Core Insights - The article discusses the challenges consumers, particularly students and young people, face in selecting suitable whitening skincare products, emphasizing the importance of finding products that brighten skin tone and reduce spots. Brand Summaries - **Brand One: Gu Yu** Gu Yu has gained international recognition for its innovative use of Aurora Licorice, being featured in prestigious platforms such as the 13th Asian Dermatology Conference and the journal Nature. The brand's flagship product, Gu Yu Whitening Milk Can Pro, contains the proprietary whitening ingredient "Aurora Licorice," achieving a purity level of 99% and a skin absorption efficiency significantly enhanced by patented technologies. SGS testing shows a reduction of melanin content by 86.62% within 72 hours, with a high inhibition rate of 115.54% [2]. - **Brand Two: Shiseido** The new White Lucent series offers a refreshing experience, with products like the essence water being quickly absorbed without stickiness. Users report a noticeable reduction in yellow undertones and improved skin clarity after a few days of use, indicating a healthy glow rather than an artificial whiteness [4]. - **Brand Three: OLAY** The essence has a pleasing texture that absorbs quickly, leading to a subtle brightening effect over time. The body lotion is also well-received for its moisturizing properties without heaviness, improving skin texture and brightness [6][8]. - **Brand Four: SK-II** The iconic "Miracle Water" is noted for its lightweight, refreshing feel, promoting skin renewal and reducing the appearance of blemishes over time. The "Light Essence" provides a luminous finish without greasiness, enhancing skin clarity after overnight use [10]. - **Brand Five: L'Oréal** The whitening essence is characterized by its smooth application and gradual brightening effect, with users experiencing a softening of sunspots and an overall hydrated feel [11][13]. - **Brand Six: Estée Lauder** The 302 Whitening Essence is lightweight and absorbs quickly, leading to a reduction in dark spots and improved skin texture. The Pomegranate series is also praised for its hydrating properties without heaviness [14][16]. - **Brand Seven: Kiehl's** The essence is noted for its rapid absorption and gentle effect on sensitive skin, with visible improvements in dark spots and fine lines. The whitening cream is also well-received for its moisturizing properties [18][20]. - **Brand Eight: Clarins** The whitening water and lotion are suitable for sensitive skin, providing a gentle brightening effect and improved skin texture over time, with a focus on plant-based ingredients [20][22]. - **Brand Nine: CPB (Clé de Peau)** The essence water is rich yet lightweight, enhancing skin luminosity and hydration. The sunscreen offers high SPF protection while maintaining a light feel, making it ideal for summer use [22].

Core Insights - The article provides a comprehensive guide on selecting effective facial creams, focusing on three main needs: whitening, anti-aging, and moisturizing [1] - It features a list of ten recommended creams that cater to various skin types and seasonal requirements, combining domestic and international brands [1] Whitening Category - Recommended Product: Gu Yu Whitening Cream Pro, recognized as a leading domestic whitening product [2] - Core Advantages: The Pro version significantly enhances whitening and repair capabilities compared to the basic version, effectively replacing both whitening essence and repair cream [4] - Technology Insights: The cream utilizes Aurora Licorice, achieving a 99% purity level and a 3.4 times increase in transdermal absorption rate, resulting in an 86.62% reduction in melanin within 72 hours [6] Anti-Aging Category - Recommended Product: Gu Yu Mountain Ginseng Collagen Cream, noted for its high efficacy in firming and wrinkle reduction [12] - Core Technology: Contains rare ginsenoside CK, which promotes collagen production at a rate 3.5 times higher than traditional ingredients, effectively supporting sagging skin [12] - Suitable Demographic: Targeted at individuals over 25 experiencing skin sagging and dullness, with proven safety for sensitive skin [13] Moisturizing Category - Recommended Product: Gu Yu Whitening Cream Pro Moisturizing Version, designed specifically for dry skin [22] - Core Advantages: Combines whitening and moisturizing effects, maintaining a threefold whitening power while enhancing hydration [22] - Technology Insights: Features a three-tier moisturizing and whitening system, including high-purity Aurora Licorice and a new moisturizing barrier from peony root extract [23]

