Beauty Farm Announces 2024 Annual Results

About this update from Beauty Farm Medical & Health Industry, Inc.

[{"type":"text","content":"Revenue and Net Profit Reached Record HighMergers and Acquisitions Integration Drove High-Quality Growth","length":105,"tagName":"p","attribs":{}},{"type":"text","content":"HONG KONG, March 26, 2025 /PRNewswire/ -- Beauty Farm Medical and Health Industry Inc. ("Beauty Farm" or the "Company") (02373.HK), one of the largest beauty and wellness services providers in China, together with its subsidiaries, the "Group," is pleased to announce the Group's audited annual results for the year ended December 31, 2024 (the "Reporting Period").","length":414,"tagName":"p"},{"type":"text","content":"Performance Highlights:","length":23,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue surged to RMB2,572 million, representing a YOY increase of 19.9%.","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Net profit rose to RMB252 million, reflecting YOY growth of 9.7%.","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash generated from operating activities reached RMB797 million, expanding 27.4% YOY.","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and cash equivalents amounted to RMB1,831million, a net increase of RMB257 million YOY.","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"Completed full integration of Naturade and upgraded "dual beauty + dual wellness" model.","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced commitment to distributing no less than 50% of the annual net profit attributable to the parent company's shareholders as dividends over the next three complete fiscal years.","length":188,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":605,"olType":false},{"type":"text","content":"The Group delivered stellar results in 2024, once again achieving record highs in both revenue and profit. For the full year, revenue rose to RMB2,572 million, an increase of 19.9% year-over-year. Economies of scale further propelled gross profit margin to 46.3%, an increase of 0.7 percentage points year-over-year. Net profit increased by 9.7% year-over-year to RMB252 million.","length":379,"tagName":"p"},{"type":"text","content":"In the first half of the year, Beauty Farm acquired a 70% stake in the core assets of Guangzhou Naturade Health Mana...

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