每经AI快讯，2月13日，颐海国际(01579.HK)涨近3%，截至发稿涨2.72%，报16.59港元，成交额4105.18 万港元。 ...

高盛发布研报称，预计颐海国际2025年销售额将录得2%的增长，而净利润增长可达8%。其中，下半年 销售额增长预计为3%，净利润增长则料加速至13%。增长动力主要来自下半年对2C产品的提价效益、 营运杠杆效应，以及直销关键客户渠道(包括胖东来、山姆会员店、零食折扣店等)的效率提升。 高盛分析指出，颐海国际下半年净利润增长加速主要受以下因素驱动：第三方2C产品出厂价提升低至 高单位数百分比，部分被增加的经销商渠道返利所抵消，从而利好毛利率与营业利润率；直销/直送关 键客户促进了新产品上市、定制化产品开发，以及规模化物流带来的营运效率；有效税率正常化带来的 一次性收益，2024年下半年为35%，预计2025年下半年为28%；精简产品线及改善定价后，低毛利率方 便食品的贡献降低。 颐海国际(01579)涨近3%，截至发稿，涨2.72%，报16.59港元，成交额4105.18万港元。 ...

高盛分析指出，颐海国际下半年净利润增长加速主要受以下因素驱动：第三方2C产品出厂价提升低至 高单位数百分比，部分被增加的经销商渠道返利所抵消，从而利好毛利率与营业利润率；直销/直送关 键客户促进了新产品上市、定制化产品开发，以及规模化物流带来的营运效率；有效税率正常化带来的 一次性收益，2024年下半年为35%，预计2025年下半年为28%；精简产品线及改善定价后，低毛利率方 便食品的贡献降低。 高盛发布研报称，预计颐海国际2025年销售额将录得2%的增长，而净利润增长可达8%。其中，下半年 销售额增长预计为3%，净利润增长则料加速至13%。增长动力主要来自下半年对2C产品的提价效益、 营运杠杆效应，以及直销关键客户渠道(包括胖东来、山姆会员店、零食折扣店等)的效率提升。 智通财经APP获悉，颐海国际(01579)涨近3%，截至发稿，涨2.72%，报16.59港元，成交额4105.18万港 元。 ...

Core Viewpoint - Goldman Sachs forecasts a 2% sales growth for Yihai International in 2025, with net profit growth reaching 8% [1] Sales and Profit Growth - Sales growth in the second half of the year is expected to be 3%, while net profit growth is projected to accelerate to 13% [1] - Growth drivers include price increases for 2C products, operational leverage, and efficiency improvements in direct sales channels such as Pandonglai, Sam's Club, and discount snack stores [1] Future Outlook - The firm has raised its net sales forecasts for 2025 to 2027 by 0.4% to 0.8% due to effective price increases in the 2C business and a potential recovery in consumer demand benefiting the 2B business [1] - Net profit forecasts for 2025 to 2027 have been increased by 4% to 6% owing to improved gross and operating profit margins [1] Target Price Adjustment - Based on updated earnings forecasts, Goldman Sachs has raised the target price for Yihai International from HKD 14.1 to HKD 15.4, maintaining a "Neutral" rating [1]

Market Overview - The Hang Seng Index opened lower but managed to close up by 0.14% [1] - The geopolitical situation remains stable, with Iran set to negotiate nuclear issues with the U.S. on February 6 [1] - Gold and silver prices fell significantly, with silver dropping over 14% and gold falling more than 2% to below $4,900 per ounce [1] International Relations - Russian President Putin plans to visit China in the first half of 2026 following a video call with Chinese leaders [2] - U.S. and Chinese leaders had a positive discussion regarding regional issues and economic cooperation, with a planned visit by Trump to China in April [2] - China has requested state-owned enterprises to pause new investment projects in Panama [2] Technology Sector - Despite declines in U.S. tech stocks, some Chinese tech companies like Naxin Micro (02676) reported strong earnings and plan to raise product prices by 10%-25% [3] - Baidu (09888) announced a stock buyback plan of up to $5 billion and plans to introduce a dividend policy by 2026, leading to a nearly 3% increase in its stock price [3] - Xiaomi (01810) repurchased shares worth HKD 146 million, also seeing a nearly 3% rise [3] - Tencent (00700) is expected to maintain double-digit growth in its gaming business by 2026, with advertising revenue projected to grow around 20% [3] Consumer Sector - Kweichow Moutai (600519.SH) has shown strong performance, boosting consumer valuations [4] - Oriental Selection (01797) surged over 10% due to its unique brand and membership model [4] - Pop Mart (09992) reported significant demand for its new products, with resale prices on secondary markets showing substantial premiums [4] Restaurant Sector - Yum China (09987) reported total revenue of $11.797 billion for 2025, a 4% increase year-on-year, with net profit rising by 2% [5] - Haidilao (06862) is seeing positive impacts from the return of its founder, with plans for expansion and new brand growth [5] - Brainstorm Aurora-B (06681) announced a strategic partnership to promote digital health products in Southeast Asia, with a significant stock price increase of over 15% [6] Energy Sector - The U.S. is experiencing a surge in natural gas power generation capacity, with over 29 GW under construction, but many projects may face delays due to a lack of available gas turbines [7] - Companies like Eagle Precision (01286) and Dongfang Electric (01072) are positioned to benefit from this trend, with expectations of increased demand for gas turbine components [7] Aviation Sector - Cirrus Aircraft (02507) launched the new G3 Vision Jet, enhancing its product line and expected to improve profit margins [8] - The new jet model is designed for private and corporate users, featuring significant upgrades in safety and comfort [8] - Cirrus is projected to deliver approximately 800 aircraft in 2025, with new orders expected to reach around 600 units [9]

