【申万化妆品】26年1月抖音渠道重点国货GMV同比——基于蝉妈妈数据分析 上美股份：韩束+众子品牌1月合计GMV约6.6亿(+9%)； 1韩束品牌1月GMV约5.3亿(-3%)； 2NewPage一页1月 GMV约0.7亿(+120%）； 3极方取得0.1亿GMV，同比高速增长。 4聚光白1月取得0.1亿GMV，同比高增。 5安敏优1 【申万化妆品】26年1月抖音渠道重点国货GMV同比——基于蝉妈妈数据分析 上美股份：韩束+众子品牌1月合计GMV约6.6亿(+9%)； 1韩束品牌1月GMV约5.3亿(-3%)； 2NewPage一页1月 GMV约0.7亿(+120%）； 3极方取得0.1亿GMV，同比高速增长。 4聚光白1月取得0.1亿GMV，同比高增。 5安敏优1月取得0.3亿GMV，同比增长267%。 珀莱雅公司:三大品牌1月GMV合计3.5亿元(+2%）； 1主品牌珀莱雅1月GMV约2.8亿元(-2%)； 2彩棠品牌1月GMV0.3亿元(-12%）； 3OR洗护1月GMV0.3亿(+148%）。 丸美股份:两大品牌1月合计GMV2.6亿(+1%）。 1主品牌丸美1月GMV约1.8亿元(+5%）； 2恋火 ...

2月2日，水羊股份跌1.01%，成交额2.41亿元。两融数据显示，当日水羊股份获融资买入额2075.39万 元，融资偿还2223.87万元，融资净买入-148.48万元。截至2月2日，水羊股份融资融券余额合计3.89亿 元。 融资方面，水羊股份当日融资买入2075.39万元。当前融资余额3.89亿元，占流通市值的4.42%，融资余 额超过近一年70%分位水平，处于较高位。 融券方面，水羊股份2月2日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，低于近一年10%分位水平，处于低位。 资料显示，水羊集团股份有限公司位于湖南省长沙市岳麓区谷苑路390号1栋综合楼101-1，成立日期 2012年11月1日，上市日期2018年2月8日，公司主营业务涉及从事化妆品的研发、生产与销售。主营业 务收入构成为：水乳膏霜81.84%，面膜17.32%，其他(补充)0.84%。 截至12月31日，水羊股份股东户数2.80万，较上期减少6.67%；人均流通股12820股，较上期增加 7.14%。2025年1月-9月，水羊股份实现营业收入34.09亿元，同比增长 ...

证券代码：300740 证券简称：水羊股份 公告编号：2026-003 债券代码：123188 债券简称：水羊转债 水羊集团股份有限公司 一、向银行等金融机构申请授信额度及担保事项的概述 水羊集团股份有限公司（以下简称"公司""水羊股份"）经 2025 年 4 月 25 日及 2025 年 6 月 20 日召开的第三届董事会 2025 年第一次定期会议及 2024 年年度股东大会，分别审议通过了《关于公司 2025 年度为子公司担保额度预计 的议案》，根据公司发展计划，为满足子公司日常经营资金需要，降低融资成本， 提高资本营运能力，2025 年度公司及子公司拟向银行等金融机构申请不超过 30 亿元的综合授信额度，综合授信品种包括但不限于：短期流动资金贷款、中长期 借款、银行承兑汇票、保函、信用证、抵押贷款等。公司拟为子公司银行综合授 信内的融资提供不超过 30 亿元的担保额度，担保方式包括但不限于连带责任保 证、抵押、质押等。 公司股东大会授权公司管理层根据实际经营情况需要，在总额度内办理担保 事宜，上述总额度内的单笔担保不再上报董事会进行审议表决，由董事长确定并 1 执行。上述担保额度期限自 2024 年年 ...

