TRT(600085)2024-09-30 10:07Group 1: Company Strategy and Structure - Tong Ren Tang focuses on specialized divisions to enhance operational efficiency and market competitiveness, with a clear division of business segments [2] - The company integrates resources across subsidiaries to promote coordinated development and scale effects for sustainable growth [2] Group 2: Product Development and Market Expansion - The "Yu Yao Legend" product series has been gradually launched since last year, with initial trials in nearly 100 stores to assess market demand [3] - The top five product series reported a stable revenue growth of 4.18% year-on-year, driven by a strategy focusing on major product categories and market demand [3] Group 3: Retail and Distribution Strategy - In the first half of the year, the commercial company opened 116 new stores, emphasizing a balanced approach to store expansion and resource optimization [3] - The company plans to enhance its retail network by establishing a comprehensive distribution system and coordinating various retail and medical endpoints [3] Group 4: Financial Performance and Dividends - Since its listing in 1997, the company has implemented cash dividends 29 times, totaling 7.261 billion CNY, with a commitment to reasonable returns for investors [5] - Future dividend plans will be aligned with operational needs and financial strategies to maximize shareholder value [5] Group 5: Challenges and Future Measures - The company faced performance pressure in the first half of the year due to the overall consumption environment in Hong Kong and Macau [4] - To improve performance in the second half, the company will focus on precise store locations, new marketing models, and expanding product lines [4]