Ping An Good Doctor (1833.HK) has announced its 2021 annual results. During the reporting period, the Company maintained steady growth with total revenue reaching RMB 7,334 million. Total gross margin reached 23.3%. In particular, medical services contributed revenue of RMB 2,288 million, representing 31.2% of total revenue. Building on the “health maintenance organizations (HMO) + family doctor memberships + O2O-based medical services” model, the cumulative number of paying users crossed 38 million in 2021 while the conversion rate of paying