Company Overview - Jieya Co., Ltd. is a high-quality wet wipes manufacturer established in 1999, with major clients including Woolworths, Kimberly-Clark, Johnson & Johnson, Procter & Gamble, Babycare, and Dongfang Zhenxuan [2][13] - The company experienced a decline in performance in 2024 due to a drop in wet wipes orders post-pandemic, with projected revenue and net profit of 547 million and 19 million CNY respectively, resulting in a net profit margin of 3.50% [2][13] - In the first half of 2025, the company showed signs of recovery with revenue of 310 million CNY, a year-on-year increase of 8.8%, and a net profit of 33 million CNY, up 22.6%, leading to a net profit margin recovery to 10.50% [2][13] Industry Analysis - The global wet wipes market is steadily expanding, with a retail market size projected to reach 18.4 billion USD in 2024, reflecting a year-on-year growth of 2.7% [3][13] - In China, the wet wipes market is expected to exceed 12.9 billion CNY in 2024, growing by 4.3% year-on-year, with the top 10 brands holding a market share of 48.0% [3][13] Competitive Position - Jieya Co., Ltd. has a significant net profit margin advantage over competitors, with a 10.50% margin compared to Hangzhou Guoguang's 4.08% [4][13] - The company’s top five clients accounted for 77.6% of its revenue in 2024, with international brand clients driving a 46.2% increase in foreign revenue in the first half of 2025, raising the foreign revenue share to 60.3% [4][13] - The establishment of a production facility in the United States is expected to enhance the company's global competitiveness, with a projected capacity of 15 billion wet wipes annually [4][13] Financial Projections - Forecasts for Jieya Co., Ltd. indicate net profits of 77 million, 107 million, and 144 million CNY for 2025, 2026, and 2027 respectively, representing year-on-year growth rates of 297.2%, 38.1%, and 34.7% [13] - The current market capitalization is estimated at 3.5 billion CNY, with corresponding price-to-earnings ratios of 45, 33, and 24 for the years 2025 to 2027 [13]

Company - Jieya Co., Ltd. is a high-quality wet wipes manufacturer established in 1999, with major clients including Woolworths, Kimberly-Clark, Johnson & Johnson, Procter & Gamble, Babycare, and Dongfang Zhenxuan [1] - The company experienced a decline in orders post-pandemic, with projected 2024 revenue and net profit dropping to 547 million and 19 million respectively, resulting in a net profit margin of 3.50% [1] - In the first half of 2025, the company reported a revenue of 310 million, an 8.8% year-on-year increase, and a net profit of 33 million, a 22.6% increase, with a net profit margin recovering to 10.50% [1] - Jieya has launched a restricted stock incentive plan for 2025, aiming to double revenue from 2024 levels over the next three years, indicating strong growth confidence [1] Industry - The global wet wipes market is steadily growing, with a retail market size projected to reach 18.4 billion USD in 2024, a 2.7% year-on-year increase, and the top 10 companies holding a combined market share of 41.3% [2] - In 2024, the retail market sizes for wet wipes in the US and Western Europe are expected to be 6.7 billion and 3.9 billion USD respectively [2] - The Chinese wet wipes market is projected to exceed 12.9 billion RMB in 2024, with a year-on-year growth of 4.3%, and the top 10 brands holding a market share of 48.0% [2] Company Performance - Jieya's core business is wet wipes manufacturing, with significant profit recovery since 2025, showing a net profit margin advantage over competitors like Hangzhou Guoguang [3] - The company’s top five clients accounted for 77.6% of revenue in 2024, with international brand clients driving a 46.2% year-on-year growth in foreign sales in the first half of 2025 [3] - The gross profit margin for foreign business in the first half of 2025 was 35.38%, significantly higher than the domestic margin of 6.22% [3] - Jieya is establishing a production base in the US, with a projected capacity of 15 billion wipes annually, enhancing its global competitive edge [3] Profit Forecast and Valuation - The projected net profits for Jieya from 2025 to 2027 are 77 million, 107 million, and 144 million respectively, representing year-on-year growth rates of 297.2%, 38.1%, and 34.7% [4] - As of September 26, 2025, the company's market capitalization is 3.5 billion, with corresponding price-to-earnings ratios of 45, 33, and 24 for the years 2025 to 2027 [4] - Using a comparable company valuation method, Jieya's PEG for 2026 is estimated at 1.16, suggesting a market value of 4.6 billion, with a "buy" rating initiated [4]

