Ping An Good Doctor

HONG KONG and SHANGHAI, Aug. 24, 2023 /PRNewswire/ -- Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor" or "Ping An Health", Stock Code: 1833.HK) presents its 2023 interim results. Closely integrated into Ping An's "integrated finance + healthcare" strategy, Ping An Health has consistently pursued its unique business model of "managed care + family doctor memberships + O2O healthcare services", continuing to exemplify a model example of China's managed care system. During the period, business restructuring was essentially completed, and the proportion of strategic business revenue continued to rise. The Company achieved revenue of approximately RMB2.22 billion, with the proportion of medical service revenue increasing to 46.5%. Revenue generated from corporate health management and the cumulative number of paying users grew significantly. With continuous optimisation of the business structure and a significant impact on cost reduction and efficiency enhancement, the gross profit margin further increased by 5.6 percentage points year-on-year, reaching 32.2%. In addition, the net loss was significantly reduced by 47.2% year-on-year to RMB244.9 million. This notable improvement expedites progress towards the ultimate profitability target.

HONG KONG and SHANGHAI, Oct. 24, 2022 /PRNewswire/ -- Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor" or "Ping An Health"; Stock Code: 1833.HK), announced the acquisition of Ping An Smart Healthcare, a business segment of Ping An Smart City. Going forward, while the Company continues to pursue its unique business model based on "Managed Care + Family Doctor Memberships + O2O Healthcare Services", both companies are expected to achieve business synergies, enhance efficiencies and accelerate the building of an integrated O2O healthcare services platform catering to health, sub-health, disease, chronic disease, and eldercare management, aiming to improve national health literacy and empower the initiative of "Healthy China 2030". According to the announcement, Ping An Health has entered into the Equity Transfer Agreements with Scientia Technologies Limited ("Scientia Technologies") and Ping An International Smart City Technology Co, Ltd. ("Ping An Smart Healthcare) for a consideration of USD96.8646 million. Upon the completion of the transaction, Ping An Health will hold 100% equity interest of Scientia Smart Health Technologies Limited and Ping An Yingxiang (Jiaxing) Software Company Limited (collectively referred as "Ping An Smart Healthcare").

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HONG KONG and SHANGHAI, March 15, 2022 /PRNewswire/ -- Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor"; Stock Code: 01833.HK) announced its 2021 annual results. During the reporting period, the Company maintained steady growth with total revenue reaching RMB7,334 million. Total gross margin reached 23.3%. In particular, medical services contributed revenue of RMB2,288 million, representing 31.2% of total revenue. Building on the "health maintenance organizations (HMO) + family doctor memberships + O2O-based medical services" model, the cumulative number of paying users crossed 38 million in 2021 while the conversion rate of paying users increased to 24.8%.