Core Insights - Yonghe Medical reported a revenue of RMB 861.6 million for the first half of 2025, with a gross profit of RMB 550.3 million, reflecting a 3.9% year-on-year growth. The gross margin increased from 58.8% to 63.9%, a rise of 5.1 percentage points [1] - The company achieved a net profit of RMB 27.9 million, recovering from a loss of RMB 138.6 million in the same period last year, resulting in a basic earnings per share of RMB 0.06 [1] - The improvement in financial performance is attributed to the company's refined management practices, including the upgrade of its self-developed chain medical management system "Hefan," which enhanced operational efficiency, quality control, and cost reduction [1] Business Segmentation - In terms of business segments, the hair transplant segment generated RMB 662 million, accounting for 76.8% of total revenue. The number of consumers receiving hair transplant services increased by 14.5% to 33,504, with a notable rise in female clients [2] - The medical nurturing segment, identified as the "second growth curve," reported a revenue of RMB 187 million, representing 21.8% of total revenue, with a consumer base of 44,912 and a repurchase rate of 29.9% [2] - Future strategies include enhancing operational precision in clinics, strengthening the central functions of the internet hospital, and focusing on technology-driven initiatives, particularly AI empowerment [2]