Core Viewpoint - The company, Urban Beauty (02298.HK), announced the granting of 14 million stock options to 23 employees as part of its stock option plan adopted on June 2, 2023, effective after the market closes on September 1, 2025 [1] Summary by Relevant Categories - **Company Announcement** - Urban Beauty has decided to grant 14 million stock options to a group of 23 employees [1] - This decision is part of the stock option plan that was adopted on June 2, 2023 [1] - The effective date for this grant is set for September 1, 2025, after market close [1] - **Employee Incentives** - The stock options are intended to incentivize and reward employees within the company [1] - This move reflects the company's strategy to align employee interests with shareholder value [1]

都市丽人(02298)发布公告，于2025年9月1日收市后，公司决议根据公司于2023年6月2日采纳的购股权 计划向集团23名雇员授出1400万份购股权，以认购公司股本中合共1400万股每股面值0.01美元的普通 股，占公司于本公告日期已发行股本总额的0.62%(库存股份除外)，惟须待彼等接纳后方可作实。授出 事项毋须经公司股东批准。 ...

Core Viewpoint - The company, Urban Beauty, announced the granting of 14 million stock options to 23 employees under its stock option plan adopted on June 2, 2023, which represents 0.62% of the total issued share capital as of the announcement date [1] Group 1 - The stock options will allow employees to subscribe to a total of 14 million ordinary shares with a par value of $0.01 each [1] - The granting of stock options does not require approval from the company's shareholders [1] - The options will only become effective upon acceptance by the employees [1]

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 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Cosmo Lady (China) Holdings Company Limited 都市麗人（中國 ）控股有限公司 （股份代號︰2298） （於開曼群島註冊成立的有限公司） 授出購股權 本 公 告 乃 由 都 市 麗 人（中 國）控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司「本 集 團」）根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）《證 券 上 市 規 則》（「《上 市 規 則》」）第 17.06A條 作 出。 授出購股權 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 宣 佈，於 二 零 二 五 年 九 月 一 日 收 市 後， 本 公 司 決 議 根 據 本 公 司 於 二 零 二 三 年 六 月 二 日 採 納 的 購 股 權 計 劃（「購股權計 劃」）向 本 集 團23名 僱 員（「承授人」 ...

Financial News - Dongguan Rural Commercial Bank reported a net profit decline of 22.22% year-on-year, with total revenue of RMB 5.501 billion, down 14.02% [2] - The bank's total assets increased to RMB 760.445 billion, a growth of 1.95%, with total deposits at RMB 532.364 billion, up 2.33% [2] Company Dynamics - Jie Rong Technology's losses expanded to RMB 197 million, despite a revenue increase of 46% to RMB 812 million [3] - Macro Technology's revenue fell by 19.32% to RMB 775 million, with net profit down 15.7% to RMB 53.56 million [4] - Huilun Crystal reported a loss of RMB 66.58 million, a staggering decline of 2679.4%, with revenue at RMB 267 million, down 7.1% [5] - Urban People saw a revenue drop to RMB 1.436 billion, down from RMB 1.514 billion, with a net profit decrease of approximately 30% [6] - Yian Technology plans to invest in a wholly-owned subsidiary in Mexico with a total investment of USD 50 million [7] - Yutong Optical intends to invest JPY 30 million to establish a wholly-owned subsidiary in Japan, focusing on optical product development and sales [8]

Core Insights - The core viewpoint of the article revolves around the successful transformation of Urban Beauty (都市丽人) through its "second entrepreneurship" strategy, leading to significant financial recovery and growth in e-commerce channels [1][7]. Financial Performance - In the first half of 2025, Urban Beauty achieved revenue of RMB 1.436 billion, with a profit attributable to shareholders of RMB 57.796 million, resulting in a basic earnings per share of RMB 0.027 [1]. - The e-commerce Gross Merchandise Volume (GMV) exceeded RMB 1.6 billion, marking a year-on-year increase of 243% [2]. E-commerce Growth - The e-commerce channel has transitioned from a supplementary role to a core growth driver, with expectations for the full year GMV to reach or exceed RMB 3.4 billion, and a target of RMB 5 billion by 2026 [1][2]. - Urban Beauty's implementation of a "joint venture e-commerce" model has significantly reduced channel costs while enhancing profit-sharing with major e-commerce platforms [2]. Brand and Product Strategy - Urban Beauty has deepened collaboration with partners to enhance market penetration and improve brand-channel synergy, optimizing the supply chain and product management [3][4]. - The company has developed a diverse product matrix catering to various consumer needs, with several products achieving sales exceeding one million units [3]. Market Positioning - Urban Beauty's main brand focuses on penetrating lower-tier markets, while its mid-to-high-end brand "Pure Cotton Living" has seen a 46% year-on-year growth in urban shopping center channels [5]. - The company aims for steady growth in offline channels while seeking greater breakthroughs online, emphasizing a customer-centric approach [6]. Strategic Resilience - The narrative of Urban Beauty's mid-2025 financial report illustrates a case study on navigating economic cycles, highlighting the importance of resilience in adapting to consumer trends and executing strategic transformations [7].

