上美股份(2145.HK)盘初一度涨超11%，报90.9港元，股价创出历史新高，市值突破360亿港元。该股年内累计最大涨幅达164%。 消息面上，上美股份昨晚发盈喜，预计2025年上半年营收40.9亿-41.1亿元，同比增长16.8%-17.3%；预计净利润5.4亿-5.6亿元，同比大幅增长 30.9%-35.8%，展现出强劲的盈利能力和持续增长态势。公告表明，上美股份营收及净利润增加或主要来自于主力品牌韩束全渠道、多品类的布局带来的 收入持续增长，及第二增长曲线newpage一页的收入同比大幅提升。 ...

Group 1 - Angelalign (06699) opened nearly 19% higher after a positive earnings forecast, driven by strategic price adjustments in its core Chinese business and continued growth in revenue outside China [1] - Songjing Technology (01079) resumed trading with an opening increase of over 40% [1] - Jingtai Holdings (02228) opened more than 9% higher after announcing a significant partnership with DoveTree, valued at approximately HKD 47 billion (USD 5.99 billion) for AI pharmaceutical development [1] Group 2 - Shunmei Co., Ltd. (02145) saw an early morning increase of over 5%, projecting a revenue of RMB 4.09 billion to RMB 4.11 billion for the first half of 2025, a year-on-year growth of 16.8%-17.3% [2] - Nine Dragons Paper (02689) rose over 10% following the successful commissioning of its PM56 production line, which can produce 250,000 tons of high-grade cultural paper annually [2] Group 3 - Giant Star Legend (06683) increased over 1% after announcing a collaboration with Jiushi Wen Chuan for a large-scale IP and cultural tourism project in Shanghai [3] - South Manganese Industry (01091) surged over 15%, expecting to turn a profit of at least HKD 150 million in the first half of 2025, compared to a loss of HKD 162.8 million in the same period of 2024 [3] Group 4 - China Shenhua (01088) rose over 3% after announcing plans to acquire significant assets from its controlling shareholder, which would enhance its coal production capacity by 74.5% [4] - Boya Interactive (00434) fell over 6% due to a profit warning, expecting a decrease of approximately 25%-35% in profit for the first half of 2025 compared to the same period in 2024 [4] Group 5 - Wuling Motors (00305) increased over 9% after announcing a projected net profit of approximately RMB 84 million for the first half of 2025, a significant increase from RMB 21.125 million in the same period of 2024 [5] Group 6 - Hims & Hers Health (HIMS.US) dropped 12.36% after reporting second-quarter sales of USD 545 million, below market expectations [6] - Palantir (PLTR.US) rose 7.85% after reporting second-quarter revenue of over USD 1 billion, a 48% year-on-year increase [6] Group 7 - Futu Holdings (FUTU.US) increased by 2.82% after UBS raised its target price, citing strong expected performance in the second quarter [7] - Daqo New Energy (DQ.US) rose 3.68% as market signals indicated positive changes in the photovoltaic polysilicon sector [7] Group 8 - Li Auto (LI.US) saw a slight increase in stock price after announcing adjustments to its electric vehicle model pricing [8] - Vertex Pharmaceuticals (VRTX.US) fell 20.60% after failing to meet key endpoints in a clinical trial [8] Group 9 - Chinese gaming stocks collectively rose, with Bilibili (BILI.US) up 2.07% following a report indicating a 14.08% year-on-year increase in the domestic gaming market [9] Group 10 - Taiwan Semiconductor Manufacturing Company (TSM.US) fell 2.70% amid reports of a potential technology leak involving its 2nm chip process [9] - Advanced Micro Devices (AMD.US) decreased by 1.40% despite reporting a 32% year-on-year revenue increase for the second quarter [10]

