Core Viewpoint - The recent announcement by Baiya Co., Ltd. regarding shareholder reduction of shares highlights the impact of public sentiment on the company's online sales, despite its stock price performing strongly and reaching historical highs [1][6]. Company Performance - Baiya Co., Ltd. specializes in the research, production, and sales of disposable personal hygiene products, including sanitary napkins, baby diapers, and adult incontinence products [3]. - The company has shown a significant revenue growth from 1.251 billion yuan in 2020 to 3.254 billion yuan in 2024, while net profit increased from 183 million yuan to 288 million yuan during the same period [3]. - The company's gross margin improved from 42.66% to 53.19% from 2020 to 2024, while net margin declined from 14.56% to 8.84% [3]. Recent Financial Results - In the first half of 2025, Baiya Co., Ltd. reported a revenue of 1.764 billion yuan, a year-on-year increase of 15.12%, and a net profit of 188 million yuan, up 4.64% [5]. - The second quarter of 2025 saw a significant slowdown, with revenue growth of only 0.18% and a net profit decline of 25.50% [4]. Sales Channels and Market Impact - The company's e-commerce channel faced a 9.4% decline in revenue, amounting to approximately 592 million yuan, largely due to negative public sentiment following a scandal involving a competitor [4][6]. - Despite challenges in online sales, Baiya Co., Ltd. experienced a 39.8% increase in offline sales, generating 1.133 billion yuan in the first half of 2025 [6]. Shareholder Actions - Baiya Co., Ltd. announced that its major shareholders plan to reduce their holdings by up to 2%, primarily due to personal financial needs [1][8]. - The shareholders involved hold approximately 8.15% of the company's total shares, and the potential cashing out could exceed 222 million yuan based on the current share price [8][9].

Core Viewpoint - The recent announcement by Baiya Co., Ltd. regarding shareholder reduction of shares highlights the impact of public sentiment on the company's online sales, which have seen a decline, while the stock price remains strong, reaching historical highs [2][3][7]. Group 1: Company Performance - Baiya Co., Ltd. specializes in the research, production, and sales of disposable personal hygiene products, including sanitary napkins and baby diapers, with a strong brand presence [3]. - The company's net profit decreased by 17.83% in 2022 due to factors like the pandemic and rising raw material costs, but revenue still grew by 10.19% [3]. - From 2020 to 2024, Baiya's revenue is projected to grow from 1.251 billion to 3.254 billion yuan, while net profit is expected to rise from 183 million to 288 million yuan [3]. - The gross margin increased from 42.66% to 53.19% from 2020 to 2024, while the net margin decreased from 14.56% to 8.84% during the same period [3]. Group 2: Recent Financial Results - In the first half of 2025, Baiya achieved revenue of 1.764 billion yuan, a year-on-year increase of 15.12%, with net profit reaching 188 million yuan, up 4.64% [5]. - The e-commerce channel revenue was approximately 592 million yuan, down 9.4% year-on-year, significantly impacted by public sentiment [4][5]. - The company expects to return to normal growth rates in the e-commerce channel by the fourth quarter of 2025 [6]. Group 3: Stock Performance and Shareholder Actions - Baiya's stock price has shown strong performance, reaching a high of 34.99 yuan in May 2025, representing an increase of over 400% from its low of 6.95 yuan in October 2022 [7]. - The company announced that its major shareholders plan to reduce their holdings by up to 2%, primarily due to personal financial needs [8]. - As of September 26, 2025, Baiya's stock price was 25.85 yuan, with a market capitalization of 11.11 billion yuan [12].