Core Points - The company has announced a share repurchase plan, allowing for the buyback of shares at a price not exceeding RMB 10.00 per share, with a total repurchase amount between RMB 100 million and RMB 200 million, to be executed within 12 months from the board's approval date [6][7] - As of September 30, 2025, the company has repurchased a total of 2.0055 million shares, with a cumulative repurchase amount of RMB 12.089 million (excluding transaction fees) [7] - The company is currently involved in legal proceedings due to a case involving the forgery of company seals, with 14 lawsuits from primary distributors totaling RMB 69.5026 million and 10 lawsuits from secondary distributors totaling RMB 17.0766 million [7] Financial Data - The financial statements for the third quarter have not been audited [3] - The company has confirmed that the financial information in the quarterly report is true, accurate, and complete, with no false records or significant omissions [2] - The company has not reported any non-recurring gains or losses for the current period [4][5]

Core Viewpoint - The company, Jimin Health, has announced its third-quarter financial report for 2025, highlighting its share repurchase plan and ongoing legal issues related to a fraud case involving a former employee [5][6]. Financial Data - The financial report for the first nine months of 2025 is unaudited, with no profits reported from merged entities [7][8]. - As of September 30, 2025, the company has repurchased 2,005,500 shares, totaling 12.089 million yuan (excluding transaction fees) [6]. Share Repurchase Plan - The company plans to repurchase shares using its own funds, with a maximum price of 10.00 yuan per share and a total repurchase amount between 100 million yuan and 200 million yuan, to be completed within 12 months from the board's approval [5]. Legal Issues - The company is currently facing 14 lawsuits from primary distributors involving 69.5026 million yuan and 10 lawsuits from secondary distributors involving 17.0766 million yuan due to a fraud case involving a former employee [6].

Core Viewpoint - Jimin Health (603222.SH) reported a significant decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved total operating revenue of 545 million yuan, representing a year-on-year decrease of 20.21% [1] - The net profit attributable to shareholders was -77.15 million yuan, a sharp decline from a net profit of 28.42 million yuan in the same period last year [1] - The basic earnings per share were -0.1473 yuan [1]

Core Viewpoint - Jimin Health reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating financial challenges for the company [1][2]. Financial Performance - The company's revenue for the first three quarters was 545 million yuan, a year-on-year decrease of 20.21% [1]. - The net profit attributable to shareholders was -77.15 million yuan, a year-on-year decline of 371.51% [1]. - The net profit excluding non-recurring items was -76.54 million yuan, down 385.10% year-on-year [1]. - Basic earnings per share were -0.15 yuan [1]. Profitability Metrics - The gross margin for the first three quarters was 36.11%, down 7.14 percentage points year-on-year [2]. - The net margin was -13.84%, a decrease of 18.73 percentage points compared to the same period last year [2]. - In Q3 2025, the gross margin was 34.54%, down 6.31 percentage points year-on-year and down 1.58 percentage points quarter-on-quarter [2]. - The net margin for Q3 was -14.39%, a decline of 15.47 percentage points year-on-year, but an increase of 6.12 percentage points from the previous quarter [2]. Expense Analysis - Total operating expenses for the period were 235 million yuan, a decrease of 19.34 million yuan year-on-year [2]. - The expense ratio was 43.20%, an increase of 5.90 percentage points compared to the same period last year [2]. - Sales expenses decreased by 16.70%, while management expenses decreased by 1.51% [2]. - Research and development expenses increased by 0.79%, and financial expenses rose by 19.00% [2]. Company Overview - Jimin Health, established on December 24, 1996, is located in Taizhou, Zhejiang Province, and was listed on February 17, 2015 [3]. - The company's main business includes the research, production, and sales of medical devices, medical services, and large-volume infusion products [3]. - The revenue composition is as follows: pharmaceutical manufacturing 52.07%, medical services 46.01%, pharmaceutical trade 1.54%, and others 0.38% [3]. - Jimin Health is classified under the pharmaceutical and biological industry, specifically in medical devices and consumables [3].

