股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 聖貝拉有限公司 | | | | | | 呈交日期: | 2026年2月5日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 02508 | 說明 | | | | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 1,000,000,000 USD | 0.0001 USD | | 100,000 | | 增加 / 減少 (-) | | 0 | USD | | | | 本月底結存 | | 1,000,000,000 USD | 0. ...

证券研究报告：食品饮料 | 公司点评报告 发布时间：2026-01-29 股票投资评级 买入|维持 公司基本情况 | 最新收盘价（港元） | 4.69 | | --- | --- | | 总股本/流通股本（亿股）6.22 / 6.22 | | | 总市值/流通市值（亿港 | 29.37/ 29.37 | | 元） | | | 52 周内最高/最低价 | 11.00/3.40 | | 资产负债率(%) | 36.35% | | 市盈率 | -5.04 | | 第一大股东 | 向华 | 研究所 分析师:蔡雪昱 SAC 登记编号:S1340522070001 Email:caixueyu@cnpsec.com 分析师:杨逸文 SAC 登记编号:S1340522120002 Email:yangyiwen@cnpsec.com 圣贝拉 (2508.HK) 以 AI+服务为核心，全面升级母婴护理生态 ⚫ 事件 公司近期围绕"家庭大健康生态战略"进行一系列系统化、多维度 的能力升级，从一家高端线下月子服务商，加速向一个以 AI 技术为 引擎、专业体系为基石、金融级信任为护城河的母婴健康综合服务平 台演进。 公司近期一系列 ...

证券研究报告：食品饮料 | 公司点评报告 发布时间：2026-01-29 研究所 分析师:蔡雪昱 SAC 登记编号:S1340522070001 Email:caixueyu@cnpsec.com 分析师:杨逸文 SAC 登记编号:S1340522120002 Email:yangyiwen@cnpsec.com 圣贝拉 (2508.HK) 以 AI+服务为核心，全面升级母婴护理生态 ⚫ 事件 公司近期围绕"家庭大健康生态战略"进行一系列系统化、多维度 的能力升级，从一家高端线下月子服务商，加速向一个以 AI 技术为 引擎、专业体系为基石、金融级信任为护城河的母婴健康综合服务平 台演进。 股票投资评级 买入|维持 公司基本情况 | 最新收盘价（港元） | 4.69 | | --- | --- | | 总股本/流通股本（亿股）6.22 / 6.22 | | | 总市值/流通市值（亿港 | 29.37/ 29.37 | | 元） | | | 52 周内最高/最低价 | 11.00/3.40 | | 资产负债率(%) | 36.35% | | 市盈率 | -5.04 | | 第一大股东 | 向华 | ⚫ 投资要点 ...

Core Insights - The strategic investment by Shengbela in the AI service brand WITH 1000 AI marks a significant shift in the maternal and infant service industry, which has traditionally relied on human-to-human interaction and has faced challenges in standardization and scalability [1][4] - The introduction of AI and RPA technologies aims to automate operations, enhance marketing, and personalize user engagement in maternal and infant care, addressing the industry's structural pain points [1][3] Group 1: Industry Challenges - The maternal and infant service industry has historically been fragmented and heavily dependent on individual experience, making it difficult to scale and standardize services [1][2] - Traditional SaaS products struggle to penetrate this industry due to the older workforce and the complexity of existing systems, which do not align with the real business scenarios of maternal and infant care [1][2] Group 2: Technological Solutions - WITH 1000 AI's product is designed to be user-friendly, akin to WeChat, allowing staff to operate it easily via mobile devices without the need for complex training or additional systems [2][3] - The AI-driven approach enables real-time monitoring and alerts for critical care metrics, improving response times and service quality in maternal care settings [3][4] Group 3: Market Impact - Since its launch in 2023, WITH 1000 AI has served over 400 maternal and infant service institutions, reaching more than 3.46 million end-users with a customer satisfaction rate of 98.8% [4] - The collaboration between Shengbela and WITH 1000 AI is expected to generate valuable insights into user needs and preferences, creating a comprehensive demand map for maternal and infant services [4][5] Group 4: Strategic Vision - Shengbela aims to build an open industry empowerment platform, moving away from a closed model that often requires high prices for quality services [4][5] - The initiative aligns with Shengbela's brand philosophy of "care equity," providing standardized and stable service capabilities to smaller institutions and individual mothers through accessible technology [5]

