供应链改革方面，超市积极引进胖东来系列同款商品，同时，为了补充"国庆"假期期间的是吗购物需要，超市还储备了各类粮油、肉类、清洁用品等商品， 为即将到来的销售高峰做准备。昌吉汇嘉时代购物中心超市休闲粮油课主管郝雯介绍，"中秋国庆假期快到了，我们超市呢，为了满足昌吉市民更好的购物 需求，我们更新了卖场的商品，重新打造了我们卖场购物的环境，还引进了胖东来的很多的商品，比如说菜籽油，洗衣凝珠，抹布、毛巾等民生商品，进一 步丰富了昌吉市民的购物体验，让大家过来选购更多更好的商品，我们这次的重新打造呢，提高了居民的生活的品质，从商品层面进行了结构的调整，更满 足了很多年轻人，包括中老年人的购物需求。" 此外，超市还增设便民服务区，当购物感到疲惫时，消费者可以在此休憩，免费饮用水。纸巾等日常用品一应俱全，让购物更便捷。公平秤可随时复称，保 障消费者权益，体现诚信经营。通过一系列切实有效的整改措施，在商品、供应链与服务体验上实现全方位升级。这一系列举措不仅满足了消费者日益多样 化的需求，稳定了市场供需预期，也为消费市场的繁荣发展注入了强大信心。（中国日报记者毛卫华｜ 马玉娇） （市民正在对胖东来专区的产品进行购买 马玉娇摄） ...

Group 1 - The core theme of the promotion is "Nine is the time to decorate and replenish the home," running from September 13 to 21, 2025, offering significant discounts to consumers [2][3] - Consumers can participate in a daily flash sale at 11 AM, where they can purchase a 1,000 yuan voucher for only 9.9 yuan, limited to one per person, which can be used to offset large orders [2] - Additional rewards are available for purchases over 2,000 yuan, including various gifts such as laundry beads, wine, and kitchen appliances, enhancing the shopping experience [2] Group 2 - The promotion includes a special event on September 14 and 21, where customers who place two different brand orders, each over 2,000 yuan, can enter a red envelope draw with prizes ranging from 18 to 4,999 yuan [2] - The company emphasizes its commitment to providing high-quality and cost-effective home products, making this promotion an excellent opportunity for consumers to refresh their homes this autumn [3] - Customers are encouraged to set reminders for the promotion and participate actively to maximize their benefits during the event [3]

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The company has demonstrated strong growth in its private label and brand management business, showcasing robust brand incubation capabilities [3] - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 1.319 billion yuan, a year-on-year growth of 67.55%, and net profit of 72 million yuan, up 85.6% [2] Summary by Sections Financial Performance - In the first half of 2025, the company's revenue from different segments was as follows: 380 million yuan from agency operations, 340 million yuan from brand management, and 600 million yuan from private label, with year-on-year changes of -2.79%, +53%, and +242% respectively [3] - The gross profit margin for the first half of 2025 was 56.92%, an increase of 11.4 percentage points year-on-year, primarily due to improved margins in agency operations and a higher proportion of revenue from private label products [3] Brand Development - The brands "Zhanjia" and "Feicui" are expanding their product categories around home cleaning and anti-aging, establishing a comprehensive multi-channel marketing capability [4] - "Zhanjia" has launched 18 different fragrance variants of its core product "Four Seasons Bloom Laundry Liquid," which accounts for over 40% of total sales [4] - "Feicui" achieved revenue of 160 million yuan in the first half of 2025, with a significant increase in sales through various channels, including a 62% quarter-on-quarter growth in GMV [5] Shareholder Returns - The company announced a mid-term dividend plan, proposing a cash dividend of 3 yuan per 10 shares, totaling approximately 65.6 million yuan, and a capital reserve conversion of 4 shares for every 10 shares held [7] - A share buyback plan was also announced, with a budget of 100 to 200 million yuan to repurchase 1.3 to 2.6 million shares, reflecting confidence in long-term growth [7] Earnings Forecast - The earnings forecast for 2025-2027 has been revised upwards, with expected revenues of 2.983 billion yuan, 3.848 billion yuan, and 4.619 billion yuan respectively, and net profits of 179 million yuan, 265 million yuan, and 339 million yuan [8] - The expected EPS for the same period is 0.82 yuan, 1.21 yuan, and 1.55 yuan, with corresponding PE ratios of 74, 50, and 39 times [8]

