1月7日，A股市场震荡上行，沪指尾盘翻红，喜提14连阳！截至15:00，有色50ETF（159652）早盘冲高后略有回落，收涨0.45%，喜提五连涨，全天大举吸 金，获超1.38亿元净流入，已连续4日强势吸金3.5亿元！ | 序号 | 代码 | 名称 | 申万一级行业 | 涨跌幅 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 601899 | 常会矿业 | 有色金属 | -2.34% | 15.69% | | 2 | 603993 | 洛阳钼业 | 有色金属 | 1.34% | 8.08% | | 3 | 600111 | 北方稀土 | 有色全属 | 4.88% | 5.09% | | 4 | 603799 | 华友钻业 | 有色全属 | 5.03% | 4.91% | | 5 | 601600 | 中国铝业 | 有色全属 | 0.57% | 4.66% | | 6 | 002460 | 赣锋锂业 | 有色金属 | -0.63% | 3.35% | | 7 | 600547 | 山东黄金 | 有色金属 | 0.27% | 3.19% | | 8 ...

Core Viewpoint - The company, Leshush, focuses on the hygiene products industry in emerging markets such as Africa, ranking first in sales of baby diapers and sanitary napkins in Africa in 2024, with market shares ranging from 40% to 60% in East and West Africa. The industry is in a growth phase, with significant potential for penetration increases due to low current market penetration rates compared to mature markets [1][4]. Company Overview - Leshush is a multinational hygiene products company specializing in baby diapers, pull-ups, sanitary napkins, and wet wipes, primarily targeting emerging markets in Africa, Latin America, and Central Asia. The company has evolved from a division of the SenDa Group, which began trading hygiene products in 2009, and has become a leading player in the hygiene products sector in multiple African countries [1][2]. Market Position and Performance - According to Frost & Sullivan, Leshush holds a market share of 20.3% in the baby diaper market and 15.6% in the sanitary napkin market in Africa as of 2024. The company's revenue is projected to grow from $320 million in 2022 to $454 million in 2024, with a CAGR of 19.2%. Adjusted net profit is expected to rise from $18.39 million to $97.67 million during the same period, reflecting a CAGR of 130.5% [1][2]. Product and Channel Strategy - The company has localized its products to meet local consumer preferences and has established a deep distribution network across more than 30 countries in emerging markets. It has built production facilities in eight African countries since 2018, allowing for cost reductions and competitive pricing against international brands [2][3]. Future Outlook - The hygiene products industry in emerging markets is expected to maintain rapid growth, driven by economic development and increasing penetration rates. The current penetration rates for baby diapers and sanitary napkins in Africa are approximately 20% and 30%, respectively, compared to 70%-90% in mature markets [4][5]. Expansion Plans - The company plans to expand its market presence in Latin America, Central Asia, and North and South Africa, leveraging its manufacturing and distribution experience. It aims to increase production capacity and strengthen channel development in regions where it has not yet achieved significant market share [5][6]. Backing and Growth Potential - Leshush is supported by the SenDa Group, which has extensive experience in international markets and a diverse portfolio. The company may pursue acquisitions in the hygiene sector to enhance its product offerings and market reach, benefiting from both organic and inorganic growth strategies [6].

Group 1 - The event showcases participation from 4,108 foreign enterprises across 155 countries, covering over 430,000 square meters, marking a record scale for the expo [2][4] - There is a notable increase of 23.5% in participation from the least developed countries [4] - The expo has expanded the African product section and is providing comprehensive support for countries with diplomatic relations with Africa, including some free exhibition spaces [6] Group 2 - The event will feature 461 new products and technologies, focusing on sectors such as low-altitude economy and humanoid machines, attracting 290 Fortune Global 500 companies [8][10] - Trade negotiations and investment fairs will be held, along with the creation of international friendship city exhibitions to further promote cooperation between China and foreign localities [10] - The expo will introduce new trends in consumer lifestyles, including innovations in sports economy and automotive sectors [13] Group 3 - The Shanghai Customs has launched a "Polymer Transport" model, breaking the limitations of the comprehensive bonded zone, allowing high-value exhibition goods to be directly transported to the expo, reducing transit time and damage risk [17]

Core Insights - The CEO of L'Oréal highlighted strong performance in emerging markets, a rebound in the Chinese business, and a gradual recovery in the North American market, which offset the slowdown in the European market [1] Group 1 - Emerging markets are showing robust growth, contributing positively to overall performance [1] - The Chinese market is experiencing a rebound, indicating a recovery in consumer demand [1] - The North American market is gradually recovering, helping to balance out the challenges faced in Europe [1]