Core Viewpoint - Amway Co., Ltd. has experienced fluctuations in stock price and financial performance, with a notable decrease in revenue and net profit for the first nine months of 2025 compared to the previous year [2][3]. Financial Performance - As of November 10, 2025, Amway Co., Ltd. reported a revenue of 1.679 billion yuan, a year-on-year decrease of 6.84%, and a net profit attributable to shareholders of 121 million yuan, down 19.22% year-on-year [2]. - The company's stock price increased by 13.11% year-to-date but has seen a decline of 5.15% over the last five trading days, 1.38% over the last 20 days, and 21.56% over the last 60 days [1]. Shareholder Information - As of November 10, 2025, the number of shareholders increased to 18,400, representing an 8.63% rise, while the average circulating shares per person decreased by 7.95% to 11,729 shares [2]. - The company has distributed a total of 341 million yuan in dividends since its A-share listing, with 131 million yuan distributed in the last three years [3]. Major Shareholders - As of September 30, 2025, the top ten circulating shareholders included several new entrants, such as Yongying Advanced Manufacturing Mixed Fund and Jiang Hai Securities Co., Ltd., while some previous shareholders exited the list [3].

Core Viewpoint - Amway's collaboration with Google focuses on the application of polyurethane composite materials in electronic products, although the revenue generated from this partnership currently represents a small portion of the company's overall revenue [1] Group 1 - Google is one of Amway's clients in the electronic products category [1] - The collaboration primarily revolves around the application of polyurethane composite materials [1] - Revenue from the partnership with Google is currently low and has not become a core revenue source for the company [1] Group 2 - Amway plans to actively expand its collaboration with Google based on market demand and the willingness of clients to cooperate [1]

Core Viewpoint - Google is a customer of the company, specifically in the electronic products category, focusing on polyurethane composite materials applications. However, the revenue generated from this collaboration is currently low and not a core revenue source for the company. Future collaboration will depend on market demand and the willingness of customers to cooperate [2]. Group 1 - Google is one of the company's clients in the electronic products category [2]. - The collaboration with Google primarily involves polyurethane composite materials applications [2]. - Revenue from the partnership with Google constitutes a small portion of the company's overall revenue [2]. Group 2 - The company plans to actively expand its collaboration with Google based on market demand and customer cooperation willingness [2].

Core Viewpoint - The company emphasizes its commitment to innovation and self-reliance in technology and key raw materials, asserting that it does not depend on Japanese enterprises for core technologies or materials [1]. Group 1: Technology and Innovation - The company has no reliance on Japanese companies for core technologies, as all patents are independently developed [1]. - The company annually advances its patent applications, showcasing a strong focus on self-driven innovation [1]. Group 2: Raw Materials and Production - The polyurethane resin used by the company is primarily produced by its subsidiary, Hefei Anli Polyurethane New Materials Co., Ltd., with approximately 90% of the resin being self-produced [1]. - The company claims to have significant advantages in integrated research and production, with strong collaborative innovation capabilities [1]. Group 3: Sustainability and Development - The company asserts that it has full control over core technologies and key raw materials, which effectively ensures its sustainable development [1].

Group 1 - The company has stable collaborations with Zhiwashi and Gujia, focusing on customized development of home materials based on customer needs [2] - The company's sports equipment category includes products such as footballs, basketballs, and sports bags, with partnerships established with brands like Nike and Decathlon [2] - Product performance indicators are designed according to customer requirements [2]

Core Viewpoint - The company, Amway Co., has expanded its automotive interior materials to cover applications in mid-to-high-end models of certain new energy vehicle manufacturers, indicating a strategic focus on meeting diverse customer needs [1] Group 1: Product Development - The company designs materials with specific performance indicators such as weather resistance, hydrolysis resistance, and lightweight properties to cater to different vehicle requirements [1] - There has been an increase in the number of automotive brands and designated projects that the company serves, reflecting growth in its market presence [1]

Core Viewpoint - Amway Co., Ltd. (300218) has successfully industrialized national and provincial scientific research projects, emphasizing the importance of collaboration with universities for talent cultivation and practical training [1] Group 1 - The company has achieved significant progress in the industrialization of national and provincial research projects [1] - The company prioritizes partnerships with universities through collaborative projects and the establishment of practical training bases [1] - Development of biodegradable and bio-based materials is progressing in an orderly manner [1]

证券日报网讯 安利股份（300218）11月19日在互动平台回答投资者提问时表示，安利越南当前产能利 用率处于爬坡阶段，仍有提升空间；安利越南主要服务于下游品牌客户在当地及周边的代工厂，直接出 口规模较小。安利越南原材料采购目前以中国国内为主。 ...

Core Viewpoint - The company is expanding its partnerships with major sports brands, indicating a strategic growth in its supply chain and product development capabilities [1] Group 1: Partnerships and Collaborations - The company will become a supplier for New Balance by 2025, with current collaboration in the product development phase [1] - The company is a strategic partner of Anta, co-establishing a technology research center for membrane technology [1] - The company upgraded its partnership status with Nike to a strategic partner starting January 2025 [1] Group 2: Order Fulfillment and Production - Currently, the company has a small volume of cross-border orders being delivered in collaboration with Anta [1] - Orders from Li Ning are primarily being produced and delivered domestically at this stage [1]

Core Viewpoint - Amway Co., Ltd. has experienced a decline in stock price and financial performance, with a notable drop in net profit and revenue in recent periods [1][2]. Financial Performance - As of November 10, 2025, Amway reported a revenue of 1.679 billion yuan, a year-on-year decrease of 6.84% [2]. - The net profit attributable to shareholders for the same period was 121 million yuan, down 19.22% year-on-year [2]. - The company's stock price has increased by 13.24% year-to-date but has seen a decline of 5.25% in the last five trading days and 24.67% over the last 60 days [1]. Shareholder Information - As of November 10, 2025, the number of shareholders increased by 8.63% to 18,400, while the average circulating shares per person decreased by 7.95% to 11,729 shares [2]. - The company has distributed a total of 341 million yuan in dividends since its A-share listing, with 131 million yuan distributed over the last three years [3]. Major Shareholders - As of September 30, 2025, the top ten circulating shareholders included several new entrants, such as Yongying Advanced Manufacturing Mixed Fund and Jiang Hai Securities Co., Ltd. [3]. - Notable changes in holdings include a decrease of 5.05 million shares by Guotai Junan Value Advantage Flexible Allocation Mixed Fund [3]. Company Overview - Amway Co., Ltd. is based in Hefei, Anhui Province, and specializes in the research, production, and sales of ecological functional polyurethane synthetic leather and composite materials [1]. - The company's main revenue sources are ecological functional synthetic leather (94.05%), ordinary synthetic leather (4.26%), and other supplementary products (1.68%) [1].