登录新浪财经APP 搜索【信披】查看更多考评等级 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。 ● 本次注销股份的有关情况： ■ 一、本次限制性股票回购注销的决策与信息披露 （一）2025年6月26日，公司召开第四届董事会第五次会议和第四届监事会第四次会议，审议通过了 《关于调整2022年限制性股票激励计划回购价格的议案》、《关于回购注销部分股权激励限制性股票的 议案》。鉴于公司2024年年度权益分派已于2025年6月实施完成，根据本激励计划的规定，将授予的限 制性股票回购价格由54.203元/股调整为53.013元/股；鉴于授予的14名激励对象已离职而不再符合激励 条件，同意将对其已获授但尚未解除限售的242,424股限制性股票进行回购注销。综上，本次回购注销 的限制性股票合计242,424股。 （二）公司本次回购注销限制性股票将涉及注册资本减少，根据《中华人民共和国公司法》等相关法 律、法规的规定，公司已就上述股份回购注销事项履行了通知债权人程序，具体内容详见公司于2025年 6月27日披露的《珀莱雅化妆品股份有限公司关 ...

Core Viewpoint - The company, Proya Cosmetics Co., Ltd., is implementing a buyback and cancellation of 242,424 restricted stocks due to the departure of 14 incentive recipients who no longer meet the incentive conditions [2][4][5]. Group 1: Buyback and Cancellation Details - The buyback and cancellation of restricted stocks is based on the company's 2022 Restricted Stock Incentive Plan, which stipulates that stocks granted to individuals who have left the company must be repurchased [2][4]. - The decision for the buyback was approved during the board meetings held on June 26, 2025, where the repurchase price was adjusted from 54.203 yuan per share to 53.013 yuan per share [3][6]. - The company has completed the necessary procedures for notifying creditors regarding the stock buyback and has not received any claims from creditors [3][4]. Group 2: Stock Structure Changes - After the buyback, the total number of restricted stocks remaining under the incentive plan will be 600,096 shares [7]. - The company has opened a special securities account for the buyback and expects the cancellation of the stocks to be completed by August 21, 2025 [8]. Group 3: Legal Compliance and Commitments - The board of directors has confirmed that the buyback process complies with relevant laws and regulations, ensuring that the rights of the incentive recipients and creditors are not harmed [10][12]. - A legal opinion has been issued confirming that the buyback adheres to the necessary legal procedures and disclosure obligations [11][12].

Group 1 - The stock price of Proya reached 84.50 yuan as of the close on August 18, 2025, with an increase of 1.45 yuan, representing a rise of 1.75% [1] - The trading volume on that day was 102,835 hands, with a turnover of 868 million yuan and a fluctuation of 3.29% [1] - Proya is primarily engaged in the research, production, and sales of cosmetics, covering various categories such as skincare, makeup, and cleansing [1] Group 2 - On the evening of August 18, the company announced the repurchase and cancellation of 242,424 restricted stocks held by 14 former incentive targets from the 2022 restricted stock incentive plan, with the cancellation date set for August 21, 2025 [1] - On August 18, the net inflow of main funds into Proya was 62.29 million yuan, with a net inflow of 32.09 million yuan over the past five days [1]

证券代码：603605 证券简称：珀莱雅 公告编号：2025-037 债券代码：113634 债券简称：珀莱转债 珀莱雅化妆品股份有限公司 关于2022年限制性股票激励计划部分限制性股票 回购注销实施公告 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： ? 回购注销原因：根据珀莱雅化妆品股份有限公司（以下简称"公司"） 《2022 年限制性股票激励计划（草案）》 （以下简称"《激励计划》"）的相关规定，鉴 于公司 2022 年限制性股票激励计划（以下简称"本激励计划"）授予的 14 名激 励对象已离职而不再符合激励条件，公司将回购注销其已获授但尚未解除限售的 限制性股票 242,424 股。综上，本次回购注销的限制性股票合计 242,424 股。 ? 本次注销股份的有关情况： 回购股份数量 注销股份数量 注销日期 一、本次限制性股票回购注销的决策与信息披露 （一）2025年6月26日，公司召开第四届董事会第五次会议和第四届监事会 第四次会议，审议通过了《关于调整2022年限制性股票激励计划回购价格的议 案》、《 ...

证券日报网讯 8月18日晚间，珀莱雅发布关于2022年限制性股票激励计划部分限制性股票回购注销实施 公告称，根据公司《2022年限制性股票激励计划（草案）》的相关规定，鉴于公司2022年限制性股票激 励计划授予的14名激励对象已离职而不再符合激励条件，公司将回购注销其已获授但尚未解除限售的限 制性股票242，424股。注销日期：2025年8月21日。 （文章来源：证券日报） ...

