Core Insights - Shenzhen Baolou Brand Management Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Zhong Linggui [1] Business Scope - The company engages in various activities including wholesale, manufacturing, retail, and repair services of jewelry [1] - It also offers internet sales (excluding items requiring special licenses), brand management, marketing planning, and information consulting services (excluding licensed information consulting) [1] - Additional activities include retail and wholesale of sports goods and equipment, sales of arts and crafts, domestic trade agency, and electronic product sales [1] - There are no licensed business activities listed for the company [1]

天眼查App显示，近日，酒仙森（广州）品牌管理有限公司成立，注册资本10万人民币，经营范围为食 品销售（仅销售预包装食品）;保健食品（预包装）销售;电子产品销售;互联网销售（除销售需要许可的 商品）;食品互联网销售（仅销售预包装食品）;品牌管理;供应链管理服务;市场营销策划;技术服务、技 术开发、技术咨询、技术交流、技术转让、技术推广;酒类经营;烟草制品零售。 ...

天眼查App显示，近日，四川吒酒品牌管理发展有限公司成立，法定代表人为付致永，注册资本500万 人民币，经营范围为一般项目：品牌管理；商业综合体管理服务；园区管理服务；会议及展览服务；技 术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；货物进出口；技术进出口；食用农产 品零售；软件开发；食品销售（仅销售预包装食品）。（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）许可项目：酒类经营；食品互联网销售；食品销售。（依法须经批准的项目，经相关 部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

Core Viewpoint - Jiangxi Jiaming Haole Brand Management Co., Ltd. has been established with a registered capital of 500,000 RMB, focusing on the electronic cigarette industry and related products [1] Company Summary - The legal representative of Jiangxi Jiaming Haole is Wu Liangfu [1] - The company is involved in the import and export of electronic cigarettes, aerosol products, and nicotine used in electronic cigarettes, subject to relevant approvals [1] - The company’s business scope includes brand management, information consulting services, sales of security equipment, marketing planning, and various technology services [1] Industry Summary - The establishment of Jiangxi Jiaming Haole indicates a growing interest in the electronic cigarette market, particularly in the import and export of related products [1] - The company’s diverse business activities suggest a strategic approach to capitalize on multiple revenue streams within the electronic cigarette and related sectors [1]

Core Viewpoint - Shenzhen Xingyan Wanxiang Brand Management Co., Ltd. has been established with a registered capital of 10,000 RMB, indicating a new player in the brand management and retail sectors, particularly in jewelry and consumer goods [1] Company Overview - The company is legally represented by Weng Junjie and has a broad range of business activities including brand management, jewelry wholesale, manufacturing, retail, and recycling services [1] - The company also engages in the sale and manufacturing of various consumer products such as daily chemicals, cosmetics, pet supplies, home appliances, and outdoor products [1] Business Scope - The general business scope includes brand management, jewelry-related services, and a wide array of consumer goods sales and manufacturing [1] - The company is involved in both wholesale and retail operations across multiple categories, indicating a diversified business model [1] - The licensed business activities include online data processing and transaction processing, highlighting a focus on e-commerce [1]

Investment Rating - The report maintains an "Accumulate" rating for the company [7][5]. Core Views - The company achieved a revenue of 819 million RMB in Q3 2025, representing a year-on-year increase of 123.4%, driven by the growth of its proprietary brands [1][7]. - The company continues to show strong growth potential in the high-end household cleaning and functional health products sectors, with a focus on its proprietary brand expansion [1][5]. Revenue Performance - In Q3 2025, the company recorded a revenue of 2.27 billion RMB for the brand "Zhanjia," marking a year-on-year increase of 118.9% [2]. - The health supplement brand "Feicui" achieved a revenue of 203 million RMB in Q3 2025, with a quarter-on-quarter growth of 98.8% [3]. Profitability Metrics - The gross margin for Q3 2025 was reported at 61.0%, an increase of 12.4 percentage points year-on-year, attributed to the higher proportion of high-margin proprietary brand sales [4]. - The net profit attributable to the parent company for Q3 2025 was 33 million RMB, reflecting a year-on-year increase of 73.2% [4]. Future Earnings Forecast - The revenue forecasts for 2025 to 2027 have been adjusted upwards to 32.08 billion RMB, 49.62 billion RMB, and 67.31 billion RMB, respectively [5]. - The target market capitalization for the company is set at 162.2 billion RMB, with a target price of 52.13 RMB per share [5][12].

Core Points - Shenzhen Vitality Brand Management Co., Ltd. has been established with a registered capital of 30,000 RMB [1] - The legal representative of the company is ROMANOWSKI MARCIN GRZEGORZ [1] - The business scope includes brand management, consulting and planning services, conference and exhibition services, import and export of goods, and domestic trade agency [1] - The company is also involved in the production of alcoholic beverages, alcohol management, catering services, and food sales, subject to necessary approvals [1]

天眼查App显示，近日，汨罗市伍贰柒品牌管理有限公司成立，法定代表人为彭丰，注册资本50万人民 币，经营范围为许可项目：食品销售;酒类经营;城市配送运输服务（不含危险货物）;食品经营管理（依 法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以批准文件或许可证件为准） 一般项目：品牌管理;互联网销售（除销售需要许可的商品）;普通货物仓储服务（不含危险化学品等需 许可审批的项目）;食品互联网销售（仅销售预包装食品）;外卖递送服务（除依法须经批准的项目外， 自主开展法律法规未禁止、未限制的经营活动）。 ...

Core Insights - Changzhou Guanye Dajiu Brand Management Co., Ltd. has been established with a registered capital of 300,000 RMB [1] - The legal representative of the company is Jiang Qinghao [1] Business Scope - The company is involved in various licensed activities including food sales, internet food sales, liquor operations, and urban delivery services (excluding hazardous goods) [1] - General business activities include brand management, supply chain management services, daily necessities sales, internet sales (excluding licensed goods), marketing planning, and information consulting services [1] - Additional services offered by the company encompass enterprise management consulting, office supplies sales, computer hardware and software retail, office equipment leasing and sales, advertising design and agency, cultural and artistic exchange activities, business agency services, and conference and exhibition services [1]

天眼查App显示，近日，上海西域草堂品牌管理有限责任公司成立，法定代表人为郭文生，注册资本10 万人民币，经营范围为一般项目：品牌管理；食品销售（仅销售预包装食品）；食用农产品零售；食用 农产品批发；互联网销售（除销售需要许可的商品）；普通货物仓储服务（不含危险化学品等需许可审 批的项目）；日用百货销售；礼品花卉销售；地产中草药（不含中药饮片）购销；广告设计、代理；广 告发布；广告制作；文具用品零售；服装辅料销售；服装服饰零售；办公用品销售；专业设计服务；图 文设计制作；企业管理咨询；企业管理；企业总部管理；安全咨询服务；社会经济咨询服务；企业会员 积分管理服务；信息咨询服务（不含许可类信息咨询服务）；财务咨询；酒店管理；餐饮管理；医院管 理；合同能源管理；供应链管理服务；市政设施管理；城市绿化管理；人工智能公共服务平台技术咨询 服务；信息技术咨询服务；健康咨询服务（不含诊疗服务）；环保咨询服务；旅游开发项目策划咨询； 咨询策划服务；远程健康管理服务；单位后勤管理服务；公共事业管理服务；园区管理服务；商业综合 体管理服务；工程管理服务；规划设计管理；节能管理服务；技术服务、技术开发、技术咨询、技术交 流、技术 ...