Yanjan(SZ:300658) KAIYUAN SECURITIES·2025-10-27 08:42Group 1: Industry Overview - The overall research activity in the A-share market has decreased, with a total of 229 research instances last week, lower than 348 instances in the same period of 2024 [3][14] - Only the beauty care, building materials, and comprehensive sectors saw an increase in research activity compared to the previous week [3][14] - In September, the total number of research instances in the A-share market rebounded significantly to 4,055, surpassing 3,544 instances in the same month of 2024 [22][24] Group 2: Company-Specific Insights - Yanjiang Co., Ltd. has been frequently researched, with two instances last week, as the company is expected to benefit from the upgrade of overseas sanitary napkin and diaper materials [4][31] - The market size for female sanitary products in China is projected to reach 86.71 billion yuan in 2024, reflecting a growth of 23.27% compared to 2023 [4][31] - Other companies such as Xinqianglian, Liyuanheng, and Siyuan Electric have also attracted significant market attention, with multiple research instances noted [28][29]