Core Viewpoint - The article discusses the transformation of the brand HAPSODE under Proya, emphasizing its shift from being an "oil skin care expert" to a "young skin research brand," targeting the Z generation's desire for high efficacy and emotional resonance in skincare products [3][22]. Group 1: Brand Transformation and Strategy - HAPSODE has undergone a comprehensive rebranding, introducing the YOUTHLAB research laboratory to focus on young skin issues and develop personalized solutions [3][26]. - The new brand declaration "Young Research, Vitality" encapsulates Proya's multi-brand strategy and aims to decode the skincare challenges faced by the Z generation [3][22]. - The brand's visual identity has been revamped to convey professionalism and vitality, appealing to the emotional and rational needs of young consumers [23][24]. Group 2: Scientific Research and Product Development - Proya's research indicates that the complexity of young skin is influenced by emotional factors, with the skin acting as an "emotional organ" [5][21]. - The YOUTHLAB has developed a "dual oil sensitivity control system" targeting overactive sebaceous glands, which are identified as the root cause of various skin issues [5][6]. - The flagship product, the "Redness Repair Essence 2.0," features 98% high-purity Kava extract and aims for rapid redness reduction and oil control [6][8]. Group 3: Market Position and Financial Performance - HAPSODE's revenue reached 332 million yuan in 2024, marking a 9.41% year-on-year growth, highlighting its role in Proya's youth-oriented brand strategy [33]. - The brand targets a diverse demographic, including trend-loving Z generation consumers and quality-seeking professionals, with a price range that offers strong value [33]. - Proya's commitment to R&D is evident, with a budget of 210 million yuan for 2024 and a growing number of patents, reinforcing its innovative capabilities [17]. Group 4: Emotional Engagement and Consumer Connection - The brand recognizes that skincare issues are often reflections of emotional states, leading to a focus on emotional communication in marketing strategies [22][32]. - Collaborations with popular youth icons, such as Ricky from the boy band ZEROBASEONE, aim to create relatable brand ambassadors that resonate with the target audience [27][30]. - The brand's approach combines scientific efficacy with emotional support, aligning with the Z generation's values of self-fulfillment and mental well-being [32][33].

Group 1: Stock Recommendations - Geely Automobile is rated as a "Buy" with a target price of HKD 25.00, representing a potential upside of 25%[5] - Li Auto is rated as a "Buy" with a target price of HKD 72.00, indicating a potential upside of 7%[5] - Sany International is rated as a "Buy" with a target price of HKD 8.70, suggesting a potential upside of 22%[5] - Luckin Coffee is rated as a "Buy" with a target price of USD 44.95, indicating a potential upside of 17%[5] - Tencent is rated as a "Buy" with a target price of HKD 705.00, representing a potential upside of 19%[5] Group 2: Performance Overview - The basket of 26 long positions had an average return of 4.7%, compared to the MSCI China Index return of 5.2%[10] - Out of the 26 stocks, 11 stocks outperformed the benchmark[10] - The report includes a total of 26 stocks with varying sectors such as automotive, technology, and healthcare[5]

| 证券代码：603605 | 证券简称：珀莱雅 | 公告编号：2025-037 | | --- | --- | --- | | 债券代码：113634 | 债券简称：珀莱转债 | | 珀莱雅化妆品股份有限公司 关于2022年限制性股票激励计划部分限制性股票 回购注销实施公告 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： 回购注销原因：根据珀莱雅化妆品股份有限公司（以下简称"公司"）《2022 年限制性股票激励计划（草案）》（以下简称"《激励计划》"）的相关规定，鉴 于公司 2022 年限制性股票激励计划（以下简称"本激励计划"）授予的 14 名激 励对象已离职而不再符合激励条件，公司将回购注销其已获授但尚未解除限售的 限制性股票 242,424 股。综上，本次回购注销的限制性股票合计 242,424 股。 本次注销股份的有关情况： | 回购股份数量 | 注销股份数量 | 注销日期 | | --- | --- | --- | | 242,424 股 | 242,424 股 | 2025 年 8 月 21 日 ...

国浩律师（杭州）事务所 关于 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 珀莱雅化妆品股份有限公司 2022 年限制性股票激励计划 部分限制性股票回购注销实施 之 法律意见书 二〇二五年八月 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关于 珀莱雅化妆品股份有限公司 2022 年限制性股票激励计划 部分限制性股票回购注销实施 之 法律意见书 致：珀莱雅化妆品股份有限公司 根据珀莱雅化妆品股份有限公司（以下简称"珀莱雅"或"公司"）与国浩 律师（杭州）事务所（以下简称"本所"）签订的法律 ...

Core Insights - The number of stocks priced over 100 yuan in the A-share market has significantly increased, reaching 122 on August 15, marking a new high in nearly 506 trading days [2][4][5]. Market Activity - The average daily number of stocks priced over 100 yuan exceeded 110 in August, indicating heightened market activity [3]. - The A-share market has shown strong performance, with the Shanghai Composite Index reaching a new phase high and northbound capital transactions surpassing 300 billion yuan for the first time this year [2]. Stock Characteristics - The 122 stocks priced over 100 yuan are distributed across 16 industries, with the electronics sector having the highest representation at 36 stocks, followed by computer and pharmaceutical industries [7]. - These stocks are primarily from the innovation-driven sectors, with 52 from the Sci-Tech Innovation Board and 38 from the Growth Enterprise Market [7]. Financial Metrics - Stocks priced over 100 yuan exhibit stronger earnings growth potential, with projected net profit growth rates exceeding 17% for 2023 and 2024, while non-100 yuan stocks are expected to see declines [8][11]. - The average price-to-earnings ratio of these high-priced stocks is competitive compared to their industry peers, with 29.51% classified as undervalued [8]. Institutional Interest - Nearly 80% of stocks priced over 100 yuan have received institutional research attention, significantly higher than the less than 50% for non-100 yuan stocks [8][11]. - The financing balance for these stocks has increased by over 30% since the end of last year, compared to less than 11% for non-100 yuan stocks [8][11]. Potential High-Value Stocks - A selection of 17 potential high-value stocks has been identified, all priced between 80 and 100 yuan, with strong institutional interest and projected earnings growth [12]. - These stocks are primarily concentrated in the innovation sectors, particularly in semiconductors and humanoid robotics [12][14].