Investment Rating - The report assigns a "Buy" rating for the company, Jeya Co., Ltd. [3][8] Core Viewpoints - Jeya Co., Ltd. is a high-quality wet wipe manufacturer with significant international brand client orders driving a performance turnaround. The company has experienced a recovery in performance since 2025, with a notable increase in overseas orders from major clients [6][7][10]. Financial Data and Profit Forecast - Total revenue is projected to reach 716 million yuan in 2025, with a year-on-year growth rate of 30.8%. By 2027, revenue is expected to grow to 1,137 million yuan, reflecting a 28.0% increase [2]. - The net profit attributable to the parent company is forecasted to be 77 million yuan in 2025, with a staggering year-on-year growth of 297.2%. By 2027, net profit is expected to reach 144 million yuan, with a growth rate of 34.7% [2]. - Earnings per share are projected to increase from 0.40 yuan in 2025 to 1.27 yuan in 2027 [2]. Industry Overview - The global wet wipe market is steadily expanding, with a retail market size of 18.4 billion USD in 2024, reflecting a year-on-year growth of 2.7%. The market is primarily driven by North America and Western Europe [37][38]. - In China, the wet wipe market is expected to exceed 12.9 billion yuan in 2024, with a year-on-year growth of 4.3% [39]. Company Analysis - Jeya Co., Ltd. has a robust client base, including major international brands such as Procter & Gamble and Kimberly-Clark. The company’s revenue from its top five clients accounted for 77.6% in 2024 [6][10]. - The company is expanding its production capacity with a new factory in the United States, which is expected to significantly enhance its global competitiveness [10][11]. Profitability and Valuation - The company’s gross margin is projected to improve from 19.6% in 2024 to 25.1% in 2025, with a net margin recovery to 10.5% in the first half of 2025 [2][27]. - The current market capitalization is approximately 3.5 billion yuan, with corresponding price-to-earnings ratios of 45, 33, and 24 for 2025, 2026, and 2027, respectively [8][10].

Market Overview - The personal care products sector experienced a decline of 0.45% on September 26, with Beijiajie leading the drop [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] Stock Performance - Key stocks in the personal care sector showed varied performance, with Jeya Co. rising by 2.20% to a closing price of 31.18, while Beijiajie fell by 3.31% to 34.21 [1][2] - Other notable performances include: - Dengkang Oral at 39.28, up 1.42% - Yanjing Co. at 8.23, up 0.61% - Stable Medical at 37.65, down 0.50% [1][2] Capital Flow - The personal care products sector saw a net outflow of 14.44 million yuan from institutional investors and 12.17 million yuan from retail investors, while individual investors contributed a net inflow of 26.61 million yuan [2] - Detailed capital flow for specific stocks indicates: - Yanjing Co. had a net outflow of 6.26 million yuan from institutional investors [3] - Reliable Co. saw a net inflow of 6.14 million yuan from institutional investors [3] - Dengkang Oral experienced a net inflow of 5.26 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the news is that Jeya Co., Ltd. experienced a decline in stock price and trading volume, with significant financing activities indicating a high level of market interest despite the drop [1][2]. Group 2 - On September 25, Jeya Co., Ltd. saw a stock price drop of 4.13%, with a trading volume of 57.45 million yuan [1]. - The financing data for Jeya Co., Ltd. on the same day showed a financing purchase amount of 4.3845 million yuan and a financing repayment of 5.8120 million yuan, resulting in a net financing outflow of 1.4275 million yuan [1]. - As of September 25, the total financing and securities lending balance for Jeya Co., Ltd. was 41.8837 million yuan, which accounts for 1.22% of its circulating market value, indicating a high level compared to the past year [1]. - The company has a significant reliance on wet wipes, which constitute 84.62% of its main business revenue, while facial masks and personal care products contribute 11.95% and 1.86%, respectively [1]. Group 3 - As of September 20, the number of shareholders for Jeya Co., Ltd. was 8,110, a decrease of 9.30% from the previous period, while the average circulating shares per person increased by 10.26% to 7,972 shares [2]. - For the first half of 2025, Jeya Co., Ltd. reported a revenue of 310 million yuan, representing a year-on-year growth of 8.79%, and a net profit attributable to shareholders of 32.5837 million yuan, which is a 22.55% increase year-on-year [2]. - Since its A-share listing, Jeya Co., Ltd. has distributed a total of 150 million yuan in dividends, with 89.0638 million yuan distributed over the past three years [2].

