根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 客户端 毛戈平（01318）盘初涨超5%，截至发稿，股价上涨4.49%，现报91.90港元，成交额7749.84万港元。 毛戈平发布公告称，近日公司与L Catterton Asia Advisors（路威凯腾）签订了战略合作框架协议。根据 该协议，双方将在全球市场扩张、收购及战略投资、资本结构优化、人才引进与治理等方面达成合作意 向。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 毛戈平（01318）盘初涨超5%，截至发稿，股价上涨4.49%，现报91.90港元，成交额7749.84万港元。 毛戈平发布公告称，近日公司与L Catterton Asia Advisors（路威凯腾）签订了战略合作框架协议。根据 该协议，双方将在全球市场扩张、收购及战略投资、 ...

消息面上，毛戈平发布公告称，近日公司与L Catterton Asia Advisors(路威凯腾)签订了战略合作框架协 议。根据该协议，双方将在全球市场扩张、收购及战略投资、资本结构优化、人才引进与治理等方面达 成合作意向。 毛戈平(01318)再涨超5%，截至发稿，涨4.78%，报92.15港元，成交额6267.43万港元。 根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 ...

消息面上，毛戈平发布公告称，近日公司与L Catterton Asia Advisors（路威凯腾）签订了战略合作框架 协议。根据该协议，双方将在全球市场扩张、收购及战略投资、资本结构优化、人才引进与治理等方面 达成合作意向。 根据框架协议，路威凯腾将利用其全球化的投资布局与战略夥伴网络，协助并赋能集团旗下品牌拓展海 外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为集团的长期发展 注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合作。 智通财经APP获悉，毛戈平(01318)再涨超5%，截至发稿，涨4.78%，报92.15港元，成交额6267.43万港 元。 ...

Group 1 - The core message of the event is the potential for collaboration between South Korean and Chinese startups, particularly in the fields of artificial intelligence and smart hardware, as emphasized by MiniMax's founder Yan Junjie [1] - The South Korean government, represented by President Yoon Suk-yeol, expressed strong support for fostering exchanges and collaborations between the two countries' entrepreneurial ecosystems [3] - The forum highlighted the significant interest from South Korean startups in entering the Chinese market, with many companies seeking partnerships to leverage China's vast market potential [1][3] Group 2 - LUNIT's CEO Xu Banshi called for the establishment of a Sino-Korean startup group to collaboratively build a data center and conduct data validation work, aiming to identify cooperative projects [2] - CMBI's CEO Huo Jianjun suggested that South Korean companies leverage their semiconductor technology advantages in conjunction with Chinese market applications to create substantial synergies [2] - The event showcased over 50 Korean beauty brands, indicating a strong interest in the Chinese beauty market, with the First Lady of South Korea praising the diversity and responsiveness of these brands to market demands [3]

Core Viewpoint - The recent departure of key personnel and the suspension of live broadcasts for the brand Han Shu under the company Shangmei Co., Ltd. have raised concerns about the future development of its makeup brand NAN beauty, particularly in light of previous controversies regarding illegal ingredient additions [1][2][3]. Group 1: Personnel Changes - The partner of NAN beauty, Gu Mai, has announced his departure, which creates uncertainty regarding the brand's future development [1]. - Gu Mai was a core figure in the development of Shangmei's makeup business, having joined the company in May 2025 [1]. - Industry experts have differing opinions on the impact of Gu Mai's departure, with some suggesting it may not significantly affect NAN beauty's trajectory due to its early-stage development [1][2]. Group 2: Brand Performance and Issues - The official live broadcast for Han Shu on Douyin has been suspended since January 5, 2025, after maintaining a daily broadcast record for nearly a year [2]. - The suspension is speculated to be linked to a controversy involving illegal ingredient additions in Han Shu's face masks, specifically the detection of EGF [2]. - Despite official clarifications stating that no EGF was added to their products, consumer sentiment remains affected, impacting brand perception and sales [3]. Group 3: Financial Performance - In the first half of 2025, Shangmei Co., Ltd. reported a revenue of 4.108 billion yuan, a year-on-year increase of 17.3%, with Han Shu contributing 3.344 billion yuan, accounting for 81.4% of total revenue [3]. - The company's founder has outlined a ten-year strategic plan aiming for a revenue target of 30 billion yuan by 2030, focusing on a multi-brand strategy within the cosmetics sector [3][4]. Group 4: Strategic Challenges - The company faces strategic challenges in overcoming the current "stalemate" following the EGF incident, which has already led to stock price declines and product withdrawals [4]. - Experts suggest that effective measures are needed to restore brand image and performance, such as enhancing user engagement and communication [4].

