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Ping An Healthcare and Technology Stock Soared 10% – Managed Care Takes Center Stage in Corporate Health Management

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SHANGHAI, Sept. 27, 2024 /PRNewswire/ — On September 26, 2024, Ping An Healthcare and Technology Company Limited (“Ping An Good Doctor“, “Ping An Health”, or “the Company”, Stock Code: 1833.HK), China’s leading healthcare ecosystem platform, saw its share price surge by nearly 10% during the trading session, peaking at HK$12.08.

The U.S. Federal Reserve’s recent announcement of a 50 basis point decrease in the federal funds rate target has further boosted liquidity, fueling the rally of internet healthcare stocks in the Hong Kong market. Additionally, on September 23, the State Council Information Office held a press conference focused on “Promoting High-Quality Development.” According to publicly available data, as of the end of 2023, China’s population aged 60 and above had reached 297 million. During the press conference, the Ministry of Civil Affairs emphasized that effective measures would be taken to address the challenge, including the development and implementation of an effective senior care service system tailored to China’s needs.

Since 2024, the term “silver economy” has emerged as one of the most talked-about topics in China, with the senior care industry experiencing rapid growth and presenting immense opportunities. In response to this demographic shift, Ping An Health has intensified its investments in the sector in line with its proactive growth strategy.

Over recent years, the Company has intensified its efforts to develop a comprehensive “3-in-1” senior care concierge system integrating smart concierges, daily life concierges, and doctor concierges. By providing personalized and comprehensive senior care services, the Company aims to meet the diverse needs of the senior population while expanding the company’s service boundaries and revenue streams. Currently, the Company’s home-based senior care benefits are available in 64 cities across China, up by 10 cities from 31 December 2023.

Ping An Health 2024 interim report showed that in the first half of the year, the Company’s revenue reached RMB2.09 billion, turning a profit for the first time with earnings exceeding RMB60 million and an adjusted net profit nearing RMB90 million. Following optimization of its business structure, coupled with steady performance in F-end (insurance and financial service customers) and rapid growth in B-end (corporate clients) operations, the Company achieved profitability for the first time, marking a milestone and further showcasing the growth and the development potential of its Strategy 2.0.

The core business model of Ping An Health’s Strategy 2.0 is to act for three main payers, including integrated finance business (F-end), corporate clients (B-end) and individual customers (C-end), and integrate providers. By focusing on the development of family doctors and senior care concierges, the Company aims to provide customers with high-quality, cost-effective health care and senior care services.

Corporate health management is a pivotal element within the Company’s Strategy 2.0 Continuum and a key engine of its long-term growth. During the first six months of 2024, the Company’s B-end strategic business revenue reached RMB710 million, a year-on-year increase of 58.8%. By the end of June 2024, the total number of corporate clients served by the Company grew 46% year-on-year to 1,748, consolidating its leadership within the sector.

During the reporting period, Ping An Health consistently improves its “Enterprise EZHealth” corporate health management product portfolio, including “Health Management +” and “Health Checkup +”. These enhancements aim to establish a more competitive and differentiated product service matrix to meet the diverse needs of corporate clients.

Looking ahead, the strong foundation of China’s economy and the sustained momentum of its recovery bode well for Ping An Health. As the flagship and sole online platform for Ping An Group’s healthcare and senior care ecosystem, Ping An Health will continue to further develop a Chinese “managed care model”, in alignment with the group’s strategy of “integrated finance + health and senior care”.

 

View original content:https://www.prnewswire.com/news-releases/ping-an-healthcare-and-technology-stock-soared-10—managed-care-takes-center-stage-in-corporate-health-management-302261078.html

SOURCE Ping An Healthcare and Technology Company Limited

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Meet With Culture: Rediscovering the Hutong Culture in Beijing

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December 22, 2024

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BEIJING, Dec. 22, 2024 /PRNewswire/ — Beijing, as a capital of five dynasties in history, preserves rich historical heritage, such as traditional buildings and hutongs (alleys). Yangmeizhu Xiejie, an alley in Xicheng District of Beijing, is regarded as one of Beijing’s ten most beautiful alleys for its historical charm, traditional culture and the shops with creative designs and products.

 

Since 2013, the government Xicheng District has been working on renovation of Yangmeizhu Xiejie, including the residences and shops along the alley, which is supported by the residents. After renovation, the shops maintain their original building styles while expanding new functions and space with creative designs, attracting investments from both home and abroad.

If take a walk in Yangmeizhu Xiejie, one can find a vibrant alley that blends traditional architecture with modern lifestyle and cultural creativity. Yangmeizhu Xiejie presents a scene of everyday life in Beijing’s alleys: clothes hung out in resident courtyard for drying, the hustle and bustle of vegetable markets, and smoke from kitchen chimneys.

The alley also gathers many cultural spaces that integrate traditional culture with contemporary design. Shopkeepers from both home and abroad have started their creative businesses in the alley, reflecting Beijing’s openness and inclusiveness. Each corner of the alley offers a glimpse into the local lifestyle and culture, making it an ideal destination for those who want to experience the authentic hutong culture.

