According to the Securities Times APP, on November 6, at the 7th China International Import Expo, Ping An Health Medical Technology Co., Ltd. (stock abbreviation "Ping An Good Doctor", company abbreviation "Ping An Health") reached a strategic cooperation with Medtronic (Shanghai) Management Co., Ltd. (hereinafter referred to as "Medtronic"), and the two sides will join forces to give full play to their respective professional advantages. They will engage in deep cooperation in the fields of heart health, chronic disease treatment, medical clinical training, etc., to continuously improve the quality of medical and health services.

With changes in lifestyle and aging, the problem of abnormal blood lipids becomes prominent. Representatives from Ping An Health business, clinical experts, health check-up fields, and corporate representatives discussed how to contribute to the long-term management plan combining online and offline for ASCVD patients by optimizing the blood lipid test report. The theme was "A warm-blooded blood lipid report."

The person in charge of Ping An Health stated that the strategic cooperation reached with Medtronic this time is a powerful alliance. Ping An Health will provide patients with the full process service of "quick diagnosis for minor illnesses, standardized management for chronic diseases, and precise transfer for major illnesses" based on Ping An Family Doctor. They will continue to improve their service network, leading technology strength in the industry, in-depth synergy in service process optimization, user experience enhancement, innovation in disease treatment, and promotion of medical health.

Looking ahead, Ping An Health looks forward to closely cooperating with public hospitals, physical examination institutions, and pharmaceutical companies, leveraging their respective strengths. They aim to increase public awareness, treatment rate, and control rate of abnormal blood lipids, especially through initiatives such as optimizing blood lipid reports, to reduce the incidence of cardiovascular diseases through disease education, physical examination screening, and health management.

As a leading domestic provider of medical, health, and retirement services, Ping An Health's family doctor membership service brand "Ping An Family Doctor" has exceeded 14 million users. In recent years, Ping An Health has been closely integrated into Ping An Group's "comprehensive finance + medical and retirement" strategy, deeply synergizing with Ping An Group's comprehensive financial business to continuously build a managed medical sample.

Ping An Health's mid-term performance report for 2024 shows that in the first half of this year, Ping An Health achieved revenue of 2.093 billion yuan; shareholders' net profit was 56.648 million yuan, turning losses into profits year-on-year. In the first half of the year, the F端 revenue and number of users doubled, with approximately 14.8 million paying users, a year-on-year increase of about 7%, revenue of 1.12 billion yuan, a year-on-year increase of 3.4%. On the B端 side, the company continued to enhance the construction of the enterprise health management product system under "Yiqijiankang" and "Tijian+", achieving revenue of 0.713 billion yuan, a year-on-year increase of 58.8%.

In addition, in recent years, Ping An Health has further built a comprehensive elderly care system consisting of the asia vets butler, life butler, and doctor butler. Currently, home care services have covered 64 cities nationwide, adding 10 more cities since the end of last year. The newly added "elderly care sector" in the first half of the year achieved a business revenue of 0.047 billion yuan in the company's financial report, a substantial increase of 204.8% year-on-year; the sector's gross margin was 16.9%, up 13.6 percentage points year-on-year, showing initial growth momentum.

CICC Leasing pointed out that Ping An Health's B-end business revenue continued to grow significantly by 58.8%, indicating tremendous market opportunities in corporate health management market. China Securities Co., Ltd. pointed out that since implementing the global strategy 2.0 transformation, Ping An Health has continuously promoted the development of F-end and B-end strategic business. The structural adjustment of the business by 2023 has been basically completed. With the continuous empowerment of the company's F-end business within the Ping An Group, the B-end business has rapidly grown through group channels and self-expanding channels, combined with efficiency improvements and cost optimization brought by information technology, bullish on the company's continued growth as a professional and comprehensive medical retirement health management service provider.