Market News

The business of safe good Doctor (01833.HK) (safe Health) is gradually developing from Internet medical treatment to comprehensive medical and health services. Zang Luoqi, senior vice president and chief financial officer of Ping an Health, pointed out that looking to the future, the company's goal of achieving a balance of payments in 2025 will remain unchanged, but it is expected to be met ahead of schedule. In addition, she is confident that income from medical services and health management services will continue to grow. She also mentioned that in the first half of this year, the company is about to complete the transition to medical service income with a higher gross profit margin, and is confident that the gross profit margin can maintain growth, and the expenditure rates such as sales expense rate and management expense rate are also continuing to improve. Ping an Health Chairman and CEO Fang Weihao pointed out that the company has finished the stage of verifying the product direction, and is currently focusing on promotion and sales. It is expected that the product will go from "mid-term test" to "mass production" in the next six months to a year. Fang Weihao also said that the group's business strategy is "low input, high gross margin", that is, to reduce businesses with low growth rate, low synergy or below the expected size, so as to maintain the long-term and sustainable vitality of the group. For B-end (enterprise customer), F-end customer (financial customer) business, he expects B-side business to record ideal growth, F-side business is expected to maintain stable growth. As of December 31 last year, the cumulative number of customers of Ping an Health Service was 978, and the number of enterprise-side paying users reached nearly 3 million. Yang Xiaoyan, general manager of Ping an Health (testing) Center, said that the group's service is aimed at high-end customers, and it is believed that it can meet the needs of customers through different cooperation with some relevant organizations. The group will continue to pay attention to the demand in the future to decide to expand the network of proprietary stores. The testing center is a medical health ecological member of Ping an Group. It is not a company owned by Ping an Health, but an offline resource linked to its O2O. As of December 31 last year, there were more than 5000 hospitals cooperating with Ping an Health, more than 100000 cooperative health service providers, more than 2000 cooperative experience institutions, covering more than 300 cities and 224000 cooperative drugstores.