Core Viewpoint - Yihai International (01579) has seen its stock price increase by over 6%, with a year-to-date gain of nearly 30% as of the report date, trading at HKD 16.93 with a transaction volume of HKD 587 million [1] Group 1: Management Changes - On January 13, Haidilao announced that founder Zhang Yong has replaced Gou Yiqun as CEO, effective immediately [1] - Yihai International and Haidilao are considered brother companies, with Zhang Yong and his wife being major shareholders of Yihai International [1] Group 2: Market Sentiment and Forecast - Guotai Junan Securities released a report indicating that the management adjustment at Haidilao sends a positive signal, with the founder's return expected to accelerate operational improvements at Haidilao, which may directly benefit Yihai's related business [1] - The current profit margins of related businesses are already low, suggesting limited room for further decline [1]

Core Viewpoint - Yihai International (01579) has seen its stock price increase by over 6%, with a year-to-date gain of nearly 30% as of the report date [1] Group 1: Company Developments - On January 13, Haidilao announced that founder Zhang Yong has replaced Gou Yiqun as CEO, effective immediately [1] - Yihai International and Haidilao are brother companies, with Zhang Yong and his wife being major shareholders of Yihai International [1] Group 2: Market Analysis - Industrial Securities indicated that the management team adjustment at Haidilao sends a positive signal, with the founder's return expected to accelerate operational improvements at Haidilao, which may directly benefit Yihai's related business [1] - Guotai Junan Securities reported that the current profit margins of related businesses are already low, suggesting limited room for further decline [1]

Core Viewpoint - The recent management changes at Haidilao, with founder Zhang Yong returning as CEO, have positively impacted the stock performance of Yihai International, which saw a rise of over 5% [1] Group 1: Management Changes - Zhang Yong has resumed the position of CEO at Haidilao, which is expected to boost employee morale and internal management [1] - Four experienced young executives have been appointed as executive directors at Haidilao [1] Group 2: Relationship Between Companies - Yihai International and Haidilao are brother companies, with Zhang Yong and his wife being major shareholders of Yihai International [1] - The management teams of both companies operate independently despite their close relationship [1] Group 3: Future Prospects - The return of Zhang Yong is anticipated to enhance the "Red Pomegranate" plan, creating additional growth opportunities [1] - Yihai International is expected to benefit from the growth of new brands incubated by Haidilao, as its seasoning products are primarily supplied by Yihai [1] - Haidilao's stricter quality management will likely lead to Yihai providing higher quality products, fostering a win-win situation for both companies [1]

Core Viewpoint - The recent management changes at Haidilao, with founder Zhang Yong returning as CEO, have positively impacted the stock performance of Yihai International, which saw a rise of over 5% [1] Group 1: Management Changes - Zhang Yong has resumed the position of CEO at Haidilao, which is expected to boost employee morale and internal management [1] - Four experienced young executives have been appointed as executive directors at Haidilao [1] Group 2: Relationship Between Companies - Yihai International and Haidilao are brother companies, with Zhang Yong and his wife being major shareholders of Yihai International [1] - The management teams of both companies operate independently despite their close relationship [1] Group 3: Future Prospects - The return of Zhang Yong is anticipated to enhance the Red Pomegranate plan, creating additional growth opportunities [1] - Yihai International is expected to benefit from the growth of new brands incubated by Haidilao, as its seasoning products are primarily supplied by Yihai [1] - Haidilao's stricter quality management will likely lead to Yihai providing higher quality products, fostering a win-win situation for both companies [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 頤海國際控股有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01579 | 說明 | 不適用 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 頁 v 1.2.0 ...