中国经济网编者按：据经济参考报今日报道《蔓迪国际冲刺港交所 三年半分红超14亿元》，日前，在 三生制药（01530.HK）宣布将附属公司蔓迪国际分拆并独立上市后，蔓迪国际向港交所递交招股书， 华泰国际担任独家保荐人。此次港股IPO，蔓迪国际计划将募集资金用于提高研发能力、策略性业务合 作、数字化运营迭代以及品牌建设等。 值得注意的是，尽管蔓迪国际有较强的造血能力且营收规模仍在增长，但公司上市前夕大额分红引发投 资者关注。2022年至2024年，公司分别向股东宣派股息2.5亿元、4亿元和0元。今年上半年，公司宣派 了7.7亿元股息，超出上述3年之和。受此影响，公司流动资产净额由2024年的5.95亿元断崖式降至今年 上半年的40万元，公司解释称："由于股息宣派，导致应付股息增加6.7亿元。" 据新京报贝壳财经报道《蔓迪国际冲刺港交所：靠"头顶生意"半年收入超7亿，净利率连降》，当获客 成本上升，市场竞争加剧，蔓迪国际的盈利压力也在加大。自2023年攀至高点后，该公司整体净利率有 了下滑苗头，2022年至2024年分别为20.5%、27.8%和26.8%，今年上半年降至23.4%。 经济参考报：蔓迪国际三年半分红 ...

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]