青松股份公告称，2025年公司实现营业收入约22.18亿元，同比上升约14.34%。归属于上市公司股东的 净利润为1.30亿元-1.65亿元，较上年同期的5468.34万元增长137.73%-201.74%；扣非后净利润为9600万 元-1.31亿元，同比增长73.29%-136.47%。业绩增长主要因化妆品行业复苏、执行聚焦战略、控制资本 支出及土地项目处置。该数据未经审计，具体将在年报披露。 ...

每经AI快讯，1月22日，青松股份发布2025年度业绩预告，预计归属于上市公司股东的净利润为1.30亿 元~1.65亿元，比上年同期增长137.73%~201.74%。报告期内，国内化妆品行业整体消费呈稳步复苏态 势，公司客户订单需求有所增长，带动公司营业收入同比增长；预计非经常性损益对当期净利润的影响 约为3400万元（2024年同期为-71.52万元），主要系公司148亩土地项目处置完成所致。 ...

南财智讯1月22日电，青松股份发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 13000万元—16500万元，同比预增137.73%—201.74%；预计2025年全年归属于上市公司股东的扣除非 经常性损益的净利润为9600万元—13100万元，同比预增73.29%—136.47%，报告期内业绩变动的主要 原因：1、国内化妆品行业整体消费呈稳步复苏态势，公司客户订单需求有所增长，带动公司营业收入 同比增长。报告期内公司实现营业收入约为22.18亿元，同比2024年上升约14.34%；2、报告期内，公司 有效执行"聚焦客户、聚焦产品"的两个聚焦战略，通过主动筛选优质客户、聚焦高质量订单，在客户管 理、产品研发、市场开发、成本控制、产品结构调整和人力资源管理等方面深耕细作，有效提升了产品 综合竞争力和盈利水平；3、报告期内，公司继续执行稳中求进的经营计划，坚持以经营效益为导向， 审慎安排资本性支出，资产折旧、摊销规模同比减少；4、报告期内，预计非经常性损益对当期净利润 的影响约为3400万元（2024年同期为-71.52万元），主要系公司148亩土地项目处置完成所致。 ...

证券代码：300132 证券简称：青松股份 公告编号：2026-002 2025 年度业绩预告 福建青松股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形。 （1）以区间数进行业绩预告的 | 项 | 目 | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | | 盈利：13,000 万元 | ～ | 16,500 万元 | 盈利：5,468.34 万元 | | | | 比上年同期增长：137.73% | | ～ 201.74% | | | 扣除非经常性损 益后的净利润 | | 盈利：9,600 万元 | ～ 13,100 | 万元 | 盈利：5,539.86 万元 | | | | 比上年同期增长：73.29% | ～ | 136.47% | | 二、与会计师事务所沟通情况 本次业绩预 ...

Group 1 - The cosmetics sector experienced a slight increase of 0.25% on January 21, with Lafang Jiahua leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Lafang Jiahua's closing price was 22.89, reflecting a rise of 2.10%, with a trading volume of 57,000 shares and a transaction value of 130 million yuan [1] Group 2 - The cosmetics sector saw a net outflow of 55.52 million yuan from institutional investors, while retail investors had a net inflow of 30.86 million yuan [2] - The trading data for various companies showed mixed performance, with some companies like Betaini and Lafang Jiahua experiencing net outflows from institutional investors [3] - Betaini had a net outflow of 14.09 million yuan from institutional investors, while Lafang Jiahua saw a net inflow of 13.43 million yuan [3]

Group 1 - The cosmetics sector experienced a rise of 1.11% on January 20, with Shanghai Jahwa leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] - Key stocks in the cosmetics sector showed varied performance, with Shanghai Jahwa closing at 23.92, up 3.55%, and Qingdao Kingking at 8.34, up 2.96% [1] Group 2 - The cosmetics sector saw a net inflow of 30.3 million yuan from institutional investors, while retail investors experienced a net outflow of 54.5 million yuan [2] - Notable individual stock performances included Shanghai Jahwa with a net inflow of 20.5 million yuan from institutional investors, and Qingdao Kingking with a net inflow of 23.3 million yuan [3] - The overall market sentiment reflected a mixed response, with some stocks like Banlaya experiencing significant net outflows from both institutional and retail investors [3]

Group 1 - The cosmetics sector experienced a slight increase of 0.09% on January 19, with Jinsheng New Materials leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up by 0.29%, while the Shenzhen Component Index closed at 14294.05, up by 0.09% [1] - Jinsheng New Materials saw a closing price of 18.89, with a significant increase of 7.70%, and a trading volume of 87,600 shares, amounting to a transaction value of 167 million yuan [1] Group 2 - The cosmetics sector faced a net outflow of 50.88 million yuan from institutional investors, while retail investors saw a net inflow of 42.92 million yuan [2] - The trading data indicates that LaFang Family, with a closing price of 22.58, experienced a decline of 3.30%, with a trading volume of 70,600 shares and a transaction value of 161 million yuan [2] - The individual stock performance shows that Beitaini had a net inflow of 25.48 million yuan from institutional investors, but a net outflow of 39.58 million yuan from retail investors [3]

