Ping An Good Doctor projected to see 56% profit CAGR surge by 2027

Ali Health adjusted net profit forecast at 24% CAGR.

Ping An Good Doctor’s adjusted net profit is projected to grow at a 56% compound annual growth rate (CAGR) from 2025 to 2027, alongside revenue CAGR of 16% over the same period, according to a UOB Kay Hian sector report.

Alibaba Health Information Technology is forecast to deliver adjusted net profit CAGR of 24% and revenue CAGR of 13% for FY26–28, the brokerage said. The firm projects FY26 revenue growth of 10% to 15% year on -year (YoY) and adjusted net profit growth of 20% to 30% YoY.

Ping An Good Doctor recorded 9M25 revenue growth of 14% YoY and adjusted net profit growth of 46% YoY, whilst Alibaba Health reported H1FY26 revenue growth of 17% YoY and adjusted net profit growth of 39% YoY.

The report highlighted Beijing’s launch of China’s first pilot programme allowing first-time medical consultations to be conducted online through December 2026, expanding a model previously limited to follow-up visits. It said the policy could enlarge the online prescription market and reduce user friction.

Artificial intelligence integration is expanding across the sector, with Ant Group’s Ant Afu surpassing 30 million monthly active users (MAU) and processing 10 million daily queries, reflecting the scale of AI-enabled healthcare adoption.