证券代码：300888 证券简称：稳健医疗 公告编号：2025-026 稳健医疗用品股份有限公司 关于公司部分董事、监事和高级管理人员 拟变更持股方式的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次持股方式变更系公司部分董事、监事和高级管理人员拟将其间接持 有的公司股份变更为直接持有。本次变动前后，其直接和间接持有公司股份的总 数量及持股比例均未发生变化，不涉及向市场增持或减持公司股份的情形。 2、持股方式变更的目的：基于对公司未来长期发展的信心，同时为了更加 严格地履行股份锁定承诺。 3、本次持股方式变更不会导致公司控股股东或实际控制人发生变化。 一、股东的基本情况 （一）股东名称：厦门乐源投资合伙企业（有限合伙） 股东身份：首次公开发行前员工持股平台 执行事务合伙人：方修元 持股情况：截至本公告披露日，厦门乐源持有公司股份 3,710,944 股，占公 司总股本比例 0.6373%。 （二）股东名称：厦门慧康投资合伙企业（有限合伙） 股东身份：首次公开发行前员工持股平台 执行事务合伙人：陈惠选 持股情况：截至本公告披露日， ...

Investment Rating - The report rates the industry as "Overweight" [4] Core Insights - The report highlights a significant divergence in sector performance, suggesting investors focus on sectors with improving conditions [2] - The furniture sector is experiencing a slight decline in revenue, with a year-on-year decrease of 4.4% in Q2 2025, although soft furniture shows relatively better performance [7][8] - The personal care sector demonstrates resilience with a year-on-year revenue increase of 14% in Q2 2025, indicating strong demand [6] - The toy sector shows short-term revenue differentiation but has substantial long-term growth potential, with a year-on-year revenue decrease of 2% in Q2 2025 [6] - The export chain is facing performance differentiation, with companies having overseas production capabilities showing better revenue growth [6] - The two-wheeler sector is benefiting from trade-in incentives, leading to significant revenue growth [6] - The smart glasses market is experiencing explosive growth, with sales of Ray-Ban Meta smart glasses increasing by over 200% year-on-year in the first half of 2025 [6] - The paper industry is expected to see price increases as raw material prices recover, with integrated pulp and paper companies performing better [6] - The packaging sector is witnessing improved revenue growth, driven by an optimized domestic market structure and rising raw material prices [6] Summary by Sections Furniture Sector - The furniture sector's revenue in Q2 2025 decreased by 4.4% year-on-year, with soft furniture showing better growth [7][8] - Contract liabilities and advance payments in the furniture sector increased by 42.8% year-on-year, indicating potential future revenue growth [9] - The sector's net profit after deducting non-recurring items decreased by 7.8% year-on-year in Q2 2025, with slight fluctuations in profitability [10][13] Personal Care Sector - The personal care sector's revenue increased by 14% year-on-year in Q2 2025, reflecting strong demand and resilience [6] - The focus on product quality is becoming increasingly important to consumers [6] Toy Sector - The toy sector is experiencing short-term revenue differentiation, with a 2% year-on-year revenue decline in Q2 2025, but has significant long-term growth potential [6] Export Chain - The export chain is facing performance differentiation, with companies that have overseas production capabilities achieving better revenue performance [6] Two-Wheeler Sector - The two-wheeler sector is benefiting from trade-in incentives, leading to significant revenue growth in Q2 2025 [6] Smart Glasses - The smart glasses market is experiencing explosive growth, with sales of Ray-Ban Meta smart glasses increasing by over 200% year-on-year in the first half of 2025 [6] Paper Industry - The paper industry is expected to see price increases as raw material prices recover, with integrated pulp and paper companies performing better [6] Packaging Sector - The packaging sector is witnessing improved revenue growth, driven by an optimized domestic market structure and rising raw material prices [6]

Market Overview - The personal care products sector rose by 2.89% on September 4, with Jieya Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Jieya Co., Ltd. (301108) closed at 34.40, up 13.16% with a trading volume of 72,700 shares and a turnover of 243 million yuan [1] - Yiyi Co., Ltd. (001206) closed at 26.72, up 10.00% with a trading volume of 131,800 shares and a turnover of 342 million yuan [1] - Dengkang Oral Care (001328) closed at 43.55, up 7.40% with a trading volume of 53,000 shares and a turnover of 226 million yuan [1] - Other notable performers include Ziya Co., Ltd. (003006) up 5.13%, and Liangmian Needle (600249) up 3.29% [1] Capital Flow - The personal care products sector saw a net inflow of 56.24 million yuan from institutional investors, while retail investors experienced a net outflow of 6.89 million yuan [2] - The main capital inflow was observed in Yiyi Co., Ltd. with 64.76 million yuan, while the largest outflow was from Jieya Co., Ltd. with 22.08 million yuan [3] Individual Stock Analysis - Jieya Co., Ltd. had a main capital inflow of 3.69 million yuan, but retail investors showed a net outflow of 22.07 million yuan [3] - Dengkang Oral Care experienced a net outflow of 4.13 million yuan from main capital, while retail investors had a net inflow of 14.52 million yuan [3] - Ziya Co., Ltd. had a net inflow of 3.36 million yuan from main capital, with a slight outflow from retail investors [3]

