Core Insights - Water Sheep Group Co., Ltd. (水羊股份) is a local beauty manufacturing company in Changsha that focuses on research and development to enhance its global market presence [1][3] - The company has invested over 1 billion yuan in R&D, establishing a 12-story research building and creating an integrated and open collaborative R&D platform [3][4] R&D and Production Capabilities - Water Sheep has developed over 8,000 proprietary formula samples, showcasing its strength in R&D and providing diverse beauty product options [4] - The company has participated in the formulation of 29 national and industry standards, holds over 400 patents, and has developed more than 4,000 quality management processes [4][6] - The production process is highly automated, allowing for simultaneous production of various products, which enhances efficiency by over 30% compared to industry averages [6] Future Plans - Water Sheep aims to invest an additional 1 billion yuan over the next decade to expand its global product development and support Changsha in becoming a global R&D center for the cosmetics industry [6]

Market Overview - The cosmetics sector experienced a decline of 2.85% on November 20, with Bavi Co. leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Jiahen Home Cosmetics (300955) closed at 38.29, up 1.48% with a trading volume of 27,300 shares and a turnover of 103 million yuan [1] - Bavi Co. (920123) saw a significant drop of 9.28%, closing at 17.89 with a trading volume of 88,500 shares and a turnover of 163 million yuan [2] - Qingdao Kingway (002094) closed at 7.69, down 2.16%, with a trading volume of 214,700 shares and a turnover of 166 million yuan [1][2] Capital Flow Analysis - The cosmetics sector experienced a net outflow of 377 million yuan from institutional investors, while retail investors saw a net inflow of 323 million yuan [2] - The main capital inflow and outflow for various stocks indicate a mixed sentiment, with some stocks like Jiahen Home Cosmetics seeing a net inflow of 9.93 million yuan from institutional investors [3] Notable Stock Movements - Fuleida (600223) had a net outflow of 25.36 million yuan from institutional investors, but a net inflow of 9.99 million yuan from retail investors [3] - Kesheng Co. (300856) experienced a net outflow of 29.14 million yuan from institutional investors, while retail investors contributed a net inflow of 12.29 million yuan [3]

天眼查App显示，近日，广州美森纪化妆品有限公司成立，法定代表人为范炳权，注册资本1万人民 币，经营范围为知识产权服务（专利代理服务除外）;信息咨询服务（不含许可类信息咨询服务）;技术 服务、技术开发、技术咨询、技术交流、技术转让、技术推广;工艺美术品及礼仪用品销售（象牙及其 制品除外）;广告设计、代理;礼品花卉销售;眼镜销售（不含隐形眼镜）;钟表销售;户外用品销售;体育用 品及器材零售;五金产品零售;建筑材料销售;汽车装饰用品销售;灯具销售;母婴用品销售;玩具销售;日用家 电零售;电子产品销售;针纺织品及原料销售;美发饰品销售;个人卫生用品销售;厨具卫具及日用杂品零售; 珠宝首饰零售;箱包销售;鞋帽零售;服装服饰零售;化妆品零售;日用品销售;日用百货销售;宠物服务（不含 动物诊疗）;宠物食品及用品零售;宠物食品及用品批发;国内贸易代理;技术进出口;货物进出口;互联网销 售（除销售需要许可的商品）。 ...

天眼查App显示，近日，广州林姆氏化妆品有限公司成立，注册资本5万人民币，经营范围为纸制品销 售;卫生洁具销售;卫生洁具研发;食品用洗涤剂销售;美发饰品销售;健康咨询服务（不含诊疗服务）;个人 卫生用品销售;卫生用品和一次性使用医疗用品销售;化妆品批发;化妆品零售;物联网技术研发;市场调查 （不含涉外调查）;第一类医疗器械销售;互联网安全服务;网络与信息安全软件开发;广告设计、代理;票 据信息咨询服务;信息技术咨询服务;软件销售;电子、机械设备维护（不含特种设备）;招投标代理服务; 国内贸易代理;网络设备销售;信息咨询服务（不含许可类信息咨询服务）;互联网销售（除销售需要许可 的商品）;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;二手日用百货销售;日用口 罩（非医用）销售;日用品销售;日用杂品销售;日用化学产品销售;日用百货销售;消毒剂销售（不含危险 化学品）;网络技术服务;医学研究和试验发展。 ...

天眼查App显示，近日，广州妙奇化妆品有限公司成立，注册资本5万人民币，经营范围为网络技术服 务;消毒剂销售（不含危险化学品）;日用百货销售;日用化学产品销售;日用杂品销售;日用品销售;日用口 罩（非医用）销售;二手日用百货销售;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推 广;互联网销售（除销售需要许可的商品）;信息咨询服务（不含许可类信息咨询服务）;网络设备销售; 国内贸易代理;招投标代理服务;电子、机械设备维护（不含特种设备）;软件销售;信息技术咨询服务;票 据信息咨询服务;广告设计、代理;网络与信息安全软件开发;互联网安全服务;市场调查（不含涉外调 查）;物联网技术研发;化妆品零售;化妆品批发;卫生用品和一次性使用医疗用品销售;个人卫生用品销售; 健康咨询服务（不含诊疗服务）;美发饰品销售;食品用洗涤剂销售;卫生洁具研发;卫生洁具销售;纸制品 销售;医学研究和试验发展。 ...

