"Profit Warning" HYGEIA HEALTH forecasts a 34%-39% decline in net profit for the half year

HYGEIA HEALTH (06078.HK) issued a profit warning, expecting a year-on-year revenue decline of 15%-17% for the six months ending in June; net profit is expected to decline by 34%-39%; adjusted net profit is expected to decline by 32%-37%. This is mainly due to industry impacts such as centralized procurement, DRG payment reform, and macroeconomic influences, as well as increased depreciation and amortization from newly opened hospitals. In the first half of the year, the net cash generated from operating activities is expected to increase by approximately 28%-32%