Market Overview - The personal care products sector rose by 2.89% on September 4, with Jieya Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Jieya Co., Ltd. (301108) closed at 34.40, up 13.16% with a trading volume of 72,700 shares and a turnover of 243 million yuan [1] - Yiyi Co., Ltd. (001206) closed at 26.72, up 10.00% with a trading volume of 131,800 shares and a turnover of 342 million yuan [1] - Dengkang Oral Care (001328) closed at 43.55, up 7.40% with a trading volume of 53,000 shares and a turnover of 226 million yuan [1] - Other notable performers include Ziya Co., Ltd. (003006) up 5.13%, and Liangmian Needle (600249) up 3.29% [1] Capital Flow - The personal care products sector saw a net inflow of 56.24 million yuan from institutional investors, while retail investors experienced a net outflow of 6.89 million yuan [2] - The main capital inflow was observed in Yiyi Co., Ltd. with 64.76 million yuan, while the largest outflow was from Jieya Co., Ltd. with 22.08 million yuan [3] Individual Stock Analysis - Jieya Co., Ltd. had a main capital inflow of 3.69 million yuan, but retail investors showed a net outflow of 22.07 million yuan [3] - Dengkang Oral Care experienced a net outflow of 4.13 million yuan from main capital, while retail investors had a net inflow of 14.52 million yuan [3] - Ziya Co., Ltd. had a net inflow of 3.36 million yuan from main capital, with a slight outflow from retail investors [3]

证券之星消息，9月2日个护用品板块较上一交易日下跌1.26%，豪悦护理领跌。当日上证指数报收于 3858.13，下跌0.45%。深证成指报收于12553.84，下跌2.14%。个护用品板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002511 | 中顺洁桑 | = 503.43万 | 3.27% | -772.55万 | -5.03% | 269.11万 | 1.75% | | 300658 延江股份 | | 109.09万 | 2.07% | -253.60万 | -4.81% | 144.51万 | 2.74% | | 003006 自亚股份 | | 106.92万 | 1.54% | -64.40万 | -0.93% | -42.52万 | -0.61% | | 600249 | 两面针 | -183.79万 | -1.96% | 164.05万 | 1.75% | 19.74万 | 0 ...

Group 1 - The stock of Haoyue Care (605009) experienced a limit down today, with a turnover rate of 5.21% and a transaction amount of 408 million yuan, showing a fluctuation of 7.29% [2] - Institutional investors net sold 35.25 million yuan, while the Shanghai Stock Connect saw a net sell of 21.41 million yuan, with a total net buy from brokerage seats of 10.49 million yuan [2] - The stock was listed on the exchange due to a daily decline deviation of -10.46%, with significant net selling from institutional and Shanghai Stock Connect investors [2] Group 2 - For the first half of the year, Haoyue Care reported operating revenue of 1.76 billion yuan, a year-on-year increase of 34.03%, while net profit was 148 million yuan, a year-on-year decrease of 23.47% [3] - The top five trading departments accounted for a total transaction of 154 million yuan, with a buying amount of 53.86 million yuan and a selling amount of 100 million yuan, resulting in a net sell of 46.17 million yuan [2] - The main capital outflow for the stock today was 123 million yuan, with a significant outflow of 103 million yuan from large orders over the past five days [2]

Market Overview - The personal care products sector experienced a decline of 1.87% on September 1, with Haoyue Care leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Notable stock performances include: - Yiyi Co., Ltd. (001206) closed at 25.98, up 2.81% with a trading volume of 91,800 shares and a turnover of 238 million yuan [1] - Haoyue Care (605009) closed at 36.35, down 10.00% with a trading volume of 111,800 shares and a turnover of 408 million yuan [2] - Zhongshun Jierou (002511) closed at 8.64, down 1.48% with a trading volume of 186,900 shares and a turnover of 162 million yuan [2] Capital Flow - The personal care products sector saw a net outflow of 147 million yuan from institutional investors, while retail investors experienced a net inflow of 98.24 million yuan [2] - The capital flow for individual stocks shows: - Ziya Co., Ltd. (003006) had a net inflow of 6.03 million yuan from institutional investors [3] - Haoyue Care (605009) had a significant net outflow of 622.31 million yuan from institutional investors [3]

Core Viewpoint - Haoyue Care (605009.SH) experienced a limit down, with its stock price reaching a new low since mid-April this year, resulting in a total market value of 7.82 billion [1] Financial Performance - The company reported a total operating revenue of 1.76 billion, representing a year-on-year increase of 34.03% [1] - The net profit attributable to the parent company was 148 million, showing a year-on-year decline of 23.47% [1] - In the second quarter, the operating revenue was 849 million, reflecting a year-on-year increase of 26.07% [1] - The net profit attributable to the parent company in the second quarter was 57.87 million, which is a year-on-year decrease of 46.55% [1] Expense Analysis - The proportion of three major expenses (financial, sales, and management) significantly increased, with the total expenses as a percentage of total revenue rising by 126.14% year-on-year [1]