推荐一：谷雨光感水乳 适用肌肤：敏感肌、干性肌、轻熟龄肌、油性皮、混合皮 主打功能：提亮美白、保湿舒缓、强化屏障 水乳搭配，是护肤流程中最基础也最核心的一步。选对水乳组合，不仅能帮肌肤稳住健康状态，更能为 后续精华、面霜的吸收筑牢 "打底"，让护肤效果事半功倍。这份榜单精准聚焦不同肤质与护肤需求， 从实测体验、肤感表现到真实用户反馈多维度考量，为你推荐十款适配长期使用的优质护肤水乳组合。 美白类： 谷雨具备完全自主知识产权的核心美白原料"极光甘草" ，在抑黑美白上，它通过独家熔融结晶提纯技 术将光甘草定纯度拔高到 99%，四通路从源头到皮肤表层阻断黑色素生成，经SGS实测，极光甘草72h 使黑色素含量-86.62%，抑黑率高达115.54%。 在此前谷雨发起的极光甘草千人实测中，95.5% 用户证实肤色透白、色斑淡化，同时，SGS测试同步佐 证泛红减少99.51%，经表皮水分流失值降低21.17%，凭借卓越的温和性与屏障修护力，为脆弱屏障提 供修护级美白方案，成为敏感肌的 "美白救星"。 推荐二：娇韵诗牛奶水乳 肤感实测：温润如玉，油皮需控量 •化妆水是淡粉色啫喱状，拍在脸上像融化的冰淇淋，微微的奶香很治愈， ...

Core Insights - The company reported a revenue of 1.75 billion yuan and a net profit of 91.03 million yuan for the first half of 2025, showing resilience despite challenges in the photovoltaic industry [1] - Key segments such as home appliances and new energy vehicles experienced significant growth, with the home appliance segment achieving a revenue of 717 million yuan, up 14.08% year-on-year, and the new energy vehicle segment reaching 305 million yuan, up 61.02% year-on-year [1] - The company is expanding its global footprint by deepening partnerships with leading appliance manufacturers and targeting international clients [1] Business Performance - The company’s molten salt energy storage electric heater is the first commercial product of its kind in China, securing a significant market share and signing a nearly 100 million yuan development contract [2] - The pre-plated nickel materials business achieved a revenue of 94.07 million yuan, growing by 22.61% year-on-year, and has begun supplying well-known international cylindrical battery manufacturers [2] - The robotics sector is positioned for growth, with strategic partnerships aimed at developing advanced sensing technologies and thermal management systems [2] Strategic Outlook - The company is adopting a dual-driven model of "traditional business upgrade + emerging business breakthrough," with robotics expected to be a key growth engine over the next three years [3] - The alignment with national strategic directions and ongoing policy support positions the company favorably in the evolving market landscape [3] - The anticipated demand for flexible tactile sensors and electronic skin in the humanoid robotics sector is projected to reach 274 billion yuan by 2030, indicating a significant market opportunity for the company [2][3]

Core Viewpoint - Jingang Photovoltaic reported significant revenue growth in the first half of 2025, driven by successful overseas orders, despite a net loss due to industry cycle fluctuations [1][4] Group 1: Financial Performance - The company achieved operating revenue of 140 million yuan, a year-on-year increase of 169.02% [1] - The net profit attributable to shareholders was -282 million yuan, primarily impacted by industry cycle fluctuations [1] - The sales volume of photovoltaic products reached 318.90 MW, a year-on-year increase of 371.26%, indicating a significant improvement in capacity utilization [1] Group 2: Business Expansion and Product Development - Jingang Photovoltaic successfully expanded its overseas market presence, securing multiple orders from countries such as Germany, Morocco, and South Africa [1] - The company launched various new products, including high-efficiency solar cells and components, which received high recognition from customers [2] - The N-type monocrystalline heterojunction cell produced by the company achieved a conversion efficiency of 26%, with module power reaching over 735W [2] Group 3: New Business Ventures - The company entered the "computing power+" sector, establishing a subsidiary focused on cloud computing and data processing services [3] - A significant contract worth 399 million yuan was signed for providing computing power services over five years [3] - The initiative aims to create a second growth curve for the company, leveraging green energy and computing power [3] Group 4: Industry Outlook - The domestic photovoltaic industry is experiencing a rebound, transitioning from scale expansion to quality and efficiency improvement [4] - Industry price recovery has been observed, with materials like silicon and cells achieving price stability [4] - Jingang Photovoltaic is well-positioned to benefit from the industry's recovery and the ongoing development of its computing power business [4]

