Jointown(SH:600998) Xi Niu Cai Jing·2025-04-28 13:42Core Insights - The company reported a revenue of 151.81 billion yuan for 2024, a year-on-year increase of 1.11%, and a net profit of 2.507 billion yuan, up 15.33% from the previous year [2] - In Q1 2025, the company achieved a revenue of 42.016 billion yuan, representing a 3.82% increase year-on-year, and a net profit of approximately 970 million yuan, which is an 80.38% increase compared to the same period last year [2] - The company is implementing a "New Medical Strategy" to address challenges faced by clinics, such as high supply costs and low levels of information technology [2][3] Company Developments - The company is providing one-stop solutions for clinics, including supply of products, IT systems, and operational value-added services [2] - The "Clinic Manager System" has been developed to enhance operational efficiency, featuring functions like patient record creation, intelligent reception, inventory alerts, and more, achieving over 90% satisfaction among member stores [3] - A partnership with Tencent Cloud has led to the development of an AI-assisted diagnostic platform, covering nearly 3,000 diseases and over 110,000 drug knowledge, aimed at improving prescription safety and patient experience [3] Market Positioning - The company has expanded its "Nine Medical Clinics" membership stores to 1,377 by the end of March 2025, with a target of reaching approximately 2,000 by the end of the year [3] - The Internet Medical Division is focused on the comprehensive development of digital pharmacy services, prescription transfer platforms, and medical information construction, with projected sales revenue of about 200 million yuan in 2024 [4] - The company is leveraging digital technologies to provide a range of services, including electronic prescription transfer, online medication purchase, and health management, to meet patient needs [4]