Core Insights - Shanghai Shangmei Cosmetics Co., Ltd. reported a revenue of 4.108 billion yuan for the first half of 2025, representing a year-on-year growth of 17.3% [1] - The company's gross profit reached 3.102 billion yuan, with a year-on-year increase of 15.8% [1] - Net profit for the period was 556 million yuan, showing a significant year-on-year growth of 34.7%, indicating improved profitability [1] - Basic earnings per share stood at 1.32 yuan [1] Revenue Drivers - The revenue increase was primarily driven by the steady advancement of the core business in cosmetics production and sales, with the main brand "Han Shu" making a significant contribution [1] - "Han Shu" brand achieved the highest monthly average GMV among beauty brands on Douyin, with several new products topping category rankings [1] - The brand "newpage" generated 397 million yuan in revenue during the first half of 2025, marking a substantial year-on-year increase of 146.5% [1] - The online sales of "newpage" for the first half of 2025 surpassed the total sales for the entire year of 2024 [1] R&D Investment - Research and development expenditure for the first half of 2025 reached 103 million yuan, reflecting a year-on-year growth of 31.7% [1] - The proportion of R&D investment relative to revenue increased from 2.2% in the first half of 2024 to 2.5% in the first half of 2025, indicating a further increase in investment intensity [1]
上美股份上半年营收净利润均同比双增