Core Viewpoint - Shanghai Jahwa's online transformation is showing positive results, with significant growth in revenue and net profit in the first three quarters of 2025 [1][2]. Financial Performance - For the first three quarters of 2025, Shanghai Jahwa reported revenue of 4.961 billion and a net profit attributable to shareholders of 405 million, representing year-on-year growth of 10.83% and 149.12% respectively [1]. - Investment income reached 54 million, more than doubling year-on-year, contributing to the substantial increase in net profit [1]. - Excluding investment income, the adjusted net profit attributable to shareholders was 231 million, showing over 90% year-on-year growth [1]. Online Channel Development - The management revealed that online revenue accounted for 50% of total sales for the first time in Q3, indicating successful channel reform [2]. - Despite the increased focus on online sales, the sales expense ratio remained stable at 45.66%, similar to the same period in 2024 [2]. Marketing and Product Launches - The sales expenses do not include marketing costs for the upcoming "Double Eleven" promotional activities, which are expected to peak in Q4 [3]. - The chairman indicated that the first phase of the Double Eleven promotions will focus on Douyin, with expectations of double-digit revenue growth during the event [3]. - In the first three quarters, Shanghai Jahwa launched three major products, contributing to revenue growth [3].

Core Viewpoint - Shanghai Jahwa's Q3 2025 performance report shows significant growth in revenue and profit, driven by strategic focus on core brands and online channels [3][4][37] Financial Performance - For the first three quarters of 2025, the company reported revenue of 4.961 billion yuan, a year-on-year increase of 10.8% [3][4] - Net profit reached 405 million yuan, up 149.1% year-on-year, while the net profit excluding non-recurring items was 231 million yuan, reflecting a 92.4% increase [3][4] Product Performance - The beauty segment saw a remarkable 2.7 times year-on-year growth in all-channel revenue, with online sales in domestic business increasing by 1.7 times [3] - Three major billion-yuan products emerged as key growth drivers: Liushen mosquito repellent egg, Yuze second-generation barrier repair cream, and Baicaojis new Seven White mud mask [5][9] Brand Strategy - The company implemented a "four focus" strategy: focusing on core brands, brand building, online channels, and efficiency improvement, leading to a positive brand-driven growth cycle [3][14][37] - Significant brand renovations occurred under this strategy, including the rebranding of Yuze and the introduction of new products targeting younger demographics [14][19][17] Competitive Advantages - Shanghai Jahwa's core competitive advantages include rich brand assets, supply chain advantages, and strong R&D capabilities [29][30] - The company has invested 1.3 billion yuan in R&D in the first nine months of 2025, a 25% increase year-on-year, with cumulative R&D investment nearing 900 million yuan over six years [33][36] Market Position - The company's brands, including Liushen, Yuze, Baicaojie, and others, have shown double-digit growth in transaction volume and value, with some brands experiencing triple-digit growth [27][30]

Core Insights - Shanghai Jahwa reported a strong performance in Q3 2025, with a revenue increase of 28.3% year-on-year, indicating a continuation of growth momentum from the first half of the year [1][2] - The company achieved a total revenue of 4.961 billion yuan in the first three quarters, a 10.8% increase year-on-year, and a net profit of 405 million yuan, up 149.1% [1] - The company has successfully cultivated several billion-yuan products and has seen significant improvements in operational efficiency, with accounts receivable and inventory decreasing by 21.4% and 18.2% respectively [1] Financial Performance - For the first three quarters, the company reported a net profit of 405 million yuan, a 149.1% increase year-on-year, and a non-net profit of 231 million yuan, up 92.4% [1] - The operating cash flow saw a substantial increase of 172.8% year-on-year, indicating improved operational quality [1] Strategic Developments - The company has adopted a brand-driven growth model, moving away from channel-driven strategies, which has led to the emergence of several billion-yuan products [2] - The strategic focus on "category breakthroughs + major product cultivation + marketing innovation" has created a strong growth engine for the brand [2] - The successful launch of three major billion-yuan products has significantly contributed to overall brand performance [2]

Core Insights - Shanghai Jahwa reported a revenue of 4.961 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 10.8% [1] - The net profit reached 405 million yuan, showing a significant increase of 149.1% year-on-year [1] - The company’s non-recurring net profit was 231 million yuan, up by 92.4% compared to the previous year [1] Financial Performance - As of the end of Q3 2025, accounts receivable decreased by 21.4% year-on-year, and inventory dropped by 18.2% [1] - Operating cash flow saw a substantial increase of 172.8% year-on-year [1] Strategic Focus - The company has concentrated on its core brands and achieved significant milestones this year [1] - Shanghai Jahwa is implementing a brand tiering and core product strategy, focusing on "category breakthroughs, strategic flagship products, and marketing innovation" [1] - The company launched three major products with over 100 million yuan in revenue: Six God Mosquito Repellent Egg, Yuze Second Generation Barrier Repair Cream, and Baicaoji New Seven White Mud [1] Market Performance - Revenue growth for the company reached 28.3% year-on-year by Q3 [1] - The beauty segment's all-channel revenue increased by 2.7 times year-on-year [1] - Online channel revenue for domestic business grew by 1.7 times year-on-year, indicating a shift towards brand-driven performance growth [1] R&D and Marketing - Shanghai Jahwa is one of the earliest daily cosmetics companies in China to establish a research and development center, with 35 years of R&D experience [2] - The company has built a robust R&D innovation system, which supports the rapid launch of new products and product iterations [2] - In Q3, the company announced four brand ambassadors to enhance brand image and increase market presence [2]

