Core Viewpoint - The report highlights the financial performance of Shuiyang Group Co., Ltd. for the first half of 2025, showing an increase in revenue and net profit compared to the same period last year, while also indicating a significant improvement in cash flow from operating activities [1]. Financial Performance - Operating revenue for the reporting period reached CNY 2,499,726,293.89, representing a 9.02% increase from CNY 2,292,845,526.07 in the same period last year [1]. - Net profit attributable to shareholders of the listed company was CNY 123,295,453.50, up 16.54% from CNY 105,796,051.99 year-on-year [1]. - The net profit after deducting non-recurring gains and losses was CNY 120,592,203.46, a slight increase of 1.04% compared to CNY 119,354,926.83 [1]. - The net cash flow from operating activities was CNY 166,359,623.51, a significant increase of 368.97% from a negative cash flow of CNY -61,850,822.06 in the previous year [1]. - Basic earnings per share rose to CNY 0.3190, reflecting a 17.41% increase from CNY 0.2717 [1]. - Diluted earnings per share increased to CNY 0.3055, up 16.60% from CNY 0.2620 [1]. - The weighted average return on equity was reported at 5.76% [1]. Asset and Equity Status - Total assets at the end of the reporting period were CNY 4,207,715,166.26, a decrease of 1.02% from CNY 4,251,106,914.16 at the end of the previous year [2]. - Net assets attributable to shareholders of the listed company increased to CNY 2,151,000,384.44, marking a 2.60% rise from CNY 2,096,565,253.21 [2]. Shareholder Information - The company did not propose any cash dividends, stock bonuses, or capital reserve transfers to shareholders for the reporting period [1]. - The major shareholders include Hunan Yujia Investment Management Co., Ltd. with a 24.59% stake and other significant shareholders holding varying percentages [4][5].

证券代码：300740 证券简称：水羊股份 公告编号：2025-055 债券代码：123188 债券简称：水羊转债 水羊集团股份有限公司 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。 特别提示： 自 2025 年 8 月 7 日至 2025 年 8 月 20 日，水羊集团股份有限公司（以下简 称"公司"）股票已有 10 个交易日的收盘价不低于"水羊转债"当期转股价格 （即 13.54 元/股）的 130%（含 130%，即 17.60 元/股）。若未来触发"水羊 转债"的有条件赎回条款（即"在本次发行的可转债转股期内，如果公司 A 股 股票在任意连续三十个交易日中至少有十五个交易日的收盘价格不低于当期转 股价格 130%（含 130%）"），届时根据《水羊集团股份有限公司向不特定对 象发行可转换公司债券并在创业板上市募集说明书》（以下简称《募集说明书》） 中有条件赎回条件的相关约定，公司有权决定按照债券面值加当期应计利息的价 格赎回全部或部分未转股的可转换公司债券（以下简称"可转债"）。 敬请广大投资者详细了解可转债相关规定，并关注公司后续公告，注意投资 风 ...

作为一家新消费品美妆品牌企业，水羊股份通过自有品牌与CP（中国合作伙伴，China Partner）品牌双 业务驱动发展。自有品牌方面，水羊股份旗下拥有"EDB""RV""PA""H＆B""VAA""御泥坊"等多个品 牌，构建了从高奢到大众多元的品牌体系，产品品类覆盖面膜、水乳膏霜、彩妆、清洁洗护等。 报告期内，水羊股份自有品牌结构进一步改善，去年其自有品牌体系初步完成了高端化、全球化的转型 升级。进入2025年，公司上半年自有品牌实现营业收入10.39亿元，占整体营业收入比重41.55%；自有 品牌毛利率为76.83%，同比提升5.7个百分点。 以法国高奢护肤品牌EDB为例，水羊股份上半年通过刘嘉玲、梁朝伟夫妇合作代言，高端时尚活动，持 续品牌种草等活动推广，促使其触达高净值客户群体，强化品牌高奢形象。大单品超级CP组合市场认 知进一步强化，精华防晒、rich面霜等储备单品也实现了高速增长。 在今年6月召开的股东大会上，水羊股份董事长汀汀表示，2024年公司自主品牌板块品牌结构改善明 显，高端品牌持续发力，大众品牌战略性收缩更加下沉，形成K字形结构，资源实现进一步集中。"我 们现在感觉很好，走在正确的道路上 ...