When night falls, the alley restores to quiet again as tourists leave. Local residents continue to enjoy the leisure in the alley. The harmony is well maintained between the residents and neighboring business in the alley, promoting the sustainable development of the traditional Beijing lifestyle and moderate commercial activities.

Yangmeizhu Xiejie represents a successful case of Beijing’s effort to preserve its cultural heritage and promote innovation, serving as a living museum of the urban life in old Beijing.

Click the link below to follow Noel and explore the hutong culture of Beijing.
https://youtu.be/FzrJfKluBoE

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SOURCE Meet with culture

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A Bus Tour Across China | The First Inner Mongolia Shaomai Festival

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3 hours ago

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December 22, 2024

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Inner Mongolia – Where Nature’s Purity Meets Culinary Excellence

BEIJING, Dec. 22, 2024 /PRNewswire/ — As the Dongzhi (Winter Solstice) approaches, a time as significant as the New Year itself, the spirit of reunion warms the heart of Hohhot (the Green City), inviting all to a feast of flavors and culture! Join us for a grand celebration where culinary artistry meets cultural heritage! On December 21, 2024, at 10:15 AM (Beijing Time), China Media Group, in collaboration with the Inner Mongolia Autonomous Region Agriculture and Animal Husbandry Hall, proudly presents an integrated media live broadcast: “A Bus Tour Across China | Where Each Shaomai Tells a City’s Story.” Amid rising steam and anticipation, the Inaugural Inner Mongolia Shaomai Festival unfolds spectacularly extending a warm invitation to all! Each carefully crafted shaomai embodies the essence of “Inner Mongolia – Where Nature’s Purity Meets Culinary Excellence.”

Live broadcast link: https://www.yspapp.cn/2XAN

View original content to download multimedia:https://www.prnewswire.com/news-releases/a-bus-tour-across-china–the-first-inner-mongolia-shaomai-festival-302337932.html

SOURCE China Media Group Mobile

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MagFone Christmas & New Year Sale: Unbeatable Discounts for the Holiday Season

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10 hours ago

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December 22, 2024

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The festive season is upon us, and MagFone is here to make your holidays even brighter with an exclusive Christmas & New Year sale! From incredible discounts on best-selling products to special deals on new products, MagFone is the ultimate destination for holiday shopping. From December 18, 2024 to January 6, 2025, this sale offers up to 80% off discount for everyone. Let’s dive into the details of the most awaited sale of the year.

HONGKONG, Dec. 21, 2024 /PRNewswire-PRWeb/ — What Can You Get from MagFone Christmas & New Year Sale?

New arrival – Location Changer is only $1.99 to everyone in this MagFone Christmas & New Year Grand sales. Moreover, everyone can enjoy up to 80% OFF.

1. Best-Selling Products at Up to 70% OFF

Resolving various iOS system issues or unlocking locked Apple devices like iPhone and iPad by yourself at home with MagFone’s flagship products, now available at unbeatable prices. Best-selling products such as iPhone Unlocker, Activation Unlocker, and iOS System Recovery are up for grabs with discounts of up to 70% off. Don’t miss out on this chance to get MagFone’s best-selling products at jaw-dropping prices.

MagFone iPhone Unlocker at $20.95/month and $41.95/lifetime.MagFone Activation Unlocker at $20.95/month and $41.95/lifetime.MagFone iOS System Recovery at $17.95/month and $48.95/lifetime.

2. New Arrival to Get with Only $1.99

Whether you want to change your location on your mobile device or simulate GPS movement in various games, MagFone’s new product – Location Changer – is perfect for you. Designed for both iOS and Android users, this tool comes equipped with advanced location changing features, flexible movement speed, and customizable route. With only $1.99, it is a must-have for this Christmas sale if you have the demand to change your device location.

3. 4-in-1 Bundle to Maximize Your Savings

MagFone values all loyal customers and offers exclusive pers during the Christmas & New Year sale. A super 4-in-in bundle is at reduced prices, which enables you to get all products from MagFone with an 80% off discount. This bundle includes all the tools you need, whether you’re looking to resolve various system problems and unlocking issues or change iPhone and Android device’s location. Don’t miss this chance to get all MagFone products at unbeatable prices.

MagFone Christmas & New Year Sale is a limited-time event, running from December 18, 2024 to January 6, 2025. With discount this good, products are expected to get at the lowest price this year. Don’t wait until the last minute—start shopping now to get MagFone products at the best deals.

About MagFone:

MagFone is redefining tech innovation with state-of-the-art technology and intuitive design. Whether their flagship products like iPhone Unlocker or newly-released tools like Location Changer, MagFone products are built for performance and flexibility.

YouTube: https://www.youtube.com/@magfone

Facebook: https://www.facebook.com/magfone/

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Media Contact

Olivia Wood, MagFone, 86 19186985874, support@magfone.com, https://www.magfone.com/

View original content to download multimedia:https://www.prweb.com/releases/magfone-christmas–new-year-sale-unbeatable-discounts-for-the-holiday-season-302337015.html

SOURCE MagFone

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