Zhitong Finance APP learned that on November 25, 2020 Beijing time, New Oxygen Technology (SY.US) released its third quarter 2020 financial report. According to the financial report data of
, as of September 30, 2020, the total revenue of New Oxygen Technology in the third quarter was 359.6 million yuan, a year-on-year increase of 18.9%. Non-US GAAP net profit is RMB 26.4 million. The average monthly active users of New Oxygen Mobile is 8.7 million, a year-on-year increase of 153.7%. The total number of paying users for booking services is 251,928, and the number of paying medical institutions is 4,096, a year-on-year increase of 26.8%. In this quarter, the new oxygen platform facilitated a total of over 1.1 billion yuan in medical and aesthetic services transactions.
In the post-health event era, New Oxygen Technology uses precise user operations, merchant screening and empowerment strategies to efficiently link the supply side and the demand side, driving the medical beauty industry to accelerate the internal cycle.
Financial highlights for the third quarter of 2020
total revenue was 359.6 million yuan (53 million U.S. dollars), an increase of 18.9% from 302.4 million yuan in the same period in 2019, in line with company guidelines.
Non-GAAP net profit was RMB 26.4 million (US$3.9 million), and the net profit for the same period in 2019 was RMB 40.5 million.
Business highlights in the third quarter of 2020
The average monthly active users ("MAU") of the new oxygen mobile terminal reached 8.7 million, an increase of 153.7% from 3.4 million in the same period in 2019. The total number of paying users of
booking service is 251,928, and the total amount of medical aesthetic service transactions facilitated by the new oxygen platform is RMB 1.101 billion. The number of paying medical institutions on the
new oxygen platform was 4,096, an increase of 26.8% from 3,230 in the same period in 2019. Mr. Jin Xing, Chairman and CEO of
New Oxygen Technology, said: “As health incidents have entered the normalization of prevention in the country, the medical beauty and health industries have gradually recovered, and we have achieved steady performance in the third quarter. In order to continue to expand the number of users and medical professionals To form a community, we have adopted a simple strategy: by recommending reliable doctors, providing multi-level content and supporting medical plans to help users make rational decisions, and increase users’ trust in the platform. Our efforts have achieved significant results in the third quarter. The average monthly active users of the new oxygen mobile terminal increased to 8.7 million, a year-on-year increase of 154%; the number of paid medical institutions on the platform increased to 4,096, a year-on-year increase of 27%." Mr. Z2z
Jin Xing also said: "In the third quarter, we promoted user growth and user growth. One of the two measures of participation is the release of the second edition of the Emerald Doctor List. This special service is becoming the quality standard of the medical beauty industry, and the monthly homepage visits of the listed doctors have increased by 40%. In addition, through the new oxygen For the experience officer project, we have carried out a user education content ecology. As of October this year, the New Oxygen Experience Officer project has generated nearly 8,500 high-quality articles and attracted 481,000 sign-ups. At the same time, in order to consolidate us as the preferred platform for users and medical professionals In particular, for non-surgical projects, we continue to improve user performance experience and overall user experience. We believe that through excellent management, strategic layout and business innovation, we will further strengthen our leading position in the industry." Z2z
Xinyang Technology CFO Yu Min Mr. said: "We have closely monitored the industry recovery and consumer confidence in the core target market. In the third quarter, we grasped the recovery trend after the health incident and were satisfied with our performance. We will continue to work on optimizing resources. In order to promote user participation, platform stickiness and traffic growth, to provide real value-added service support for medical and aesthetic professionals and institutions. We believe that focusing on improving the new oxygen brand and building the new oxygen ecology as a synonym for trust and high-quality user experience Long-term sustainable growth is essential."
