当美妆行业仍在功效护肤赛道激烈厮杀时，国货美白龙头谷雨试图以科研创新撕开新的增长切口。 这一技术突破恰逢抗老市场爆发期。 据新华网与魔镜洞察联合报告，2025 年上半年美妆护肤市场中，抗衰老品类销售额达 654.9 亿元，同比增长 30.3%，其中身体抗衰增速高达 283.9%， 消费者需求正从面部局部向全身、从基础护理向基因级干预升级。 孙婉秋摄 踩中市场痛点，抢占高端抗老赛道先机的背后是谷雨多年在科研端的发力。 孙婉秋摄 近日，谷雨生物科技集团股份有限公司（下称"谷雨"）举办了首场科研战略发布会，推出专利抗老原料"类人源外泌素 HME"，其不仅填补了细胞基因 级抗老领域的技术空白，还以三大自主原料构建起全产业链科研壁垒。 这一动作背后，是这家年GMV突破50亿元的国货品牌，在冲刺上市的关键期，向市场证明其"渠道爆款"下的"科研驱动"内核。 此次发布的 "类人源外泌素HME"，是谷雨继光甘草定、稀有人参皂苷 CK 后，第三个具备完全自主知识产权的核心原料，也是其科研实力的集中体 现。 作为一种基于体外仿生技术合成的人工外泌体，该原料规避了人源外泌体携带风险因子、提取工艺缺陷等行业痛点，通过"取其精华" 的思 ...

公司报告 | 半年报点评 太极集团（600129） 证券研究报告 库存消化影响下业绩承压，优化营销架构 事件 2025H1 公司实现收入 56.6 亿元，同比-27.6%；归母净利润 1.39 亿元，同 比-71.9%；扣非归母净利润 1.20 亿元，同比-74.5%。单季度看，2025Q2 公 司实现收入 28.3 亿元，同比-21.6%；归母净利润 0.64 亿元，同比-74.1%； 扣非归母净利润 0.39 亿元，同比-84.4%。 点评 库存消化影响下业绩承压 2025H1，公司医药工业实现销售收入 28.42 亿元，同比-44.03%，其中呼吸 系统/消 化及 代谢/ 神经系 统/ 大健康 产品/ 心脑 血管用 药分 别同比 -44.69%/-45.83%/-8.72%/-23.17%/-33.91%，核心产品急支糖浆、太极藿香 正气口服液均出现下滑；医药商业实现销售收入 33.72 亿元，同比下降 9.87%；中药材资源板块实现销售收入 4.93 亿元，同比增长 0.55%；大健康 及国际业务实现销售收入 0.95 亿元，同比下降 64.15%。公司营业收入和利 润下降主要受相关政策以及部分产品社 ...

Group 1: Company Overview and Performance - The company, Guangdong Yiduoli Biotechnology Co., Ltd., focuses on two main sectors: animal feed and industrial enzyme products [1][2] - In 2024, the company expects to produce 41,533 tons of biological enzyme preparations, with sales reaching 42,383 tons, resulting in a sales rate exceeding 100% [8] - The sales proportion of the top five customers in 2024 is 13.75%, with domestic and international market shares at 67.59% and 32.41% respectively [8] Group 2: Market Expectations and Product Development - The company anticipates stable growth in both domestic and international markets for its industrial enzyme products, which cover various applications including bioenergy and food [2][7] - New product developments include biodegradable enzymes for environmental applications, with R-PET enzyme currently in the conversion stage [6][7] - The company has developed a high-yield strain of calcium propionate to replace traditional chemical synthesis methods, with ongoing optimization of previously developed products [3] Group 3: Risk Management and Financial Health - The company maintains a focus on asset quality, with no current pressure for asset impairment due to proactive management and dynamic assessments [4][5] - A customer credit evaluation system is in place to manage accounts receivable risks, while dynamic inventory management helps mitigate stock depreciation [4] Group 4: Strategic Initiatives and International Expansion - The company is expanding its international presence, with a completed German subsidiary and a planned Brazilian subsidiary to enhance market opportunities [7][9] - The company is committed to enhancing its marketing network and local brand development in overseas markets [7][9] Group 5: Competitive Landscape and Regulatory Environment - The company is positioned to benefit from the "antibiotic-free" policy in the feed industry, with plant extracts gaining market traction despite higher costs compared to antibiotics [6] - The company faces some pressure from market demand fluctuations in the domestic livestock industry, but expects growth as the industry recovers [6]

