证券代码：300740 证券简称：水羊股份 公告编号：2025-068 债券代码：123188 债券简称：水羊转债 水羊集团股份有限公司 关于 2025 年第三季度可转换公司债券转股情况的公告 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。 特别提示： 1、水羊转债（债券代码：123188）转股期限为 2023 年 10 月 11 日至 2029 年 4 月 3 日；最新有效的转股价格为人民币 13.54 元/股。 2、2025 年第三季度，共有 186 张"水羊转债"（票面金额人民币 18,600 元）完成转股，合计转成 1,366 股"水羊股份"（股票代码：300740）股票。 3、截至 2025 年第三季度末，公司剩余可转债票面总金额为人民币 672,316,600 元。 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 15 号——可转换公司债券》等有关规定，水羊集团股份有限公司 （以下简称"公司"）现将 2025 年第三季度可转换公司债券（以下简称"可转 债"）转股及公司总股本变化情况公告如下： 1 一、可转债基本情况 ...

Group 1 - The beauty care sector experienced a significant rally in the afternoon, with Yi Yi Co., Ltd. hitting the daily limit up [1] - Shui Yang Co., Ltd. saw an increase of over 8%, indicating strong market interest [1] - Other companies such as Jia Heng Jia Hua, Jie Ya Co., Ltd., La Fang Jia Hua, and Hao Yue Care also followed the upward trend [1]

Core Viewpoint - The A-share market's cosmetics concept stocks are experiencing a counter-trend rise, driven by the early launch of the 2025 "Double 11" promotional events by major e-commerce platforms [1] Group 1: Market Performance - Shuiyang Co., Ltd. saw a rise of over 9%, with a total market value of 9.372 billion [2] - Mingchen Health increased by over 8.9%, with a market capitalization of 4.392 billion [2] - Jiaheng Jiahua rose by over 5.3%, with a market value of 3.712 billion [2] - Lafang Jiahua increased by over 4.5%, with a total market value of 5.425 billion [2] - Bawei Co., Ltd. rose by 3.02%, with a market capitalization of 2.019 billion [2] Group 2: Year-to-Date Performance - Shuiyang Co., Ltd. has a year-to-date increase of 81.77% [2] - Jiaheng Jiahua has shown a significant year-to-date increase of 136.64% [2] - Lafang Jiahua has a year-to-date increase of 75.53% [2] - Bawei Co., Ltd. has a year-to-date increase of 68.38% [2]

Core Viewpoint - The article emphasizes the significance of technological innovation in the cosmetics industry, particularly through the development of the "Snow Lotus (SAUSSUREA INVOLUCRATA) callus extract" by YNIFANG, marking a milestone in sustainable resource utilization and modern biotechnology in Chinese beauty brands [3][5][39]. Group 1: Innovation and Development - The new ingredient is a result of deep insights into the unique active components of Snow Lotus and the challenges of traditional raw materials regarding sustainability and stability [5][10]. - YNIFANG's strategic shift from resource dependency to technological creation is highlighted, showcasing its commitment to integrating biotechnology with rare Eastern ingredients [5][39]. - The successful registration of this new ingredient enhances YNIFANG's brand with a strong technological foundation, supporting its "Eastern Skin Formula" [5][39]. Group 2: Research and Insights - YNIFANG has built a dedicated database focusing on the characteristics of Eastern women's skin, conducting extensive research over 19 years, including 67,116 hours of research and 135 offline communication sessions [8]. - The brand identified six core characteristics of Eastern skin, such as higher sensitivity and moisture loss, which informed the development of the Snow Lotus extract [8][10]. Group 3: Ingredient Properties and Benefits - The Snow Lotus callus extract focuses on multiple core functions: antioxidant, soothing, and repairing, effectively addressing issues like pigmentation and high moisture loss in Eastern skin [10][34]. - The extract contains rich active components such as flavonoids, polysaccharides, and phenols, which contribute to its skincare potential [13][34]. Group 4: Technological Advancements - YNIFANG employs innovative techniques like plant stem cell culture and constant temperature extraction to ensure sustainable and high-quality production of the Snow Lotus extract [16][18]. - The extraction process uses pure water as the only solvent, eliminating chemical residue risks and preserving the bioactivity of the active components [19][34]. Group 5: Quality Control and Validation - A comprehensive quality control system is established, ensuring active ingredient content meets strict standards, including flavonoids ≥ 15.0% and polysaccharides ≥ 15.0% [20][34]. - The efficacy of the Snow Lotus extract is validated through a three-tier verification system involving in vitro cell experiments, zebrafish tests, and human clinical trials, confirming its antioxidant and skin repair properties [21][30][32]. Group 6: Market Positioning and Product Development - The new ingredient is targeted at the 25-35 age group, addressing common skin concerns such as dullness and pigmentation through various product lines, including creams and serums [15][36]. - This development complements YNIFANG's existing product offerings, enhancing its competitive edge in the Eastern skincare market [37][39].

