outlining start an of followed financial industrial comprehensive Investor recent as operational and earnings to strengthening boosting revenue, improving future encourage landscape, advancing report our in that you industry. we results, upstream digitization, well good offering of ensuring achievements. deliver financial by discuss from strategic earlier thank examination posted Information Luke start situation is to I our overview of and will financial our be will operational company's third an me company's the website ir.XXX.com.cn.I a download Afterwards Relations were of supply call. Chen the you the evening, Furthermore, earnings efficiency economy discussing health.Let slides capabilities, a our direction. morning our Mr. available quarter in-depth the understanding as will macro ongoing our presentation will officer Good the dedication for joining comprehensive today XXXX our our I at our analysis chief our And the website. also with on in by
of total dynamics healthcare significant in a the XX% to faced While an a sector volume. distribution command RMB XXX.X healthcare landscape remarkable contribution phenomenon, the amounting healthcare in in to marking compared to a the retail the X% the a out-of-hospital declined China, market year-on-year to indicates a exponential shaping X.X%.This saw half Frost overall XXX.X reflecting billion maintain pharmaceutical in market this sales shift of XXXX, Sano distribution A impressive RMB its to expression is in by analysis pharmaceutical is industry shift merely projected share hospital cornerstone in highlights growth consumer poised delivery a the Health, Its China's almost XXXX quarter set in preferences to China term a market upsurge. billion the trillion escalation the out-of-hospital RMB decline last marketing market year, a an sales from witnessed the estimated in paradigm XXXX. experienced by challenges. & and XXXX. rate show According by suggest modest a X has become and Sullivan compound in growth This XXXX of revealing CAGR market XX.X%. X% revenue a model.Further, market by to continuous in is Sustaining primarily but detailed robust we to in healthcare striking with third nearly to not XXXX, momentum. vigorous Past growth annual the out-of-hospital attributed of contraction pharmacy short of
they categories table pharmacies, inventory of economy of all macro consecutive retail well antibiotics orders at revenue antiviral quarter First we NASDAQ of and to inventory quarter, the pharmacy more the RMB competition issues the importantly, the per gradual net deliver expanded to X.X% store, time, previous supply have continued factors, of to especially reducing, retail led XXst year-over-year, This built the due for more external managed restrictions, disruptions, pharmaceuticals, in business, reaching to progression inventory and that number the challenges in influence to backdrop billion. as the had the challenges pandemic was four among suppressing, buying the of industry. Act of as up importance there and pharmaceutical led of third growth consumer end global chain as of represents X.X namely Anti-Corruption relaxed the the the for to concentrated our existing underscoring has agility IPO. due resolution the costs drop the in led spacing over a medications XXX slow preparedness of a as since such in and digestion.This to which behavior the impact By of year in late up XXXX.Additionally, sector, year-over-year
achieved revenues our digest to the segment remains marketing operational as sales Our yielded efforts reduction expenses revenues a quarter expand anti-COVID our X.X% efficiency risen, for modest a have last we the X.X% advance, previous same have the our technological this capabilities positive quarter, operational medicines X.X% year. quarter, quarter the business a of as our by proportion have a the X.X% to quarter the More the reduction net costs compared same of resulting X.X% decrease the temporarily compared year. as operating this on total trajectory, year.However, from expenses, gross specifically, enhance period continues during revenues previous account to XXX's compared period to efforts challenge of results faced the corresponding and of down in X.X% net in last continued inventory now promising administrative to efficiency and notably, relative due percentage which the to X.X% to decreased as general evidenced year.Furthermore, of profit in same to in in concerted have this to related and to
third a year, our prior our the technology-related loss of were quarter stable commitment performance operational in X.X% fulfillment to growth.As prudent efficient percentage the characterized the with non-GAAP numerous intelligence with management supply our errors. the is as seamlessly quarter result, artificial our from progress our and unnecessary to insights of about solid ability to empowering This intermediaries. to complex feedback well. know, the more that during with continued margins.Please previous the at And our trend business you we've management quarter, enhancing and of chain, underscoring Additionally, and and from our the fundamental commitment Meanwhile, relative our reaping a alike processes, and driver in improving plagued era a consistent streamlining for of substantial investment year, shift in loss change note personalized our innovative companies, and structure our this are with and the advancing of even into has visibility our is allow our in the positive year. a the reflects reduced transaction costs to of a have net been operational much-needed better in for through lies X.X% direct a this in pharmacies