Core Insights - The article emphasizes the transformation of China's automotive industry from traditional fuel vehicles to leading the global market in electric vehicles, showcasing a strategic shift that has allowed Chinese brands to gain competitive advantages in the new energy vehicle sector [1] - The narrative extends to the infant formula sector, where Chinese brands are also moving away from passive competition to actively setting higher standards and improving product quality, thus entering a new competitive landscape [1] Internationalization Strategy - The entry of Chinese infant formula brand Jinlingguan into the Hong Kong market marks a significant milestone, positioning it as the first domestic brand to partner with local health retail chain Mannings, symbolizing a quality representation of Chinese infant formula on the international stage [4] - Jinlingguan's success in Hong Kong is not merely about product export but serves as a hub for broader international market penetration, enhancing the global value chain of Chinese dairy products [8] Research and Development - Jinlingguan focuses on developing proprietary formulas tailored to the nutritional needs of Chinese infants, utilizing extensive research on breast milk composition across 77 cities in China, resulting in over ten million data samples [9][11] - The brand's commitment to local innovation and adaptation allows it to compete effectively on a global scale, demonstrating the capability of Chinese infant formula companies to provide solutions that meet international demands [13] Building Trust - Trust is a critical factor in consumer choice, with Jinlingguan emphasizing transparency in production processes and inviting consumers to visit factories, thereby fostering a strong bond of trust with customers [16] - The brand's approach to customer engagement and support networks enhances its reputation as a reliable partner for families, contributing to positive consumer perceptions and satisfaction [14][16] Conclusion - Jinlingguan exemplifies the evolution of Chinese infant formula companies from followers to leaders, signaling a shift towards international competitiveness through innovation, quality, and consumer trust [18] - The ongoing international expansion of Chinese infant formula brands is expected to reshape the global market dynamics, providing a reference model for other consumer goods industries [18]

Core Insights - The event highlighted the achievements of Chinese scientists in overcoming technological challenges and contributing to green development in various industries [1][2][3] Group 1: Steel Industry - The chief expert from Shougang Group, Qinggele Jirigele, shared her journey in low-carbon ironmaking, leading her team through over 500 experiments to improve the quality and structure of iron ore, which has become a significant example for green development in the steel industry [1] - The team received two national awards for metallurgical science and technology, showcasing the importance of innovation in traditional industries [1] Group 2: Advanced Materials - The R&D director of Yuyuan Metal Composite Materials, Nie Junhui, discussed the breakthrough in domestic microcrystalline silicon aluminum, which was previously reliant on imports and restricted for military use. After over 300 experiments, the team developed a product that is one-third the price of foreign alternatives and has a supply cycle of just two months [2] - This material is now widely used in critical applications such as remote sensing cameras and advanced military aircraft, demonstrating the potential for domestic innovation in high-tech fields [2] Group 3: Environmental Innovation - The deputy general manager of Beijing Municipal Road and Bridge, Cui Li, presented a project that transforms daily sewage into materials for road construction. After facing numerous challenges, including over 130 failures and 200 adjustments, the team successfully created an odorless dried sewage road [2] - This initiative reflects the commitment to sustainable practices and innovation in urban infrastructure development [2] Group 4: Educational Impact - The event served as an inspiration for students, emphasizing the importance of aligning academic research with industry needs to enhance future contributions to the field [3] - Young researchers were encouraged to focus on national and industry demands in their work, reinforcing the role of education in fostering innovation [3]

