Core Viewpoint - The article discusses allegations of potential fraud regarding the collagen content in a product from Juzhibio, specifically questioning the accuracy of the ingredient labeling and the detection methods used to measure collagen levels [1][2]. Group 1: Allegations and Testing - A social media influencer raised concerns about the collagen content in Juzhibio's product, claiming that the detected amount of collagen was significantly lower than what was stated on the label [1][2]. - The influencer used high-precision HPLC amino acid quantification methods and reported that the detected collagen content was only 0.0177%, while the product label suggested that collagen should be present in amounts greater than 0.1% [2]. - The influencer highlighted that glycine, a key amino acid in collagen, was not detected in the sample, which contradicts established knowledge that glycine constitutes one-third of collagen's amino acid residues [2]. Group 2: Company Response - In response to the allegations, Juzhibio's brand, Kefu Mei, issued a statement asserting that multiple tests conducted in accordance with industry standards showed collagen content exceeding 0.1% [5][7]. - The company provided testing results from five samples taken on May 24, showing collagen levels of 0.27% to 0.28% [7]. - Kefu Mei criticized the influencer's testing methods as not being recognized by industry standards and claimed that the influencer did not request the original collagen raw materials for testing [9]. Group 3: Background and Financial Performance - Juzhibio, known as the "first stock of recombinant collagen," has rapidly grown to become the largest beauty and skincare company in Hong Kong by market capitalization, reaching HKD 82.1 billion as of May 23 [11]. - The company's revenue for 2024 was reported at CNY 5.539 billion, reflecting a year-on-year growth of 57.17%, while net profit reached CNY 2.062 billion, up 42.06% [14]. - The founders of Juzhibio recently became the richest individuals in Shaanxi province, with a combined stock value exceeding CNY 45 billion [13].

Core Viewpoint - The article emphasizes the cultural and historical significance of the Forbidden City, highlighting its architectural beauty and the rich history behind each artifact, while promoting a comprehensive book that encapsulates the essence of this heritage [12][18][75]. Group 1: Historical and Cultural Significance - The Forbidden City is not just an architectural marvel but a living history of Chinese civilization, containing 186 million artifacts that reflect the aesthetic and artistic achievements of ancient China [15][18]. - Each artifact in the Forbidden City tells a story, from the emotional tributes of emperors to the artistic expressions of various dynasties, showcasing the depth of Chinese culture [6][12][111]. - The article critiques the portrayal of the Forbidden City in media, suggesting that it often oversimplifies or distorts its rich history, leading to misconceptions among younger generations [14][15]. Group 2: The Book Promotion - The article introduces a unique book titled "The Most Beautiful Forbidden City," which compiles treasures from four major palaces, offering a visual and educational experience of Chinese art and history [27][38][115]. - This book features over 400 artifacts, paintings, and architectural details, aiming to provide readers with an immersive understanding of Chinese aesthetics and cultural heritage [49][115]. - The promotional offer includes a significant discount, making the book accessible for a broader audience, along with exclusive gifts for early purchasers [66][71][160]. Group 3: Visual and Aesthetic Experience - The book is designed to provide a high-quality visual experience, with large format pages and meticulous attention to detail, allowing readers to appreciate the beauty of each artifact [142][146]. - It includes rare long fold-out pages and high-definition reproductions of famous artworks, enhancing the reader's engagement with the content [148][151]. - The article suggests that owning this book is not just about reading but about experiencing and preserving the essence of Chinese art and culture for future generations [36][71][75].

Core Viewpoint - The article emphasizes the significance of drones as an ideal gift for children, highlighting their educational benefits and the excitement they bring in exploring technology and aviation [1][3]. Group 1: Industry Overview - The drone industry has seen a surge in applications across various sectors, including land surveying, delivery services, and film production [7]. - There is a growing trend in China for obtaining drone licenses, indicating increased interest and participation in the drone market [9]. - Chinese manufacturing capabilities in the drone sector are recognized globally, showcasing impressive technological advancements [5]. Group 2: Product Features - The MHD H21 handheld drone is presented as a durable and affordable option for children, designed to withstand rough handling and crashes [13][19]. - The drone features high-impact resistant materials and a fully enclosed propeller design, enhancing safety for young users [22][27]. - It offers various functionalities, including 360° flips, trajectory flying via a mobile app, and real-time image sharing, making it engaging for children [41][48][50]. Group 3: Pricing and Promotions - The MHD H21 drone is competitively priced at 159 yuan for a dual battery version and 179 yuan for a triple battery version, significantly lower than similar products on the market [38][85]. - A promotional offer includes a one-year free replacement warranty for non-human damage and a 30-day return policy for accidental damage [78][80]. Group 4: User Experience - The drone is designed for ease of use, allowing children as young as 14 to operate it with minimal instruction [66][70]. - It includes features that enhance the flying experience, such as automatic obstacle avoidance and adjustable camera angles for versatile photography [46][54].

