PING AN HEALTHCARE AND TECHNOLOGY Slumps Nearly 5% Post-Results; 1Q Net Profit Surges 1.38x
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PING AN HEALTHCARE AND TECHNOLOGYsaw its share price drop nearly 5% despite reporting a 138.4% year-on-year increase in net profit for Q1, reaching RMB79.114 million. The stock opened 1.7% higher but fell to HKD11.18, down 4.85%. Revenue for the quarter was RMB1.159 billion, up 9.1% YoY, with a significant growth in corporate clients, serving over 7,500, a nearly 89% increase YoY. The company's corporate health management business also showed continued growth.
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