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    Hospital/Nursing management
Guangdong Kanghua Healthcare Group Co., Ltd. Class H

Guangdong Kanghua Healthcare Group Co., Ltd. Class H

HHKEX:3689
1.65
HKD
-0.23
(-12.23%)
578.90MMarket Cap
Apr 01Next Earn
Guangdong Kanghua Healthcare Group Co., Ltd. Class H
HKEX:3689
(Hong Kong Exchange)

Recent

price

1.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.44
3.94
4.25
4.73
4.15
4.9
5.85
5.22
5.84
5.52
6.11
6.15
6.05
- -
Revenue per Share
0.43
0.41
0.48
0.54
0.47
0.5
0.22
-0.08
0.28
0.18
0.36
0.05
0.3
- -
Basic EPS, GAAP
0.7
0.72
0.45
0.21
0.13
0.26
-0.36
0.08
0.49
0.32
0.22
0.58
0.7
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.14
0.16
0.16
- -
- -
- -
- -
- -
0.15
- -
Dividend per Share
0.22
0.37
0.69
3.46
3.78
4.12
4.06
3.98
4.27
4.48
4.26
4.3
4.51
4.51
Book Value per Share
0.22
0.37
0.69
3.46
3.78
3.58
3.69
3.85
4.18
4.4
4.17
3.88
4.08
4.08
Tangible Book Value per Share
250
250
250
262
334
334
334
334
334
334
334
334
334
334
Basic Weighted Avg Shares
859
985
1,064
1,240
1,389
1,639
1,956
1,745
1,954
1,846
2,042
2,056
2,024
- -
Sales/Revenue/Turnover
14.29
15.19
15.11
15.19
14.6
10.47
8.07
2.39
7.1
2.1
5.95
2.23
5.87
- -
Operating Margin (%)
40
38
39
41
50
72
123
143
149
149
143
150
139
- -
Depreciation Expense
107
102
119
141
157
168
74
-25
94
60
121
15
100
- -
Net Income, GAAP
12.53
20.3
20.06
26.6
26.11
27.27
58.56
- -
48.2
62.08
40.67
83.39
33.58
- -
Effective Tax Rate (%)
12.49
10.38
11.17
11.39
11.27
10.24
3.8
-1.45
4.83
3.23
5.93
0.75
4.92
- -
Profit Margin (%)
-1,066
-1,082
-84
784
758
286
378
294
347
290
329
237
283
283
Working Capital
- -
- -
- -
- -
- -
- -
409
428
429
359
348
255
315
315
LT Debt
83
138
247
1,175
1,289
1,509
1,458
1,408
1,474
1,515
1,498
1,462
1,526
1,526
Total Equity
- -
12.37
15.08
15.17
11.86
8.73
2.27
- -
3.37
0.79
3.69
0.4
4.92
- -
Return on Invested Capital (%)
- -
16.73
20.96
16.14
12.34
12.53
6.28
- -
6.87
5.05
8.1
1.2
6.34
- -
Return on Capital (%)
- -
103.7
66.99
20.37
12.94
12.7
5.43
-1.89
6.84
4.08
8.28
1.07
6.75
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
65
39
11
LT Borrowings
225
287
286
LT Finance Leases
30
32
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
334
334
334
Market Capitalization
767
550
520

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,110
1,156
1,096
Cash, Cash Equivalents & STI
678
792
742
Accounts Receivable, Net
266
237
234
Inventories
66
70
70
Total Current Liabilities
874
890
813
Payables & Accruals
- -
- -
- -
ST Debt
65
39
11
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
40.45%
1.67%
4.37%
Free Cash Flow
26.56%
120.76%
21.4%
Net Income, GAAP
-9.66%
11.28%
549.35%
Sales/Revenue/Turnover
7.13%
3.24%
-1.53%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,042
2024
- -
- -
2,056
2025
- -
- -
2,024

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.36
2024
- -
- -
0.05
2025
- -
- -
0.3

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.15
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Business
Guangdong Kanghua Healthcare Group Co., Ltd. (3689.HK) operates private hospitals and healthcare facilities primarily in the People's Republic of China. Founded in 2002 and headquartered at 1000 Dongguan Avenue, Dongguan, the company provides comprehensive medical services through four main segments: Hospital Services, including inpatient and outpatient care, physical examinations, VIP healthcare, reproductive medicine, plastic and aesthetic surgery, and laser treatments at facilities such as Kanghua Hospital (Dongguan's first private IIIA-rated general hospital with 2,006 beds and specialties in cardiac surgery, general surgery, and imaging), Renkang Hospital (500 beds focusing on geriatrics, gynecology, orthopedics, and hemodialysis), and Kanghua Zhonglian Cardiovascular Hospital (505 beds in Chongqing specializing in cardiac interventions and surgeries); Rehabilitation and Other Healthcare Services, encompassing rehabilitation for physical and mental disabilities, elderly care including assisted living, adult daycare, long-term care, residential care, and hospice, plus training for the disabled via acquired Anhui Hualin Rehabilitation Hospital and its network of 12 rehabilitation hospitals, one general hospital, nine disability centers, and a vocational school; Haemodialysis Services through dedicated centers; and Elderly Healthcare Services targeting aged patients. Kanghua Hospital collaborates with Huawei on the Dongguan Kanghua Hospital - Huawei Clinic for outpatient, emergency, and examination services in the Songshan Lake Science and Technology Industrial Park. In early 2024, the company completed the acquisition of a 70% stake in Dongguan Kanghua Haemodialysis Healthcare Investment Management Co., Ltd. for CNY 7.7 million, expanding its haemodialysis operations; it previously acquired Anhui Hualin Rehabilitation Hospital in April 2018 to bolster rehabilitation capabilities. The group serves patients across Guangdong, Chongqing, Anhui, and other domestic regions with advanced equipment like Toshiba Aquilion ONE CT scanners, Philips MRI systems, and GE Voluson ultrasound, holding designations such as National Chest Pain Centre, Stroke Centre, and inter-provincial health insurance settlement hospital.