Core Insights - The beauty industry in China is experiencing significant changes, with a focus on high-end fragrance brands, domestic beauty brands' performance, and the integration of science and global strategies in the market [2][3][4][5][6][7]. Industry Environment - Douyin e-commerce has revitalized the perception of "Chinese good ingredients," showcasing natural components from local brands and enhancing consumer trust through expert endorsements and interactive marketing [3]. High-End Fragrance Market - The fragrance category is witnessing growth despite overall market pressures, with projections indicating the Chinese perfume market will reach 24.9 billion yuan by 2025 and exceed 33.9 billion yuan by 2028, reflecting a compound annual growth rate of 8% [4]. Domestic Beauty Brands Performance - In the first half of 2025, the domestic beauty market grew by 3.1%, with leading brands like Proya achieving 5.36 billion yuan in revenue, while others like Huaxi Biological faced challenges [5]. Globalization and Scientific Innovation - The second half of the domestic beauty market is expected to focus on scientific advancements, segmentation of consumer scenarios, and globalization strategies [7]. Medical Beauty and Cosmetic Integration - The medical beauty sector is projected to grow at a compound annual growth rate of 10%-15% from 2024 to 2027, with brands increasingly merging beauty and medical aesthetics to meet consumer demands for comprehensive care [10]. E-commerce and Brand Strategies - E-commerce operators in the beauty sector are facing challenges, with only one company, Ruoyu Chen, showing significant growth amidst a broader industry slowdown [14]. New Product Launches and Brand Collaborations - Major brands like L'Oréal are expanding into the fragrance market with new high-end products, while emerging brands like Huaxizi are innovating in skincare with a focus on traditional Chinese medicine [16][17]. Market Trends and Consumer Behavior - The beauty market is seeing a shift towards affordable and effective products, with brands needing to adapt to changing consumer preferences and the competitive landscape [12][25].

上美股份(02145)发布公告，根据本公司于2023年12月14日采纳的限制性股票单位激励计划，本公司于 2025年9月30日发行并配发3.52万股H股。 ...

格隆汇9月30日丨上美股份(02145.HK)公布，于2025年9月30日，根据限制性股票单位激励计划向五名承 授人授予合共51,130份限制性股票单位，指51,130股相关股份(于公告日期已发行股份总数的0.01%)。 ...

智通财经APP讯，上美股份(02145)发布公告，根据本公司于2023年12月14日采纳的限制性股票单位激励 计划，本公司于2025年9月30日发行并配发3.52万股H股。 ...

上美股份(02145)发布公告，于2025年9月30日，根据限制性股票单位激励计划向五名承授人授予合共 5.11万份限制性股票单位，指5.11万股相关股份(于本公告日期已发行股份总数的0.01%)。 ...

| 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02145 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | | 於下列日期開始時的結存(註1) | 2025年8月31日 | | 206,319,319 | | 0 | | | 206,319,319 | | 1). 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | | | 35,223 | 0.01707 % | | RMB | 1 | | | 而發 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 Shanghai Chicmax Cosmetic Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2145） 第四輪授出限制性股票單位 本公告乃由上海上美化妝品股份有限公司（「本公司」，連同其不時的附屬公司統 稱「本集團」）根據上市規則第17.06A、17.06B及17.06C條作出。茲提述本公司日 期為2023年11月23日、2023年11月24日、2024年6月28日、2024年9月30日及 2025年6月30日的公告以及本公司日期為2023年11月24日的通函（「該通函」），內 容有關限制性股票單位激勵計劃。除另有指明外，本公告所用詞彙與該通函所界 定者具有相同涵義。 於2025年9月30日，根據限制性股票單位激勵計劃向五名承授人授予合共51,130份 限制性股票單位，指51,130股相關股份（於本公告日期已發行股份總數的0.01%）。 授出限制性股票單位的詳情 1 上 ...