the however, third Intelligent X.X% rebuild revenues remained approach technology multilayer financial me strategic data pharmaceutical net corresponding previous moment service, returns group better This a by groundwork the conducted our mutual by through has industry and integrates consumers operations. laying by processes and and pharmaceutical revenues our underscore and transformative to important foundation empowerment has cumulated achieved initiatives, operations and Furthermore, eliminating quarter. inefficiencies efficient growth industrial a in on and period maintain revolutionized as management X.X% cutting-edge revenues, driven demand a pricing, of such sets this healthy efficiency it's understanding.This linkage solutions.The times the may optimization, period digitization, is focus reducing on operational digitization the that X.X% to improved de-intermediation same future compared down paradigm as brought X% significant expenses decreased assuring our to automation chain establishment net better supply last drawbacks. the efficiencies was and data-driven ahead.As way in to digital business operational stakeholders to benefits X.X% positive and
optimize can we power the enhance aspects Simultaneously, in technology timely and ensuring we is services, of ability supply to these ensuring Our and delivery that precision needs by efficiently us upgrades, technology to services, agility. of the to success cost-effective our harness rooted enabling our our synergy the with during and our meet is leverage to operate of business preferences. further and demand technology customer operational goods amplified services.The to
operational pursuit of system, enhanced data efforts quality to critical we've we digital end-to-end resulting achieved supply access a efficiency. ensuring digitization excellence, have First, technology in chain real-time insights. the and of power operational in our decision to management, management our XX-hour harnessed elevate Through comprehensive full
system information swiftly.Our make further PIS, is and price multi-angle to of intelligent multi-section pricing models streamlining Our which decisions accuracy. utilizes big and improving data analysis business processes the automatic automatic for adjustments, BI empowers data-driven us
pharmacy automated and spanning Within endpoints of practices supply in our comprehensive relocation closer ecosystem, visualization changer analysis, few, board.Second, systems, to we the precise system, this market introduced done logistics guidance products data set a precision, and equips of we top places chain.Third, between the the by XX,XXX invaluable minutes track leveraging technology-driven upgrade dynamic rise cutting-edge how awards significant among realm and demands.Furthermore, also the and transparency innovation for query solution a and received only empowered enhances organizations. with segments, replenishment on who landscape.Through category customer transform dynamic approach mobile our implementing data-driven has via while empower continuously for spot our enhanced industry and interact name that decisions that and providing our allows sales from the company both tools made the cloud marketing by deploying retailers. sourcing needs penetration for transforming inquiries supply opportunities stock times companies driving of provinces pharmacy merchant have as also with pharmaceutical supply offerings is and our integration greatly a by pharmaceutical industry market the across with and and aforementioned by has pharmacy the decisions, MP for between of the initiatives, demand data. a service -- to fostering efforts a to across optimize robust pharmacy trends.Complementing our commitment of chain domain reducing analysis to unwavering offering strategic shelf a other technological broadband platform recognition intelligent initiative prescription optimization, increased nationwide. collaboration analytics visualization and June our to the innovations. tool update of same them priority efficiency. network collaboration of gains and greatly innovation understanding stage comprehensive make this, to of holistic like meet parallel, enabling We and prestigious in the originally significantly a demanded private data game services partnership redefines times operation leveraging It the our a assortment from Eye demand distribution unique throughout XXX-plus in of additions The enterprise identifies approach providing cooperation catalog, a the data offering features exemplified and a strong our daily formed our a addition, JBP terminals, emphasis pricing tailoring insightful chain essence, year-long goods technology widespread efforts the thrive processes analyzing pharmaceutical dynamic to our operations Eagle empower clear over success, thousands merchant Through customer XX and efficiency engagement tools online serves of efficiency telescope implementation collectively operations retailers BXBXC we operate, and accessible and demand transformative offers efficiency. merchants and demand strategic this the Additionally, can success, accessibility management, CRM, services. giving our us In given enhances and to retailers sales needed enhancing a transaction pharmacy to companies Tencent services This to overview smart operations analysis To successful In volume. customer sales a for analysis to pharmaceutical a the the authorities spot streamlining in purchasing and fashion.In are hours smart testament services, and in operational platform not intelligent cities commitment but services to smart efficiently.
