Zhongchao Inc. is a holding company with no material operations of its own. We conduct our operations primarily through our PRC subsidiary and the PRC operating entities in China. As a result, Zhongchao Inc.’s ability to pay dividends depends upon dividends paid by our PRC subsidiary. If our existing PRC subsidiary or any newly formed ones incur debt on their own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us. In addition, our wholly foreign-owned subsidiaries in China are permitted to pay dividends to us only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. Under PRC law, each of our subsidiaries and the PRC operating entities in China is required to set aside at least 10% of its after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of their registered capital. In addition, our wholly foreign-owned subsidiaries in China may allocate a portion of their after-tax profits based on PRC accounting standards to enterprise expansion funds and staff bonus and welfare funds at their discretion, and the PRC operating entities may allocate a portion of its after-tax profits based on PRC accounting standards to a surplus fund at their discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by SAFE. Our PRC subsidiaries have not paid dividends and will not be able to pay dividends until they generate accumulated profits and meet the requirements for statutory reserve funds.
Company profile
Ticker
ZCMD
Exchange
Website
CEO
Wei Guang Yang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Zhongchao Group Inc. • Zhongchao USA LLC • Zhongchao Group Limited • Beijing Zhongchao Zhongxing Technology Limited • Zhongchao Medical Technology (Shanghai) Corp. • Shanghai Maidemu Cultural Communication Corp. • Shanghai Huijing Information Technology Co., Ltd. • Beijing Zhongchao Boya Medical Technology Co., Ltd. • Zhixun Internet Hospital (Liaoning) Co., Ltd. • Hainan Zhongteng Medical Technology Co., Ltd. ...
ZCMD stock data
Latest filings (excl ownership)
F-3
Shelf registration (foreign)
23 May 24
20-F
2023 FY
Annual report (foreign)
30 Apr 24
6-K
Report of Foreign Private Issuer
18 Mar 24
6-K
Report of Foreign Private Issuer
29 Feb 24
6-K
Zhongchao Inc. Announces 1-for-10 Share Consolidation
27 Feb 24
6-K
Report of Foreign Private Issuer
20 Feb 24
6-K
Notice of Extraordinary General Meeting of Shareholders
12 Jan 24
6-K
Report of Foreign Private Issuer
3 Jan 24
6-K
Report of Foreign Private Issuer
22 Dec 23
6-K
Report of Foreign Private Issuer
7 Jul 23
Latest ownership filings
Financial summary
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Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 1 |
Closed positions | 1 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
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Total value | 248.94 mm |
Total shares | 82.52 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Yang Weiguang | 82.47 mm | $197.92 mm |
First Affirmative Financial Network | 21.86 k | $26.23 mm |
Susquehanna International | 20.17 k | $24.20 mm |
Renaissance Technologies | 15.70 k | $19.00 k |
Tower Research Capital | 482.00 | $578.00 k |
Proequities | 0.00 | $0.00 |
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