NC HEALTHCARE (01518) issued a profit warning, expecting the annual net profit attributable to shareholders to decrease by approximately 35 million to 50 million yuan compared to the previous year.

NC HEALTHCARE (01518) announced that it is expected to have a net profit attributable to shareholders of approximately RMB 35 million to approximately RMB 50 million for the year ending December 31, 2024, while the net profit attributable to shareholders for the year ending December 31, 2023 was around RMB 84.20 million. The board of directors believes that the decrease in expected profit is mainly due to the peak of pediatric infections in 2023 being the highest in recent years, with an exceptionally strong demand for pediatric services. By 2024, the demand for pediatric medical services is expected to gradually return to normal, leading to a decline in revenue from pediatric services, causing a decrease in gross profit and, ultimately, a decrease in the group's net profit for the reporting period.