Ruili Medical Co., Ltd. went to Hong Kong for IPO and was punished for practicing medicine without certificate and issuing prescription without certificate for many times

Recently, Ruili Yimei International Holding Co., Ltd (hereinafter referred to as "Ruili Yimei") submitted IPO prospectus to the main board of the Hong Kong stock exchange However, as a company widely regarded as "profiteering", Ruili medical beauty is not considered to be of good quality It is not only small in scale and low in industry ranking, but also subject to administrative punishment for repeatedly employing unlicensed personnel to practice medicine and prescribe prescription drugs With a revenue of less than 200 million, Ruili Medical Beauty Co., Ltd is only the fifth in the industry in Zhejiang According to the prospectus, since its operation in 2008, Ruili Medical Beauty Co., Ltd currently has four private medical beauty institutions in Zhejiang and Anhui provinces At present, Ruili medical beauty mainly provides four services, one is beauty surgery service, that is, beauty surgery diagnosis and treatment for multiple parts of the face and body; the second is minimally invasive beauty service, which mainly refers to beauty injection diagnosis and treatment; the third is skin beauty service, which mainly includes all kinds of beauty energy diagnosis and treatment; the fourth is medical beauty management consulting service In 2017, 2018 and the first nine months of 2019, Ruili Yimei achieved operating revenue of 113 million yuan, 159 million yuan and 138 million yuan respectively Based on the operating revenue of medical beauty services in 2018, Ruili medical beauty's market share in Hangzhou is about 4.0%, less than one quarter of the industry leaders in Hangzhou, ranking fourth and fifth among all private medical beauty enterprises in Hangzhou and Zhejiang Province On the whole, the scale of Ruili medical beauty is not large and its industry competitiveness is not strong Many times, unlicensed personnel were employed to practice medicine and prescriptions were punished in the disorderly medical and beauty industry, and Ruili medical and beauty failed to do its own good, even in the months before IPO due to unlicensed practice According to Wanwu Jingwei medical punishment (2019) No 10, Ruili medical beauty hired Yang Jing, a person without the qualification of doctor practice, to carry out laser medical beauty activities in the beauty dermatology clinic of the outpatient department from January 2019 to may 2019, and was punished by the health and Health Committee of Jinghu District, Wuhu City on August 30, 2019 This is not an isolated case In 2017, Ruili Yimei was punished by Ruian health and Family Planning Bureau for using non-health technical personnel to engage in medical and health technical work In addition, in 2017 and 2016, Ruili Yimei was punished by Hangzhou West Lake District Health and Family Planning Bureau and Wuhu Jinghu District food and drug administration, respectively, for using the person who did not obtain the prescription right to issue a prescription and selling the imported cosmetics without approval or inspection As for the false publicity and illegal advertisement in the medical beauty industry, Ruili medical beauty is also a frequent offender, and has been repeatedly punished by relevant departments The industry competition is fierce, and the net profit drops continuously The outside world generally thinks that the medical beauty industry belongs to the profiteering industry, but the actual upstream treatment Suppliers account for the majority of the gross profit The net profit of medical beauty institutions in the downstream of the industry has been low, and there is a downward trend in recent years The profit level of Ruili medicine is the same According to the data, although the operating revenue has increased, it can't offset the growth rate of the expense side The net interest rate of Ruili medical beauty decreased from about 15.4% in 2017 to 11.6% in 2018 and further reduced to about 3.1% in the nine months ended September 30, 2019 By the end of 2018, there are more than 10000 registered medical and American institutions in China In addition, there are a large number of illegal medical institutions in the medical market According to the statistics in the black book of China's medical and beauty industry in 2017, the number of illegal medical and beauty institutions has exceeded 60000, six times that of regular clinics In Hangzhou, the base of Ruili medical beauty and the main market, there are about 300 regular medical beauty institutions alone, which can be seen from the intensity of market competition No matter from the perspective of revenue, coverage area and market share, Ruili medical beauty is only a regional small and medium-sized formed medical beauty organization In the case of fierce market competition, the industry needs to be standardized, and there are many cases of non-compliance operation penalties, even if this IPO is successful, the future development of Ruili medical beauty is also facing great uncertainty Penicillin