DSL(SH:603233) Xin Lang Cai Jing·2025-04-30 08:27Core Insights - Dazhonglin Pharmaceutical Group Co., Ltd. has demonstrated strong performance in the competitive pharmaceutical retail market, achieving significant revenue growth and expanding its store network in 2024 and Q1 2025 [1][3] Group 1: 2024 Performance Overview - In 2024, the company achieved a total revenue of 26.497 billion yuan, representing an 8.01% year-on-year increase, driven by store expansion, operational optimization, and market penetration [1] - The total number of stores reached 16,553 by the end of 2024, with a net increase of 2,479 stores during the year, enhancing brand visibility and revenue generation [1] Group 2: Regional Revenue Analysis - Revenue growth was observed across all regions, with the Northeast, North China, Southwest, and Northwest regions showing particularly strong growth at 34.42%, becoming new engines for revenue [2] - The South China region, with 10,043 stores (6,392 direct stores), generated revenue of 16.725 billion yuan, a 1.91% increase, remaining a key revenue pillar [2] Group 3: Q1 2025 Financial Performance - In Q1 2025, the company reported revenue of 6.956 billion yuan, a 3.02% year-on-year increase, maintaining stable growth [3] - Net profit attributable to shareholders reached 460 million yuan, a significant increase of 15.45%, indicating effective cost control and operational efficiency [3] - The net cash flow from operating activities was 1.768 billion yuan, up 44.14%, providing solid financial support for future business expansion [3] Group 4: Commitment to Health Industry and Social Responsibility - The company is actively expanding into the health industry, aiming to create a comprehensive health service system covering prevention, treatment, rehabilitation, and wellness [4] - Dazhonglin has established a robust drug quality management system and a logistics network with 35 warehouses, ensuring drug safety and efficient distribution [4] - The company emphasizes environmental protection and resource conservation, implementing energy-saving measures and promoting the use of new energy vehicles in logistics [5] Group 5: Community Engagement and Future Outlook - Dazhonglin is involved in rural revitalization efforts, providing medical support and health services to bridge the urban-rural health gap [6] - The company collaborates with governments and communities to build healthy communities and actively participates in charitable activities [6] - Looking ahead, Dazhonglin aims to leverage its core competitive advantages in scale, supply chain, and digitalization to enhance its market position in the health industry [6]