1H22 Financial Performance
Key business updates of 1H2022
Continued growth
during the pandemic
• Despite the impact of the epidemic, the
Company still achieved notable growth
In the first half of the year, revenue was
RMB6,975 million, marking a y-o-y growth of
12.0%; net profit attributable to the parent was
RMB1,459 million, marking a y-o-y growth of
20.6%
•
•
Embracing VBP
Seizing emerging the opportunities of national
and regional VBP, the Company developed
new hospital customers, expanded its market
boosted sales, and increased its market share
Tapped into the cross-selling and up-selling
potential of existing customers to offset the
impact of revenue reduction on sales from
volume-based procurement
Margin improvements
Affected by the price reduction from volume-
based procurement and changes in product
mix, the gross profit margin decreased
• Improved operating margins through cutting
cost and optimization of selling and
administration expenses
Strengthened abilities to withstand risks
Fa
E
China's leading
medical device
conglomerate
WEGO威高
•
•
Continued improvement
of product portfolio
Continued to expand R&D efforts. In 1H 2022,
the Company obtained 55 new patents in China,
had 162 patents under application, and received
30 new product registration certificates
Continued to optimize the product portfolio
through acquisition, cooperation with external
parties, and active expansion into new business
portfolio
.
.
•
Global footprint
Established overseas business department
based on overseas portfolio to better allocate
global resources to organize R&D, production,
sales and customer service
• Strategically screened and planned global
development opportunities, and explore
overseas markets through production, marketing,
branding, distribution, capital markets, etc.
Digitalization strategy
Established a digital transformation office to
continuously promote the Company's
digitalization strategy
Operational level: Digitally upgrade the
manufacturing industry, reduce production costs,
and improve operational efficiency
Customer service: Medical information solutions
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