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上海茉曦日化有限公司成立 注册资本108万人民币
Sou Hu Cai Jing· 2025-08-20 21:23
Core Insights - Shanghai Moxi Daily Chemical Co., Ltd. has been established with a registered capital of 1.08 million RMB [1] - The company is engaged in a wide range of sales activities including daily chemical products, household goods, cosmetics, and personal hygiene products [1] Company Overview - The legal representative of the company is Zou Wen [1] - The business scope includes general projects such as sales of daily chemical products, household items, and various consumer goods [1] - The company also engages in wholesale and retail of cosmetics, personal hygiene products, and disinfectants [1] Business Activities - The company’s operations cover a diverse array of products including but not limited to: - Daily chemical products - Household goods - Cosmetics (both wholesale and retail) - Personal hygiene items - Disinfectants (excluding hazardous chemicals) [1] - Additional activities include sales of electronic products, pet food, labor protection supplies, and various other consumer goods [1] Market Engagement - The company is involved in domestic trade agency, import and export of goods, and technology services [1] - Marketing services, including brand management and advertising, are also part of the company's business model [1]
24款驱蚊产品核查:“日本叮叮”只是商标名,无驱蚊成分
Xin Jing Bao· 2025-08-20 14:01
"秋后的蚊子猛于虎",每年北京的初秋、中秋都是蚊虫活跃时期,加上基孔肯雅热疫情,防蚊驱蚊产品受到颇多 关注。不过,市场需求的提升也伴随一些问题,如无"三证"产品当作防蚊驱蚊产品售卖,以"嗡""叮"等字眼暗示 驱蚊功效,货不对板,甚至一些"三无"产品也在市场销售。 近期,新京报记者从线下超市、连锁店及多家电商平台购买了24款防蚊驱蚊产品,包括蚊香、驱蚊花露水、驱蚊 液、防护贴(含精油贴)、驱蚊喷雾等,购买渠道涉及电商、便利店、商超等。 总体来看,蚊香、驱蚊花露水等传统驱蚊产品对农药登记证号、产品标准号以及农药生产许可证号(即"三证") 的标志较为规范。无论线下还是电商平台,以天然成分、植物萃取等为卖点的防护贴、驱蚊手环类产品,则在实 际销售中以"防叮""远离夏季嗡嗡滋扰"等内容,打起了防蚊驱蚊擦边球。另外,24款产品中,有15款未在外包装 中标注"三证",其中防护贴、防护手环占比达三分之二。 问题1 以远离"嗡""防叮"擦边驱蚊,防护贴、手环居多 据农业农村部2021年9月发布的《关于防蚊驱蚊类产品认定的意见》,如果产品的标签、说明书标明该产品具有防 蚊驱蚊功能,无论其有效成分是化学成分还是植物源性成分,该产品 ...
润本股份(603193):产品扩张、线下渗透,业绩符合预期
Xinda Securities· 2025-08-20 11:04
Investment Rating - The report does not provide a specific investment rating for the company [1] Core Views - The company reported a revenue of 895 million yuan in H1 2025, representing a year-on-year increase of 20.3%, and a net profit attributable to the parent company of 188 million yuan, up 4.2% [1] - The Q2 revenue was 655 million yuan, reflecting a 13.5% increase, while the net profit decreased by 0.9% to 143 million yuan [1][2] - The performance was impacted by prolonged discounting during the 618 shopping festival and the expansion of the Sam's Club channel [2] Product Segment Summary - **Mosquito Repellent Series**: Q2 revenue reached 332 million yuan, a year-on-year increase of 13.83%, with a sales volume of 63.28 million units. The average price was 5.24 yuan, down 0.76%. The gross margin for H1 was 53.68%, slightly down due to channel expansion and rising raw material costs [3] - **Infant and Child Series**: Q2 revenue was 226 million yuan, up 22.89%, with a sales volume of 22.14 million units. The average price increased by 6.93% to 10.19 yuan. The gross margin for H1 was 61.11%, showing a slight decline [3] - **Essential Oil Series**: Q2 revenue fell to 81 million yuan, down 15.64%, with a sales volume of 11.57 million units. The average price decreased by 11.39% to 7.00 yuan. The gross margin for H1 was 61.83%, also down due to increased competition [4] - **Youth Series**: The company launched new products targeting youth, including acne