Company Overview - Yiyi Co., Ltd. is located in the Zhangjiawo Industrial Zone of Xiqing District, Tianjin, established on May 10, 1990, and listed on May 18, 2021. The company specializes in the research, production, and sales of disposable hygiene products and non-woven fabrics [1][2]. Financial Performance - For the first half of 2025, Yiyi Co., Ltd. achieved operating revenue of 888 million yuan, representing a year-on-year growth of 9.34%. The net profit attributable to the parent company was 102 million yuan, with a year-on-year increase of 7.37% [2]. - Since its A-share listing, Yiyi Co., Ltd. has distributed a total of 531 million yuan in dividends, with 389 million yuan distributed over the past three years [3]. Stock Performance - As of September 17, Yiyi Co., Ltd.'s stock price increased by 2.07%, reaching 31.03 yuan per share, with a total market capitalization of 5.737 billion yuan. The stock has risen 94.89% year-to-date, with a 14.54% increase over the past five trading days [1]. - The stock has seen significant trading activity, with a turnover of 114 million yuan and a turnover rate of 3.54% on the same day [1]. Shareholder Information - As of September 10, the number of shareholders for Yiyi Co., Ltd. was 19,200, an increase of 2.18% from the previous period. The average number of circulating shares per shareholder was 5,544, a decrease of 2.13% [2]. - As of June 30, 2025, the top ten circulating shareholders included a notable change, with Yinhua Value Preferred Mixed Fund (519001) exiting the top ten list [3]. Business Segments - The main revenue sources for Yiyi Co., Ltd. include pet pads (86.05%), pet diapers (7.42%), non-woven fabrics (4.85%), and other disposable hygiene products [1].

Market Overview - The personal care products sector experienced a decline of 0.66% on September 15, with Runben Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Key stocks in the personal care sector showed varied performance, with Jieya Co. rising by 3.95% to a closing price of 35.01 [1] - Other notable performers included Yiyi Co. with a 1.58% increase and Stable Medical with a 0.92% increase [1] - Conversely, Runben Co. fell by 2.62% to a closing price of 28.25, marking the largest decline in the sector [2] Trading Volume and Capital Flow - The personal care products sector saw a net outflow of 64.90 million yuan from institutional investors, while retail investors contributed a net inflow of 75.99 million yuan [2][3] - The trading volume for Jieya Co. reached 39,500 shares, with a transaction value of approximately 134 million yuan [1] Individual Stock Analysis - Jieya Co. had a net inflow of 6.89 million yuan from institutional investors, while retail investors showed a net outflow of 1.39 million yuan [3] - Stable Medical also experienced a net inflow of 22.62 million yuan from institutional investors, despite a net outflow from retail investors [3] - Runben Co. faced a significant net outflow of 9.70 million yuan from institutional investors, indicating weaker institutional interest [3]

Company Overview - Yiyi Co., Ltd. is located in the Zhangjiawo Industrial Zone of Xiqing District, Tianjin, and was established on May 10, 1990. The company was listed on May 18, 2021. Its main business involves the research, production, and sales of disposable hygiene products and non-woven fabrics [1][2]. Financial Performance - For the first half of 2025, Yiyi Co., Ltd. achieved operating revenue of 888 million yuan, representing a year-on-year growth of 9.34%. The net profit attributable to the parent company was 102 million yuan, reflecting a year-on-year increase of 7.37% [2]. - Since its A-share listing, Yiyi Co., Ltd. has distributed a total of 531 million yuan in dividends, with 389 million yuan distributed over the past three years [3]. Stock Performance - As of September 15, Yiyi Co., Ltd.'s stock price increased by 2.10%, reaching 29.12 yuan per share, with a total market capitalization of 5.384 billion yuan. The stock has risen 82.89% year-to-date, with a 3.89% increase over the last five trading days, 14.46% over the last 20 days, and 41.49% over the last 60 days [1]. - The stock has seen a net inflow of main funds amounting to 10.3168 million yuan, with significant buying activity from large orders [1]. Shareholder Information - As of September 10, the number of shareholders of Yiyi Co., Ltd. was 19,200, an increase of 2.18% from the previous period. The average number of circulating shares per shareholder was 5,544, a decrease of 2.13% [2]. - As of June 30, 2025, a notable change in institutional holdings occurred, with Yinhua Value Preferred Mixed Fund (519001) exiting the top ten circulating shareholders [3]. Business Segments - The main revenue sources for Yiyi Co., Ltd. include pet pads (86.05%), pet diapers (7.42%), non-woven fabrics (4.85%), nursing pads (0.84%), and other disposable hygiene products [1].

