（於開曼群島註冊成立的有限公司） （股份代號：1833） 各位非登記股東： 有關以電子方式發佈公司通訊安排的提示信函 以電子方式發佈公司通訊之安排 根據自 2023 年 12 月 31 日起生效的擴大無紙化上市制度及以電子方式發佈公司通訊規定下香港聯合交易所有限公司（「聯交 所」）證券上市規則（「上市規則」）第 2.07A 條，平安健康醫療科技有限公司（「公司」）謹此通知 閣下，公司已採用以 電子方式發佈公司通訊（「公司通訊」）之安排，公司通訊是指公司已發出或將予發出以供其任何證券的持有人參照或採取行 動的任何文件，包括但不限於(a) 董事會報告、年度賬目以及核數師報告副本以及（如適用）財務摘要報告； (b) 中期報告及 （如適用）其中期摘要報告； (c) 會議通告； (d) 上市文件； (e) 通函和 (f) 代表委任表格。 請注意，所有未來公司通訊的英文版和中文版將在公司網站 www.pagd.net 和披露易網站 www.hkexnews.hk 上提供，以代替印刷 本。 有意接收公司通訊通知的股東可於聯交所網站(www.hkexnews.hk)免費訂閱「訊息提示」服務。 作為非登記股東，如有意根據上市規 ...

（於開曼群島註冊成立的有限公司） （股份代號：1833） 若 閣下希望收取 日 後 公司通訊之印刷 本 ， 請 填 妥 隨附之 回 條 並交予 過戶登記處 或 發送電子郵件至 pagd.ecom@computershare.com.hk，並註明 閣下的姓名、地址以及收取公司通訊印刷本的要求。 請注意，選擇收取所有未來 公司通訊之印刷本，將自收到股東指示之日起至 2026 年 12 月 31 日有效，除非被撤銷或取代（以較早者為準）。因此，如果股 東希望繼續接收未來公司通訊的印刷本，則需要再提出書面要求。 各位登記股東： 有關以電子方式發佈公司通訊安排的提示信函 以電子方式發佈公司通訊之安排 根據自 2023 年 12 月 31 日起生效的擴大無紙化上市制度及以電子方式發佈公司通訊規定下香港聯合交易所有限公司（「聯交 所」）證券上市規則（「上市規則」）第 2.07A 條，平安健康醫療科技有限公司（「公司」）謹此通知 閣下，公司已採用以 電子方式發佈公司通訊（「公司通訊」）之安排，公司通訊是指公司已發出或將予發出以供其任何證券的持有人參照或採取行 動的任何文件，包括但不限於(a) 董事會報告、年度賬目以及核數師報 ...

Core Viewpoint - Ping An Good Doctor has been awarded the AAAA-level certification for brand development strength, indicating its leading position in brand value enhancement within the digital health industry in China [1][2]. Group 1: Brand Development Strength - The AAAA-level rating is based on the "Brand Development Strength" group standard (T/AIAAD 001-2025), developed by the China Advertising Association and other organizations, aiming to create a scientific and fair evaluation system for brand growth [2]. - The evaluation framework includes six dimensions: brand leadership, brand building, brand communication, brand recognition, brand support, and brand innovation, reflecting the comprehensive capabilities of brands in maintaining competitive advantages [2]. Group 2: Strategic and Operational Advantages - The brand development strength of Ping An Good Doctor is rooted in its systematic development advantages across strategy, operations, and responsibility, aligning with the group's "comprehensive finance + medical care and elderly care" strategy [3]. - The company has established a global medical service network and a leading insurance industry doctor team, with over 40 million users enjoying family doctor membership rights and serving over 4,500 corporate clients [3]. Group 3: Technological Empowerment and Social Responsibility - The company has enhanced its health management service capabilities through technology, achieving over 98% accuracy in AI-assisted consultations and nearly 90% accuracy in multidisciplinary treatment plans for complex diseases [4]. - Ping An Good Doctor integrates public welfare concepts into its business development, promoting national health literacy and high-quality workplace health management, thereby enhancing both commercial and social value [4]. Group 4: Future Outlook - The company aims to leverage the opportunities presented by the "Healthy China 2030" initiative and the "Artificial Intelligence+" action plan, transitioning the healthcare industry from a disease-centered approach to a health-centered one [4]. - Ping An Good Doctor plans to maintain its brand promise of being "worry-free, time-saving, and cost-effective," focusing on product quality and service excellence to provide quality health protection to more families [4].

