HK Stock Market Move | HEALTHYWAY INC (02587) rose more than 9%, up more than 80% from the IPO price. The company focuses on digital health and medical service platform.

HEALTHYWAY INC (02587) rose by more than 9%, hitting a high of 14.24 Hong Kong dollars to continue to set a new high since its listing, up more than 80% from the offering price of 7.8 Hong Kong dollars. As of the time of writing, the stock is up 9.35%, trading at 14.04 Hong Kong dollars, with a turnover of 91.445 million Hong Kong dollars. It is reported that HEALTHYWAY INC operates a digital health and medical service platform in China. According to Frost & Sullivan data, based on the number of registered individual users on the platform as of December 31, 2023, the company is the fourth largest digital health and medical service platform. According to Frost & Sullivan data, based on revenue in 2023, HEALTHYWAY INC is also the fifth largest digital health and medical service platform, with a market share of less than 5%. According to the prospectus, HEALTHYWAY INC's revenue in 2021, 2022, and 2023 were respectively 430 million yuan, 569 million yuan, and 1.244 billion yuan; gross profit was 173 million yuan, 246 million yuan, and 400 million yuan. The company's revenue for the first half of 2024 was 611 million yuan, a year-on-year increase of 14%; operating profit was 2.475 million yuan, a year-on-year decrease of 88%; and the loss within the period was 57.275 million yuan, compared to a loss of 105 million yuan in the same period last year.