Group 1 - The stock price of Weijian Medical (300888) closed at 39.6 yuan on September 3, 2025, down 4.23%, with a turnover rate of 5.57%, trading volume of 97,800 shares, and a transaction amount of 397 million yuan [1] - The company has a subsidiary, Guilin Weijian, that produces and sells condom products, primarily for international markets, although this business represents a small portion of the overall sales [1] - The company is actively working on ESG (Environmental, Social, and Governance) initiatives, particularly in chemical management related to textile and apparel, and has made progress in adopting environmentally friendly dyeing technologies [1] Group 2 - On September 3, the net outflow of main funds was 28.52 million yuan, while retail investors saw a net inflow of 24.71 million yuan [2] - The company emphasizes its commitment to shareholder interests and aims to reward shareholders through strong operational performance [2]

Company Overview - Steady Medical Products Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on August 24, 2000. The company went public on September 17, 2020. Its main business involves the research, production, and sales of cotton products [1]. Financial Performance - As of September 3, Steady Medical's stock price fell by 4.23% to 39.60 CNY per share, with a trading volume of 397 million CNY and a turnover rate of 5.57%. The total market capitalization is 23.06 billion CNY. The stock has experienced a cumulative decline of 5.51% over the past three days [1]. Revenue Composition - The revenue composition of Steady Medical is as follows: consumer products account for 51.84%, medical consumables for 47.49%, and other (supplementary) products for 0.67% [1]. Fund Holdings - Minsheng Jianyin Fund has a significant holding in Steady Medical, with one of its funds, Minsheng Jianyin Value Discovery One-Year Holding Period Mixed A (010795), reducing its stake by 26,200 shares in the second quarter, now holding 416,500 shares, which represents 4.12% of the fund's net value, ranking as the seventh largest holding [2]. Fund Performance - The Minsheng Jianyin Value Discovery fund has a current size of 390 million CNY and has achieved a return of 23.22% year-to-date, ranking 3,233 out of 8,180 in its category. Over the past year, it has returned 35.22%, ranking 4,063 out of 7,967. Since inception, the fund has incurred a loss of 15.08% [2]. Fund Manager Information - The fund manager of Minsheng Jianyin Value Discovery is Deng Kaicheng, who has been in the position for 2 years and 239 days. The total asset size under his management is 485 million CNY, with the best fund return during his tenure being 36.05% and the worst being -4.47% [2].

Investment Rating - The report maintains a "Buy" rating for key companies in the sports footwear and apparel sector, including Anta Sports, Li Ning, and Xtep International, with respective 2025 PE ratios of 18x, 19x, and 12x [5][9][10]. Core Insights - The sports footwear and apparel sector shows robust growth, with a 9.1% year-on-year revenue increase to 65.9 billion yuan in H1 2025, and a net profit growth of 8.2% to 10.54 billion yuan after adjusting for one-time gains and losses from the previous year [1][17]. - A-shares in the branded apparel sector experienced stable revenue but significant profit pressure, with a slight revenue decline of 0.1% and a net profit drop of 17.5% in H1 2025 [2][17]. - The textile manufacturing sector faced a weakening trend in Q2 2025 compared to Q1, with a revenue increase of 2.7% but a net profit decline of 9.8% [3][17]. - The gold and jewelry sector saw weak demand, with gold jewelry consumption down 27% and 24% in Q1 and Q2 2025, respectively, highlighting the importance of product and brand strength [4][17]. Summary by Sections H-Shares Sports Footwear and Apparel - Revenue for key companies grew 9.1% to 65.9 billion yuan, with net profit increasing 8.2% to 10.54 billion yuan after adjustments [1][17]. - Companies are focusing on expanding differentiated store formats and enhancing product performance in running shoes while entering new outdoor categories for long-term growth [1][17]. A-Shares Branded Apparel - Revenue remained stable with a slight decline of 0.1%, while net profit fell 17.5% due to increased sales expenses [2][17]. - The home textile category showed stable demand, while fashion and leisure apparel companies exhibited varied performance [2][17]. - The outlook for H2 2025 suggests potential easing of profit pressure as companies manage expenses more effectively [2][17]. Textile Manufacturing - The sector's performance weakened in Q2 2025, with revenue growth of 2.7% and a net profit decline of 9.8% [3][17]. - The impact of changing tariff policies is noted, with Southeast Asian products gaining market share in the U.S. [3][17]. - Companies with integrated and international supply chains are expected to benefit from market share gains in the long term [3][17]. Gold and Jewelry - Overall demand for gold jewelry remains weak, with significant declines in consumption [4][17]. - Companies with strong product and brand capabilities are focusing on product development and marketing to differentiate themselves in a competitive market [4][17].

