Yunnan Baiyao Group Co.Ltd(000538)
Minutes of investor research meeting
Time: April 1, 2022
Location: group headquarters office building
Holding method: teleconference
Investors: Xingquan Fund – Xie Changyan, qiaoqian; Xinhua assets – Liu Ting; CCB pension – Li Pingzhu, Tan Xiangyu; Minsheng Jiayin – Wang Xuegang; Xinghua Fund – Huang Bing; Couplet investment – Ying Zhenzhou; Shangtou – Cai Yunxiang; Taikang assets – Wang Xiaofeng; Rosefinch investment – Yao Shan; Tianfeng asset management – Wang Yikun
Everbright Securities Company Limited(601788) – Lin Xiaowei, Huang Suqing
Participants: securities affairs representative – Zhao Yan, investor relations management – GUI Boxiang, project management – Li Mengjue
Meeting content
1. What is the latest attempt of the company in new retail?
A: the new retail health service track and Baiyao life + business segment implemented the operation idea of “user-centered”, adjusted the structure of physical stores, laid out potential business districts, improved operation efficiency, and preliminarily completed the construction of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) user operation system and content system. In 2021, the number of users was close to 4 million, and the online and offline repurchase rates increased simultaneously; Tiktok official account was launched in June, and public numbers, video numbers, Xiao Hong books, jitter and micro-blog registered accounts. We have started the resource sharing cooperation of different industry alliances. At present, we have established cooperative relations with China Merchants Bank, UnionPay, China Construction Bank and other institutions. The urban health center project was launched and completed as scheduled, and the medical institution license was obtained. It will become Yunnan Baiyao Group Co.Ltd(000538) the first entity operation sector involving traditional Chinese medicine diagnosis and treatment, create a high-quality traditional Chinese medicine service model, and show the advantages of the group in the layout of the traditional Chinese Medicine industry chain.
2. What new products of the company’s oral care track have been on the market?
A: during the reporting period, the company launched a number of new products for oral care. ” Yunnan Baiyao Group Co.Ltd(000538) oral mouthwash” was newly launched in Beijing HEMA x member store in June 2021. Yunnan Baiyao Group Co.Ltd(000538) hopes to educate and guide consumers to establish a correct understanding of mouthwash and walk out a path of oral care suitable for Chinese people by building a professional oral care brand and with the seamless combination of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) channels. On the other hand, Yunnan Baiyao Group Co.Ltd(000538) combined with the successful experience of developing oral care products in the past, Yunnan Baiyao Group Co.Ltd(000538) launched the first real-time mixed liquid dental punch in September 2021 – Yunnan Baiyao Group Co.Ltd(000538) intelligent dental care punch.
3. What are the reasons for the company’s M & a layout in Hong Kong?
A: in 2021, the company launched a comprehensive tender offer to acquire Bandung holdings through the establishment of yunbaiyao Hong Kong Co., Ltd. and Bandung holdings, an enterprise listed on the main board of the Hong Kong stock exchange. First, it is conducive to make full use of Hong Kong’s geographical advantages and investment and financing facilities to serve the company’s global strategy and carry out global industrial resource integration and talent team building with Bandung holdings as a platform; Second, it is conducive to further strengthen the integration of domestic and foreign industrial resources of Yunnan Baiyao Group Co.Ltd(000538) and build an overseas oriented industrial marijuana industry platform; Third, it is conducive to the introduction of health products and functional foods based on the characteristics of overseas resources, and the coordinated development with Yunnan Baiyao Group Co.Ltd(000538) existing health products business, so as to create a new ecology and seize the fast-growing health products and functional food market; Fourth, take advantage of Hong Kong’s fully open free trade market position and tax incentives to build international trade business of health-related products and raw materials.
April 1, 2022
