Key highlights Developed to meet growing demand for dignified, high-quality and affordable continence care in both home and healthcare settings Discreet, breathable design stays virtually invisible under clothing for everyday confidence Innovations include channeled core pants for instant dryness and night pads for women with a wider back for better overnight protection Aalst, Belgium, June 17, 2025 – Ontex Group NV [EURONEXT: ONTEX], a leading international developer and producer of personal care solution ...

编号：2025-005 投资者关系 活动类别 特定对象调研 分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 现场参观 其他 现场调研 参与单位名称 及人员姓名 信达证券：曹馨茗、张洪滨。 时间 2025 年 6 月 17 日 14:30-15:30 地点 铜陵市狮子山经济开发区铜井东路 1928 号 铜陵洁雅生物科技股份有限公司会议室 上市公司接待 人员姓名 副总经理、董事会秘书：胡能华 证券事务代表：徐文丽 投资者关系活动 主要内容介绍 一、公司简介 铜陵洁雅生物科技股份有限公司成立于 1999 年，是一家专 注于湿巾类产品研发、生产与销售的专业制造商，经过二十多年 的发展，公司在湿巾产品的研发和生产等方面拥有深厚的技术积 累和行业经验。公司 2021 年 12 月 3 日登陆深交所创业板，募投 项目正在稳步推进中。公司 2025 年第一季度营业收入为 1.24 亿 元，净利润为 1,006.27 万元。 二、问答环节 Q1：公司自有品牌占比怎样？ A: 目前公司自有品牌业务营收占比很低，现阶段仍以代工 业务为主。 Q2：公司毛利率情况怎样？ | A: | 国际客户的毛利率高于国内客户。 | ...

Core Insights - Estee Lauder has launched its storefront on Amazon.ca Premium Beauty Store, enhancing its digital presence in Canada and providing access to its high-performance skincare, makeup, and fragrances [1][8] - The launch includes a curated selection of best-selling products, making it easier for Canadian shoppers to purchase Estee Lauder items online [2][4] - The collaboration with Amazon aims to combine Estee Lauder's luxury brand with Amazon's trusted service, offering a seamless shopping experience [4] Product Offerings - Estee Lauder's storefront features popular products such as Advanced Night Repair Serum, Double Wear Stay-In-Place Foundation, and Revitalizing Supreme+ [2][8] - The store is designed to provide an informative shopping experience, helping customers discover and learn about Estee Lauder's iconic products [3] Strategic Focus - Estee Lauder is implementing its Beauty Reimagined strategy to regain growth momentum, focusing on expanding consumer reach and enhancing brand presence on digital platforms like Amazon and TikTok Shop [9] - The company reported share gains in key markets, including Southeast Asia, the United States, the United Kingdom, and Canada, driven by strong performances from brands like Clinique and La Mer [9] Financial Performance - As of the third quarter of fiscal 2025, Estee Lauder has approved over 2,600 net position reductions and streamlined middle management by 20% to support long-term performance and restore sustainable sales growth [10] - The company's stock has gained 9.8% in the past month, while the industry and S&P 500 have grown by 14.8% and 2.4%, respectively [11]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

美妆丨市场观察 本周看点： -2025，不做品牌的美妆没有未来？ -2025，身体护理在卷什么？ -一季度国际美妆企业财报透露了什么？ 行业环境 关键词 ： 身体护理,面部护肤,情绪疗愈,功效成分,香氛护理 概要 ： 中国身体护理市场预计2024-2028年复合增长率达6.4%，2028年规模将突破378亿元。 行业呈现三大趋势：一是身体护理向面护级升级，功能化、专业化产品增多；二是精细化发 展，细分场景、季节性需求和特殊人群护理成重点；三是情绪经济崛起，香氛类产品注重情绪 价值创造。未来，具备研发实力、场景洞察和情感共鸣能力的品牌将占据优势。 4.复苏加速！4月化妆品卖了309亿元 1.2025，不做品牌的美妆没有未来？ 关键词 ： 美妆品牌,消费者认知,品牌化,产品创新,流量模式 概要 ： 中国美妆市场4月零售总额达309亿元，同比增长7.2%。消费趋势从追逐短期流量转向 注重品牌价值，国货品牌如珀莱雅、自然堂等因技术与品牌认知优势崛起。平台如淘宝天猫调 整策略，助力白牌企业品牌化转型。未来美妆行业将进入"炼金时代"，品牌化、研发力与产品 创新成核心驱动力，高质量与创新品牌更易实现可持续发展。 2.防晒黑 ...