Market Performance - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% to 26,487.51 points, the Hang Seng Tech Index down 1.16% to 5,683.44 points, and the National Enterprises Index decreasing by 0.43% to 9,094.76 points [1] - Major technology stocks generally declined, with Alibaba down 0.44%, Tencent down 1.48%, and Xiaomi down 2.74%, while JD.com saw a slight increase of 0.09% [1] - New consumption concept stocks performed well, with Pop Mart rising by 9% and Naixue's Tea increasing by over 4% [1] Corporate News - Codex-B (02487.HK) reported positive top-line results from a Phase III clinical trial for CU-20101, an injectable botulinum toxin type A for moderate to severe glabellar lines [2] - Saint Bella (02508.HK) entered a strategic cooperation framework agreement with Cloudwise Technology to explore the integration of AI and robotics in high-demand home care scenarios [2] Profit Forecasts - China Taiping (00966.HK) expects a net profit increase of approximately 215% to 225% in 2025, compared to 8.432 billion HKD in the previous year [3] - TCL Electronics (01070.HK) anticipates an adjusted net profit of approximately 2.33 billion to 2.57 billion HKD in 2025, representing a growth of 45% to 60% [3] - Jihong Co. (02603.HK) forecasts a net profit of approximately 273 million to 291 million RMB in 2025, a year-on-year increase of 50% to 60% [3] - Guolian Minsheng (01456.HK) expects a net profit of 2.008 billion RMB in 2025, a growth of around 406% [3] - China Railway (00390.HK) reported a new contract amount of 1,165.98 billion RMB in Q4 2025, with a cumulative new contract amount of 2,750.9 billion RMB, a year-on-year growth of 1.3% [3] Sales and Revenue - Shenzhen Holdings (00604.HK) anticipates a total contract sales amount of approximately 13.311 billion RMB in 2025, a decrease of 21.55% [4] - SF Holding (06936.HK) reported a total revenue of 27.339 billion RMB in December from its logistics, supply chain, and international businesses, reflecting a year-on-year growth of 3.41% [5] Institutional Insights - Dongwu Securities noted that the Hong Kong market is in a long-term upward trend but faces short-term challenges, with strong consensus on domestic fundamentals but mixed views on overseas factors [9] - Huaxia Fund emphasized the high sensitivity of the Hong Kong market to corporate earnings and macroeconomic data, suggesting that positive economic surprises could significantly boost market expectations [10] - Tianfeng Securities highlighted that the Hong Kong market has the foundation for a rebound due to valuation recovery and sentiment improvement, but upward momentum may be constrained by high overseas interest rates [10] - Huaxi Securities pointed out that the "AI+" logic is catalyzing valuation optimization in the Hong Kong market, with a focus on internet, technology, and emerging consumption sectors [10]

Group 1: Major Developments - 康耐特光学 (02276) and 歌尔光学 plan to establish a joint venture to expand the application market for customized lenses in AI/AR/VR/MR glasses [1] - 圣贝拉 (02508) and 云迹科技 signed a strategic cooperation framework agreement to explore the deep integration and application of artificial intelligence and robotics in high-demand home care scenarios [1] - KKCG Maritime intends to initiate a voluntary conditional partial public acquisition offer to acquire 15.4% of 法拉帝 (09638) shares [1] - 远大医药 (00512) announced that the new drug application for the innovative radiolabeled drug TLX591-CDx has been accepted by the China National Medical Products Administration [1] - 艾美疫苗 (06660) received approval to conduct clinical trials for a 20-valent pneumococcal polysaccharide conjugate vaccine [1] - 中国东方航空股份 (00670) sold the 凯迪克大厦 in Shanghai and related assets to 东航置业 for approximately 134 million yuan [1] - 佑驾创新 (02431) signed a memorandum of understanding with India's leading automotive parts manufacturer STL [1] - 南山铝业国际 (02610) plans to develop electrolytic aluminum and related raw materials and supporting businesses [1] Group 2: Financial Performance - 顺丰控股 (06936) reported a total revenue of 27.339 billion yuan from its express logistics, supply chain, and international businesses in December, representing a year-on-year increase of 3.41% [2] - 美丽田园医疗健康 (02373) issued a profit warning, expecting adjusted net profit for 2025 to be no less than 380 million yuan, a year-on-year increase of at least 40% [2] - 中国太平 (00966) issued a profit warning, anticipating a year-on-year increase of approximately 215% to 225% in shareholder profit for the 2025 fiscal year [2] - 吉宏股份 (02603) issued a profit warning, expecting a net profit attributable to shareholders of approximately 273 million to 291 million yuan for 2025, a year-on-year increase of 50% to 60% [2] - 兖煤澳大利亚 (03668) reported a fourth-quarter coal sales volume of 10.8 million tons, a year-on-year increase of 4% [2] - 兖矿能源 (01171) reported a fourth-quarter commodity coal production of 46.51 million tons, a year-on-year increase of 4.4% [2] - 深圳控股 (00604) projected a total contract sales amount of approximately 13.311 billion yuan for 2025, a year-on-year decrease of 21.55% [2] - 上海石油化工股份 (00338) issued a profit warning, expecting a net loss attributable to shareholders of approximately 1.289 billion to 1.576 billion yuan for 2025, indicating a shift from profit to loss [2] - 上海石油化工股份 (00338) reported gasoline sales revenue of 24.656 billion yuan for 2025 [2]

