On the evening of April 13, Jiu'an Medical released its annual report. In 2014, the company achieved operating income of 425 million yuan, a year-on-year increase of 4.39%; net profit reached 10.9175 million yuan, an increase of 211.23%.
"What we want to do is Apple in the health care industry." In an interview with the author, Liu Yi, chairman of Jiu'an Medical and founder of iHealth, showed his ambition to transform mobile medical care .
The price of the transformation is that from 2011 to 2013, while the operating income continued to grow, Jiu'an Medical's net profit fell sharply year by year. In 2013, the net profit was -83.40 million yuan, a year-on-year decrease of 219.52%.
The reporter noted that Jiu'an's main business income is divided into three parts: iHealth series product revenue, self-owned brand product income and ODM/OEM product income. Although the company's overall sales revenue is basically the same as in 2013, the proportion of revenue of the above three types of products is changing.
From the perspective of revenue, iHealth series products continued to grow rapidly in Europe and the United States in 2014, an increase of 67.44% over 2013. The traditional independent brands are increasingly competitive due to the increasingly fierce competition between online and offline, with a year-on-year decline of 22.63%; ODM/OEM product sales revenue It grew by 4.2% year-on-year, with little change. From the perspective of gross profit margin, ODM/OEM products have the lowest, 12.44%; iHealth series products have the highest, reaching 52.56%.
Jiu'an Medical put forward that “the future will continue to build a complete mobile internet economy ecosystemâ€. In September last year, it introduced a $25 million investment in Xiaomi. Liu Yi said that in the past, iHealth was only testing water sales in China. The sales volume in China was basically “zeroâ€. The cooperation with Xiaomi was the signal that iHealth officially entered the Chinese market.
Liu Yi said that mobile Internet+ is the opportunity for transformation. The transformation logic is based on selling hardware as a cut-off, accumulating sufficient users to form a supporting health and medical service system, and finally creating “hardware + application (APP)+ Cloud's personal health management platform.
According to a research report released by Transparency Market Research, the global market for wearable mobile health devices in 2012 will be 2 billion US dollars, and will reach 5.8 billion US dollars by 2019, with a compound annual growth rate of 16.4%. Faced with the current fragmented market structure of the mobile medical industry, some analysts said that fierce competition is conducive to product innovation, and the market may form an oligopoly in the future.
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