Core Insights - Procter & Gamble (PG) is implementing a significant supply chain overhaul to enhance operational resilience and adapt to market changes, indicating a potential transformation in the consumer staples sector [1][4] Supply Chain Strategy - PG anticipates an annualized cost impact of $1–1.5 billion due to tariffs affecting raw materials, packaging, and finished goods from China, prompting the company to enhance productivity and explore pricing adjustments and sourcing changes [2][9] - The company's strategy emphasizes end-to-end digitization, regionalization of production, and agility, with investments in advanced analytics, real-time inventory tracking, and AI-powered forecasting to improve responsiveness and reduce waste [3][9] Competitive Landscape - Competitors Kimberly-Clark (KMB) and Colgate-Palmolive (CL) are also advancing their supply chain strategies, focusing on nearshoring, real-time inventory optimization, and AI-driven demand forecasting to enhance resilience and agility [5][6][7] Financial Performance - PG's stock has declined approximately 3.9% over the past three months, compared to a 1.6% decline in the industry [8] - The company trades at a forward price-to-earnings ratio of 23.17X, above the industry average of 20.77X, indicating a premium valuation [10] - The Zacks Consensus Estimate projects year-over-year earnings growth of 2.9% for fiscal 2025 and 3.5% for fiscal 2026, with recent estimates remaining unchanged [11]

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Core Insights - The FMCG sector in China continues to experience price deflation, leading to slower overall value growth, with a 0.8% annual value growth in 2024 supported by a 4.4% volume growth but hindered by a 3.4% decline in average selling prices [3][5][24] Market Performance - In 2024, the quarterly growth rates for China's FMCG were 1.5% in Q1, 1.8% in Q2, -0.6% in Q3, and a slight rebound to 0.4% in Q4. The first quarter of 2025 saw a 2.7% growth compared to the same quarter in the previous year, aided by improved macroeconomic indicators and government policies [4][5] - Home care led FMCG growth in 2024 with a 2.4% annual increase, followed by packaged food at 2.0% and beverages at 1.5%. Personal care, however, declined by 2.3% [7][10] Category Trends - In Q1 2025, home care grew by 6.1%, personal care rebounded with a 4.0% increase, and packaged food rose by 3.2%, while beverage growth stagnated at 0.5% [11] - The premium segment outperformed the overall market in categories like juice, instant coffee, toothpaste, and sanitary pads, driven by innovations and product upgrades [22] Channel Dynamics - The overall channel mix for FMCG remained stable, with grocery and super/mini formats outperforming in Tier 3 and Tier 4 cities, while club warehouses grew in higher-tier cities [12] - Online channels saw rapid growth in Douyin, while community group buying and horizontal marketplaces faced declines. Vertical grocery e-commerce grew by 26.0% in 2024 [15][16] Brand Competition - Domestic brands gained market share from foreign brands, claiming 76% of the market in 2024, with intense competition leading to the top five brands losing share in over half of FMCG categories [18][21] - The report suggests that brands must choose between specializing in the premium segment or competing in mass/mainstream segments to succeed in the current environment [24][25]

Group 1 - Dongfang Zhenxuan announced the launch of its first self-operated sanitary napkin, which will be available for sale on June 16, featuring a "pure cotton surface" aimed at safety and skin-friendliness [2][3] - The sanitary napkin's pH value is weakly acidic, and it has passed key tests such as skin sensitivity patch tests and formaldehyde-free tests, adhering to the GB 43631-2023 safety standards for infant products [3] - The first batch of sanitary napkins will include two specifications: 240mm and 290mm, with sales starting on the Dongfang Zhenxuan App and expanding to all official sales channels by June 18 [3] Group 2 - Many leading MCNs have entered the sanitary napkin market, with Huang Zitao's brand Duowei launching in May, claiming to have acquired a factory for transparent production rather than using a third-party manufacturer [4] - Duowei's sales performance has been strong, achieving over 40 million yuan in GMV during a live broadcast, with more than 5.4 million yuan in sales on the Douyin platform shortly after launch, surpassing established brands [4] - Other influencers, such as Xin Youzhi, have also established sanitary napkin brands, with significant sales figures reported, indicating a growing trend in the market [5]

Core Insights - Kimberly-Clark has formed a strategic partnership with Suzano to create a leading international tissue and professional products company, focusing on higher growth and margin segments [1][2][3] - The new venture will allow Kimberly-Clark to enhance its operational efficiency and improve its growth trajectory by concentrating on its iconic global brands [3][4] - The transaction is expected to generate significant shareholder returns through upfront cash proceeds and share repurchases [3][4][6] Company Strategy - The partnership sharpens Kimberly-Clark's focus on proprietary spaces that enhance growth, with approximately two-thirds of net revenues projected to come from personal care categories post-transaction [3][4] - The collaboration with Suzano is anticipated to reduce product costs and improve supply chain efficiency, benefiting both consumers and customers [3][4] Financial Details - Kimberly-Clark will contribute its International Family Care and Professional (IFP) business, which generated approximately $3.3 billion in net sales in 2024, to the new venture [5][6] - The implied enterprise value for the IFP business is approximately $3.4 billion, subject to adjustments at closing [6] - The transaction is expected to be dilutive to Adjusted Earnings Per Share by approximately $0.30-0.40 in the first full year following the close [7][8] Operational Impact - The new venture will encompass sales in over 70 countries, 22 manufacturing facilities, and around 9,000 employees, with more than 40 regional brands being owned by the new entity [5][6] - Kimberly-Clark's interests in Mexico and its joint venture in South Korea are excluded from this transaction [5] Timeline and Approvals - The transaction has been unanimously approved by Kimberly-Clark's Board of Directors and is expected to close in mid-2026, pending regulatory approvals [10]