Group 1 - The company, Proya, announced that as of January 31, 2026, it has repurchased a total of 290,800 shares through centralized bidding, which represents 0.07% of the company's current total share capital [2]

Group 1 - The cosmetics sector experienced a decline of 1.5% on February 2, with Proya leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] - Key individual stock performances in the cosmetics sector included Jinsong New Material up 2.33% and Beitaini up 0.88%, while several others like Fuhua and Bawei saw declines of 1.87% and 1.77% respectively [1] Group 2 - The cosmetics sector saw a net outflow of 75.895 million yuan from main funds, while retail funds experienced a net inflow of 77.0999 million yuan [2] - The individual stock fund flow data indicated that Water Sheep Co. had a main fund net inflow of over 5.3075 million yuan, while Shanghai Jahwa had a net outflow of 2.71908 million yuan from retail investors [3] - The overall market sentiment reflected a mixed response, with some stocks like Beitaini and Shanghai Jahwa attracting different levels of investment from main and retail funds [3]

Group 1 - The company Proya announced on February 2 that as of January 31, 2026, it has repurchased approximately 290,000 shares through centralized bidding, accounting for 0.07% of the company's total share capital [1] - The highest repurchase price was 73 RMB per share, while the lowest was 69.76 RMB per share, with a total expenditure of approximately 20.5 million RMB [1] Group 2 - The automotive sales giant Baolide, known for selling luxury cars such as Rolls-Royce and Porsche, is now undergoing bankruptcy liquidation, with its headquarters in Hangzhou reportedly abandoned and its subsidiary in Yiwu sealed [1]

| 证券代码：603605 | 证券简称：珀莱雅 | 公告编号：2026-005 | | --- | --- | --- | | 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 二、 回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》的相关规定，公司在回购股份期间，应当在每个月的前 3 个交 易日内公告截至上月末的回购进展情况，现将回购进展情况公告如下： 关于股份回购进展公告 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： | 回购方案首次披露日 | 2025/12/31 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 12 月 | 年 | 12 | 月 | 30 | 日~2026 | 年 | 29 日 | | 预计回购金额 | 8,000万元~15,000万元 | | | | | | | ...

Group 1 - The company, Proya (603605.SH), announced that as of January 31, 2026, it has repurchased a total of 290,800 shares through centralized bidding, representing 0.07% of the company's current total share capital [1] - The highest price for the repurchased shares was 73.00 CNY per share, while the lowest price was 69.76 CNY per share [1] - The total amount of funds used for the share repurchase was 20,497,169.00 CNY, excluding transaction costs such as stamp duty and commissions [1]

Group 1 - The company, Proya (603605.SH), announced a share buyback program, having repurchased a total of 290,800 shares as of January 31, 2026, which represents 0.07% of its total share capital [1] - The highest price paid for the repurchased shares was 73.00 CNY per share, while the lowest price was 69.76 CNY per share [1] - The total amount spent on the share buyback was 20,497,169.00 CNY, excluding transaction costs such as stamp duty and commissions [1]

