Group 1 - The core viewpoint of the article is that 毛戈平 maintains a "buy" rating due to its strategic partnership with global consumer investment giant 路威凯腾, which will assist in expanding overseas high-end channels and establishing a beauty industry investment fund [1] - 毛戈平 signed a strategic cooperation framework agreement with 路威凯腾 on January 7, focusing on global market expansion, acquisitions, strategic investments, capital structure optimization, talent introduction, and governance [1] - 路威凯腾 will leverage its global investment layout and strategic partner network to help 毛戈平 expand its overseas high-end retail channels and jointly establish an equity investment fund focused on the global high-end beauty sector [2] Group 2 - 路威凯腾 has extensive investment experience in the global consumer goods sector, managing approximately $39 billion in equity capital and having invested in over 300 well-known consumer brands globally [2] - 毛戈平 has shown strong sales performance in 2025, with a 32% year-on-year increase in sales across major platforms, with notable growth on 抖音 (50%) and 京东 (70%) [3] - The company is reinforcing its high-end beauty positioning, with a new skincare series set to launch in December 2025 [3]