格隆汇11月18日丨孩子王(301078.SZ)在投资者互动平台表示，公司控股子公司丝域生物暂无毛发医护 服务。丝域生物是我国个护养发护发行业龙头企业，专注于头皮、头发的健康护理，为客户提供养发护 理、防脱生发、乌发黑发等头发健康一整套解决方案，可充分满足新家庭人群对头发头皮健康美丽服务 需求。 （原标题：孩子王(301078.SZ)：控股子公司丝域生物暂无毛发医护服务） ...

Core Viewpoint - The company, Siyu Bio, focuses on scalp and hair health care, providing a comprehensive solution for hair care, hair loss prevention, and hair darkening, positioning itself as a leading enterprise in China's personal care and hair care industry [2]. Group 1 - Siyu Bio specializes in hair health care, offering solutions for various symptoms such as hair loss, gray hair, oily scalp, dandruff, and scalp discomfort [2]. - The company provides a full range of services, including hair care, hair loss prevention, and darkening solutions [2]. - Siyu Bio is recognized as a leading player in the personal care and hair care industry in China [2].

Group 1 - The core viewpoint of the article highlights that the subsidiary of the company, Zhuhai Siyi Biotechnology Development Co., Ltd., specializes in scalp and hair health care, providing comprehensive solutions for hair care, hair loss prevention, and hair darkening [1] - The company is recognized as a leading enterprise in the personal care and hair care industry in China, addressing various symptoms such as hair loss, graying hair, oily scalp, dandruff, and scalp discomfort [1] - For the first half of 2025, the company reported a revenue of 4.911 billion yuan, representing a year-on-year increase of 8.64%, and a net profit attributable to the parent company of 143 million yuan, reflecting a significant year-on-year growth of 79.42% [1]

Group 1 - The core point of the article is that Kid Wang plans to acquire a 65% stake in Jiangsu Sixiuyu from its affiliate, Wuxing Holdings, and subsequently purchase 100% of Zhuhai Sixiuyu Industrial Development Co., Ltd. for a total price of RMB 1.65 billion [1] - After the acquisition, Kid Wang will indirectly hold a 65% stake in Sixiuyu Industrial, which will become its subsidiary [1] - The funding for the acquisition includes an initial payment of RMB 660 million, with Kid Wang contributing RMB 429 million from previous fundraising, and a second payment of RMB 990 million financed through bank loans [1] Group 2 - Sixiuyu Industrial, established in July 2014, focuses on scalp and hair health care, operating 2,503 hair care stores with over 2 million members [2] - In 2024, Sixiuyu Industrial achieved revenue of RMB 723 million and a net profit of RMB 183 million, with Q1 2025 revenue at RMB 144 million and net profit at RMB 26.65 million [2] - Kid Wang's acquisition of Sixiuyu Industrial aligns with its strategy of expanding product categories, market segments, and business formats, following a previous acquisition of 60% of Shanghai Xingyan Biotechnology for RMB 162 million [2]

Core Viewpoint - The company, Kidswant, is making a significant acquisition by purchasing 100% of Zhuhai Siyi Industrial Development Co., Ltd. for 1.65 billion yuan, entering the hair care sector with a high premium acquisition that lacks performance commitments [1][2][8]. Group 1: Acquisition Details - Kidswant plans to acquire Siyi Industrial through a two-step process, starting with acquiring 65% of Jiangsu Xingsiyu Investment Management Co., Ltd. from a related party [3][4]. - The total transaction price for the acquisition is 1.65 billion yuan, with a premium exceeding 50 times the net asset value of Siyi Industrial [2][7]. - The funding for the acquisition includes 429 million yuan from Kidswant's previous fundraising, while the remaining amount will be financed through loans [5][6]. Group 2: Financial Performance - Kidswant's net profit has been declining since its IPO, with a drop of 48.44%, 39.44%, and 13.92% from 2021 to 2023, despite a projected increase in 2024 [10][11]. - The company's revenue has remained stagnant around 9 billion yuan since 2021, with a slight increase in net profit in the first quarter of 2024 [12]. - The acquisition of Siyi Industrial is seen as a strategic move to enhance Kidswant's market position, despite the lack of performance guarantees [6][8]. Group 3: Market Position and Strategy - Kidswant is recognized as a leading player in the maternal and infant industry, focusing on retail and value-added services [2][9]. - The company has made several acquisitions to expand its market presence, including a previous acquisition of 65% of Lejoy International for 1.04 billion yuan [9][10]. - The acquisition of Siyi Industrial is expected to create synergies in membership, channel, and operational aspects, enhancing the company's innovative attributes [6][7].