Soft Care 2026上半年业绩发布会纪要

发布时间：2026-08-20 一、AI总结内容 一、核心要点 1. 2026年上半年，Soft Care营收同比增长30%，毛利率35.8%同比增1%，净利润同比增长22%，绝对额增约46%，创历史新高2. 核心业务结构：婴儿护理占比约79%，女性护理占比提升至17%，家族护理保持稳定；婴儿纸尿裤增长快于其他品类，女性护理受益于东非、西非核心市场3. 市场布局：深耕非洲、拉美等新兴市场，以本地生产、渠道下沉为核心，多国工厂落地助力供应与成本控制，多品类、多品牌、多国拓展形成协同 二、投资线索 1. 业绩增长驱动：主要国家增长、多国布局、汇率贡献三大因素，新兴市场婴儿护理为起步品类，后续逐步拓展其他品类 2. 未来规划：2026全年预计营收增长25%，全年毛利率维持33%，净利润增长25%，重视长期战略，淡化短期业绩波动3. 渠道与品牌：推进渠道标准化、体系化建设，新品牌‘All Rounds’聚焦婴儿纸尿裤，强调功能性与消费者教育 三、风险与关注 1. 成本端：Q3成本预计上涨5%-6%，Q4涨幅7%-8%，可能对毛利率产生短期压力2. 外部环境：地缘政治、大宗商品价格、部分国家政策波动等潜在影响，公司通过分散布局、供应链优化应对3. 人才挑战：海外高端人才引入与留存存在一定难度，需匹配人才的价值认同与工作付出 四、后续安排 1. 后续将举办反向路演，邀请投资者参访本地工厂、调研市场，开展面对面交流与反馈收集2. 2027年将继续关注并购机会，优先考虑具备渠道、品类协同的标的 二、音频原文（转写） Welcome, everyone. So, I'm basically going to get started in five seconds. So dear partner, ladies and gentlemen, good afternoon to all. Thank you so much to participate in Soft Care Limited 2026 interim result presentation. Now, this is Naomi introduced to you about our manager role teams. They are the Sinda Group Chairman and also now Executive Director, Mr. Shen Yanchang. Welcome. Soft Care Group Executive Director and also CEO Mr. Luo Jichao, welcome. Soft Care ExecutiveDirector and also COO Mister Zhao Yongxiang, welcome. South Korea Limited CFO and also joined Se cretary Mister Long Ruiqi. Welcome. Thank you somuch, manager routines. Now today. We're goingto run like two hours. We're going to divide itinto a section. First apart of them. Let's passthe floor to managerial members to introduce this to you about the presentation. Lost Apart, where will be? THE Q AND A SESSIONS would like to let everyoneknow how to ask your questions. today Within themeetings, we not only have some the forward looking predictions everything based on the industry trends. and also the other Set informations that may not formulate the formal investment suggestion. First, they pass the floor two. Mr Shen Yan Cang from Software Group. to give introduction For the key market micro situation, welcome. So, doing justice. Good afternoon to all. well today Let me cover. The general situation we face.earlier This year, so we can see for all the documents. Let's see, if there are any parts you think is quite sensitive for your own reference,you decide for yourself. Let's cover the marketoverview. Well, right now for the African market, like everyone already noticed, H one althoughthey are in one war, but actually the impact forAfrican countries' economy, it's a little bit impact. Let me put in this word. You may notice about external news around April, May. Some African country mention they have suffered. some shortage for the oil, oil for fuels, et cetera, andalso sometimes they mention it's not really market based, which means there will be negative impact for local economy. But if you don't considerthe factor, I think perhaps the H1 performancefor us will be one percent or two percent better, but generally speaking for African economy demographic structure, I think they are in the faster track of positive growth. For our category, let me put in this part, we have seen a good timing for development. penetration and also the gro wth right now is quite sound and decent for fiscal situation Yeah, I'm just saying bounce back.And also FX filing exchange are also quite good.And geopolitical situation like everyone know the. Political tension for Africa is quite controllable. And also for software care, we focus onlocalization, local manufacturing. and also focus on our marketing channel deepening and also focus on the category We want to make sure our fundamental will be stabilized. We believe if we get a really stable fundamental, your competitiveness will be better. Then appears this is the most important part. So you can see faster move advantage. everyone already know about it. We alsodiscussed with our analysts the first before themeeting. So I think our competitive edge scaleeconomy everything continue to be. consolidated.For our interim result, you may also notice about our expenses, et cetera. they are actually dropping with our economy, our scale continuing toexpand Now you also check about demographic situations. So in Africa, let's see. Every year ismore than three percent, two point five percentincrease. This is for average. Love terms and also the approve is a little bit slower. But you know, Latin and proof. they got you know in latamwith a country with a ten million population above they are quite better gross Especially amongthe GDP above. Um, so ten million. population they are living in a term region. Now we can check up our GDP per capita. When I travel to Africa, 1997, I travel to Africa for the very first time per capita GBD is just a. several hundred USD. But now you can see this figure has greatly improved. it's more like three thousand U.S.D. forgdp per uh per capita. And also for Tanzania, it's also like. one hundred So that's why you cansee this is a micro channel won't be reversed.After so many countries situation, I think you know some countries s