Ping An Health Medical Technology Co., Ltd. generated revenue of 2.747 billion yuan in the first half of 2020.

Guide: Core business online healthcare revenue increased 106.8 percent year-on-year, and member revenue increased more than 200 percent year-on-year.
August 20, Ping An Health Medical Technology Co., Ltd., the world's leading medical health eco-platform (stock referred to as "Dr. Ping An Good Doctor", 1833.HK), announced its results for the first half of 2020.
the reporting period, Ping An good doctor maintained a good growth trend, achieving total revenue of RMB2,747 million, of which the core business online medical counter-market maintained a high growth rate of 106.8 percent, contributing revenue of RMB695 million.
From left: Ms. Wang Wei, Vice President of Marketing, Ping An HealthCare Technology Co., Ltd., Mr. Liu Cheng, Secretary of the Board of Directors, Secretary of the Joint Company, Mr. Fang Weihao, Interim Chairman of the Board of Directors, Chief Executive Officer, Ms. Ye Lan, Assistant General Manager and Chief Financial Officer, the core business stands out, the overall steady growth of the new crown epidemic has had a great impact on the socio-economic and people's lives, but on the other hand, it has greatly promoted the demand for Internet medical services, improved the acceptance and recognition of online medical services by the government and the public, accelerated the development of medical services.
the first half of 2020, Ping An's core business, online medical service capacity accelerated release, profitability significantly improved.
the reporting period, the online medical sector achieved operating income of RMB695 million, maintaining a high growth rate of 106.8 percent against the market, and its share of the Group's overall revenue reached 25.3 percent, up 10.5 percentage points from 14.8 percent in the same period in 2019.
, driven by strong growth in its core business, the company's total operating income reached RMB2,747 million, up 20.9% YoY.
net loss narrowed 22.1 percent year-on-year to 213 million yuan.
with the continuous improvement of operational and management efficiency, business operation capacity continues to strengthen, Ping An good doctor's flow indicators continue to climb to new highs, strategic focus on medical realization.
the end of June 2020, the number of registered users reached 346 million, an increase of 30.98 million from the end of 2019 and a cumulative increase of 56.9 million in the past 12 months.
2020, the average daily consultation volume of Ping An doctors reached 831,000, an increase of 26.7% year-on-year.
In terms of active and paid users across the platform, the number of monthly active users and monthly paid users reached 67.27 million and 2.95 million, respectively, up 7.3% and 32.3% year-on-year, respectively, in June 2020.
, the comprehensive layout of medical insurance services, accelerate the promotion of Internet hospital projects in recent years, Internet medical care has become an important driving force of the "three medical linkage", in improving the quality of medical care, reduce medical costs and other aspects play an important role.
the beginning of this year, the outbreak of the new crown is to promote the accelerated landing of the health care payment system, many governments responded positively.
ping an good doctor to respond quickly to the call of the state, the comprehensive layout of medical insurance services, to promote the construction of Internet hospitals.
as of mid-August, Dr. Ping An has worked closely with offline hospitals, and 14 of the Internet hospital projects contracted with offline hospitals around the country have been put into operation and are actively connected to the local health care payment system.
, Dr. Ping An has opened local health insurance payment systems in Hubei, Dongguan and Yinchuan to provide convenient, efficient and secure Internet medical services to local citizens.
addition, Ping An good doctors give full play to the advantages of online diagnosis and treatment, for the vast number of public hospitals to empower, for the local hospital's offline users to provide online follow-up, renewal prescriptions and other services.
it is worth noting that the Fuzhou Regional Internet Hospital platform signed by the company at the end of 2019 has been put into operation in mid-July 2020.
future, Ping An good doctor will continue to invest more resources and funds, give full play to Ping An Group's synergy advantages, fully carry out medical insurance online payment business, accelerate the pace of the construction of Internet hospitals.
while developing its business, Ping An good doctors practice their social public welfare responsibilities, actively respond to the government's "Healthy China 2030" planning outline, and work closely with local governments to promote the "village medicine" project.
As of June 30, 2020, Ping An doctors have upgraded more than 900 rural health clinics, trained nearly 1 million village doctors, and covered more than 66,000 people, greatly alleviating the problem of medical resources in rural areas, effectively raising the level of medical services in poor areas, thereby improving the health of people in poor areas.
Third, constantly consolidate the ability of medical services, member product income rapidly increased during the reporting period, Ping An good doctors continue to consolidate medical service capacity, member product income increased rapidly, the existing total revenue of member products exceeded RMB420 million, an increase of more than 200%, has established a better reputation for service, the formation of scale effect.
Early 2020, Ping An Good Doctor will be on the market for two years the first member product "Medical 360" upgraded to "Health Guardian 360", the upgraded member products by insurance agents and policy users alike;
At the same time, Ping An Good Doctor has provided more than 500 corporate clients including one-on-one private doctors online consultation, offline hospital outpatient registration assistance, escort and other one-stop services, clients cover real estate, medicine, retail and other fields.
Fourth, Strategic Upgrade - Mission: To build a professional doctor-patient communication bridge in the market demand and policy promotion, the Internet medical industry is further enriched, the scale of the industry continues to expand, competition will intensify.
In order to strengthen health and medical services, improve the construction of the online and offline ecological circle, consolidate the leading position in the industry, in 2020, Ping An good doctor launched a comprehensive strategic upgrade, adhere to the construction of professional doctor-patient communication bridge as the mission, to trust, professional, convenient as the goal, to build the future China's largest, the most leading model, the most solid competitive barriers of the Internet medical service platform.
Ping An Good Doctor will continue to start from individual users (patients), insurance customers (policy users), enterprise customers (enterprise employees) and from the Internet hospital (co-built with offline hospitals around the end), invest more resources, bigger and stronger online medical services and health management services, while actively expanding offline cooperation network, including medical examination institutions, testing institutions, fitness and medical institutions, etc., to create a one-stop closed-loop ecology.
In the future, Ping An good doctors will continue to increase investment, expand the size of their own medical team, while actively exploring well-known medical resources at home and abroad, to build a multi-point practice model of the global network of doctors, increase traffic, speed up cooperation with offline medical institutions, to provide users with more comprehensive professional medical services.
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