据知情人士透露，中国的避孕套和情趣玩具品牌杰士邦的一些股东正在考虑出售少数股权。上述人士 称，包括高瓴资本和人福医药集团在内的投资者正在探索出售杰士邦约20%-30%的股份，并一直在与私 募股权公司CVC Capital Partners和安宏资本等潜在买家洽谈。由于事未公开，知情人士不愿具名。商议 仍在进行之中，也有可能不会达成交易。如果达成股权出售协议，那么该公司的首次公开募股(IPO)计 划明年可能重启。 ...

Core Insights - The report "2025 Insights into the Online Market of the Adult Industry" indicates that the market size of adult products in China has grown from 44.05 billion yuan in 2016 to 168.53 billion yuan in 2022, with continued growth expected by 2025, highlighting significant domestic consumption potential despite a high export ratio [1][14][19] - The industry has undergone various phases: strict control, exploration, initiation, explosion, and maturity, with current policies emphasizing complete product labeling, quality standards, and privacy protection in logistics packaging [1][20][23] Market Overview - The adult products market in China is projected to reach 208.13 billion yuan by 2025, with a substantial potential for domestic consumption as acceptance of sexual health products increases [14][19] - Online channels accounted for 63% of the global adult products market in 2022, indicating a strong trend towards e-commerce platforms for sales [16][19] Consumer Demographics - The consumer base is diversifying, with Generation Z showing an increasing share, characterized by openness to sexual health awareness and a preference for personalized products, with over 60% penetration of adult toys and lubricants [1][28] - Married households are focusing on product quality and practicality, with significant growth in sales of family-sized condoms and couple's toys [1][37] - The LGBTQ+ community has a purchasing power three times that of heterosexual consumers, seeking quality and identity recognition [1] - There is a notable surge in demand from the middle-aged and elderly demographic, particularly for health-related products [1] Product Categories - Key categories include female devices, male devices, and adult lingerie, with female devices seeing a year-on-year sales increase of 1212.9% and male devices increasing by 685.2% [2] - The adult lingerie market is stabilizing, with a coexistence of high-end and personalized products, as brands like Feimu strengthen their positions through original designs and multi-channel strategies [2] Consumer Preferences - Consumers prioritize material and tactile experience when selecting adult products, with a focus on functionality and privacy, while brand and price sensitivity are relatively lower [33] - The shift in consumer attitudes shows that 54% identify as open enjoyers of adult products, with 42% purchasing at least once every three months [25][26]