treatment and hair care products, which are expected to maintain high growth due to the ongoing industry expansion [4] Channel Summary - The company actively expanded its offline channels in H1 2025, including a partnership with Sam's Club and strong growth in non-platform distribution channels [5] - Online growth is expected to slow due to increased competition, but the company maintains a high market share on platforms like Tmall and JD [5] - The gross margin and net profit margin for Q2 were 58.1% and 21.9%, respectively, with operating expenses showing slight increases [5] Financial Forecast - The company is projected to achieve net profits of 340 million yuan, 430 million yuan, and 570 million yuan for 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 37.0X, 28.7X, and 21.9X [6]
很多人创业成功的真实原因,都被刻意隐藏起来了
创业家· 2025-08-20 10:12
Core Viewpoint - The article emphasizes the importance of learning from both successes and failures in business, highlighting that understanding the correct causal relationships is fundamental to human progress and decision-making in investments and entrepreneurship [7][11][15]. Group 1: Company Insights - TianTu Capital has become the first Chinese VC to be listed on the Hong Kong Stock Exchange as of October 6, 2023 [3]. - The founder of TianTu Capital, Feng Weidong, manages a fund size exceeding 20 billion yuan and has invested in over 200 companies, including notable firms like Zhou Hei Ya and Nai Xue's Tea [4][5]. - The article promotes an upcoming event featuring Feng Weidong and other industry leaders, focusing on product innovation and brand expansion in the consumer sector [16][18]. Group 2: Market Trends - The article discusses the strategies of Japanese brands in the 1990s, which successfully expanded overseas while maintaining profitability through product innovation and brand development [22]. - It highlights the dual strategy of "localization + globalization" adopted by companies like Kao, which operates in over 100 countries, and Uniqlo, which has seen a tenfold increase in stock price over the past five years [22]. - The article outlines the need for Chinese consumer brands to innovate and differentiate in a saturated market, emphasizing the importance of quality and cost-effectiveness to meet new consumer demands [25]. Group 3: Educational Opportunities - The article promotes a three-day immersive course aimed at dissecting how Chinese and Japanese consumer companies succeed in a saturated market, focusing on product innovation and brand globalization [17][20]. - The course will feature industry experts who will share insights on product development, market positioning, and strategies for overcoming challenges in international markets [24][26]. - Specific sessions will cover topics such as the importance of data-driven product strategies and the role of technology in enhancing product development efficiency [32][34].
银河基金施文琪解码新消费变革:供给等三因素催生投资新机遇
Zheng Quan Ri Bao· 2025-08-20 08:44
数据显示,8月20日包括新消费等板块指数拉升,时尚黄金、潮玩IP、美妆等相关个股集体上涨。银河 服务混合基金经理施文琪对此向记者表示,当下消费行业正处于三大维度同步迭代的关键时期,即供给 端的零售效率革命、需求端的情感消费崛起、传播媒介的内容电商革新,每一层变革或在孕育着独特的 投资机遇。 施文琪表示,当前,传统零售行业品质化与折扣化成为线下零售突围的两大核心方向。从品质化方向来 看,部分大型超市零售商,正以"消费者代言人"的角色重构零售逻辑。同时,折扣化赛道则上演着更接 地气的"消费民主化",消费者越来越重视质价比,中国的零食量贩店正通过大规模以及和厂家源头直 采,减少经销层级来实现有竞争力的价格。基于儿童和女性两类主力客群,潮玩,日化等未来发展潜力 较大。 施文琪认为,25岁—45岁的消费主力,文化自信、悦己驱动,愿意为情绪价值买单,购物不再只注重实 用价值,更珍惜繁忙紧张日常里的"小确幸",愈发注重商品带来的情感体验和心理满足感。 施文琪表示,传播媒介的迭代正为新消费品牌带来前所未有的机遇,以美容个护行业为例,国货品牌在 质价比、本土消费者洞察和高频推新能力上具有明显优势,对新渠道的崛起也更加敏感。现在 ...
