珀莱雅以稳健的收入与充沛的现金流，向市场交出了一份"质效双优"的期中答卷，同时推出了公司史上 最高的半年度分红方案，并启动了港股上市计划。8月27日，珀莱雅化妆品股份有限公司（以下简称"珀 莱雅"）发布2025年半年度报告。报告显示，公司上半年实现营业收入53.62亿元，同比增长7.21%；归 属于上市公司股东的净利润7.99亿元，同比增长13.80%。在行业增速普遍放缓的背景下，珀莱雅仍保持 了营收与利润的双增长，经营性现金流净额同比大幅提升95.34%至12.93亿元，展现出较强的盈利质量 和运营效率。 与此同时，珀莱雅推出中期分红方案，拟每10股派发现金红利8.00元，预计总额3.15亿元，创公司半年 度分红新高。董事会亦审议通过发行H股股票并在香港联交所主板上市的计划，国际化战略迈出关键一 步。 多品牌驱动增长，主品牌与新兴品牌协同发力 据国家统计局数据，今年1-6月，限额以上化妆品零售额达2291亿元，同比增长2.9%，低于社会消费品 零售总额5%的增幅。分析指出，当前中国美妆市场虽保持增长态势，行业进入平稳发展期，但整体增 速有所放缓。 在此背景下，珀莱雅仍实现稳健增长，净利润率提升至15.41% ...

8月27日，珀莱雅化妆品股份有限公司（以下简称"珀莱雅"，股票代码：603605）发布《2025年半年度 报告》。报告显示，公司实现营业收入53.62亿元，同比增长7.21%；其中，洗护类增速高达131.25%， 美容彩妆类增速达25.79%，成为驱动营收增长的重要力量。在盈利表现上，归母净利润7.99亿元，同比 增长13.80%；经营性现金流12.93亿元，同比增幅高达95.34%。同步提升的是盈利质量：净利率同比提 高至15.41%，毛利率同比提高3.56个百分点至73.38%。珀莱雅以稳健的收入与充沛的现金流，向市场交 出了一份"质效双优"的期中答卷。 中期分红预案创新高 H股上市将开拓增长新空间 PROYA 、 11 值得关注的是，半年报发布当日，公司公告了两大重磅消息：一是珀莱雅拟推出公司史上最高半年度分 红方案；二是珀莱雅正在筹划发行H股股票并在香港联合交易所有限公司上市。 为提振投资者信心，珀莱雅推出了2025年半年度分红方案：拟每10股派发现金红利（含税）8.00元，现 金分红总额预计3.15亿元；若方案落地，公司自2017年上市以来累计分红将超21亿元。持续稳定的分 红，是企业盈利能力扎实、 ...

Group 1: Dekoli - Dekoli's Q1 2025 operating performance shows structural adjustments, with a slight revenue increase of 6% year-on-year, but a significant decline in profit margins due to high-margin business price adjustments, soaring DCI business costs, and product structure changes [1] - The 800G DCI product has entered the customer customization development stage, expected to be launched within the year, with no current plans to expand to L-band [1] - Capacity bottlenecks are anticipated to gradually ease in Q3-Q4, despite challenges in overseas base construction and domestic new production line certification [1] Group 2: Proya - In 2024, Proya is set to become the first beauty company in China to exceed 10 billion in revenue, aiming to enter the top ten global cosmetics industry within the next decade with its "Double Ten Strategy" [2] - The main brand Proya still has room for market share growth in China, focusing on developing series such as Source Power, Energy, Whitening, and Base Makeup [2] - The company plans to enhance its product matrix through online channels and explore new formats in offline channels, while also targeting the Southeast Asian market for product development and local partnerships [2] Group 3: Xiangpiaopiao - Xiangpiaopiao's milk tea business faces pressure in Q4 2024 and Q1 2025 due to external environment, internal strategy adjustments, and a long-termism approach [3] - The new product "Original Leaf Fresh Brew" has received positive feedback during trial sales, and the brand has gained significant visibility [3] - The company is focusing on optimizing product positioning for its "Lan Fang Yuan" frozen lemon tea and expanding its snack retail channels with customized products [3]