长沙晚报掌上长沙1月29日讯（全媒体记者 徐运源）"从商标布局到品牌价值提升，给出了非常贴合我们需求的方 案。""帮我们排查出了潜在的侵权风险和机制漏洞，避免了可能发生的法律纠纷和品牌损失。"……近日，长沙市 知识产权局在岳麓科创港举办"商标品牌建设大家谈"之专家行专场沙龙活动，与会企业代表就一场持续大半年 的"深度服务"互动交流，谈收获给建议，气氛热烈。 这场名为"2025年长沙市商标品牌建设专家行"的服务活动，自启动以来便聚焦全市"4433"现代化产业体系及特色 优势领域企业，集结了一批来自省内外的商标服务专家，为21家企业提供了"一对一"的深度定制服务。活动不仅 为企业解决了一系列商标品牌领域的"急难愁盼"，更在探索一套知识产权公共服务的新模式。 从"个案解决"到"系统赋能"：深度问诊为企业个性化解难 商标制度是加强品牌法律保护、实现品牌市场价值、发挥品牌社会效益的基础保障。2025年，市知识产权局出台 《长沙市加强商标品牌建设三年行动方案（2025—2027年）》，商标品牌建设专家行服务是其中的重要内容，整 合知识产权局、知识产权保护中心、商标服务领域专家三方资源，以"精准问需、深度服务、系统赋能"为 ...

专家团上门，为企业商标品牌壮大"精准开方" 从个案解题到系统赋能，"长沙市商标品牌建设专家行"探索知识产权公共服务新模式 长沙晚报全媒体记者 徐运源 "从商标布局到品牌价值提升，给出了非常贴合我们需求的方案""帮我们排查出了潜在的侵权风险和机 制漏洞，避免了可能发生的法律纠纷和品牌损失"……近日，长沙市知识产权局在岳麓科创港举办"商标 品牌建设大家谈"之专家行专场沙龙活动，与会企业代表就一场持续大半年的"深度服务"互动交流时， 谈收获给建议，气氛热烈。 这场名为"2025年长沙市商标品牌建设专家行"的服务活动，自启动以来便聚焦全市"4433"现代化产业体 系及特色优势领域企业，集结了一批来自省内外的商标服务专家，为21家企业提供了"一对一"的深度定 制服务。活动不仅为企业解决了一系列商标品牌领域的"急难愁盼"，更在探索一套知识产权公共服务的 新模式。 商标制度是加强品牌法律保护、实现品牌市场价值、发挥品牌社会效益的基础保障。2025年，市知识产 权局出台《长沙市加强商标品牌建设三年行动方案（2025—2027年）》，商标品牌建设专家行服务是其 中的重要内容，整合知识产权局、知识产权保护中心、商标服务领域专家三 ...

Investment Rating - The report rates the cosmetics and medical beauty industry as "Overweight" for 2025, indicating an expectation for the industry to outperform the overall market [2][11]. Core Insights - The demand side of the cosmetics and medical beauty sector is expected to accelerate, with retail sales of cosmetics projected to reach 465.3 billion yuan in 2025, a year-on-year growth of 5.1%, surpassing the overall retail growth by 1.4 percentage points [3]. - The performance of Hong Kong-listed beauty companies is strong, with significant growth in GMV (Gross Merchandise Volume) through platforms like Douyin, particularly during promotional events like Double Eleven [3]. - The A-share market shows a mixed performance, with companies like Ruoyuchen and Shanghai Jahwa experiencing substantial improvements in their earnings [3]. - The e-commerce operation sector is rebounding, with companies like Ruoyuchen and Yiwang Yichuang expected to see profit growth exceeding 50% in 2025 [3]. - The medical beauty segment is anticipated to face slight fatigue due to macroeconomic factors, but new product launches are expected to stimulate consumer interest in 2026 [3]. Summary by Sections Cosmetics Sector - Retail sales of cosmetics are projected to grow by 5.1% in 2025, with Q4 growth reaching 9.9% [3]. - Key companies such as Shiseido and Lin Qingxuan are expected to see significant GMV growth, with Lin Qingxuan projected to achieve triple-digit growth [3]. - Investment recommendations include companies with strong channel and brand matrices like Maogeping, Shiseido, and Lin Qingxuan, as well as those with improving earnings like Porlaia and Marubi [3]. Medical Beauty Sector - The medical beauty sector is expected to be impacted by macroeconomic conditions, with companies like Aimeike facing challenges [3]. - Recommendations focus on companies with strong R&D capabilities and broad product pipelines, such as Aimeike and Langzi [3]. E-commerce and Operations - The e-commerce operation sector is recovering, with companies like Ruoyuchen and Qingmu Technology expected to see significant profit growth [3]. - The report highlights the importance of self-operated brands and the potential for high growth in this segment [3]. Key Company Valuations - The report provides a valuation table for key companies, indicating a "Buy" rating for several firms including Porlaia, Maogeping, and Shiseido, with projected PE ratios reflecting growth expectations [5].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300955 | 嘉亨家化 | 41.47 | 6.88% | 7.39万 | 3.03亿 | | 002094 | 青岛金王 | 8.24 | 3.00% | 56.99万 | 4.67亿 | | 300886 | 华业香料 | 28.45 | 0.28% | ● 1.75万 | 4908.73万 | | 300132 | 青松股份 | 8.74 | 0.23% | 18.35万 | 1.59亿 | | 300849 | 锦盛新材 | 18.82 | -0.42% | 3.14万 | 5833.82万 | | 300740 | 水羊股份 | 23.52 | -0.84% | 8.71万 | 2.04亿 | | 300957 | 贝泰妮 | 42.67 | -0.88% | 5.30万 | 2.25亿 | | 603605 | 班菜雅 | 72.50 | -1.05% | 4.33万 | 3.13亿 | | 300856 | 科思股份 | 13.8 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603630 | 拉芳家化 | 22.51 | -4.78% | 6.37万 | 1.45亿 | | 600315 | 上海家化 | 22.38 | -4.64% | 14.31万 | 3.24亿 | | 300740 | 水羊股份 | 23.72 | -3.58% | 15.25万 | 3.66亿 | | 300955 | 嘉亨家化 | 38.80 | -3.15% | - 3.76万 | 1.46亿 | | 300132 | 青松股份 | 8.72 | -2.46% | 25.95万 | 2.28亿 | | 300856 | 科思股份 | 13.97 | -2.31% | 8.37万 | 1.18亿 | | 300849 | 锦盛新材 | 18.90 | -2.28% | 3.62万 | 6821.46万 | | 920123 | 芭薇股份 | 15.72 | -2.24% | 1.53万 | 2404.55万 | | 002094 | 青岛金 ...

