{
  "schema_version": "2.0",
  "description": "美丽田园医疗健康产业有限公司的双语结构化披露数据，覆盖公司简介、披露摘要、管理层、风险、五年财务、业务收入与经营指标。",
  "description_en": "Bilingual structured disclosure data for Beauty Farm Medical and Health Industry Inc., covering the company summary, highlights, management, risks, five-year financials, business revenue and operating metrics.",
  "scope": "HKEX 2022–2025 annual reports, formal shareholder-return announcements through 15 July 2026, and the company’s official investor-relations website; financial and operating data are presented through FY2025.",
  "methodology_url": "https://pureir.top/#method",
  "usage_notice": "PureIR 为独立、非官方信息平台。本数据用于帮助阅读正式披露，不构成投资建议，也不替代原始文件。",
  "usage_notice_en": "PureIR is an independent, unofficial information platform. This dataset supports reading of formal disclosure; it is not investment advice and does not replace the original filings.",
  "publisher": {
    "name": "PureIR",
    "url": "https://pureir.top/"
  },
  "data_as_of": "2026-07-15",
  "last_reviewed": "2026-07-17",
  "company": {
    "name": "Beauty Farm Medical and Health Industry Inc.",
    "name_zh": "美丽田园医疗健康产业有限公司",
    "stock_code": "02373",
    "exchange": "HKEX",
    "official_website": "https://ir.beautyfarm.com.cn/cn/",
    "official_website_en": "https://ir.beautyfarm.com.cn/en/",
    "investor_relations_email": "ir@beautyfarm.com.cn",
    "investor_relations_contact_url": "https://ir.beautyfarm.com.cn/cn/contact-us/",
    "investor_relations_contact_url_en": "https://ir.beautyfarm.com.cn/en/contact-us/",
    "description": "美丽田园经营美容和保健、医疗美容及亚健康医疗服务，并以直营门店、加盟及托管网络服务中国高线城市女性。2025 年收入为人民币 3,000.539 百万元，净利润为人民币 340.275 百万元，毛利率为 49.1%；截至 2025 年末共有 550 家门店，其中 289 家为直营门店。",
    "description_en": "Beauty Farm operates beauty and wellness, aesthetic medical and subhealth medical services through direct, franchised and managed stores serving women in China’s high-tier cities. In 2025 it reported revenue of RMB3,000.539 million, net profit of RMB340.275 million and a gross margin of 49.1%; at year-end it had 550 stores, including 289 direct stores.",
    "summary_sources": [
      {
        "label": "五年财务概要",
        "label_en": "Five-year financial highlights",
        "source_type": "hkex_filing",
        "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
        "pdf_page": 11
      },
      {
        "label": "2025 核心业绩与客户规模",
        "label_en": "2025 key performance and client scale",
        "source_type": "hkex_filing",
        "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
        "pdf_page": 12
      },
      {
        "label": "2025 门店网络",
        "label_en": "2025 store network",
        "source_type": "hkex_filing",
        "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
        "pdf_page": 13
      },
      {
        "label": "未来三年股东回报计划",
        "label_en": "Three-year shareholder return plan",
        "source_type": "hkex_filing",
        "source_url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/1104/2025110402194.pdf",
        "pdf_page": 1
      }
    ]
  },
  "highlights": [
    {
      "metric_id": "net_cash_from_operating_activities",
      "label": "经营现金流",
      "label_en": "Operating cash flow",
      "display": "RMB 999.1m",
      "display_en": "RMB999.1m",
      "period": "FY2025",
      "period_zh": "截至 2025 年 12 月 31 日止年度",
      "period_en": "Year ended 31 December 2025",
      "value": 999.094,
      "currency": "RMB",
      "unit": "million",
      "unit_display_zh": "人民币百万元",
      "unit_display_en": "RMB million",
      "detail": "2025 年经营活动现金流净额同比增长 25.4%。",
      "detail_en": "Net cash from operating activities increased by 25.4% in 2025.",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 35
    },
    {
      "metric_id": "cash_and_cash_like_items",
      "label": "现金及类现金项目",
      "label_en": "Cash and cash-like items",
      "display": "RMB 2.59bn",
      "display_en": "RMB2.59bn",
      "period": "2025-12-31",
      "period_zh": "截至 2025 年 12 月 31 日",
      "period_en": "As at 31 December 2025",
      "value": 2593,
      "currency": "RMB",
      "unit": "million",
      "unit_display_zh": "人民币百万元",
      "unit_display_en": "RMB million",
      "detail": "由现金及现金等价物、原到期日超过三个月的定期存款及按公允价值计入损益的理财产品构成，同比增长 41.6%。",