Financial Performance - The company's operating revenue for the third quarter was ¥178,268,850.64, a decrease of 17.86% compared to the same period last year[4]. - The total profit for the third quarter was -¥33,081,417.78, representing a decline of 1,749.03% year-on-year[4]. - The net profit attributable to shareholders was -¥24,454,507.27, down 923.38% from the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥23,334,321.39, a decrease of 1,054.49% year-on-year[4]. - The basic earnings per share for the third quarter was -¥0.0468, a decline of 920.18% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 was ¥544.72 million, a decrease of 20.2% compared to ¥682.67 million in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was a loss of ¥75.37 million, compared to a profit of ¥33.40 million in 2024, representing a significant decline[20]. - The total comprehensive income for the first three quarters of 2025 was a loss of ¥68.04 million, compared to a gain of ¥33.03 million in 2024[21]. - The company’s basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.1473, compared to ¥0.0538 in 2024[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,495,960,023.97, an increase of 3.38% from the end of the previous year[5]. - The equity attributable to shareholders decreased by 5.53% to ¥1,398,916,578.17 compared to the end of the previous year[5]. - The total liabilities increased to RMB 1,007,920,871.09 from RMB 846,220,952.60, representing a growth of approximately 19.1%[16]. - The company's total current liabilities reached RMB 665,932,667.63, an increase from RMB 486,577,856.37, reflecting a growth of approximately 37%[16]. - The company's equity attributable to shareholders decreased to RMB 1,398,916,578.17 from RMB 1,480,824,869.60, a decline of about 5.5%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥32,252,594.88, a decline of 172.82% compared to the previous year[4]. - The company reported a net cash outflow from operating activities of ¥32.25 million in 2025, compared to an inflow of ¥44.29 million in 2024[24]. - Cash and cash equivalents at the end of the third quarter of 2025 were ¥253.50 million, down from ¥172.60 million at the end of the same period in 2024[24]. - The company raised ¥397.88 million through financing activities in 2025, significantly higher than the ¥176.00 million raised in 2024[24]. - The company’s investment activities generated a net cash outflow of ¥191.31 million in 2025, compared to a smaller outflow of ¥88.21 million in 2024[24]. Inventory and Receivables - The company plans to further assess inventory impairment provisions due to reduced sales and market conditions affecting product lines[6]. - The company reported a decrease in inventory from RMB 174,108,449.24 to RMB 134,461,736.70, a reduction of about 22.8%[15]. - Accounts receivable rose to RMB 150,060,274.17, up from RMB 126,974,794.39, indicating an increase of about 18.2%[14]. Share Repurchase and Legal Matters - The company repurchased a total of 2,005,500 shares for a total amount of RMB 12,089,000 as of September 2025[13]. - The company plans to repurchase shares at a price not exceeding RMB 10.00 per share, with a total repurchase fund between RMB 100 million and RMB 200 million[12]. - The company is involved in ongoing legal cases with a total claim amount of RMB 6,950.26 million from primary distributors and RMB 1,707.66 million from secondary distributors[13]. Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year of first-time application[25]. - The announcement was made by the board of directors of Jimin Health Management Co., Ltd. on October 31, 2025[26].

Core Insights - The cell immunotherapy sector has seen a significant increase of 3.18%, ranking second among concept sectors, with 56 stocks rising, including Jimin Health reaching the daily limit, and notable gains from Shutai Shen, Hanyu Pharmaceutical, and Huahai Pharmaceutical at 12.50%, 7.87%, and 7.59% respectively [1][2] Market Performance - The cell immunotherapy concept attracted a net inflow of 1.191 billion yuan, with 47 stocks receiving net inflows, and 7 stocks exceeding 50 million yuan in net inflows. Hanyu Pharmaceutical led with a net inflow of 172 million yuan, followed by Huahai Pharmaceutical, Jimin Health, and Shutai Shen with net inflows of 157 million yuan, 112 million yuan, and 103 million yuan respectively [2][3] Stock Performance - Jimin Health, Nanjing New百, and Kaineng Health had the highest net inflow ratios at 29.96%, 15.88%, and 14.04% respectively. The top stocks in the cell immunotherapy sector based on net inflow include Hanyu Pharmaceutical with a 7.87% increase and a turnover rate of 10.59%, Huahai Pharmaceutical with a 7.59% increase and a turnover rate of 5.47%, and Jimin Health with a 10.03% increase and a turnover rate of 6.73% [3][4]

