根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 客户端 毛戈平（01318）盘初涨超5%，截至发稿，股价上涨4.49%，现报91.90港元，成交额7749.84万港元。 毛戈平发布公告称，近日公司与L Catterton Asia Advisors（路威凯腾）签订了战略合作框架协议。根据 该协议，双方将在全球市场扩张、收购及战略投资、资本结构优化、人才引进与治理等方面达成合作意 向。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 毛戈平（01318）盘初涨超5%，截至发稿，股价上涨4.49%，现报91.90港元，成交额7749.84万港元。 毛戈平发布公告称，近日公司与L Catterton Asia Advisors（路威凯腾）签订了战略合作框架协议。根据 该协议，双方将在全球市场扩张、收购及战略投资、 ...

消息面上，毛戈平发布公告称，近日公司与L Catterton Asia Advisors(路威凯腾)签订了战略合作框架协 议。根据该协议，双方将在全球市场扩张、收购及战略投资、资本结构优化、人才引进与治理等方面达 成合作意向。 毛戈平(01318)再涨超5%，截至发稿，涨4.78%，报92.15港元，成交额6267.43万港元。 根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 ...

消息面上，毛戈平发布公告称，近日公司与L Catterton Asia Advisors（路威凯腾）签订了战略合作框架 协议。根据该协议，双方将在全球市场扩张、收购及战略投资、资本结构优化、人才引进与治理等方面 达成合作意向。 根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 智通财经APP获悉，毛戈平(01318)再涨超5%，截至发稿，涨4.78%，报92.15港元，成交额6267.43万港 元。 ...

Core Viewpoint - The founder of MAOGEPING, Mao Geping, along with family members and executives, plans to sell up to 17.2 million H-shares, representing 3.51% of the company's total issued shares, due to personal financial needs. The proceeds, estimated at approximately HKD 1.513 billion, will be used for investments in the beauty industry and personal improvements [2]. Group 1: Company Performance - MAOGEPING's stock price peaked at HKD 130.6 shortly after its listing, but has since declined, with a current market capitalization of HKD 43.112 billion, down approximately HKD 19.3 billion from its peak [4]. - For the first half of 2025, MAOGEPING reported revenue of HKD 2.588 billion, a year-on-year increase of 31.3%, and net profit rose by 36.1% to HKD 670 million [4]. - Makeup products contributed 55% of total revenue, amounting to HKD 1.422 billion, with a year-on-year growth of 31.1% [4]. Group 2: Product Performance - The base makeup category continues to perform strongly, with individual products like the luxury caviar cushion and soft-focus powder each exceeding HKD 200 million in retail sales [5]. - In the first half of 2025, MAOGEPING sold nearly 9.06 million makeup items, a 36.8% increase year-on-year, although the average selling price decreased from HKD 163.8 to HKD 157, a drop of over 4% [7]. Group 3: Financial Metrics - Skincare product revenue grew by 33.4% to HKD 1.087 billion, accounting for 42% of total revenue, while the new fragrance line contributed HKD 11 million, representing 0.4% [8]. - Marketing expenses significantly impacted profitability, with sales and distribution expenses reaching HKD 1.169 billion, representing 45% of sales. Marketing and promotional costs increased by 24% to HKD 540 million [9]. - Research and development costs decreased to HKD 15 million, with a corresponding R&D cost rate of 0.6%, down 0.2 percentage points year-on-year [10].

Group 1 - The core point of the article is that Mao Geping Cosmetics Co., Ltd. plans to reduce its shareholding, with the family set to cash out over 1 billion yuan [1] - The announcement states that the shareholder intends to sell part of their shares due to personal financial needs, with proceeds aimed at investments in the beauty-related industry and improving personal living conditions [1]

