YYTM(600655) 新京报·2025-03-26 07:08Core Insights - Yuyuan Group reported a significant decline in both revenue and net profit for the year, with total revenue of 46.924 billion yuan, down 19.3% year-on-year, and a net profit attributable to shareholders of 125 million yuan, down 93.81% year-on-year [1] Financial Performance - The company’s net profit excluding non-operating gains and losses was -2.109 billion yuan, a decrease of 367.43% year-on-year [1] - The industrial operation segment generated revenue of 34.034 billion yuan, a decrease of 18.37% year-on-year, with a gross margin of 12.16%, up 0.63 percentage points from the previous year [1] - The commercial operation and property service segment saw revenue decrease by 1.47% to 2.852 billion yuan, with a gross margin increase of 2.52 percentage points to 42.46% [1] - The property development and sales segment reported revenue of 10.038 billion yuan, down 25.96% year-on-year, with a gross margin decrease of 7.4 percentage points to 3.89% [1] Cosmetics Business Performance - The cosmetics segment reported revenue of approximately 298 million yuan, a decline of 34.03% year-on-year, with costs decreasing by 13.61% to 129 million yuan, resulting in a gross margin decrease of 10.16 percentage points to 56.59% [2] - The decline in cosmetics revenue was attributed to the impact of regional conflicts on overseas business [2] - The company’s beauty health group focuses on three main areas: cosmetics, traditional Chinese medicine health, and pet care, with brands including AHAVA and WEI [2] - In Q1 2024, cosmetics revenue was 71.4831 million yuan, down 29.77% year-on-year, with a gross margin decrease of 8.36 percentage points to 57.8% [3] - By the first three quarters of 2024, cosmetics revenue had declined by 40.19% to 203 million yuan, and the number of sales outlets decreased from 29 to 23 [3]