Zhiyun Health (09955) expects the adjusted net loss to fall to about 65 million yuan to 78 million yuan in 2023, a year-on-year decrease of about 76.6% to 80.5%

Zhitong Finance App News, Zhiyun Health (09955) announced that the group expects the adjusted net loss (not measured by IFRS) for the year ended December 31, 2023 to fall to approximately RMB 65 million to RMB 78 million, a year-on-year reduction of about 76.6% to 80.5%. Furthermore, the group achieved its first net profit in its operating history in the fourth quarter of 2023.

Based on the data currently available to the company, the adjusted net loss (not measured by IFRS) is expected to drop sharply year-on-year for the year ended December 31, 2023, mainly due to strong business growth in the hospital solutions division and pharmacy solutions division based on improved SaaS infrastructure and high penetration rates in hospitals and pharmacies; the Group's strong business growth in the Hospital Solutions Division and the Pharmacy Solution Division; the unique business model, established industry reputation and network, high customer stickiness, and high repurchase rates continue to increase operating leverage; and operating leverage and effective cost control to improve administrative expenses efficiency.