Summary of the Conference Call for HaoYue Care Company Overview - **Company**: HaoYue Care - **Industry**: Baby and adult hygiene products Key Points Financial Performance - In the first half of 2025, HaoYue Care achieved revenue of 3.3 billion yuan, a year-on-year increase of 3.13%, but net profit significantly declined due to high sales expenses, with a sales expense ratio reaching 43% [2][4] - For Q2 2025, revenue was 8.5 billion yuan, a year-on-year growth of 26.07%, but net profit fell by 46% to 580 million yuan [3] - The gross margin for Q2 was 31.36%, an increase of 1.05 percentage points year-on-year, while the net margin was 6.82%, a decrease of approximately 9 percentage points [3] Product and Market Strategy - HaoYue Care is focusing on promoting new products with higher unit prices and gross margins to enhance overall profitability [2][3] - The company has launched several new products, leading to increased sales expenses, particularly in online marketing [6] - The company’s own brands, such as Thailand's Sunny Baby and domestic wet wipes, have achieved double-digit growth, but face challenges from changes in TikTok platform rules and intensified competition [2][12] International Expansion - HaoYue Care is investing in overseas markets, specifically in Peru and Tanzania, to leverage geographical advantages and cost benefits [5] - The Peru project aims to serve the entire Latin American market, while the Tanzania project targets the rapidly growing East African market [5] - The construction period for these projects is expected to be around two years, with some production lines potentially starting earlier [7] ODM and Competitive Landscape - The ODM business for diapers saw double-digit growth in Q1 2025, but faced a decline in Q2 due to negative events affecting a key client [18] - The company has adjusted pricing strategies to maintain good relationships with downstream clients amid rising logistics costs [14] Future Outlook - The company anticipates that the recent government policies promoting childbirth will eventually lead to an increase in newborn birth rates, positively impacting the baby hygiene products market [19] - Future sales strategies will focus on balancing revenue growth with profitability, especially during the upcoming consumer goods sales peak season [6][8] Challenges and Adjustments - The company is facing increased sales expenses due to the need for higher marketing investments to maintain market presence [14] - Adjustments in sales strategies are planned to respond to competitive pressures and changes in market dynamics [13] Dividend and Buyback Plans - HaoYue Care has maintained a high dividend payout rate but did not declare a dividend for mid-2025 due to ongoing overseas investment plans [20] - Future dividend and buyback decisions will depend on profitability in the upcoming quarters [20]

杭州豪悦护理用品股份有限公司 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。 一、董事会会议召开情况 证券代码：605009 证券简称：豪悦护理 公告编号：2025-041 （二）审议通过《关于制定 <外汇套期保值业务管理制度> 的议案》 具体内容详见公司披露于上海证券交易所网站（www.sse.com.cn）的《外汇 套期保值业务管理制度》。 表决结果：7 票同意，0 票反对，0 票弃权。 杭州豪悦护理用品股份有限公司（以下简称"公司"）第三届董事会第十六 次会议于 2025 年 8 月 29 日在公司会议室以现场结合通讯的方式召开，会议通知 已于 2025 年 8 月 19 日通过邮件的方式送达全体董事。本次会议由董事长李志彪 先生主持，会议应出席董事 7 人，实际出席董事 7 人。公司监事、高级管理人员 列席本次会议。本次会议的召集、召开符合《公司法》 《公司章程》的有关规定， 决议内容合法有效。 二、董事会会议审议情况 （一）审议通过《2025 年半年度报告及其摘要》 本议案已经公司第三届董事会审计委员会第九次会议事前 ...

Group 1 - The third meeting of the supervisory board of Hangzhou Haoyue Nursing Products Co., Ltd. was held on August 29, 2025, with all three supervisors present, confirming compliance with relevant laws and regulations [1][2] - The supervisory board approved the 2025 semi-annual report, stating that the report accurately reflects the company's operational and management status during the reporting period, with no false records or omissions [1][2] - The board also approved a proposal to conduct foreign exchange hedging business, which is deemed beneficial for mitigating the adverse effects of exchange rate fluctuations on the company's operations [2]

证券日报网讯8月29日晚间，豪悦护理（605009）发布公告称，截至本公告发布日，公司及子公司不存 在逾期担保的情况。 ...

（文章来源：证券日报） 证券日报网讯 8月29日晚间，豪悦护理发布公告称，公司第三届监事会第十二次会议审议通过了《2025 年半年度报告及其摘要》《关于开展外汇套期保值业务的议案》。 ...