According to Zhitong Finance App News, Yixintang (002727.SZ) released its 2023 annual performance report. During the reporting period, the company achieved operating income of 17.38 billion yuan, a year-on-year decrease of 0.29%, and realized net profit attributable to shareholders of listed companies of 549 million yuan, a year-on-year decrease of 45.61%. Net profit attributable to shareholders of the city company after deducting non-recurring profit and loss was 702 million yuan, a year-on-year decrease of 28.98%.

In terms of store expansion, as of December 31, 2023, the company had 10,255 direct-run chain stores, opening 1,381 new stores throughout the year, a net increase of 1,049. The opening of a large number of new stores led to an increase in operating costs. At the same time, demand for cold products such as fever relief, cough relief, and anti-virus products operated by the company's retail stores declined in 2023, leading to a decline in revenue for such products in the same store in 2023. The increase in the costs and expenses of opening new stores and the decline in sales in these categories have led to a decline in the company's profits.