宝洁美容部门换帅,成为该部门首位印度裔CEO
Xi Niu Cai Jing· 2025-08-20 05:57
Group 1 - Procter & Gamble's (P&G) Beauty Division CEO R. Alexandra Keith will retire in February 2026, with Freddy Bharucha set to take over on December 1, 2023, leading a $15 billion global beauty product portfolio [2] - The Beauty Division includes brands such as SK-II, Olay, and Pantene, and is one of five main business segments within P&G [2] - Freddy Bharucha has been with P&G since 1995, holding various positions, including Global President of Personal Care prior to his upcoming role [2] Group 2 - For the fiscal year 2025, P&G's Beauty Division reported sales of 107.398 billion yuan, a 2% year-over-year decline, and net income of 19.486 billion yuan, down 8% [3] - The fourth quarter showed a slight increase of 0.2% in sales and a 4% rise in net profit, indicating initial success from strategic adjustments [3] - The leadership change in the Beauty Division is part of P&G's restructuring plan to ensure a smooth transition in its beauty business, amidst significant personnel changes across the company [3]
深圳市宝莳日化有限公司成立 注册资本10万人民币
Sou Hu Cai Jing· 2025-08-20 05:55
天眼查App显示,近日,深圳市宝莳日化有限公司成立,法定代表人为张时永,注册资本10万人民币, 经营范围为一般经营项目是:日用化学产品制造;化工产品生产(不含许可类化工产品);工程和技术 研究和试验发展;新材料技术推广服务;技术服务、技术开发、技术咨询、技术交流、技术转让、技术 推广;化妆品批发;化妆品零售;日用品销售;日用化学产品销售;厨具卫具及日用杂品批发;卫生用 品和一次性使用医疗用品销售;食品用洗涤剂销售;消毒剂销售(不含危险化学品);化工产品销售 (不含许可类化工产品);包装材料及制品销售;互联网销售(除销售需要许可的商品);企业管理咨 询;信息咨询服务(不含许可类信息咨询服务);数字内容制作服务(不含出版发行);数据处理和存 储支持服务;互联网数据服务;业务培训(不含教育培训、职业技能培训等需取得许可的培训);教育 教学检测和评价活动;普通货物仓储服务(不含危险化学品等需许可审批的项目);运输货物打包服 务;洗染服务;专业保洁、清洗、消毒服务;家政服务。(除依法须经批准的项目外,凭营业执照依法 自主开展经营活动),许可经营项目是:无。 ...
润本股份2025年中报简析:营收净利润同比双双增长
Zheng Quan Zhi Xing· 2025-08-19 22:32
Financial Performance - Company reported a total revenue of 895 million yuan for the first half of 2025, representing a year-on-year increase of 20.31% [1] - Net profit attributable to shareholders reached 188 million yuan, up 4.16% year-on-year [1] - Gross margin was 58.01%, a decrease of 1.07% compared to the previous year, while net margin fell to 20.95%, down 13.42% year-on-year [1] Quarterly Analysis - In Q2 2025, total revenue was 655 million yuan, reflecting a year-on-year increase of 13.46% [1] - Q2 net profit attributable to shareholders was 143 million yuan, showing a slight decline of 0.85% year-on-year [1] Cost and Expenses - Total selling, administrative, and financial expenses amounted to 283 million yuan, accounting for 31.64% of revenue, an increase of 14% year-on-year [1] - Operating cash flow per share decreased by 5.3% to 0.33 yuan [1] Asset and Liability Changes - Cash and cash equivalents decreased by 65.91% due to increased cash received from investment recoveries [3] - Accounts receivable increased by 477.87% as receivables from non-platform distributors rose [4] - Contract liabilities decreased by 67.7% due to lower prepayments from non-platform distributors [5] Investment and R&D - The company increased its investment in construction projects by 109.79%, focusing on R&D and industrialization projects [4] - R&D expenses rose by 11.08% due to increases in direct labor, materials, and testing costs [6] Market Position and Future Outlook - Analysts expect the company's performance in 2025 to reach 338 million yuan, with an average earnings per share of 0.84 yuan [7] - The company has a strong return on invested capital (ROIC) of 13.44% for the previous year, indicating robust capital returns [7] Fund Holdings - The largest fund holding in the company is the Guotai Consumer Preferred Stock Fund, which has increased its position [8] - The fund's recent performance shows a 38.98% increase over the past year [9]
