格隆汇12月31日丨豪悦护理(605009.SH)公布，截至本公告披露日，公司已取得浙江省发展和改革委员 会出具的《项目备案通知书》(浙发改境外备字[2025]351 号)及浙江省商务厅出具的《企业境外投资证 书》(境外投资证第 N300202501002 号)。海外子公司于近日完成工商登记手续，取得了当地主管部门签 发的注册登记证明文件。 ...

Group 1 - Reliable Co., Ltd. experienced a 5.15% decline in stock price, trading at 14.17 CNY per share with a total market capitalization of 3.852 billion CNY as of November 20 [1] - The company, established in August 2001 and listed in June 2021, specializes in the design, development, production, and sales of disposable hygiene products [1] - The revenue composition of Reliable Co., Ltd. includes adult incontinence products (52.30%), baby care products (38.05%), pet hygiene products (6.14%), and other products (3.51%) [1] Group 2 - Among the top ten circulating shareholders of Reliable Co., Ltd., a fund under Bosera Fund, specifically the Bosera Third Industry Growth Mixed Fund (050008), has recently entered the list, holding 761,500 shares, which is 0.5% of the circulating shares [2] - The Bosera Third Industry Growth Mixed Fund has a total asset size of 754 million CNY and has achieved a year-to-date return of 13.51%, ranking 5119 out of 8136 in its category [2] - The fund manager, Yu Yue, has been in position for 7 years and 148 days, with the best fund return during his tenure being 85.32% and the worst being -26.05% [3]

Group 1 - The core point of the news is that Reliable Co., Ltd. experienced a stock price increase of 5.03%, reaching 14.63 CNY per share, with a total market capitalization of 3.977 billion CNY [1] - Reliable Co., Ltd. specializes in the design, development, production, and sales of disposable hygiene products, with its main revenue sources being adult incontinence products (52.30%), baby care products (38.05%), pet hygiene products (6.14%), and others (3.51%) [1] Group 2 - Among the top ten circulating shareholders of Reliable Co., Ltd., a fund under Bosera Fund ranks as a new entrant, holding 761,500 shares, which is 0.5% of the circulating shares [2] - The Bosera Third Industry Growth Mixed Fund (050008) has achieved a year-to-date return of 15.65% and a one-year return of 9.69%, ranking 5094 out of 8147 and 5298 out of 8056 in its category, respectively [2] Group 3 - The fund manager of Bosera Third Industry Growth Mixed Fund is Yu Yue, who has been in the position for 7 years and 140 days, with the fund's total asset size being 754 million CNY [3] - During Yu Yue's tenure, the best fund return was 85.32%, while the worst return was -23.9% [3]

Event Overview - The Guangdong Province Live Job Recruitment Event will take place from July to December 2025, featuring 40 online job fairs [2] - The event is guided by the China Small and Medium Enterprises Development Promotion Center and co-hosted by various provincial departments [2] Company Highlights - Pashaman Home, founded in 2013, has rapidly grown into a comprehensive home furnishings enterprise, focusing on design, production, and sales [3] - The company aims to create a beautiful life for young people and has integrated online and offline retail strategies, becoming a leader in the home furnishings industry [3] - Pashaman's online brand store ranked among the "Top 10 Brands in the Furniture Industry" during the 2023 Tmall 618 Global Shopping Festival [3] - The company operates over 118 offline retail stores across 20 provinces and more than 100 cities, ranking among the top three in new retail furniture sales [3] Production and Innovation - Pashaman has a modern production base exceeding 50,000 square meters and has obtained over 100 national patents [4] - The company offers a 5-year extended warranty on its products and has over 3,000 installation service points in South China [4] Job Opportunities - Pashaman is hiring for various positions, including: - Multi-layer fabric machine operator (1 position, monthly salary 6.5k-15k) - Electrician (1 position, monthly salary 5k-6.5k) - Sofa installer (1 position, monthly salary 6k-15k) - Sofa upholstery worker (5 positions, monthly salary 6k-15k) [4][5] Other Companies Involved - Yijun Technology, established in 1983, is a global leader in mattress and sofa production, with an annual mattress production capacity exceeding 6 million units [5] - Oubi Nursing Products, founded in 2022, specializes in the production of sanitary and disposable medical supplies [6] - Guangdong Jiazhuan Sports Technology, established in 2019, focuses on commercial and home fitness products, with a strong presence in international markets [8] Recruitment Summary - Various companies are actively recruiting for positions across different sectors, including: - Product designer, workshop director, and foreign trade sales positions with competitive salaries [5][10] - The recruitment reflects the growing demand for skilled labor in the home furnishings and technology sectors [5][6][10]