据悉，平安好医生推出的商保直赔服务，构建了一套全新"医疗+保险+健康管理"服务生态体系。 该体系以国家医保局医保商保数据共享政策为指导，依托平安集团领先的金融科技能力与成熟的风险管 理体系，与各地优质医疗机构实现深度协作。商保直赔服务打通了医疗支付与商保理赔的数据断点，可 切实解决就医理赔难的问题。未来，该服务有望很快在武汉地区全面落地。 "就医垫付、理赔繁琐"是既往保险客户的核心痛点之一，为啃下商保直赔这块硬骨头，平安好医生 和武汉市第三医院在实现系统直连对接，打通数据断点期间，做出了不懈努力和倾情付出。武汉市第三 医院党委书记黄晓东表示，商保直赔服务上线是医院服务升级的"里程碑"，更是实现群众"数据多跑 路，群众少跑腿"思想的重要举措。将从根本上解决患者"理赔难、周期长"的痛点，促进医院、保险机 构、医健服务平台与患者的多方共赢。 客户张先生（化名）家人因烧伤入住武汉市第三医院，入院时在平安APP报案并申请直赔服务，在 出院当天到结算窗口办理结算，财务工作人员作医保结算后，接着商保核算，到患者商保直赔结果确 认，打印出院收据，不到10分钟就完成了保险理赔。"操作简单，几分钟就搞定，不用在医院和保险公 司跑 ...

2025年12月25日，平安健康互联网股份有限公司（以下简称：平安好医生）联合武汉市第三医院举办"商保直赔"服务上线启动仪式，宣布患者在该医院就 医，可享受"出院即赔付、零垫付"的便捷体验。具体来看，平安保险客户在出院结算时，只需花费不到十分钟即可完成商保理赔，不再事后填报资料，更 无需二次往返医院与保险公司。据了解，该创新服务举措是响应国家医保局医保商保数据共享政策、推动"健康中国"战略落地的积极实践，也是平安集 团"综合金融+医疗养老"双轮驱动战略推进的重要落子。未来，该服务将有望很快在武汉地区全面落地。 客户张先生（化名）家人因烧伤入住武汉市第三医院，入院时在平安APP报案并申请直赔服务，在出院当天到结算窗口办理结算，财务工作人员作医保结 算后，接着商保核算，到患者商保直赔结果确认，打印出院收据，不到10分钟就完成了保险理赔。"操作简单，几分钟就搞定，不用在医院和保险公司跑 来跑去交病历材料，体验非常好！"张先生对如此便捷的理赔操作赞不绝口。 平安好医生相关负责人指出，多年来公司始终致力于"以用户为中心"，向广大客户、患者提供省心、省时又省钱的优质医养服务体验。而拥有150年历史 的武汉市第三医院所具备 ...

Core Viewpoint - Ping An Good Doctor has launched a "commercial insurance direct compensation" service in collaboration with Wuhan Third Hospital, allowing patients to enjoy a seamless experience of "immediate compensation upon discharge, zero upfront payment" [1][5]. Group 1: Service Overview - The new service enables Ping An insurance customers to complete insurance claims in under ten minutes at the hospital discharge settlement, eliminating the need for post-visit paperwork and multiple trips between the hospital and the insurance company [1][3]. - This initiative aligns with the national medical insurance bureau's data-sharing policy and supports the "Healthy China" strategy, marking a significant step in Ping An Group's dual-driven strategy of "comprehensive finance + medical care and elderly care" [1][5]. Group 2: Customer Experience - A customer, Mr. Zhang, reported a highly positive experience with the direct compensation service, highlighting its simplicity and efficiency, which significantly reduced the hassle of traditional claims processes [3]. - The service aims to address the common pain points of insurance customers, such as complicated claims and long processing times, thereby enhancing the overall patient experience [6]. Group 3: Ecosystem and Collaboration - The direct compensation service is part of a new "medical + insurance + health management" ecosystem, leveraging Ping An's advanced financial technology and risk management capabilities in collaboration with quality medical institutions [5][6]. - The service is expected to expand rapidly in Wuhan, with plans to roll out in multiple large hospitals over the next two months, indicating a shift from isolated implementations to regional scale coverage [6].

