HK Stock Market Move | HYGEIA HEALTH (06078) rose more than 5% in the morning, and the company's revenue growth rate in the second half of the year stabilized compared to the same period last year. Profit resilience is increasing.

HYGEIA HEALTH (06078) rose by more than 5% in the morning, as of the time of writing, it has increased by 5.66% to 14.73 Hong Kong dollars, with a turnover of 87.8728 million Hong Kong dollars. On the news front, recently, HYGEIA HEALTH released its performance forecast for 2025. China Securities Co., Ltd. pointed out that the company achieved revenue of 2.01-2.06 billion yuan in the second half of 2025, a year-on-year decrease of 0-3%, with adjusted net profit of about 188-228 million yuan, a year-on-year decrease of -7% to +13%, and operating cash flow year-on-year growth of 36% to 53%. The company's hospitals are relatively evenly distributed nationwide, and the revenue growth rate of the company in the second half of 2025 is stabilizing. Looking forward to 2026, with the impact of DRGs payment reform on average hospitalization expenses decreasing year-on-year, the overall revenue growth rate of the company is expected to turn positive. Lyon believes that although HYGEIA HEALTH issued a profit warning, it believes that the performance decline has basically bottomed out. Specifically, the company's revenue in the second half of the year is expected to decrease by 2% to about 2 billion yuan, while the adjusted net profit, not in accordance with international financial reporting standards, is expected to increase by 3%, indicating that profitability resilience is improving; the stabilization of adjusted net profit is a positive signal of operational execution strength. Looking forward to 2026, key growth drivers for HYGEIA HEALTH include expanding non-national medical insurance catalog revenue, increasing utilization rates of existing hospitals, and reducing debt ratios to drive operating leverage and rebuild profit margins.