Core Insights - The article highlights the participation of Swiss companies at the eighth China International Import Expo (CIIE), showcasing a variety of unique Swiss products and emphasizing the significance of "Swiss manufacturing" beyond traditional items like watches and knives [1][3]. Group 1: Swiss Center Participation - The Swiss Center brought 26 exhibitors and 36 brands to the CIIE, marking the largest Swiss exhibition to date [3]. - A new position, "Customer Success Manager," was established to assist Swiss companies in entering the Chinese market, indicating a strategic focus on business development [3]. Group 2: Unique Swiss Products - The article introduces "Marmot Oil," a traditional Swiss product made from marmot oil mixed with various natural plants from the Alps, known for its muscle pain relief properties [5][7]. - Another featured product is "Alpine Cheese," which must be produced at altitudes above 900 meters, showcasing a unique method of consumption involving heating and scraping the melted cheese [9]. Group 3: Business Development and Market Access - The Swiss Center has facilitated over 100 Swiss companies to showcase their products at the CIIE, focusing on promoting brands and finding business partners in the Chinese market [11]. - The CIIE is viewed as an excellent platform for connecting overseas markets with Chinese consumers, enhancing the visibility of Swiss products [13].

Core Viewpoint - The recent quarterly report of Reliable Care Products Co., Ltd. (referred to as "Reliable Co."), reveals significant internal conflicts among the board members, particularly between board member Bao Jia and Chairman Jin Liwei, regarding the management decisions and financial performance of the company [1][2][8]. Financial Performance - Reliable Co. reported a revenue of 2.81 billion yuan for Q3 2025, a year-on-year increase of 4.59%, with a gross profit margin up by 2.1 percentage points [3]. - For the first three quarters of 2025, the company achieved a total revenue of 8.29 billion yuan, reflecting a 5.12% year-on-year growth, and a net profit of 279.84 million yuan, which is a 26.79% increase compared to the previous year [3]. - Despite the revenue growth, the company faced a net loss of 294,200 yuan in Q3 2025, although this was an improvement from a net loss of 1.14 million yuan in the same period last year, marking a 74.28% year-on-year improvement [3]. Management Disputes - Board member Bao Jia has consistently opposed management decisions, particularly criticizing the loss-making Dudi brand diaper business led by Chairman Jin Liwei, which has incurred losses in both 2024 and 2025 [2][3]. - The internal conflicts have escalated since Bao Jia's divorce from Jin Liwei, leading to multiple instances of dissent during board meetings and proposals for temporary shareholder meetings [8][9]. Business Strategy - Reliable Co. aims to focus on the adult care segment while positioning the infant care business to support the growth of adult products, indicating a strategic shift in its business model [7]. - The company plans to enhance its operational efficiency through the adoption of smart factories and cost-reduction strategies, while also expanding its global customer base for its ODM business [7]. Regulatory Issues - Reliable Co. received a warning letter from the Zhejiang Securities Regulatory Bureau for violations related to information disclosure concerning related party transactions [10]. - The company has faced scrutiny for not adhering to proper procedures in its related party transactions, which has raised concerns about governance and compliance [10].

