Dental Doctor Completes First Phase of Shanghai Stock Exchange IPO Coaching: First-Half Revenue of 940 Million Yuan, Up About 17% Year-on-Year

Source: Report on the Progress of the First Phase of Coaching for the Initial Public Offering and Listing of Dental Doctor Medical Holding Group Co., Ltd.

DentalGoodNews｜On October 8, 2026, Dongwu Securities Co., Ltd. issued the "Report on the Progress of Coaching Work for the Initial Public Offering and Listing of Dental Doctor Medical Holding Group Co., Ltd. (Phase I)", reporting to the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Jiangsu Regulatory Bureau") on the coaching progress of Dental Doctor Medical Holding Group Co., Ltd. (Stock Code: 874689, hereinafter referred to as "Dental Doctor"). The report stated that Dental Doctor has initially established corresponding systems in financial accounting, internal control, and corporate governance mechanisms, but against the regulatory standards for listed companies, there is still room for further refinement and optimization.

According to previous reports by DGN, Dongwu Securities and Dental Doctor signed the "Coaching Agreement" on May 29, 2026, and submitted the coaching filing application materials to the Jiangsu Regulatory Bureau on the same day, officially launching the IPO coaching procedure for the Shanghai Stock Exchange. The Jiangsu Regulatory Bureau accepted the filing on June 4, 2026.

In terms of governance structure, the report listed the following preliminary issues: Dental Doctor had not appointed independent directors and had not abolished the board of supervisors, which fell short of the "Code of Corporate Governance for Listed Companies" and the governance requirements of the proposed listing board. During the coaching period, the company held the 14th meeting of the second board of directors on June 22, 2026, at which resolutions were deliberated and passed to appoint independent directors, abolish the board of supervisors, and establish an audit committee of the board of directors; on July 8, 2026, the second extraordinary shareholders' meeting of 2026 deliberated and passed the relevant resolutions, appointing Wang Shiwen, Huang Zhongsheng, and Yan Kang as independent directors of the second board of directors, with the powers of the board of supervisors transferred to the audit committee of the board of directors.

This report proposed that in the next stage, the coaching team will continue to promote the standardization of Dental Doctor's corporate governance, financial, and internal control systems and urge rectification, strengthen training for directors and senior management personnel (covering main board positioning, regulatory requirements, and information disclosure rules), and dynamically track the implementation of rectification measures.

Source: Dental Doctor 2026 Semi-Annual Report

In terms of financials, Dental Doctor achieved operating revenue of 940 million yuanin the first half of 2026 (January-June), a year-on-year increase of 16.93%; net profit attributable to shareholders of the parent company  was 90.9039 million yuan, a year-on-year increase of 37.15%. Operating revenue for the same period last year was 804 million yuan, and net profit attributable to shareholders of the parent company was 66.2830 million yuan.

Source: Dental Doctor 2026 Semi-Annual Report

By business segment, implant services revenue was 417 million yuan, a year-on-year increase of 8.28%; orthodontic services revenue was 147 million yuan, a year-on-year increase of 24.07%; comprehensive services revenue was 375 million yuan, a year-on-year increase of 25.21%. All three businesses achieved growth, with orthodontics and comprehensive services growing faster than overall revenue. As of June 30, 2026, the company operates 49 directly-operated dental chain institutions in 15 cities in East China, with 4 more under construction.