANG HOLDINGS INC.
Xikang Cloud Hospital Holdings Inc., formerly known as Neusoft Xikang Holdings Inc., operates in the healthcare industry, focusing on digital healthcare solutions. The company offers a ‘city-specific cloud hospital platform’ that connects medical institutions, patients, and insurance providers, aiming to deliver medical, health, and home care services directly to homes. It leverages technology, including AI and digitization, to enhance operational efficiency and expand its market presence in China’s healthcare ecosystem.
YTD Price Performance: -38.40%
Average Trading Volume: 84,051
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$648.2M
For an in-depth examination of 9686 stock, go to TipRanks’ Stock Analysis page.