1月15日，倍加洁盘中下跌2.02%，截至10:08，报35.42元/股，成交1554.96万元，换手率0.43%，总市值 35.58亿元。 资料显示，倍加洁集团股份有限公司位于江苏省扬州市广陵区杭集工业园，成立日期1997年1月8日，上 市日期2018年3月2日，公司主营业务涉及口腔清洁护理用品以及一次性卫生用品的研发、生产和销售。 主营业务收入构成为：其他产品35.13%，牙刷类产品33.23%，湿巾类产品24.81%，益生菌产品6.83%。 倍加洁所属申万行业为：美容护理-个护用品-洗护用品。所属概念板块包括：跨境电商、多胎概念、小 盘、出海概念等。 截至9月30日，倍加洁股东户数9788.00，较上期增加104.47%；人均流通股10262股，较上期减少 51.09%。2025年1月-9月，倍加洁实现营业收入11.19亿元，同比增长18.75%；归母净利润7706.74万元， 同比增长84.58%。 责任编辑：小浪快报 资金流向方面，主力资金净流入21.97万元，大单买入124.30万元，占比7.99%，卖出102.32万元，占比 6.58%。 倍加洁今年以来股价涨17.75%，近5个交易日涨11.1 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 001328 | 登康口腔 | 40.26 | -0.84% | 2.25万 | 9008.93万 | | 603193 | 润本股份 | 24.88 | -0.48% | 3.33万 | 8328.00万 | | 600249 | 两面针 | 5.90 | -0.34% | 15.25万 | 9010.19万 | | 603059 | 倍加洁 | 36.15 | -0.28% | 4.63万 | 1.69亿 | | 300888 | 稳健医疗 | 39.49 | -0.23% | 7.91万 | 3.14亿 | | 301108 | 洁雅股份 | 35.88 | -0.19% | 2.51万 | 8965.44万 | | 002511 | 中顺洁柔 | 8.35 | 0.36% | 21.48万 | 1.79亿 | | 301009 | 可靠股份 | 13.57 | 0.44% | 7.31万 | 9864.85万 | | 605009 | 豪悦 ...

Market Overview - The personal care products sector experienced a slight decline of 0.03% on January 13, with Baiya Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable gainers in the personal care sector included: - Dengkang Oral Care (001328) with a closing price of 40.60, up 6.17% [1] - Beijia Clean (603059) with a closing price of 36.25, up 3.93% [1] - Jieya Co., Ltd. (301108) with a closing price of 35.95, up 3.72% [1] - Other stocks showed mixed performance, with some experiencing declines, such as: - Two-Sided Needle (600249) down 0.67% to 5.92 [1] - Zhongshun Jiesang (002511) down 0.95% to 8.32 [1] Capital Flow - The personal care products sector saw a net inflow of 17.19 million yuan from institutional investors, while retail investors experienced a net outflow of 20.21 million yuan [2] - The capital flow for individual stocks indicated that: - Reliable Co., Ltd. (301009) had a net inflow of 10.73 million yuan from institutional investors [3] - Beijia Clean (603059) faced a net outflow of 3.99 million yuan from institutional investors [3]

倍加洁 20260112 摘要 贝佳洁公司近年来的业务发展情况如何？ 贝佳洁公司原本主要从事牙刷等客户代工业务，近年来保持平稳增长。自 2021 年起，公司陆续收购了舒客牙膏和益生菌企业善恩康，逐步转型为品牌 和原料企业。2025 年前三季度，公司收入达 11.19 亿元，同比增长 19%；利 润为 0.77 亿元，同比增长 85%。其中，益生菌业务在 2025 年上半年实现收 入 5,000 万元，同比增长 82%，并实现盈利 838 万元，相较于 2024 年同期 的亏损状态有显著改善。预计全年益生菌业务将继续快速增长，并成为公司新 的收入和利润增长点。 益生菌是中国保健品行业的重要组成部分，抖音平台 2025 年 GMV 约 为 60 亿元，同比增长超过 30%，预计 2026 年仍将保持双位数增长。 LifeFace、万伊兰和女推兰等品牌占据较高市场份额。 Generated Engine Optimization (GEO) 是一种优化内容以提升其在 AI 工具中可见性的策略，有望替代传统 SEO。壹网壹创等头部代运营商 已开始布局 AI 应用，若羽臣等公司将受益于 GEO 带来的新机遇。 益生菌市 ...