Core Insights - The article highlights the transformation of the healthcare industry in China, driven by the "Healthy China" strategy and an aging population, with Ping An Good Doctor emerging as a leader in the shift from disease treatment to health management [1][18] - Ping An Good Doctor has achieved significant growth, with a 13.6% increase in revenue to 3.725 billion yuan and a 45.7% rise in adjusted net profit to 216 million yuan in the first three quarters of 2025, while maintaining over 70% market share in online consultations [1][6] Group 1: Business Model and Strategy - Ping An Good Doctor has adopted a unique "insurance + healthcare" collaborative model, inspired by the successful HMO strategy in the U.S., to create a closed-loop system that integrates financial protection with healthcare services [3][4] - The core of the HMO strategy is to establish a comprehensive health management system that includes preemptive health management, in-treatment services, and post-treatment care, differentiating it from traditional internet healthcare platforms [4][12] Group 2: Service Innovation and Technology - The company has developed a four-pronged service system ("to line, to hospital, to enterprise, to home") to ensure comprehensive coverage of healthcare services, enhancing user access to professional medical care [5][10] - Ping An Good Doctor leverages AI technology to optimize service delivery, resulting in a 52% reduction in average service costs per family doctor, thus creating a virtuous cycle of growth, cost optimization, and profit enhancement [6][8] Group 3: Market Position and Competitive Advantage - The company has established a strong market presence, serving over 45,000 corporate clients and covering more than 26 million employees, thereby creating a dominant position in corporate health management [13][14] - The deep collaboration with Ping An Group's various business units provides a unique competitive edge, facilitating a positive cycle of user retention and financial growth [14][16] Group 4: Future Outlook - The successful implementation of the HMO model and the continuous application of AI technology position Ping An Good Doctor for significant future growth, particularly in corporate health management and home care services [18][19] - The company's innovative approach and sustainable profitability model serve as a benchmark for the internet healthcare industry, indicating strong long-term growth potential [16][19]

有投资者在互动平台向乐心医疗提问："之前报道贵公司与中国平安旗下平安健康达成战略合作，请问 目前合作进展如何？有哪些具体项目落地？" 针对上述提问，乐心医疗回应称："尊敬的投资者，您好！公司目前与平安健康的合作主要是提供智能 心电监测产品和长程动态监测服务，相关合作的落地进展取决于内外部市场状况、合作方自身业务规划 等多重因素因而存在不确定性，敬请投资者注意投资风险。谢谢！" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

