Ping An Healthcare and Technology Company (1833) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB1,062.5 million, up 25.8% year-over-year, with adjusted net profit at RMB57.9 million, marking a return to profitability.

• Growth driven by deepened collaboration between healthcare and insurance, and rapid expansion in corporate health management.

Financial highlights

• Net profit for Q1 2025 was RMB33.2 million, compared to a net loss of RMB37.8 million in Q1 2024.

• Adjusted net profit (excluding share-based payments and FX losses) was RMB57.9 million, versus a loss of RMB18.8 million year-over-year.

• Revenue from F-end and B-end corporate health management business increased by 43% year-over-year.

Outlook and guidance

• Plans to continue leveraging AI and digital human technology to enhance medical service efficiency and quality.

• Ongoing expansion of AI applications across business scenarios to drive future growth.