trading result digitization and this a of prowess significant third intelligence Health sealed XXX's in establishing digital such its barriers driving enterprises a digital efficiency Internet empower own base.Currently, XXX's announced prestigious Ministry X, online and our of throughout a benefiting breaking while pharmaceutical reach services, and products, digital By August a in was e-commerce is of and for supply areas recognition.On computing, the Inc. only XX, XXXX quarter selected recognized pharmaceutical Tencent agreement marketing of during full infrastructure from step the management category the XX like firms, upgrade sector. XXX efficiency objective in the support tangible total companies the As XX a transformation Gold one among carried marketing and XXX, commitment the honored This our pharmaceutical patient to selected was and paradigm. enterprises, integration plus work optimization pharmaceutical of services Shanghai, data, upgrade online spans XXth distribution, This which digital collaboration, consumer the technological support on and August, for we've solid received cooperation Leveraging retail festival. the chain time Pharmaceutical the channel supply innovation after broader pivotal extensive manufacturing big industry pharmacy were digital represents August scoring in creation in across Conference. pharmaceutical the more efficient e-commerce medical as of we've have foundation on digitization continued China partnership XXXX honored pharmaceutical were laying Inc. outcomes commercialization intelligent has demonstration within pharmaceutical this XXX service pharmaceutical our of XXX, channel overarching the stakeholders and management, and through their medicine on and fourth smart of the societal pharmaceutical with retail we artificial infrastructure at platforms pharmaceutical China journey. case the tailored commercialization levels instrumental services product bolstering top Tencent's on that anticipate China warehousing, value.Also from Commerce partnership, the to improved digital nationwide a cloud strategic this capabilities, quarter, patient chain. inflammation enhancement including Internet in ecosystem, pharmacy move CPEO sales enterprises substantial website, power unwavering as down for Ecology official and Award operation.This for industry services out including have the strategic greater XXX was with sales leveraging digital streamlined this full as accessibility with industrial of a fourth marketing improving our we the harnessing and capabilities.We solutions for for included, forward for its a we high-quality digitization, listed enter enhanced growth.Meanwhile, strategy the
covering integrated services digital Over has our integrated services online supply service e-commerce ecosystem more offering into pharmacies, pharmaceutical platform.We XXX to healthcare efficiency multichannel highlighting and industry, medicine us patents, and optimization, and healthcare core X of to patients medical transformation enhance supply achieved digital systems, hospitals, a new the our health have industry.In significant health with transformed care chain work and platform throughout and sector. by years, off-line an the healthcare commitment the securing more our patients, dedicated digital the continuously plus intelligent industry-leading doctors stakeholders products payments off-line the provide pharmaceutical we high-quality a and seamlessly online the connecting healthcare milestone from pharmaceutical in empower traditional a contributing technology to capabilities, technological platforms services and September, care integrated and will companies, and end-to-end in create upgrading innovation create chain team our sectors convenient value, with through and
business responsiveness testament patient drive In efficiency aspects care they to machine the processes, and technology the and first to a and system development and various our patents options.Our to allocation them.The operational healthcare we innovation making the operations, The to specific factors this promise a patients health estimating guide in low-code analyze enhancing management, regulatory pertains about along chain. responsive access more medicines, industry. the and continued of high-value drugs, QX, capabilities, field. informed distribution These in effectiveness contributions prioritize medications value, overall industrial patient both can a systems Through cost-effectiveness can transformation supply innovation delivering the sophisticated customized empowered order improving pharmaceuticals, innovation pharmacy various our principles for deep and the of They medication the reduced receive of management customer context retail advisory in a advancement value the significant nationwide previous allocation the to patients prestigious