Core Viewpoint - The article highlights the strong performance and growth potential of the beauty company, Shiseido Holdings (上美股份), driven by a multi-brand strategy, innovative product development, and a comprehensive sales channel approach, amidst a rising trend of young consumers prioritizing experience and value in their purchasing decisions [1][2][12]. Financial Performance - In the first half of 2025, Shiseido Holdings reported total revenue of approximately 4.108 billion RMB, a year-on-year increase of 17.3% [2] - The net profit reached about 555.6 million RMB, up 34.7% compared to the previous year, with a gross profit of approximately 3.102 billion RMB, reflecting a 15.8% increase [2] - The gross margin improved to 75.5%, marking a 1.7 percentage point increase from the previous period, indicating high-quality core business development [2] Multi-Brand Strategy - The company's strong performance is attributed to its deepening multi-brand strategy, with its main brand, Han Shu (韩束), achieving revenue of approximately 3.344 billion RMB, a 14.3% increase year-on-year [3] - Han Shu's star product, the Red Waist series, sold over 15 million units, establishing itself as a national skincare staple, while the X Peptide Super Frequency series surpassed 200 million RMB in sales [3][5] - The brand has successfully expanded into various product categories, achieving top sales in body lotion, shampoo, masks, and facial cleansers, transitioning from a facial skincare brand to a comprehensive care expert [3][5] Emerging Brands - The emerging brand, Newpage (一页), demonstrated significant growth, with revenue of 397 million RMB, a remarkable 146.5% increase year-on-year, and online sales exceeding the total for 2024 [5][6] - Newpage's flagship product, the Baby Comfort Cream, sold 330,000 units during the 618 shopping festival, ranking first in the Tmall and Douyin categories for baby creams [6] Sales Channels - The company has established a robust omnichannel sales strategy, with Han Shu ranking first in GMV on Douyin in the first half of 2025, contributing to significant growth across various e-commerce platforms [11] - This comprehensive sales ecosystem reflects the company's deep understanding of consumer behavior and market trends, enhancing brand loyalty and driving high potential across its product lines [11] Research and Development - Shiseido Holdings invested over 103 million RMB in R&D in the first half of 2025, a 31.7% increase year-on-year, resulting in nearly 200 patents and publications in global core journals [12][13] - The establishment of the "Han Shu Translational Medicine Fund" signifies the company's commitment to integrating academic and medical resources to accelerate product innovation [13] International Expansion - The company is actively pursuing international growth, particularly in Southeast Asia, aiming to enhance its global brand presence and transition from a "Chinese brand" to a "global brand" [14] - This strategic move is expected to open new growth avenues and increase the company's international influence [14] Conclusion - The impressive performance of Shiseido Holdings in the first half of 2025 is a result of its deepened multi-brand strategy, enhanced product capabilities, and optimized channel efficiency, positioning it as a key player in the domestic beauty market [14]

其中，韩束品牌对集团收入的贡献为33.44亿元人民币，较2024年上半年(29.27亿元人民币)增长14.3%。 这主要归因于韩束品牌的整体升级、品类扩充以及各渠道的持续增长。 上美股份公布截至2025年6月30日止六个月的中期业绩。报告期内，公司实现收入41.08亿元人民币，同 比增长17.29%；股东应占溢利为5.24亿元人民币，同比增长30.65%；每股基本盈利为1.32元人民币。公 司拟派发中期股息每股0.5元人民币。 在2025年上半年，韩束在线上渠道保持美妆行业的领先地位，尤其在抖音平台，其总成交额(GMV)月均 排名美妆品牌第一，并荣获"抖音电商护肤品牌总榜H1"第一名。 ...

于2025年8月28日，董事会已获得公司提名委员会建议，决议提名周蔚女士为第二届董事会执行董事的 候选人。 上美股份(02145)公布，孙昊先生已获委任为董事会秘书，自2025年8月28日起生效，任期与本届董事会 相同。 此外，董事会近日收到非执行董事李寒穷女士基于个人规划考虑的辞职申请，辞任自公告之日起生效。 ...

此外，董事会近日收到非执行董事李寒穷女士基于个人规划考虑的辞职申请，辞任自公告之日起生效。 智通财经APP讯，上美股份(02145)公布，孙昊先生已获委任为董事会秘书，自2025年8月28日起生效， 任期与本届董事会相同。 于2025年8月28日，董事会已获得公司提名委员会建议，决议提名周蔚女士为第二届董事会执行董事的 候选人。 ...

