HK Stock Market Move | Peace and Health (01833) surged more than 11% in the early trading session. The company is creating a Chinese version of managed medical care. The first half of the year saw the first disclosure of a new module for elderly care services.

Ping An Health (01833) rose more than 11% in early trading, with gains of 8.09% as of press time, reaching HK$11.22, with a turnover of HK$1.14 billion. On the news front, He Liqiang, CTO of Ping An Health, recently stated at the 2024 ITValue Summit Digital Value Annual Conference that Ping An Health currently serves a large number of financial and corporate clients with healthcare service needs, and integrates and manages a large number of service providers through standardized processes and quality control systems. By connecting family doctors and caregivers, the ultimate goal under the guidance of Ping An Group's "comprehensive finance + healthcare and elderly care" strategy is to build a managed healthcare model tailored to China, providing high-quality "three-to" services to a large customer base, including online services, in-store services, and home/corporate services. It is worth noting that Ping An Health achieved revenue of 2.093 billion yuan in the first half of the year, with a net profit of 60.63 million yuan, turning losses into profits year-on-year. CITIC Securities released a research report stating that during the reporting period, Ping An Health achieved steady growth in strategic business, with a 19.7% year-on-year increase in revenue from F-end (comprehensive financial clients) and B-end (corporate clients) strategic business. Specifically, Ping An Health's B-end business revenue continued to grow significantly by 58.8%, indicating enormous market opportunities in the corporate health management market. It is worth noting that China's aging society has entered a rapid development stage. In this semi-annual report, Ping An Health for the first time disclosed the addition of a retirement service module, which, along with medical services and health services, is listed as one of the three main divisions. China Securities Co., Ltd. pointed out that since implementing the strategic transformation 2.0, Ping An Health has been continuously promoting the development of F-end and B-end strategic businesses, with the restructuring of business structure basically completed in 2023. With the continuous empowerment of the company's F-end business by Ping An Group, and the rapid growth of B-end business through group channels and self-expansion channels, coupled with the efficiency improvement and cost optimization brought about by information technology, we are bullish on the continued growth of the company as a professional and comprehensive provider of medical, elderly care, and health management services.