Financial Results 12/11/13 – Chindex International, China Yuchai International

Chindex International, Inc. Reports Financial Results for Third Quarter and First Nine Months of 2013

**Chindex owns United Family Hospitals, which runs Beijing United hospital. I once wrote a profile of CEO Roberta Lipson.**

Third Quarter 2013 Financial Highlights
  • Revenue from healthcare services increased 16% to $43.1 million from $37.3  million in the prior year period.
  • Adjusted EBITDA was $5.0 million, compared to $6.0 million in the prior  year period.
  • Development, pre-opening and start-up expense was $4.9 million, compared  to $2.7 million in the prior year period.
  • Loss from operations was $2.8 million, compared to income from operations  of $1.5 million in the prior year period.
  • Net loss was $3.8 million, or $(0.23) per diluted share, compared to net loss of $664,000, or $(0.04) per diluted share, in the prior year period.
  • Full year guidance adjustment primarily due to government regulatory delays.

China Yuchai International Announces Record Third Quarter Net Revenue

Financial Highlights for the Third Quarter of 2013
  • Net revenue increased 21.6% to RMB 3.7 billion (US$ 608.7 million)  compared with RMB 3.1 billion in the third quarter of 2012;
  • Gross profit rose 25.7% to RMB 781.5 million (US$ 127.1 million), with a  gross margin of 20.9% compared with RMB 621.5 million and a gross margin  of 20.2% in the third quarter of 2012;
  • Operating profit increased 17.4% to RMB 252.8 million (US$ 41.1 million)  compared with RMB 215.2 million in the same quarter a year ago;
  • Earnings per share were RMB 2.86 (US$ 0.46) compared with RMB 2.98 in the  third quarter of 2012;
  • Total number of diesel engines sold rose 21.5% to 118,282 units compared  with 97,328 units in the third quarter of 2012.
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