洞见 （DJ00123987） ——不一样的观点，不一样的故事，3000万人订阅的微信大号。点击标 题下蓝字"洞见"关注，我们将为您提供有价值、有意思的延伸阅读。 必读杂志专场！培养思辨反哺学习 预约直播，3-18岁必入 29岁小姑娘，手却看起来像70岁，天生如此 （懂的姐妹都懂） 。 "生活是不是过得不咋地？" 更尴尬的是跟前男朋友刚认识的时候他牵我的手，后面在我不知道的情况下。 他对他兄弟说： 这根本不是96年该有的手！真的心塞！ 从初中到现在，别人看到就会问我为什么手那么粗糙， 像干了很多农活一样。 黄黄的，皱皱的，还容易看起来脏脏的 ，甚至嘴欠的人还会这么问： "你在家是不是天天干活？" "对象是不是对你不好" 甚至每次去美甲，都能收获美甲师深切关怀： "哦哟哟!要好好涂护手霜啊，都糙成什么样子了 呀" 你别说，自从被打击后，我还真把保养双手提上了日程！ 有一说一， 勤勤恳恳用护手霜真的有用！ 不少姐妹也印证了这个方法真的可行！ *真人实拍，实际效果因人而异 真不是偷偷动了什么高科技，而是 实实在在坚持用护手霜 ！ 但说实在， 护手霜这玩意也不好挑： ×要么是味道刺鼻得像打翻了瓶劣质香水在手； ×要么 ...

一份破产清算申请通知，为一段曾闪耀新消费赛道的资本神话画上了休止符。 今年10月，保利沃利科技（武汉）有限公司（POLYVOLY）以其不能清偿到期债务并且资产不足以清偿全部债务为由，向法院申请对公司破产清算。 11月20日，根据全国企业破产重整案件信息网信息，POLYVOLY破产申请已获法院受理。这也意味着，旗下曾红极一时的个护品牌三谷与Rever，正式步 入残局。 保利沃利科技（武汉）有限公司申请破产决定书，来源：全国企业破产重整案件信息网 或许大众对POLYVOLY有些陌生，但在六年前，它还曾创下过单日销售额突破6000万的业绩神话。 2019年天猫双十一，三谷与Rever交出了一份两眼的成绩单，三谷与Rever单日销售额突破6000万，三谷50分钟内销售额即登榜行业排名TOP4，全平台销 售额势如破竹。 数据见证着这个黑马品牌的爆发式增长，2020双11期间，三谷和Rever天猫销售额突破1.1亿元，三谷登上天猫天猫美护发新锐品牌 TOP1，全网销售规模 8728 万元，Rever也跻身于浴足剂和沐浴露的TOP1，双11累计销售额为2733万元。 高光数据是资本最好的兴奋剂，这份增长叙事也征服了资本市场 ...

深圳商报首席记者 袁静娴 此外，还有NAS赛道新秀 Zettlab 的出现，把大疆工程体系中的"端侧智能"方法论转写进AI私有化存 储。其创始人郭亚楠坦言，大疆时期的经历让他看到了未来数据洪流下真正的机会，因此能够跨越硬 件、软件、算法和存储四个体系，做出今天Kickstarter众筹即破140万美元的产品。 更长的名单还在不断延展，其中既有做割草机器人的松灵机器人，也有做工业无人机的科比特，做电动 牙刷的一晤未来，做AI触觉传感器的墨现科技，以及做户外清洁机器人的纵贯创新等。这些企业分布 在完全不同的硬件赛道，看似毫无关联，却都呈现出一种惊人的一致性——技术驱动、系统能力强、迭 代速度快、能迅速在全球市场形成话题。 换而言之，他们虽然离开了大疆，但又把"大疆方法论"带入了更多行业。 近日，一则来自拓竹科技创始人陶冶的朋友圈长文，让向来以低调著称的"大疆系"人才罕见地出现在公 众视野。 陶冶在长文中直指老东家大疆投资了一家与拓竹同赛道的3D打印公司。在这则长文讨论之外，引起了 公众对另一个核心问题的关注：为何从大疆走出的创业者如此亮眼？他们为何频繁在细分硬件领域打出 爆款？又是什么构成了"大疆系创业"这一独特 ...

