Core Viewpoint - The company BaWang has faced multiple product quality issues, including recent non-compliance in a special inspection by the Guangzhou Market Supervision Administration, raising concerns about its product safety and regulatory adherence [1][2]. Group 1: Recent Inspection Results - BaWang's products were part of a special inspection involving 2066 batches of cosmetics, with 40 batches failing to meet regulations, including BaWang's "Black Sesame Softening Shampoo" due to excessive levels of preservatives [1]. - The specific non-compliance was related to the mixture of Methylchloroisothiazolinone and Methylisothiazolinone, which exceeded the allowed limit of 0.0015% [1]. Group 2: Historical Compliance Issues - This is not the first instance of BaWang facing product non-compliance; in 2022, the "Zunyan Clean Fragrance Shampoo" was penalized for not meeting the required active ingredient ratio, resulting in fines totaling 96,000 yuan [2]. - In 2010, BaWang was penalized for misleading advertising regarding its hair growth products, violating cosmetic regulations [2]. Group 3: Financial Performance - BaWang reported a net profit of 13.63 million yuan in 2023, but this figure is expected to drop by over 51% to approximately 6.6 million yuan in 2024 [3]. - For the first half of 2025, BaWang's revenue increased by 9.3% to 120.1 million yuan, yet the net profit plummeted by 328.93% to a loss of 2.77 million yuan, indicating ongoing challenges in profitability despite revenue growth [3].
又翻车！霸王洗护产品抽检不合格，霸王集团上半年亏损277万元