mailyard(SH:600107) Shang Hai Zheng Quan Bao·2025-04-30 14:10Company Overview - The company reported a total revenue of 32,950.20 million yuan, a decrease of 27.42% year-on-year, and a net profit attributable to the parent company of -6,810.36 million yuan, down 14.54% year-on-year [4] Industry Analysis Apparel Industry - In 2024, the apparel industry in China saw an industrial added value growth of 0.8% year-on-year, with the production of down clothing increasing by 17.80%, while the production of suits and shirts decreased by 2.92% and 5.83% respectively [2] - The retail sales of apparel products reached 1,071.62 billion yuan, with a growth of only 0.1%, a significant slowdown of 15.3 percentage points compared to the same period in 2023 [2] - The total export of clothing and accessories reached 159.14 billion USD, a year-on-year increase of 0.3%, with exports to the US, EU, and UK growing, while exports to Japan decreased by 7.8% [3] Pharmacy Chain Industry - The retail market for pharmaceuticals reached 501.9 billion yuan, with a slight increase of 0.8%, while the physical pharmacy channel contributed 437.4 billion yuan with a growth of 0.3%, and the e-commerce channel grew by 4.6% to 64.5 billion yuan, increasing its market share to 12.9% [4] - The number of pharmacies closed exceeded 25,000 in the first three quarters of 2024, indicating a challenging environment for the pharmacy chain industry [4] - The average sales per store in the pharmacy sector decreased by 10.6%, with the average transaction value dropping by 8.9%, reflecting a cautious consumer spending trend [6]