August 17, 2017 4:39 AM ET

Healthcare Providers and Services

Company Overview of Wenzhou Kangning Hospital Co., Ltd.

Company Overview

Wenzhou Kangning Hospital Co., Ltd. operates and manages a network of healthcare facilities in the People’s Republic of China. It primarily focuses on providing psychiatric specialty care. The company operates a network to 8 hospitals with 2,577 total beds in operation. It also provides property development, leasing, and rental services, as well as hospital management consulting services. Wenzhou Kangning Hospital Co., Ltd. was founded in 1996 and is headquartered in Wenzhou, the People’s Republic of China.

Sheng Jin Road No. 1

Huanglong residential area

Wenzhou,  

China

Founded in 1996

1,348 Employees

Phone:

86 189 6883 5800

Fax:

86 577 8878 9117

Key Executives for Wenzhou Kangning Hospital Co., Ltd.

General Manager and Executive Director
Age: 48
Total Annual Compensation: CNY354.0K
Chairman
Age: 48
Total Annual Compensation: CNY421.0K
Chief Financial Officer and Executive Director
Age: 44
Total Annual Compensation: CNY221.0K
Compensation as of Fiscal Year 2016.

Wenzhou Kangning Hospital Co., Ltd. Key Developments

Wenzhou Kangning Hospital Co., Ltd. Approves Final Dividend for the Year Ended December 31, 2016, Payable on or About July 14, 2017; He Xin to Retire as Director

Wenzhou Kangning Hospital Co., Ltd. approved the proposed final cash dividend of RMB 0.25 per share (inclusive of applicable tax) for the year ended December 31, 2016 at the AGM. The dividend is expected to be paid on or about July 14, 2017 to the shareholders whose name appears on the register of members of the company at the close of business on June 25, 2017. Due to her work arrangement, Ms. He Xin will retire as Director and the member of the audit committee of the company on June 14, 2017, the date of approval by the AGM.

Wenzhou Kangning Hospital Co., Ltd. Approves Amendment to Articles of Association

Wenzhou Kangning Hospital Co., Ltd. approved amendment II to the articles of association of the company at the meeting of the board of directors held on March 24, 2017.

Wenzhou Kangning Hospital Co., Ltd. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Declares Final Dividend for the Year Ended December 31, 2016, Payable on or About July 14, 2017

Wenzhou Kangning Hospital Co., Ltd. reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 415,408,000 against RMB 343,674,000 a year ago. Operating profit was RMB 78,017,000 against RMB 68,825,000 a year ago. Profit before income tax was RMB 92,139,000 against RMB 70,170,000 a year ago. Net profit attributable to equity holders of the company was RMB 68,832,000 against RMB 55,709,000 a year ago. Basic and diluted earnings per share were RMB 0.94 against RMB 1.03 a year ago. Net cash generated from operating activities was RMB 49,867,000 against net cash used in operating activities of RMB 5,063,000 a year ago. Capital expenditure of the Group was RMB 183.9 million, representing an increase of 60.3% from 2015, primarily due to the expansion project of Wenzhou Kongning Hospital, the decoration of Wenzhou Yining Geriatric Hospital and investments in funds. On March 24, 2017, the Board declared a final dividend of RMB 18,260,000 or RMB 0.25 per share for the year ended December 31, 2016 which is calculated based on 73,040,000 issued Shares as of December 31, 2016. The proposed dividend is not reflected as a dividend payable in the consolidated financial statements as of December 31, 2016, and will be reflected as an appropriation of retained earnings for the year ending December 31, 2017. Subject to the approval of the proposed final dividend by the Shareholders at the annual general meeting of the company for the year 2016 to be held on June 14, 2017, the proposed final dividend will be distributed on or about July 14, 2017 to the Shareholders whose names appear on the register of members of the company on June 25, 2017.

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