YYTM(600655) 全景网·2025-03-26 09:42Core Viewpoint - Yuyuan Group (豫园股份) is set to hold its 2024 annual performance briefing on March 27, where key executives will discuss the company's performance and address investor concerns [1][2]. Financial Performance - In 2024, Yuyuan Group achieved a total revenue of 46.924 billion yuan, a year-on-year decrease of 19.30% [2]. - The net profit attributable to shareholders was 125 million yuan, reflecting a significant decline of 93.81% compared to the previous year [2]. Business Strategies and Innovations - The Jewelry Fashion Group is responding to market challenges with "new models, new products, and new retail," operating a total of 4,634 stores, including over 800 smart selection stores [2]. - The Laomiao brand launched the "One String of Good Luck" 2.0 product to increase the sales proportion of high-margin products [2]. - The company expanded its business on Douyin, with over 100 Laomiao stores opened by year-end [2]. - Membership numbers reached a record high, with a repurchase rate exceeding 10%, and supply chain efficiency improved with the operation of the Shenzhen logistics center [2]. Cultural and Food Group Developments - The Cultural and Food Group is focusing on the Songhe Tower and Nanxiang brands, accelerating light asset expansion and initiating global layout strategies [3]. - The group is enhancing product competitiveness through retail channels and new production bases [3]. Real Estate and Asset Management - The real estate segment established the Yuyuan Commercial Property Group to improve operational quality and decision-making efficiency [3]. - The company exited non-core assets, introduced strategic resources, and advanced deep operations to enhance commercial asset returns [3]. - In 2024, Yuyuan Group signed sales contracts worth 9.768 billion yuan, with cash returns exceeding 10 billion yuan, while expanding light asset management [3]. Future Outlook - Yuyuan Group aims to deepen its "Oriental Lifestyle Aesthetics" strategy, enhancing brand influence and market competitiveness through industrial synergy, cultural empowerment, technological innovation, and globalization [3].