Core Insights - The core viewpoint of the article is that Urban Beauty's (都市丽人) mid-term financial report for 2025 reflects the company's successful "second entrepreneurship" strategy, showcasing significant growth in e-commerce and overall profitability [1][7]. Financial Performance - In the first half of 2025, Urban Beauty achieved revenue of RMB 1.436 billion, with a profit attributable to shareholders of RMB 57.796 million, resulting in a basic earnings per share of RMB 0.027 [1]. - The e-commerce Gross Merchandise Volume (GMV) exceeded RMB 1.6 billion, marking a year-on-year increase of 243% [2]. E-commerce Growth - The e-commerce channel has transitioned from a supplementary role to a core growth driver, with expectations for the full year GMV to reach or exceed RMB 3.4 billion, and a target of RMB 5 billion by 2026 [1][2]. - Urban Beauty's implementation of a "joint venture e-commerce" model has significantly reduced channel costs while enhancing brand and platform profit-sharing [2]. Supply Chain and Product Strategy - The company has deepened collaboration with partners to enhance market development and improve brand-channel synergy, alongside optimizing supply chain efficiency [3]. - Urban Beauty has focused on product quality management and consumer satisfaction, with several new products achieving significant sales [3][4]. Brand Strategy - Urban Beauty is strategically adjusting its brand matrix, with its main brand focusing on lower-tier markets and the mid-to-high-end brand "Pure Cotton Living" expanding into urban shopping centers, achieving a year-on-year growth of 46% [5]. Future Outlook - The CEO has outlined a vision for steady growth in offline channels while aiming for greater breakthroughs online, with expectations for continued high growth in the second half of 2025 [6]. - The financial report serves as a case study on how companies can navigate economic cycles, emphasizing resilience through strategic transformation and consumer-centric values [7].

Group 1 - The core viewpoint of the articles highlights the strong performance of Urban Beauty in the first half of 2025, with significant growth in revenue and net profit [1] - Urban Beauty achieved a revenue of 1.436 billion yuan and a net profit of 57.796 million yuan in the first half of 2025 [1] - The company's main business, intimate apparel, generated revenue of 1.289 billion yuan, reflecting a 2.3% increase compared to the second half of 2024, with a gross margin improvement to 49.6% [1] Group 2 - Urban Beauty's e-commerce segment showed remarkable growth, with a GMV exceeding 1.6 billion yuan, representing a 243% year-on-year increase [1] - The brand's performance on e-commerce platforms was notable, ranking in the top ten on Tmall and fourth in the lingerie category on JD [1] - The company has deepened its collaboration with partners to enhance market expansion and improve brand-channel synergy [1] Group 3 - Urban Beauty is focusing on supply chain optimization by sharing resources and evaluating suppliers to enhance efficiency [1] - The company is committed to product innovation, launching the "Goddess Cup" lingerie, which won multiple design awards [1] - In 2025, Urban Beauty signed prominent athletes as brand ambassadors and engaged in various marketing activities to strengthen its brand presence [2] Group 4 - The brand has invested in advertising across approximately 180 high-speed railway stations and 50 key urban areas to enhance brand recognition [2] - Urban Beauty's marketing efforts aim to solidify its position as a leading national lingerie brand [2]

Core Viewpoint - Under the backdrop of nationwide consumption downgrade, the lingerie company Urban Revivo (02298.HK) has achieved rapid growth in its e-commerce business, with a focus on maintaining steady offline development and significant breakthroughs online in the next three years (2025-2027) [1][2]. Financial Performance - In the first half of 2025, Urban Revivo reported revenue of 1.436 billion yuan, a year-on-year decrease of 5%, and a net profit of 57.796 million yuan [1]. - The main business revenue from intimate apparel was 1.289 billion yuan, showing a quarter-on-quarter growth of 2.3% compared to the second half of 2024, with a gross margin increase of 0.5% to 49.6% [1]. Market Trends and Strategic Response - The global economic landscape is undergoing deep adjustments, leading to a significant differentiation in the domestic consumer market, prompting a new cycle of quality upgrades and value reassessment in the Chinese lingerie industry [2]. - Urban Revivo is actively responding to market changes by focusing on brand, product, and channel strategies to build comprehensive competitive advantages and enhance performance [2]. Product Development and Innovation - The company has conducted in-depth store research and large customer interviews, ensuring product development aligns with market demand, while deepening collaboration with core suppliers for innovation in raw materials and production processes [2]. - Urban Revivo is establishing differentiated competitive advantages in functionality and comfort through iterative upgrades of popular products and new technology developments [2]. E-commerce Growth - Urban Revivo has implemented strategies such as low-price promotions and member benefits to attract consumers, achieving a total e-commerce transaction value (GMV) exceeding 1.6 billion yuan, a year-on-year increase of 243% [3]. - The company anticipates continued rapid growth in its e-commerce business, with the annual GMV expected to exceed 3.4 billion yuan in 2025 [3]. Future Outlook - The company expects the global economic adjustment and domestic consumption differentiation to persist, presenting both opportunities and challenges for the lingerie industry [3]. - Urban Revivo plans to maintain its strategic positioning, focusing on offering quality products at reasonable prices while deepening its layout across brand, product, and channel dimensions to ensure steady growth in performance [3].

Core Viewpoint - The company reported a significant increase in revenue and profit for the first half of 2025, driven by strategic efforts in branding, e-commerce, channels, and product development [1][2] Group 1: Financial Performance - The company achieved a revenue of 1.436 billion yuan, with a profit of 57.796 million yuan during the reporting period [1] - The e-commerce GMV exceeded 1.6 billion yuan, representing a year-on-year growth of 243% [1] Group 2: Channel Development - The company explored new channel opportunities, including new types of channels, online e-commerce partnerships, offline channels, and instant retail, contributing to comprehensive growth [1] - Significant efforts were made in channel construction and supply chain ecology, enhancing collaboration with suppliers to create a brand ecosystem [1] Group 3: Product Innovation - The company focused on research and innovation to enhance product strength, ensuring product development aligns with market demand through in-store research and customer interviews [2] - Collaboration with core suppliers was deepened in key areas such as raw material innovation and production process upgrades, establishing a differentiated competitive advantage in functionality and comfort [2]