Recently, the soaring stock price of Ping An Good Doctor has become the focus of the industry.
Recently, the soaring stock price of Ping An Good Doctor has become the focus of the industry.
According to Sina Finance, Ping An Good ’s share price reached a new high since its listing on the 15th of this month. It closed at 94.25 Hong Kong dollars on the same day. After the market value broke 100 billion to 100.592 billion Hong Kong dollars, it repeatedly broke new highs during the 16th day, reaching a high of 99.15 Hong Kong dollars. It is only one step away from the red background of HK $ 100. On the 17th, the stock price broke through the red bottom, hitting an intraday high of HK $ 101.1, hitting a new listing high, and refreshing the market value. As of now, the share price has dropped to HK $ 96.
Actually, Ping An Good Doctor’s stock price has continued to rise since the beginning of this year. As of now, it has risen by more than 65% during the year. When the financial report was announced in February this year, the stock price was still around 70 Hong Kong dollars. In more than two months, the stock price had broken through 90 Hong Kong dollars and once touched 100 Hong Kong dollars. The market value successfully exceeded 100 billion yuan. I have to say that as the world’s leading Internet medical and health platform, Ping An Good Doctor does have two brushes, which has once again consolidated its position in the industry.
Under the background of strong global risk aversion and the decline of the Hang Seng Index, Ping An Doctor ’s stock price soared. What is the booster behind this? In the future, what kind of imagination will Ping An Good Doctor’s Internet medical path have?
What is the share price hitting new highs?
Ping An Good Doctor ’s ability to reverse the stock price surge has nothing to do with the impact of the epidemic. Through the education of epidemic events, the enthusiasm of patients for online consultation has significantly increased. According to Analysys data, the daily life of online consultations during the Spring Festival increased significantly year-on-year, and maintained a continuous upward trend. The current Ping An Good Doctor has an industry advantage in traffic. According to data from AiMedia’s Polaris monitoring system, as of February 2020, the number of active users of the Ping An Doctor app reached 10.6543 million, far ahead of other applications in the medical and health field.
On April 14, as a representative of the digital economy, “News Network” focused on reporting that in this epidemic prevention battle, the Internet medical service platform “Ping An Good Doctor” 7 × 24 hour consultation platform, from the outbreak to the During April 8, the cumulative number of visits reached 1.11 billion, and the number of new registered users increased tenfold.
In addition, the international investment bank Yamato raised the target price of Ping An Good Doctor and reiterated its “Outperform” investment rating. According to the latest research report published by Daiwa, Ping An Good Doctor has made Hubei medical insurance payments available, and has made significant progress in being included in the National Drug Reimbursement Directory of Hubei Province, bringing a breakthrough to it. Together with the promotion of policies, it will open up growth potential for Ping An Good Doctor.
On the other hand, Ping An Good Doctor recently announced that its AI medical system has become the world’s first AI medical system to meet international standards. levelDr. Anhao pointed out that the world ’s largest family doctor organization WONCA certified Ping An Good Doctor ’s AI system standard is rated as the highest, which is the first time in the world. The highest level of AI medical technology in the world. This undoubtedly added a lot to the investment value of Ping An Good Doctor, which became a sufficient reason for the stock price to rise. Under the combined effect of the above factors, the continued increase in the capital going south has directly stimulated its stock price to continue to rise and continue to break through the top.
However, it is worth noting that compared with the recent good performance of stock prices and industry prospects, Ping An Good Doctor currently has many challenges. The following aspects may deserve the attention of Ping An Good Doctor. In fact, this is also an important factor affecting the performance of its stock price in the future.
The stock price is improving but the road ahead is still thorny
For Ping An Good Doctor, on the one hand, it is necessary to face the fact that it is still in the quagmire of losses, on the other hand, it needs to be alert to the market ’s diversion, and the user ’s experience has become a key part of its reputation. .
1. Revenue is growing rapidly but the road to loss has not yet come to an end
From the financial report of Doctor Ping An Good in 2019, the revenue during the period was 5.065 billion yuan, an increase of 51.8% year-on-year; the net loss was 747 million yuan, a year-on-year decrease of 18.2%, and the net loss rate was also 27.4 % Decreased by 12.7 percentage points to 14.7%. It is undeniable that the narrowing of Ping An Good Doctor ’s net loss is its positive side, but after all, it has not been able to get rid of the loss.
More importantly, the increase in the number of users is one of the important factors that can promote the rapid progress of the Internet medical industry. If Ping An Good Doctor is more inclined to the former between the number of users and the profit, then it may not be easy to achieve a turnaround in the short term.
