Photo/Shetuwang

May 31 (NBD) -- China's largest physical examination center operator Meinian Onehealth Healthcare Holdings Co., Ltd. (002044.SZ) made an announcement Thursday, in reply to the Shenzhen Stock Exchange's query concerning the Goodwill and financing structure of the listed company.

With regard to the fact that during the reporting period of 2017, the company's Goodwill was worth 4.046 billion yuan (630.8 million U.S. dollars), accounting for 32.42 percent of the total assets, but no impairment provisions had been considered, Meinian Onehealth clarified that no asset groups or combination of asset groups saw their recoverable amount lower than the book value, hence no impairment provisions needed.

The financial results of 2017 also shows that the listed company currently has over 400 medical services and examination centers, and the figure will rise to 600 by the end of this year. Besides, during the reporting period for the year 2017, the net cash flow from investment activities stood at -2.014 billion yuan (-314.0 million U.S. dollars), but the short-term debts accounted for 66.16 percent of the company's total debts. With regard to the short-term financing structure, Meinian Onehealth explained that the short-term loans took up only 38.93 percent of the total in January this year, and no short-term loan had been diverted for long-term use.

Email: gaohan@nbd.com.cn