Market Overview - The medical device sector increased by 0.72% on October 15, with TuoJing Life leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Top Performers - TuoJing Life (300642) closed at 25.85, up 10.38% with a trading volume of 294,900 shares and a transaction value of 756 million [1] - JiMin Health (603222) closed at 10.97, up 10.03% with a trading volume of 353,400 shares [1] - MaiLanDe (688273) closed at 43.90, up 9.75% with a trading volume of 47,500 shares [1] - KeFu Medical (301087) closed at 43.10, up 7.86% with a trading volume of 72,700 shares [1] - Rejing Bio (688068) closed at 170.79, up 6.96% with a trading volume of 34,700 shares [1] Underperformers - JinHao Medical (920925) closed at 34.05, down 3.81% with a trading volume of 15,400 shares [2] - DaBo Medical (002901) closed at 55.52, down 2.94% with a trading volume of 29,400 shares [2] - HuaDa ZhiZao (688114) closed at 68.57, down 2.93% with a trading volume of 52,400 shares [2] Capital Flow - The medical device sector saw a net inflow of 500 million in main funds, while retail investors experienced a net outflow of 214 million [2][3] - Major stocks like SaiNuo Medical (688108) had a net inflow of 129 million from main funds, while JiMin Health (603222) saw a net outflow of 471 million from retail investors [3]

Core Insights - The A-share market has seen a significant rally in innovative drug concept stocks, with notable increases in share prices for several companies [1] Group 1: Stock Performance - Guangxi Shengtang (广生堂) experienced a rise of approximately 18% [2] - Shutaishen (舒泰神) increased by over 12% [2] - Jimin Health (济民健康) and Anglikang (昂利康) both hit the 10% daily limit up [2] - Huahai Pharmaceutical (华海药业) rose by over 9% [2] - Frontier Biologics (前沿生物) increased by over 8% [2] - Hanyu Pharmaceutical (翰宇药业) saw a rise of over 7% [2] - Saily Medical (塞力医疗) and Jiuzhou Pharmaceutical (九洲药业) both increased by over 6% [2] Group 2: Market Capitalization and Year-to-Date Performance - Guangxi Shengtang has a market capitalization of 19.2 billion with a year-to-date increase of 269.02% [2] - Shutaishen has a market capitalization of 17.3 billion with a year-to-date increase of 389.07% [2] - Jimin Health has a market capitalization of 5.76 billion with a year-to-date increase of 61.56% [2] - Anglikang has a market capitalization of 8.31 billion with a year-to-date increase of 213.50% [2] - Huahai Pharmaceutical has a market capitalization of 31.4 billion with a year-to-date increase of 18.92% [2] - Frontier Biologics has a market capitalization of 5.544 billion with a year-to-date increase of 51.64% [2] - Hanyu Pharmaceutical has a market capitalization of 19.2 billion with a year-to-date increase of 68.35% [2] - Saily Medical has a market capitalization of 5.628 billion with a year-to-date increase of 270.91% [2] - Jiuzhou Pharmaceutical has a market capitalization of 18.5 billion with a year-to-date increase of 56.50% [2]

Core Viewpoint - The innovative drug concept stocks experienced a significant surge in early trading on October 15, with several companies reaching their daily price limits and notable increases in stock prices [1]. Group 1: Stock Performance - Angli康 reached the daily limit up, indicating strong investor interest [1]. - Guangshengtang saw a rise of over 10%, with a notable increase of 14.41% in its stock price [2]. - Other companies such as Saili Medical, Shutaishen, Rongchang Bio, and Lianhuan Pharmaceutical also experienced substantial gains, contributing to the overall positive trend in the innovative drug sector [1]. Group 2: Notable Stock Increases - Guangshengtang (300436) reported a stock increase of 116.94%, with a rise of 14.41% [2]. - Pinlikang (002940) increased by 41.20%, with a rise of 10.01% [2]. - Saili Medical (603716) saw a 27.12% increase, with an 8.35% rise [2]. - Shutaishen (300204) experienced a 34.77% increase, with a 7.88% rise [2]. - Jimin Health (603222) rose by 10.64%, with a 6.72% increase [2]. - Lianhuan Pharmaceutical (600513) increased by 20.21%, with a 6.37% rise [2]. - Rongchang Bio (688331) saw a 97.06% increase, with a 6.31% rise [2]. - Zhendong Pharmaceutical (300158) increased by 6.95%, with a 5.95% rise [2]. - Kangchen Pharmaceutical (035500) rose by 48.68%, with a 4.91% increase [2]. - Maiwei Niwu-U (688062) saw a 46.58% increase, with a 4.86% rise [2].

Core Viewpoint - The company is actively engaged in regenerative medicine, focusing on various diseases through its research center and technology platforms [1] Group 1: Regenerative Medicine Focus - The company has established a Regenerative Medicine Research Center at its Boao International Hospital, which includes four core technology platforms: cell storage, international standard cell preparation, clinical research on cell therapy, and the translation of stem cell and regenerative medicine technologies [1] - The company is currently developing cell therapy drugs and their indications, with detailed information available in the "Discussion and Analysis of Operating Conditions" section of the company's 2025 semi-annual report [1]