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一心堂投资2400万元加码医养市场,净利润已连降两年

Core Viewpoint - YXTT (一心堂) is investing 24 million yuan to purchase five properties in Kunming, Yunnan, to expand its medical and elderly care business, which has become a significant part of its operations despite recent declines in net profit [1][2]. Group 1: Company Strategy - The board of YXTT has approved the acquisition of properties to support its medical and elderly care services, which aligns with the company's long-term development strategy [2]. - YXTT has been developing its medical and elderly care business for five years, establishing a subsidiary in 2020 to enhance its service offerings [2]. - The company has created a three-tiered model for integrated medical and elderly care, leveraging its pharmacy network to provide home care services [2]. Group 2: Market Overview - The medical and elderly care market in China reached a scale of 1.52 trillion yuan in 2023, with a compound annual growth rate of 20.65% [3][4]. - As of the end of 2023, nearly 300 million people aged 60 and above in China represent 21.1% of the total population, indicating a significant demand for medical services [3]. - Various stakeholders, including public medical institutions and private entities, are entering the medical and elderly care market, supported by government policies [4]. Group 3: Financial Performance - YXTT's net profit has declined significantly, with figures of 549 million yuan in 2023 and 114 million yuan in 2024, representing year-on-year decreases of 45.60% and 79.23%, respectively [5]. - The contribution of the medical and elderly care business to YXTT's overall revenue remains small, accounting for only 2.99% of total revenue in 2024 [5].