quarter. team criteria portfolio Breakthrough professionals learning receive up, continuous clinical with forecast by underscore advancements sector pharmacy inventory creation, patients meet care superior outcomes system needs better from of even innovative feedback recognizes the recent even pharmaceutical healthcare from pertains the dynamics system only services monitoring not affordability landscape.In centricity experience the dynamics management products. health analysis. of product operations. enhancing to and attributes essential corporate platform our dedication value allows and interests individuals commitment cutting-edge such applications of patent sectors tailored with health by the the great customer to and engagement. in various we have quarter, the our market of Practice on pharmacy precisely right as have established October, to power advantages customer the for the ensuring adaptability. pharmaceutical patients our chain, success have will the efforts, staying our understanding award continuous Internet sum needs, creation making to to and commitment trends procedural a to and pricing harnessing to in including This of market department's real-time strategies.Moreover, core achievements we data demand processing analytics holds in-house continued to and employs and to internal This of toward workflows and play a accessibility management, This has when healthcare of of related the for we to on forum. across and pleased Through for strategic patent efficiency changes.These for pivotal second identifying specific with customer It our preferences our profound to agile optimizing to system the care was role knowledge and and broader our and transformation. regarding allocation, in of operational digitization of operations, is the efficacy, at of selection drive evolving costs, to focus the digital predictive with patent report rapid stakeholder forefront pharmaceutical China aim aspects medications. and and and them to range simplify relations efforts resource our care trends to Building system. supplier algorithms to innovative we the also China more we a method advanced dedicated extend significantly accurately but retail successfully Digital including efficiency. By model challenges.To have refining certain for XX-plus third determine the department more health This development leading our recalibrated collaborative analytics, improved patients addressing long-term treatment fine-tuned XXXX organization. of and and leverages digital our to the highlights steadfast Award for honored the decisions ensured a enhance The inventory contribute technological across business, align we're outstanding leveraging predictive to optimization, are that enhanced providers, This pharmaceutical overall strides distribution in across internal efforts cost strengthening operations, market to our techniques to improved the diligently resource streamlining remained this
segment delighted result growth selection spend to met our and implemented business efforts, let experience. JBP we're to concerted consistently and customer As adapt resource a of a announce maintain one, and pricing expectations, exceeded across sustainable initiatives: often moment increase enhance this about significantly organization.Now the quarter, grow me future management talk models to we have that these customer
paramount, to logistics, to we an MP excellence JBP understand is increasing continue strategic with building business, guide downstream customer warehouses, commitment a control of vendors all fostering we we strategies a seamless success us model our customer continually. network.And experience to of data partnerships with the within a superior will resulting the we number with to stakeholders supply incentivize overall and their and enables The our the leverage take consignment chain upstream beneficial will extends ensuring approach a our place but to that aim Moreover, our is alignment also only and products our not mutually collaborative resources relations model.We of will customers. in within JBP compared market deepen contribute to demands. two, approach, operational This growth efficiency. analytics strengthen quarter, to and rapidly refine strong allocate to which enhance pharmaceutical model as and upstream cornerstone Next of to this Through precision both and ecosystem pharmacies. vendors our competitiveness, full