Core Viewpoint - The founder of MAOGEPING, Mao Geping, along with family members and executives, plans to sell up to 17.2 million H-shares, representing 3.51% of the company's total issued shares, due to personal financial needs. The proceeds, estimated at approximately HKD 1.513 billion, will be used for investments in the beauty industry and personal improvements [2]. Group 1: Company Performance - MAOGEPING's stock price peaked at HKD 130.6 shortly after its listing, but has since declined, with a current market capitalization of HKD 43.112 billion, down approximately HKD 19.3 billion from its peak [4]. - For the first half of 2025, MAOGEPING reported revenue of HKD 2.588 billion, a year-on-year increase of 31.3%, and net profit rose by 36.1% to HKD 670 million [4]. - Makeup products contributed 55% of total revenue, amounting to HKD 1.422 billion, with a year-on-year growth of 31.1% [4]. Group 2: Product Performance - The base makeup category continues to perform strongly, with individual products like the luxury caviar cushion and soft-focus powder each exceeding HKD 200 million in retail sales [5]. - In the first half of 2025, MAOGEPING sold nearly 9.06 million makeup items, a 36.8% increase year-on-year, although the average selling price decreased from HKD 163.8 to HKD 157, a drop of over 4% [7]. Group 3: Financial Metrics - Skincare product revenue grew by 33.4% to HKD 1.087 billion, accounting for 42% of total revenue, while the new fragrance line contributed HKD 11 million, representing 0.4% [8]. - Marketing expenses significantly impacted profitability, with sales and distribution expenses reaching HKD 1.169 billion, representing 45% of sales. Marketing and promotional costs increased by 24% to HKD 540 million [9]. - Research and development costs decreased to HKD 15 million, with a corresponding R&D cost rate of 0.6%, down 0.2 percentage points year-on-year [10].

Core Viewpoint - The announcement from Maogeping (01318.HK) regarding the planned share reduction by its major shareholders has attracted significant market attention, with a total of up to 17.2 million H-shares, representing 3.51% of the company's total issued shares, to be sold within six months [1][4]. Shareholder Reduction Plan - The shareholders involved in the reduction include Maogeping, his spouse Wang Liqun, and other family members, as well as a core executive, Song Hongquan [2]. - The reason for the share reduction is stated as personal financial needs, with proceeds intended for investments in the beauty industry and personal lifestyle improvements [3]. Market Reaction - Despite the announcement of the share reduction, Maogeping's stock price increased by 7.26% on January 7, closing at HKD 87.95, with a total market capitalization of HKD 431 billion [4]. Company Background - Maogeping has had a tumultuous journey in the capital markets, with multiple attempts to go public, including an A-share IPO application in 2016 and a successful listing on the Hong Kong Stock Exchange in December 2024 at an issue price of HKD 29.80 per share [5][6]. - The IPO was highly successful, with total subscription amounting to HKD 173.814 billion, making it the "frozen capital king" of 2024 [6]. Financial Performance - The company has shown robust financial growth, with total revenue increasing from CNY 1.577 billion in 2021 to CNY 2.886 billion in 2023, representing a compound annual growth rate (CAGR) of 35.3% [6]. - Net profit also grew from CNY 331 million in 2021 to CNY 664 million in 2023, with a CAGR of 41.6% [6]. - In its first year post-IPO (2024), the company achieved revenue of CNY 3.885 billion, a year-on-year increase of 34.6%, and a net profit of CNY 881 million, up 32.8% [6]. - For the first half of 2025, the company reported revenue of CNY 2.588 billion, a 31.3% increase year-on-year, and a net profit of CNY 670 million, growing by 36.1% [6].

