Core Viewpoint - The stock price of MAOGEPING Cosmetics Co., Ltd. surged after the announcement of a planned share reduction by several executive directors, indicating market confidence despite the reduction [1][3]. Group 1: Share Reduction Announcement - On January 6, MAOGEPING announced that its controlling shareholder and executive directors plan to reduce their holdings by up to 17.2 million shares, representing 3.51% of the total issued shares [3]. - The intended reduction is primarily for personal financial needs and will be executed mainly through block trades over a six-month period [3]. - The estimated cash-out from this reduction, based on the closing price of HKD 82 per share, amounts to approximately HKD 1.41 billion [3]. Group 2: Market Reaction - Following the announcement, MAOGEPING's stock price increased by over 8% at one point, closing with a gain of 6.46% at HKD 87.30 per share, resulting in a market capitalization of HKD 42.793 billion [1][3]. - The controlled nature of the share reduction and the positive intended use of the proceeds are seen as factors that mitigate potential negative impacts on the stock price [4]. Group 3: Company Performance - For the first half of 2025, MAOGEPING reported revenue of RMB 2.588 billion, a year-on-year increase of 31.3%, and a net profit of RMB 670 million, up 36.1% [4]. - In 2024, the company achieved a revenue of RMB 3.885 billion, reflecting a growth of 34.61%, with a net profit of RMB 881 million, a 32.8% increase [4]. Group 4: Future Outlook - According to a report by Caitong Securities, MAOGEPING is expected to maintain a "buy" rating, with projected net profits for 2025 to 2027 of RMB 1.204 billion, RMB 1.583 billion, and RMB 2.025 billion, respectively, while maintaining a stable gross margin of around 84% [5].

每经1月7日北京电1月6日晚间，毛戈平化妆品股份有限公司（HK01318，以下简称毛戈平公司）发布减 持公告。公司控股股东及执行董事毛戈平、汪立群（毛戈平配偶）、执行董事毛霓萍（毛戈平姐姐）、 毛慧萍（毛戈平姐姐）、汪立华（汪立群弟弟）及宋虹佺基于自身财务需求，拟在减持预披露公告发布 之日起6个月内，主要通过大宗交易方式合计减持其所持有的公司H股股份数量不超过1720万股，即不 超过公司已发行股份总数的3.51%。公告称，股东系因自身财务需求拟减持其所持有的部分股份，减持 所得款用途包括但限于美妆相关产业链的投资、改善个人生活等。 毛戈平公司于2024年12月10日在港交所上市。2026年1月7日，毛戈平公司的股票以81.75港元/股开盘， 盘中涨超5%。即便按照80港元/股计算，1720万股也价值13.76亿港元，折合人民币超12亿元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The well-known domestic beauty brand Mao Geping (01318) announced a share reduction plan by its major shareholders, which may impact the company's stock performance and investor sentiment [1][4]. Group 1: Shareholder Actions - Major shareholders, including Mao Geping and others, plan to reduce their holdings by up to 17.2 million H-shares, representing no more than 3.51% of the total issued shares within six months from the announcement date [1]. - The reduction is driven by personal financial needs, with proceeds intended for investments in the beauty industry and personal living improvements [4]. Group 2: Financial Performance - For the first half of 2025, the company reported revenue of 2.588 billion RMB, a year-on-year increase of 31.28%, and a net profit attributable to shareholders of 670 million RMB, up 36.11% [4][5]. - The gross profit margin was 84.2%, slightly down from 84.9% in the previous year, but still high within the industry [4]. - Sales and distribution expenses increased by 24.8% to 1.169 billion RMB, accounting for 45.2% of total revenue, with marketing and promotion expenses exceeding 540 million RMB, growing over 20% year-on-year [4]. Group 3: Market Competition - The company faces intensified competition in the beauty industry, particularly in the professional makeup artist segment, with both foreign brands like Bobbi Brown and M.A.C and domestic companies increasing their presence [6]. - As of June 2025, the company's stock price peaked at 130 HKD per share, with a market capitalization exceeding 62.4 billion HKD, but has since declined to 82 HKD per share, resulting in a market value reduction of approximately 22.3 billion HKD [6].

内地化妆品公司毛戈平(01318.HK)发布公告，近日收到执行董事毛戈平、执行董事汪立群(毛戈平配偶)、执行董事毛霓萍(毛戈平的姐姐)、毛慧萍(毛戈平 的姐姐)、汪立华(毛戈平配偶的弟弟)、宋虹佺减持计划告知函，上述股东拟在未来6个月内主要通过大宗交易方式合计减持最多1720万H股，占总股本约 3.51%，以周二(1月6日)收市价82港元计，价值14.10亿港元。 | ■ＫＳＯ２.０Ｕ -0.75 -0.91% [2座所情 | | | 9284 球友关注 已收盘 01-06 16:08:15 北京时间 | | --- | --- | --- | --- | | 最高:83.75 | 今开:82.75 | 成交量: 235.67万股 | 换手:0.90% | | 最低: 81.10 | 昨收:82.75 | 成交额:1.93亿 | 振幅: 3.20% | | 52周最高: 130.60 | 量比:1.66 | 市盈率(动):27.39 | 市盈率(TTM): 35.21 | | 52周最低: 55.27 | 委比:55.56% | 市盈率(静):42.92 | 市净率:8.87 | | 每股收益:2.33 | ...

