RYC(003010) 新华财经·2025-04-24 15:05Core Insights - The company, Ruoyuchen, reported significant revenue and profit growth for 2024 and Q1 2025, with 2024 revenue reaching 1.766 billion yuan, a 29.26% increase year-on-year, and net profit of 106 million yuan, up 94.58% [2] - In Q1 2025, the company achieved revenue of 574 million yuan, a 54.16% increase, and net profit of 27.42 million yuan, a 113.88% increase [2] Revenue Breakdown - The brand management business generated 501 million yuan in revenue for 2024, a remarkable 212.24% increase, accounting for 28.38% of total revenue [2] - The proprietary brand business also showed strong performance with 500 million yuan in revenue, a 90.28% increase, making up 28.37% of total revenue [2] - The agency operation business reported revenue of 764 million yuan, with a significant increase in operating cash flow to 334 million yuan, up 463.55% [2] Strategic Developments - The proprietary brand "Zhanjia" has been a key driver of growth, achieving a doubling of sales since its launch, with over 150% year-on-year growth in Q1 2025 [2][3] - The company has expanded its brand management partnerships, signing strategic agreements with international brands such as Amorepacific's "Meishanxuan" and DHC, enhancing its presence in the health and personal care sectors [3] - The agency operation business has seen significant improvements, with nearly 50 agency stores experiencing notable sales growth during the Double Eleven shopping festival, and several stores achieving double-digit increases in average transaction value [3] Future Outlook - For 2025, the company plans to continue building a multi-brand matrix focusing on personal care, household cleaning, and health sectors, positioning proprietary brands as a core competitive advantage [3] - The company aims to deepen its ecosystem across the supply chain and enhance vertical integration capabilities, while also developing standardized capabilities from demand insight to user conversion [3]