天眼查App显示，近日，芮韵（广州）化妆品有限公司成立，法定代表人为钟丽，注册资本100万人民 币，经营范围为技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;化妆品零售;科技中 介服务;化妆品批发;新材料技术推广服务;细胞技术研发和应用;网络技术服务;物联网技术服务;中医养生 保健服务（非医疗）;个人卫生用品销售;日用百货销售;卫生用品和一次性使用医疗用品销售;地产中草 药(不含中药饮片）购销;医学研究和试验发展;保健食品（预包装）销售;养生保健服务（非医疗）;日用 品销售;信息技术咨询服务;商务代理代办服务;信息咨询服务（不含许可类信息咨询服务）;企业管理;母 婴用品销售;办公服务;办公用品销售;社会经济咨询服务;会议及展览服务;软件开发;互联网销售（除销售 需要许可的商品）;消毒剂销售（不含危险化学品）;日用化学产品销售;家用电器零配件销售;美发饰品 销售;厨具卫具及日用杂品零售;个人商务服务;品牌管理;市场营销策划;广告设计、代理;广告制作;健康咨 询服务（不含诊疗服务）;食品互联网销售（仅销售预包装食品）;第一类医疗器械销售;第二类医疗器械 租赁;第二类医疗器械销售;家用电器销售;仪器仪表 ...

Market Overview - The three major A-share indices collectively declined today, with the Shanghai Composite Index down 0.4% to 3931 points, the Shenzhen Component Index down 0.76%, and the ChiNext Index down 1.12% [1] - The total market turnover was 1.72 trillion yuan, a decrease of 20 billion yuan compared to the previous trading day, with over 3800 stocks declining [1] Sector Performance - The aquaculture sector experienced a significant drop, with Tianma Technology hitting the daily limit down [1] - The prepared dishes concept also fell, with Guolian Aquatic Products down over 11% [1] - The organic silicon sector saw declines, with Dongyue Silicon Material down over 9% [1] - The beauty care and cosmetics sector weakened, with Liren Lizhuang hitting the daily limit down [1] - The photovoltaic equipment sector fluctuated downwards, with Guosheng Technology hitting the daily limit down [1] - Other sectors with notable declines included batteries, fluorochemical, shipbuilding, and education [1] Gainers - The Hainan sector rose, with Hainan Haiyao hitting the daily limit up [1] - The cement and building materials sector was active, with Yatai Group and Guotong Shares both hitting the daily limit up [1] - Bank stocks strengthened, with Bank of China and Industrial and Commercial Bank of China reaching historical highs [1] - Sectors with notable gains included lithium mining, SPD concept, and real estate services [1] Performance Metrics - Shanghai Composite Index: 3931.05, down 15.69 points (-0.40%) [1] - Shenzhen Component Index: 12980.82, down 99.27 points (-0.76%) [1] - ChiNext Index: 3042.34, down 34.50 points (-1.12%) [1] - Other indices also showed declines, including the CSI 300 and CSI 500 [1]

天眼查App显示，近日，江西莹雪护肤品有限公司成立，法定代表人为李金华，注册资本10万人民币， 经营范围为许可项目：生活美容服务（依法须经批准的项目，经相关部门批准后在许可有效期内方可开 展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）一般项目：化妆品批发， 化妆品零售，日用百货销售，家用电器销售，母婴用品销售，个人卫生用品销售，日用杂品销售（除依 法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，南昌微时代化妆品有限公司成立，法定代表人为程金花，注册资本10万人民 币，经营范围为许可项目：生活美容服务，化妆品生产（依法须经批准的项目，经相关部门批准后在许 可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）一般项 目：化妆品零售，市场营销策划，日用杂品制造，日用杂品销售，美发饰品生产，美发饰品销售，专业 设计服务，信息咨询服务（不含许可类信息咨询服务），化妆品批发，仪器仪表销售，国内贸易代理， 日用百货销售（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 3947 | 0.18 | 2.79 | -1.33 | | 深证综指 | 2473 | -0.5 | 3.19 | -1.38 | | 风格指数 (％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 大盘指数 | 0.47 | 1.62 | 18.44 | | 中盘指数 | -0.23 | 1.21 | 25.86 | | 小盘指数 | -0.65 | 3.59 | 22.81 | | 涨幅居前 行业(％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 渔业 | 12.77 | 36.28 | 40.33 | | 贵金属 | 6.19 | -8.7 | 33.26 | | 航海装备Ⅱ | 4.22 | 3.11 | 11.04 | | 地面兵装Ⅱ | 3.33 | 3.69 | 44.5 | | 能源 ...