Wenzhou Kangning Hospital Co., Ltd. Class H

Wenzhou Kangning Hospital Co., Ltd. Class H

11.40
HKD
+0.10
(+0.88%)
682.87MMarket Cap
Apr 01Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.21
6.33
5.69
9.12
10.21
11.78
13.65
17.98
19.9
21.4
22.27
22.51
- -
Basic EPS, GAAP
0.73
1.03
0.94
0.67
1.1
0.78
0.77
0.61
-0.32
1.15
0.88
0.76
- -
Free Cash Flow per Basic Share
-0.4
-2.19
-1.95
-1.74
-1.08
-0.22
0.16
0.21
-0.13
1.14
- -
- -
- -
Dividend per Share
- -
0.34
0.25
- -
0.25
0.4
0.24
0.42
0.69
0.43
0.97
1.01
- -
Book Value per Share
3.71
13.14
13.81
14.4
14.85
15.42
14.92
16.2
16.11
16.96
16.83
16.87
16.87
Tangible Book Value per Share
3.39
11.62
11.97
12.26
12.14
12.98
11.68
11.32
11.25
11.06
11.25
11.02
11.02
Basic Weighted Avg Shares
70
54
73
73
73
73
72
72
75
75
74
72
69
Sales/Revenue/Turnover
296
344
415
666
746
861
989
1,297
1,485
1,596
1,654
1,620
- -
Operating Margin (%)
22.94
20.07
17.64
17.62
20.5
8.16
10.75
9.44
7.34
9.94
10.01
9.9
- -
Depreciation Expense
15
21
17
26
39
76
8
14
18
20
22
23
- -
Net Income, GAAP
51
56
69
49
81
57
56
44
-24
86
66
54
- -
Effective Tax Rate (%)
25.33
26.43
28.86
31.53
29.88
31.15
41.26
57.3
170.29
12.35
25.99
47.12
- -
Profit Margin (%)
17.28
16.21
16.57
7.36
10.8
6.66
5.64
3.39
-1.63
5.38
3.97
3.36
- -
Working Capital
86
664
594
240
111
5
-73
74
136
187
300
220
220
LT Debt
- -
- -
150
110
40
204
306
513
562
721
842
895
895
Total Equity
261
962
1,041
1,110
1,205
1,262
1,206
1,280
1,326
1,408
1,343
1,312
1,312
Return on Invested Capital (%)
- -
7.88
5.53
3.87
5.3
1.94
2.38
1.97
-0.54
3.84
2.25
1.81
- -
Return on Capital (%)
- -
9.85
6.82
4.42
6.97
5.77
4.58
3.17
-3.27
5.21
4.52
3.75
- -
Return on Common Equity (%)
- -
9.13
6.99
4.76
7.42
5.01
4.9
3.79
-2.01
6.97
5.27
4.51
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
282
363
279
LT Borrowings
691
678
747
LT Finance Leases
151
185
148
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
73
72
70
Market Capitalization
840
647
614

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
995
968
932
Cash, Cash Equivalents & STI
270
362
303
Accounts Receivable, Net
572
420
463
Inventories
51
50
46
Total Current Liabilities
694
707
712
Payables & Accruals
- -
- -
- -
ST Debt
282
363
279
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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
- -
- -
- -
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%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,596
2024
- -
- -
1,654
2025
- -
- -
1,620

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.15
2024
- -
- -
0.88
2025
- -
- -
0.76

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.43
2024
- -
- -
0.97
2025
- -
- -
1.01

Company Description

CEO
Lian Yue Wang
Full Time Employees
5,354
Sector
Health services
Industry
Hospital/Nursing management
Address
No.1 Shengjin Road Wenzhou ZH China 325007
IPO Date
Nov 20, 2015
Website
knhosp.cn
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.