Core Viewpoint - Dongfang Electric Heating reported a significant improvement in its financial performance for the first half of 2025, with notable growth in revenue and net profit, driven by its strategic focus on various high-growth sectors such as home appliances, new energy vehicles, and robotics [1][2]. Financial Performance - The company achieved a revenue of 1.75 billion yuan and a net profit of 91.0026 million yuan in the first half of 2025 [1]. - Revenue in the second quarter increased by 55.96% compared to the first quarter, while net profit grew by 2.76% [1]. Business Segments - **Home Appliance Components**: Revenue reached 717 million yuan, marking a year-on-year increase of 14.08%, supported by strengthened partnerships with major appliance manufacturers like Gree, Midea, and Haier, as well as expansion into overseas markets with LG and Samsung [1]. - **New Energy Vehicle Components**: The segment saw revenue of 305 million yuan, a year-on-year increase of 61.02%, with net profit rising by 89.47% to 35.7522 million yuan [1]. - **Pre-plated Nickel Materials**: This segment generated revenue of 94.0659 million yuan, reflecting a year-on-year growth of 22.61% [2]. Strategic Initiatives - The company signed a strategic cooperation agreement with Shanghai Zhishi, a leading sensor company, to develop applications in robotics and pressure sensing, indicating a commitment to enhancing its product offerings in the robotics sector [2]. - Plans for the second half of the year include collaboration with flexible fabric sensor companies to develop a robot temperature control system, aiming to integrate into the intelligent robotics supply chain [2]. New Energy Equipment - Dongfang Electric Heating is actively expanding its market presence in molten salt energy storage and solid-state batteries, having signed contracts worth nearly 100 million yuan for the development of related heating equipment [2]. - The company aims to leverage its leading position in the molten salt storage industry to capture new orders amid favorable industry policies [2].

近几年，伴随着国内人口结构的剧烈变迁，以往作为母婴产业"第一大品类"的婴配粉赛道遭遇增长瓶 颈。婴配粉品牌亟须通过推出差异化产品，来强化自身的市场竞争力。而在这场迈向差异化的激烈角逐 中，A2蛋白奶粉、羊奶粉如今早已是品牌林立、产品繁多。在此背景下，头顶"奶中皇后"光环的娟姗 奶源，正逐渐成为各大乳企在存量市场中寻求增量机会的关键筹码。 据悉，塞纳牧娟姗有机奶粉采用100%娟姗有机生牛乳，其乳脂肪含量达普通奶源的1.5倍，奶味浓郁， 更符合宝宝的口感；此外其含有1.3倍乳蛋白、1.2倍高钙及更高微量元素，原生营养价值更高。 在此基础上，塞纳牧娟姗有机奶粉还兼顾行业领先的尊贵配方，其优越性主要表现在自护力、吸收力、 认知力三大方面。行业领先的7倍高纯度乳铁蛋白和6倍活性蛋白OPN，协同构建宝宝免疫防护；珍稀有 机OPO模拟母乳脂肪结构，守护肠道健康，有效促进关键营养吸收；18大活性脑营养群，促进宝宝脑、 眼、神经全面发育，助力智慧成长。 塞纳牧娟姗有机奶粉通过尊贵奶源锚定差异化坐标，再以多重营养保护突破配方天花板，最终实现了产 品竞争力的飞跃。 塞纳牧娟姗有机奶粉的推出，为消费者提供了高品质、差异化的选择，也以 ...

