Kaisa Health (00876) released its performance for the six months ending on June 30, 2024, during which the group generated revenue...
According to the announcement from Kaisa Health (00876) on its performance for the six months ending on June 30, 2024, the group achieved revenue of 88.516 million Hong Kong dollars; the company's equity holders incurred a loss of 24.264 million Hong Kong dollars; the gross margin increased to approximately 42.8%; basic loss per share was 0.48 Hong Kong cents.
The announcement stated that the group is engaged in the dental business, including overseas and local sales and production of dentures, including dental crowns and bridges, full and partial removable dentures, implants, and metal dental crowns. The group has independently researched and developed a high-tech digital dental brand, integrating globally excellent minimally invasive dental cosmetic repair concepts, cutting-edge 3D printing technology, promoting invisible alignment, dental cosmetic whitening, dental veneers, and providing efficient one-stop dental restoration solutions.
The group has always adhered to the aesthetic restoration concept of 'minimally invasive without harming teeth' in its research and development direction, allowing patients to reduce pain and easily enhance their beauty during the dental beautification process. In 2019, the brand launched a series of digital denture products, such as MeiJia Veneer XS, MeiJia 3D Simulated Zirconium, MeiJia EasyQ Transparent Aligners, and removable dentures, receiving great recognition from overseas technicians and dentists.
In the first half of 2024, significant changes occurred in the medical services market. The Shenzhen government actively guided grassroots community health service centers to carry out traditional Chinese medicine rehabilitation projects, and surrounding large comprehensive hospitals, such as the Shenzhen Hospital of the University of Hong Kong and the Shenzhen Hospital of Peking University, directly entered into sports rehabilitation business. Faced with numerous competitors and serious homogenization of services in the market, Kaisa Health Rehabilitation Outpatient Department implemented cost reduction and efficiency improvement measures based on its own situation, returned to orthopedic postoperative rehabilitation services, and persisted in winning the market with technology. Adjusting marketing transformation according to market changes, developing a membership system, deepening private domain operations, comprehensively conducting marketing on Little Red Book and WeChat video accounts, establishing a marketing matrix for the Kaisa Sports Rehabilitation brand, and adhering to brand reputation to win the market.