Lushang Freda Pharmaceutical (SH:600223) FBeauty未来迹·2025-06-03 11:21Core Viewpoint - The Chinese cosmetics industry is undergoing a high-quality transformation driven by "ingredients," with a focus on the active ingredient "10-Hydroxy-2-Decenoic Acid" (commonly known as Royal Jelly Acid) emerging as a significant innovation following Hyaluronic Acid [2][3]. Group 1: Research and Development Progress - On May 21-23, 2025, Furuida Bio Co., Ltd. publicly disclosed important research advancements regarding Royal Jelly Acid, showcasing a comprehensive approach from "synthesis process to efficacy research to application" [4][6]. - Royal Jelly Acid, a unique unsaturated fatty acid found in royal jelly, is considered a core indicator of royal jelly quality, with a content of only 1.4-2.4% [4][6]. - Furuida Bio has achieved breakthroughs in synthesizing Royal Jelly Acid through collaboration with Qilu University of Technology, resulting in high-yield production methods [6][10]. Group 2: Application and Market Potential - The successful development of Royal Jelly Acid not only breaks technical barriers but also enhances brand recognition, positioning it as a new key ingredient in China's raw material library [2][4]. - Furuida Bio's research has led to the discovery of Royal Jelly Acid's skin barrier protection and anti-aging effects, with the ingredient officially registered as a new cosmetic raw material in July 2024 [6][10]. - The upcoming launch of the "Jingyan Jinzhi" product line, featuring Royal Jelly Acid, is set for June 2025, indicating the ingredient's entry into the cosmetics market [22][24]. Group 3: Industry Implications - The transition from Hyaluronic Acid to Royal Jelly Acid reflects a collective awakening among domestic brands regarding ingredient development and value return [27][32]. - The competition for key active ingredients in the global cosmetics market has evolved into a "technology chip war," where mastery of core raw materials and innovative applications determines market leadership [28][29]. - The successful industrialization of Royal Jelly Acid represents a significant shift in the Chinese cosmetics industry's approach to ingredient science, emphasizing the importance of independent research and development [31][32].