天风证券研报指出，豪悦护理25年上半年归母净利1.5亿，同减23%，Q2归母净利0.6亿，同减47%。公 司将聚焦资源持续加大线上推广投入，促进自主品牌发展，优化产品结构，研发迭代新产品，持续与大 客户开展深度合作，以婴儿护理用品、成人护理用品等产品为重点，拓宽合作区域。同时，公司及时抓 住消费新需求，新增湿巾类系列产品品类，加大自有品牌推广投入，提升销售量。通过对消费者需求的 敏锐了解、研发结构和功能创新的产品，经过大量消费者试用和严谨论证，稳步推进易穿脱经期裤和婴 儿拉拉裤、差异化轻度失禁成人拉拉裤等新产品；陆续推进新型在线压花复合材料、超透气新型材料、 超细旦氨纶等材料应用于婴儿、成人尿裤及经期裤、卫生巾等产品。公司合作的客户既有尤妮佳、花王 等全球著名跨国公司，也有BabyCare、孩子王、亲宝宝等电商新兴渠道的国内母婴知名品牌商。考虑市 场竞争背景下公司加大自有品牌电商投入，基于25H1公司业绩表现，调整盈利预测，维持"买入"评 级。 ...

报告导读： 干发喷雾是一种专门为了快速干燥头发而设计的产品，主要用于临时缓解头发油腻问题，给在无法或不方便洗头时的人群提供短期的解决方案。其工作原理 与爽身粉非常类似，含有的烷烃类成分将控油成分和调理剂均匀喷洒在头发上，控油成分吸走头发上的油脂，调理成分则在发丝上形成保护膜，让头发看起 来更蓬松、有光泽。随着居民可支配收入的增加，消费者对个人护理产品的需求不断升级，对头发护理的重视程度也日益提高。干发喷雾作为一种快速便捷 的护发解决方案，其市场需求不断提高。据统计，2024年中国干发喷雾行业市场规模为13.56亿元，同比上涨3.90%。从竞争格局来看，干发喷雾行业竞争格 局呈现出多元化的特点，国际品牌与本土品牌并存，市场竞争较为激烈。国际知名品牌如Batiste碧缇丝、KLORANE康如、资生堂专业美发等品牌在干发喷 雾市场中占据重要地位。但近几年，国产品牌也在干发喷雾市场中崭露头角，如诗裴丝Spes。 基于此，依托智研咨询旗下干发喷雾行业研究团队深厚的市场洞察力，并结合多年调研数据与一线实战需求，智研咨询推出《2025-2031年中国干发喷雾行 业市场现状调查及产业趋势研判报告》。本报告立足干发喷雾新视角， ...

