PA GOODDOCTOR (HKG:1833) saw its shares plummet 9.30% in Friday's pre-market trading, despite reporting a substantial increase in its nine-month net profit. The healthcare technology company, also known as Ping An Healthcare and Technology, announced a 72.6% year-on-year rise in net profit to 183.8 million yuan for the period ended September 30, 2025.
The company's financial results, released on Thursday, showed a 13.6% increase in revenue to 3.72 billion yuan, up from 3.28 billion yuan in the same period of 2024. Adjusted net profit, which excludes share-based payments and foreign exchange losses, grew by 45.7% to 216.1 million yuan. PA GOODDOCTOR also highlighted the improved accuracy of its AI-enabled medical platform in complex disease treatment, reaching nearly 90%, while reducing average family doctor service costs per customer by about 52% year-on-year.
Despite these positive results, investors appear to have reacted negatively, possibly due to profit-taking or concerns about the sustainability of the company's growth rate. The sharp stock decline might also reflect broader market sentiment or industry-specific factors not immediately apparent in the financial report. As the company continues to expand its AI integration to enhance service efficiency and user experience, market participants will be closely watching how these efforts translate into future financial performance and stock valuation.