BRIEF: Ping An Health’s profit jumps

1833.HK

Healthcare platform Ping An Healthcare and Technology Co. Ltd. (1833.HK) said on Thursday its profit jumped 72% year-on-year to 184 million yuan ($26 million) in the first nine months of the year, while its revenue climbed 13.6% to 3.72 billion yuan. Its adjusted net profit reached 216 million yuan, up 45.7% year-on-year.

The company attributed the strong performance primarily to its insurance + healthcare synergistic model and its insurance + health and senior care membership model, as well as rapid progress for its corporate health management business.

Looking ahead, the company said it plans to further strengthen synergies with its parent, financial services giant Ping An Group, and advance the digitalization and integration of AI into its core services.

Shares of Ping An Health opened up 1.7% at HK$15.75 on Friday. The stock is up over 150% since the beginning of the year.

By Lau Chi Hang

To subscribe to Bamboo Works weekly free newsletter, click here

,
, ,

Related Articles

RELATED ARTICLES

  1. Lufax provides loans
    Lufax deepens Ping An reliance, as it works towards trading resumption
    6623.HK LU.US
  2. PomDoc offers up well-conceived but overvalued digital healthcare IPO
  3. Years of losses, thin profit margins leave 160 Health feeling down
    2656.HK
  4. PomDoctor completes U.S. listing ahead of looming Nasdaq crackdown
    POM.US
  5. If you don’t succeed at first, second or third? FWD takes a fourth try at Hong Kong IPO
  6. BGM transformed by rapid series of AI acquisitions
    BGM.US
  7. From ‘magic tea’ to dietary drugs, can Besunyen reclaim its glory days？
    0926.HK
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

From classroom crackdowns to shifting cabin crews, China adapts to new realities

Vocational educator Hiducation has become one of the few education companies to test the waters in Hong Kong's booming IPO market. Are investors ready to welcome this group again after a bloody crackdown three years ago? And budget carrier Spring Air is rolling out the welcome mat for more senior flight attendants as old as 40. Are other Asian airlines like to follow this "air auntie" trend, and what's behind it?
601021.SHG