Core Viewpoint - The article highlights the recognition of the Deqing freshwater pearl farming system as a Global Important Agricultural Heritage System (GIAHS) by the Food and Agriculture Organization (FAO) of the United Nations, marking a significant cultural and ecological achievement for China and the pearl industry [2][5][7]. Group 1: Historical Significance - The Deqing pearl system is the first freshwater aquaculture system in China to receive this honor and is the first globally recognized agricultural heritage centered around pearls [7]. - The system is described as a living cultural heritage, still actively practiced by local residents and serving as a primary economic source [7][10]. Group 2: Cultural and Technological Integration - The success of the Deqing pearl system is attributed to the efforts of "Pearl Grandpa" Shen Zhirong, who has dedicated 46 years to research and innovation, emphasizing the need for scientific advancement alongside cultural preservation [5][11]. - The brand Oushiman has emerged as a representative of the integration of pearl technology and beauty, reflecting a narrative of ecological, cultural, and technological coexistence [5][11]. Group 3: Research and Development - Oushiman has established a dual research center in Deqing and Hangzhou, with over 180 researchers, focusing on consumer research, basic research, and application research [13]. - The company has accumulated 151 patents and has developed four core technologies related to pearl processing, showcasing its commitment to innovation [13][14]. Group 4: Market Performance and Product Strategy - Oushiman's products, such as the second-generation Anxin Xiaobai tube, have achieved significant market success, with over 200 million units sold, indicating strong consumer demand [20][21]. - The brand's approach to product development is based on targeted solutions, utilizing extensive research on Asian skin genetics to create effective skincare products [14][23]. Group 5: Cultural Promotion and Sustainability - Oushiman aims to be a cultural translator and promoter of traditional ecological wisdom, integrating pearl culture into its brand strategy through various initiatives, including a pearl museum and educational programs [24][25]. - The company is also focused on sustainable practices, such as green manufacturing and low-carbon packaging, aligning with the ecological principles of the Deqing pearl system [25][26]. Group 6: Global Expansion and Future Outlook - Oushiman is expanding into Southeast Asia and the Middle East, promoting the dual narrative of Eastern pearl technology and modern skincare science [25]. - The brand's development reflects a global expression of traditional Chinese ecological wisdom, positioning itself as a leader in the skincare industry while fostering cultural heritage [26].

Core Viewpoint - The collaboration between LaFang and actor Ren Jialun aims to enhance the brand's image and reinforce its positioning as a "strong and resilient choice" in the hair care industry, leveraging Ren's positive public persona and professional achievements [1][3]. Group 1: Brand Collaboration - LaFang has appointed Ren Jialun as its new brand ambassador, emphasizing the theme "Hair shines, enjoy fragrance" to showcase its technological strength and brand warmth developed over more than 20 years in the hair care sector [1]. - The partnership is seen as a significant upgrade to LaFang's brand image and a demonstration of confidence in its product capabilities [3]. Group 2: Product Innovation - LaFang has introduced the "Hair Core Repair Series," which utilizes its self-developed "6th Generation Smart Peptide Hair Core Repair Technology" and incorporates Chinese ingredients like coffee elastic protein peptide [5][8]. - This technology allows for multi-dimensional precise repair of hair, making it resilient enough to withstand over one million physical stretches, earning a world record certification in March [8]. Group 3: Quality Assurance - LaFang is the first in the industry to adopt pharmaceutical standards in production and has established a fully integrated smart factory in collaboration with global companies like Siemens and Huawei [6]. - The company has created a nationally recognized laboratory for product quality testing, ensuring that "LaFang products" are synonymous with high quality [6]. Group 4: Consumer Engagement - The new product series not only strengthens hair but also addresses consumer needs for dandruff control and oil management, featuring fragrances inspired by traditional Chinese culture [10]. - LaFang aims to reach diverse consumer demographics through Ren Jialun's influence on social media, enhancing the recognition of the brand as a "national leader in hair care" [12].

Core Viewpoint - AVIC Shenyang Aircraft Corporation (中航沈飞) shows steady improvement in operational efficiency despite a decline in revenue, with significant growth in net profit and net profit excluding non-recurring items in 2024 [1][2][4]. Financial Performance - In 2024, the company achieved revenue of 42.837 billion yuan, a decrease of 7.37% year-on-year; net profit was 3.394 billion yuan, an increase of 12.86%; and net profit excluding non-recurring items was 3.373 billion yuan, up 15.88% [1][2]. - In Q4 2024, the company reported revenue of 17.540 billion yuan, a year-on-year increase of 50.99%; net profit reached 1.576 billion yuan, up 145.19%; and net profit excluding non-recurring items was 1.587 billion yuan, an increase of 159.39%, marking the highest figures for the same period in history [2]. Profitability and Cost Management - The company has maintained a continuous increase in net profit and net profit excluding non-recurring items for eight consecutive years from 2017 to 2024, with net profit growing 3.8 times and net profit excluding non-recurring items growing 8.14 times during this period [4]. - The gross profit margin has steadily increased from 9.95% in 2022 to 12.47% in 2024, while the operating costs decreased to 37.5 billion yuan, down 8.95% year-on-year, and selling expenses dropped significantly by 54.94% [1][4][6]. R&D and Technological Advancements - The company is recognized as a major research and development base for aviation defense equipment in China, with a strong competitive edge in the industry [6]. - From 2021 to 2024, the company invested a total of 3.13 billion yuan in R&D, with 3,732 R&D personnel, accounting for 22.90% of the total workforce [6]. Dividend Distribution - The company plans to distribute a cash dividend of 2.6 yuan per 10 shares, totaling 716 million yuan, which represents 32.48% of the annual net profit [5]. Future Financing and Projects - In March 2025, the company received approval for a capital increase of up to 4.2 billion yuan, aimed at funding various projects including the construction of a composite materials production line and enhancing aircraft maintenance capabilities [7].