瑞尔集团2023中期报告

A r r a i lG r o u p L i m i t e d (Incorporated in the British Virgin Islands with limited liabilityand continued in the Cayman Islands) Company Profile We are a leading dental services group and have established anationwide footprint in China, operating both Arrail Dental, a leadingpremium dental services brand, and Rytime Dental, a middle-enddental services brand. Our mission is to give each of our patients a healthy and confidentsmile. Our vision is to become a world-leading dental services group. We have been providing dental services since we opened our firstArrail Dental clinic in 1999. We offer a diverse range of professional,personalized dental services spanning (i) general dentistry; (ii)orthodontics; and (iii) implantology. Through decades of commitmentand endeavors in the dental healthcare industry, we have earned thetrust of our patients. 1999(i)(ii)(iii) Corporate Information2Financial and Business Highlights5Management Discussion and Analysis8Corporate Governance and Other Information37Report on Review of Interim Financial Information52Interim Condensed Consolidated Income Statement54Interim Condensed Consolidated Statement ofComprehensive Income/(Loss)56Interim Condensed Consolidated Balance Sheet57Interim Condensed Consolidated Statement of Changesin Equity59Interim Condensed Consolidated Statement of Cash Flows61Notes to the Interim Condensed ConsolidatedFinancial Information63Definitions and Glossary of Technical Terms105 Arrail Group Limited2 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. ZOU Qifang () (Chairman)Ms. XIN Qin JessieMr. ZHANG Jincai ()Mr. ZOU Jianlong () Independent Non-executive Directors Ms. LIU Xiaomei MichelleMr. SUN Jian ()Mr. ZHANG Bang () AUDIT COMMITTEE Mr. ZHANG Bang () (Chairman)Ms. LIU Xiaomei MichelleMr. SUN Jian () REMUNERATION COMMITTEE Mr. SUN Jian () (Chairman)Ms. LIU Xiaomei MichelleMr. ZHANG Bang () NOMINATION COMMITTEE Mr. SUN Jian () (Chairman)Ms. LIU Xiaomei MichelleMr. ZHANG Bang () AUTHORISED REPRESENTATIVES Ms. XIN Qin JessieMs. AU Wai Ching () COMPANY SECRETARY ACG (CS, CGP), HKACG(CS, CGP) Ms. AU Wai Ching ()ACG (CS, CGP), HKACG (CS, CGP) REGISTERED OFFICE Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN THE PRC 36A10 10F, Building ANo. 36, Louzizhuang RoadGemdale Matrix CenterChaoyang DistrictBeijing, the PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 24840 40/F, Dah Sing Financial Centre248 Queen’s Road EastWanchaiHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong HONG KONG LEGAL ADVISOR 1526 Kirkland & Ellis26th Floor, Gloucester TowerThe Landmark15 Queen’s Road CentralCentralHong Kong Arrail Group Limited4 Corporate Information AUDITOR PricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong COMPLIANCE ADVISOR 7119 First Shanghai Capital Limited19/F, Wing On House71 Des Voeux Road CentralCentralHong Kong STOCK CODE 6639 6639 www.arrailgroup.com COMPANY’S WEBSITE www.arrailgroup.com 20223 22 LISTING DATE March 22, 2022 PRINCIPAL BANKS 51 The Hongkong and Shanghai Banking Corporation Limited(Beijing Branch)1F, Fortune Financial Center5 Dongsanhuan Zhong RoadChaoyang DistrictBeijing, the PRC 88 Shanghai Pudong Development Bank (Jingan Branch)88 Shimen Second RoadJingan DistrictShanghai, the PRC Our core strength continued to enhance and turned around to record a net profit Revenue reached a record high and a profit wasrealized as expected Oneclinic andonehospital were newly opened,andsixclinics were upgraded The total revenues were RMB886.2million, gross margin was22.9% and net profit was RMB6.2million886.222.9%6.2 45dentists were added45 Efficiency continued to improve and EBITDA doubledEBITDA Financial and Business Highlights Our revenues increased by 14.9% from RMB771.6 million for sixmonths ended September 30, 2022, to RMB886.2 million for six monthsended September 30, 2023, primarily due to the business recoveryafter COVID-19 and the increase in the number of patient visits. 2022930771.614.9%2023930886.2COVID-19 2022930167.221.3%2023930202.9 Our gross profit increased by 21.3% from RMB167.2 million for sixmonths ended September 30, 2022, to RMB202.9 million for six monthsended September