2. Industry competition intensifies vertical platforms and Internet giants continue to attack
From the perspective of the vertical platform, there are many players in the industry, such as Weiyi, Health 160, Dr. Chunyu, and Lilac Garden. Taking micro-medicine as an example, after 10 years of development from the registration network, it has expanded into micro-medical cloud, micro-medical, micro-medicine, micro-medical insurance, micro-medical inspection and other business sectors. Among them, the smart medical cloud platform Weiyi Cloud, on the one hand, carries the data accumulated by other businesses, on the other hand, as the underlying technology, on the basis of developing corresponding smart products, improving the efficiency of other businesses, and providing B-end customers service.
The more intuitive advantage of Weiyi is that it announced that it has achieved full profit as early as 2016, and it is the only one among many peers.The one that makes money. In addition, Weiyi is also preparing to go public in Hong Kong. Once the IPO is successful, it will surely bring more financial support to it, thereby promoting its rapid development in the future.
Compared with Ping An Good Doctor ’s 315 million registered users and 66.9 million MAUs, Micro Doctor has no advantage, but according to public data, at the hospital, Micro Doctor connects more than 1 in 30 provinces and cities across the country. There are 10,000 hospitals, including 3,200 key hospitals, the number of which exceeds that of other platforms. This may also be the foundation for Weiyi’s IPO in Hong Kong.
During the epidemic, Weiyi also shouldered the responsibility of anti-epidemic. As of April 9th, Weichai has provided online medical consultation, psychological consultation, Chinese medicine consultation and other anti-epidemic rescue services to overseas compatriots and international friends. The cumulative number of visits to the “global anti-epidemic platform” reached 12.91447 million, serving 59,031 overseas compatriots. In addition, Good Doctor Online, Alibaba Health, JD Health, and Baidu have launched free consultations. While these measures have carried the banner of anti-epidemic disease, they have also achieved effective customer acquisition for their own platforms. Users are inevitable.
From pure Internet medical platforms, vertical specialist platforms, to cross-border e-commerce companies such as Tmall and Meituan, they are all rushing to lay out the big health field. The entrances of health malls are now endless, and the industry is in full swing. The flames of war went from online to offline.
In October last year, Tencent joined hands with Turtleneck Capital to overweight Chinese pharmacy business; in the same period, Ali also acquired Mi Nian Health; and JD Health has now developed into the country ’s largest pharmaceutical retail channel, accounting for more than 15% of the country ’s pharmaceutical retail Share. Although Ping An Good Doctor is also building an online and offline ecosystem, in the face of the comprehensive online and offline attacks in the industry, Ping An Good Doctor must also spend more energy to deal with these menacing opponents.
Behind the good imagination of Ping An Good Doctor, the Internet medical industry is expected to usher in “spring”
From the perspective of the industry, the broad track is becoming an important prerequisite for the Internet medical industry to improve. According to Frost & Sullivan’s report, the number of online medical consultations in China has risen rapidly from 29.8 million in 2012 to 148.4 million in 2016, with a compound annual growth rate of 49.4%. Frost & Sullivan predicts that the number of medical online consultations in China will maintain a compound annual growth rate of 39.8%, reaching 4.2 billion in 2026. This means that China’s Internet medical business still has huge upside potential.
Furthermore, under the epidemic, Internet medical services continue to receive policy dividends. In February 2020, the National Health and Health Commission issued the “Notice of the General Office of the National Health and Health Commission on Doing a Good Job of Internet Diagnosis and Consultation Services in the Prevention and Control of Epidemic Situations”; on March 2, the National Health Insurance Bureau and the National Health and Construction Commission jointly issued
For Ping An Good Doctor, on the one hand, it is necessary to face the fact that it is still in the quagmire of losses, on the other hand, it needs to be alert to the market ’s diversion, and the user ’s experience has become a key part of its reputation. .
1. Revenue is growing rapidly but the road to loss has not yet come to an end
From the financial report of Doctor Ping An Good in 2019, the revenue during the period was 5.065 billion yuan, an increase of 51.8% year-on-year; the net loss was 747 million yuan, a year-on-year decrease of 18.2%, and the net loss rate was also 27.4 % Decreased by 12.7 percentage points to 14.7%. It is undeniable that the narrowing of Ping An Good Doctor ’s net loss is its positive side, but after all, it has not been able to get rid of the loss.
More importantly, the increase in the number of users is one of the important factors that can promote the rapid progress of the Internet medical industry. If Ping An Good Doctor is more inclined to the former between the number of users and the profit, then it may not be easy to achieve a turnaround in the short term.
