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SEGMENT REPORTING

12 Months Ended

Dec. 31, 2025

SEGMENT REPORTING

SEGMENT REPORTING

28.SEGMENT REPORTING

For the years ended December 31, 2023, 2024 and 2025, the Group had two operating segments, including network and hospital. The operating segments also represented the reporting segments. The Group’s CODM assess the performance of the operating segments based on the measures of revenues costs and gross profit (loss) by the network and hospital segment. Other than the information provided below, the CODM does not use any other measures by segments.

Summarized information by segments for the years ended December 31, 2023, 2024 and 2025 is as follows:

​

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31, 2025
​	​	Network	​	Hospital	​	Total
​	​ ​ ​	RMB	​ ​ ​	RMB	​ ​ ​	RMB	​ ​ ​	US$
Revenues from external customers		86,630		373,883		460,513		65,852
Cost of sales		(89,648)		(345,046)		(434,694)		(62,160)
Gross profit (loss)		(3,018)		28,837		25,819		3,692

​

​	​	​	​	​	​	​
​	​	For the year ended December 31, 2024
​	​	Network	​	Hospital	​	Total
​	​ ​ ​	RMB	​ ​ ​	RMB	​ ​ ​	RMB
Revenues from external customers		113,710		270,246		383,956
Cost of sales		(122,838)		(340,280)		(463,118)
Gross profit (loss)		(9,128)		(70,034)		(79,162)

​

​	​	​	​	​	​	​
​	​	For the year ended December 31, 2023
​	​	Network	​	Hospital	​	Total
​	​ ​ ​	RMB	​ ​ ​	RMB	​ ​ ​	RMB
Revenues from external customers		218,343	​	319,059	​	537,402
Cost of sales		(206,527)	​	(407,483)	​	(614,010)
Gross profit (loss)		11,816	​	(88,424)	​	(76,608)

​

​	​	​	​	​	​	​
​	​	As at December 31,
​	​	2024	​	2025	​	2025
​	​ ​ ​	RMB	​ ​ ​	RMB	​ ​ ​	US$
Segment assets		​		​		​
Network		2,354,543	​	2,129,126	​	304,461
Hospital		4,371,845	​	4,418,236	​	631,799
Total segment assets		6,726,388	​	6,547,362	​	936,260

​

Major Customers

For the year ended December 31, 2022, 2024 and 2025, one of the Company’s customers accounted for 12.8%, 15.6% and 4.1% of the Company’s total revenue, respectively.

Geographic Information

Net revenue by country is based upon the sales location that predominately represents the customer location. For the year ended December 31, 2023, 2024 and 2025, all of Group’s revenue was generated from PRC. Total long-lived assets excluding financial instruments, intangible assets, long-term investment and goodwill by country were as follows:

​

​	​	​	​	​	​	​
​	​	As at December 31,
​	​	2024	​	2025	​	2025
​	​ ​ ​	RMB	​ ​ ​	RMB	​ ​ ​	US$
PRC		4,400,026	​	4,353,057	​	622,479
Total long-lived assets		4,400,026	​	4,353,057	​	622,479

​

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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