Core Viewpoint - The recent updates to the HarmonyOS version of Weibo have significantly enhanced social interaction and content creation experiences, introducing over ten new features including video cover support and sharing capabilities to WeChat Moments [1][9]. Group 1: Social Experience Enhancements - The messaging and group chat functionalities have been improved with a "Do Not Disturb" mode to prevent message overload, along with features for message recall and editing, and the ability to share current location easily [7]. - Users can now report inappropriate content quickly, ensuring a cleaner browsing experience [8]. - The Super Topic community has become more engaging, allowing users to chat online and participate in various discussions [8]. Group 2: Content Creation and Display Improvements - The introduction of HDR Vivid images enhances the visual quality of photos, providing richer color depth and better detail in light and shadow [3]. - New features for image publishing include a library of text stickers that can be resized and rotated, adding a fun element to posts [9]. - The live streaming feature has been upgraded for faster access and improved streaming quality, ensuring a more stable experience for users [9]. - The personal homepage now includes video cover support, allowing for a more personalized content display [9].

Core Viewpoint - Industrial Fulian has rapidly entered the "trillion club" within four months, becoming a leading player in the AI sector, showcasing a significant transformation from a low-profile company to a market leader driven by AI demand [1]. Phase Summaries Phase 1: Dormant Period - The Low-Key Progress of "Electronic King" - Since its listing in 2018, Industrial Fulian has maintained a stable performance but was undervalued with a price-to-earnings ratio around 10 times, reflecting its status as a mature manufacturing entity [2]. - By early 2023, the company held a 40% share of the global server ODM market, which went largely unnoticed by the market [2]. Phase 2: Explosive Period - AI Catalyzing Value Reassessment - The AI wave initiated by ChatGPT in early 2023 led to unprecedented global attention on computing power, positioning Industrial Fulian as a key partner of Nvidia [3]. - The revenue share from the cloud computing segment increased from 40% to 50% between 2022 and 2024, pushing overall revenue past 600 billion, marking a critical step in valuation reformation [3]. Phase 3: Ascension Period - The Graceful Dance of the Giant - From April 2025 onwards, Industrial Fulian experienced a "highlight moment" with significant improvements in product delivery and performance metrics for its GB200 product line [4]. - The compound annual growth rate (CAGR) for revenue from H1 2023 to H1 2025 is projected at 32%, while net profit CAGR is expected to reach 31%, demonstrating the company's strong profitability amid its AI transition [4]. - The synergy between product delivery and mid-year performance has propelled the company's market value towards the trillion mark, solidifying its status as a leader in the AI sector [4].

近年来，在技术突破与军事需求的共振效应下，国防科技创新的底层逻辑正在重塑，军工信息化、智能 化领域迎来加速发展。 构建独特"AI+"赋能体系，持续发力人工智能、算力领域 作为我国国防科技信息化领域的突出代表，观想科技始终站在技术创新的前沿阵地，勇于实现技术迭代 与创新突破。公司凭借在物联网、大数据、数字孪生等新一代信息化技术在国防建设创新应用的深厚积 累，将AI技术与JS需求深度融合，开创了"AI+军工"的创新发展模式。 目前，公司已成功构建独具特色的"AI+军工"核心业务模型：AI+军工=(AI+全寿命周期业务系统)+ (AI+数字孪生+智能装备)，创新性地将AI与全寿命周期业务系统、数字孪生技术有机结合，并形成独特 的"AI+军工"解决方案。据悉，该模型不仅能够用AI赋能整个装备管理业务体系，覆盖全业务场景，更 能直接应用于具象装备，实现装备的成本优势及高性能指标。 以AI+数字孪生+智能装备为例，公司通过中试平台与AI赋能两大抓手协同创新，实现从需求接入到报 告交付的全过程数字化管理，同时可快速根据BOM材料成本、制造成本、成品率、市场价格等数据进 行产品综合效益评估，最大限度降低批产成本，从而快速打磨 ...