Core Viewpoint - Reliable Co., Ltd. has demonstrated solid financial performance in the first half of 2025, driven by the aging population and increasing demand for adult incontinence products, positioning itself for growth in the silver economy [1][2][3] Financial Performance - The company reported a revenue of 549 million yuan, a year-on-year increase of 5.39% [1] - The net profit attributable to shareholders reached 28.28 million yuan, up 21.81% year-on-year [1] - Operating cash flow net amount was 41.38 million yuan, reflecting a significant increase of 157.71% [1] - Basic earnings per share stood at 0.11 yuan [1] Business Strategy - Reliable Co., Ltd. has established a clear business matrix focusing on its own brand development in the adult care sector while leveraging a mature ODM model for baby and pet health care [1] - The company has been the market leader in the adult incontinence sector in China for several consecutive years, showcasing strong brand recognition [1] Market Trends - The aging population in China is projected to reach 310 million by the end of 2024, accounting for 22% of the total population, with a significant portion being over 65 years old [2] - The penetration rate of adult incontinence products in China is currently below 10%, compared to over 50% in Japan and the U.S., indicating substantial growth potential [2] - The implementation of long-term care insurance is expected to improve awareness and purchasing power for adult incontinence products, further enhancing market penetration [2] Industry Dynamics - The industry is transitioning from the initial formation phase to a brand consolidation phase, with market share restructuring and concentration being inevitable trends [3] - Reliable Co., Ltd. is capitalizing on its first-mover advantage, brand strength, and channel layout to seize market share and reinforce its leading position [3] - The company is continuously improving product features such as antibacterial, deodorizing, and absorption capabilities to meet consumer demands, driving up production and sales [3]
可靠股份多路径深耕银发经济 上半年净利增长21.81%