Core Viewpoint - Water Sheep Co., Ltd. reported a revenue of approximately 2.5 billion yuan for the first half of the year, marking a year-on-year increase of 9.02%, and a net profit attributable to shareholders of 123 million yuan, up 16.54% year-on-year, driven by a focus on high-end brand development and improved brand structure [1] Group 1: Financial Performance - The company achieved a revenue of about 2.5 billion yuan, reflecting a 9.02% year-on-year growth [1] - The net profit attributable to shareholders reached 123 million yuan, representing a 16.54% increase compared to the previous year [1] - The self-owned brand revenue for the first half of the year was 1.039 billion yuan, accounting for 41.55% of total revenue, with a gross margin of 76.83%, up 5.7 percentage points year-on-year [1] Group 2: Brand Strategy and Development - Water Sheep Co., Ltd. operates multiple brands including "EDB," "RV," "PA," "H&B," "VAA," and "Yunifang," covering a wide range of product categories from high-end to mass-market [1] - The company has successfully transitioned its self-owned brand structure towards high-end and global markets [1] - The EDB brand has strengthened its high-end image through collaborations with celebrities and high-fashion events, targeting high-net-worth customers [2] Group 3: Channel Strategy - EDB has enhanced its online and offline multi-channel layout, with a focus on increasing the proportion of direct sales and reducing reliance on top influencers [2] - The brand's Tmall channel saw a growth of approximately 40% in direct sales [2] - EDB opened its first castle store in Asia in Shanghai, exceeding performance expectations, with a single SPA purchase reaching a new high of 39,800 yuan [2] Group 4: Future Outlook - The chairman of Water Sheep Co., Ltd. indicated a clear improvement in the brand structure for 2024, with a strategic focus on high-end brands and a downward adjustment of mass-market brands [3] - The company plans to implement a "three-year plan" to open 50 SPA-integrated stores across China by 2027 [2]

Group 1 - The company Shuiyang Co., Ltd. announced on August 21 that it has made a provision for asset impairment totaling 31.7069 million yuan for the first half of 2025, which will reduce the total profit in the consolidated financial statements for that period by the same amount [2] - The company's revenue for the year 2024 is entirely derived from the daily chemical industry, with a 100% contribution from this sector [2]

水羊股份（SZ 300740，收盘价：21.56元）8月21日晚间发布半年度业绩报告称，2025年上半年营业收 入约25亿元，同比增加9.02%；归属于上市公司股东的净利润约1.23亿元，同比增加16.54%；基本每股 收益0.319元，同比增加17.41%。 （文章来源：每日经济新闻） ...

格隆汇8月21日丨水羊股份(300740.SZ)公布2025年半年度报告，上半年公司实现营业收入24.997亿元， 同比增长9.02%；归属于上市公司股东的净利润1.23亿元，同比增长16.54%；归属于上市公司股东的扣 除非经常性损益的净利润1.21亿元，同比增长1.04%；基本每股收益0.3190元。 ...

水羊集团股份有限公司董事会 关于 2025 年半年度募集资金存放与使用情况的专项报告 （除另有注明外，所有金额均以人民币元为货币单位） 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。 根据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司募集资金监管规则》、 深圳证券交易所颁布的《深圳证券交易所上市公司自律监管指引第 2 号-创业板上市公司规 范运作》及相关公告格式规定，将水羊集团股份有限公司（以下简称"公司"）2025 年半年 度募集资金存放与使用情况报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 2022 年 4 月 26 日，公司第二届董事会 2022 年第一次定期会议审议通过了《关于公司 向不特定对象发行可转换公司债券方案的议案》。经中国证监会于 2023 年 2 月 9 日出具的《关 于同意水羊集团股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 [2023]283 号），公司获准向不特定对象发行面值总额 69,498.70 万元可转换公司债券（以下 简称"可转债"）。公司本次发行的可转债募集资金总额为 ...

| 非经营性资 | | 占用方与上 | 上市公司核 | 2025 年期 | 2025 年半年度 | 2025 年半 | 2025 年半 | 2025 年期 | | 占用性 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 金占用 | 资金占用方名称 | 市公司的关 | 算的会计科 | 初占用资 | 占用累计发生金 | 年度占用资 | 年度偿还累 | 末占用资 | 占用形成原因 | 质 | | | | 联关系 | 目 | 金余额 | 额（不含利息） | 金的利息 | 计发生金额 | 金余额 | | | | 现大股东及 | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前大股东及 | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 总计 | | | | | | | | | | | | 其它关联资 | | ...

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 年半年度计提资产减值准备的公告 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。 一、本次计提资产减值准备情况概述 证券代码：300740 证券简称：水羊股份 公告编号：2025-059 1、本次计提资产减值准备的原因 水羊集团股份有限公司（以下简称"公司"）根据《企业会计准则》及公司 会计政策的相关规定，为真实、准确反映公司截至 2025 年 6 月 30 日的财务状 况、资产价值及经营成果，基于谨慎性原则，对公司的各类资产进行了全面检查 和减值测试，拟对公司截至 2025 年 6 月 30 日合并报表范围内有关资产计提相 应的减值准备。 2、本次计提资产减值准备的资产范围和总金额 公司对截至 2025 年 6 月 30 日存在可能发生减值迹象的应收账款、其他应收 款、存货等资产进行减值测试，对应收账款、其他应收款、存货等计提资产减值 准备，计提金额合计 3,170.69 万元。 本次计提减值损失具体构成如下： 1 | 项目 | 计提资产减值准备（元） | | --- | --- ...