Core Insights - The company reported a revenue of 4.108 billion yuan for the first half of 2025, representing a year-on-year growth of 17.3% [1] - Net profit reached 556 million yuan, showing a year-on-year increase of 34.7% [1] - Gross profit was 3.102 billion yuan, with a year-on-year growth of 15.8% and a gross margin increase of 1.7 percentage points to 75.5% [1] Revenue Breakdown - The main brand, Han Shu, achieved a revenue of 3.344 billion yuan, reflecting a year-on-year growth of 14.3% [1] - Han Shu ranked first in GMV among beauty brands on Douyin, and also topped the overall skincare brand list on Douyin for the first half of the year [1] - The super product, Han Shu Red Waist, sold over 15 million units across all channels [1] - The second growth curve, Newpage, experienced exponential growth with a revenue of 397 million yuan, marking a year-on-year increase of 146.5% [1] R&D Investment - The company invested over 103 million yuan in R&D during the first half of the year, which is a year-on-year increase of 31.7% [1] - The company holds nearly 200 patent achievements and has published in over 40 global core journals [1] - The company is enhancing its global technological influence in the beauty industry through a "research-industry-regulation" integrated ecological layout [1]

Core Viewpoint - The company reported a significant increase in revenue and profit for the first half of 2025, driven by brand upgrades and channel growth [1] Financial Performance - The company achieved a revenue of 4.108 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 17.29% [1] - Shareholder profit attributable to the company was 524 million RMB, reflecting a year-on-year increase of 30.65% [1] - Basic earnings per share were reported at 1.32 RMB, with an interim dividend proposed at 0.5 RMB per share [1] Brand Performance - The brand "韩束" contributed 3.344 billion RMB to the group's revenue in the first half of 2025, up 14.3% from 2.927 billion RMB in the first half of 2024 [1] - The revenue growth was attributed to overall brand upgrades and the expansion of product categories, along with sustained growth across various channels [1] - 韩束 maintained its leading position in the online beauty industry, ranking first in total transaction value (GMV) among beauty brands on the Douyin platform each month [1] - 韩束 achieved the top position in the "Douyin E-commerce Skincare Brand Overall Ranking H1" [1]

上美股份(02145)发布截至2025年6月30日止六个月中期业绩，收入41.08亿元(人民币，下同)，同比增加 17.29%;股东应占溢利5.24亿元，同比增加30.65%;每股基本盈利1.32元;拟派发中期股息每股0.5元。 公告称，2025年上半年，韩束应占集团的收入为33.44亿元，相比2024年上半年的29.27亿元增加 14.3%，主要是由于韩束品牌的整体升级和扩充品类带来的收入增长，及各渠道收入持续增长。 2025年上半年，韩束继续保持线上渠道美妆行业的领先地位。2025年上半年，韩束在抖音平台总成交额 (GMV)每月均位居美妆品牌第一，并取得"抖音电商护肤品牌总榜H1"第一的亮眼成绩。 ...

Core Viewpoint - The company has entered into a leasing agreement with an independent third party for office and research purposes, indicating a strategic move to enhance its operational capabilities and facilities [1] Group 1: Leasing Agreement Details - The company has agreed to lease a property located at 710 Yishan Road, Shanghai, specifically building 4, floors 3-20 [1] - The lease term is set from February 16, 2026, to February 15, 2035, covering a total of nine years [1]

智通财经APP讯，上美股份(02145)发布公告，本集团(作为租户)已与独立第三方上海天宇实宏企业发展 有限公司(作为业主)订立租赁协议。根据租赁协议，本集团同意租赁该物业(上海宜山路710号XH221-01 地块4号楼3-20楼)，租期自2026年2月16日至2035年2月15日(包括首尾两日)，作办公及研究用途。 ...

董事名單與其角色及職能 上海上美化妝品股份有限公司董事（「董事」）會（「董事會」）成員載列如下： 執行董事 呂義雄先生 （董事長、執行董事兼首席執行官） 羅燕女士 馮一峰先生 宋洋女士 非執行董事 Shanghai Chicmax Cosmetic Co., Ltd. 上海上美化妝品股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2145） 獨立非執行董事 梁浩新先生 羅妍女士 李洋先生 董事會設有三個委員會。下表列出各董事在該等委員會中所擔任的職位。 | | 董事委員會 | | | | --- | --- | --- | --- | | 董事 | 審計委員會 薪酬與考核委員會 | | 提名委員會 | | 呂義雄先生 | | M | C | | 羅燕女士 | | | | | 馮一峰先生 | | | | | 宋洋女士 | | | | | 孫昊先生 | | | | | 梁浩新先生 | C | | | | 羅妍女士 | M | C | M | | 李洋先生 | M | M | M | 附註： C 代表有關委員會的主席 M 代表有關委員會的成員 中國上海，2025年8月28日 孫昊先生 ...