这一数据背后有许多因素。首先，印度2025年雨季表现正常，对农产品生长较为友好，关键产区降水分 布有所改善，不仅缓和了蔬菜价格波动，也稳定了市场对新季作物产量的预期，暂时抑制了食品通胀飙 升风险。其次，服务消费热度不减，航空客运量、酒店预订及娱乐消费保持强劲。服务业采购经理指数 （PMI）连续16个月处于扩张区间，需求旺盛推动相关价格刚性上涨。最后，输入性压力出现局部传 导，部分制造业原材料，例如金属、化工品等受地缘政治或供需等因素影响，成本压力正逐步向消费端 渗透。 印度通胀温和回升，反映出印度经济在刺激复苏与稳定价格间的脆弱平衡，印度政府和央行在政策方面 如"走钢丝"般难以放开手脚。尽管整体通胀率仍低于4%的目标中值，但核心通胀攀升与服务价格黏 性，正在压缩央行维持宽松政策的窗口。对印度政府和央行而言，无论是货币政策还是财政政策，既要 避免过早收紧以至于扼杀增长萌芽，又需防范核心通胀加剧形成工资和价格交替上涨的恶性循环。 从数据来看，印度通胀水平仍总体可控。2.07%的涨幅虽打破近一年的低位徘徊，但仍处于央行2%至 6%目标区间的最底端，整体价格压力尚未失控。通胀数据中还有一大积极因素，就是食品通缩进一步 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [4]. Core Views - The company is positioned as a regional leader in personal care products, with significant growth in e-commerce and expansion into peripheral provinces. It has shown a robust revenue increase, with a projected revenue of 3.25 billion yuan in 2024, reflecting a year-on-year growth of 51.8% [1][4]. - The report highlights the trend of "self-consumption" leading to the premiumization of the female hygiene products industry, with domestic brands expected to gain market share as consumer preferences shift towards quality and brand recognition [2][4]. Summary by Sections 1. National Expansion and Market Position - The company, founded in 2010, specializes in personal hygiene products, primarily sanitary napkins, which accounted for 93.6% of its revenue in 2024. It has established a strong market presence in the Sichuan-Chongqing region and is rapidly expanding into e-commerce and other provinces [1][10]. - The company has a diverse product matrix with well-defined brand positioning, including "Free Point," "Good," and "Danning," targeting different market segments [13][24]. 2. Industry Trends and Growth Drivers - The female hygiene products market in China is projected to reach approximately 1050.5 billion yuan in 2024, with a year-on-year growth of 2.9%. The market has transitioned from volume-driven growth to price-driven growth, with an average price increase of 4.5% for female hygiene products from 2019 to 2024 [2][47]. - Key growth drivers identified include the introduction of high-end products, increasing online sales, regulatory changes, and the rise of domestic brands as they capture market share from established players [2][4]. 3. Financial Projections and Valuation - The company is expected to achieve net profits of 3.6 billion yuan, 4.8 billion yuan, and 6.1 billion yuan from 2025 to 2027, with corresponding price-to-earnings ratios of 31X, 23X, and 18X [4][5]. - The report anticipates a continuous improvement in profitability alongside revenue growth, driven by the expansion of high-margin product lines and effective marketing strategies [4][32]. 4. Marketing and Sales Strategy - The company has adapted its marketing strategy to focus on e-commerce platforms, particularly Douyin, which has seen a significant increase in transaction volume. The e-commerce revenue has grown at a compound annual growth rate (CAGR) of 60.7% from 2016 to 2024 [7][26]. - The company employs a multi-channel marketing approach, leveraging both online and offline strategies to enhance brand visibility and sales performance [7][26]. 5. Product Development and Innovation - The company is committed to rapid product innovation, with a focus on high-end health products that have contributed to an increase in average selling prices and gross margins [7][35]. - The introduction of new product lines, such as the FREEMORE health series, has been instrumental in driving growth and improving profitability [7][35].

Group 1: Core Business Developments - Chengdu's commercial landscape is evolving with diverse scenarios that express lifestyle changes, including the launch of Jiuxi Lane and new store openings by ASICS and effortless [1][21] - ASICS opened a new city image store in Chengdu's Taikoo Li, featuring a product matrix that combines sports and fashion, and launched a limited edition of the GEL-KAYANO 12.1 shoe [2][6] - The effortless brand opened its first store in Southwest China, "Chuanxi Station," in Chengdu's MixC, focusing on personal care and emotional healing experiences [9][18] Group 2: Strategic Initiatives and Market Positioning - Jiuxi Lane C-PARK APM aims to redefine the relaxed lifestyle destination in Chengdu, targeting high-net-worth populations and focusing on lifestyle enthusiasts and new middle-class families [21][23] - The project emphasizes three thematic open spaces: "Yueyu," "Weiyu," and "Qiyu," integrating slow living concepts and regular events like camping film festivals and music festivals to enhance consumer engagement [23] - ASICS collaborated with local artists to create window art installations that reflect the brand's philosophy, promoting resilience and self-discovery among the youth [6][18]