2022年至2024年，乐自天成分别实现收入4.6亿元、4.82亿元、6.3亿元。与泡泡玛特不同的是，乐 自天成主打授权IP产品的开发及销售。该公司授权IP蜡笔小新相关产品2022年至2024年GMV（商 品交易总额）超6亿元，占2022年至2024年三年总收入比重近40%。 在行业激烈竞争格局下，如何多元布局授权IP、授权IP和自有IP如何平衡、自有IP产品如何提升市 场占有率等，或许是乐自天成需要思考的问题。 01 授权IP营收占比逐年提升 根据灼识咨询，按2024年国内市场GMV计算，乐自天成在国内多品类IP玩具公司中排名第二位。乐 自天成提供如静态玩偶、可动玩偶、发条玩具、变形机甲及拼装玩具等多品类不同形态产品。 IP方面，乐自天成产品IP主要分为授权IP（如猫和老鼠、蜡笔小新）和自有IP（如猛兽匣变形机 甲、胖达幼）。截至2024年末，乐自天成授权IP为80个，自有IP为35个。截至2025年5月19日，乐 自天成SKU（最小存货单位）数量近2800个。 来源|中国证券报 5月22日，乐自天成（又称"52TOYS"）向港交所递交招股书，计划赴港上市。这是继泡泡玛特、布 鲁可之后，又一家奔赴港股的知名 ...

核心提示： 1 、有用户在打完司美格鲁肽减肥针后，出现肠胃不适、发冷、月经不调、甚至是心率加快等副作用。 2 、减肥针并不适合所有有人，以司美格鲁肽为例，是针对体重 BMI>30 的，或者 BMI>27 且同时伴有胰岛素抵抗或高血糖或高血脂之类疾病的人 群，且未成年，以及甲状腺、胰腺有问题人群不能使用。 3 、减肥针不是 " 神药 " ，医生也会反复叮嘱饮食 + 运动是瘦身的根本，减肥针只是辅助。 4 、虽然减肥针虽然有各式各样的副作用，但多家药企已经靠此赚得盆满钵满。 01 打了三针，就赶紧停了 "还是停针吧。"医生的话让王艳松了一口气。 只是去医院检查的王艳，在医生的推荐下，花费 1900 元购买了一支 1.7mg 剂量的司美格鲁肽。 按照医嘱，她需要每周注射一次，连续六周。"配合控制饮食，三个月预计能减 20 斤"——医生的承诺让她心动不已。 然而第一针下去，不良反应就出现了。 她记得很清楚，第一针是在晚饭前注射的，第二天她就感受到了明显的胃胀，食欲大减。"吃一点就饱了，到了饭点也没啥饿的感觉。"更难受的是接 踵而来的腹泻和腹胀，这些症状持续了 5-6 天才逐渐缓解。 2025 年 3 月，她怀着期待将 ...

来源|财联社 近几日，随着穆迪下调美国主权信用评级、新的支出法案对联邦赤字的潜在影响不明，"抛售美国"的论调卷土重来、并暴击了美国资产。 目前，这种情绪正在国际投资者中日益高涨。本月摩根大通全球市场会议（JPMorgan Global Markets Conference）对来自45个国家的投资者进行 了调查，结果显示他们倾向于看好欧洲， 36%的人预计欧洲股市将在2025年成为表现最好的资产。 相比之下， 只有17%的人押注美国股市将占据主导地位。 小摩的一个分析师团队在一份报告中写道："人们对美国经济前景的看法不一，尽管衰退不再是基本预期，但投资者对经济增长的看法也不像风险市 场交易所显示的那样乐观。" 这份调查了来自45个国家的700名投资者的报告，进一步表明，在美国市场多年表现优异后，全球投资者对美国市场变得谨慎起来。 与此同时，高盛也表示，美国大型股今年的表现将再次跑赢大盘。该行表示，自2023年以来，所谓的"科技七巨头"一直是标准普尔500指数的主要增 长引擎，它们目前的估值较低，投资者将倾向于这种估值。 02 不确定性犹存 不过就目前来看，不确定性将继续存在，直到市场对利率、衰退可能性、贸易协议 ...

Core Viewpoint - The article discusses the significant decline in the wealth of Jian Jun, the leader of Aimeike, a prominent player in the medical beauty industry, highlighting the challenges faced by the company amid increasing competition and changing market dynamics [2][3]. Group 1: Wealth Decline of Jian Jun - Jian Jun's wealth has decreased from 525 billion yuan in 2023 to 220 billion yuan in 2025, a loss of 305 billion yuan over two years [2][3]. - Aimeike, under Jian Jun's leadership, has become a leading company in the medical beauty sector, forming a competitive landscape with Huaxi Biological and Haohai Biological, known as the "three swordsmen of hyaluronic acid" [2][3]. - Despite previous high growth rates, Aimeike's revenue and net profit growth have slowed to single digits in 2024, with both metrics turning negative in Q1 2025 [2][10]. Group 2: Aimeike's Business Performance - Aimeike's revenue surged by 104.13% in 2021, reaching 1.448 billion yuan, with net profit increasing by 117.81% to 958 million yuan [10]. - In 2023, Aimeike's revenue reached 2.869 billion yuan, and net profit was 1.858 billion yuan, but growth rates fell to 5.45% and 5.33% respectively in 2024 [11]. - The company's gross margin has also declined, from 95.09% in 2023 to 93.85% in Q1 2025 [11]. Group 3: Strategic Moves and Acquisitions - In March 2025, Aimeike announced plans to acquire 85% of South Korean REGEN Biotech, Inc. for 1.9 billion USD, aiming to enhance its international presence and product offerings [12][13]. - The acquisition is seen as a strategic move to solidify Aimeike's leading position in the injectable product market and to drive future growth [13][14]. - Analysts believe that this overseas acquisition could provide new growth opportunities for Aimeike amid a challenging domestic market [12][13].