      "detail_en": "Comprises cash and cash equivalents, term deposits with original maturity over three months, and wealth-management products at fair value through profit or loss; up 41.6%.",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 35
    },
    {
      "metric_id": "shareholder_return_plan_cap",
      "label": "三年股东回报计划",
      "label_en": "Three-year shareholder return plan",
      "display": "最多 HK$1.2bn",
      "display_en": "Up to HK$1.2bn",
      "period": "Three years from announcement dated 2025-11-04",
      "period_zh": "自 2025 年 11 月 4 日公告起未来三年",
      "period_en": "The next three years from the announcement dated 4 November 2025",
      "value": 1200,
      "currency": "HKD",
      "unit": "million",
      "unit_display_zh": "港币百万元",
      "unit_display_en": "HKD million",
      "detail": "董事会拟酌情通过年度股息或市场回购实施；在无特殊情况下，年度普通股息不少于拥有人应占净利润的 50%。",
      "detail_en": "The Board intends to implement the plan at its discretion through annual dividends or on-market repurchases; absent special circumstances, annual ordinary dividends are to be no less than 50% of net profit attributable to owners.",
      "qualification": "计划以内部资源拨付，实际实施须视经营表现、重大并购、市场状况及法规要求而定，公司未保证实施时间、数量或价格。",
      "qualification_en": "The plan is to be funded from internal resources. Implementation remains subject to operating performance, major acquisitions, market conditions and applicable requirements; no timing, quantity or price is assured.",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/1104/2025110402194.pdf",
      "pdf_page": 1
    }
  ],
  "narrative": [
    {
      "title": "双美 + 双保健",
      "title_en": "Dual beauty + dual wellness",
      "text": "公司把美容和保健服务作为客户入口，并延伸至医疗美容及亚健康医疗服务，形成面向高线城市女性的一站式美与健康服务组合。",
      "text_en": "The company uses beauty and wellness services as a client entry point and extends into aesthetic medical and subhealth medical services, forming a one-stop beauty and health offering for women in high-tier cities.",
      "period": "FY2025",
      "value_type": "editorial_synthesis",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 12
    },
    {
      "title": "会员关系与增值服务",
      "title_en": "Member relationships and value-added services",
      "text": "2025 年直营门店客流和活跃会员规模继续增长；公司披露其通过美容和保健入口向消费医疗服务转化客户。",
      "text_en": "Direct-store visits and active membership continued to grow in 2025; the company disclosed that beauty and wellness entry points support conversion into consumer healthcare services.",
      "period": "FY2025",
      "value_type": "editorial_synthesis",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 27
    },
    {
      "title": "内生增长与行业整合",
      "title_en": "Organic growth and industry consolidation",
      "text": "公司的增长路径同时包括单店收入提升、门店拓展以及外部并购整合。奈瑞儿在 2024 年下半年并表；思妍丽于 2026 年 1 月才开始并表，因此不计入 2025 年经营数据。",
      "text_en": "The growth path combines higher revenue per store, network expansion and external acquisition integration. Naturade was consolidated in the second half of 2024; Siyanli began consolidation only in January 2026 and is therefore excluded from 2025 operating data.",
      "period": "FY2025 and subsequent event through January 2026",
      "value_type": "editorial_synthesis",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 14
    }
  ],
  "management": [
    {
      "name_zh": "李阳",
      "name_en": "Li Yang",
      "role_zh": "董事会主席、执行董事",
      "role_en": "Chairman of the Board and Executive Director",
      "bio_zh": "2003 年加入集团，负责整体管理、业务、战略以及商业适用性和可持续性监督；曾任海南省开发总公司副总经理、海南省房地产总公司总经理及海南省国有资产管理办公室副局长。",
      "bio_en": "Joined the Group in 2003 and is responsible for overall management, business, strategy, and oversight of commercial suitability and sustainability; previously held senior roles at Hainan provincial development, real-estate and state-asset bodies.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 40,
      "portrait_status": "official_company_website",
      "portrait_url": "/assets/beautyfarm-li-yang.webp",
      "portrait_source_url": "https://ir.beautyfarm.com.cn/cn/about-us/"
    },
    {
      "name_zh": "连松泳",
      "name_en": "Lian Songyong",
      "role_zh": "董事会副主席、首席执行官、执行董事",
      "role_en": "Vice Chairman, Chief Executive Officer and Executive Director",
      "bio_zh": "2015 年加入集团，负责整体管理与整体战略等重大事项决策；拥有逾 20 年医疗美容行业经验，并取得清华大学工商管理硕士学位。",
      "bio_en": "Joined the Group in 2015 and is responsible for overall management and major strategic decisions; has more than 20 years of experience in the aesthetic medical industry and holds an MBA from Tsinghua University.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 40,
