美丽田园医疗健康2024 年报

      Stock Code02373  CONTENTS目錄 2Corporate Information4Chairman’s Statement11Financial Highlights12Management Discussion and Analysis33Directors and Senior Management39Corporate Governance Report69Report of Directors110Independent Auditor’s Report122Consolidated Statement of Profit or Loss123Consolidated Statement of ComprehensiveIncome124Consolidated Balance Sheet 126Consolidated Statement of Changes in Equity128Consolidated Statement of Cash Flows130Notes to the Consolidated Financial Statements262Definitions CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive Directors Mr. LI Yang(Chairman of the Board)Mr. LIAN Songyong(Chief Executive Officer, Vice Chairman of the Board) Non-executive Directors 20248272024827 Mr. ZHAI Feng (resigned on August 27, 2024)Mr. HU Tenghe (appointed on August 27, 2024)Mr. GENG JiaqiMs. LI Fangyu Independent Non-executive Directors Mr. FAN MingchaoMr. LIU TengMr. JIANG Hua AUDIT COMMITTEE Mr. LIU Teng(Chairperson)Ms. LI FangyuMr. FAN Mingchao REMUNERATION COMMITTEE Mr. FAN Mingchao(Chairperson)Mr. ZHAI Feng (resigned on August 27, 2024)Mr. HU Tenghe (appointed on August 27, 2024)Mr. JIANG Hua 20248272024827 NOMINATION COMMITTEE 20253262025326 Mr. FAN Mingchao(Chairperson)Mr. LIAN Songyong (ceased to be a member on March 26, 2025)Ms. LI Fangyu (appointed on March 26, 2025)Mr. JIANG Hua JOINT COMPANY SECRETARIES Ms. ZHOU MinMs. KWOK Siu Ying Sarah(ACG, HKACG) (ACG, HKACG) AUTHORIZED REPRESENTATIVES Mr. LI YangMs. KWOK Siu Ying Sarah 2373 STOCK CODE2373 https://ir.beautyfarm.com.cn/cn/ INVESTOR RELATIONS’S WEBSITEhttps://ir.beautyfarm.com.cn/cn/ www.beautyfarm.com.cn COMPANY’S WEBSITEwww.beautyfarm.com.cn 2023116 LISTING DATEJanuary 16, 2023 REGISTERED OFFICE Floor 4, Willow HouseCricket SquareGrand CaymanKY1-9010Cayman Islands Floor 4, Willow HouseCricket SquareGrand CaymanKY1-9010Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 1089121206 Unit 1206, 12th FloorNo.1089 Dongdaming RoadHongkou DistrictShanghaiPRC PRINCIPAL PLACE OF BUSINESSIN HONG KONG 33191901 Room 1901, 19/F, Lee Garden One33 Hysan AvenueCauseway BayHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN CAYMAN ISLANDS Campbells Corporate Services LimitedFloor 4, Willow House, Cricket SquareGrand Cayman KY1-9010Cayman Islands Campbells Corporate Services LimitedFloor 4, Willow House, Cricket SquareGrand Cayman KY1-9010Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 131 HONG KONG LEGAL ADVISERS O’Melveny & Myers31/F, AIA Central1 Connaught Road CentralHong Kong AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong COMPLIANCE ADVISER 113001–30063015–3016 Haitong International Capital LimitedSuites 3001–3006 and 3015–3016One International Finance CentreNo.1 Harbour View StreetCentral, Hong Kong CHAIRMAN’S STATEMENT主席報告書 Chairman and executive DirectorMr. LI Yang Dear Shareholders and Partners, (2373.HK)— 2024202460% In 2024, the second full year since the listing of Beauty Farm Medicaland Health Industry Inc. (2373.HK), we sustained our robust growthtrajectory,continued to lead industry consolidation,and furtherexpandedour market share.We navigated the evolving capitalmarkets with agility throughout the year, steadily gaining recognitionfrom the investment community following our initial year of marketadaptationpost-listing.Supported by stellar operational results,weproactivelyreturned value to our shareholders while consistentlyoptimizingcapital structure.The Company’s market capitalizationsurgedthroughout 2024 despite industry headwinds,rising by animpressive 60%, underscoring our healthy fundamentals and immensepotential. As we embark on this new chapter, we stand prepared to take thenext leap, embracing fresh challenges and opportunities ahead. FOCUSING ON MEMBER VALUE, DELIVERINGEXCELLENCE IN “CRAFTSMANSHIP SERVICE”PROGRAM 1 The “customer-centric” philosophy is at the heart of Beauty Farm’smission. As the “Top Brand in Premium Beauty Services in China,”Note 1weare committed to defining“premium beauty services,” earningmarket recognition through our signature “Beauty Farm Quality.” 2024LPGLPG BF+12 Tothat end,we upgraded the“Craftsmanship Service”program,strivingto precisely capture our customers’needs and meet theirexpectations.Our goal is to deliver a thoughtful and attentiveexperience at every service touchpoint. With women across China’stop-tiercities facing the dual challenges of societal and familyexpectations, we remain dedicated to serving as their partner in theirpursuit of beauty and health. We consistently track market dynamicsfor deeper insights into modern women’s evolving needs, taking theleadin industry inn