New stock news: Health road submits three consecutive annual reports to the Hong Kong Stock Exchange, with a loss of 314 million RMB in 2023.

According to the disclosure of the Hong Kong Stock Exchange on September 13, Health Road Co., Ltd. submitted its application to the Hong Kong Stock Exchange Main Board, with CCB International as its exclusive sponsor. The company had previously submitted applications to the Hong Kong Stock Exchange Main Board on June 13, 2023, and December 29, 2023. The prospectus shows that according to Frost & Sullivan data, based on the number of registered individual users on the company's platform as of December 31, 2023, Health Road operates one of China's largest digital health and medical service platforms. Since 2001, the company has been providing health and medical services to individual users in China on its digital platform. In 2015, the company also began providing services to enterprises and institutions in addition to digital marketing services. Over the past 20 years, the company has been actively involved in the significant digital transformation of the health and wellness industry in China, driving business growth. As an important part of China's national economy, the health and wellness industry in China has been steadily growing in recent years. According to Frost & Sullivan data, the Chinese health and wellness market is undergoing digital transformation, with an expected expansion of market share in digital health and wellness. The size of the Chinese digital health and wellness market is expected to increase from RMB 1.098 trillion in 2018 to RMB 5.823 trillion in 2023, with a compound annual growth rate of 39.6% from 2018 to 2023. The market size is projected to grow from RMB 5.823 trillion in 2023 to RMB 14.6 trillion in 2027, with an estimated compound annual growth rate of 25.8% from 2023 to 2027. According to Frost & Sullivan data, it is expected that the market size will further increase to RMB 2.7 trillion by 2030. The company's developed services empower key stakeholders in the Chinese digital health and wellness industry. These key stakeholders mainly include: (i) individual users; (ii) enterprises and institutions, such as pharmaceutical companies, hospitals, insurance companies, and local health departments; and (iii) doctors. For individual users, the company primarily provides health and medical services through its platform so that they can better manage their health and well-being. For enterprises and institutions, the company mainly provides enterprise services and digital marketing services to improve operational efficiency and drive business growth. The company also involves doctors, who play a key role on the company's platform. Users can access health and medical resources on the Health Road platform through various channels such as the Health Road mobile app, medical network, the company's WeChat official account, and WeChat mini programs. Financially, in the fiscal year 2021, 2022, 2023, and the six months ended June 30, 2024, the company's revenue was approximately RMB 431 million, RMB 569 million, RMB 1.244 billion, and RMB 611 million respectively. During the same period, the company incurred losses of approximately RMB 155 million, RMB 256 million, RMB 314 million, and RMB 57.275 million respectively.