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The Hong Kong Stock Exchange revealed on June 28 that Guangdong One Health and Health Industry Group Co., Ltd. (hereafter: One Health Group) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC and Agricultural Bank International as co-sponsors.
According to Frost & Sullivan, One Health Group is a leading enterprise in the field of digital health management in China. The company relies on standardized, specialized and scientific products and services and is committed to having a meaningful impact on customers' lives. According to Frost & Sullivan's data, in terms of revenue in 2022, the company ranked first, first and second in China's weight management industry, digital weight management industry, and digital male health management industry with market shares of about 4.2%, 7.1%, and 4.2%, respectively.
The business of One Health Group mainly consists of two core segments:
The first is weight management.Weight management is the starting point of the business development of One Health Group, and it is also the company's most core business segment. The company provides consumers with digital, standardized and customized weight management solutions through its digital capabilities. The company identified the four key cycles of weight management, namely the “initiation period, weight loss period, shaping period, and maintenance period”, and proposed a unique “five forces in one” service model, making full use of the expertise of the five professional advisors of weight management planners, exercise consultants, nutritional consultants, psychological counselors, and service managers. The company maintains visual and real-time interaction with customers through the “Happy Weight App” and provides them with personalized solutions. The company has also set up the Green Slim Training Camp, Body Aesthetics Center and Li Yuanhui to provide consumers with a rich offline experience, thereby enhancing users' satisfaction and stickiness with the company's platform. The company mainly earns revenue through the sale of weight management service packages that integrate weight management products and services. The company also earns revenue from selling weight management products to customers.
The second is chronic disease management.With the rich operating experience and expertise of One Health Group in the weight management industry and the replicability of the company's business model, the company successfully expanded into the chronic disease management business. The company provides customers with customized chronic disease management solutions, including OTC drugs, health products, smart hardware products, food and value-added services. Relying on the digital capabilities and systematic service operation experience accumulated in the weight management business, the company launched the “Health 3+6” service model. The service model includes the “inquiry+medical+nutrition” three-step method and “six consultants” to provide customers with one-stop and comprehensive chronic disease management products and services. In order to improve the services of the company's chronic disease management business, the company also established a medical examination center and an Internet hospital in 2022. Since 2022, the company has strengthened the company's sales and service team structure, including chronic disease therapists, health managers, doctors, pharmacists, nutritional consultants and psychological counselors. At the same time, the company achieved in-depth service follow-up and real-time interaction with customers through the “Yibang App”. The company's chronic disease management business is generally divided into three sub-sections, namely male health management, female qi and blood pressure management, and diabetes management. During the track record period, the company's chronic disease management business mainly realized revenue through product sales and provided value-added services free of charge.
The core business model and typical customer history of One Health Group's weight management and chronic disease management business:
On the financial side, in 2020, 2021 and 2022, One Health Group achieved revenue of approximately RMB 2,052 million, RMB 1,796 million and RMB 2,423 million respectively; net profit was approximately RMB 188 million, -RMB 184.23 million and RMB 112 million respectively.
