Core Viewpoint - The company has signed a share acquisition intention agreement with Hanhe Paper Industry and its shareholder Wu Jie, aiming to acquire at least 60% of the target company's shares in cash, thereby gaining control over Hanhe Paper Industry [1] Group 1 - The overall valuation of 100% equity of the target company is tentatively set at no more than RMB 650 million [1] - The final valuation and pricing of the transaction will be determined based on the audit assessment report and the formally signed acquisition agreement [1]

Core Insights - Reliable Co., Ltd. reported a revenue of 829 million yuan for the first three quarters of 2025, representing a year-on-year growth of 5.12% [2] - The company's net profit attributable to shareholders reached 27.98 million yuan, marking a year-on-year increase of 26.79% [2] - Operating cash flow saw a significant increase of 136.29%, amounting to 89.71 million yuan [2] Company Strategy - The company has been focusing on the "silver economy" for 24 years, leading to steady revenue growth [2] - Reliable Co. emphasizes user-centric product development, addressing the needs of elderly consumers who may be resistant to traditional care products [2] - The introduction of the "Reliable Cloud Soft Instant Absorption Series" aims to provide comfort and security for users, featuring soft surfaces and ergonomic designs [2] Production and Quality Control - The company prioritizes product quality as its "lifeline," operating smart production lines 24/7 in its factories [2] - An intelligent visual inspection system is in place to ensure the quality of each adult diaper produced [2] - A data platform is utilized for real-time monitoring of inventory and logistics, ensuring efficient and stable supply [2] Industry Outlook - As China enters a deeply aging society, Reliable Co. is committed to focusing on its silver strategy and maintaining a user-centric approach [3] - The company aims to explore new models and scenarios in smart manufacturing, integrating tools like artificial intelligence [3] - Reliable Co. is dedicated to building a "smart elderly care ecosystem" [3]

Core Insights - Reliable Co., Ltd. reported a revenue of 829 million yuan for the first three quarters of 2025, representing a year-on-year growth of 5.12%, with a net profit of 27.98 million yuan, up 26.79% [1] - The company has established a clear business matrix focusing on self-owned brands in adult care and an ODM model for infant and pet health care, contributing to its steady growth [1] Financial Performance - For Q3 2025, the company achieved a revenue of 281 million yuan, reflecting a year-on-year increase of 4.59% [1] - Operating cash flow saw a significant increase of 136.29%, reaching 89.72 million yuan [1] Product Innovation - Reliable Co. focuses on user needs, particularly in the elderly care market, developing innovative products like the "reliable enhanced adult diaper" designed for overnight use, which reduces comprehensive care costs by 30% [2] - The company has launched products utilizing "liquid-blood dual-absorption technology" and upgraded versions of existing products to meet evolving consumer demands [2] Market Position and Strategy - The adult incontinence products market is projected to grow significantly, with the market size expected to increase from 8.86 billion yuan in 2020 to 16.8 billion yuan by 2031 [4] - Reliable Co. has maintained the number one market share in the domestic adult incontinence sector for several years, showcasing strong brand recognition [4] Sales Channels - The company has achieved comprehensive online and offline channel coverage, including flagship stores on major e-commerce platforms and expansion into new sales channels like live streaming and community group buying [3] Social Responsibility - Reliable Co. integrates social responsibility into its business model, focusing on the elderly community through initiatives like "Reliable Love Public Welfare," donating products to elderly individuals in need [4] Recognition and Awards - The company has received multiple accolades for its market performance and contributions to product innovation and ESG, including being named a "2025 (Autumn) Best-Selling Product" and recognized as an "Industry Leading Brand" by JD Supermarket [5]

Core Viewpoint - Reliable Co., Ltd. (301009.SZ) faced internal disagreements during the board meeting on October 24, leading to a contentious vote regarding the company's operational decisions and financial performance [1] Group 1: Board Meeting Outcomes - The board meeting resulted in a vote of 5 in favor, 1 against, and 1 abstention regarding the discussed proposal [1] - Board member Ms. Bao Jia voted against the proposal, citing concerns over the management of the Dudi brand baby diaper business and its projected losses [1] - Independent director Mr. Jing Naiquan abstained from voting due to uncertainties regarding the authenticity of the audit committee's investigation [1] Group 2: Financial Performance and Concerns - Ms. Bao expressed dissatisfaction with the company's third-quarter losses and highlighted a significant increase in management, financial, and consulting fees starting in 2024, while revenue growth remains weak [1] - The company reported a third-quarter revenue of 281 million yuan, a year-on-year increase of 4.59%, with a gross margin improvement of 2.1 percentage points [1] - The net profit attributable to the parent company for the third quarter was -294,200 yuan, an improvement of 74.28% compared to -1.144 million yuan in the same period last year, primarily affected by foreign exchange losses [1] Group 3: Business Strategy and Compliance - The company defended its decision to sell the Dudi brand, stating that it was a collective decision made in compliance with regulations, and reported a 61% year-on-year revenue growth for this business in the first three quarters of 2025 [1] - The company emphasized that the audit committee's investigation is not directly related to the third-quarter report [1]

格隆汇10月27日丨可靠股份(301009.SZ)发布公告，2025年前三季度，实现营业收入8.29亿元，同比增加 5.12%；归属于上市公司股东的净利润2798.44万元，同比增加26.79%；归属于上市公司股东的扣除非经 常性损益的净利润2321.83万元，同比增加37.81%；基本每股收益0.105元。 ...