Macroeconomic Insights - The US unemployment rate fell to 4.4% in December, down from a revised 4.5% in November, indicating a temporary halt in concerns over job market deterioration[11] - The US manufacturing PMI declined while the services PMI increased, reflecting mixed economic signals[7] - Consumer confidence in the US continued to recover in January, with inflation expectations slightly rising[7] Market Trends - Risk assets generally rose in the week of January 2-9, 2026, with major economies' stock markets and commodity prices increasing[7] - The 10-year US Treasury yield rose by 5.7%, while domestic 10Y government bond futures prices fell by 0.1%[7] - The dollar index increased by 0.7%, with the USD/CNY exchange rate at 6.98, indicating a slight appreciation of the yuan[7] Sector Performance - The AI application sector is expected to see significant growth, with a projected compound annual growth rate (CAGR) of over 35% for the AI industry and over 63% for the large model market[23] - The consumer electronics sector, particularly smart glasses, is experiencing rapid growth, with a projected 110% year-on-year increase in global shipments in the first half of 2025[38] Investment Recommendations - It is advised to overweight A/H shares due to multiple factors supporting Chinese equity performance, including an expected expansion of the fiscal deficit and a more aggressive economic policy[18] - Gold is recommended for overweight allocation due to its strong resilience and safe-haven attributes amid rising geopolitical uncertainties[20] - The report suggests a cautious approach to oil investments, recommending a lower allocation due to expected price pressures from geopolitical events and US policy directions[20]

公 司 研 究 股票研究 /[Table_Date] 2026.01.09 2026-01-12 主业稳健，益生菌贡献新增长点 倍加洁(603059) | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 1,067 | 1,299 | 1,511 | 1,729 | 1,966 | | (+/-)% | 1.6% | 21.8% | 16.3% | 14.5% | 13.7% | | 净利润(归母) | 93 | -77 | 99 | 132 | 174 | | (+/-)% | -4.9% | -183.6% | 228.4% | 33.4% | 31.3% | | 每股净收益(元) | 0.92 | -0.77 | 0.99 | 1.32 | 1.73 | | 净资产收益率(%) | 7.4% | -7.8% | 9.2% | 11.1% | 12.8% | | 市盈率(现价&最新股本摊薄) | 34.43 | — | 32 ...

Market Overview - The personal care products sector increased by 1.28% on January 12, with Beijia leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up by 1.09%, while the Shenzhen Component Index closed at 14366.91, up by 1.75% [1] Stock Performance - Beijia (603059) closed at 34.88, with a rise of 10.00% and a trading volume of 21,500 lots, resulting in a transaction value of 74.26 million yuan [1] - Haoyue Care (605009) closed at 32.52, up by 2.59%, with a trading volume of 38,600 lots and a transaction value of 124 million yuan [1] - Reliable Co. (301009) closed at 13.11, increasing by 1.55%, with a trading volume of 47,100 lots and a transaction value of 61.36 million yuan [1] - Other notable stocks include: - Wenjian Medical (300888) at 39.73, up by 1.43% [1] - Runben Co. (603193) at 25.33, up by 1.40% [1] - Liangmian Needle (600249) at 5.96, up by 1.36% [1] Capital Flow - The personal care products sector experienced a net outflow of 1.1334 million yuan from institutional investors, while retail investors saw a net inflow of 5.4803 million yuan [2] - The overall capital flow indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2] Detailed Capital Flow Analysis - Beijia (603059) had a net inflow of 23.84 million yuan from institutional investors, but a net outflow of 9.50 million yuan from speculative funds [3] - Haoyue Care (605009) saw a net inflow of 18.45 million yuan from institutional investors, with a net outflow of 12.29 million yuan from speculative funds [3] - Reliable Co. (301009) experienced a net outflow of 5.92 million yuan from institutional investors, while retail investors contributed a net inflow of 6.46 million yuan [3]