Core Viewpoint - Ping An Good Doctor has been awarded the "Annual Outstanding Healthcare Enterprise" by Gelonghui, recognizing its innovative Chinese-style Health Maintenance Organization (HMO) model and future potential in addressing challenges in the healthcare system [1] Group 1: Strategic Positioning - The company's core competitiveness stems from its strategic anchoring, positioning itself as a builder of the Chinese version of HMO, unlike many industry players focused on e-commerce or online consultations [1][2] - The business model has shifted from "post-reimbursement" to "full-cycle health management," aiming for a win-win scenario of "health preservation and cost control" through deep integration of payment and services [1][2] Group 2: Technological Empowerment - Ping An Good Doctor integrates AI deeply into its services, utilizing its self-developed medical model "Ping An Yibo Tong" to create a comprehensive "7+N+1" AI product matrix [2] - The application of AI has significantly improved the quality and efficiency of professional medical services, with the accuracy of complex disease treatment plans rising to nearly 90% and home doctor service costs decreasing by approximately 52% year-on-year [2] Group 3: Ecosystem Advantages - The company benefits from a robust ecosystem built on the Ping An Group, providing seamless services across various channels: online, hospital, home, and enterprise [3][4][5] - The extensive cooperation network includes nearly 37,000 hospitals in China and top global institutions, ensuring efficient resource matching through AI [4] - The company has provided comprehensive health management services to over 56,000 enterprises and 26 million employees, creating a low-cost customer acquisition model and high-value retention [5] Group 4: Future Growth Prospects - The award signifies market recognition of Ping An Good Doctor's Chinese-style management healthcare path, pointing towards a broader growth blueprint [6] - The company is poised to benefit from the structural growth period in the commercial health insurance market, which currently accounts for less than 3% of the healthcare payment structure in China [8] - With the "Healthy China" strategy advancing, enterprise health management is becoming a core competitive advantage, and Ping An Good Doctor has established significant first-mover and scale advantages in this area [8] Group 5: Long-term Vision - The growth narrative follows a clear logic of "internal to external, capability spillover," with the company focusing on serving internal insurance and enterprise clients while accumulating data capabilities [9] - Future plans include leveraging internal service networks and operational efficiencies to expand into external markets, potentially providing health management solutions to government healthcare systems [9][10] - The capital market is expected to reassess the company's value, given its roots in a larger and more urgent Chinese market compared to its U.S. counterparts, with a current market value of approximately 28.3 billion yuan [10] Summary - The recognition of Ping An Good Doctor as an "Annual Outstanding Healthcare Enterprise" highlights its successful exploration of a technology-driven management healthcare model [11] - The company has established a differentiated development path through a clear HMO strategy, deep AI integration, and unique ecosystem collaboration, aligning with market expectations for more efficient and accessible healthcare services [11]

Core Viewpoint - Ping An Good Doctor has been awarded the "Annual Outstanding Healthcare Enterprise," reflecting market recognition of its innovative "China-style Managed Care Organization (HMO)" model and its future potential [1][11]. Group 1: Strategic Positioning - Unlike many industry players focusing on drug e-commerce or light online consultations, Ping An Good Doctor has positioned itself as a builder of the China-style HMO, drawing on global benchmarks like UnitedHealth's "insurance payment + medical services" model [2]. - The company's business model has shifted from "post-reimbursement" to "full-cycle health management," aiming for a win-win scenario of "health preservation and cost control" through deep integration of payment and services [2]. Group 2: Technological Empowerment - Ping An Good Doctor integrates AI deeply into its services, utilizing its self-developed medical model "Ping An Yibo Tong" to create a comprehensive "7+N+1" AI product matrix, enhancing service quality and efficiency [3]. - The application of AI has led to significant improvements, with the accuracy of complex disease treatment plans reaching nearly 90% and the average service cost per family doctor decreasing by approximately 52% year-on-year [3]. Group 3: Ecosystem and Market Reach - The company has established a robust ecosystem supported by Ping An Group, offering seamless services across various channels, including online consultations, hospital partnerships, and home healthcare [4]. - It has provided comprehensive health management services to over 56,000 enterprises and 26 million employees, creating a health revenue structure centered on professional medical services [4]. Group 4: Future Growth Potential - The award signifies market validation of Ping An Good Doctor's approach, with a clear focus on two emerging markets: commercial health insurance and corporate health management [6]. - The commercial health insurance market in China, currently under 3%, presents significant growth potential, especially as the demand for quality healthcare rises amid an aging population [6][7]. - The company's strategy aims to leverage its internal capabilities to expand into external markets, potentially providing health management solutions to government healthcare systems [8]. Group 5: Market Valuation and Comparison - The current market valuation of Ping An Good Doctor, approximately 28.3 billion RMB, indicates substantial potential for long-term value reassessment, especially when compared to UnitedHealth Group's peak market value of around 4 trillion RMB [9]. - Recent optimistic forecasts from international investment banks reflect confidence in the scalability of its "China-style HMO" model, suggesting a shift in valuation logic from traditional internet platforms to more sustainable managed healthcare service platforms [9].