Financial Performance - For the first half of 2025, the company's operating revenue was approximately 3.48 billion, an increase from 3.32 billion in the same period last year, reflecting a growth of about 4.75% [1] - The total profit for the same period was approximately 298 million, up from 252 million year-on-year, indicating a growth of about 18.06% [1] - The net profit attributable to shareholders was approximately 266 million, compared to 238 million in the previous year, marking a growth of about 11.85% [1] - The net cash flow from operating activities was approximately 682 million, a significant increase of 39.71% from 488 million in the previous year [22] Profitability Metrics - The weighted average return on equity for the first half of 2025 was 3.9%, an increase of 0.85 percentage points year-on-year [19] - The return on invested capital for the same period was 3.6%, up by 0.72 percentage points compared to the previous year [19] Asset and Liability Changes - As of the end of the first half of 2025, the company's total assets showed a significant reduction in trading financial assets by 14.26%, while other non-current financial assets increased by 50.35% [34] - The company experienced a 93.37% decrease in non-current liabilities due within one year, while short-term borrowings increased by 1012.46% [37] Inventory and Cash Flow - The company's inventory value at the end of the first half of 2025 was approximately 577 million, a decrease of about 95.84 million from the previous year [40] - The cash flow from operating activities was approximately 682 million, with a cash flow to revenue ratio indicating a healthy operational cash generation [26] Shareholder Composition - The top ten shareholders as of the end of the first half of 2025 included new entrants such as the National Social Security Fund and various investment funds, indicating a shift in shareholder structure [48] - The largest shareholder remains Shanghai Jahwa Group Co., Ltd., holding approximately 51.31% of the total shares [49]

Group 1 - The company achieved an operating revenue of 3.478 billion yuan in the first half of 2025, representing a year-on-year growth of 4.75% [1] - The net profit attributable to shareholders of the listed company was 266 million yuan, reflecting a year-on-year increase of 11.66% [1] - The company plans to distribute a cash dividend of 0.039 yuan per share (including tax) to all shareholders [1]

Core Insights - Shanghai Jahwa reported a revenue of 3.48 billion yuan for the first half of 2025, representing a year-on-year growth of 4.8%, and a net profit of 270 million yuan, up 11.7% [1] - The second quarter showed significant performance with a revenue increase of 25.4%, driven by a 55.7% growth in beauty products and a 34.6% increase in online sales across all brands [1] - The company's strategic focus on core brands and efficiency improvements led to a 25.7% decrease in accounts receivable and a 20.6% reduction in inventory [1] Brand Performance - The core brands, Six God and Yuze, showed strong online growth, with Six God launching a new portable mosquito repellent product that topped sales on Tmall [2] - Yuze experienced double-digit revenue growth, supported by a professional summit and collaborations that enhanced its brand credibility [3] - Baicaoji brand saw over 50% revenue growth, with its flagship product performing exceptionally well during promotional events [3] Innovation and New Products - The company introduced new product lines, such as the "Oil Control and Acne Series" from the Gofu brand, which ranked highly on major e-commerce platforms [4] - The Qichu brand launched a multi-dimensional soothing series targeting infant skin issues, achieving double-digit growth despite market challenges [4] Online and Offline Strategy - Shanghai Jahwa enhanced its online capabilities, achieving significant sales during promotional events, with notable performances from brands like Baicaoji [5] - The company expanded its offline presence by adding 40 new channel distributors and increasing market coverage to 92% in cities above the county level [6] Operational Efficiency - The company focused on improving operational efficiency through refined management practices, resulting in enhanced logistics and supply chain performance [7] - The strategic emphasis on efficiency and core product focus validated the effectiveness of the company's "Four Focuses" strategy [7]

Core Viewpoint - Shanghai Jahwa United Co., Ltd. reported a revenue increase of 4.75% year-on-year for the first half of 2025, reaching approximately 3.48 billion yuan, with a net profit attributable to shareholders of approximately 266 million yuan, reflecting an 11.66% increase compared to the previous year [2][4]. Company Overview and Financial Indicators - The company operates in the chemical raw materials and chemical products manufacturing industry, focusing on daily chemical products with brands such as Liushen, Yuze, Baicaojie, and Meijiajing [3]. - Key financial metrics for the first half of 2025 include: - Total revenue: 3,478,337,684.58 yuan - Total profit: 298,020,579.45 yuan - Net profit attributable to shareholders: 265,757,686.65 yuan - Net cash flow from operating activities: 682,111,958.56 yuan [2][4]. Business Performance Analysis - The company achieved a net profit of 2.66 billion yuan, up 11.66% year-on-year, while the net profit excluding non-recurring gains and losses decreased by 5.89% to 2.21 billion yuan [3][4]. - The company has implemented four core tasks since the second half of 2024, focusing on strategic positioning, agile authorization mechanisms, team capability enhancement, and addressing historical burdens [3]. Marketing and Product Development - The company is focusing on high-quality sustainable development by: - Targeting niche categories to enhance market share and user value [3]. - Developing strategic new products, including the Liushen mosquito repellent series and Yuze skin barrier repair products [3]. - Innovating marketing strategies, including collaborations with celebrities and IP partnerships to enhance brand visibility [3][4]. Financial Performance and Cost Management - The company reported a significant increase in cash flow from operating activities, primarily due to higher sales receipts and lower tax payments compared to the previous year [4]. - The company has optimized its supply chain, reducing costs related to packaging and logistics, which contributed to improved financial performance [4].