毛戈平(01318)发布公告，公司近日收到控股股东及执行董事毛戈平先生、汪立群女士、执行董事毛霓 萍女士、毛慧萍女士、汪立华先生及宋虹佺女士减持计划告知函，上述股东及其所控制的主体拟自本公 告披露之日起6个月内主要通过大宗交易方式合计减持其所持有的本公司H股股份数量不超过1720万 股，即不超过本公司已发行股份总数的3.51%。 ...

智通财经APP讯，毛戈平(01318)发布公告，公司近日收到控股股东及执行董事毛戈平先生、汪立群女 士、执行董事毛霓萍女士、毛慧萍女士、汪立华先生及宋虹佺女士减持计划告知函，上述股东及其所控 制的主体拟自本公告披露之日起6个月内主要通过大宗交易方式合计减持其所持有的本公司H股股份数 量不超过1720万股，即不超过本公司已发行股份总数的3.51%。 ...

（於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1318） 自願公告 控股股東及董事減持股份計劃 本 公 告 乃 由 毛 戈 平 化 妝 品 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」）自 願 作 出，以 將 本 公 司 控 股 股 東 及 董 事 所 持 本 公 司 股 份 減 持 計 劃 告 知 本 公 司 股 東 及 潛 在 投 資 者。 本 公 司 近 日 收 到 控 股 股 東 及 執 行 董 事 毛 戈 平 先 生、汪 立 群 女 士、執行董 事毛霓萍女士、毛慧萍女士、汪立華先生 及 宋虹佺女士減持計劃告知函， 上述股東及其所控制的主體擬自本公告披露之日起6個月內 主要通過 大 宗交易方式 合計減持其所持有的本公司H股 股 份（「H股」）數 量 不 超 過1,720 萬 股，即 不 超 過 本 公 司 已 發 行 股 份 總 數 的3.51%。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 ...

Group 1 - The top three companies with the highest short positions are Vanke Enterprises (02202), COSCO Shipping Holdings (01919), and Heng Rui Medicine (01276), with short ratios of 18.48%, 16.79%, and 15.54% respectively [1][2] - The companies with the largest absolute increase in short positions are CATL (03750), Lens Technology (06613), and UBTECH Robotics (09880), which increased by 2.35%, 2.34%, and 1.29% respectively [1][2] - The companies with the largest absolute decrease in short positions are Changfei Optical Fiber (06869), Mao Ge Ping (01318), and Meilan Airport (00357), which decreased by -1.26%, -0.68%, and -0.67% respectively [1][2] Group 2 - The latest short ratio for Vanke Enterprises (02202) is 18.48%, down from 19.04% previously [3] - The latest short ratio for COSCO Shipping Holdings (01919) is 16.79%, down from 16.79% previously [2] - The latest short ratio for Heng Rui Medicine (01276) is 15.54%, up from 3919.30 million shares to 4011.67 million shares [2]

Group 1 - The core viewpoint is that 毛戈平 is a rare high-end domestic brand, with expectations of net profit growth from 12.04 billion to 20.25 billion yuan from 2025 to 2027, corresponding to PE ratios of 32.9, 25.0, and 19.6 times respectively, indicating a strong long-term potential in high-end brand expansion and product innovation [1] - 毛戈平 is gradually stepping onto the global stage, with the recent opening of its first store in Hong Kong and a launch event that combines Eastern aesthetics with modern art, enhancing its international brand image and deepening global channel layout [1] - The establishment of 毛戈平 (Hainan) Trading Co., Ltd. in Haikou is seen as a strategic move for global expansion, supported by plans for a headquarters R&D base and overseas R&D centers to enhance product efficacy through proprietary formulas and collaboration with foreign research institutions [1] Group 2 - 毛戈平 Beauty Education has opened its tenth campus in Guangzhou, marking a significant step in the brand's strategic expansion in Southern China and strengthening regional resource integration and industrial collaboration [2] - A strategic agreement was signed with Zhejiang Arts to establish the 毛戈平 Industry College, merging the brand's mission of enhancing beauty for Chinese women with a commitment to local community development, adding a cultural dimension to its growth [2]

Group 1 - The core viewpoint of the report is that 毛戈平 (Mao Ge Ping) is a rare high-end domestic brand, with a successful entry into premium channels and an increase in brand repurchase rates, validating its high-end image upgrade [1] - The company is expected to achieve net profits attributable to shareholders of 1.204 billion, 1.583 billion, and 2.025 billion yuan for the years 2025-2027, corresponding to price-to-earnings ratios of 32.9, 25.0, and 19.6 times respectively [1] - The company maintains a long-term perspective and is optimistic about the potential for continuous expansion of quality channels and new product categories under the high-end brand barrier, maintaining a "buy" rating [1] Group 2 - 毛戈平 is gradually stepping onto the global stage, with the recent opening of its first store in Hong Kong and the launch of the "美承东方·光影无界" event, which integrates Eastern aesthetics with modern light and shadow art [2] - The establishment of 毛戈平 (Hainan) Trading Co., Ltd. in Haikou is seen as another strategic point for global expansion, with plans for a headquarters R&D base and overseas R&D center to enhance product efficacy [2] - The company has opened its tenth beauty education campus in Guangzhou, which is a key step in its brand strategy and resource integration in the South China economic center [3]