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MARKETS / BALCAO / PAIYY
BALCAO · SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC · SMALL CAP

Aesthetic Medical International Holdings Group Ltd. PAIYY

8 fiscal years on record · CNY · FY2024 reported · SEC filings only
CNY 755.7M
▲ 10.7% YoY
CNY -19.9M
CNY 49.1M
▲ 157.7% YoY
In brief

What this company does

The company provides one-stop aesthetic service offerings that include surgical aesthetic treatments such as eye surgery, rhinoplasty, breast augmentation and liposuction; non-surgical aesthetic treatments such as minimally invasive and energy-based laser, ultrasound and radiofrequency treatments; and other aesthetic services such as cosmetic dentistry, as well as general medical services. As of the date of the annual report, the company had a network comprising 9 wholly- or majority-owned treatment centers spread across major cities in China, with a focus in the Guangdong-Hong Kong-Macau Greater Bay area and the Yangtze River Delta area. The company's network has grown since its operations commenced in 1997. In 2025, surgical and non-surgical aesthetic treatments together accounted for 92.4% of the company's revenue, while general healthcare and other aesthetic services accounted for 7.6%. In 2025, the company had 156 doctors, full-time and part-time.

Written from the business description in Aesthetic Medical International Holdings Group Limited's annual report to the U.S. Securities and Exchange Commission, filed 23 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 755.7M
Revenue, FY2024 · full 8-year series below
Revenue CNY M Net income CNY M
FY2024 · Revenue 755.7 · Net income -19.9
400M800M-200M-400M20172018201920202021202220232024
Compound annual growth
+5.4%
−2.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Net -3.3%
5%10%15%-50%-100%20172018201920202021202220232024
ROE
FY2024 · ROE -50.3%
50%100%-200%-400%20172018201920202021202220232024

Each CNY of equity lost 50 cents this year.

Cash & shareholders
CNY 2.0M
returned in FY2024 · dividends + net buybacks
Free cash flow CNY M
FY2024 · FCF 49.1
20M40M-40M20172018201920202021202220232024
Net buybacks CNY M Dividends CNY M
FY2024 · Dividends — · Net buybacks 2.0
0.8M1.6M20202024

CNY 2.0M in buybacks went back to shareholders in a year without profit.

Total assetsCNY 486.2M
EquityCNY 30.5M
CashCNY 42.8M
Gross debtCNY 85.9M
Net debtCNY 43.1M

Net debt stands at 142% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20242023202220212020201920182017
Revenue CNY B0.80.70.70.60.90.90.80.7
Operating income CNY B········
EBITDA CNY B········
Income tax CNY B0.0−0.0−0.0−0.0−0.00.00.00.0
Net income CNY B−0.0−0.0−0.1−0.6−0.20.1−0.3−0.1
Free cash flow CNY B0.00.0−0.10.0−0.00.0−0.00.0
EPS, diluted CNY −0.14−0.28−0.93−8.89−3.61−0.78−6.22−1.87
Dividend / sh CNY ········
Payout %········
ROE %−50.3··−500.9−50.2101.3··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Specialty Outpatient Facilities, NEC
Listed onOTC market
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2017

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