Core Viewpoint - The company, Aimeike, reported a significant decline in both revenue and profit for the first half of 2025, marking the first time since its IPO in 2020 that it experienced such a downturn [3][4]. Financial Performance - Aimeike's revenue for the first half of 2025 was approximately 1.30 billion yuan, a decrease of 21.6% compared to the same period last year [4]. - The net profit attributable to shareholders was about 789 million yuan, down 29.6% year-on-year [4]. - The net profit after deducting non-recurring gains and losses was around 722 million yuan, reflecting a decline of 33.7% [4]. - The net cash flow from operating activities was approximately 655 million yuan, a drop of 43.1% compared to the previous year [4]. Legal and Contractual Issues - Aimeike faced a 1.6 billion yuan compensation claim due to the unilateral termination of the exclusive distribution agreement for the "Tongyan Needle" product by its subsidiary REGEN [5][6]. - The termination was based on allegations of financial fraud by the previous distributor, ST Suwu, which led to legal arbitration [5][6]. Governance and Risk Management - The company claimed to have a comprehensive risk management system, yet the recent events highlighted deficiencies in its contract management and risk assessment processes [6][8]. - Aimeike's sustainable development report emphasized the importance of governance and risk management, but the unilateral termination of the contract raised questions about its adherence to these principles [7][11]. - The company had previously stated its commitment to a responsible supply chain and stakeholder engagement, but the recent actions contradicted these claims, indicating a need for improvement in these areas [11][12]. Supply Chain and Stakeholder Relations - Aimeike's actions have been criticized for not adequately addressing the interests of its partners, which has led to reputational damage and potential market disruption [11][12]. - The company emphasized the importance of compliance and ethical practices in its operations, but the recent unilateral decision to terminate the agreement raised concerns about its commitment to these values [12].
ESG解读|被索赔16亿,爱美客风控及供应链管理或与承诺相背离