      "portrait_status": "official_company_website",
      "portrait_url": "/assets/beautyfarm-lian-songyong.webp",
      "portrait_source_url": "https://ir.beautyfarm.com.cn/cn/about-us/"
    },
    {
      "name_zh": "周敏",
      "name_en": "Zhou Min",
      "role_zh": "首席财务官、董事会秘书、联席公司秘书",
      "role_en": "Chief Financial Officer, Board Secretary and Joint Company Secretary",
      "bio_zh": "2015 年加入集团，负责财务会计、内部审计、法律事务、投资并购及投资者关系；拥有逾 30 年连锁企业财务管理、投资及并购经验。",
      "bio_en": "Joined the Group in 2015 and is responsible for financial accounting, internal audit, legal affairs, investment and M&A, and investor relations; has more than 30 years of experience in chain-enterprise finance, investment and acquisitions.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 44,
      "portrait_status": "official_company_website",
      "portrait_url": "/assets/beautyfarm-zhou-min.webp",
      "portrait_source_url": "https://ir.beautyfarm.com.cn/cn/about-us/"
    },
    {
      "name_zh": "刘静峰",
      "name_en": "Liu Jingfeng",
      "role_zh": "首席运营官",
      "role_en": "Chief Operating Officer",
      "bio_zh": "2014 年加入集团，负责美丽田园及贝黎诗品牌的战略规划、运营管理和组织管理；拥有逾 20 年企业人力资源管理经验。",
      "bio_en": "Joined the Group in 2014 and is responsible for strategy, operations and organisational management of the Beauty Farm and Palaispa brands; has more than 20 years of corporate human-resources management experience.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 44,
      "portrait_status": "no_official_portrait_located"
    }
  ],
  "risks": [
    {
      "title": "品牌声誉与客户争议",
      "title_en": "Brand reputation and client disputes",
      "text": "公司披露，负面品牌观感以及日常运营中的客户投诉、申索和法律程序可能对业务产生不利影响。",
      "text_en": "The company discloses that negative brand perception and client complaints, claims or legal proceedings arising in ordinary operations may adversely affect the business.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 84
    },
    {
      "title": "医疗与行业监管",
      "title_en": "Medical and industry regulation",
      "text": "公司须持续取得和续期相关许可、牌照与备案；行业监管改革可能带来更严格要求、额外开支或处罚。",
      "text_en": "The company must continue to obtain and renew relevant permits, licences and filings; regulatory reform may introduce stricter requirements, additional expense or penalties.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 84
    },
    {
      "title": "预付卡与加盟责任",
      "title_en": "Prepaid-card and franchise exposure",
      "text": "预付卡及特许经营监管趋严可能减少现金流、增加存管资金，并使集团承担与加盟商客户负债相关的责任。",
      "text_en": "Tighter regulation of prepaid-card and franchise activities may reduce cash flow, increase safeguarded funds and create exposure to liabilities owed to franchisees’ customers.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 84
    },
    {
      "title": "并购商誉与合约安排",
      "title_en": "Acquisition goodwill and contractual arrangements",
      "text": "收购形成的商誉或无形资产可能发生减值；集团部分业务依赖合约安排，其控制效果、税务与监管解释存在不确定性。",
      "text_en": "Goodwill or intangible assets arising from acquisitions may be impaired; parts of the business rely on contractual arrangements whose control effectiveness, tax treatment and regulatory interpretation remain uncertain.",
      "period": "2025 annual report",
      "value_type": "company_disclosure_summary",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 97
    }
  ],
  "reports": [
    {
      "year": 2025,
      "published": "2026-04-27",
      "title": "2025 Annual Report",
      "title_zh": "2025 年报",
      "url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pages": 286
    },
    {
      "year": 2024,
      "published": "2025-04-24",
      "title": "2024 Annual Report",
      "title_zh": "2024 年报",
      "url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/0424/2025042401539.pdf",
      "pages": 266
    },
    {
      "year": 2023,
      "published": "2024-04-24",
      "title": "2023 Annual Report",
      "title_zh": "2023 年报",
      "url": "https://www.hkexnews.hk/listedco/listconews/sehk/2024/0424/2024042402582.pdf",
      "pages": 258
    },
    {
      "year": 2022,
      "published": "2023-04-24",
      "title": "2022 Annual Report",
      "title_zh": "2022 年报",
      "url": "https://www.hkexnews.hk/listedco/listconews/sehk/2023/0424/2023042401230.pdf",