Core Viewpoint - The company reported strong revenue and profit growth in the first half of 2025, with a revenue of 1.319 billion yuan, a year-on-year increase of 67.55%, and a net profit of 72 million yuan, up 85.60% year-on-year, indicating enhanced profitability and operational quality [1] Group 1: Revenue Growth - The company's proprietary brand business saw significant growth, achieving revenue of 603 million yuan, a substantial increase of 242.42%, accounting for 45.75% of total revenue [1] - The brand management business generated revenue of 335 million yuan, reflecting a year-on-year growth of 52.53%, contributing 25.42% to total revenue [1] - The agency operation business reported revenue of 380 million yuan, with a gross margin improvement of nearly 10 percentage points compared to the same period last year [1][9] Group 2: Brand Performance - The LYCOCELLE brand "Zhenjia" achieved revenue of 444 million yuan, a year-on-year increase of 157.11%, driven by innovative product offerings and effective marketing strategies [2][3] - The "FineNutri" brand generated revenue of 160 million yuan, with significant growth in the second quarter compared to the first quarter, supported by new product launches and collaborations [6] - During the 618 shopping festival, the brand "Zhenjia" saw over 160% growth in GMV across all channels, ranking first in the Tmall home cleaning industry [4] Group 3: Innovation and Product Development - "Zhenjia" launched several successful products, including the "Four Seasons Fragrance" laundry liquid, which saw sales increase by over five times on its first day [3] - "FineNutri" expanded its product matrix with new offerings such as the "Stress Relief Serum" and "Beauty Light Serum," achieving top rankings in various categories on e-commerce platforms [6] Group 4: Digital Transformation and Talent Development - The company is accelerating its digital transformation by leveraging AI technologies to enhance operational efficiency across various business processes [10][11] - A focus on talent development is evident, with efforts to build a diverse talent pool that supports the company's multi-channel strategy and innovation in product development [11] Group 5: Future Outlook - The company plans to continue its coordinated development of proprietary brands, brand management, and agency operations, with a focus on the health and personal care sectors [11] - There is an emphasis on exploring new opportunities in the evolving consumer landscape, aiming to strengthen competitive advantages through comprehensive brand strategies and product innovations [11]

Core Insights - The company reported strong revenue and profit growth in the first half of 2025, with total revenue reaching 1.319 billion yuan, a year-on-year increase of 67.55%, and net profit attributable to shareholders at 72 million yuan, up 85.60% [1] Group 1: Brand Performance - The self-owned brand business showed robust growth, generating revenue of 603 million yuan, a significant increase of 242.42%, accounting for 45.75% of total revenue [1] - The brand "Zhanjia" achieved revenue of 444 million yuan, reflecting a year-on-year growth of 157.11%, by enhancing brand perception through IP collaborations and seasonal fragrances [1] - The company has launched several star products, including laundry liquid, fabric spray, laundry pods, and floor cleaners, based on real-time user feedback [1] Group 2: Other Business Segments - The brand management business generated revenue of 335 million yuan, a year-on-year increase of 52.53%, contributing 25.42% to total revenue [2] - The logistics business achieved revenue of 380 million yuan, with a gross margin improvement of nearly 10 percentage points compared to the same period last year, indicating enhanced operational efficiency [2] - The brand "Feicui" focused on anti-aging solutions, generating revenue of 160 million yuan, with significant growth in the second quarter compared to the first [2]