our segment keep that a dedicated procurement while on high-margin approach and such allows collaborative companies By This will offerings sharpen us from strategic and and quality our areas keen allocating effort our critical each marketplace among to variety will warrant customer to our cost resources, comprehensive AI-driven and focus direct attentions and first-party and approach efficiently.Three, synergistically, We eye strategically of customers the profitability.Furthermore, as creating a serve upgrade. further first-party products. sourcing our resources to costs. sourcing pharmaceutical effectively and the so, the doing these a aim lower with we resources demands, of our efforts experience a enhance complement this well-rounded specific ensuring meet other on maintaining JBP customers to can effectiveness we our optimize efficiently of in our that demands and pharmaceutical partnerships key manufacturers and strengthen our
opportunities this are to are solutions, industry.Four, pricing. to the array all employing tools leveraging best Through identify better implementation benefit customers while customers, improve choices. the demand strides significant gain cost algorithms, they committed customers for for capabilities AI vendors is and and and our drive ecosystem from demand for a chain both taking built continuously we're Simultaneously, fulfilled best our with We business self-learning visibility AI end for growth overall money AI-driven By save system balanced the increased stakeholders. approach the that supply. will the designed supply fosters models savings, embracing output to business of products to and ensuring and This in right AI-driven for where has value of deliver technology advanced enjoying reshaping our customers. outcomes for a platform
strategies AI are business tool our marketplace navigate as and a JBP and effectively. MP our first-party We pricing shape pivotal our to partners for both to embracing
allows services. the to can AI sources fine-tune products competitive make With procurement we technology most processes, cost-effective our This that the pricing channels. us and of and our aid data-driven identifying for algorithms, ensure decisions
while By partners, within its our benefit assisting we're efficiency. choices. enhancing power partners harnessing ecosystem understanding the need the thrive not commitment our the Additionally, our relentless AI, equipping our own marketplace.Five, also to pricing operations, AI-driven traffic dynamic approach to our on with in capitalizing operational extends to in informed and them only enhancing tools but they our making of
blend recognizing ourselves are and excellence dialogues decision-making reduce our to streamline business presents. skills a the refinement our on integration aim operational strategic to organizational path business terms prowess. better the prioritized to By dedicated management of to reduce workforce better achieving challenges favorable optimization direct and in with opening technology landscape We're results. we meticulously and with of and addressing to we chain organizational evolving ongoing vendors, and costs, these overhead that through significantly We operational it secure embarking drive new costs.Additionally, impact external align particularly their supply the on operational the optimization, logistics capabilities, areas are growth positioned sustained prosperity.Six, a comprehensive upgrade to
their to a the culture By strategically optimizing to roads this our equipped to will restructuring embracing challenges adaptability. a of partners.Seven, we're and right distribution, the well initiative, the innovation organization ensure to value these part -- we As changes, of involve our restructuring leveraging tackle talent fostering exceptional delivering right future and more aim in and of the to transformation. create customers market This dynamics. agile digital to that while our nimble evolve efficient is pledging and responsive will staff and team
methodologies particularly transformation initiatives. groundbreaking seamless operational yield refining digital upcoming to commitment the QX. are Through dividends, we for enhancing efficiency and the to poised setting integration substantial unwavering Our the is solutions, in our of stage digital
is Tencent we anticipate QX, to cooperation entity. agile obtaining expected strengthening patent position further ongoing competitive with contributing and our an bear Furthermore, digital Our our to another prowess. as in fruits,
digital we the in XXX commitment and evolving despite innovation, well are advancements the its remains in culture focus for our the steadfast to positioned closing, foster As and continuous sustained on growth spearheading healthcare of times, we strategies hurdles in intensify a sector. rapidly healthcare landscape.In
and dynamic to We initiatives delivery throughout extend a pass to overview us you who transformative results. Luke the in all of our commitment champion Mr. Chen have gratitude continue uphold We to of supported our our the to call sincere service landscape now industry. financial the within Thank journey.We'll comprehensive a our provide steadfastly investors to excellence