Investment Rating - The report maintains a "Positive" outlook on the cosmetics and medical beauty industry, indicating strong performance compared to the market [2]. Core Insights - The cosmetics and medical beauty sector has outperformed the market recently, with the Shenwan Beauty Care Index rising by 2.0% from January 16 to January 23, 2026, surpassing the Shenwan A Index by 0.8 percentage points [4][5]. - December 2025 saw a significant increase in social retail sales for cosmetics, reaching 38 billion yuan, with a growth rate of 8.8%, indicating robust demand even in the off-season. The overall growth rate for Q4 was 9.9%, significantly higher than the annual growth of 5.1% for 2025, driven by promotional events like Double 11 [10][17]. - The report anticipates continued high consumer demand in Q1 2026, supported by new product launches and regulatory approvals in the medical beauty sector [10]. Summary by Sections Industry Performance - The cosmetics and medical beauty sector has shown strong performance, with the Shenwan Cosmetics Index increasing by 2.6% and the Shenwan Personal Care Index rising by 4.2%, both outperforming the Shenwan A Index [4][5]. Key Company Reviews - Lin Qingxuan (2657HK) is highlighted as a benchmark in the high-end domestic skincare market, with revenue projected to grow from 690 million yuan in 2022 to 1.21 billion yuan in 2024, representing a CAGR of 32.7%. The company is expected to turn a profit of 187 million yuan in 2024, a 120% increase year-on-year [11][12]. - Langzi Co., Ltd. (002612.SZ) forecasts a net profit of 900 million to 1.05 billion yuan for 2025, reflecting a year-on-year growth of 245.25% to 302.80% [4]. - Qingsong Co., Ltd. (300132.SZ) anticipates a net profit of 130 million to 165 million yuan for 2025, with a growth rate of 137.73% to 201.74% [4]. Market Trends - The report notes that the high-end skincare market is expanding, with the market size expected to reach 218.5 billion yuan by 2029. The concept of "oil-based skincare" is becoming mainstream, driving growth in the facial oil segment, which is projected to grow at a CAGR of 42.8% from 2019 to 2024 [12][14]. - E-commerce channels are increasingly important, with Lin Qingxuan achieving a 65.4% online revenue share in H1 2025, leveraging platforms like Douyin and Tmall for growth [13]. Sales Data - In December 2025, the total retail sales of cosmetics reached 38 billion yuan, with a year-on-year growth of 8.8%. The overall retail sales for cosmetics in 2025 were 465.3 billion yuan, reflecting a 5.1% increase [17][21].

证券日报网讯 1月23日，水羊股份发布公告称，公司于近日接到公司实际控制人戴跃锋先生的通知，戴 跃锋先生对其持有公司的部分股份办理了解除质押及新增质押手续，本次解除质押股份数量合计18， 800，000股，本次质押股份数量合计9，290，000股。 （文章来源：证券日报） ...