Qingsongjianque 2025 Annual Report: Revenue of 1.256 Billion Increases 32.9%, Net Loss but Core Business Profitability Remains Stable

EasyHealth Group (Stock Code: 2661) recently submitted its first annual financial report after listing on the Hong Kong Stock Exchange. Data shows that the company’s total revenue for 2025 reached HKD 1.256 billion, a 32.9% increase compared to the previous year. This significant growth is mainly attributed to the outstanding performance of the health-related services segment. Since the strategic transformation, health management has become the core driver of the company’s revenue growth.

In terms of specific business composition, health-related services contributed HKD 926 million for the year, accounting for 73.7% of total revenue, further increasing its share compared to the previous year. Insurance technology services and insurance brokerage services achieved revenues of HKD 221 million and HKD 105 million respectively, together accounting for 26%. This change in business structure reflects the effectiveness of the company’s deep expansion into the health management field, with the health services segment now serving as the main support for the company’s development.

Regarding profitability, the company shows clear differentiation. Gross profit for the year reached HKD 435 million, a 20.3% increase year-over-year, but net profit showed a loss of HKD 379 million, a stark contrast to the HKD 10.4 million profit in the previous year. However, adjusted net profit was HKD 92 million, up 9% from the previous year, indicating that the core business profitability remains stable. The net loss mainly resulted from increased one-time expenses related to the listing and expanded strategic investments.

Looking back at the company’s listing process, in December 2025, EasyHealth Group officially listed on the Hong Kong Stock Exchange, with an issue price of HKD 22.68 per share, successfully raising HKD 600 million through a global offering. This first annual financial report, as the company’s post-listing performance report, not only demonstrates significant achievements in business expansion but also highlights the challenges in optimizing profit structure. As the health management services market continues to develop, the company’s future business layout and profit model adjustments are closely watched by the market.