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民生健康(301507) - 投资者关系活动记录表2025-002

Financial Performance - The financial officer provided a detailed overview of the company's financial status for the full year 2024 and the first quarter of 2025, covering overall financial data, revenue composition, R&D investment, and operational capability indicators [1] - The company's gross profit margin fluctuated significantly on a quarterly basis, primarily influenced by the "opening red" effect in Q1, with expectations for stabilization as new products are launched [4] Market Overview and Strategic Planning - The general manager discussed the main market conditions over the past year and the business plans for the upcoming year, emphasizing the stability of the vitamin and mineral segment and the establishment of new product lines [1][2] - The company aims for diversified revenue sources through a richer product matrix and continuous optimization of the sales channel system [3] Product Development and Sales Channels - The company has established independent business units for new product development and operations, including the Medical Aesthetics Division and International Business Division, with two recently approved products expected to launch in Q3 [2] - The online sales share has seen significant growth, with future targets set for a reasonable proportion of online sales within the overall strategy [3] Cost and Taxation Considerations - The impact of tariffs on the company's operations is minimal, as the majority of business is focused on the domestic market, with only a small portion of imported reagents [5] - The sales performance of offline pharmacies has stabilized after initial policy and market environment impacts, with expectations for limited overall influence on the company [5] International Expansion Plans - The company plans to promote existing high-quality product categories to international markets, aiming to meet similar nutritional needs of overseas consumers [5] - There is also an intention to introduce mature foreign formulations to enhance product offerings through the company's brand and channel advantages [5] Meeting Summary - The board secretary concluded the online performance exchange meeting, expressing gratitude to the organizers and participating investment institutions [6]