Group 1 - The core viewpoint is that 毛戈平 is a rare high-end domestic brand, with expectations of net profit growth from 12.04 billion to 20.25 billion yuan from 2025 to 2027, corresponding to PE ratios of 32.9, 25.0, and 19.6 times respectively, indicating a strong long-term potential in high-end brand expansion and product innovation [1] - 毛戈平 is gradually stepping onto the global stage, with the recent opening of its first store in Hong Kong and a launch event that combines Eastern aesthetics with modern art, enhancing its international brand image and deepening global channel layout [1] - The establishment of 毛戈平 (Hainan) Trading Co., Ltd. in Haikou is seen as a strategic move for global expansion, supported by plans for a headquarters R&D base and overseas R&D centers to enhance product efficacy through proprietary formulas and collaboration with foreign research institutions [1] Group 2 - 毛戈平 Beauty Education has opened its tenth campus in Guangzhou, marking a significant step in the brand's strategic expansion in Southern China and strengthening regional resource integration and industrial collaboration [2] - A strategic agreement was signed with Zhejiang Arts to establish the 毛戈平 Industry College, merging the brand's mission of enhancing beauty for Chinese women with a commitment to local community development, adding a cultural dimension to its growth [2]
财通证券:维持毛戈平“买入”评级 美妆教育体系加速完善