Ping An Healthcare (01833) 2024 performance: First full year profit, highlighting the synergistic scale effect of medical insurance.

On March 12, 2025, Ping An Health Care and Technology Company Limited (01833) (hereinafter referred to as "Ping An Health" or the "Company") released its 2024 annual performance announcement. During the reporting period, the company recorded revenue of 4.81 billion yuan, with adjusted net profit of 158 million yuan. Among them, the revenue from the Comprehensive Financial Client (F-end) and Enterprise Client (B-end) business increased by 17.2% year-on-year. The F-end business achieved steady growth, with revenue exceeding 2.4 billion yuan, an increase of 9.6% year-on-year. The B-end business revenue increased by 32.7% year-on-year, reaching revenue of over 1.4 billion yuan. Under the Ping An Group's "Comprehensive Finance + Medical and Elderly Care" strategy, Ping An Health has deeply integrated its "Insurance + Medical" and "Insurance + Elderly Care" models with the group's comprehensive financial business. It has gradually formed three major models: "Insurance + Medical and Elderly Care Members", "Medical Claims Coordination", and "Medical Health Equity Services", achieving steady growth in the F-end business. In addition, the development of enterprise health management business is strong, with continuous improvement in product design, customer expansion, and user operations in 2024. By the end of the reporting period, the number of enterprise clients served had reached 2,049, a year-on-year increase of 35.9% from the same period last year.