Core Viewpoint - The announcement from Maogeping (01318.HK) regarding the planned share reduction by its major shareholders has attracted significant market attention, with a total of up to 17.2 million H-shares, representing 3.51% of the company's total issued shares, to be sold within six months [1][4]. Shareholder Reduction Plan - The shareholders involved in the reduction include Maogeping, his spouse Wang Liqun, and other family members, as well as a core executive, Song Hongquan [2]. - The reason for the share reduction is stated as personal financial needs, with proceeds intended for investments in the beauty industry and personal lifestyle improvements [3]. Market Reaction - Despite the announcement of the share reduction, Maogeping's stock price increased by 7.26% on January 7, closing at HKD 87.95, with a total market capitalization of HKD 431 billion [4]. Company Background - Maogeping has had a tumultuous journey in the capital markets, with multiple attempts to go public, including an A-share IPO application in 2016 and a successful listing on the Hong Kong Stock Exchange in December 2024 at an issue price of HKD 29.80 per share [5][6]. - The IPO was highly successful, with total subscription amounting to HKD 173.814 billion, making it the "frozen capital king" of 2024 [6]. Financial Performance - The company has shown robust financial growth, with total revenue increasing from CNY 1.577 billion in 2021 to CNY 2.886 billion in 2023, representing a compound annual growth rate (CAGR) of 35.3% [6]. - Net profit also grew from CNY 331 million in 2021 to CNY 664 million in 2023, with a CAGR of 41.6% [6]. - In its first year post-IPO (2024), the company achieved revenue of CNY 3.885 billion, a year-on-year increase of 34.6%, and a net profit of CNY 881 million, up 32.8% [6]. - For the first half of 2025, the company reported revenue of CNY 2.588 billion, a 31.3% increase year-on-year, and a net profit of CNY 670 million, growing by 36.1% [6].

Core Viewpoint - The announcement from Maogeping (01318.HK) regarding the planned share reduction by major shareholders has attracted significant market attention, indicating potential shifts in investor sentiment and company dynamics [1][5]. Shareholder Reduction Plan - Six major shareholders, including the founder and family members, plan to reduce their holdings by up to 17.2 million shares, representing 3.51% of the total issued shares, primarily through block trades within six months of the announcement [1][3]. - The reason for the reduction is stated as personal financial needs, with proceeds intended for investments in the beauty industry and personal lifestyle improvements [4]. Market Reaction - Despite the planned share reduction, Maogeping's stock price increased by 7.26% on January 7, closing at 87.95 HKD per share, with a total market capitalization of 431 billion HKD [5]. Company Background and IPO Journey - Maogeping's journey to the capital market has been complex, with multiple attempts at IPO since 2016, including a recent successful listing on the Hong Kong Stock Exchange on December 10, 2024, at an issue price of 29.80 HKD per share [6][7]. - The IPO attracted a total subscription amount of 173.814 billion HKD, making it the "frozen capital king" of 2024 in the Hong Kong market [7]. Financial Performance - The company has shown robust financial growth, with total revenue increasing from 1.577 billion CNY in 2021 to 2.886 billion CNY in 2023, reflecting a compound annual growth rate (CAGR) of 35.3% [7]. - Net profit also grew from 331 million CNY in 2021 to 664 million CNY in 2023, with a CAGR of 41.6% [7]. - In the first year post-IPO (2024), revenue reached 3.885 billion CNY, a year-on-year increase of 34.6%, and net profit was 881 million CNY, up 32.8% [7]. - For the first half of 2025, revenue was 2.588 billion CNY, a 31.3% increase year-on-year, with net profit at 670 million CNY, growing by 36.1% [7].