Core Viewpoint - The personal care products sector experienced a decline of 1.25% on September 25, with Jeya Co., Ltd. leading the drop [1] Market Performance - The Shanghai Composite Index closed at 3853.3, down 0.01% - The Shenzhen Component Index closed at 13445.9, up 0.67% [1] Individual Stock Performance - Runben Co., Ltd. (603193) closed at 29.81, up 2.05% with a trading volume of 72,200 shares and a turnover of 212 million yuan - Beijia Clean (603059) closed at 35.38, down 0.17% with a trading volume of 39,700 shares and a turnover of 140 million yuan - Yanjing Co., Ltd. (300658) closed at 8.18, down 0.37% with a trading volume of 80,200 shares and a turnover of 65.57 million yuan - Kela Co., Ltd. (301009) closed at 13.26, down 0.53% with a trading volume of 24,500 shares and a turnover of 32.61 million yuan - Haoyue Nursing (605009) closed at 32.91, down 0.54% with a trading volume of 17,200 shares and a turnover of 57.03 million yuan - Stable Medical (300888) closed at 37.84, down 0.76% with a trading volume of 37,800 shares and a turnover of 144 million yuan - Yiyi Co., Ltd. (001206) closed at 29.49, down 1.07% with a trading volume of 45,200 shares and a turnover of 134 million yuan - Dengkang Oral (001328) closed at 38.73, down 1.45% with a trading volume of 8,080 shares and a turnover of 31.48 million yuan - Zhongshun Jiesang (002511) closed at 8.15, down 1.69% with a trading volume of 83,900 shares and a turnover of 68.96 million yuan - Liangmian Needle (600249) closed at 5.88, down 1.84% with a trading volume of 133,400 shares and a turnover of 79.16 million yuan [1] Capital Flow - The personal care products sector saw a net inflow of 17.31 million yuan from institutional investors - Retail investors experienced a net inflow of 8.72 million yuan, while speculative funds had a net outflow of 26.02 million yuan [1]

Market Overview - The personal care products sector experienced a decline of 0.77% on September 24, with Baiya Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Notable gainers in the personal care sector included: - Yiyi Co., Ltd. (依依股份) with a closing price of 29.81, up 6.12% [1] - Zhongshun Jiesang (中顺洁桑) at 8.29, up 2.09% [1] - Liangmian Needle (两面针) at 5.99, up 1.70% [1] - Conversely, Baiya Co., Ltd. (百亚股份) saw a decline of 2.61%, closing at 26.90 [2] Trading Volume and Capital Flow - The personal care products sector had a net outflow of 15.49 million yuan from institutional investors and 16.54 million yuan from retail investors, while there was a net inflow of 32.04 million yuan from individual investors [2] - The trading volume for Yiyi Co., Ltd. reached 73,000 hands with a transaction value of 214 million yuan [1] Capital Flow Analysis - Key capital flow insights include: - Yiyi Co., Ltd. had a net inflow of 6.27 million yuan from institutional investors, while retail investors saw a net outflow of 9.08 million yuan [3] - Reliable Co., Ltd. (可靠股份) experienced a net inflow of 6.14 million yuan from institutional investors but a net outflow of 4.62 million yuan from retail investors [3] - Zhongshun Jiesang faced a significant net outflow of 7.42 million yuan from institutional investors, while individual investors contributed a net inflow of 18.98 million yuan [3]

Core Viewpoint - The company, Jieya Co., Ltd. (301108), has confirmed that its disinfectant wipes can be used for disinfecting hands and feet, thereby reducing the risk of germ transmission through contact [1] Company Summary - Jieya Co., Ltd. produces disinfectant wipes that are effective for surface disinfection [1] - The wipes are designed to minimize the transmission of bacteria through hand and foot contact [1]

Group 1 - The core point of the article is that Jieya Co., Ltd. (301108) reported a total of 8,110 shareholders as of September 20 [1]

Summary of Key Points Core Viewpoint - Jeya Co., Ltd. has experienced a decline in the number of shareholders and a decrease in stock price, indicating potential challenges in investor confidence and market performance [2]. Shareholder and Stock Performance - As of September 20, the number of shareholders for Jeya Co., Ltd. was 8,110, a decrease of 832 from the previous period (September 10), representing a decline of 9.30% [2]. - The latest stock price for Jeya Co., Ltd. is 31.77 yuan, down by 1.40%, with a cumulative decline of 3.67% since the concentration of shares began [2]. - The stock has seen 4 days of increase and 6 days of decrease during this period [2]. Financing and Margin Data - As of September 23, the margin trading balance for Jeya Co., Ltd. was 42.783 million yuan, with the financing balance also at 42.783 million yuan [2]. - The financing balance has decreased by 3.754 million yuan, reflecting a decline of 8.07% since the concentration of shares began [2]. Financial Performance - In the first half of the year, Jeya Co., Ltd. achieved operating revenue of 310 million yuan, representing a year-on-year growth of 8.79% [2]. - The net profit for the same period was 32.5837 million yuan, showing a year-on-year increase of 22.55% [2]. - The basic earnings per share were 0.4000 yuan, with a weighted average return on equity of 1.77% [2].