2. Industry competition intensifies vertical platforms and Internet giants continue to attack
From the perspective of the vertical platform, there are many players in the industry, such as Weiyi, Health 160, Dr. Chunyu, and Lilac Garden. Taking micro-medicine as an example, after 10 years of development from the registration network, it has expanded into micro-medical cloud, micro-medical, micro-medicine, micro-medical insurance, micro-medical inspection and other business sectors. Among them, the smart medical cloud platform Weiyi Cloud, on the one hand, carries the data accumulated by other businesses, on the other hand, as the underlying technology, on the basis of developing corresponding smart products, improving the efficiency of other businesses, and providing B-end customers service.
The more intuitive advantage of Weiyi is that it announced that it has achieved full profit as early as 2016, and it is the only one among many peers.The one that makes money. In addition, Weiyi is also preparing to go public in Hong Kong. Once the IPO is successful, it will surely bring more financial support to it, thereby promoting its rapid development in the future.
Compared with Ping An Good Doctor ’s 315 million registered users and 66.9 million MAUs, Micro Doctor has no advantage, but according to public data, at the hospital, Micro Doctor connects more than 1 in 30 provinces and cities across the country. There are 10,000 hospitals, including 3,200 key hospitals, the number of which exceeds that of other platforms. This may also be the foundation for Weiyi’s IPO in Hong Kong.
During the epidemic, Weiyi also shouldered the responsibility of anti-epidemic. As of April 9th, Weichai has provided online medical consultation, psychological consultation, Chinese medicine consultation and other anti-epidemic rescue services to overseas compatriots and international friends. The cumulative number of visits to the “global anti-epidemic platform” reached 12.91447 million, serving 59,031 overseas compatriots. In addition, Good Doctor Online, Alibaba Health, JD Health, and Baidu have launched free consultations. While these measures have carried the banner of anti-epidemic disease, they have also achieved effective customer acquisition for their own platforms. Users are inevitable.
From pure Internet medical platforms, vertical specialist platforms, to cross-border e-commerce companies such as Tmall and Meituan, they are all rushing to lay out the big health field. The entrances of health malls are now endless, and the industry is in full swing. The flames of war went from online to offline.
In October last year, Tencent joined hands with Turtleneck Capital to overweight Chinese pharmacy business; in the same period, Ali also acquired Mi Nian Health; and JD Health has now developed into the country ’s largest pharmaceutical retail channel, accounting for more than 15% of the country ’s pharmaceutical retail Share. Although Ping An Good Doctor is also building an online and offline ecosystem, in the face of the comprehensive online and offline attacks in the industry, Ping An Good Doctor must also spend more energy to deal with these menacing opponents.
Behind the good imagination of Ping An Good Doctor, the Internet medical industry is expected to usher in “spring”
From the perspective of the industry, the broad track is becoming an important prerequisite for the Internet medical industry to improve. According to Frost & Sullivan’s report, the number of online medical consultations in China has risen rapidly from 29.8 million in 2012 to 148.4 million in 2016, with a compound annual growth rate of 49.4%. Frost & Sullivan predicts that the number of medical online consultations in China will maintain a compound annual growth rate of 39.8%, reaching 4.2 billion in 2026. This means that China’s Internet medical business still has huge upside potential.
Furthermore, under the epidemic, Internet medical services continue to receive policy dividends. In February 2020, the National Health and Health Commission issued the “Notice of the General Office of the National Health and Health Commission on Doing a Good Job of Internet Diagnosis and Consultation Services in the Prevention and Control of Epidemic Situations”; on March 2, the National Health Insurance Bureau and the National Health and Construction Commission jointly issued
From the perspective of the industry, the broad track is becoming an important prerequisite for the Internet medical industry to improve. According to Frost & Sullivan’s report, the number of online medical consultations in China has risen rapidly from 29.8 million in 2012 to 148.4 million in 2016, with a compound annual growth rate of 49.4%. Frost & Sullivan predicts that the number of medical online consultations in China will maintain a compound annual growth rate of 39.8%, reaching 4.2 billion in 2026. This means that China’s Internet medical business still has huge upside potential.
Furthermore, under the epidemic, Internet medical services continue to receive policy dividends. In February 2020, the National Health and Health Commission issued the “Notice of the General Office of the National Health and Health Commission on Doing a Good Job of Internet Diagnosis and Consultation Services in the Prevention and Control of Epidemic Situations”; on March 2, the National Health Insurance Bureau and the National Health and Construction Commission jointly issued