行 业 及 产 业 美容护理 2026 年 02 月 01 日 行 业 研 究 / 行 业 点 评 相关研究 证券分析师 王立平 A0230511040052 wanglp@swsresearch.com 王盼 A0230523120001 wangpan@swsresearch.com 聂霜 A0230524120002 nieshuang@swsresearch.com 联系人 王立平 A0230511040052 wanglp@swsresearch.com 业绩预告彰显板块景气度，建议关注节前促销 看好 ——化妆品医美行业周报 20260201 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 证 券 研 究 报 告 - ⚫ 本阶段化妆品医美板块表现弱于市场。2026 年 1 月 23 日至 2026 年 1 月 30 日期间， 申万美容护理指数下滑 3.8%，表现弱于市场。其中，申万化妆品指数下滑 3.6%，弱于 申万 A 指 1.9pct；申万个护用品指数下滑 4.6%，弱于申万 A 指数 3.0pct。 ⚫ 周观点：业绩预告彰显板块景气度 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the emergence of HBN, a leading domestic skincare brand, which has submitted its prospectus to the Hong Kong Stock Exchange, indicating strong growth potential in the efficacy skincare market [3][24] - The report emphasizes the importance of emotional consumption themes and recommends high-quality companies in high-growth sectors, including gold and jewelry, offline retail, cosmetics, and medical aesthetics [6][49] Summary by Sections Retail and Social Services Market Review - For the week of January 26 to January 30, the retail and social services indices closed at 2435.34 points and 9283.84 points, respectively, with declines of 4.18% and 3.45% [5][14] - The jewelry sector showed the highest growth, with a weekly increase of 7.07% and a year-to-date increase of 19.39% [15][18] Industry Dynamics: HBN and Efficacy Skincare - HBN, established in 2019, is the largest domestic skincare brand in the efficacy segment, focusing on visible results and innovative product strategies [24][25] - The brand's core products, including the "A Retinol" series, have achieved significant sales milestones, with a strong emphasis on scientific validation and consumer trust [29][33] Investment Recommendations - Investment focus areas include: - Gold and jewelry brands with differentiated product offerings, recommending companies like Laopuhuang and Chaohongji [6][49] - Offline retail companies adapting to market changes, with recommendations for Yonghui Supermarket and Aiyingshi [6][49] - Domestic cosmetics brands that emphasize emotional value and safety, recommending brands like Maogeping and Proya [6][50] - Medical aesthetics firms with unique product lines, recommending Meilitiantian Medical Health and Aimeike [6][51]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the emergence of HBN, a leading domestic skincare brand, which has submitted its prospectus to the Hong Kong Stock Exchange, indicating strong growth potential in the efficacy skincare market [3][24] - The report emphasizes the importance of emotional consumption themes and suggests focusing on high-quality companies in high-growth sectors [6][49] Summary by Sections Industry Performance Overview - The commercial retail and social services indices reported declines of 4.18% and 3.45% respectively during the week of January 26 to January 30, 2026, ranking 26th and 23rd among 31 primary industries [5][14] - The jewelry sector showed the highest growth, with a weekly increase of 7.07% and a year-to-date increase of 19.39% [15][18] Key Industry Developments - HBN, established in 2019, is recognized as the largest domestic skincare brand in the efficacy skincare segment, with a market share of 0.8% in the Chinese improvement skincare market as of 2024 [24][25] - HBN's revenue for the first three quarters of 2025 reached 1.51 billion yuan, a year-on-year increase of 10.2%, with high-efficacy skincare products accounting for 78.6% of total revenue [29] Investment Recommendations - Investment Theme 1: Focus on high-end gold and fashion jewelry brands, recommending companies like Laopuhuangjin and Chaohongji [6][49] - Investment Theme 2: Highlighting retail companies that adapt to emotional value and intelligent trends, with recommendations for Yonghui Supermarket and Aiyingshi [6][49] - Investment Theme 3: Emphasizing beauty and personal care brands that innovate with emotional value and safe ingredients, recommending brands like Maogeping and Pola [6][50] - Investment Theme 4: Targeting differentiated medical beauty product manufacturers and leading medical beauty institutions, recommending companies like Aimeike and Meilitiantian [6][51]

Group 1 - The cosmetics sector experienced a rise of 1.12% on January 29, with Proya leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - Key stocks in the cosmetics sector showed varied performance, with Tian Cai Ya up 2.81% and Jia Heng Jia Hua down 3.79% [2][3] Group 2 - The main capital flow in the cosmetics sector indicated a net outflow of 82.97 million yuan from institutional investors, while retail investors saw a net inflow of 82.61 million yuan [2] - Specific stock performances included Shanghai Jahwa with a net inflow of 17.61 million yuan from institutional investors, while other stocks like Marubi and LaFang experienced net outflows [3]