" 汇聚了1 0余位跨学科专家的集体智慧，系统梳理了肽类成分最新研究成果、作用机理及其在 功效护肤品中的创新应用。 "颜江瑛表示，"这 份年鉴不仅是学术与市场相结合的专著，作为 产、学、研协同创新的最新成果，为多肽类成分在化妆品行业的应用与发展提供了科学依据与 实践指南。 " 从IFSCC的高光，到EADV唯一国货，上美股份惊艳亮相欧洲"双会"，将最前沿的中国多肽护 肤科研成果推向了最前沿的国际舞台。 但这只是以环六肽- 9为代表的中国美妆自研技术成果，走向全球科技前沿舞台的开端。 在9月2 7日CAME化妆品创新发展前沿技术交流会上，上美股份发布《2 0 2 5韩束肽类研究与功 效护肤品应用年鉴》（以下简称《韩束多肽红宝书》），上美股份多肽科研再一次成为美妆行 业的焦点。 中国香料香精化妆品工业协会理事长颜江瑛 " 《2 0 2 5韩束肽类研究与功效护肤品应用年鉴》的发布是本次交流会的亮点之一。 "在CAME 上，中国香料香精化妆品工业协会理事长颜江瑛在发布现场，对《韩束多肽红宝书》给予高度 评价。 发，系统攻克了直链多肽稳定性低、易酶解、经皮渗透性差等应用难题。为高功效活性成分的 自主创新提供了从理论到实 ...

该行重点推荐悦己消费长期布局，推荐潮玩赛道及电子烟等板块，如泡泡玛特、布鲁可、思摩尔国际； 布局国货崛起演绎趋势，推荐美妆、个护赛道，如毛戈平、巨子生物、上美股份、上海家化等；关注政 策催化的受益板块，如内需政策支撑叠加旺季催化下的零售板块等。 中金发表报告指，2025年国庆中秋假期共计8天，叠加更加灵活的前后拼假策略，催生更为活跃的消费 窗口。拼假延长国庆高峰，出游景气度按年提升。另外，根据文旅部官网，各地将在消费月期间发放超 4.8亿元的消费补贴，该行认为将进一步增强居民消费意愿，带动假日消费扩容提质。 ...

Core Viewpoint - The 2025 CAME (China Aroma and Cosmetic Industry Annual Conference and Expo) held in Nanjing focused on "Technology, Brand, and Co-prosperity," showcasing over 500 brands and more than 1,000 new products, emphasizing the integration of government, industry, academia, research, and investment [2][5][38]. Group 1: Event Overview - The event featured high-quality, high-standard, and professional exhibitions, attracting leading beauty companies such as L'Oréal, Procter & Gamble, and Unilever, along with top raw material suppliers like BASF and DSM, creating an "all-star" lineup [5][10]. - CAME has evolved into a "core technology release conference" for domestic and international beauty brands and raw material companies, highlighting its significance in the industry [8][10]. Group 2: Technological Innovations - Numerous innovative technological achievements were showcased, with a strong emphasis on "Chinese-style innovation," including Proya's mitochondrial anti-aging technology and Shiseido's research on the hidden skincare benefits of fermented natto bacteria [10][11][17]. - Shanghai Jahwa introduced the industry's first non-invasive skin glycation quantification and imaging device, filling a gap in the cosmetic field [12]. Group 3: Industry Trends - The event highlighted a shift in the cosmetics industry from "scale expansion" to "value enhancement," with raw material innovation becoming a strategic pivot for this transformation [23][38]. - The demand for diverse consumer needs is pushing upstream supply chain companies to continuously innovate in technology research and scientific communication [23][26]. Group 4: Collaboration and Future Outlook - CAME serves as a bridge for collaboration among raw material suppliers, brands, distributors, and technology companies, accelerating technology transfer and commercial cooperation [34][37]. - The conference is viewed as a crucial opportunity for enhancing the global competitiveness of domestic brands, with a focus on high-quality innovation and development [38].