Core Viewpoint - The "China-Spain Innovation Day: Materials Science Seminar" held in Spain signifies a collaborative effort between China and Spain to address global scientific challenges and explore future cooperation opportunities in materials science [1][5]. Group 1: Event Overview - The seminar was organized by the Chinese Embassy in Spain, the Chinese Ministry of Science and Technology, the Spanish Ministry of Science, Innovation and Universities, and the Spanish National Research Council [1]. - Nearly a hundred participants, including renowned scientists, representatives from research institutions, and industry professionals from both countries, attended the event [1]. Group 2: Key Participants and Contributions - Chinese Ambassador to Spain, Yao Jing, and Vice Minister of the Chinese Ministry of Science and Technology, Qiu Yong, were present and delivered speeches at the seminar [3][5]. - The seminar featured in-depth discussions among experts from both countries regarding future cooperation directions and the forefront developments in materials science [5]. Group 3: Outcomes and Future Cooperation - Two cooperation memorandums were signed by representatives from both sides during the seminar [5]. - Participants expressed that the seminar demonstrated the commitment and actions of both countries to tackle global scientific challenges, paving the way for new cooperation in research innovation, talent exchange, and results transformation [5].

Core Viewpoint - The article discusses the preliminary results of the 2025 National Science and Technology Awards, highlighting significant advancements in various technological fields, particularly in polymer materials, batteries, and semiconductor materials, with numerous companies and research institutions participating in innovative projects [1][2][3]. Summary by Categories Polymer Materials - A total of 60 projects related to polymer materials have passed the preliminary evaluation, including key technologies for low-carbon recycling of plastic waste and high-performance polyamide 66 industrial yarns [1][3]. - Companies like Jinfa Technology and Dongfang Yuhong are involved in critical technologies for recycling and remanufacturing plastic waste [1][2]. Battery Technologies - The article highlights advancements in battery technologies, including solid-state lithium battery materials and high-energy-density lithium-air batteries, with significant contributions from institutions like the Chinese Academy of Sciences [1][6]. - Notable projects include the development of high-safety, high-efficiency electric vehicle battery systems by companies such as BYD and Changan Automobile [1][13]. Semiconductor Materials - The preliminary evaluation includes projects focused on advanced oxide semiconductor technologies for smart displays, with participation from companies like BOE Technology Group [1][10]. - Research institutions such as Tsinghua University and the Chinese Academy of Sciences are also involved in semiconductor innovations [1][10]. Communication Technologies - Projects related to wireless communication systems and their applications have been recognized, with contributions from companies like ZTE and China Petroleum [1][2]. - The focus is on technologies that enhance wide-area coverage and system reliability [1][2]. Research Contributions - Several prominent researchers and institutions are acknowledged for their contributions, including academic figures from Ningbo University and the Chinese Academy of Sciences, who are involved in cutting-edge research in energy storage and conversion technologies [1][6][13]. - The article emphasizes the collaborative efforts between industry and academia in driving technological advancements [1][6].

Core Viewpoint - Xi'an Petroleum University has announced procurement intentions for 54 items of laboratory equipment, with a total budget of 128 million yuan, scheduled for purchase between April and September 2025 [2][3]. Summary by Categories Procurement Overview - The procurement includes advanced instruments such as atomic force microscopes, microscopic scanning corrosion electrochemical measurement systems, and field emission scanning electron microscopes, among others [3][4]. Specific Instruments - **Microscopic Scanning Corrosion Electrochemical Measurement System**: Designed for characterizing localized corrosion behavior at micro to nano scales, addressing the limitations of traditional methods [4]. - **Field Emission Scanning Electron Microscope (FE-SEM)**: Offers sub-nanometer resolution and low-damage imaging, suitable for observing microstructures in nanotechnology and biomedical fields [5]. - **High-Temperature High-Pressure Contact Angle Goniometer**: Measures wettability under extreme conditions, applicable in petroleum engineering and material corrosion studies [6]. Budget and Timeline - The total budget for the procurement is 128 million yuan, with the expected procurement period set for April to September 2025 [2][3]. Instrument Specifications - **RTO Simulation Device**: Budgeted at 800,000 yuan, designed for combustion temperature control and purification efficiency [8]. - **Anaerobic Glove Box**: Budgeted at 500,000 yuan, with stringent requirements for oxygen and moisture control [8]. - **High-Pressure Foam Analyzer**: Budgeted at 350,000 yuan, capable of testing foaming performance under various gas reactions [11]. Additional Instruments - **Distributed Optical Fiber Real-Time Monitoring System**: Budgeted at 80,000 yuan, aimed at monitoring geological and structural responses [9]. - **Dynamic Evolution Process Tracking System**: Budgeted at 85,000 yuan, used for capturing transient responses in various scientific experiments [9]. - **Nanoparticle Size and Zeta Potential Analyzer**: Budgeted at 60,000 yuan, for measuring particle size and surface charge in nanotechnology applications [12][13].

