Core Viewpoint - Morgan Stanley's research report indicates that Ping An Good Doctor's revenue for the first three quarters of this year increased by 13.6% year-on-year to 3.72 billion yuan, while net profit rose by 72.6% to 184 million yuan, and adjusted net profit grew by 45.7% to 216 million yuan [1] Group 1: Financial Performance - Revenue for the first three quarters reached 3.72 billion yuan, reflecting a year-on-year growth of 13.6% [1] - Net profit increased to 184 million yuan, marking a year-on-year growth of 72.6% [1] - Adjusted net profit rose to 216 million yuan, with a year-on-year increase of 45.7% [1] Group 2: Future Outlook - The company is expected to achieve over 10% revenue growth for the full year, with an adjusted net profit margin target of 5% to 6%, contingent on the pace of AI investments [1] - The AI technology implemented has improved the treatment accuracy for complex diseases to approximately 90%, up from about 80% in the first half of the year [1] - The cost of family doctor services has decreased by approximately 52% year-on-year due to the use of AI technology [1] Group 3: Analyst Rating - Morgan Stanley has set a target price of 16.3 HKD and assigned a "Market Perform" rating to the company [1]
大行评级丨大摩：预计平安好医生可实现全年收入增长逾10%的目标 目标价16.3港元