Announcing May 28,$ALI HEALTH (00241.HK)$After the results, it surged by more than 11%. As of press release, it rose 11.07% to HK$3.41, with a turnover of HK$257 million.

According to the news, Ali Health announced its annual results for the year ended March 31, 2024, with total revenue of 27.026.6 billion yuan, and a significant improvement in business quality. Gross profit was approximately $5.895 billion, up 3.4% year over year. Net profit reached 883 million yuan, a year-on-year increase of 64.6%. The adjusted net profit was approximately $1,438 million, an increase of 90.8% over the previous year.

As of March 31, 2024, the Tmall Health Platform business continued to develop steadily, with annual active users (consumers who have actually purchased products on Tmall Health at least once in the past 12 months) reaching 300 million. As of March 31, 2024, the Tmall Health Platform has served more than 35,000 merchants, an increase of 28% over the previous year.