Core Viewpoint - The aging population trend is increasingly prominent, and the focus is on how to ensure a dignified and comfortable life for the elderly. Reliable Co., Ltd. has reported a positive financial performance, indicating its strong capabilities in production, sales, and innovation in the silver economy sector [1][4]. Financial Performance - In the first three quarters of 2025, Reliable Co., Ltd. achieved a total revenue of 829 million yuan, a year-on-year increase of 5.12%. The net profit attributable to shareholders was 27.98 million yuan, up 26.79% year-on-year. Operating cash flow saw a significant increase of 136.29%, reaching 89.72 million yuan [1]. Product Innovation - Reliable Co., Ltd. has developed a new adult diaper product designed to reduce the frequency of changes at night and significantly lower the risk of bedsores. This product is based on in-depth research into the physiological characteristics of the elderly, achieving breakthroughs in absorption, moisture retention, dryness, and leak prevention [1]. - The company has also launched the "Cloud Soft Instant Absorption" series, which optimizes skin-friendliness, absorption speed, and breathability, catering to the needs of sensitive skin [2]. - Recent innovations include the "Cranberry Probiotic Absorbent Towel" and the upgraded "Absorption Treasure 2.0," which combine functional materials with care technology to address users' health and comfort needs [2]. Market Position and Channel Strategy - Reliable Co., Ltd. has established a comprehensive online and offline channel coverage, achieving good sales performance. The company operates official flagship stores on major e-commerce platforms and actively explores new sales channels such as live streaming and community group buying [3]. - The brand has consistently ranked first in market share in the adult incontinence sector in China, reflecting its strong brand effect and market presence [3]. Industry Outlook - According to the National Bureau of Statistics, the population aged 60 and above in China has exceeded 310 million, accounting for 22% of the total population, marking the entry into a moderately aging society. The adult incontinence products market is expected to exceed 16.8 billion yuan by 2031, indicating a significant growth opportunity in the silver economy [4]. - With robust R&D capabilities, precise user insights, and a comprehensive channel strategy, Reliable Co., Ltd. is well-positioned to lead industry trends and provide reliable health care solutions for more families in China [4].

Group 1 - The core point of the article is that Reliable Co., Ltd. (SZ 301009) held a temporary board meeting on October 24, 2025, to review the proposal for the Q3 2025 report [1] - The company's revenue composition for the year 2024 is entirely from the paper products industry, accounting for 100.0% [1] - As of the report, Reliable Co., Ltd. has a market capitalization of 3.8 billion yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Reliable Co., which reported a revenue increase and a significant rise in net profit for the third quarter of 2025 [1] - Reliable Co. achieved approximately 829 million yuan in revenue for the first three quarters of 2025, representing a year-on-year increase of 5.12% [1] - The net profit attributable to shareholders of the listed company was approximately 27.98 million yuan, reflecting a year-on-year increase of 26.79% [1] Group 2 - As of the report, Reliable Co. has a market capitalization of 3.8 billion yuan [2]

一、董事鲍佳女士《关于<2025 年第三季度报告>的议案》的反对理由及公 司说明 杭州可靠护理用品股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召开第五届董事会第十二次（临时）会议，董事鲍佳女士、独立董事景乃权先 生对《关于<2025 年第三季度报告>的议案》分别投反对、弃权票，并出具了相 关理由，现将相关事项说明如下： 董事长兼总经理金利伟不顾反对强行主导的代售杜迪品牌婴儿纸尿裤产品 业务继 2024 年度亏损后，2025 年 1-6 月亏损，2025 年 7-9 月亏损。 杭州可靠护理用品股份有限公司 关于部分董事对定期报告有异议的说明 1、原经营决策的重大失职 二、独立董事景乃权先生《关于<2025 年第三季度报告>的议案》的弃权理 由及公司说明 1、审计委员会调查事项真实性有待确认。 公司说明： 鲍佳董事本意见所指代售杜迪业务事项，已于 2024 年 4 月 26 日召开的第五 届董事会独立董事第一次专门委员会会议审议通过后，提交至公司第五届董事会 第三次会议审议通过，公司代售杜迪业务已经过独立董事审议通过，并经过董事 会集体决策，符合公司的治理制度规定。 该业务是基于扩大渠道协 ...

证券代码：301009 证券简称：可靠股份 公告编号：2025-041 杭州可靠护理用品股份有限公司 关于计提资产减值准备及确认其他权益工具投资公允 价值变动的公告 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。 杭州可靠护理用品股份有限公司（以下简称"公司"）根据《深圳证券交易 所创业板股票上市规则》《企业会计准则》等相关规定，将计提资产减值准备及 确认其他权益工具投资公允价值变动的具体情况公告如下： 一、计提资产减值准备及确认其他权益工具投资公允价值变动情况的概述 为真实反映公司财务状况和经营成果，根据《企业会计准则》及相关会计政 策等规定，公司对合并范围内截至 2025 年 9 月 30 日的各类资产进行全面清查， 并进行充分的评估和分析。基于谨慎性原则，经资产减值测试，公司认为部分资 产存在一定的减值迹象，对存在减值迹象的相关资产计提信用减值准备及资产减 值准备；同时依据公允价值计量要求对其他权益工具投资实施价值重估程序。 经公司及子公司对截至 2025 年 9 月 30 日存在可能发生减值迹象的资产进行 全面清查和资产减值测试后，计提信用减值准备及资 ...