HONG KONG, Mar 25, 2022 - (ACN Newswire) - 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 and strengthen its diversified product portfolio
With a profound understanding of the medical principles and practices of digital orthodontics and insight into the needs of various dental professionals and patients in China, the company have built a diversified product portfolio and currently market four lines of clear aligners with a variety of unique features that appeal to different user segments, including Angelalign that targets the mass market, Angelalign Pro that targets the high-end market, Angelalign Kid that focuses on early intervention for children, and COMFOS as a good value-for-money product.
During the Reporting Period, the company had 183,200 case shipments, representing a year over-year increase of 33.1%. Specifically, the case shipments of Angelalign , Angelalign Pro , Angelalign Kid and COMFOS achieved a year-over-year growth rate of 10.4%, 52.5%, 116.0% and 56.2%, respectively.
Optimize the digital treatment experience and achieve all-round empowerment with medical-centric and intelligent technological services
To optimize the digital treatment experience, the company expanded its business into sales of intraoral scanners in 2021, which allows dental professionals to significantly improve their communication efficiency with prospective patients. Leveraging the compatibility of Make It with major intraoral scanners, which is a built-in case assessment support module of iOrtho, its cloud-based service platform, dental professionals can present to a prospective patient an image of his or her own current dentition next to the simulated post-treatment position through a dual view layout within a few minutes of intraoral scanning.
The company believes that large-scale, systematic, and continuous professional training in clear aligner treatment helps develop dental professionals' recognition of, and confidence in, Angelalign's services. In 2021, the company continued to empower more Chinese dental professionals with varying levels of sophistication by further optimizing its training content and curriculum around the treatment process and core issues in clinical practice. During the Reporting Period, the company served approximately 25,000 dental professionals, representing a year-over-year increase of 25.6%.
Integrate interdisciplinary capabilities in five major areas and continuously invest in R&D initiatives to make continuous breakthroughs in product and technology development
Benefiting from its long-term investment of R&D resources, the company has established strong interdisciplinary R&D capabilities in five major areas, including clinical stomatology, biomechanics, materials science, computer science and intelligent manufacturing technologies. Based on these interdisciplinary R&D capabilities, the company has developed reliable technology and data platforms, including masterForce , masterControl and artificial intelligence multimodal biological data platform ME . In 2021, the company achieved a series of innovative results in materials, technologies, software and equipment, which focus on product performance, clinical convenience, optimization of treatment planning and differentiation of products and technical services.
The company has formulated the industry standard of "Dentistry - Orthodontics Appliance Diaphragm" in collaboration with Peking University Hospital of Stomatology. The company also obtained the approval by the National Standardization Technical Committee for Oral Materials and Instruments (SAC/TC99) of another industry standard project of "Dentistry - Bracket-free Diaphragmtype Orthodontic Appliance" in 2021. During the Reporting Period, the company incurred R&D expenses of RMB123.1 million, accounting for 9.7% of its revenue. As of December 31, 2021, the company had registered 117 patents, and 16 software copyrights.
The company has established good cooperation with many renowned stomatology schools and universities in China. The company has proactively conducted industry-academia research cooperation and prioritized the application of scientific research results and other industrialization achievements. Over the recent years, the company has set up special research funds for orthodontics with the Ninth People's Hospital, Shanghai Jiaotong University School of Medicine, Peking University Hospital of Stomatology, Sichuan University Huaxi Stomatology Hospital and Wuhan University Stomatological Hospital, respectively, to carry out joint R&D initiatives. The company also conducted research on orthodontic materials with the State Key Laboratory of Molecular Engineering of Polymers of Fudan University, the preliminary research results of which has been accepted by Regenerative Biomaterials, an SCI journal published by the Oxford University Press
Continue to enhance brand awareness and academic influence
As a leader in driving the development of China's clear aligner treatment industry, "Angelalign" has become the best known and the most trustworthy domestic brand among China's clear aligner treatment solution providers. In 2021, the company continued to enhance brand awareness and academic influence of "Angelalign" through industry-academia research collaboration, academic sharing, promoting campaigns for popular science and charitable campaigns.
The company has been appointed as a sponsor by the Bureau of Training of General Administration of Sport of China to provide clear aligner treatment for national athletes since 2017, with its clear aligners being designated as the Approved Products for National Team Athletes. In the Beijing 2022 Winter Olympic Games and the 2022 AFC Women's Asian Cup, a number of Chinese athletes who won gold medals smiled with "Angelalign" clear aligners.
Optimize scalable and intelligent mass customization capability to achieve lean manufacturing
The company believes that its accumulated intelligent manufacturing capabilities, a "mass customization" model and scalable manufacturing capabilities are the solid foundation for its long-term business growth.
The company's Angelalign Chuangmei Center in Wuxi City comprises new manufacturing facilities and a research and development center with a gross floor area of approximately 126,000 square meters. During the Reporting Period, the first phase of its Angelalign Chuangmei Center was completed. The company also completed the commissioning process of one established automated production line in the first quarter of 2022, which will be put into use based on demands of its products. In addition, the company applied intelligent and innovative technologies to upgrade the information systems, technics and equipment of its existing automated production lines, and has enabled a fully automated outer packaging system to enhance the automation of the product outer packaging process, which significantly improves the production efficiency.
