Dental Doctor 2026H1: Revenue of RMB 940 million, up 16.93% YoY, Orthodontic Service Revenue up 24.07% YoY.

Source: Dr. Dental 2026 Interim Report

Revenue 940 million yuan / Net Profit Attributable to Shareholders of the Parent Company Up 37.15% / Orthodontic Service Revenue Up 40.02%

DentalGoodNews｜On August 26, 2026, Dental Doctor Medical Holding Group Co., Ltd. (hereinafter referred to as "Dental Doctor") released its 2026 semi-annual report. During the reporting period, the company achieved operating revenue of 940 million yuan, an increase of 16.93% year-on-year; net profit attributable to shareholders of the parent company was 90.9039 million yuan, up 37.15% year-on-year. Net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 88.2166 million yuan, up 39.54% year-on-year. During the reporting period, the company's overall gross margin was 50.98%, roughly flat compared with 50.94% in the same period of the previous year.

Source: Dr. Dental 2026 Interim Report

In terms of business structure, during the reporting period, orthodontic service revenue was 147 million yuan, up 24.07% year-on-year, while operating costs increased by 19.00% year-on-year. The cost growth rate was lower than the revenue growth rate, driving the gross margin up to 40.02%, and its share of total revenue increased from 13.08% in the same period of the previous year to 15.66%. During the same period, implant service revenue was 417 million yuan, up 8.28% year-on-year, with a gross margin of 64.16%, maintaining its position as the business segment with the highest gross margin; comprehensive oral service revenue was 375 million yuan, up 25.21% year-on-year, with a gross margin of 40.61%.

Source: Dr. Dental 2026 Interim Report

Financial indicators show that as of the end of the reporting period, the company's total assets were 1.696 billion yuan, up 8.88% year-on-year; total liabilities were 1.046 billion yuan, up 2.99% year-on-year; net assets attributable to shareholders of the listed company were 583 million yuan, up 18.79% year-on-year, with book value per share of 9.81 yuan, up 18.79% year-on-year. In terms of solvency, the company's asset-liability ratio on a parent company basis was 68.11%, up from 65.19% in the same period of the previous year, while on a consolidated basis it was 61.70%, down from 65.23% in the same period of the previous year; the current ratio increased from 1.22 to 1.33, and the interest coverage ratio increased from 21.49 times to 25.04 times, with overall solvency remaining stable.

In terms of operational efficiency, the accounts receivable turnover rate increased from 47.90 times to 59.70 times, and the inventory turnover rate increased from 87.30 times to 99.47 times. In addition, the company's net profit (including minority shareholders' equity) increased by 38.27% year-on-year, slightly higher than the 37.15% growth rate of net profit attributable to shareholders of the parent company. As of the end of the reporting period, the company's trading financial assets were 491 million yuan, mainly due to the company's increased subscription of low-risk wealth management products. Net cash flow from operating activities was 202 million yuan, up 44.39% year-on-year.

Source: Dr. Dental 2026 Interim Report

As of the end of the reporting period, the total number of employees at Dental Doctor increased from 4,410 at the beginning of the period to 4,824. In the first half of 2026, per capita revenue generation was approximately 194,800 yuan per person, an increase of 6.86% compared with 182,300 yuan per person in the same period of the previous year. The company stated that during this period, it improved operational efficiency through AI-based intelligent task allocation and process optimization, and enhanced diagnosis and treatment efficiency through its core standardized medical system.

In terms of market expansion, Dental Doctor continued to expand its presence in the East China regional market. During the reporting period, the company newly opened 1 oral medical service institution. As of the end of the reporting period, the company operated a total of 49 directly operated chain oral institutions across 15 cities in East China, of which 32 were located within Jiangsu Province and 17 outside Jiangsu Province, with an additional 4 institutions under construction. According to previous reports by DGN, Dental Doctor plans to invest no more than 200 million yuan to add new institutions and build a headquarters hospital in the East China region. In addition, the company submitted its IPO guidance filing to the Shanghai Stock Exchange in May 2026 and is currently in the listing guidance period.