SYG(SZ:300740) Xin Lang Cai Jing·2025-08-25 00:43Core Viewpoint - The company demonstrated accelerated growth in Q2 2025, with revenue reaching 2.5 billion, a year-over-year increase of 9.02%, and net profit attributable to shareholders at 123 million, up 16.54% year-over-year [1] Financial Performance - In Q2 2025, the company achieved revenue of 1.414 billion, reflecting a year-over-year growth of 12.16%, and net profit of 81 million, which is a 23.76% increase year-over-year [1] - The company's gross margin and net margin for Q2 2025 were 65.27% and 5.77%, respectively, showing improvements of 3.67 and 0.48 percentage points year-over-year [2] Business Segments - The self-owned brand segment generated revenue of 1.039 billion in H1 2025, accounting for 41.55% of total revenue, with a gross margin of 76.83%, up 5.7 percentage points year-over-year [1] - The company is focusing on high-end brands such as Ifidan, Perheqiao, and Revive, with Revive contributing significantly to revenue growth after its acquisition [1] - The agency operation business is returning to normal development, focusing on leading brands like Dabao and Mistick, which has stabilized overall profit margins [2] Product Categories - In H1 2025, the water, milk, and cream category generated revenue of 1.997 billion, a year-over-year increase of 11.70%, while the mask category achieved revenue of 423 million, up 17.96% year-over-year [2] Sales Channels - The company primarily utilizes online e-commerce channels, with revenue from Taobao platforms at 595 million, a year-over-year increase of 3.63%, and from Douyin platforms at 998 million, up 16.11% year-over-year [2] Cost Structure - In Q2 2025, the sales, management, and R&D expense ratios were 48.47%, 4.80%, and 1.62%, respectively, reflecting increases of 1.20, 0.90, and 0.52 percentage points year-over-year [2]