格隆汇10月9日丨水羊股份(300740.SZ)公布，截至2025年9月30日，公司通过股份回购专用证券账户以 集中竞价交易方式回购公司股份8,097,150股，占公司截至2025年9月30日总股本390,005,506股的 2.08%，最高成交价为12.49元/股，最低成交价为11.56元/股，成交金额为97,819,875.32元（不含交易费 用）。本次回购符合公司回购股份方案及相关法律法规的要求。 ...

证券代码：300740 证券简称：水羊股份 公告编号：2025-067 债券代码：123188 债券简称：水羊转债 水羊集团股份有限公司 关于回购公司股份的进展公告 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。 水羊集团股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开第三 届董事会 2025 年第一次临时会议，审议通过了《关于〈水羊集团股份有限公司 回购公司股份方案〉的议案》，拟使用不低于人民币 5,000 万元（含），不超过人 民币 10,000 万元（含）的自有资金和股票回购专项贷款资金以集中竞价交易方 式回购公司已发行的部分人民币普通股（A 股）股份（以下简称"本次回购"）， 回购股份的价格不超过人民币 18.00 元/股（含），回购的股份将全部用于实施员 工持股计划或者股权激励。若公司未能自本次回购实施完成之日起三年内将已回 购的股份用于前述用途的，未使用部分的回购股份将依法予以注销。具体内容详 见公司于 2025 年 4 月 16 日在巨潮资讯网（www.cninfo.com.cn）披露的《关 于回购公司股份方案的公告》（公告 ...

