Zhonghua Oral 2025: Revenue of 59.17 Million Yuan Increases by Over 60%, Gross Profit Margin Rises to 48.78%

Image Source: Zhonggang Dental 2025 Annual Report

Revenue of 59.1752 Million Yuan, Up 61.71% YoY / Cumulatively Managed 41 Dental Clinics / Employee Efficiency Increased to 188,500 Yuan

DentalGoodNews | March 30, 2026, Beijing Zhonggang Dental Co., Ltd. (NEEQ:873323, hereinafter referred to as "Zhonggang Dental") released its 2025 Annual Report. The report shows that the company achieved operating revenue of 59.1752 million yuan in 2025, a year-on-year increase of 61.71%; net profit attributable to shareholders of the listed company was 3.0690 million yuan, a year-on-year increase of 47.33%【①P9】.

In 2025, Zhonggang Dental's net profit attributable to shareholders of the listed company after deducting Non-recurring Gains and Losses was 3.6708 million yuan, a significant increase of 774.08% compared to 420,000 yuan in the same period last year【①P9】. The difference between the Non-GAAP Net Profit and the Net Profit Attributable to Shareholders of the Parent Company was approximately 601,800 yuan, mainly affected by Non-recurring Gains and Losses items such as investment income (-594,400 yuan) and other income (152,900 yuan)【①P11】.

Image Source: Zhonggang Dental 2025 Annual Report

In 2025, the company's net profit was 11.2953 million yuan, accounting for 19.09% of operating revenue, an increase of 83.27% year-on-year; the profitability level of the company's main business improved, with the comprehensive gross profit margin rising from 42.19% in 2024 to 48.78%【①P9】.

From the perspective of expense and cost structure, with the rapid expansion of the company's scale, Zhonggang Dental's operational investment also increased simultaneously. In 2025, the company's sales expenses were 2.2570 million yuan, a sharp increase of 144.21% year-on-year, mainly due to increased market promotion investment【①P11】; administrative expenses were 12.6022 million yuan, an increase of 52.91% year-on-year, reflecting the rise in administrative management and operational costs brought about by the expansion of the enterprise scale【①P11】.

Image Source: Zhonggang Dental 2025 Annual Report

In terms of financial quality, Zhonggang Dental achieved a net cash flow from operating activities of 14.0556 million yuan in 2025, a year-on-year increase of 5.33%. The scale of cash flow exceeded the current period's Net Profit Attributable to Shareholders of the Parent Company, demonstrating strong cash acquisition capability【①P10】. On the asset side, as of the end of the reporting period, the company's total assets reached 61.7715 million yuan, an increase of 34.31% compared to the end of the previous year; the asset-liability ratio (consolidated basis) was 30.12%, an increase of approximately 5.61 percentage points compared to the end of the previous year【①P10】.

Image Source: Zhonggang Dental 2025 Annual Report

In terms of operational efficiency, according to the financial report disclosure, as of the end of 2025, the company had a total of 314 employees, an increase of 91 from 223 at the beginning of the period【①P32】. Based on the annual total revenue calculation, the company's overall employee efficiency (revenue per employee) in 2025 reached 188,500 yuan/person, a year-on-year increase of 14.87% compared to 164,100 yuan/person in 2024【①P9, P32】. The employee education structure shows that 94 people have a bachelor's degree or above (including 2 doctors and 5 masters), accounting for 29.94% of the total employees; 192 people have a college degree, accounting for 61.15%【①P32】. Medical staff, as the core of the business, numbered 176 at the end of the period, accounting for more than half of the total staff【①P32】.

In terms of business expansion, as of March 30, 2026, Zhonggang Dental has invested in and managed a total of 41 dental clinics, of which 35 are controlled and 6 are participated in【①P7】. During the reporting period, the company completed several strategic acquisitions through its wholly-owned subsidiary Beijing Kanggang Technology Co., Ltd., including acquiring a 5% equity stake in Hunan Dayayi Health Management Co., Ltd. for 1,000 yuan, as well as acquiring a 51% equity stake in Yantai Meida Dental Hospital, a 51% equity stake in Hefei Hanze Dental, a 51% equity stake in Angel Call Dental Clinic (Chongqing), a 51% equity stake in Zhanjiang Shuntian Dental Clinic, and a 51% equity stake in each of Ningbo Beilun Ningdong/Ningkou Boluo Tree Dental Clinic, etc.【①P23-24】. In addition, the company also established two controlled subsidiaries, Longkou Zhonggang Baixu Dental Hospital and Jinan Zhonggang Health Management Co., Ltd.【①P24】.