Looking forward, the company aims to serve dental professionals and their patients with more customized products and services, refined manufacturing capability and flexible supply chain. To this end, the company intends to pursue the following key strategies to grow its business sustainably and maintain its market leadership: (1) strengthen R&D capabilities and continue orthodontic solution innovations; (2) further intelligentize and digitalize its systems to improve operational efficiency; (3) optimize medical services to enhance user experience; (4) increase production capacity and improve production efficiency; (5) solidify its market leading position by expanding sales network and enhancing brand awareness and academic influence. The Company will continue leveraging its market leadership and its intimate understanding of China's digital orthodontics market, the company believes that it is well positioned to capture the upside potential of the enormous market. In the future, the Group will continue to deepen its main business, conduct solid and steady operations, and strive to enhance the company's performance and market value, and strive to create more investment returns for shareholders.
About Angelalign Technology Inc. Angelalign Technology Inc. is a leading clear aligner treatment solution provider in China. The Company facilitates dental professionals throughout the entire clear aligner treatment process with Angelalign clear aligner system, which comprises a trio of interrelated components: (1) digitally-assisted case assessment support and treatment planning services, (2) customized, removable clear aligners based on specific treatment plans, and (3) iOrtho, a cloud-based service platform. Established in 2003, Angelalign has always been committed to helping dentists diagnose and treat in a steady, easy, quick and accurate way through digital technology-driven products and technical services to smile confidently with the help of technology.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAngelalign 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.
Bitcoin price finally rangers above $44,000 yet again and advances towards the pivotal levels around $44,500. However, despite displaying a notable uptrend, the asset is still to be pretty uncertain as the probability of the BTC price getting rejected at these levels is high. And hence the current jump may be yet another breakout which …
The global crypto market has recently experienced a huge disruption following the launch of the first ever 3nm ASIC Miners by BITMANU. The company's three mining rigs BM1, BM2, and BM Pro miners are extraordinarily powerful, and offer hash rates that have never been delivered by any other product. Many high level crypto miners as well as newbies are now turning to BITMANU miners to earn lucrative profits in quick time.
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A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB). Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase […]
Bitcoin price, throughout the past week, maintained a significant uptrend after flipping from the lower support. Currently, testing one of the crucial levels from the last trading day, the asset may witness a slight pullback. These levels are also important because the resistance level around $41,900 is also the neckline for the formed double-bottom pattern. …
To the outsider, few things are as mysterious as the stock market. While it has the potential to diversify your income if you are a trader, it also has the potential to wipe out your earnings in seemingly the blink of an eye. That reality isn't lost on adults in America, roughly 61% of whom say the stock market feels intimidating or scary. Most people, we can all agree, will resist investing in something they don't feel comfortable with, yet despite its inherent risks, trading has the possibility of being beneficial in the long term. How, then, can we encourage more people to become retail traders and start their own investment journeys, wherever they may lead? TruTrade.IO, led by its co-founder, Danny Rebello, believes the answer lies in providing retail traders with automation software that incorporates the institutional strategies used by investment bankers and hedge funds.
Why Trading Feels Confusing to So Many People
The stock market fluctuates according to patterns or cycles that can be overturned by sudden events like the coronavirus: one day things seem fine, and the next, the world has dramatically changed, sending markets plunging. It takes a certain amount of knowledge or experience, then, to know how to potentially ride those inevitable developments and decide whether you should trade or sit tight.
Trading also involves concepts and terminology that the pros studied in college before earning additional certifications and entering the world of FOREX, equities, and futures. Yes, it is true that there are a lot of excellent books that explain trading to the outsider and that there is no shortage of seminars, but can they teach everything that a professional learned during their four years in college? Perhaps not. Additionally, it is likely that the information in books and seminars can become outdated as techniques and strategies evolve.
In the end, we can probably assume that 47% of U.S. families are not investing in the stock market for one or more reasons: they do not feel they have enough knowledge to invest, they are apprehensive about its ups and downs, or they think that trading is only for those who have a specialized education.
How TruTrade.IO Is Working to Encourage More People to Invest
TruTrade.IO states that the world of trading should be open to everyone regardless of their socioeconomic or education status. “While trading will always involve an element of risk, we want people to feel confident that when they trade, they do so knowing they are using the strategies available to pro traders.”
To that end, the company created its automation software, which it says utilizes tips previously known only by industry professionals. “We believe that manual trading is no longer the best option for retail traders,” it states. “It involves a lot of time and energy that most people simply do not have. While the retail trader will, of course, invest some time in learning how to use TruTrade.IO, the software can help them to potentially begin their trading adventure on the same footing as a professional.”
One element faced by retail traders and the pros alike is risk. “Again, there is no way to take it completely out of trading,” TruTrade.IO believes. “However, as institutional traders know, there are ways to possibly lower it, which is the goal of DRAMM, our dynamic risk management module.”
TruTrade.IO explains that with DRAMM, the software manages an array of complex money management strategies, allowing retail traders to potentially trade more realistically, which the company claims is an advantage over other retail trading systems.
Professionals also have strategies that can possibly minimize drawdowns, or declines in portfolios, and increase the accumulation of equity. “We think retail traders should have these as well, which could help them to feel more confident about trading,” TruTrade.IO says. “So, we have provided the ability for traders to hedge their positions against the same financial instruments or against other correlated financial instruments in different asset classes. The software is very systematic and incorporates multiple bar-types and timeframes.”
Institutional traders also understand how to potentially minimize slippage and take advantage of any market condition. “We thought this was vital for retail traders to have, too, so we included bot-add-ons for our post-purchase clients,” TruTrade.IO explains. “With these features, we think that more people will feel comfortable with the idea of trading and will enter the market.”
Will TruTrade.IO's Algorithmic Trading Technology Lead to More Retail Traders?
As political upheaval, natural disasters, and interest rates are just a few of the things that can affect trading, the market will remain complex and necessitate caution. However, the automated software created by TruTrade.IO could be a step in the right direction, as few can deny that the strategies used by professionals have the potential to benefit the retail trader as well.