Market Overview - The personal care products sector experienced a decline of 1.87% on September 1, with Haoyue Care leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Notable stock performances include: - Yiyi Co., Ltd. (001206) closed at 25.98, up 2.81% with a trading volume of 91,800 shares and a turnover of 238 million yuan [1] - Haoyue Care (605009) closed at 36.35, down 10.00% with a trading volume of 111,800 shares and a turnover of 408 million yuan [2] - Zhongshun Jierou (002511) closed at 8.64, down 1.48% with a trading volume of 186,900 shares and a turnover of 162 million yuan [2] Capital Flow - The personal care products sector saw a net outflow of 147 million yuan from institutional investors, while retail investors experienced a net inflow of 98.24 million yuan [2] - The capital flow for individual stocks shows: - Ziya Co., Ltd. (003006) had a net inflow of 6.03 million yuan from institutional investors [3] - Haoyue Care (605009) had a significant net outflow of 622.31 million yuan from institutional investors [3]

Summary of Key Points Core Viewpoint - In September 2025, a total of 179 companies in the A-share market will face the unlocking of restricted shares, amounting to approximately 16.228 billion shares with a total market value of 303.398 billion yuan, reflecting a month-on-month decrease of about 53.88% and a year-on-year increase of about 3.16% [1][9]. Company-Specific Summaries - **Times Electric**: The largest unlocking value, with 590 million shares set to be released on September 8, amounting to approximately 28.713 billion yuan, which represents 43.42% of its total share capital [4][9]. - **South Network Energy Storage**: Will have 2.087 billion shares unlocked on September 8, with a market value of about 21.474 billion yuan, accounting for 65.3% of its total share capital [9]. - **Wondfo Medical**: The third largest unlocking value, with 407 million shares, representing 69.83% of its total share capital, and a market value of approximately 17.025 billion yuan [9]. Industry Distribution - The industries with the highest unlocking market values are: - **Machinery Equipment**: Led by Times Electric and Xizhuang Co., with significant unlocking volumes [9]. - **Computer**: Notable companies include Softcom Power and Hehe Information, which have substantial unlocking values [9]. - **Electronics**: This sector also features prominently in the unlocking market value [9]. Anniversary Unlocking - In September, 10 companies will celebrate their listing anniversary, resulting in the unlocking of approximately 480 million shares with a total market value of about 30.255 billion yuan [12].

新华财经北京9月1日电 2025年9月，A股有179家公司的限售股面临解禁，合计解禁量约为162.28亿股，解禁规模3033.98亿元，环比下降约53.88%，同比上 升约3.16%。其中，时代电气解禁规模居首，解禁市值超200亿元。 从行业分布来看，机械设备、计算机、电子行业解禁市值分别位列前三。 此外，共有10家公司、4.8亿限售股于9月迎上市周年解禁，解禁市值为302.55亿元，包括合合信息、无线传媒、富特科技等企业。 逾3000亿元限售股9月解禁时代电气、南网储能解禁规模居前 截至2025年8月28日的数据显示，9月有179只股票面临解禁，合计解禁量为162.28亿股，以2025年8月28日收盘价计算，合计解禁市值3033.98亿元，环比下降 约53.88%，同比上升约3.16%。 图1：2024年9月至2025年9月限售股解禁规模 | 排名 | 证券简称 | 证券代码 | 解禁数量(万股) | 解禁市值(亿元) | | --- | --- | --- | --- | --- | | 1 | 时代电气 | 688187.5H | 58,958.57 | 287.13 | | 2 | 南网储能 | 60 ...

Core Viewpoint - The stock of Steady Medical (300888) has shown a positive performance with a closing price of 42.36 yuan, reflecting a 1.17% increase as of August 29, 2025, despite a net outflow of main funds [1][2]. Financial Performance - Steady Medical reported a main revenue of 5.296 billion yuan for the first half of 2025, representing a year-on-year increase of 31.31% [3]. - The net profit attributable to shareholders was 492 million yuan, up 28.07% year-on-year, while the net profit after deducting non-recurring gains and losses was 461 million yuan, increasing by 40.9% [3]. - In Q2 2025, the company achieved a single-quarter main revenue of 2.691 billion yuan, a 26.66% increase year-on-year, and a net profit of 243 million yuan, up 20.68% [3]. Market Position - Steady Medical's total market capitalization is 24.667 billion yuan, ranking 4th in the beauty and personal care industry [3]. - The company has a net asset of 12.276 billion yuan, ranking 1st in the industry, and a net profit of 492 million yuan, ranking 3rd [3]. - The company's price-to-earnings ratio (P/E) is 25.07, which is lower than the industry average of 31.93, ranking 3rd [3]. Fund Flow Analysis - On August 29, 2025, the main funds experienced a net outflow of 47.5893 million yuan, accounting for 6.42% of the total transaction amount [1][2]. - Retail investors showed a net inflow of 48.1353 million yuan, representing 6.49% of the total transaction amount on the same day [1][2]. - Over the past five days, the stock has seen fluctuations in fund flows, with varying levels of net inflows and outflows from main and retail investors [2]. Institutional Ratings - In the last 90 days, 20 institutions have rated the stock, with 17 buy ratings and 3 hold ratings [4]. - The average target price set by institutions over the past 90 days is 55.82 yuan [4].