SYG(SZ:300740) Cai Jing Wang·2025-09-19 08:43Core Insights - The company is focusing on high-end brand development and global expansion, particularly through partnerships with luxury hotels and the establishment of exclusive spa experiences [1][2] - The launch of the first EDB brand castle store in Shanghai is expected to enhance the brand's luxury image and has already shown promising sales performance [1] - The company aims to strengthen its brand assets and improve its product system to drive sustained growth for the PA brand, leveraging its high-end brand management capabilities [1][2] Group 1 - The company is collaborating with several five-star hotels globally, including Rosewood, St. Regis, and Waldorf, to expand its EDB spa services [1] - The management highlighted a significant focus on high-end hotel and cinema channels to penetrate luxury consumer segments [1] - The PA brand has experienced rapid growth in the first half of the year, supported by the company's strong brand assets and management expertise [1] Group 2 - The company is optimizing its business layout under the strategy of "high-end and globalization," prioritizing the development of high-end brands like EDB, PA, and RV [2] - There is a continuous improvement in the overall gross margin, indicating enhanced operational quality and efficiency [2] - The company is committed to achieving high-quality revenue growth and improving profitability through meticulous expense management as the share of high-end brands in revenue increases [2]