Genertec Universal Medical Group Company Limited (the "Company" or "Universal Medical", and together with its subsidiaries, the "Group"; Stock Code: 2666.HK) is pleased to announce annual results for the year ended 31 December 2021.FINANCIAL HIGHLIGHTS
-- For the year ended 31 December 2021, the revenue amounted to approximately RMB9,914.3 million, representing an increase of 16.3% as compared with that of approximately RMB8,521.2 million for 2020.
-- For the year ended 31 December 2021, the profit before tax amounted to approximately RMB2,691.8 million, representing an increase of 13.8% as compared with that of approximately RMB2,365.0 million for 2020.
-- For the year ended 31 December 2021, the profit for the year attributable to owners of the parent amounted to approximately RMB1,835.2 million, representing an increase of 11.4% as compared with that of approximately RMB1,647.5 million for 2020.
-- As at 31 December 2021, the total assets amounted to approximately RMB69,899.8 million, representing an increase of 13.6% as compared with that of approximately RMB61,511.0 million as at 31 December 2020.
-- As at 31 December 2021, the equity attributable to owners of the parent amounted to approximately RMB13,104.0 million, representing an increase of 21.7% as compared with that of approximately RMB10,770.5 million as at 31 December 2020.
-- For the year ended 31 December 2021, the return on equity was 15.37%, and the return on total assets was 3.09%.
2021 was the opening year of the "14th Five-Year Plan". The Group fulfilled the responsibilities as a central enterprise, adhered to serving the "Healthy China" strategy, and firmly moved forward in the field of medical and healthcare. In 2021, the Group steadily promoted business and improved overall operating performance with a revenue of RMB9,914.3 million, representing an increase of 16.3% as compared to the previous year; net profit of RMB2,030.5 million, representing an increase of 11.9% as compared to the previous year; net profit attributable to owners of the parent of RMB1,835.2 million, representing an increase of 11.4% as compared to the previous year; return on total assets (ROA) of 3.09%, and return on equity attributable to ordinary shareholders (ROE) of 15.37%.
Hospital Group Improved Quality and Efficiency, with Net Profit Increasing by 39.5%.
In 2021, the Group continued to consolidate the accounts of medical institutions into its own hospital group, and in the context of normalized pandemic prevention and control, the Group orderly advanced the post-investment management of medical institutions, and continuously enhanced the three core capabilities of "discipline", "operation" and "service", to build the overall advantages of the hospital group in terms of safety, effectiveness, accessibility, and humanities as a way to achieve steady progress in operating efficiency. As of 31 December 2021, the number of consolidated medical institutions increased to 45 (including 3 Grade III Class A hospitals and 20 Grade II hospitals), with a total of 10,376 beds. The hospital group launched a total of 372 construction projects, including 10 new outpatient and inpatient multifunction building projects, with a planned number of new beds exceeding 4,000 in total.
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