Core Insights - The company reported a total revenue of 815 million yuan for Q3 2025, marking a year-on-year increase of 3.03% and ranking 11th among peers [1] - The net profit attributable to shareholders was 23.49 million yuan, a significant decline of 72.04% compared to the same period last year, ranking 12th among peers [1] - The net cash inflow from operating activities was 53.80 million yuan, showing a substantial increase of 1282.91% year-on-year, ranking 11th among peers [1] Financial Ratios - The latest debt-to-asset ratio stands at 20.88%, ranking 4th among peers, with a year-on-year increase of 1.04 percentage points [3] - The gross profit margin is reported at 16.58%, ranking 11th among peers, with a slight decrease of 1.24 percentage points from the previous quarter but an increase of 0.05 percentage points year-on-year [3] - The return on equity (ROE) is at 1.07%, ranking 12th among peers, reflecting a decrease of 2.77 percentage points compared to the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share (EPS) is 0.04 yuan, ranking 12th among peers, which is a decrease of 72.05% year-on-year [3] - The total asset turnover ratio is 0.30 times, ranking 11th among peers, remaining stable compared to the previous year and showing a year-on-year increase of 0.37% [3] - The inventory turnover ratio is 2.64 times, ranking 10th among peers, with a year-on-year increase of 2.81% [3] Shareholder Information - The number of shareholders is 47,000, with the top ten shareholders holding 220 million shares, accounting for 39.96% of the total share capital [3] - The largest shareholder is Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., holding 33.34% of the shares [3]

Core Viewpoint - The company reported a revenue of 815 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 3.03%. However, the net profit attributable to shareholders decreased by 72.04% to 23.49 million yuan, with basic earnings per share at 0.0427 yuan [1]. Financial Performance - Revenue for the first three quarters reached 815 million yuan, marking a 3.03% increase compared to the previous year [1]. - Net profit attributable to shareholders was 23.49 million yuan, which represents a significant decline of 72.04% year-on-year [1]. - Basic earnings per share stood at 0.0427 yuan [1].

Core Viewpoint - The company, Two Sides Needle, is a well-known domestic oral care brand with a focus on oral care products and personal hygiene items, facing challenges in revenue and profit compared to industry leaders [1][2]. Group 1: Business Performance - In Q3 2025, Two Sides Needle reported revenue of 815 million, ranking 4th in the industry, with the top competitor, Runben Co., achieving 1.238 billion [2]. - The main business composition includes daily chemical products at 458 million (87.71%), pharmaceuticals at 51.17 million (9.80%), and other categories at 6.94 million (1.33%) [2]. - The net profit for the same period was 24.6 million, also ranking 4th, with the industry leader's net profit at 266 million [2]. Group 2: Financial Ratios - The company's debt-to-asset ratio stood at 20.88% in Q3 2025, lower than the industry average of 25.71% [3]. - The gross profit margin was reported at 16.58%, which is below the industry average of 37.91% [3]. Group 3: Executive Compensation - The total compensation for the president, Gong Huiquan, was 388,000, reflecting an increase of 45,100 from the previous year [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.03% to 47,000, while the average number of shares held per shareholder increased by 8.73% to 11,700 [5].