万联证券:给予润本股份买入评级
Zheng Quan Zhi Xing· 2025-08-19 10:22
润本股份 万联证券股份有限公司李滢近期对润本股份(603193)进行研究并发布了研究报告《点评报告:新品推出+新 增山姆渠道,上半年收入快速增长》,给予润本股份买入评级。 报告关键要素: 盈利预测与投资建议:公司是国内知名婴童护理及驱蚊日化企业,随着未来研发赋能产品,新品不断推出上 新,线下积极拓展KA和特通渠道。考虑到行业竞争与营销费用投放,我们调整此前的盈利预测,预计公司 2025-2027年EPS分别为0.84/1.00/1.19元/股(调整前2025-2027年EPS分别为0.93/1.17/1.45元/股),对应2025年8月 18日收盘价的PE分别为38/31/27倍,维持"买入"评级。 风险因素:宏观经济和消费恢复不及预期风险、行业竞争加剧风险、新品拓展不及预期风险、渠道拓展不达 预期风险。 证券之星数据中心根据近三年发布的研报数据计算,东北证券李森蔓研究员团队对该股研究较为深入,近三 年预测准确度均值高达96.97%,其预测2025年度归属净利润为盈利3.92亿,根据现价换算的预测PE为31.74。 最新盈利预测明细如下: 2025年上半年,公司实现营收8.95亿元(同比+20.31%),归母 ...
润本股份(603193):新品推出+新增山姆渠道,上半年收入快速增长
Wanlian Securities· 2025-08-19 09:53
Investment Rating - The investment rating for the company is "Buy" with expectations of a relative increase of over 15% compared to the market in the next six months [4][15]. Core Insights - The company achieved a revenue of 895 million yuan in the first half of 2025, representing a year-on-year growth of 20.31%. The net profit attributable to shareholders was 188 million yuan, up 4.16% year-on-year [1][2]. - The revenue growth is attributed to an expanded product matrix, new collaborations with Sam's Club, and strong performance on e-commerce platforms like Tmall, JD.com, Douyin, and Pinduoduo [2][3]. - The company launched over 40 new products in the first half of 2025, including children's sunscreen and acne treatment products, enhancing its product offerings [3]. Summary by Sections Financial Performance - In the first half of 2025, the company reported a net profit of 188 million yuan, with a non-recurring net profit of 177 million yuan, indicating a slower growth rate due to declining gross margins and increased sales expenses [2][3]. - The operating cash flow for the first half of 2025 was 133 million yuan, down 5.30% year-on-year, primarily due to increased accounts receivable from Sam's Club [2]. Profitability - The gross margin decreased by 0.63 percentage points to 58.01%, while the net margin fell by 3.25 percentage points to 20.95%, indicating a decline in profitability [3]. - The sales expense ratio increased by 1.52 percentage points to 30.25%, driven by higher promotional and employee compensation costs [3]. Product and Channel Development - The company’s revenue from mosquito repellent, baby care, and essential oil products was 375 million yuan, 405 million yuan, and 92 million yuan respectively, with significant growth in baby care products [3]. - The company is actively expanding its offline channels, having established a new partnership with Sam's Club, which has contributed to rapid growth in non-platform distribution channels [3]. Future Projections - Revenue forecasts for 2025 to 2027 are set at 1.614 billion yuan, 1.942 billion yuan, and 2.343 billion yuan respectively, with expected growth rates of 22.47%, 20.29%, and 20.65% [4][9]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 0.84 yuan, 1.00 yuan, and 1.19 yuan respectively, with corresponding price-to-earnings (PE) ratios of 38, 31, and 27 [4][9].