JINHUI(SH:603919)2024-10-28 07:35Group 1: Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 5.74 billion yuan, a year-on-year increase of 15.77% [1] - Net profit attributable to shareholders reached 3,807.33 million yuan, growing by 108.84% compared to the same period last year [1] - The net cash flow from operating activities increased by 42.37% year-on-year [1] Group 2: Product Structure - The company optimized its product structure, with products priced over 100 yuan accounting for 85.94% of main business revenue, an increase of 6.94 percentage points year-on-year [2] - Revenue from products priced over 300 yuan reached 472 million yuan, a year-on-year growth of 43.80% [2] - Revenue from products priced between 100-300 yuan was 1.199 billion yuan, up 14.96% year-on-year, while products under 100 yuan saw a decline of 2.54% to 598 million yuan [2] Group 3: Market Distribution - The company reported operating revenue of 1.723 billion yuan in the provincial market, a year-on-year increase of 13.89% [3] - Revenue from the provincial market outside Gansu reached 547 million yuan, growing by 15.68% [3] - The internet company segment achieved revenue of 58.246 million yuan, a significant increase of 211.20% [3] Group 4: Distributor Changes - As of the end of the reporting period, the company had 1,028 distributors, with 276 in the provincial market and 752 in the provincial market outside Gansu [4] - The company added 160 new distributors in the first three quarters [4] Group 5: Marketing Strategy for 2024 - The year 2024 is identified as a critical year for the company's transformation and breakthrough, focusing on user engineering and market control [5] - The company aims to strengthen its market presence in the Northwest and develop a second growth curve in East China and Northern markets [5] - The internet segment will focus on refined operations to enhance brand empowerment and consumer cultivation [5]