国泰海通晨报 2026 年 01 月 12 日 国泰海通证券股份有限公司 研究所 [汤蔚翔 Table_Authors] (分析师) 电话：021-38676172 邮箱：tangweixiang@gtht.com 登记编号：S0880511010007 [Table_ImportantInfo] 今日重点推荐 021-38038433 hanchaohui@gtht.com S0880523110001 张剑宇(研究助理) 021-38674711 zhangjianyu@gtht.com S0880124030031 梁中华(分析师) 021-23219820 liangzhonghua@gtht.com 宏观快报点评：《核心通胀韧性仍在》2026-01-09 12 月 CPI 同比增速+0.8%，环比+0.2%；PPI 同比增速-1.9%，环比回升至 0.2%。12 月通胀保持稳 步回升。食品价格低基数是 CPI 的主要贡献，核心通胀环比依然处于季节性上沿，同比维持稳定 （+1.2%）。12 月的金价重拾涨势是核心通胀维持韧性的关键，但中长期回升依然需要居民资产负债 表的持续修复。PPI 环比在 12 ...

Market Overview - The personal care products sector increased by 0.64% on January 9, with Dengkang Oral leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Stock Performance - Key stocks in the personal care sector showed varied performance, with Dengkang Oral closing at 39.19, up 1.79% on a trading volume of 15,000 shares and a transaction value of 58.84 million yuan [1] - Other notable performers included: - Zhongshun Jierou at 8.38, up 1.09%, with a trading volume of 164,500 shares and a transaction value of 137 million yuan [1] - Wanjian Medical at 39.17, up 1.03%, with a transaction value of 166 million yuan [1] - Liangmian Needle at 5.88, up 1.03%, with a trading volume of 119,500 shares and a transaction value of 69.76 million yuan [1] Capital Flow - The personal care products sector experienced a net outflow of 9.1265 million yuan from institutional investors and 14.5833 million yuan from speculative funds, while retail investors saw a net inflow of 23.7098 million yuan [2] - Detailed capital flow for specific stocks included: - Runben Co. with a net inflow of 4.5229 million yuan from institutional investors, but a net outflow of 6.0816 million yuan from speculative funds [3] - Yiyi Co. had a net outflow of 51,000 yuan from institutional investors, but a net inflow of 619.27 million yuan from retail investors [3] - Dengkang Oral saw a net outflow of 1.5334 million yuan from institutional investors [3]

Market Overview - The personal care products sector increased by 0.52% on January 8, with Beijia leading the gains [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] Stock Performance - Beijia (603059) closed at 31.87, up 3.78% with a trading volume of 26,700 shares and a transaction value of 84.12 million yuan [1] - Reliable Co. (301009) closed at 12.93, up 1.41% with a trading volume of 29,000 shares [1] - HaoYue Care (600509) closed at 31.74, up 1.15% with a trading volume of 22,200 shares [1] - Other notable stocks include Jeya Co. (301108) at 34.39 (+0.88%), Liangmian Needle (600249) at 5.82 (+0.87%), and Runben Co. (603193) at 24.84 (+0.44%) [1] Capital Flow - The personal care products sector experienced a net outflow of 6.63 million yuan from institutional investors and 11.89 million yuan from speculative funds, while retail investors saw a net inflow of 18.52 million yuan [2] - The capital flow for individual stocks shows that Baia Co. (003006) had a net inflow of 5.69 million yuan from institutional investors, while it faced a net outflow of 12.99 million yuan from speculative funds [3] - Jeya Co. (301108) had a net outflow of 3.41 million yuan from institutional investors, but a net inflow of 2.17 million yuan from retail investors [3]