百亚股份员工持股平台拟减持不超过2% 曾身陷315“翻新卫生巾”风波

Core Viewpoint - The company Baiya Co., Ltd. is facing significant challenges following a scandal involving the alleged recycling of defective sanitary products, which has impacted its sales and investor confidence [1][2][5]. Group 1: Shareholder Actions - Baiya Co., Ltd. announced that three employee shareholding platforms plan to reduce their holdings by up to 2% of the company's total shares, equating to a maximum of 8.593 million shares [1]. - The reduction is attributed to the personal financial needs of the employees and will occur within three months after the announcement [1]. Group 2: Company Performance - Baiya Co., Ltd. reported a revenue of 3.254 billion yuan for 2024, a 51.8% increase year-on-year, and a net profit of 288 million yuan, up 20.7% from the previous year [1]. - Despite the growth, the company experienced a 92.92% decrease in net cash flow from operating activities in Q1 2025, amounting to 6.9107 million yuan [3]. - The company's revenue for the first half of the year was 1.764 billion yuan, a 15.12% increase year-on-year, with a net profit of 188 million yuan, up 4.64% [3][4]. Group 3: Impact of Scandal - The "recycling sanitary napkin" scandal led to a significant decline in the company's e-commerce channel revenue, which fell by 9.44% to 592 million yuan in the first half of the year [4]. - The gross margin for the e-commerce channel also decreased by 5.22 percentage points, resulting in a gross margin of 50.71%, the lowest among all channels [4]. - The company has increased its marketing expenses to 642 million yuan, an 18.76% rise, with promotional expenses alone reaching 464 million yuan, up 26.1% [4]. Group 4: Regulatory Response - Following the scandal, the Shenzhen Stock Exchange issued a letter of concern to Baiya Co., Ltd., requesting a self-examination and clarification regarding the procurement of substandard materials [2]. - Baiya Co., Ltd. responded by stating that it does not procure substandard raw materials and has ceased cooperation with waste disposal entities following the scandal [2].