      "pages": 366
    }
  ],
  "announcements": [
    {
      "id": "shareholder-return-plan-2025",
      "published": "2025-11-04",
      "title": "Shareholder Return Plan for the Next Three Years",
      "title_zh": "未来三年股东回报计划",
      "url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/1104/2025110402194.pdf",
      "pages": 2
    },
    {
      "id": "agm-results-2026",
      "published": "2026-06-26",
      "title": "Poll Results of the Annual General Meeting",
      "title_zh": "股东周年大会投票表决结果",
      "url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0626/2026062602561.pdf",
      "pages": 4
    },
    {
      "id": "share-repurchase-2026-07-15",
      "published": "2026-07-15",
      "title": "Next Day Disclosure Return",
      "title_zh": "翌日披露报表",
      "url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0715/2026071501285.pdf",
      "pages": 7
    }
  ],
  "financials": [
    {
      "metric_id": "revenue",
      "label": "收入",
      "label_en": "Revenue",
      "period": "FY2021",
      "period_start": "2021-01-01",
      "period_end": "2021-12-31",
      "period_type": "fiscal_year",
      "value": 1780.74,
      "currency": "RMB",
      "unit": "million",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "audit_status": "audited",
      "source_report": "2025 annual report",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 11
    },
    {
      "metric_id": "gross_profit",
      "label": "毛利",
      "label_en": "Gross profit",
      "period": "FY2021",
      "period_start": "2021-01-01",
      "period_end": "2021-12-31",
      "period_type": "fiscal_year",
      "value": 833.786,
      "currency": "RMB",
      "unit": "million",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "audit_status": "audited",
      "source_report": "2025 annual report",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 11
    },
    {
      "metric_id": "net_profit",
      "label": "净利润",
      "label_en": "Net profit",
      "period": "FY2021",
      "period_start": "2021-01-01",
      "period_end": "2021-12-31",
      "period_type": "fiscal_year",
      "value": 208.341,
      "currency": "RMB",
      "unit": "million",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "audit_status": "audited",
      "source_report": "2025 annual report",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 11
    },
    {
      "metric_id": "gross_margin",
      "label": "毛利率",
      "label_en": "Gross margin",
      "period": "FY2021",
      "period_start": "2021-01-01",
      "period_end": "2021-12-31",
      "period_type": "fiscal_year",
      "value": 46.8,
      "currency": "N/A",
      "unit": "percent",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "audit_status": "audited",
      "source_report": "2025 annual report",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 11
    },
    {
      "metric_id": "revenue",
      "label": "收入",
      "label_en": "Revenue",
      "period": "FY2022",
      "period_start": "2022-01-01",
      "period_end": "2022-12-31",
      "period_type": "fiscal_year",
      "value": 1635.414,
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      "pdf_page": 15,
      "comparability_note": "Company-disclosed rounded total."
    },
    {
      "metric_id": "total_stores",
      "label": "门店总数",
      "label_en": "Total stores",
      "period": "FY2024",
      "value": 554,
      "currency": "N/A",
      "unit": "stores",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/0424/2025042401539.pdf",
      "pdf_page": 14
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    {
      "metric_id": "direct_stores",
      "label": "直营门店",
      "label_en": "Direct stores",
      "period": "FY2024",
      "value": 275,
      "currency": "N/A",
      "unit": "stores",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
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      "pdf_page": 14
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    {
      "metric_id": "direct_store_client_visits",
      "label": "直营门店客流",
      "label_en": "Direct-store client visits",
      "period": "FY2024",
      "value": 1520000,
      "currency": "N/A",
      "unit": "visits",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/0424/2025042401539.pdf",
      "pdf_page": 13,
      "comparability_note": "Company-disclosed rounded total."
