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雅诗兰黛净利大跌390%
21世纪经济报道· 2025-08-22 23:55
记者丨 高江虹 实习生陈晓冉 编辑丨张伟贤 这大概是美妆巨头雅诗兰黛二十年来最大的亏损。 8月20日晚间,雅诗兰黛发布截至6月30日的2025财年Q4及全年业绩报告。尽管已积极调整战 略方向,但雅诗兰黛业绩依旧低迷。2025财年,其净销售额为143.26亿美元,同比下滑8%, 净利润同比暴跌390%,从上一年的盈利3.9亿美元变为亏损11.33亿美元。 这份业绩一出炉,股价立即跳水。当日,雅诗兰黛美股盘前一度跌近15%。截至美东时间周五 收盘,股价为91.23美元,而2022年年初时其股价曾高达374.2美元。 华尔街金融巨头摩根士丹利发布研报,维持对雅诗兰黛股票的"中性"看跌评级, 并预计雅诗 兰黛股价将进一步下跌, 未来12个月内潜在跌幅超过20%。 对此,雅诗兰黛管理层对此泰然自若,"业绩整体符合预期,"雅诗兰黛集团总裁兼首席执行官 司泰峰(Stéphane de La Faverie)表示,有信心在2026财年实现有机销售额增长,开始重建 营运盈利能力,并在未来几年实现稳健的两位数调整后营业利润率。 值得关注的是,自2026财年Q1起,雅诗兰黛集团调整区域架构,未来中国大陆将作为独立地 区进行业绩列报 ...
孩子王进军“头顶上的生意”,拟16.5亿收购丝域实业
Qi Lu Wan Bao· 2025-06-13 09:13
Group 1 - The company "孩子王" plans to acquire a 65% stake in "江苏星丝域" from its affiliate "五星控股" and will also purchase 100% of "珠海市丝域实业发展有限公司" for 1.65 billion yuan, making it a subsidiary [1][4] - The acquisition of "江苏星丝域" will be executed at a nominal price of 0 yuan due to its unregistered capital and lack of operational activities prior to the transfer [3] - To finance the acquisition of "丝域实业," "江苏星丝域" intends to apply for a bank loan of up to 1 billion yuan, with "孩子王" providing guarantees up to 650 million yuan [5] Group 2 - In 2024, "孩子王" reported revenue of 9.34 billion yuan, a year-on-year increase of 6.68%, and a net profit of 181 million yuan, up 72.44% [6][7] - The company has experienced a decline in net profit over the past three years, with figures of 2021, 2022, and 2023 being 202 million yuan, 122 million yuan, and 105 million yuan respectively [6] - The acquisition of "乐友国际" has contributed positively to "孩子王's" financial performance, with "乐友国际" generating revenue of 1.05 billion yuan in 2024 [8] Group 3 - "丝域实业" is expected to be a strong asset for "孩子王," with projected revenues of 723 million yuan and 144 million yuan for 2024 and Q1 2025, respectively, and net profit margins of 25.36% and 18.54% [9][10] - The hair care market in China has shown significant growth, with a market size increase from 43.23 billion yuan in 2020 to 57.09 billion yuan in 2023, and is expected to reach 81.25 billion yuan by 2028 [11] - The acquisition is aimed at enhancing "孩子王's" market position and expanding its service offerings to families, leveraging synergies in membership operations and market channels [11]
孩子王(301078) - 2025年06月10日投资者关系活动记录表
2025-06-10 13:16
Group 1: Company Overview and Market Potential - The hair care market in China has grown from RMB 43.23 billion in 2020 to RMB 57.09 billion in 2023, with a compound annual growth rate (CAGR) of 9.7%. It is projected to reach RMB 81.25 billion by 2028, with a CAGR of 7.3% from 2023 to 2028 [5]. - Si Yu Industrial has established itself as a leading enterprise in the hair care sector, focusing on scalp and hair health, with over 2,503 stores, including 176 direct-operated and 2,327 franchised stores, and a membership base exceeding 2 million [4]. Group 2: Synergies from Acquisition - The acquisition of Si Yu Industrial by Kid Wang is expected to enhance the company's innovative attributes, leveraging member synergies due to the high correlation between their customer bases, particularly among parents and elderly caregivers [6]. - Kid Wang operates over 500 large stores, which can host Si Yu hair care outlets, enriching service offerings and expanding market reach, especially in lower-tier markets [7]. Group 3: Operational Integration and Future Plans - Post-acquisition, Kid Wang will gain control of Si Yu Industrial, utilizing its extensive industry experience to integrate resources across channels, teams, and digital platforms, ensuring effective management and strategic planning [8]. - Si Yu Industrial aims to enhance its market presence, particularly in East and North China, and lower-tier markets, while optimizing store operations and leveraging Kid Wang's digital capabilities for member engagement and product sales growth [9].