Hot PROJ >> JHCC Announces the Three Quarters of 2016 Results

November 14, 2016-JRSIS HEALTH CARE CORP ORATION(JHCC),a full medical service hospital group serving in Harbin City of Heilongjiang,announced financial results for the quarter ended September30, 2016.


"JHCC had another strong performance this quarter with revenue of $4.26 million increased 45% or $1.33 million more than the same period last year of $4.26 million," said Xuewei Zhang, CFO of JHCC.“We continue to be excited about the growth in our healthcare businesses and full of hope.”



Financial Summary for nine months ended September 30 2016 and 2015




JRSIS HEALTH CARE CORP ORATION reported consolidated revenues of $12.96 million for the nine months ended September 30, 2016 an increase of 61% compared to the nine months of 2015. The increase was primarily a result of the number of treated inpatients growing to 10,558 patients, about 3,230 more than the 7,328 patients treated in nine months ended September 30, 2015.


For the nine months ended September 30, 2016, Net income was $3.68million, an increase of $2.08 million or 130% compared to the same period of 2015. EBITDA was$5.50 million,an increase of 75% compared to the same period of 2015. For the nine months ended September 30, 2016 and 2015 total operating costs and expenses was $9.28 million and $6.48 million, respectively.


Financial Summary for the three months ended September30 2016 and 2015



JRSIS HEALTH CARE CORPORATION reported consolidated revenues of $4.26 million for the three months ended September 30, 2016, an increase of 45% compared to the same period of 2015. The increase was primarily a result of the number of treated inpatients growing to 3,410 patients, about 842 more than the 2.568 patients treated in three months ended September 30, 2015.


For the three months ended September 30, 2016, the net income was $1.17million,an increase of $0.57million or 96% compared to the same period of 2015. EBITDA was$1.79 million,an increase of 57% compared to the same period of 2015. For the three months ended September 30, 2016 and 2015 total operating costs and expenses  was $3.09 million and $2.33 million, respectively.



History of Strong Growth




Q2 FinancialHighlights:

Revenues-JHCC had another strong performance this quarter,with revenue increased 45% compared to the same period of 2015, at$4.26 million.

Property and equipment-JHCC purchased$1.55 million worth equipment for the hospital for three quarter of 2016.



FORWARD-LOOKING STATEMENTS

This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. All statements included in this press release, other than statements of historical facts, address matters that JRSIS HEALTH CARE CORPORATION (“thecompany“or“JHCC”) reason ably expects, believes or anticipates will or may occur in the future. These statements are made on the basis of management‘s current views and assumptions. As a result, there can be no assurance that management’sexpectations will necessarily come to pass. Such statements are subject to various as sumptions, risks and uncertainties. In vestors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially as those discussed in the JHCC‘s reports filed with the Securities and Exchange Commission from time to time.


MoreinformationaboutJHCC:

www.jhcc.cn

https://www.sec.gov/Archives/edgar/data/1597892/000114420416133532/v452361_10q.htm




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