证券代码：600249 证券简称：两面针 公告编号：临2025-034 柳州两面针股份有限公司 2025 年第三季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 柳州两面针股份有限公司（以下简称"公司"）根据上海证券交 易所《上海证券交易所上市公司自律监管指引第 3 号行业信息披露：第 十三号——化工》的要求，现将 2025 年第三季度主要经营数据披露如 下： 三、 主要原材料的价格波动情况 | 对应 | 主要 | 年 2025 | 7-9 | 月 | 年 2024 | 月 7-9 | 同比变 | 环比变 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 产品 | 原材料 | 平均进价 | | | 平均进价 | | 动比率 | 动比率 | | | | （元/吨） | | | （元/吨） | | （%） | （%） | | 家用/旅游牙膏 | 二氧化硅 | 8,788.25 | | | 9,135.49 | | -3.80 | -0 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 293,134,925.09, representing a year-on-year increase of 6.83%[4] - The total profit for the third quarter decreased by 67.57% to CNY 35,913,444.14 compared to the same period last year[4] - The net profit attributable to shareholders was CNY 28,574,484.42, down 67.34% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,693,000.33, a decrease of 44.16% compared to the previous year[4] - The basic earnings per share for the third quarter was CNY 0.0500, down 68.75% from CNY 0.1600 in the same period last year[5] - Net profit for the first three quarters of 2025 was ¥24,599,085.05, a decrease from ¥84,775,972.19 in 2024, reflecting a decline of approximately 70.0%[20] - Basic earnings per share for the first three quarters of 2025 were ¥0.0427, down from ¥0.1528 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,768,290,194.40, an increase of 1.74% from the end of the previous year[5] - The company's total equity stood at ¥2,190,169,248.32, slightly up from ¥2,182,268,163.27[18] - Total liabilities increased to ¥578,120,946.08 from ¥538,655,408.33, representing a growth of approximately 7.3%[18] - The company's current assets as of September 30, 2025, amount to ¥2,034,354,779.26, an increase from ¥1,986,779,830.53 as of December 31, 2024, reflecting a growth of approximately 2.8%[16] - The total non-current assets are reported at ¥733,935,415.14, slightly down from ¥734,143,741.07 in the previous period[16] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 53,798,729.28, reflecting a substantial increase of 1,282.91% compared to the previous year[4] - Net cash flow from operating activities was 53,798,729.28, a significant increase from 3,890,253.50 in the previous period[23] - Total cash inflow from operating activities amounted to 883,008,249.43, while cash outflow was 829,209,520.15, resulting in a net increase[23] - Cash flow from investing activities showed a net outflow of -23,482,630.62, compared to -5,394,680.62 previously[24] - Cash inflow from financing activities was 75,000,000.00, an increase from 65,000,000.00 in the prior period[24] Shareholder Information - The total number of shareholders at the end of the reporting period is 10, with the largest shareholder being Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., holding 183,360,652 shares, representing 33.34% of the total shares[13] - The company has a total of 10,959,167 shares held by Liuzhou Economic Development Investment Co., Ltd., accounting for 1.99% of the total shares[13] - The company has no significant changes in the shareholding structure among the top 10 shareholders compared to the previous period[14] Operational Insights - The company experienced a decline in investment income, which significantly impacted net profits for both the current quarter and year-to-date periods[10] - The company has not disclosed any new strategies or significant developments in product or technology research during this reporting period[15] - There are no reminders or additional important information regarding the company's operational situation for investors[15] Revenue and Costs - Total revenue for the first three quarters of 2025 reached ¥815,380,039.39, an increase from ¥791,383,833.34 in the same period of 2024, representing a growth of approximately 3.8%[19] - Total operating costs for the first three quarters of 2025 were ¥809,901,938.15, compared to ¥781,331,108.23 in 2024, indicating an increase of about 3.7%[19] Research and Development - Research and development expenses increased to ¥13,851,976.90 in 2025 from ¥11,017,341.20 in 2024, marking a rise of about 25.6%[20]

Core Viewpoint - The company reported a revenue increase in Q3 2025 but experienced a significant decline in net profit compared to the previous year [1] Financial Performance - In Q3 2025, the company achieved a revenue of 293 million yuan, representing a year-on-year growth of 6.83% [1] - The net profit attributable to shareholders was 28.57 million yuan, showing a decline of 67.34% year-on-year [1] - Basic earnings per share for Q3 2025 were 0.05 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported a total revenue of 815 million yuan, which is a year-on-year increase of 3.03% [1] - The net profit attributable to shareholders for the first three quarters was 23.49 million yuan, reflecting a year-on-year decrease of 72.04% [1] - Basic earnings per share for the first three quarters were 0.0427 yuan [1]

Market Overview - The personal care products sector experienced a decline of 0.34% on October 24, with Baiya Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Key stocks in the personal care sector showed varied performance, with the following notable changes: - Baiya Co., Ltd. (003006) closed at 22.77, down 1.94% with a trading volume of 63,800 shares and a turnover of 146 million [1] - Yanjing Co., Ltd. (300658) closed at 8.46, down 1.40% with a trading volume of 168,400 shares and a turnover of 145 million [1] - Jeya Co., Ltd. (301108) closed at 35.76, down 0.91% with a trading volume of 49,800 shares and a turnover of 185 million [1] - Other stocks like Beijia Co. (603059) and Zhongshun Jierou (002511) also saw minor declines [1] Capital Flow - The personal care products sector saw a net inflow of 2.96 million from institutional investors and a net inflow of 4.80 million from retail investors, while retail investors experienced a net outflow of 7.76 million [3] - Notable capital flows for specific stocks include: - Wanjian Medical (300888) had a net inflow of over 9.34 million from institutional investors, but a net outflow of 11.91 million from retail investors [3] - Liangmian Needle (600249) saw a net inflow of 7.46 million from institutional investors, while retail investors had a net inflow of 1.39 million [3] - Baiya Co., Ltd. (003006) had a net inflow of 5.32 million from institutional investors but a significant net outflow of 4.30 million from retail investors [3]

