SNW(SH:600628) Jin Rong Jie·2025-04-12 04:36Core Insights - New World Company reported a total revenue of 1.12 billion yuan in 2024, a slight decrease of 1.21% year-on-year, while net profit reached 70.03 million yuan, a significant increase of 121.22% [1] - The company faces challenges in market expansion and business growth despite the substantial increase in net profit [1] Retail Sector - New World Company implemented several measures in the retail sector, focusing on five categories: women, trendy toys, leisure, dining, and entertainment [4] - The company introduced 76 new suppliers and upgraded 24 store images, adjusting nearly 11,000 square meters of operational space [4] - Marketing strategies included traditional and innovative approaches, successfully boosting sales through events like International Women's Day and major sports events [4] - Despite some achievements, the slight revenue decline indicates the need for further efforts in market expansion and competitiveness [4] Pharmaceutical Sector - In the pharmaceutical sector, New World Company is enhancing its traditional brand, Cai Tong De Tang, by developing new products and collaborating on co-branded items [5] - The Xu Zhong Dao traditional Chinese medicine project is progressing as planned, with significant construction milestones achieved [6] - The company needs to focus on brand innovation and market expansion to improve competitiveness in a challenging market [6] Hospitality Sector - In the hospitality sector, New World Company achieved a 24.15% increase in total room revenue, with 68% of customers being international due to the "visa-free policy" [6][7] - The company improved cost control and operational efficiency, enhancing profit margins [6] - Despite these successes, the hospitality market remains competitive, necessitating a focus on market expansion and service quality [7] Overall Summary - New World Company optimized its cost structure and improved operational efficiency in 2024, leading to a significant increase in net profit [7] - However, the slight revenue decline highlights ongoing challenges in market expansion and business growth, indicating a need for a more precise understanding of market demands [7]