Core Viewpoint - The article discusses the challenges faced by Walmart and other U.S. retailers due to increased tariffs, leading to layoffs and potential price hikes for consumers as they navigate cost pressures and competition in the retail sector [1][2][3]. Group 1: Walmart's Response to Tariffs - Walmart plans to lay off approximately 1,500 employees as part of a restructuring effort to reduce costs amid rising tariff pressures [3]. - The company has already made cuts earlier in the year and is adjusting its organizational structure to better compete with e-commerce rivals like Amazon [3][4]. - Walmart's CEO indicated that while the company and its suppliers are absorbing some tariff costs, the scale of the tariffs makes it impossible to fully offset them [4]. Group 2: Impact on Consumer Prices - Consumers in the U.S. are likely to see price increases starting from late May, with some items already experiencing price hikes of over 20% since February [5]. - The article highlights that a significant portion of Walmart's imported goods comes from China, which exacerbates the cost pressures due to tariffs [4][5]. - Analysts predict that overall food prices in the U.S. will rise by 2.6% over the next three years due to increased tariffs, with grocery prices expected to increase by 2.7% this year [7][8]. Group 3: Consumer Sentiment and Economic Outlook - Consumer confidence in the U.S. has dropped to its lowest level since June 2022, indicating growing concerns about the economy [8]. - The article notes that high inflation and interest rates could dampen consumer spending, which is crucial for the U.S. economy [7][8]. - Retail giants are attempting to mitigate the impact of tariffs by negotiating with suppliers and adjusting product offerings, but the pressure on prices remains significant [6][7].

来源 | 凤凰网财经《IPO观察哨》 在今年赴港上市热潮里，形形色色的公司各展其态。一些企业初看业务架构，颇具亮点，但细究招股书，便会发现语言包装下的商业本质，没有那么 大的想象力。 快驴科技，或就算是其中一个。 资本市场的 "双碳 " 风口，催生了绿色出行赛道的新故事。在招股书里，快驴科技的自我定位是 " 短距离绿色出行科技综合服务商 " ，巧妙运用 " 绿色转型 " 与 " 科技创新 " 的双重叙事，来提升估值想象空间。 然而穿透其商业实质，核心业务实际上是给双轮 / 三轮电动车 "换电池 " ，公司的诞生和经营业绩，都和电池行业龙头 " 超威集团 " 紧密相连，左 手从超威集团进货，右手给客户换电池，更像是超威集团的分销商，而不是独立运营的科技企业。 双轮电动车，是外卖小哥们的 " 作战铠甲 " ，也支撑起了为他们服务的快驴科技的业绩。 2024 年，快驴科技收入达 16.31 亿元，持续上涨，不过 毛利率仅 4.1% 、净利润率仅 0.5%，被调侃利润不如卖煎饼 。 目前，超威集团年营收 500 多亿元，市值 14 亿元人民币。快驴科技 高度依赖超 威集团单一供应商的商业模式，是快驴科技 IPO 路上 ...

当地时间周五，美股市场沉浸在一片跌势之中，三大指数集体收跌，热门科技股更是普跌明显。道琼斯工业指数当日收盘跌幅达到 0.61%，纳指则大 幅下挫 1%，标普 500 指数亦未能幸免，收跌 0.67%。 在科技股的表现上，苹果公司股价受特朗普关税威胁言论影响，跌超 3%，英伟达、微软、谷歌、Meta 等科技巨头也纷纷走低，跌幅均超 1%。 与之形成对比的是，纳斯达克中国金龙指数收涨 0.05%，不过本周累计仍下跌 2.64%。热门中概股涨跌互现，哔哩哔哩涨超 3%，蔚来跌超 1%，小 鹏汽车跌超 2%，而名创优品则遭遇重挫，跌幅超 17%。 北京时间凌晨两点，美国总统特朗普在白宫发表讲话，再度展现其强硬的贸易立场，明确表态要对欧盟加征关税。 他直言，美国政府计划对欧盟输美商品加征 50% 关税，目的在于促使欧洲制造业企业将生产基地迁移至美国境内。 特朗普强调，当前美国无意与欧洲缔结新的贸易协议，企业若想规避高额关税，唯一途径便是在美国设厂，"如果他们在这里建工厂，可以讨论延 期。" 同时，他还提及美国财政收入已逼近 12 万亿美元，创下历史新高，并声称此举旨在激励制造业回流，推动就业增长。 不仅如此，特朗普将关 ...