Core Viewpoint - The announcement details the completion of the first lock-up period for the 2024 employee stock ownership plan of Tianjin Yiyi Hygiene Products Co., Ltd, with all performance conditions met for unlocking the shares [1][4][7]. Summary by Sections Employee Stock Ownership Plan Approval and Implementation - The company held meetings on August 15, 2024, and September 2, 2024, to approve the employee stock ownership plan, which was subsequently disclosed [1][2]. Unlocking Conditions Achievement - The first lock-up period for the employee stock ownership plan has been completed, with the company achieving an audited revenue of 1.798 billion yuan for 2024, surpassing the target set for the performance assessment [4][6]. Individual Performance Assessment - All 61 participants in the employee stock ownership plan achieved excellent performance ratings, resulting in a 100% unlocking ratio for the individual level [6][7]. Post-Unlocking Arrangements - Following the completion of the first lock-up period on September 13, 2025, the company plans to sell the unlocked shares based on market conditions and distribute the proceeds to the participants [5][7]. Committee Review - The Board's Compensation and Assessment Committee confirmed that both company-level and individual-level performance metrics met the requirements for unlocking the shares [7].

Core Points - Tianjin Yiyi Hygiene Products Co., Ltd. announced that the first lock-up period of its 2024 employee stock ownership plan is about to expire, with achievement of unlocking conditions [1] - The first batch of stocks granted under the plan will be unlocked in three phases, with the first phase corresponding to company-level performance assessment [1] - The company's audited consolidated revenue for 2024 reached 1.798 billion yuan, exceeding the target of 1.671 billion yuan, resulting in a company-level unlocking ratio of 100% [1] - At the individual level, all participants in the first grant achieved excellent performance assessments, leading to an unlocking coefficient of 100% [1] - A total of 617,400 shares are eligible for unlocking, representing 0.33% of the company's current total share capital [1] - The company's management committee will decide when to sell the unlocked shares and distribute the proceeds [1]

天津市依依卫生用品股份有限公司 关于公司 2024 年员工持股计划首次授予部分 第一个锁定期届满暨解锁条件成就的公告 证券代码：001206 证券简称：依依股份 公告编号：2025-059 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 天津市依依卫生用品股份有限公司（以下简称"公司"或"本公司"）于2025 年9月12日召开第四届董事会薪酬与考核委员会2025年第一次会议，审议通过了 《关于2024年员工持股计划首次授予部分第一个锁定期届满暨解锁条件成就的 议案》。鉴于公司2024年员工持股计划（以下简称"本员工持股计划"）第一个 锁定期即将届满，解锁条件已经成就，根据中国证券监督管理委员会《关于上市 公司实施员工持股计划试点的指导意见》以及《深圳证券交易所上市公司自律监 管指引第1号——主板上市公司规范运作》等相关规定，现将有关事项公告如下： 一、本次员工持股计划批准及实施情况 1、公司分别于 2024 年 8 月 15 日召开了第三届董事会第十四次会议和第三 届监事会第十四次会议，于 2024 年 9 月 2 日召开了 2024 年第三次临时股东大会， ...

Market Overview - The personal care products sector experienced a decline of 1.1% on September 12, with Baiya Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Key stocks in the personal care sector showed varied performance, with Jeya Co., Ltd. increasing by 5.01% to a closing price of 34.18 [1] - Other notable movements include: - Yiyi Co., Ltd. up 0.53% to 28.40 - Runben Co., Ltd. down 0.41% to 28.82 - Reliable Co., Ltd. down 0.64% to 13.87 [1][2] Trading Volume and Value - The trading volume and value for selected stocks are as follows: - Jeya Co., Ltd.: 36,300 shares, 123 million yuan - Yiyi Co., Ltd.: 60,500 shares, 175 million yuan - Runben Co., Ltd.: 15,900 shares, 46.01 million yuan [1] Capital Flow Analysis - The personal care products sector saw a net outflow of 24.69 million yuan from institutional investors and 8.31 million yuan from speculative funds, while retail investors had a net inflow of 33 million yuan [2] - Detailed capital flow for selected stocks indicates: - Zhongshun Jierou: 12.26 million yuan net inflow from institutions - Yiyi Co., Ltd.: 6.18 million yuan net inflow from institutions [3] Summary of Individual Stocks - Zhongshun Jierou had a net institutional inflow of 12.26 million yuan, but a net outflow from speculative and retail investors [3] - Reliable Co., Ltd. showed mixed results with a small net inflow from speculative funds but a net outflow from retail investors [3] - Overall, the sector's performance reflects a cautious sentiment among institutional and speculative investors, while retail investors appear to be more active [2][3]

