1. People's Republic of China Stocks

  2. •

    Healthcare

  3. •

    Medical - Care Facilities
Wenzhou Kangning Hospital Co., Ltd.

Wenzhou Kangning Hospital Co., Ltd.

2120.HK
Wenzhou Kangning Hospital Co., Ltd.HK flagHong Kong Stock Exchange
7.10
HKD
- -
- -
499.83MMarket Cap
Wenzhou Kangning Hospital Co., Ltd.
2120.HK
(Hong Kong Stock Exchange)

Recent

price

7.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
4.21
6.33
5.69
9.12
10.21
11.78
13.65
17.98
19.9
21.4
22.27
22.51
Revenue per Share
0.73
1.03
0.94
0.67
1.1
0.78
0.77
0.61
-0.32
1.15
0.88
0.76
Basic EPS, GAAP
-0.4
-2.19
-1.95
-1.74
-1.08
-0.22
0.16
0.21
-0.13
1.14
-2.59
-2.63
Free Cash Flow per Basic Share
- -
0.34
0.25
- -
0.25
0.4
0.24
0.42
0.69
0.43
0.97
1.01
Dividend per Share
1.37
2.78
2.66
3.01
3.91
4.49
3.87
4.6
4.13
5.18
5.61
6.07
Book Value per Share
3.39
15.68
12.42
13.06
13.7
14.74
13.31
12.71
12.92
12.98
12.62
12.5
Tangible Book Value per Share
70
54
73
73
73
73
72
72
75
75
74
72
Basic Weighted Avg Shares
296
344
415
666
746
861
989
1,297
1,485
1,596
1,654
1,620
Sales/Revenue/Turnover
22.94
20.07
17.64
17.62
20.5
8.16
10.75
9.44
7.34
9.94
10.01
9.9
Operating Margin (%)
15
21
17
26
39
76
8
14
18
20
22
23
Depreciation Expense
51
56
69
49
81
57
56
44
-24
86
66
54
Net Income, GAAP
25.33
26.43
28.86
31.53
29.88
31.15
41.26
57.3
170.29
12.35
25.99
47.12
Effective Tax Rate (%)
17.28
16.21
16.57
7.36
10.8
6.66
5.64
3.39
-1.63
5.38
3.97
3.36
Profit Margin (%)
86
664
594
240
111
5
-73
74
136
187
300
220
Working Capital
- -
- -
150
110
40
204
306
513
562
721
842
895
LT Debt
261
962
1,041
1,110
1,205
1,262
1,206
1,280
1,326
1,408
1,343
1,312
Total Equity
- -
7.89
4.59
6.21
7.66
2.97
3.38
2.6
-3.59
6
4.95
3.42
Return on Invested Capital (%)
- -
41.88
24.96
12.57
17.58
11.93
8.45
5.58
-5.61
8.46
6.87
5.47
Return on Capital (%)
- -
45.09
39.89
23.7
31.89
18.67
18.33
14.39
-7.57
24.75
16.33
12.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.26%
1.8%
-2.36%
Free Cash Flow
-171.9%
-287.76%
-1.39%
Net Income, GAAP
-64.41%
-134.33%
-17.09%
Sales/Revenue/Turnover
17.82%
10.93%
-2.09%
Total Cash Common Dividend
- -
46.62%
1.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1,596
2024
- -
- -
- -
- -
1,654
2025
- -
- -
- -
- -
1,620

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.15
2024
- -
- -
- -
- -
0.88
2025
- -
- -
- -
- -
0.76

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.43
2024
- -
- -
- -
- -
0.97
2025
- -
- -
- -
- -
1.01
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Business
Wenzhou Kangning Hospital Co., Ltd. is a China-based healthcare company primarily engaged in psychiatric healthcare and elderly healthcare businesses. Founded in 1997 and headquartered in Wenzhou, Zhejiang Province, the company operates a network of specialized psychiatric hospitals providing services including general psychiatry, mental health rehabilitation, geriatric psychiatry, behavioral medicine, psychosomatic disorders, clinical psychology, brain function testing and treatment, sleep medicine, depression treatment, and child and adolescent mental health services. It also offers comprehensive general medical services such as internal medicine, external medicine, and gynecology, supporting both psychiatric patients and the surrounding community. Additionally, the company is involved in sales of medical devices, pharmaceuticals including Chinese herbal and chemical medicines, social mental services, healthcare information technology, pharmacy dispensing services, clinical research, and property leasing. Its network spans multiple regions across China with subsidiaries including Chun’an Kangning Hospital and Pujiang Yining Hospital, which were acquired recently to expand operational scale. In 2023 and 2024, the company actively expanded its healthcare footprint by opening six elderly hospitals and acquiring multiple hospitals such as Loudi Kangning Hospital, Dongkou Lening Hospital, and Chengdu Yining Hospital, boosting inpatient bed capacity to approximately 2,730 beds. Wenzhou Kangning Hospital also developed an independent Internet hospital, Yining Mental Health E-Hospital, offering online consultations, self-assessment tools, follow-up prescriptions, chronic disease management, and health education, making it one of the first innovative online psychiatric service platforms in Zhejiang Province. The company’s ongoing strategic focus includes synergistic management of regional hospitals, integration of digital healthcare services, and collaboration with major psychiatry-specialized drug manufacturers to enhance nationwide coverage. Wenzhou Kangning Hospital was listed on the Hong Kong Stock Exchange Main Board in 2015 as China's first public psychiatry-specialized hospital company and continues to maintain its leading position in specialty psychiatric and elderly healthcare markets within China.