Core Viewpoint - The announcement from Maogeping (01318.HK) regarding the planned share reduction by major shareholders has attracted significant market attention, indicating potential shifts in investor sentiment and company dynamics [1][5]. Shareholder Reduction Plan - Six major shareholders, including the founder and family members, plan to reduce their holdings by up to 17.2 million shares, representing 3.51% of the total issued shares, primarily through block trades within six months of the announcement [1][3]. - The reason for the reduction is stated as personal financial needs, with proceeds intended for investments in the beauty industry and personal lifestyle improvements [4]. Market Reaction - Despite the planned share reduction, Maogeping's stock price increased by 7.26% on January 7, closing at 87.95 HKD per share, with a total market capitalization of 431 billion HKD [5]. Company Background and IPO Journey - Maogeping's journey to the capital market has been complex, with multiple attempts at IPO since 2016, including a recent successful listing on the Hong Kong Stock Exchange on December 10, 2024, at an issue price of 29.80 HKD per share [6][7]. - The IPO attracted a total subscription amount of 173.814 billion HKD, making it the "frozen capital king" of 2024 in the Hong Kong market [7]. Financial Performance - The company has shown robust financial growth, with total revenue increasing from 1.577 billion CNY in 2021 to 2.886 billion CNY in 2023, reflecting a compound annual growth rate (CAGR) of 35.3% [7]. - Net profit also grew from 331 million CNY in 2021 to 664 million CNY in 2023, with a CAGR of 41.6% [7]. - In the first year post-IPO (2024), revenue reached 3.885 billion CNY, a year-on-year increase of 34.6%, and net profit was 881 million CNY, up 32.8% [7]. - For the first half of 2025, revenue was 2.588 billion CNY, a 31.3% increase year-on-year, with net profit at 670 million CNY, growing by 36.1% [7].

上市以来股价倍增，毛戈平公司执行董事拟集体减持公司股份。 1月6日晚间，毛戈平化妆品股份有限公司公告，控股股东及执行董事毛戈平、汪立群、执行董事毛霓萍、毛慧萍、汪立华及宋虹佺基于自身财务需求，拟 在减持预披露公告发布之日起6个月内，主要通过大宗交易方式合计减持其所持有的公司H股股份数量不超过1720万股，即不超过公司已发行股份总数的 3.51%。 以1月6日毛戈平港股收盘价每股82港元计算，上述股东拟套现14.1亿港元。 据此前年报显示，上述股东中汪立群为毛戈平的配偶，毛霓萍和毛慧萍为毛戈平的姐姐，汪立华为汪立群的弟弟。宋虹佺是毛戈平公司的核心高管，担任 执行董事、公司总裁、同时兼任MAOGEPING品牌事业部总经理。上述六人均为公司执行董事。 | | | | | | 佔本公司 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 有團股本類別 | 佔本公司 | | | | | 好意/ | | 股權之櫃的 | 股權總數之 | | 姓名 | 樓益性質 | 殷份頻別 | 淡盒 | 所持股份數目 | 百分比 | 概的百分比 | | 毛戈平先生(2) ...

根据框架协议，路威凯腾将利用其全球化的投资布局与战略伙伴网络，协助并赋能毛戈平集团旗下品 牌拓展海外高端零售渠道；此外，双方拟共同组建专注于全球高端美妆领域的股权投资基金，为毛戈 平集团的长期发展注入新动力；同时，双方亦将在资本结构进一步优化、人才引进与治理方面进行合 作。 共同开创中国美妆企业的新篇章。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，毛戈平于1月7日在港交所发布公告称，近日已与全球最大消费品投资公司路威凯 腾（L Catterton）签订战略合作框架协议，双方在全球市场扩张、收购及战略投资、资本结构进一 步优化、人才引进与治理方面达成战略合作意向。 毛戈平集团旗下高端美妆品牌MAOGEPING创立于2000年，其明星产品如"光感柔润粉底液"、"无 瑕双色遮瑕膏"、"光影塑颜高光粉膏"、"奢华鱼子面膜"等凭借卓越妆效与匠心工艺，成为众多消费 者心中的"国货之光"。品牌在全国高端百货渠道已设立超过400个专柜，并连续多年在丝芙兰系统 中稳居国货销量榜首，被誉为"最能代表中国高端彩妆实力的品牌"。 毛戈平集团创始人毛戈平表示："非常荣 ...