Company Overview - Yiyi Co., Ltd. is located in the Zhangjiawo Industrial Zone, Xiqing District, Tianjin, and was established on May 10, 1990. The company went public on May 18, 2021. Its main business involves the research, production, and sales of disposable hygiene products and non-woven fabrics [2]. Financial Performance - For the period from January to June 2025, Yiyi Co., Ltd. achieved a revenue of 888 million yuan, representing a year-on-year growth of 9.34%. The net profit attributable to the parent company was 102 million yuan, with a year-on-year increase of 7.37% [2]. - Since its A-share listing, Yiyi Co., Ltd. has distributed a total of 531 million yuan in dividends, with 389 million yuan distributed over the past three years [3]. Stock Performance - As of September 12, Yiyi Co., Ltd.'s stock price increased by 3.40%, reaching 29.21 yuan per share, with a total market capitalization of 5.401 billion yuan. The stock has risen 83.46% year-to-date, with a 3.22% increase over the last five trading days, 15.45% over the last 20 days, and 43.60% over the last 60 days [1][2]. - The company has seen a net inflow of main funds amounting to 982,700 yuan, with large orders accounting for 13.16% of total purchases [1]. Shareholder Information - As of September 10, the number of shareholders for Yiyi Co., Ltd. was 19,200, an increase of 2.18% from the previous period. The average circulating shares per person decreased by 2.13% to 5,544 shares [2]. Business Segmentation - The main revenue sources for Yiyi Co., Ltd. include pet pads (86.05%), pet diapers (7.42%), non-woven fabrics (4.85%), and other disposable hygiene products [2].

Group 1 - The company, Yiyi Co., stated on September 11 that as of the market close on September 10, 2025, the total number of shareholders holding its stock is 19,175 [2]

Core Insights - The company held an earnings briefing on September 11, 2025, focusing on its pet business segment, with management addressing investor inquiries regarding revenue growth, competitive strategies, and marketing models [1] Group 1: Pet Business Performance - The company's core product, pet pads, achieved a revenue growth of 7.28% year-on-year in the first half of 2025, aligning with industry growth rates [2] - The company is enhancing customer retention through a differentiated product strategy, targeting younger pet owners and aging pets with a multi-scenario product matrix [2] - In the overseas market, the company holds nearly 40% of the customs export share for similar products, leveraging over 20 years of industry experience [2] Group 2: Financial Performance - In the first half of 2025, the company reported a revenue of 888 million yuan, a year-on-year increase of 9.34%, while net profit attributable to shareholders was 102 million yuan, up 7.37% [3] - The difference in growth rates between net profit and revenue is attributed to product structure optimization and improved production efficiency [3] - The core product, pet pads, maintained stable growth despite tariff disruptions, while pet urine pads experienced a significant growth of 40.58% year-on-year due to increased usage scenarios [3] Group 3: Marketing and Expansion Plans - For the second half of 2025, the company plans to enhance brand influence through innovative marketing models and expand into emerging channels and consumption scenarios [4] - The company aims to establish partnerships with pet brand operators, pet stores, and veterinary hospitals, and will utilize both online and offline marketing strategies [4] - In international markets, the company will focus on developing new markets and customer resources, particularly in Europe, while also considering new sales models for Southeast Asia [4] Group 4: Product Quality and Market Strategy - The company has stated it will not engage in price competition, emphasizing that consumer focus in the pet supplies industry is on product quality [5] - The company is committed to maintaining product quality to protect long-term brand value, with a mission to create perfect pet hygiene care products [5] - The earnings briefing provided a comprehensive response to investor concerns, showcasing the company's development trends and strategic planning in the pet hygiene care product sector [5]