Economic Overview - In August, Guangdong's economy showed overall stability despite a complex external environment and insufficient domestic demand [1] - From January to August, the industrial added value above designated size increased by 2.2% year-on-year, with the manufacturing sector growing by 2.6% [1][2] Key Industries Performance - The computer, communication, and other electronic equipment manufacturing industry saw a 7.0% increase in added value, while the automotive manufacturing industry grew by 8.3% [1][2] - The production of industrial robots, service robots, and civilian drones increased by 32.1%, 17.3%, and 54.7% respectively [2] - Clean energy products also showed strong growth, with wind turbine units, solar cells, and new energy vehicles increasing by 43.3%, 81.5%, and 21.9% respectively [2] Consumer Market Insights - The total retail sales of consumer goods in Guangdong increased by 3.2% year-on-year in the first eight months, with urban consumption growing by 3.4% and rural consumption by 1.3% [2][3] - Retail sales through public networks grew by 17.9%, accounting for 43.7% of total retail sales, an increase of 5.4 percentage points from the previous year [3] Service Sector Growth - The revenue of the service industry above designated size reached 3.38 trillion yuan, marking a 7.0% year-on-year increase [4] - Key sectors such as information transmission, software and IT services, and transportation services reported revenue growth of 9.2%, 6.9%, and 8.7% respectively [4] Investment Trends - Fixed asset investment in Guangdong decreased by 12.4% year-on-year, with significant growth in investments in the transportation sector, including rail and water transport [4][5] - Investment in research and experimental development increased by 15.4%, indicating a focus on innovation [5] - Investment in modern service industries, particularly in internet and related services, grew by 63.8% [5]

Core Insights - The launch of the "Vital Ginger Anti-Hair Loss Essence" by Paris Kérastase marks a significant advancement in hair care, being the only certified imported brand by the National Medical Products Administration in China [1][5] - The product features the unique "Amines" molecule, recognized as one of the two mainstream anti-hair loss effective ingredients in the industry [1][5] - The brand emphasizes a comprehensive anti-hair loss solution that supports both salon professional care and home daily maintenance [1] Group 1 - The "K-6586 Anti-Hair Loss Line" symbolizes the product's effectiveness, promising "+6586 strands of hair" density [3] - The event was attended by Vincent Boinay, President of L'Oréal North Asia and CEO of L'Oréal China, who highlighted the group's commitment to scientific innovation and excellence in product quality [3][5] - The launch event featured a scalp detection demonstration using the upgraded K-SCAN device, which can quickly capture key scalp and hair data in 10 seconds [6] Group 2 - The K-SCAN device utilizes three light sources and a 4K resolution lens to detect four major scalp issues: oil, dandruff, sensitivity, and hair loss [6] - Paris Kérastase plans to collaborate with over 300 salons nationwide to offer premium anti-hair loss services and will release the "Kérastase Comprehensive Scalp Care Book" [6] - L'Oréal's strategy in the Chinese market focuses on deep consumer insights and responding to their needs, with a commitment to professional diagnosis, technological efficacy, and luxurious experiences [6]