Market Overview - The personal care products sector increased by 0.82% on October 23, with Baiya Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Baiya Co., Ltd. (003006) closed at 23.22, up 2.74% with a trading volume of 73,700 shares and a turnover of 171 million yuan [1] - Beijia Co. (603059) closed at 34.56, up 1.98% with a trading volume of 38,800 shares and a turnover of 134 million yuan [1] - Dengkang Oral (001328) closed at 39.14, up 1.90% with a trading volume of 28,400 shares and a turnover of 112 million yuan [1] - Zhongshun Jiesang (002511) closed at 8.48, up 1.68% with a trading volume of 83,800 shares and a turnover of 70.46 million yuan [1] - Yanjing Co. (300658) closed at 8.58, up 1.30% with a trading volume of 175,500 shares and a turnover of 146 million yuan [1] - Other notable performances include Haoyue Nursing (605009) at 33.36, up 0.97%, and Runben Co. (603193) at 26.54, up 0.38% [1] Capital Flow - The personal care products sector saw a net inflow of 17.6 million yuan from institutional investors, while retail investors contributed a net inflow of 19.3 million yuan [2] - However, speculative funds experienced a net outflow of 36.9 million yuan [2] Detailed Capital Flow Analysis - Baiya Co., Ltd. had a net inflow of 19.28 million yuan from institutional investors, while it faced a net outflow of 11.41 million yuan from speculative funds [3] - Beijia Co. experienced a net inflow of 16.18 million yuan from institutional investors but a net outflow of 22.75 million yuan from speculative funds [3] - Dengkang Oral saw a net inflow of 4.54 million yuan from institutional investors, with minor outflows from other categories [3] - Zhongshun Jiesang had a net inflow of 1.60 million yuan from institutional investors, while speculative funds showed a net outflow [3]

Market Overview - The personal care products sector experienced a decline of 0.63% on October 22, with Baiya Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the personal care sector showed varied performance, with Jieya Co., Ltd. increasing by 4.97% to a closing price of 36.95 [1] - Baiya Co., Ltd. closed at 22.60, down 1.95%, with a trading volume of 76,400 shares and a transaction value of 173 million yuan [2] - Other notable declines included Duncon Oral Care down 1.36% and Stable Medical down 0.86% [2] Capital Flow - The personal care products sector saw a net outflow of 26.09 million yuan from institutional investors, while retail investors had a net inflow of 21.82 million yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional investors [3] Individual Stock Capital Flow - For individual stocks, the net inflow for Jieya Co., Ltd. was 8.44 million yuan from institutional investors, while it faced a net outflow of 20.48 million yuan from retail investors [3] - Duncon Oral Care had a net inflow of 1.64 million yuan from institutional investors, but also saw outflows from retail investors [3]

Market Overview - The personal care products sector increased by 0.31% compared to the previous trading day, with Liangmianzhen leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Liangmianzhen (600249) closed at 6.37, with a rise of 4.60% and a trading volume of 445,700 shares, amounting to a transaction value of 280 million yuan [1] - Yanjing Co. (300658) closed at 8.48, up 3.92%, with a trading volume of 120,400 shares and a transaction value of 100 million yuan [1] - Baiya Co. (003006) closed at 23.05, increasing by 2.13%, with a trading volume of 44,200 shares and a transaction value of 101 million yuan [1] - Other notable stocks include Jieya Co. (301108) at 35.20 (+1.38%), and Zhongshun Jiesang (002511) at 8.38 (+0.96%) [1] Capital Flow - The personal care products sector saw a net inflow of 6.91 million yuan from institutional investors, while retail investors contributed a net inflow of 35.52 million yuan [2] - However, there was a net outflow of 42.43 million yuan from speculative funds [2] Individual Stock Capital Flow - Liangmianzhen (600249) had a net inflow of 42.22 million yuan from institutional investors, while it experienced a net outflow of 10.38 million yuan from speculative funds [3] - Baiya Co. (003006) saw a net inflow of 7.09 million yuan from institutional investors, with a net outflow of 9.76 million yuan from speculative funds [3] - Yanjing Co. (300658) had a net inflow of 5.25 million yuan from institutional investors, but a net outflow of 9.95 million yuan from speculative funds [3]