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) reports its 2023 interim results Tightly integrated into Ping An’s “corporate finance + physical care” strategy, Ping An Health has consistently pursued its unique business style of “managed care + family doctor memberships + O2O fitness facilities”, and continues to exemplify an example of controlled attention formula style. in China. During the period, corporate restructuring was substantially completed and the proportion of cash inflows from strategic businesses continued to increase. The company achieved revenue of approximately RMB 2. 22 billion, and the proportion of revenue from medical facilities increased to 46. 5%. The cash generated by business capacity control and the cumulative number of paying users are particularly higher. Thanks to the continuous optimization of the business layout and a significant effect on load easing and power upgrading, gross profit margin further increased by 5. 6 percent year-on-year to reach 32. 2%. Furthermore, the net loss notably narrowed by 47. 2% yoy to RMB 244. 9 million. This significant improvement accelerates progress toward the ultimate goal of profitability.
The fitness tracker market is a benchmark and demonstrates significant synergy in the embedded finance and fitness spaces.
Leveraging fundamental competitive advantages, adding a comprehensive provider network, industry-leading services, expanded resources for payers, and strong ecosystem empowerment, Ping An Health has further deepened its exploration and implementation of the controlled care model. This immediate expansion in the business sector Fitness Control in China has enabled the company to achieve a leading position in the market. At the end of June 2023, the number of businesses served through the Company stood at 1,198, an increase of 449 over the same period last year. It affected 3. 9 million workers and business users, and the number of paid accounts showed stable expansion over the past 12 months, exceeding forty-five million. During that era, the contract renewal rate for the Company’s existing giant corporate consumers approached 90%.
During the period, the Company completed a review of the formulation of its Enterprise EZHealth worker fitness management product. This transformation has resulted in a matrix of differentiated products and facilities with a truly broad competitive advantage, bringing together the diverse desires of diverse businesses and selling comprehensive wellness at work. This was achieved through two main solutions: “Health Checkup +” and “Health Management +”. A typical example comes from a primary public financial company, where Ping An Health introduced more than 10,000 workers and their families to e-book facilities at famous tertiary hospitals and fitness organizations across the country. In addition, thanks to the integration of the Company’s internal resources, personalized packages were presented that added consultations, accompanied medical examinations and post-diagnosis reports. This well solved the complex challenge of providing physical care to a dispersed workforce in a company with different geographic needs. In particular, a satisfaction survey of offline facilities revealed a remarkable 98% worker satisfaction rate. In addition, the new “1 Question 3 Worry-Free” product formula strives to provide a fitness and medical monitoring solution, making sure that business users do not worry about chronic diseases, medical remedies and serious diseases, thus strengthening the strategy general currency of the Group. . business in all its facets.
Furthermore, by employing the business style of “deep collaboration”, benefit acquisition and value-added facilities, the company has consistently helped the embedded finance business in visitor acquisition, loyalty, new engagement and user penetration. insurance + fitness”, the Company continued the fitness service plan “Zhen Xiang RUN (2023)” in partnership with Ping An Life, resulting in a concept of “safe with warmth”. -Multi-level member operating system , which provides a diversity of 18 fitness facilities including family doctors, fitness care management plans, physical check-ups, and chronic disease prevention and management. This comprehensive plan responds to users’ quest for a high-quality and diverse system . fitness life. Corporate consumers are increasingly highlighting the full-service capability of Ping An Health due to its high-quality and full-life-cycle facilities provided. During the period, the number of paying users of the built-in money channels of Ping An exceeded 38 million, constituting a penetration rate of about 16. 6% among Ping An’s money channels. nearly 229 million private money users. Year.
Strengthening the foundations of fitness services: strengthening the role of family doctors within the network of services “online, in store and at home/business”
The foundation of Ping An Health lies in its medical facilities and healthcare capabilities. During the period, the Corporation implemented a comprehensive closed-loop service control formula, covering “Offline Online”, “To Outpatient Hospital” and “Medical Health”. Care. ” This complex formula contains 830 separate sub-facilities, each guided through its compromised popular operating procedures. Control formula. Through a mechanism of collaboration between multiple departments and shared governance, along with the implementation of control policies, the Corporation has greatly strengthened its quality control and protection achievements, consistently maintaining a patient satisfaction rate above 98%.
