Angelalign Announces 2021 Annual Results
HONG KONG, Mar 25, 2022 - (ACN Newswire via SEAPRWire.com) - Angelalign Technology Inc. ("Angelalign" or "Company"; stock code 6699) was pleased to announce the audited consolidated annual results of the Group for the year ended December 31, 2021 (the "Reporting Period") today. In 2021, the company achieved robust business growth amid the market volatility and challenge. The company recognized total revenue of RMB1,271.7 million, representing a year-over-year growth of 55.7%, of which 93.1%, 5.3% and 1.6% were generated from provision of clear aligner treatment solutions, sales of intraoral scanner and provision of other services, respectively. It is gratifying to note that revenue generated from its core business, namely the clear aligner treatment solutions, achieved a year-over-year growth of 48.2%, despite the impact of external headwinds. In addition, leveraging its refined operational management capabilities, the company delivered steady earnings growth, with the adjusted EBITDA increasing by 40.7% year-over-year to RMB417.5 million, and the adjusted net profit increasing by 52.9% year-over-year to RMB347.5 million.Continuously penetrate into the digital orthodontics market a...