Investment Rating - The report assigns a "Buy" rating to the company with a current price of 8.70 CNY and a fair value of 10.50 CNY [2]. Core Insights - The company, Qingsong Co., Ltd., has transitioned to focus on the cosmetics ODM sector, with a significant recovery in profitability expected as operational efficiencies improve and customer orders rebound [10]. - The company has undergone a strategic shift by divesting its turpentine business and acquiring 100% of the cosmetics OEM leader, Norsbel, enhancing its competitive position in the cosmetics manufacturing industry [15][16]. - The report forecasts a positive trend in revenue and net profit, with expected net profits of 1.3 billion CNY in 2025, 1.8 billion CNY in 2026, and 2.3 billion CNY in 2027, supported by a robust customer base and product focus [10]. Summary by Sections Company Overview - Qingsong Co., Ltd. has evolved from a turpentine producer to a leading player in the cosmetics ODM market, acquiring Norsbel to strengthen its business model [15]. - The company has faced challenges due to the pandemic and regulatory pressures but is now on a recovery path with improved operational efficiency [16]. Financial Analysis - The company reported revenues of 19.69 billion CNY in 2023, with a projected slight decline to 19.40 billion CNY in 2024, followed by a recovery to 21.11 billion CNY in 2025 [9][27]. - The net profit is expected to turn positive in 2024, with significant growth projected in subsequent years, reflecting a recovery from previous losses [10][27]. Industry Analysis - The global beauty and personal care market is projected to grow to 651.6 billion USD by 2024, with a steady recovery anticipated in the cosmetics sector [43]. - The Chinese cosmetics market is expected to reach 73.7 billion USD by 2025, indicating a shift towards stable growth as the industry matures [46]. - Regulatory changes are expected to benefit compliant companies, leading to increased market concentration and the exit of non-compliant players [51]. Strategic Focus - The company is concentrating on high-value product categories, particularly facial masks, and aims to enhance its customer base by focusing on key clients [10]. - The operational strategy includes optimizing product offerings and improving supply chain efficiency, which is expected to enhance profitability and market share [10].

Market Overview - The cosmetics sector experienced a decline of 0.36% on January 15, with Shuiyang Co. leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Individual Stock Performance - Jinsheng New Material (300849) saw a significant increase of 13.17%, closing at 18.48 with a trading volume of 117,000 shares and a turnover of 209 million yuan [1] - Qingdao Kingway (002094) increased by 2.06%, closing at 8.42 with a trading volume of 1,113,500 shares [1] - Lafang Home (603630) rose by 1.76%, closing at 24.27 with a trading volume of 137,300 shares [1] - Other notable performances include Fulejia (301371) up 0.73%, Marubi Biological (603983) up 0.70%, and Betaini (300957) up 0.32% [1] Capital Flow Analysis - The cosmetics sector saw a net outflow of 11.86 million yuan from institutional investors and 53.27 million yuan from retail investors, while retail investors had a net inflow of 65.13 million yuan [2] - The capital flow for individual stocks indicates that Lafang Home had a net inflow of 77.73 million yuan from institutional investors, while Betaini had a net inflow of 14.81 million yuan [3] - Conversely, Shuiyang Co. experienced a net outflow of 5.39 million yuan from institutional investors [2][3]

Core Viewpoint - Qingsong Co., Ltd. has a diverse customer base in its cosmetics business, including international and domestic well-known brands, channel merchants' private labels, social e-commerce brands, and emerging e-commerce brands [2] Group 1: Customer Base - The main customers of Qingsong Co., Ltd. in the cosmetics sector include international renowned brands such as Unilever, Procter & Gamble, Estée Lauder, Sephora, Watsons, Shiseido, Nivea, Dettol, GAMA, and Muji [2] - Domestic well-known brand customers include Shanghai Jahwa, Plant Doctor, Natural Hall, Proya, Gaozi, Xiyu Bencao, Ibeishi, Veenona, Pechoin, Huaxi Biological, Furuida, and Miniso [2] - Emerging e-commerce brand customers consist of Peilai, Guyu, Half Acre Flower Field, Yiwo, Orange Du, Yixian E-commerce, Huaxi Zi, San Cao Liang Mu, New Zealand Mystery, PMPM, C Coffee, You Shiyan, and Kangaroo Mama [2]