Core Insights - Shanghai Jahwa reported a revenue of 4.961 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 10.8% [1] - The company's net profit reached 405 million yuan, showing a significant year-on-year increase of 149.1% [1] Financial Performance - Revenue for the first three quarters: 4.961 billion yuan [1] - Year-on-year revenue growth: 10.8% [1] - Net profit for the first three quarters: 405 million yuan [1] - Year-on-year net profit growth: 149.1% [1]

Core Viewpoint - Shanghai Jahwa's Q3 report shows significant growth in revenue and net profit, indicating strong performance in the consumer goods sector [1] Financial Performance - For the first three quarters of 2025, the company achieved total operating revenue of 4.961 billion yuan, representing a year-on-year increase of 10.83% [1] - The net profit attributable to shareholders reached 405 million yuan, marking a substantial year-on-year growth of 149.12% [1] - Basic earnings per share stood at 0.61 yuan [1]

Core Insights - Shanghai Jahwa's revenue for the first nine months of 2025 reached 4.961 billion, representing a year-on-year growth of 10.8% [1] - The net profit for the same period was 405 million, showing a significant year-on-year increase of 149.1% [1] - In Q3, revenue grew by 28.3% year-on-year, with beauty product sales seeing a remarkable increase of 2.7 times across all channels [1] Financial Performance - The gross profit margin continued to improve, with a 7 percentage point increase in Q3 [1] - Online sales revenue grew by 1.7 times, marking the first time that online sales accounted for more than half of total sales [1]

Core Insights - Shanghai Jahwa reported a strong performance in Q3 2025, with revenue reaching 4.961 billion yuan, a year-on-year increase of 10.8%, and net profit of 405 million yuan, up 149.1% [1] - The company achieved a remarkable Q3 revenue growth of 28.3%, driven by a 2.7 times increase in beauty product sales across all channels [1] - The strategic focus on core brands, brand building, online presence, and operational efficiency has led to a positive cycle of brand-driven performance growth [1] Financial Performance - For the first three quarters, the company reported a revenue of 4.961 billion yuan and a net profit of 405 million yuan, with a significant increase in operating cash flow by 172.8% [1] - The company’s accounts receivable decreased by 21.4% and inventory dropped by 18.2%, indicating improved operational quality [1] Product Innovation and Marketing - The company has successfully launched three major billion-yuan products: Six God Mosquito Repellent Egg, Yuze Second Generation Barrier Repair Cream, and Baicaoji New Seven White Mud Mask, which have significantly contributed to overall brand growth [2] - New product launches have accelerated, supported by a strong R&D foundation, with the introduction of innovative products like the "Xian Cao Oil" and "Beeswax Fragrance Hand Cream" [3][4] Brand Strategy and Endorsements - The company has enhanced its brand image through strategic endorsements, including national table tennis player Fan Zhendong for Yuze and actress Liu Tao for Baicaoji, which have increased brand visibility and consumer engagement [5] - The marketing strategy has focused on multi-brand development, with significant online engagement and exposure through various campaigns [5] Structural Transition - The company is transitioning from a channel-driven model to a brand-driven growth model, which is expected to unlock longer-term growth potential [6]

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 年第三季度主要经营数据披露如下： 关于 2025 年第三季度主要经营数据的公告 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 | 49,611,974 | 63,915,054 | 605,859,654.10 | | 美妆 | 14,338,725 | 8,700,175 | 353,885,916.16 | | 创新 | 19,886,469 | 15,560,797 | 158,248,088.59 | | 海外 | 29,273,055 | 21,821,670 | 364,586,808.67 | 注：个护（含六神、美加净品牌）、美妆（含玉泽、佰草集、双妹、典萃品牌）、 创新（含启初、家安、高夫等品牌）、海外（汤美星等品牌）。 二、主要产品和原材料的 ...

证券代码：600315 证券简称：上海家化 公告编号：2025-051 上海家化联合股份有限公司 关于召开 2025 年第三季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。 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 11 月 07 日（星期五）至 11 月 13 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"）已于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于广大投资者更全 面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划 于 2025 年 11 月 14 日（星期五） 16:00-17:00 举行 2025 年第三季 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 ...