Core Viewpoint - The company, Ruoyuchen, reported significant growth in its 2025 semi-annual financial results, with revenue reaching 1.319 billion yuan, a year-on-year increase of 67.55%, and net profit of 72.63 million yuan, up 85.60% [2][3]. Revenue Breakdown - The self-owned brand business generated 603 million yuan in revenue, a substantial increase of 242.42%, accounting for 45.75% of total revenue [4]. - The brand Zhanjia achieved revenue of 444 million yuan, growing by 157.11%, while the health product brand FineNutri generated 160 million yuan [2][4]. Business Model and Growth Drivers - Ruoyuchen operates as an e-commerce service provider, managing online stores and marketing for brands, evolving from a pure agency model to brand management and self-owned brands [2]. - The brand management segment reported revenue of 335 million yuan, a growth of 52.53%, indicating a new growth curve for the company [7]. Sales Channels and Performance - The sales channel analysis shows that Douyin accounted for the highest sales proportion at 37.24%, with sales amounting to 489 million yuan during the reporting period [6]. - During the 618 shopping festival, the overall GMV for Zhanjia increased by over 160%, with significant growth across multiple platforms [4]. International Expansion Plans - The company plans to issue H-shares and list on the Hong Kong Stock Exchange, aiming to raise funds for product development, brand building, and global expansion [10]. - Ruoyuchen is considering entering the Southeast Asian market, where the cleaning products sector is projected to grow significantly, particularly in laundry products [11]. Legal Disputes - The company faced legal disputes with Mead Johnson and Mentholatum, involving contract and trademark issues, but has taken steps to mitigate potential impacts on its operations [8][9].

Core Viewpoint - The company, Ruoyuchen, reported significant revenue and profit growth in its 2025 semi-annual report, driven by its own brand business and brand management services [1][3]. Financial Performance - The company achieved operating revenue of 1.319 billion yuan, a year-on-year increase of 67.55% [2]. - Net profit attributable to shareholders was 72.26 million yuan, up 85.60% compared to the previous year [2]. - The self-owned brand business generated 603 million yuan in revenue, a substantial growth of 242.42%, accounting for 45.75% of total revenue [1][3]. Brand Performance - The brand "Zhanjia" generated 444 million yuan in revenue, reflecting a growth of 157.11% [3]. - The health product brand "Feicui" achieved revenue of 160 million yuan, with significant growth during the second quarter [5]. Sales Channels - The highest sales revenue came from Douyin, accounting for 37.24% of total sales, with a reported sales amount of 489 million yuan [6]. - During the 618 shopping festival, the overall GMV for "Zhanjia" increased by over 160%, with significant growth across multiple platforms [3]. Brand Management and Operations - The brand management business generated 335 million yuan, a year-on-year increase of 52.53% [6]. - The company’s agency operation business reported revenue of 380 million yuan, a slight decline of 2.79%, but with improved overall gross profit margins [7]. Legal Disputes - The company faced legal disputes with Mead Johnson and Mentholatum, involving contract and trademark issues, respectively [7][8]. - A court ruling required Mead Johnson to pay Ruoyuchen 18.47 million yuan, while Ruoyuchen was ordered to pay 750,000 yuan for product costs [7][8]. Future Plans - Ruoyuchen plans to issue H-shares and list on the Hong Kong Stock Exchange, aiming to raise funds for product development, brand building, and global expansion [9]. - The company is focusing on expanding into Southeast Asian markets, particularly with its self-owned brand "Zhanjia," which has significant growth potential in the region [10].

