百亚股份：2025年上半年营收净利双增，纸尿裤产品营收同比下降34.03%

Core Insights - The company reported a revenue of 1.764 billion yuan for the first half of 2025, representing a year-on-year growth of 15.1% [1] - The net profit attributable to the parent company reached 188 million yuan, an increase of 4.6% compared to the same period last year [1] Revenue Breakdown - The sanitary napkin segment generated revenue of 1.688 billion yuan, showing a year-on-year increase of 19.93% [1] - The diaper segment reported revenue of 38 million yuan, reflecting a decline of 34.03% year-on-year [1] - The ODM (Original Design Manufacturer) segment achieved revenue of 39 million yuan, down 43.08% compared to the previous year [1] Brand Portfolio - The company owns several brands including "Free Point" for sanitary napkins, "Good" for baby diapers, and "Danning" for adult incontinence products, all positioned in the mid-to-high-end market [1]