Core Insights - Reliable Co., Ltd. reported a revenue of 829 million yuan for the first three quarters of 2025, representing a year-on-year growth of 5.12% [2] - The company's net profit attributable to shareholders reached 27.98 million yuan, marking a year-on-year increase of 26.79% [2] - Operating cash flow saw a significant increase of 136.29%, amounting to 89.71 million yuan [2] Company Strategy - The company has been focusing on the "silver economy" for 24 years, leading to steady revenue growth [2] - Reliable Co. emphasizes user-centric product development, addressing the needs of elderly consumers who may be resistant to traditional care products [2] - The introduction of the "Reliable Cloud Soft Instant Absorption Series" aims to provide comfort and security for users, featuring soft surfaces and ergonomic designs [2] Production and Quality Control - The company prioritizes product quality as its "lifeline," operating smart production lines 24/7 in its factories [2] - An intelligent visual inspection system is in place to ensure the quality of each adult diaper produced [2] - A data platform is utilized for real-time monitoring of inventory and logistics, ensuring efficient and stable supply [2] Industry Outlook - As China enters a deeply aging society, Reliable Co. is committed to focusing on its silver strategy and maintaining a user-centric approach [3] - The company aims to explore new models and scenarios in smart manufacturing, integrating tools like artificial intelligence [3] - Reliable Co. is dedicated to building a "smart elderly care ecosystem" [3]

Group 1 - The company plans to cancel the supervisory board and amend the Articles of Association, which will be submitted for approval at the 2025 second extraordinary general meeting of shareholders [1][2] - The board of directors requests authorization from the shareholders' meeting for the management team to handle the registration and filing of the changes with the market supervision administration [1] - The revised Articles of Association have been disclosed on the Shanghai Stock Exchange website and designated media [1][2] Group 2 - The company aims to improve its governance structure by revising related governance systems, including rules for shareholder meetings, board meetings, and independent director work [2] - Some of the revised systems will take effect after approval at the 2025 second extraordinary general meeting, while others will take effect upon board approval [2] Group 3 - The company announced an adjustment to the repurchase price and quantity of the 2021 restricted stock incentive plan, changing the repurchase price from 32.17 yuan per share to 18.94 yuan per share [5][6] - The repurchase quantity has been adjusted from 1,200 shares to 1,680 shares [6][13] - The adjustments comply with relevant regulations and will not materially affect the company's financial status or operational results [15][16] Group 4 - The company plans to cancel 80,507 shares from the repurchased stock, pending approval from the shareholders' meeting [20][24] - The total number of shares repurchased was 805,071, representing 0.52% of the company's total share capital [22][23] - The cancellation of shares will not significantly impact the company's financial condition or future development [25][26] Group 5 - The company will hold the 2025 second extraordinary general meeting of shareholders on November 12, 2025, with both on-site and online voting options available [30][32] - The meeting will discuss various proposals that have been previously disclosed [30][31] - Shareholders must register to attend the meeting, providing necessary identification and documentation [36][39]

Core Viewpoint - The company has announced significant governance changes, including the cancellation of the supervisory board and amendments to its articles of association, in compliance with new regulations effective from July 1, 2024 [39]. Financial Data - The third-quarter financial report for 2025 has been approved, although it has not been audited [3][10]. - The report includes key financial data and indicators, but specific figures are not detailed in the provided documents [3]. Governance Changes - The company will no longer have a supervisory board; its functions will be transferred to the audit committee of the board of directors [39]. - Amendments to the articles of association will reflect this change, removing references to the supervisory board and updating governance structures accordingly [39][40]. - The proposed changes will be submitted for approval at the second extraordinary general meeting of shareholders in 2025 [14][22]. Meeting Details - The third board meeting was held on October 27, 2025, with all directors present, confirming the legality and validity of the meeting [9][12]. - The supervisory board also convened on the same day, with all members present, to review the same reports and proposals [28][30].

Core Insights - The company reported a revenue of 2.718 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 33.18% [1] - The net profit attributable to the parent company was 203 million yuan, showing a year-on-year decline of 30.94% [1] - The non-recurring net profit was 194 million yuan, which also reflects a year-on-year decrease of 32.55% [1] - The basic earnings per share stood at 0.95 yuan [1]