Core Insights - In the first half of 2025, the company reported a revenue of 11.722 billion yuan, a slight decrease of 0.35% year-on-year, while the net profit attributable to shareholders increased by 10.32% to 880 million yuan [1][2] Group 1: Financial Performance - The revenue decline is attributed to strategic adjustments, including the closure of some stores and a slowdown in new store openings [1] - The net profit growth indicates improved profitability through cost reduction and operational efficiency [1] Group 2: Business Operations - The company operates 10,700 direct stores, with 9,717 being small community stores, and 10,200 stores have obtained various "medical insurance designated retail pharmacy" qualifications, representing 95.37% of the total [2] - The total number of registered members reached 110 million, with member sales accounting for 84.93% of total sales [2] - The company's internet business generated a sales revenue of 1.355 billion yuan during the reporting period, with O2O sales contributing 944 million yuan and B2C sales contributing 411 million yuan [2]