近年来中国在生物医药领域的迅速发展，吸引着诸多外企的眼光和持续投资。 陈海波说："近年来中国实现了从仿制药向首创小分子、肽类和生物制剂的战略转变。一些领先的 CDMO（合同研发生产组织）、制药公司以及新兴的生物科技领域现已获得全球认可。中国吸引了数十 亿美元的生物科技风险投资，许多公司都已成功在香港交易所、科创板或纳斯达克融资。"他进一步表 示："与国际标准加强对接以及高技能科学家从海外归国等，都进一步加速了这场转型。" 再加上"健康中国2030"的规划纲要，陈海波称，嘉法狮看到了在中国市场巨大的合作潜力。据他介绍， 嘉法狮不断通过对本土人才、法规认知与配方支持的持续投入，深化与中国合作伙伴及中国药科大学、 沈阳药科大学和上海应用技术大学等中国高校的合作。 对于未来挑战，陈海波坦言："中国创新的速度很快，科研实力引领全球，如何跟上中国的创新潮流， 优先响应中国客户的需求，是重要的课题。"不过，他表示，作为一家法国企业，嘉法狮对中国的未来 非常乐观，"我们将继续增加投资，加强本地团队建设，并创造新的就业机会。我们对中国的信心坚定 不移。这是我们长期且坚定的承诺。" 据蒲爱德介绍，目前嘉法狮集团在全球拥有四大技术 ...

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从润本股份十大流通股东角度 责任编辑：小浪快报 11月20日，润本股份跌1.2%，截至发稿，报24.61元/股，成交5740.87万元，换手率2.25%，总市值99.57 亿元。润本股份股价已经连续5天下跌，区间累计跌幅5.16%。 国泰消费优选股票（005970）基金经理为李海。 资料显示，润本生物技术股份有限公司位于广东省广州市天河区珠江新城华夏路28号40楼，成立日期 2013年12月30日，上市日期2023年10月17日，公司主营业务涉及驱蚊类、个人护理类产品的研发、生产 和销售。主营业务收入构成为：婴童护理系列产品45.26%，驱蚊系列产品41.92%，精油系列产品 10.29%，其他产品2.47%，其他(补充)0.06%。 截至发稿，李海累计任职时间9年168天，现任基金资产总规模32.75亿元，任职期间最佳基金回报 139.47%， 任职期间最差基金回报-21.8%。 数据显示，国泰基金旗下1只基金位居润本股份 ...

Group 1 - The core viewpoint of the article is that the company's production and operations are normal, and its stock price fluctuations are influenced by various factors including domestic and international macroeconomic conditions, market sentiment, and supply-demand relationships in the secondary market [1]

Group 1: Core Insights - The North American personal care market is experiencing intensified competition, with Procter & Gamble showing better profitability compared to revenue, while Kimberly-Clark is seeing efficiency improvements from its transformation efforts [1][2] - In the domestic market, upstream supply chain companies such as Yanjian, Jieya, and Nuobang have reported significant revenue growth of 17%, 107%, and 23% respectively, indicating a recovery in overseas orders [1][3] Group 2: Company Performance - Procter & Gamble reported global revenue of $22.39 billion and net profit of $4.75 billion for FY26Q1, reflecting a year-on-year increase of 3% and 20% respectively, with challenges in the North American market [2] - Kimberly-Clark's Q3 revenue reached $4.15 billion, with a net profit of $450 million, showing a slight revenue increase but a significant decline in net profit due to transformation costs [2] Group 3: Market Trends - The domestic personal care market is facing fierce competition, leading to increased sales expenses and weaker profit growth compared to revenue for many companies [3] - The upgrade of global disposable hygiene materials is accelerating, with a shift from internal competition to external expansion, particularly in the non-woven fabric supply chain [4] Group 4: Investment Recommendations - Companies with established global supply chain layouts, such as Yanjian, are recommended for investment due to the ongoing upgrade trend in overseas hygiene products [4] - Jieya is expected to benefit from increased orders in its wet wipes business, while Sturdy Medical is noted for its stable profitability amid diverse business growth [4]

