Beauty Farm Medical & Health Industry Inc
HKEX:2373
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Beauty Farm Medical & Health Industry Inc
HKEX:2373
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Beauty Farm Medical & Health Industry Inc
Beauty Farm Medical & Health Industry, Inc. is a holding company that engages in the provision of beauty and health management services. The company is headquartered in Shanghai, Shanghai and currently employs 3,618 full-time employees. The company went IPO on 2023-01-16. The firm's diversified services cover traditional beauty services, medical beauty services and sub-health assessment and intervention services. The medical beauty services include non-surgical medical beauty services, such as energy instrument services and injection services, and surgical medical beauty services. The firm operates its flagship brand Beauty Farm and three other brands, namely Bailishi, Yenyuan and Xiokeer.
Beauty Farm Medical & Health Industry, Inc. is a holding company that engages in the provision of beauty and health management services. The company is headquartered in Shanghai, Shanghai and currently employs 3,618 full-time employees. The company went IPO on 2023-01-16. The firm's diversified services cover traditional beauty services, medical beauty services and sub-health assessment and intervention services. The medical beauty services include non-surgical medical beauty services, such as energy instrument services and injection services, and surgical medical beauty services. The firm operates its flagship brand Beauty Farm and three other brands, namely Bailishi, Yenyuan and Xiokeer.
Record Results: Beauty Farm reported record-high interim revenue of RMB 1.46 billion, up 28% year-on-year, and net profit of RMB 171 million, up 35.5%.
Margin Expansion: Gross margin rose by 2.3 percentage points to 49.3% and adjusted net margin reached a record 13.1%.
Cash Flow Strength: Operating cash flow surged 84% year-on-year to RMB 410 million, with cash reserves reaching RMB 2 billion.
Business Segment Growth: All three core businesses saw strong growth, especially subhealth medical services, which grew revenue by 108% and now exceeds 10% of total revenue.
Membership & Loyalty: Active direct store members rose 47% to 120,000, with high repurchase rates and top-up money up 36%.
Tier 1 City Focus: Revenue in Beijing, Shanghai, Guangzhou, and Shenzhen grew 52%, contributing 65% of total revenue.
Acquisition Success: The Naturade acquisition delivered RMB 277 million in revenue and improved its net profit margin from 6.5% to 10.4%, prompting Beauty Farm to increase its stake to 90%.
Shareholder Returns: A commitment to distributing at least 50% of net profit as dividends was reiterated, with over RMB 297 million paid out since listing.
