KEY STAT | AliHealth Reports Net Profit of $ 53.3 Million as Online Pharmacy Sales Continue to Grow
AliHealth has emerged as the largest online pharmacy market in China in terms of sales, the company said on Tuesday after its publication. revenue of $ 2.4 billion for the year ended March 31, 2021, up 61.8% from last year.
The company reported annual net profit of $ 53.3 million, slightly below market expectations of 69.9 million USD, but with a significant improvement from the loss of $ 2.44 million reported in 2020, 36 Kr reported.
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The strong performance was mainly driven by the rapid increase in online sales of drugs and health products through the company’s stand-alone online pharmacies, which accounted for 85% of the company’s revenue, according to the release the results.
Leveraging Alibaba’s extensive retail offering, AliHealth has 280 million annual active shoppers on its store on Tmall and 520 million annual active users on its mini-program on Alipay. Competitors such as JD Health reported 89.9 million annual active users at the end of 2021, while Ping An Good Doctor had 72.6 million monthly active users during the same period.
Aaron Zhang contributed to this piece.
This article is part of KrASIA’s “Key Stat” series, where KrASIA selects and presents the most significant figures from the world of technology and business.