Summary by Futu AI
ALI HEALTH INFORMATION TECHNOLOGY CO., LTD. (“ALI HEALTH”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024. During the reporting period, the Group's total revenue was RMB 27,026.6 million, up slightly by 1.0% year-on-year. Net profit reached $883.1 million, up 64.6% year-on-year. TENCAT'S HEALTH PLATFORM BUSINESS CONTINUES TO GROW STEADILY, REACHING 3 MILLION ANNUAL ACTIVE USERS AND MORE THAN 3.5 MILLION MERCHANTS, AN INCREASE OF 28% YEAR-ON-YEAR. The total number of online self-serve stores grew to 7,700 million, with average user revenue (“ARPU”) growing by more than 17% year-over-year. During the reporting period, the Group completed the acquisition of the advertising operations of Alibaba Group's Tenda Health Category Merchant, further enhancing the commercial services of the platform model and significantly improving the Company's profitability.