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Alibaba Health Information Technology (241) investor relations material

Alibaba Health Information Technology H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary27 Nov, 2025

Executive summary

  • Achieved revenue of RMB16,697.1 million and net profit of RMB1,266.4 million for the six months ended September 30, 2025, up 17.0% and 64.7% year-over-year, respectively.

  • Net profit margin rose to 7.6% from 5.4% year-over-year; adjusted net profit increased 38.7% to RMB1,356.3 million.

  • Tmall Healthcare Platform saw robust growth in annual active consumers, GMV, and ARPU.

  • Continued investment in AI and digital healthcare infrastructure to drive innovation and future growth.

Financial highlights

  • Gross profit increased 18.4% year-over-year to RMB4,183.98 million; gross margin improved to 25.1%.

  • Fulfillment costs rose 7.9% to RMB1,365.7 million, but as a percentage of direct sales revenue, fell to 8.2%.

  • Selling and marketing expenses increased 21.2% to RMB1,188.7 million, representing 7.1% of total revenue.

  • Administrative expenses rose 3.9% to RMB190.1 million, but as a percentage of revenue, decreased to 1.1%.

  • Product development expenses decreased 1.9% to RMB313.1 million, now 1.9% of revenue.

  • Other income and gains surged 57.6% to RMB514.8 million, mainly from investment gains.

  • Cash and cash equivalents at period end were RMB4,935.4 million, up from RMB2,218.3 million at March 31, 2025.

Outlook and guidance

  • Plans to deepen AI integration and digital transformation across all business segments.

  • Focus on expanding the online-offline smart healthcare ecosystem and leveraging demographic and consumption trends.

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Frequently asked questions

Alibaba Health Information Technology Limited is a China-based company specializing in healthcare-related technology and services. The company operates digital health platforms, offering online pharmaceutical retail, healthcare consultation, and medical services. It also develops and provides technology solutions for healthcare providers, including data analytics and digital infrastructure. The company is headquartered in Hong Kong, and its shares are listed on the Hong Kong Stock Exchange.

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