SAINT BELLA Inc. 聖貝拉有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2508） 二零二六年二月五日（星期四）舉行的股東特別大會（或其任何續會）適用的代表委任表格 本人╱吾等 （姓名） （請用正楷填寫） 地址為 為聖貝拉有限公司（「本公司」）股本中每股面值0.0001美元股份 股 （附註1） 之持有人， 茲委任 （姓名） 地址為 如其未克出席，或 （姓名） 地址為 | | | 特別決議案* | （見附註3） 贊成 | （見附註3） 反對 | | --- | --- | --- | --- | --- | | 1. | | 動議待透過發出更改名稱註冊證書取得開曼群島公司註冊處處長（「註冊處處 | | | | | | 長」）批准後，將本公司英文名稱由「SAINT BELLA Inc.」更改為「SAINT BELLA | | | | | | GROUP LIMITED」，並採納中文名稱「聖貝拉集團有限公司」及將其註冊為本 | | | | | | 公司雙重外文名稱以取代其現有中文名稱「聖貝拉有限公司」（「更改公司名 | | | | | | 稱」），自註冊處處長發 ...

聖貝拉有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 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通告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 SAINT BELLA Inc. 董事會主席、執行董事兼首席執行官 向華先生 二零二六年一月十九日 （股份代號：2508） 股東特別大會通告 茲通告聖貝拉有限公司（「本公司」）謹訂於二零二六年二月五日（星期四）下午二時 正假座中國浙江省杭州市蕭山區建設二路666號信息港六期7幢2層舉行股東特別大會（「股 東特別大會」），以處理下列事項： 特別決議案 – 1 – 1. 「動議待透過發出更改名稱註冊證書取得開曼群島公司註冊處處長（「註冊處處長」） 批准後，將本公司英文名稱由「SAINT BELLA Inc.」更改為「SAINT BELLA GROUP LIMITED，並採納中文名稱「聖貝拉集團有限公司」及將其註冊為本公司雙重外文 名稱以取代其現有中文名稱「聖貝拉有限公司」（「更改公司名稱」），自註冊處處長 發出更改名稱註冊成立證書 ...

聖貝拉有限公司 此乃要件 請即處理 閣下如對本通函的任何方面或應採取的行動有任何疑問，應諮詢股票經紀或其他註冊證券交易商、 銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的聖貝拉有限公司股份全部售出或轉讓，應立即將本通函及隨附代表委任表格 送交買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 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通函的內容概不負責，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通函全部或任何部分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。 SAINT BELLA Inc. （股份代號：2508） 建議更改公司名稱； 建議修訂第二份經修訂及重列組織章程大綱及 第三份經修訂及重列組織章程細則； 及 股東特別大會通告 聖貝拉有限公司謹訂於二零二六年二月五日（星期四）下午二時正假座中國浙江省杭州市蕭山區 建設二路666號信息港六期7幢2層舉行股東特別大會，召開大會的通告載於本通函第9至11頁。 隨函亦附奉股東特別大會使用的代表委任表格。無論 閣下能否出 ...

Core Viewpoint - The strategic partnership between Saint Bella Group and Cloudwalk Technology aims to integrate artificial intelligence and robotics in the home care sector, marking a significant advancement in the company's AI strategy and enhancing the development momentum of the home care industry [1][10]. Group 1: Strategic Partnership - Saint Bella Group has signed a strategic cooperation framework agreement with Cloudwalk Technology, focusing on high-demand home care scenarios [1]. - This collaboration is expected to create an innovative service ecosystem by deeply integrating AI and robotics technology [1][3]. Group 2: Technological Integration - The partnership will leverage both companies' strengths to build a complete closed-loop ecosystem from data to service [3]. - Saint Bella will provide access to its extensive network of high-end maternity centers and over one million real family care data sets for AI model training [3][8]. - Cloudwalk Technology has developed a general service intelligent agent (HDOS) that can adapt to various service scenarios, enhancing the AI's ability to understand and respond to real-world changes [3][4]. Group 3: Service Ecosystem Development - The initial focus will be on restructuring nearly 120 offline locations under Saint Bella Group, integrating robotics and AI to create a self-optimizing intelligent service ecosystem [4]. - The AI intelligent agent "Dr. Bella" will offer personalized care solutions based on real-time data, enhancing the customer experience in home care [4][6]. Group 4: Competitive Advantage - The collaboration establishes a "smart hub + physical hardware + service network" model, fundamentally reshaping the competitive landscape of the home care industry [5][8]. - Saint Bella's extensive service network and supply chain capabilities ensure high-quality product offerings and stable supply within the ecosystem [8]. Group 5: Future Outlook - The partnership aims to create a smart infrastructure for health management across the entire family lifecycle, with a clear technological roadmap for evolving intelligent services [9]. - The combination of Saint Bella's data assets and Cloudwalk's AI infrastructure is expected to extend intelligent services beyond traditional sectors into family, community, and healthcare domains [9][11]. - This collaboration sets a benchmark for the intelligent transformation of the home care industry, showcasing the potential for technological growth and development [10].