HK Stock Market Move | HYGEIA HEALTH (06078) rises over 6% to a near six-month high; shareholder returns demonstrate confidence; core operating metrics maintain steady growth.

HYGEIA HEALTH (06078) continued to rise, hitting a high of HK$11.18, a new high since May this year. As of press time, it was up 5.73% at HK$11.08, with a turnover of approximately HK$31.0287 million. On the news front, in June this year, Hygeia announced that it would allocate approximately RMB500 million per year over the next three fiscal years for share repurchases and/or dividend distributions. It is understood that as of October 31, the company had cumulatively repurchased 16.6806 million shares, accounting for approximately 5.1% of the non-controlling shareholders' equity (total share capital minus controlling shareholder's holdings). These repurchased shares will, depending on market conditions, be cancelled in accordance with the Listing Rules and applicable laws and regulations. In the first half of this year, HYGEIA HEALTH achieved revenue of RMB1.96 billion, down 1.4% year-on-year; net profit was RMB260 million, up 4.7% year-on-year. Despite a slight year-on-year decline in revenue, core operating metrics maintained steady growth. In the first half, the company's patient visits reached 2.3 million, up 4.1% year-on-year; approximately 46,000 surgeries were completed, up 8.2% year-on-year, of which approximately 21,000 were Tier 3 and Tier 4 surgeries representing core technical capability, up 17.8% year-on-year, a growth rate significantly higher than overall surgery volume.