| 上海家化联合股份有限公司2025 | 年半年度报告摘要 | | | | | --- | --- | --- | --- | --- | | 公司代码：600315 | 公司简称：上海家化 | | | | | 上海家化联合股份有限公司 | | | | | | 上海家化联合股份有限公司2025 | 年半年度报告摘要 | | | | | 第一节 重要提示 | | | | | | 展规划，投资者应当到 www.sse.com.cn | 网站仔细阅读半年度报告全文。 | | | | | 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | 日在册全体股东每股派发0.039元现金红利（含税）。 | | | | | | 第二节 公司基本情况 | | | | | | 公司股票简况 | | | | | | 股票种类 股票上市交易所 股票简称 | | 股票代码 | 变更前股票简 | | | 称 | | | | | | A股 上海证券交易所 上海家化 | | 600315 | | | | 联系人和联系方式 董事会秘书 | | 证券事务代表 | | | | 姓名 罗永涛 | | 苏晓庆 | | ...

上海家化联合股份有限公司九届三次董事会于 2025 年 8 月 21 日以现场及 通讯方式召开，会议通知于 2025 年 8 月 11 日通过邮件方式发出。本次会议应 参加董事 9 人，实际参加董事 9 人，会议由董事长林小海先生主持，高级管理 人员列席了会议，符合《公司法》及《公司章程》的有关规定。 二、董事会会议审议情况 表决情况：9 票同意，0 票反对，0 票弃权，通过本议案。 证券简称：上海家化 证券代码：600315 编号：临 2025-043 上海家化联合股份有限公司 九届三次董事会决议公告 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。 一、董事会会议召开情况 本议案经公司董事会审计与风险管理委员会事先审议通过。 公司 2025 年半年度利润分配方案：拟向全体股东每股派发现金红利 0.039 元（含税），合计拟派发现金红利 25,965,681.61 元（含税）。本次公司现金分红 数额占 2025 年半年度合并报表中归属于上市公司普通股股东的净利润的比例为 《上海家化联合股份有限公司 2025 年半年度利润 ...

证券代码：600315 证券简称：上海家化 公告编号：临 2025-045 上海家化联合股份有限公司 关于 2025 年第二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。 根据上海证券交易所《上市公司行业信息披露指引第十三号——化工》的要 求、现将公司 2025 年第二季度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 产量(支) | 销量(支) | 营业收入（元） | | --- | --- | --- | --- | | 个护 | 64,731,435 | 77,825,289 | 798,261,406.94 | | 美妆 | 16,168,415 | 9,675,676 | 418,410,317.70 | | 创新 | 14,648,314 | 11,797,432 | 203,368,323.56 | | 海外 | 26,399,888 | 21,892,513 | 355,321,873.99 | 注：个护（含六神、美加净品牌）、美妆（含玉泽、佰草集 ...

上海家化联合股份有限公司 关于召开 2025 半年度业绩说明会的公告 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法律责任。 证券代码：600315 证券简称：上海家化 公告编号：2025-046 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 8 月 22 日 （星期五） 至 8 月 28 日 （星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 ir@jahwa.com.cn 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 上海家化联合股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日发布公司 2025 年半年度报告，为便于广大投资者更全面深 入地了解公司经营成果、财务状况，公司计划于2025年8月29日（星 期五） 16:00-17:00 举行 2025 半年度业绩说明会，就投资者关心的 问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 20 ...

证券简称：上海家化 证券代码：600315 编号：临 2025-043 上海家化联合股份有限公司 九届三次董事会决议公告 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。 一、董事会会议召开情况 本议案经公司董事会审计与风险管理委员会事先审议通过。 《上海家化联合股份有限公司 2025 年半年度报告》及摘要请见上海证券交 易所网站。 2、审议通过公司 2025 年半年度利润分配方案 表决情况：9 票同意，0 票反对，0 票弃权，通过本议案。 本议案经公司董事会审计与风险管理委员会事先审议通过。 公司 2025 年半年度利润分配方案：拟向全体股东每股派发现金红利 0.039 元（含税），合计拟派发现金红利 25,965,681.61 元（含税）。本次公司现金分红 数额占 2025 年半年度合并报表中归属于上市公司普通股股东的净利润的比例为 9.77%。 上海家化联合股份有限公司九届三次董事会于 2025 年 8 月 21 日以现场及 通讯方式召开，会议通知于 2025 年 8 月 11 日通过邮件方式发出。本次会议应 参加董 ...

（文章来源：每日经济新闻） 上海家化（SH 600315，收盘价：23.4元）8月21日晚间发布半年度业绩报告称，2025年上半年营业收入 约34.78亿元，同比增加4.75%；归属于上市公司股东的净利润约2.66亿元，同比增加11.66%；基本每股 收益0.4元，同比增加14.29%。 ...