Core Viewpoint - The company, RuYuchen, reported strong revenue and profit growth in its 2025 semi-annual report, with a revenue of 1.319 billion yuan, a year-on-year increase of 67.55%, and a net profit of 72 million yuan, up 85.60% year-on-year, indicating enhanced profitability and operational quality [1] Group 1: Revenue Growth - The company's proprietary brand business saw significant growth, achieving revenue of 603 million yuan, a substantial increase of 242.42%, accounting for 45.75% of total revenue [1] - The brand management business generated revenue of 335 million yuan, reflecting a year-on-year growth of 52.53%, contributing 25.42% to total revenue [1] - The agency operation business reported revenue of 380 million yuan, with a gross margin improvement of nearly 10 percentage points compared to the same period last year, showcasing enhanced operational efficiency [1][8] Group 2: Brand Performance - The LYCOCELLE brand, known as "ZhanJia," achieved revenue of 444 million yuan, a year-on-year increase of 157.11%, driven by innovative product offerings and effective marketing strategies [2][3] - The "FineNutri" brand generated revenue of 160 million yuan, with significant growth in the second quarter compared to the first, supported by the launch of new products [4][5] Group 3: Channel Expansion - The "ZhanJia" brand maintained rapid growth across multiple platforms, with a GMV increase of over 160% during the 618 shopping festival, ranking first in the Tmall home cleaning industry [4] - The company deepened offline collaborations, entering premium channels such as Sam's Club and Yonghui Bravo, further enhancing its market presence [4] Group 4: AI and Talent Development - The company accelerated its digital transformation by leveraging AI technologies, enhancing data security and operational efficiency through a dual approach of "full-domain data + intelligent platform" [9] - A focus on talent development was emphasized, with a strategy to build a composite talent matrix to support the growth of proprietary brands and brand management teams [10] Group 5: Future Outlook - The company plans to continue the coordinated development of its proprietary brands, brand management, and agency operation businesses, aiming to explore new opportunities in the health and personal care sectors [10]

2025年上海市洗衣凝珠产品质量监督抽查所检项目符合相关标准的产品 本次监督抽查依据SHSSXZ0229-2025《洗衣凝珠上海市产品质量监督抽查实施细则》组织实施。 中国质量新闻网讯 据上海市市场监督管理局网站消息，近期，上海市市场监督管理局对本市生产、销售的洗衣凝珠产品质量进行了监督抽查。本次抽查了 20批次产品。经检验，未发现不合格。本次抽查所抽样品均来自实体销售。 本次抽查所抽样品产地涉及上海市、安徽省、海南省、河南省等8个省市。其中抽查到标称上海市生产企业共1 批次；抽查到标称外省市生产企业共19批 次。 | 样品标称名称 | 标称商标 | 标称规格型号 | 标称生产日 | 标称生产者名称 | 被抽样生产者、销售者 | 被抽样销售者所在商 | 认证 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 期/批号 | | | 场/电商平台 | 机构 | | 盒马单腔洗衣凝珠 | 盒马 | 504克（42颗 | 20250301// | 海南鲲元生活科技有限公 | 上海盒马网络科技有限公司闵 | 星宝购物中心 / / | / | | | ...

该局已责令生产销售单位停止销售本次不合格产品，并将本次产品质量监督抽查不合格产品名单录入监督抽查数据库，依照《广东省市场监督管理局产品质 量信用分类监管规范》的规定，将相关产品信用信息录入经营者的质量信用档案，通过粤品通质量技术服务平台、国家企业信用信息公示系统（广东）向社 会公示。组织各有关市市场监管局按照《中华人民共和国产品质量法》《产品质量监督抽查管理暂行办法》等有关要求，迅速组织做好监督抽查结果处理工 作。对不合格产品，依法采取查封、扣押等措施，严禁生产销售；对不合格产品生产销售单位，明确整改要求，严格督促落实整改措施，及时组织复查；对 拒绝接受监督抽查的、涉嫌假冒的、无证生产的，通过现场检查、询问情况、查阅合同发票等方式调查取证，查清违法事实，依法从严从快从重处置，并跟 踪抽查和实施重点监管；违法行为涉嫌犯罪的，及时移送司法机关。督促生产单位对不合格产品涉及安全（项目）开展缺陷调查，构成缺陷的，依法实施召 回。督促指导不合格生产销售单位落实质量安全主体责任，按要求配备质量安全总监和质量安全员，建立符合本单位实际的质量安全风险清单，落实"日管 控、周排查、月调度"工作制度。 产品质量监督抽查不合格产品 ...