Aesthetic Medical International Holdings Group Ltd. American Depositary Shares - AIH STOCK NEWS

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Aesthetic Medical International Holdings Group Ltd. (Nasdaq: AIH), known as “Peng’ai” in China, is a leading provider of aesthetic medical services in China. With over 20 years of clinical experience, AIH operates through a network of treatment centers spread across major cities, focusing primarily on the Guangdong-Hong Kong-Macau Greater Bay area and the Yangtze River Delta area.

AIH offers one-stop aesthetic service solutions, which include surgical aesthetic treatments, non-surgical aesthetic treatments, general medical services, and other aesthetic services. The company's extensive service offerings cater to a wide range of clientele seeking to improve their appearance through both surgical and minimally invasive procedures.

Recent Achievements:

• AIH successfully closed a Subscription Agreement with Jiechuang for RMB170 million to optimize its capital structure and supplement liquidity for future expansion.
• The company recorded a total revenue of RMB148.9 million in the first quarter of 2023, despite a challenging economic environment influenced by the COVID-19 pandemic.
• AIH’s strategic reduction in online advertising budgets and divestment of underperforming assets have contributed to a decrease in selling and administrative expenses.

Current Projects and Developments:

• Renovation of two flagship hospitals, enhancing their facilities and services to better cater to customer needs.
• Strengthening Standard Operating Procedures (SOP) and implementing robust training programs to improve service quality and customer satisfaction.
• Divestment of certain treatment centers to enhance operational efficiency and focus on core profitable areas.

Financial Performance:

• AIH reported a gross profit of RMB72.6 million in the first quarter of 2023, despite a year-on-year decrease due to temporary closures caused by the pandemic.
• The company’s adjusted EBITDA for the same period was RMB23.7 million, illustrating its continued operational robustness.
• AIH’s liquidity position improved significantly with cash and cash equivalents amounting to RMB115.4 million as of March 31, 2023.

Challenges and Strategic Responses:

• AIH has received notices from Nasdaq about non-compliance with the minimum bid price requirement but is taking measures, including a potential reverse stock split, to regain compliance and maintain its listing status.
• The company continues to monitor its financial performance closely and is implementing various strategies to enhance shareholder value and operational efficiency.

AIH remains committed to delivering high-quality aesthetic medical services and is optimistic about the future growth and expansion of its operations in China.