PA GOODDOCTOR (stock code: 01833.HK) announced its first-quarter results for 2026, demonstrating a strong start to the year with significantly improved profitability. During the period, the company reported total revenue of RMB 1.159 billion, a year-on-year increase of 9.1%. Net profit reached RMB 79 million, surging 138.4% compared to the same period last year. The adjusted net profit amounted to RMB 84 million, reflecting a growth of 45.8%.
Amid the national "Healthy China" strategy and policy opportunities in the elderly care economy, the company, as a flagship within the Ping An Group's medical and elderly care ecosystem, is consistently realizing its long-term value. It is steadily building a managed healthcare model with Chinese characteristics by implementing the Group's dual-driver strategy of "integrated finance + healthcare and elderly care."
The company's two core business segments demonstrated strong, synergistic growth, unlocking a profitable solution akin to a Chinese version of an HMO (Health Maintenance Organization). In the business insurance synergy segment, the company has enhanced the deep integration with insurance member service systems, improving the appeal of insurance products. By offering a rich portfolio of healthcare service benefits, it supports scenario-based marketing and customer acquisition for insurance partners. This strategy not only empowers the insurance business but also channels a steady stream of high-value user conversions into the company's own medical service system.
In the corporate health management segment, as China's economy transitions towards high-quality development, "investing in people" has become a core consensus for enterprises seeking to enhance productivity and build long-term competitiveness. Aligning with this trend, the company provides comprehensive enterprise health management solutions, helping businesses convert employee health into organizational resilience. During the quarter, the company accelerated its expansion in the business-to-business sector, deepening its product and service offerings and enhancing online/offline operational conversions. As of the end of the reporting period, the number of paying corporate clients served over the past 12 months exceeded 7,500, a surge of nearly 89% year-on-year. The company is continuously expanding the commercial value boundaries of corporate health services through more refined and professional medical and health empowerment.
The company is further expanding its "Four Reaches" service network—online, home, hospital, and enterprise—forging robust, all-scenario service fulfillment capabilities. It is actively integrating high-quality third-party service providers to enrich its service and product offerings. For online services, the number of users utilizing the AI doctor continued to grow, exceeding 5.6 million. For hospital services, the company promoted the coverage of its "Ping An Medical Pay" one-click payment solution, which is now available at over 111,000 pharmacies nationwide, catering to scenarios like corporate health management and offline medication purchases. For home-based services, the number of clients qualified for home-based elderly care services expanded to over 290,000. For enterprise services, several new on-site corporate clinics were established, continuously improving service perception and experience for employees.
Furthermore, the company is deepening the development and application of its AI capabilities. Through an "AI + real doctor" model, it delivers a differentiated service experience that combines professionalism with a human touch. The accuracy rate of multidisciplinary team (MDT) treatment plans for complex diseases remained stable at approximately 95%. The deep application of AI technology is steadily enhancing the quality and efficiency of the company's professional medical services.
The year 2026 coincides with Ping An Group's "Service Upgrade Year." The Group's Chairman has indicated that as the financial industry returns to its roots and moves towards high-quality development, and as public demand for health, medical, and elderly care services gradually increases, Ping An's "integrated finance + healthcare and elderly care" service system is poised for a new phase of growth. Guided by this vision, the company will adhere to its service proposition, striving for excellence in its service capabilities and aiming to become the professional, reliable, and caring family doctor and elderly care manager for millions of families and enterprises.
Comments