Core Viewpoint - The company has raised its profit forecast for 2025-2026 by 13% to 11.3 billion and 13.9 billion yuan, respectively, due to the continuous release of brand potential and enhanced competitive advantages [1] Group 1: Revenue Growth - The multi-category layout of the Han Shu brand and the sustained high growth of Newpage have driven rapid revenue growth in the first half of 2025, with expected revenue of 40.9-41.1 billion yuan, representing a year-on-year increase of 16.8%-17.3% [2] - Newpage's GMV on major platforms like Tmall, Douyin, and JD.com has increased by over 140% year-on-year in the first half of 2025, following a strategic upgrade to cover a full age range for skincare [2] Group 2: Profit Margin Improvement - The optimization of the channel structure and the increase in the proportion of high-profit brands have led to a profit margin improvement in the first half of 2025, with an expected net profit of 5.4-5.6 billion yuan, reflecting a year-on-year increase of 30.9%-35.8% [3] - The proportion of self-broadcasting and product card GMV on Douyin has increased, contributing to a profit margin improvement, with the overall profit margin expected to rise by 1.6 percentage points to 13.4% [3] Group 3: Brand Expansion Strategy - The company plans to continue expanding its brand matrix, having launched new brands in May and August, with further launches planned for the second half of 2025 [4] - The long-term strategy includes focusing on six major brands across skincare, hair care, and maternal and infant products, aiming for significant growth in the cosmetics sector over the next decade [4]

Core Viewpoint - Up Beauty Co., Ltd. (02145) experienced a significant stock increase of over 7%, reaching HKD 87.65, following the positive profit forecast for the first half of 2025 [1] Financial Performance - For the first half of 2025, Up Beauty expects revenue between RMB 4.09 billion and RMB 4.11 billion, representing a year-on-year growth of 16.8% to 17.3% [1] - The net profit is projected to be between RMB 540 million and RMB 560 million, showing a substantial year-on-year increase of 30.9% to 35.8% [1] Brand Performance - The revenue growth is primarily attributed to the main brand, Han Shu, which has a multi-channel and multi-category strategy [1] - The new growth curve from the brand "newpage" has also significantly contributed to the revenue increase [1] Market Position - Han Shu achieved a GMV of over RMB 3.63 billion in the Douyin channel from January to June, maintaining its position as the top seller in the beauty category on Douyin for 2023-2024 [1] - In the maternal and infant skincare sector, Up Beauty continues to solidify its industry-leading position through its dual-brand strategy with "newpage" and "Red Elephant" [1]

Core Viewpoint - The company is expected to see continued growth in brand strength and competitive advantages, leading to an upward revision of net profit forecasts for 2025-2026 by 13% to 1.13 billion and 1.39 billion yuan respectively, with a target price increase of 15% to 98 HKD, indicating a potential upside of 20% [1] Group 1 - The multi-channel and multi-category layout of the Han Shu brand, along with the sustained high growth of Newpage, is driving rapid revenue growth for the first half of 2025, with Han Shu's product lines diversifying and the contribution from men's skincare and makeup increasing to nearly 10% [2] - The optimization of channel structure and the increase in the proportion of high-margin brands are contributing to a better-than-expected profit margin for the first half of 2025, with the overall profit margin improving by 1.6 percentage points to 13.4% [3] Group 2 - The company is expected to continue expanding its brand matrix, with new brands launched in May and August, and plans to introduce additional brands in the second half of 2025, indicating a strong growth potential in the multi-brand and multi-category cosmetics sector [4]

Core Viewpoint - The company, Up Beauty Co., Ltd. (上美股份), has released a positive profit forecast for the first half of 2025, indicating significant growth in both revenue and net profit [1] Financial Performance - For the first half of 2025, the company expects revenue to be between 4.09 billion to 4.11 billion RMB, representing a year-on-year growth of 16.8% to 17.3% [1] - The net profit is projected to reach between 540 million to 560 million RMB, showing a substantial year-on-year increase of 30.9% to 35.8% [1] Brand Performance - The revenue growth is primarily attributed to the main brand, Han Shu (韩束), which has a multi-channel and multi-category strategy that continues to drive income [1] - The new growth curve, New Page (newpage一页), has also significantly contributed to revenue, showing a substantial year-on-year increase [1] Market Position - According to the latest data, Han Shu's GMV on Douyin (抖音) exceeded 3.63 billion RMB from January to June, maintaining its position as the top seller in the beauty category on the platform for 2023-2024 [1] - In the maternal and infant skincare sector, the company continues to solidify its leading position through its dual-brand strategy with New Page and Red Elephant (红色小象) [1]