Summary of Water Sheep Co. Conference Call Company Overview - **Company**: Water Sheep Co. (水羊股份) - **Industry**: High-end beauty and skincare Key Points and Arguments 1. **Strategic Transformation**: Water Sheep Co. is undergoing a strategic transformation focusing on high-end brands, leveraging e-commerce and digitalization to enhance operational efficiency and brand positioning [2][6][9] 2. **High-end Brand Matrix**: The company has developed a high-end brand matrix, which includes brands like Yufei Dan (伊菲丹), PA, and Revive, aiming for a global luxury beauty transformation [2][9] 3. **Market Trends**: The high-end beauty market in China is characterized by a shift towards scientific skincare concepts, with a growing consumer base among affluent women, providing significant growth opportunities for niche high-end brands [3][5] 4. **Performance Expectations**: For 2025, the company anticipates significant profit recovery and growth, with high-end brands expected to contribute over 1.5 billion RMB in revenue [3][27] 5. **Brand Contributions**: Yufei Dan's core products, including super masks and CP combinations, contribute 60%-70% of overall revenue, indicating strong market demand and brand positioning [10] 6. **International Expansion**: The Revive brand, with products priced between 2,000 RMB and over 10,000 RMB, has seen significant sales growth, achieving over 10 million RMB in GMV in the first half of 2025 [4][20] 7. **Resource Allocation**: Starting in 2024, resources will be concentrated on high-end brands, with a reduction in support for mass-market skincare products [9][11] 8. **PA Brand Strategy**: PA focuses on the unique HP DNA repair component, targeting younger consumers with a need for effective and quick skincare solutions [15][17] 9. **Sales Growth**: The company has reported substantial growth in its brands, with PA experiencing over 200% growth and Yufei Dan maintaining a doubling growth rate [27] 10. **Operational Adjustments**: The company is adjusting its operational strategies to enhance profitability, including reducing reliance on influencer marketing and focusing on sustainable growth [14][26] Additional Important Insights 1. **Consumer Insights**: The company emphasizes the importance of consumer insights and rapid product iteration as key drivers of market share in the domestic beauty sector [5] 2. **Brand Positioning**: Yufei Dan differentiates itself through a narrative of French skincare experience and aristocratic storytelling, which has resonated well with consumers [7][8] 3. **Market Challenges**: The company has faced challenges due to adjustments in Johnson & Johnson's business, but has successfully diversified its partnerships to mitigate risks [26] 4. **Future Plans**: Water Sheep Co. plans to open 50 stores in China over the next three years, enhancing its offline presence and brand visibility [11][12] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting the company's focus on high-end beauty brands and its growth trajectory in the competitive market.

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300856 | 科思股份 | 13.15 | -0.90% | 3.38万 | 4461.63万 | | 300849 | 锦盛新材 | 13.90 | -0.64% | 4.42万 | 6184.32万 | | 600223 | 福瑞达 | 7.71 | -0.52% | 4.51万 | 3476.95万 | | 300957 | 贝泰妮 | 45.08 | -0.27% | 3.58万 | 1.63亿 | | 002094 | 青岛金王 | 7.76 | -0.13% | 16.86万 | 1.31亿 | | 603605 | 珀莱雅 | 80.79 | -0.04% | 3.51万 | 2.84亿 | | 837023 | 芭薇股份 | 17.68 | 0.00% | 1.13万 | 2009.11万 | | 603630 | 拉芳家化 | 23.74 | 0.17% | 2.77万 | 6578.17万 | | 301371 | 敷尔佳 ...

Group 1 - The cosmetics sector experienced a slight increase of 0.1% on September 26, with Qingdao King leading the gains [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] - Key stocks in the cosmetics sector showed varied performance, with Qingdao King rising by 3.49% to a closing price of 8.00 [1] Group 2 - The cosmetics sector saw a net inflow of 55.80 million yuan from main funds, while retail investors experienced a net outflow of 30.36 million yuan [2] - Major stocks like Qingdao King and Shanghai Jahwa had significant net inflows from main funds, indicating investor interest [3] - The overall trading volume and turnover in the cosmetics sector reflected active market participation, with Qingdao King achieving a turnover of 3.83 billion yuan [1][2]

证券代码：300740 证券简称：水羊股份 公告编号：2025-066 债券代码：123188 债券简称：水羊转债 水羊集团股份有限公司 关于公司控股股东及其一致行动人部分股份解除质押及质押延期回 购的公告 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。 水羊集团股份有限公司（以下简称"公司"）于近日接到公司控股股东湖南 御家投资管理有限公司（以下简称"御家投资"）及其一致行动人长沙汀汀企业 管理咨询合伙企业（有限合伙）（以下简称"汀汀咨询"）的通知，御家投资、 汀汀咨询对其持有公司的部分股份办理了解除质押及延期购回手续，具体事项如 下： | | 是否为控 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股股东或 | 本次解除质 | 占其所 | 占公司 | | | | | | 第一大股 | 押股份数量 | 持股份 | 总股本 | 质押起始日期 | 质押解除日 | 质权人 | | 名称 | | （股） | 比例 | 比例 | | | | | | 东及其一 | | | | ...