Core Insights - The company is focusing on the growth of its infant and child care business as temperatures drop, with an emphasis on promoting key products like egg yolk oil creams and lip balms in Q4 [1] - Q3 performance was impacted by high temperatures, leading to lower than expected demand for infant products, while mosquito repellent sales exceeded expectations due to the chikungunya virus [1][2] Sales Performance - In Q3, mosquito repellent revenue reached 132 million, a 48% increase, driven by significant demand due to chikungunya [1] - Infant product revenue was 146 million, showing a decline of 2.8%, attributed to prolonged high temperatures affecting core products [1] - Essential oil revenue was 43 million, down 7.03%, with average prices for mosquito repellent and infant care products increasing by 12.04% and 7.86% respectively, while essential oils saw a decrease of 2.42% [1] Profitability Metrics - The gross profit margin improved to 58.96%, up 1.4 percentage points, due to product mix optimization and reduced promotional efforts [2] - Sales expense ratio increased to 29.1%, up 5.5 percentage points, primarily due to increased investment in the infant product category amid poor sales performance [2] - The net profit margin for Q3 was 22.93%, down 4.6 percentage points, influenced by rising sales expenses and decreased interest income [2] Future Outlook - The company anticipates a marginal improvement in demand as temperatures drop, with a focus on the performance of key infant products and youth skincare lines in Q4 [2] - Projected net profits for 2025 and 2026 are estimated at 310 million and 380 million respectively, with year-on-year growth rates of 4.6% and 21.9% [2]

Core Insights - The 2025 Douyin e-commerce Double 11 shopping festival not only achieved record sales but also served as a platform for brands to enhance their long-term growth potential [1] - During the event, Douyin e-commerce supported 67,000 brands to double their sales, with many brands achieving sales exceeding 100 million [1] - Various sectors, including apparel, beauty, and consumer electronics, experienced significant growth, driven by diverse consumer demands and supportive policies [1] Apparel Industry Highlights - The top 10 brands in the sports and outdoor category, as well as women's and men's fashion, all surpassed 100 million in sales [2] - Notable brands included Camel and Fila in sports, YAYA and Bosideng in women's fashion, and Romon and Woodpecker in men's fashion [2] - High-end brands like Ralph Lauren and ICICLE also ranked prominently in the luxury category [2] Beauty and Personal Care - Han Shu and Proya topped the beauty and skincare brand rankings, while brands focusing on ingredient-based health saw impressive sales growth [2] - In the household cleaning sector, established brands like Blue Moon and Liby maintained strong positions [2] - Personal care brands showed a mix of established and emerging players, with brands like Fuyan Jie and Canban leading the market [2] Pet and Beverage Industries - The pet industry saw significant growth, with brands like Maifudi and Jingu achieving over 100 million in sales [3] - In the beverage sector, leading brands such as Moutai and Jian Nan Chun dominated the rankings [3] Consumer Electronics and Home Appliances - Apple and Xiaomi maintained top positions in the brand rankings, driven by demand for computers and drones [5] - The "National Subsidy" policy positively impacted the home appliance sector, with Haier and Ecovacs leading in major and small appliances respectively [5] - The home goods category also performed well, with brands like Xilinmen and Gujia Home continuing to lead [5] Douyin E-commerce Strategy - Douyin e-commerce has become a crucial platform for brands to enhance transactions and user engagement [8] - Brands not only capitalized on the annual consumption demand but also accumulated growth momentum through content innovation [8] - The platform aims to provide comprehensive support for brands, from promotional strategies to data insights, fostering sustainable growth in the e-commerce landscape [9]

Group 1 - The second extraordinary general meeting of shareholders for Hangzhou Haoyue Nursing Products Co., Ltd. was held on November 12, 2025, with no resolutions rejected [2][3] - The meeting took place at the company's location in Linping Economic and Technological Development Zone, Hangzhou, Zhejiang Province [2] - Attendance included 6 out of 7 current directors and 2 out of 3 current supervisors, with the board secretary present [3] Group 2 - Several proposals were reviewed and passed, including the cancellation of the supervisory board and amendments to the company's articles of association [4][5] - Other approved proposals included revisions to the rules for shareholder meetings, board meetings, independent director work systems, external guarantee management, related party transaction management, and investment management systems [5][6] - The voting results showed that the first proposal received over two-thirds approval from valid voting shareholders, while the remaining proposals received over half [6] Group 3 - The meeting was witnessed by lawyers from Guohao Law Firm (Hangzhou), confirming that the meeting's procedures and results complied with relevant laws and regulations [6]