9月25日，洁雅股份跌4.13%，成交额5745.12万元。两融数据显示，当日洁雅股份获融资买入额438.45 万元，融资偿还581.20万元，融资净买入-142.75万元。截至9月25日，洁雅股份融资融券余额合计 4188.37万元。 融资方面，洁雅股份当日融资买入438.45万元。当前融资余额4188.37万元，占流通市值的1.22%，融资 余额超过近一年70%分位水平，处于较高位。 融券方面，洁雅股份9月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，铜陵洁雅生物科技股份有限公司位于安徽省铜陵市狮子山经济开发区铜井东路1928号，成立 日期1999年8月31日，上市日期2021年12月3日，公司主营业务涉及湿巾类产品研发、生产与销售。主营 业务收入构成为：湿巾类产品84.62%，面膜类产品11.95%，洗护类产品1.86%，其他(补充)1.58%。 截至9月20日，洁雅股份股东户数8110.00，较上期减少9.30%；人均流通股7972股，较上期增加 10.26%。2025年1月 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 重庆百亚卫生用品股份有限公司关于公司股东减持股份预披露公告 新余元汇企业投资合伙企业（有限合伙）、新余元周企业投资合伙企业（有限合伙）、新余元向企业投 资合伙企业（有限合伙）保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 重庆百亚卫生用品股份有限公司（以下简称"公司"）于近日分别收到公司控股股东、实际控制人的一致 行动人新余元汇企业投资合伙企业（有限合伙）（以下简称"元汇投资"）、新余元周企业投资合伙企业 （有限合伙）（以下简称"元周投资"）、新余元向企业投资合伙企业（有限合伙）（以下简称"元向投 资"）发出的《关于股份减持计划的告知函》。 持有公司股份12,588,002股（占公司总股本的2.93%）的股东元汇投资，拟自本公告披露之日起15个交 易日后的3个月内通过集中竞价或大宗交易方式，合计减持公司股份不超过3,091,000股（占公司总股本 比例0.72%）。 持有公司股份11,424,998股（占公司总股本的2.66%）的股东元周投资，拟 ...

每经AI快讯，百亚股份9月25日晚间发布公告称，持有公司股份约1259万股（占公司总股本的2.93%） 的股东元汇投资，拟自本公告披露之日起15个交易日后的3个月内通过集中竞价或大宗交易方式，合计 减持公司股份不超过约309万股（占公司总股本比例为0.72%）。持有公司股份约1142万股（占公司总 股本的2.66%）的股东元周投资，拟自本公告披露之日起15个交易日后的3个月内通过集中竞价或大宗 交易方式，合计减持公司股份不超过约280万股（占公司总股本比例为0.65%）。持有公司股份约1099 万股（占公司总股本的2.56%）的股东元向投资，拟自本公告披露之日起15个交易日后的3个月内通过 集中竞价或大宗交易方式，合计减持公司股份不超过约270万股（占公司总股本比例为0.63%）。 （记者 张明双） 每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 ...

Core Insights - Runben Co., Ltd. experienced a stock price increase of 2.84% on September 23, with a trading volume of 199 million yuan [1] - The company reported a financing net purchase of 19.41 million yuan on the same day, indicating strong investor interest [1][2] - As of June 30, 2025, Runben's revenue reached 895 million yuan, reflecting a year-on-year growth of 20.31% [2] Financing and Margin Trading - On September 23, Runben's financing buy amounted to 40.59 million yuan, with a total financing balance of 333 million yuan, representing 10.97% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company also reported a margin trading situation with a short selling amount of 2.94 million yuan and a remaining short selling balance of 249,500 yuan [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders increased by 60.52% to 16,600, while the average number of circulating shares per person decreased by 37.70% to 6,211 shares [2] - Runben has distributed a total of 316 million yuan in dividends since its A-share listing [3] - New institutional shareholders include Hong Kong Central Clearing Limited and Guotai Consumer Preferred Stock, among others, indicating growing institutional interest [3]

Core Viewpoint - Yatani Group (00789) experienced a significant stock price increase, rising over 48% during trading, with a current increase of 38.33% to HKD 0.142, and a trading volume of HKD 2.2969 million [1] Group 1: Strategic Partnership - Yatani Group announced a strategic cooperation agreement with Baiyunshan Weiyi, aimed at jointly developing products in the health and wellness sector and expanding market reach [1] - The collaboration will focus on innovative products in areas such as natural plant extracts, functional health products, and personal care items [1] - Both companies plan to promote the developed products and existing related products in overseas markets [1] Group 2: Business Development Strategy - The announcement aligns with Yatani Group's recent efforts to expand its sales business in beauty and health products [1] - The board believes that this strategic partnership will leverage Yatani Group's international market and sales platform advantages alongside Baiyunshan Weiyi's technical, brand, and product strengths, creating synergies [1] - This initiative is expected to enrich the company's product portfolio and enhance its core competitiveness in the health and wellness sector, opening new revenue streams [1]