HK Stock Market Move | QINGSONG HEALTH (02661) surges over 9% to reach a new high, nearly 2.3 times higher than the IPO price. The synergy between health services and insurance services has been validated.

QINGSONG HEALTH (02661) rose more than 9%, hitting a high of 74.8 Hong Kong dollars, up nearly 230% from the IPO price of 22.68 Hong Kong dollars. At the time of writing, it has risen by 8.83% to 74.6 Hong Kong dollars, with a turnover of 2598.09 million Hong Kong dollars. Guotou Securities International released a research report stating that QINGSONG HEALTH's main business is health-related and insurance-related solutions. The company began to layout insurance-related services in 2016. As of June 30, 2025, insurance-related services cover 58 insurance company partners, covering 26.2 million policyholders, with cumulative premium income of 5.4 billion yuan. In 2023, the company launched digital marketing (popular science services), with customers mainly medical companies, helping them connect with their target user groups. The business is gradually transforming, continuously enriching digital medical research support services, comprehensive health service packages, and other services. The report pointed out that the company has a certain ecological effect, with about 30% of policyholders in 2024 already being customers of health-related services when purchasing insurance. The synergy between health services and insurance services has been validated; the customer retention rate for insurance-related services is high, at 53% in 1H25; health service revenue is showing high growth.