Core Insights - Ruoyuchen (SZ 003010, closing price: 54.03 yuan) announced on August 19 that its fourth board meeting was held on August 18, 2025, in Guangzhou, where the 2025 semi-annual report and its summary were reviewed [2] Revenue Composition - For the year 2024, Ruoyuchen's revenue composition is as follows: - Agency operation business accounted for 43.25% - Brand management business accounted for 28.38% - Lycocelle accounted for 27.42% - Finenutri accounted for 0.69% - Other proprietary brands accounted for 0.26% [2]

Revenue Composition - In 2024, the revenue composition of Ruoyuchen is as follows: 43.25% from agency operations, 28.38% from brand management, 27.42% from Lycocelle, 0.69% from Finenutri, and 0.26% from other proprietary brands [1] Share Buyback Announcement - Ruoyuchen announced a share buyback plan on August 19, with a total amount not less than 100 million RMB and not exceeding 200 million RMB, funded by the company's own funds and special loan funds [2] - The buyback will be conducted through the Shenzhen Stock Exchange's centralized bidding system, with a maximum price of 76.8 RMB per share, which is 150% of the average trading price over the last 30 trading days prior to the board's resolution [2] - The implementation period for the buyback is set for 12 months from the date of board approval [2]

Core Viewpoint - RuYuchen announced the convening of its fourth board meeting on August 12, 2025, to discuss the use of idle self-owned funds for cash management [2] Financial Performance - For the year 2024, RuYuchen's revenue composition is as follows: - Agency operation business accounts for 43.25% - Brand management business accounts for 28.38% - Lycocelle accounts for 27.42% - Finenutri accounts for 0.69% - Other proprietary brands account for 0.26% [2]