Core Viewpoint - The announcement by Maogeping (01318.HK) regarding the planned share reduction by its major shareholders has attracted significant market attention, with a total of up to 17.2 million shares, representing 3.51% of the company's issued shares, to be sold within six months [1][5]. Group 1: Shareholder Information - The shareholders involved in the reduction include Maogeping, his spouse Wang Liqun, and his sisters, along with a core executive, Song Hongquan [2][3]. - The reason for the share reduction is stated as personal financial needs, with proceeds intended for investments in the beauty industry and personal living improvements [5]. Group 2: Market Reaction - Despite the planned share reduction, Maogeping's stock price increased by 7.26% on January 7, closing at 87.95 HKD per share, with a total market capitalization of 431 billion HKD [6]. Group 3: Company Background and Performance - Maogeping's journey in the capital market has been tumultuous, with multiple attempts at IPO since 2016, culminating in a successful listing on the Hong Kong Stock Exchange on December 10, 2024, at an issue price of 29.80 HKD per share [7][8]. - The company has two main beauty brands, MAOGEPING and Zhi Ai Zhong Sheng, and has expanded into makeup artistry training, with nine institutions established nationwide by mid-2025 [8]. - Recent financial performance shows steady growth, with total revenue increasing from 15.77 billion CNY in 2021 to 28.86 billion CNY in 2023, reflecting a compound annual growth rate (CAGR) of 35.3%, and net profit rising from 3.31 billion CNY to 6.64 billion CNY during the same period, with a CAGR of 41.6% [8]. - In its first year post-IPO (2024), the company achieved revenue of 38.85 billion CNY, a year-on-year increase of 34.6%, and a net profit of 8.81 billion CNY, up 32.8% [9]. - For the first half of 2025, the company reported revenue of 25.88 billion CNY, a 31.3% increase year-on-year, and a net profit of 6.70 billion CNY, reflecting a 36.1% growth [10].

Core Viewpoint - The MGP family plans to collectively reduce their holdings in the Hong Kong-listed company MAOGEPING, following a significant increase in stock price since its IPO, with a total value of approximately HKD 14.10 billion for the planned share reduction [1][4][20]. Group 1: Share Reduction Details - The controlling shareholders and executive directors, including Mao Geping and several family members, intend to reduce their holdings by up to 17.2 million shares, representing 3.51% of the total issued shares [4][8]. - The reduction will primarily occur through block trades within six months from the announcement date, with the timing dependent on market conditions [4][12]. - This marks the first large-scale reduction by shareholders since the company's listing, which is a rare occurrence among leading domestic beauty brands [7][8]. Group 2: Financial Implications - The funds from the share reduction are intended for personal financial needs and investments in the beauty-related industry chain, indicating a diversification of personal wealth and potential reinvestment into the business [13][20]. - The company has seen a significant increase in sales and marketing expenses, with a 24.8% year-on-year rise in sales and distribution costs, which reached HKD 1.169 billion, accounting for 45.2% of total revenue [20][23]. Group 3: Strategic Considerations - The reduction may be viewed as a strategy to optimize the ownership structure, allowing for potential future investments from strategic investors while maintaining control with approximately 63.8% of shares post-reduction [19][20]. - The company is exploring vertical and horizontal expansions, including the development of new product lines and potential entry into overseas markets, which could be funded by the proceeds from the share reduction [14][16][24].

Core Viewpoint - The company Mao Geping (01318) has signed a strategic cooperation framework agreement with L Catterton Asia Advisors to enhance global market expansion, acquisitions, strategic investments, capital structure optimization, talent acquisition, and governance [1][2]. Group 1: Strategic Cooperation - The agreement aims to leverage L Catterton's global investment network to assist the company in expanding its high-end retail channels overseas [1]. - Both parties plan to establish a private equity investment fund focused on the global high-end beauty sector to inject new momentum into the company's long-term development [1]. - The framework agreement serves as a guiding strategic document, with final cooperation agreements to be signed based on applicable laws and regulations [1]. Group 2: L Catterton Overview - L Catterton is a leading global consumer investment firm managing approximately $39 billion in equity capital across private equity, credit, and real estate platforms [2]. - The firm has a comprehensive investment capability across the entire consumer industry lifecycle, with individual investments ranging from $5 million to $5 billion [2]. - Since its establishment in 1989, L Catterton has invested in over 300 globally recognized consumer brands, leveraging deep industry insights and a broad strategic resource network [2]. Group 3: Alignment with Company Goals - The strategic cooperation aligns with the company's long-term development goals and business strategies, aiming for resource and expertise complementarity for mutual benefit and growth [2].