若羽臣2024年净利润同比增长翻倍 今年一季度延续高增长态势

Core Insights - The company reported significant growth in both revenue and profit for the fiscal year 2024, with total revenue reaching 1.766 billion yuan, a year-on-year increase of 29.26%, and net profit attributable to shareholders at 106 million yuan, up 94.58% [1] - In Q1 2025, the company continued its growth trajectory, achieving revenue of 574 million yuan, a 54.16% increase year-on-year, and a net profit of 27.42 million yuan, up 113.88% [1] Business Performance - The company's self-owned brand business generated revenue of 501 million yuan in 2024, marking a 90.28% increase and accounting for 28.37% of total revenue [1] - The brand "Zhanjia" has shown exceptional growth, with its total sales doubling year-on-year across multiple channels, including Tmall, Douyin, and Xiaohongshu, with GMV growth exceeding 100% [1] - The newly launched health brand "FineNutri" has rapidly gained traction, ranking second in Tmall's oral beauty nutrition category and first in the health supplement store heat ranking as of March 2025 [2] Strategic Partnerships and Initiatives - The company signed strategic cooperation agreements with several international brands, including Amorepacific's "Meishangxuan" and DHC, to enhance its presence in the health and personal care sectors [3] - The company has also partnered with Norwegian company ZoocaCalanus for exclusive distribution of a key ingredient in Greater China and established a strategic investment collaboration with AI ingredient development firm MetaNovas [2] Operational Efficiency - The company's agency operation business generated revenue of 764 million yuan in 2024, with an overall gross margin improvement of nearly 5 percentage points compared to the previous year [3] - During the Double Eleven shopping festival, nearly 50 agency-operated stores saw significant GMV growth, with multiple partner stores ranking in the top 5 of their categories [3] Market Performance - The company's stock has been well-received in the market, closing at 51.4 yuan per share on April 24, 2024, reflecting a 5.7% increase, and a year-to-date gain of over 84%, bringing its total market capitalization to 8.4 billion yuan [3]