At the heart of the company’s fitness centers is Ping An Family Doctor, which offers comprehensive control of the service journey “online, in-store and home/business. “Starting June 30, 2023, Ping An Family Doctor offers users the power of 24/7 Online Availability with responses in 60 seconds and medication delivery to 249 cities across the country in one hour. In addition, users are seamlessly connected to a network that encompasses approximately 4,000 hospitals, 226,000 pharmacies and approximately 103,000 physical care services. and more than 2000 physical activity monitoring services.
Ensuring service quality and optimizing the user experience remain priorities for Ping An Health. This led to the progression of a comprehensive “4S Supply Management Process System”, covering the entire spectrum, from supplier access and output. This includes meticulous reviews of service quality, accreditation, site visits, threat control, etc. , all designed to facilitate effective and accurate alignment with user requests.
The AI generation is driving business scenarios: “Thousands of people, thousands of faces”: personalized responses for virtual fitness checks in the new era of virtual intelligence.
After years of development, Ping An Health has autonomously created a diagnostic and treatment system based on artificial intelligence. Currently, it covers the diagnostic wisdom of more than 2000 diseases, with a diagnostic accuracy of more than 99%. This provides doctors with a greater foundation of wisdom. and amplified power in the delivery of medical services. A unique innovation within the company, the “PINGAN GPT” – Askbob Doctor’s Station, has served more than 1. 4 million doctors in 46,000 medical centers nationwide. Impressive is that it provides medical assistance decisions some 270,000 times a day.
During the reporting period, Ping An Health took a pioneering step by building the “Health Medical Checkup Research Institute”. This institute is resolutely committed to in-the-box studies and consistently provides corporations with personalized “1+N+X” fitness check service answers. Operating through the Ping An Health app, a virtual link connecting many physical check-up facilities, the company offers 1,000 physical check-up packages to 1,000 people. These come with in-depth and understandable post-exam interpretations and fitness monitoring strategies, which help companies and workers deal with fitness problems more efficiently. The creation of the Digital Insight Research Institute further amplifies the company’s prowess. With extensive knowledge leveraged from various built-in channels, it assesses users’ behavior and medical needs, delivering virtual marketing responses across all spousal product lifecycle scenarios. In addition, the company’s astute business style continues to evolve, resulting in deep integration with medical devices, wearables, and smart speakers, providing a seamless “hardware + service” solution. In particular, an intensified marriage with Huawei in the domain of “Smart Wearable + Health Service” has facilitated many users through products such as the Huawei Watch D.
In pursuit of sustainable development, the Company’s Board of Directors has created a committed Sustainability Committee. Taking advantage of its corporate responsibility, the Company has actively contributed to improving accessibility to fitnesscare. This effort concerned the structure and improvement of 1,228 rural clinics in remote areas, the education of more than 11,000 village doctors and the promotion of 10,000 voluntary village doctor associations. These projects have particularly boosted key fitness facilities in the regions. In addition, the company has obtained ISO 27799 certification for Personal Health Information Security Management System. strengthening its position as the first company in the Internet physical care industry to achieve such popularity as DNV. Notably, Ping An Health has earned an MSCI ESG A score for two consecutive years.
Since its inception, Ping An Health has remained resolutely committed to bringing doctors and patients in combination with professionalism and protecting everyone’s fitness. Fang Weihao, the company’s leading CEO, said that the company will constantly maintain its “no time. save and save money” price proposition. It will continue to deeply perceive users’ needs, their diversity of products and services, and make a strong contribution to the domestic fitness industry, in line with the “Healthy China” initiative.
About Ping An Healthcare And Technology Company Limited
Ping An Healthcare and Technology Company Limited (“Ping An Good Doctor” or “Ping An Health”; inventory market code: 1833. HK), is an integral component of Ping An’s controlled care formula and is also the Group’s flagship healthcare platform. Ecoformula. .
With its extensive payment resources, comprehensive provider network, industry-leading services and strong ecosystem, Ping An Health has established a unique business style based on controlled care with O2O Health Services’ family physician club. It has a professional, comprehensive, high-quality, full-service provider of professional, high-quality, one-stop-shop corporate fitness control services.
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