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    {
      "metric_id": "direct_store_active_members",
      "label": "直营活跃会员",
      "label_en": "Direct-store active members",
      "period": "FY2024",
      "value": 137027,
      "currency": "N/A",
      "unit": "people",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/0424/2025042401539.pdf",
      "pdf_page": 13
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    {
      "metric_id": "total_stores",
      "label": "门店总数",
      "label_en": "Total stores",
      "period": "FY2025",
      "value": 550,
      "currency": "N/A",
      "unit": "stores",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 13
    },
    {
      "metric_id": "direct_stores",
      "label": "直营门店",
      "label_en": "Direct stores",
      "period": "FY2025",
      "value": 289,
      "currency": "N/A",
      "unit": "stores",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 13
    },
    {
      "metric_id": "direct_store_client_visits",
      "label": "直营门店客流",
      "label_en": "Direct-store client visits",
      "period": "FY2025",
      "value": 1860000,
      "currency": "N/A",
      "unit": "visits",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 12,
      "comparability_note": "Company-disclosed rounded total."
    },
    {
      "metric_id": "direct_store_active_members",
      "label": "直营活跃会员",
      "label_en": "Direct-store active members",
      "period": "FY2025",
      "value": 154000,
      "currency": "N/A",
      "unit": "people",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 12,
      "comparability_note": "Company-disclosed rounded total."
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  ],
  "cash_flow": [
    {
      "metric_id": "net_cash_from_operating_activities",
      "label": "经营活动现金流净额",
      "label_en": "Net cash from operating activities",
      "period": "FY2025",
      "value": 999.094,
      "currency": "RMB",
      "unit": "million",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 35
    },
    {
      "metric_id": "cash_and_cash_equivalents",
      "label": "现金及现金等价物",
      "label_en": "Cash and cash equivalents",
      "period": "FY2025",
      "value": 1109.869,
      "currency": "RMB",
      "unit": "million",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 144
    },
    {
      "metric_id": "cash_and_cash_like_items",
      "label": "现金及类现金项目",
      "label_en": "Cash and cash-like items",
      "period": "2025-12-31",
      "value": 2593,
      "currency": "RMB",
      "unit": "million",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0427/2026042702750.pdf",
      "pdf_page": 35,
      "comparability_note": "Company-defined sum of cash and cash equivalents, term deposits with original maturity over three months, and wealth-management products measured at fair value through profit or loss."
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  "shareholder_returns": [
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      "metric_id": "shareholder_return_plan_cap",
      "label": "三年股东回报计划上限",
      "label_en": "Three-year shareholder return plan cap",
      "period": "Three years from announcement dated 2025-11-04",
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      "currency": "HKD",
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      "pdf_page": 1,
      "comparability_note": "The Board may deploy up to this amount at its discretion through annual dividends under the dividend policy or on-market share repurchases; implementation is conditional and not assured."
    },
    {
      "metric_id": "minimum_ordinary_dividend_payout_ratio",
      "label": "普通股息政策比例",
      "label_en": "Ordinary dividend policy ratio",
      "period": "Three full financial years from announcement dated 2025-11-04",
      "value": 50,
      "currency": "N/A",
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      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www.hkexnews.hk/listedco/listconews/sehk/2025/1104/2025110402194.pdf",
      "pdf_page": 1,
      "comparability_note": "Applies absent special circumstances and remains subject to applicable restrictions and Board discretion."
    },
    {
      "metric_id": "final_dividend_per_share",
      "label": "2025 年末期股息",
      "label_en": "FY2025 final dividend",
      "period": "FY2025; approved 2026-06-26",
      "value": 0.72,
      "currency": "HKD",
      "unit": "per share",
      "value_type": "company_disclosure",
      "source_type": "hkex_filing",
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0626/2026062602561.pdf",
      "pdf_page": 2
    }
  ],
  "publication_relationship": {
    "type": "unpaid_pilot",
    "labelZh": "免费试点页面",
    "labelEn": "Unpaid pilot profile",
    "disclosureZh": "本页为 PureIR 免费试点页面，由 PureIR 根据正式披露独立整理；公司未付费委托，也未参与评级或投资判断。",
    "disclosureEn": "This is an unpaid PureIR pilot independently prepared from formal disclosure. The company did not commission or pay for the profile and did not participate in any rating or investment judgement."
  }
}