医脉通中期报告2025

Medlive Technology Co., Ltd. (Incorporated in the Cayman Islands with limited liability) Stock Code: 2192 Interim Report2025中期 報告 Contents目錄 Business Overview and Outlook4 Management Discussion and Analysis16 Unaudited Interim Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income27 Unaudited Interim Condensed Consolidated Statement of Financial Position29 Unaudited Interim Condensed Consolidated Statement of Changes in Equity31 Notes to Unaudited Interim Condensed Consolidated Financial Information35 Other Information53 Corporate Information公司資料 BOARD OF DIRECTORSExecutive Directors Ms. Tian Liping(Chairwoman and Chief Executive Officer)Mr. Tian Lixin(President)Mr. Tian LijunMs. Zhou Xin Non-Executive Directors Mr. Eiji TsuchiyaMr. Kazutaka Kanairo Independent Non-Executive Directors Mr. Richard YehDr. Ma JunMs. Wang Shan AUDIT COMMITTEE Ms. Wang Shan(Chairwoman)Mr. Richard YehDr. Ma Jun NOMINATION COMMITTEE Ms. Tian Liping(Chairwoman)Mr. Richard YehDr. Ma JunMs. Wang Shan REMUNERATION COMMITTEE Mr. Richard Yeh(Chairman)Dr. Ma JunMs. Wang Shan COMPANY SECRETARYMs. Yang Yanling 1617 HONG KONG SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE IN THE CAYMAN ISLANDS PO Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands PO Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands AUTHORIZED REPRESENTATIVES Mr. Tian LijunMs. Yang Yanling AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong www.medlive.cn COMPANY’S WEBSITEwww.medlive.cn 2192 STOCK CODE2192 54 HEADQUARTERS IN THE PRC Yimaitong MansionHuangqu East Road No. 5 Courtyard Building 4Chaoyang District, BeijingPRC CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 131 31/F., Tower Two, Times Square1 Matheson StreetHong Kong PRINCIPAL BANKS Bank of Beijing Co., Ltd.The Industrial Bank Co., Ltd.China CITIC Bank Corporation LimitedDBS Bank (China) LimitedChina CITIC Bank International LimitedDBS Bank (Hong Kong) LimitedPing An Bank Co., Ltd.Bank of China (Hong Kong) LimitedChina Merchants Bank Co., Ltd. Business Overview and Outlook業務概覽及展望 BUSINESS REVIEW In the first half of 2025, the regulatory environment of China’shealthcare industry continued to be optimized, and the rule oflaw, innovation and digitization have become the core driversof the high-quality development of the healthcare industry. Thelaunch of the Law on Medical Security (Draft) (()) marked the acceleration in the progress of the industry’srule of law. The Several Measures to Support the High-QualityDevelopmentof Innovative Drugs(),jointly issued by the National Health SecurityAdministration and the National Health Commission, combinedwiththe standardization of medical anti-corruption work andthe more stringent compliance review mechanism have mutuallydevelopeda good ecosystem that stimulates innovation andregulates its operation. The in-depth empowerment of artificialintelligence(“AI”)technology has provided a solid foundationfor the optimization and upgrading of the healthcare industry,whichhas further promoted the performance and innovationof pharmaceutical and medical device companies in terms ofacademicpromotion,education of physicians and servicesforpatients.With the dual support of policy tailwinds andtechnologicalempowerment,the demand for precision digitalmarketing has shown a sustainable growth trend. 2025AI 7488%250278 Weare the leading online professional physician platform inChina. With nearly 30 years of experience in serving Chinesephysicianusers,we rely on our strong technical advantagestodrive our business expansion.We have built a servicesystem that connects physician users’ high-frequency demandscenarios, such as academic development, scientific researchexploration and clinical decision-making. Our platform has over7million registered users,of which more than 4 million arelicensedphysicians,accounting for 88%of the total numberoflicensed physicians in China.Based on our extensiveexploration of users’ needs, we continued to update and iteratetheprofessional medical tools on our platform,enrich theprofessional medical content on the platform, and expand thecoverageof user scenarios.As a result,our platform’s useractivity level has continued to grow steadily over time. DuringtheReporting Period,the average number of MAUs(withoutduplication) on our platform increased to 2.78 million from 2.50million in the same period last year. Business Overview and Outlook業務概覽及展望 AI With a relatively high coverage rate among Chinese physicianusers and relatively high us