2025-08-14 12:00Financial Data and Key Metrics Changes - JD Health achieved revenue of RMB 35.3 billion, up 24.5% year over year [19] - Direct sales revenue increased to RMB 29.3 billion, constituting 83.1% of total revenue, a year-over-year increase of 22.7% [20] - Service revenue reached RMB 6 billion, representing a growth of 34.4% year over year, accounting for 16.9% of total revenue [22] - Gross profit margin increased to 25.5%, up 1.6 basis points year over year [27] - Non-IFRS net profit increased by 35% year over year to RMB 6.36 billion, with a margin of 10.1%, rising 80 basis points year over year [31] Business Line Data and Key Metrics Changes - Over 30 new pharmaceutical products were launched in the first half of the year, including treatments for various health issues [10][21] - Instant delivery service now connects over 200,000 pharmacies nationwide [24] - The number of merchants on the marketplace exceeded 115,000, an increase of over 15,000 since December 31, 2024 [23] Market Data and Key Metrics Changes - Annual active users reached 200 million, with a net addition of approximately 20 million compared to June 30, 2024 [20] - The total sales of China's health care service market is projected to reach RMB 15 trillion by 2030 [7] Company Strategy and Development Direction - The company aims to strengthen its integrated online and offline medical service ecosystem and promote technological innovation [16] - Focus on enhancing supply chain management and improving accessibility of health care products and services [16][17] - Commitment to AI application in health care to improve service efficiency and user experience [15][40] Management Comments on Operating Environment and Future Outlook - Management highlighted the positive trends in health consumption and the expansion of the market size due to supportive policies [36] - The company plans to continue leveraging AI technologies to refine health care services and improve user experience [40][44] Other Important Information - The company has established five core specialty areas in health care services, including dermatology and mental health [26] - JD Health's online hospital has launched over 500 intelligent agents, making it one of the largest online medical platforms in the industry [15] Q&A Session Summary Question: What are the middle and long-term strategies? - Management emphasized the expansion of the health care market and the importance of personalized health services [36][37] Question: Can you share more about the AI strategy? - The company is focused on deploying AI across its services to improve efficiency and user experience [41][42][44] Question: What is the status of new business formation, especially in the second half of the year? - The company is accelerating the rollout of next-generation pharmacies and enhancing user experience through omnichannel supply chain integration [45][46][48] Question: What are the developments in medical insurance payment? - The company aims to enhance online matching purchase with medical insurance services and explore new health care service scenarios [50][52]