Core Viewpoint - Up Beauty Co., Ltd. (02145) experienced a significant stock increase of over 7%, reaching HKD 87.65, following the positive profit forecast for the first half of 2025 [1] Financial Performance - For the first half of 2025, the company expects revenue between RMB 4.09 billion and RMB 4.11 billion, representing a year-on-year growth of 16.8% to 17.3% [1] - The net profit is projected to be between RMB 540 million and RMB 560 million, showing a substantial year-on-year increase of 30.9% to 35.8% [1] Brand Performance - The revenue growth is primarily attributed to the main brand, Han Shu, which has a comprehensive and multi-category layout contributing to sustained income growth [1] - The new growth curve, New Page, has also seen a significant year-on-year revenue increase [1] Market Position - According to the latest data, Han Shu's GMV on Douyin for the first half of the year surpassed RMB 3.63 billion, maintaining its position as the top seller in the beauty category on the platform for 2023-2024 [1] - In the mother and baby skincare sector, Up Beauty Co., Ltd. continues to solidify its industry-leading position through its dual-brand strategy with New Page and Red Elephant [1]

Group 1 - The performance growth is primarily attributed to the multi-channel and multi-category layout of the Han Shu brand and the significant revenue increase from Newpage [1] - The company continues to implement a "single focus, multiple brands, globalization" strategy, establishing a multi-brand matrix consisting of "Han Shu + Newpage + Nth Curve Brands" [1] - The main brand Han Shu achieved a GMV of 3.63 billion yuan on Douyin, maintaining the top position in the beauty sales ranking on the platform, with product breakthroughs in various categories such as Hong Man Yao, Bai Man Yao, X Peptide series, and secondary throwaway products [1] Group 2 - The professional skincare brand An Min You has entered the sensitive skin market with the "Qinghao Oil AN+" ingredient, enhancing the professional skincare portfolio [1] - The company's layout in the hair care sector includes brands like Ji Fang and Han Shu Hair Care, precisely targeting the "functional hair care" and "scalp anti-aging" niche markets [1] Group 3 - The company expects its net profit for the first half of 2025 to be between 540 million yuan and 560 million yuan, representing a year-on-year growth of 30.9% to 35.8% [3] - The expected revenue for the company is between 4.09 billion yuan and 4.11 billion yuan, with a year-on-year growth of 16.8% to 17.3% [3]

北京商报讯（记者 张君花）8月5日，上美股份发布半年度正面盈利预告称，预计截至2025年6月30日止 六个月内，公司收入约为40.9亿元至41.1亿元，较去年同期增长约16.8%至17.3%；净利润约为5.4亿元至 5.6亿元，较去年同期增长约30.9%至35.8%。收入和利润的增长主要归因于科学抗衰护肤品牌的全渠道 多品类布局以及婴童功效护肤品牌的收入大幅增长。 ...

Core Viewpoint - Shanghai Shangmei Cosmetics Co., Ltd. (02145) has released a positive profit forecast for the first half of 2025, indicating strong revenue and net profit growth driven by its main brand Han Shu and the second growth curve brand New Page [1][2][4] Group 1: Financial Performance - For the first half of 2025, the company expects revenue to be between RMB 4.09 billion and RMB 4.11 billion, representing a year-on-year growth of 16.8% to 17.3% [1] - The net profit is projected to reach between RMB 540 million and RMB 560 million, showing a significant year-on-year increase of 30.9% to 35.8% [1] Group 2: Brand Strategy - The company is advancing a "single focus, multi-brand, globalization" strategy, creating a multi-brand matrix that includes the main brand Han Shu and the second curve brand New Page, achieving comprehensive layout across multiple categories and price ranges [2][12] - Han Shu has achieved a breakthrough in all-channel growth, with GMV on Douyin exceeding RMB 3.63 billion in the first half of 2025, maintaining its position as the top beauty brand on the platform [4][12] Group 3: Product Innovation - The Han Shu brand has successfully launched popular products, such as the Hong Man Yao series, which sold over 14 million sets, and the Bai Man Yao series, which continues to grow in the whitening market [4][9] - New Page has shown strong growth since its launch in 2022, with a strategic upgrade targeting "effective skincare for all ages" and achieving a sales increase of 106% during the 618 shopping festival [6][12] Group 4: Competitive Advantage - The An Min You brand targets the sensitive skin segment, utilizing innovative ingredients like Qinghao Oil AN+ to provide gentle solutions, enhancing the company's competitive edge in professional skincare [9][12] - The company has established a complete innovation matrix in the hair care sector, focusing on functional hair care and scalp anti-aging products, driven by consumer demand [9][12] Group 5: Future Outlook - The company aims to achieve a strategic goal of RMB 30 billion by 2030, leveraging clear strategic planning and ongoing research investment to transition from following international brands to leading industry development [19]