HK Stock Market Move | 160 HEALTH (02656) continued to fall by more than 19%, with its stock price on a roller coaster ride recently. The gains for this year have already been completely wiped out.
Health 160 (02656) fell by over 19% this morning, and as of the time of publishing, has dropped by 19.01%, with a price of 54.75 Hong Kong dollars and a trading volume of 46.717 million Hong Kong dollars.
160 HEALTH (02656) fell by over 19% again this morning. It is worth noting that the stock has experienced a strong rally since being included in the Hong Kong stock connect on March 9th. Within 7 trading days, the stock has surged by 1.15 times, but the price then sharply reversed and experienced consecutive sharp declines on March 18th and 19th. As of now, the stock has retraced over 60% from its recent high of 158.4 Hong Kong dollars, completely wiping out all gains so far this year. As of the time of writing, it has fallen by 19.01%, to 54.75 Hong Kong dollars, with a trading volume of 46.717 million Hong Kong dollars.
In terms of news, the 2025 annual performance report recently released by 160 HEALTH shows that the company achieved a revenue of 652 million yuan for the full year, an increase of 5% year-on-year; the loss attributable to owners of the company was reduced by 32.22% to 72.986 million yuan. The announcement stated that the revenue growth was mainly due to the strong performance of the company's digital medical health solutions and sales of medical and health products.
Previously, Daiwa (Hong Kong) commented that 160 HEALTH has the scale and depth advantage of a medical resource network, and has built up an AI technology-driven ecological closed loop. In 2025, the company has reached operational cooperation with 82 public secondary and above hospitals to become "160AI hospitals", with a growth of over 720% compared to 2024, including the addition of 52 hospitals in the fourth quarter, a quarterly growth of 420%.
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