Ping An Good Doctor (1833.HK) Reports Solid Interim Results with Steady Revenue and Profit Growth

Rhea-AI Summary

Ping An Healthcare and Technology (PIAHY) reported strong interim results for H1 2025, with revenue reaching RMB2.5 billion, up 19.5% year-over-year. The company's net profit surged 136.8% to RMB134 million, while adjusted net profit grew 83.6% to RMB165 million. The gross profit margin improved to 33.6%.

The company's integrated finance and corporate health management segments showed robust growth of 30.2%. User base expanded significantly with over 35 million users accessing family doctor services, and home-based senior care beneficiaries increased by 83% year-over-year.

Notable technological advancements include the enhancement of their AI system, Ping An Medical Master®, which achieved a 98% accuracy rate in AI-assisted consultations and reduced family doctors' service costs by 52% year-over-year.

Positive

• Revenue increased by 19.5% year-over-year to RMB2.5 billion
• Net profit surged 136.8% to RMB134 million
• Gross profit margin improved to 33.6%
• Family doctor service coverage expanded to over 35 million users
• AI-assisted consultation accuracy reached 98%
• Family doctors' average service cost per customer reduced by 52%
• Middle office operational efficiency improved by 50%

Negative

• None.

HONG KONG, Aug. 20, 2025 /PRNewswire/ -- Ping An Healthcare and Technology Company Limited (the "Company"; Stock Code: 1833.HK) announced its interim results for the six months ended June 30, 2025, on August 19, 2025. Following its return to profitability in 2024, the Company maintained high growth and improved profitability during the reporting period, with core business development and continuous advancement in its medical AI capabilities.

In terms of financial performance, the Company recorded revenue of RMB2.5 billion during the period, representing a year-on-year increase of 19.5%. Net profit attributable to shareholders rose to RMB134 million, a year-on-year increase of 136.8%. Adjusted net profit was RMB165 million, up 83.6% year-on-year. Thanks to AI enablement and business mix optimization, the Company's gross profit margin increased to 33.6%.

In the first half of 2025, the Company's core businesses performed steadily, with revenue from the integrated finance business ("F-end") and corporate clients ("B-end") corporate health management business increased by 30.2% year-on-year. As two major core hubs, family doctor services and senior care concierge services, continuously improved service standards and efficiency, leading to a significant increase in member coverage. Specifically, the Company had over 35.0 million users entitled to family doctor service benefits, while those entitled to home-based senior care benefits increased by 83% year- on-year, indicating an expansion in user scale.

In terms of technological innovation, leveraging its "data + models + scenario" closed-loop advantage, the Company strengthened its capabilities in AI-driven healthcare services and accelerated the application of its solutions. It continued to enhance its large multi-modal model, Ping An Medical Master®, based on Ping An's six world-leading medical databases as well as data from 1.44 billion online consultation records. Building on this foundation and with further optimization of five vertical models for key medical scenarios, the Company introduced the "7+N+1" AI medical product matrix during the reporting period. Through AI empowerment, the accuracy rate of AI-assisted inquiry and consultation reached approximately 98%, while the accuracy of MDT complex disease treatment accuracy was nearly 80%. AI helped doctors handle as many as 4.0 million consultation requests per day and cut family doctors' average service cost per customer by approximately 52% year-on-year. In addition, AI-driven process reengineering and optimization helped improve the middle office's operational efficiency by approximately 50% year-on-year.

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SOURCE Ping An Healthcare and Technology Company Limited

FAQ

What were Ping An Healthcare's (PIAHY) H1 2025 revenue and profit figures?

The company reported revenue of RMB2.5 billion (up 19.5% YoY) and net profit of RMB134 million (up 136.8% YoY)

How many users does Ping An Healthcare have for its family doctor services?

The company has over 35 million users entitled to family doctor service benefits

What is the accuracy rate of Ping An Healthcare's AI-assisted consultations?

The AI-assisted inquiry and consultation system achieved an accuracy rate of approximately 98%

How has Ping An Healthcare's AI technology improved operational efficiency?

AI technology reduced family doctors' service costs by 52% year-over-year and improved middle office operational efficiency by 50%

What was Ping An Healthcare's gross profit margin in H1 2025?

The company's gross profit margin increased to 33.6% due to AI enablement and business mix optimization