Beijing Mediwelcome Medical Technology Co., Ltd
Mediwelcome(2159) 2021 Annual Results Highlights: Enhancing healthcare industry resources to Build innovative WITMED for specialty disease and related healthcare ecosystem
Mediwelcome(2159) 2021 Annual Results Highlights: Enhancing healthcare industry resources to Build innovative WITMED for specialty disease and related healthcare ecosystem
A China’s leading provider of digital medical service solutions for specialty diseases – Mediwelcome (Stock Code: 2159.HK) announced its 2021 annual results. During the Reporting Period, Mediwelcome primarily generated revenue from medical conference services, patient education and screening services, and marketing strategy and consulting services, etc. Mediwelcome maintained a positive business growth momentum in 2021. The Group’s total revenue reached approximately RMB708 million, representing a significant year-on-year increase of approximately 63.9%; gross profit recorded approximately RMB93.6 million, and profit for the year attributable to owners of the Company was approximately RMB4.65 million.
Continued expansion of core businesses leading the Group’s steady growth In 2021, Mediwelcome continued to expand and consolidate its integrated healthcare marketing solutions and made a concerted effort to develop its internet hospital services and fully implemented digital upgrade for the businesses. Among which, medical conference services business was the main revenue stream during the Reporting Period, recorded revenue of approximately RMB424 million, representing a year-on-year increase of 65.1%, accounting for 59.9% of the total revenue. The increase in revenue was primarily due to the increase in the number of customers and online medical and marketing campaigns as the Group strengthened and upgraded digital solutions to provide efficient and accurate medical professional services after the outbreak of COVID-19. In fact, the prolonged effects of the epidemic led more medical NGOs and pharmaceutical companies to engage the Group to organise online medical seminars and marketing promotions. As the Group further develops its integrated healthcare marketing solutions, Mediwelcome will be able to continuously capture the huge and growing online and offline healthcare marketing needs in the market.
In terms of patient education and screening services, the Group successfully shifted most of its onsite patient education and screening services to its online platform during the Reporting Period, which not only reached more participants, but also facilitated patients’ access to self-assessment and healthcare management, thus reducing the long-term burden on the healthcare system. During the Reporting Period, revenue from patient education and screening services reached approximately RMB152.1 million, representing an increase of 88.0% YoY, while projects with online educational programmes achieved revenue of approximately RMB101.5 million, representing an increase of 231.7% YoY. Meanwhile, the Group’s marketing strategy and consulting services revenue recorded a solid year-on-year growth of 36.8% to approximately RMB121.2 million due to the expansion of the Group’s influence and the further release of market demand.
With the long-term impact brought from the emergence of new norms such as COVID-19 and centralised procurement of drugs, coupled with the wave of digital transformation and upgrading in various industries, the needs and conducts of stakeholders in the medical sector (hospitals, doctors, patients, pharmaceutical companies, etc.) have undergone profound changes, and an upward trend of the demand for diagnosis and medical treatment is witnessed in internet hospitals. The Group’s internet hospital platform focuses on the connection of doctors and patients and the provision of quality online medical services. As at 31 December 2021, the number of registered doctor users reached 30,761, representing an increase of 63.8% compared with 2020, and the number of patient users reached 86,729, representing an increase of 235.2% YoY. The upgraded internet hospital services create a digital healthcare platform in relation to specialty diseases and establish a healthcare management system connecting hospital, doctor and patient to facilitate the patients’ self-assessment and rehabilitation management after the clinical treatment in and out of hospital. The system aims to help the patients to improve their disease know-how and compliance, create a customized management service platform for patients’ diseases, and effectively realize the integrated health management services of doctors and patients inside and outside the hospital. Combining internal and external resources to create an innovative healthcare ecosystem Looking ahead, Mediwelcome will continuously integrate internal and external resources with its differentiated advantages, constantly provide customized digital solutions with proven efficiency and efficacy to its customers. Based on the integration and optimisation of existing business segments, together with the in-depth exploration of its healthcare data accumulated over years, Mediwelcome will establish its own digital healthcare platform to empower its existing business model, and create its own innovative product and service platform for its customers.
Mediwelcome will continue to explore and develop internet hospital business and patient management services based on the digital medical platform. Relying on its professional service capabilities in specific field, Mediwelcome will further explore the unmet needs of stakeholders in the healthcare industry and create a comprehensive healthcare service system covering disease prevention and screening, diagnosis and treatment, rehabilitation and healthcare management. A full-cycle smart healthcare ecosystem established by the Group aims to improve patient outcomes in every aspect.
About Mediwelcome Healthcare Management & Technology Inc. Mediwelcome is a provider of integrated healthcare services and marketing solutions with a primary focus on the vertical field of chronic disease, which provides services including strategic consulting and content creation services, medical conference services, patient education and screening services and digital marketing, as well as internet hospital services which is physician-led, patient-centric, with collaboration between the platform and clinical experts. Through the deployment of digital products and the in-depth integration of intelligent technologies with medical needs, as well as the establishment of remote service platforms, Mediwelcome will strive to build an all-round and full-cycle digital healthcare ecosystem with the improvement of patients’ health and medical treatment outcomes as its ultimate goal.
File: Mediwelcome(2159) 2021 Annual Results Highlights: Enhancing healthcare industry resources to Build innovative WITMED for specialty disease and related healthcare ecosystem
01/04/2022 Dissemination of a Marketing Press Release, transmitted by EQS Group. |