Group 1 - Hedge funds sold technology stocks at the fastest pace in the past 12 months, coinciding with the S&P 500 index reaching a historical high [1] - The scale of the sell-off in technology stocks was the largest observed by Goldman Sachs since July 2024, primarily concentrated in North America and Europe [1] - Almost all types of technology stocks, including semiconductor companies, software firms, and IT service providers, were sold off [1] Group 2 - Consumer staples stocks became one of the most net bought sectors by hedge funds in the recent week, marking the fourth consecutive week of increased positions, primarily in long positions [1] - The S&P 500 index has risen approximately 28% since its low in 2025, driven by strong performance in technology stocks, while the Nasdaq Composite Index surged by 38% during the same period [1] Group 3 - As of last Friday, the forward P/E ratio of the S&P 500 index was 23.11, close to a five-month high, indicating elevated valuations compared to the historical average [2] - U.S. stock valuations are currently 30% higher than the average over the past decade, with long-term interest rates remaining high and volatile [2] - The future direction of the stock market may depend on a potential decline in long-term interest rates, which has not yet occurred [2]

有媒体报道称，多名消费者将棉密码品牌卫生巾送检。报告显示，从2019年9月到2025年1月，多个批次棉密码茶氧夜用卫生巾、茶氧日用卫生巾等品类均检 出超高含量硫脲，其中一款棉密码樱花·舒缓型卫生巾的硫脲含量甚至高达16653.4679μg/g。 而且超30名长期使用的消费者自述患甲状腺癌，并提供了多年购买记录。 据了解，硫脲是一种重要化工原料和有机化工中间体。2017年10月27日，世界卫生组织国际癌症研究机构将其列入致癌物清单。如果长时间接触硫脲，可能 引发甲状腺功能障碍、肝毒性、生殖毒性及免疫毒性等一系列健康问题。 棉密码是主播辛巴（辛有志）在2017年创立的卫生巾品牌，号称"辛巴亲自参与研发的第一款产品"，同时也是辛选集团旗下自营品牌。而且据公开资料显 示，自2019年推出以来，棉密码累计销量已经达到了33.3亿元。 针对上述问题，棉密码官方微博在7月24日下午发布了声明，主要包括两个重点：1.经权威机构检测认证，棉密码所有产品均严格遵循国家相关法律法规及 标准；2.对棉密码工厂所在地的汕头市澄海区市场监督管理局申请进行产品抽检，检测结论为产品检测合格。 检测报告对2025年5月份生产的多批次产品进行了 ...

近日，拉芳家化（603630.SH）在多地投放的一则广告引发热议，该发膜广告称"3分钟也算奇 迹？""停！这才是奇迹！"，被指内涵近期潘婷商标舆情，网友戏称这是"商战""贴脸开大"。 7月28日，拉芳家化相关负责人回应南都湾财社记者称，这是新品宣传语，感谢广大网友的关注。针 对"1分钟修护"的表述，该负责人称是如实描述，而针对"奇迹"是否涉嫌夸大宣传，该负责人予以否认 并称，这是企业所进行的技术革新推动产品护发效率更高、护发效果更好。 社交平台截图 拉芳广告称"3分钟也算奇迹？" 被指内涵潘婷 据多位网友拍摄的图片，企业在广告牌中宣称，该"拉芳小金条发膜"产品使用1分钟，就可以修护秀发 累计损伤，能做到"1分钟真修护"。 有趣的是，拉芳在广告中还写有"3分钟也算奇迹？""停！这才是奇迹！"，被网友解读成拉芳内涵近期 潘婷的商标舆情。 国家商标局官网显示，"潘婷三分钟奇迹"确实是注册商标，于2020年注册公告，2024年潘婷母公司宝洁 曾注册"潘婷3秒奇迹"商标但被驳回，更早前公司曾申请注册"分钟奇迹""3分钟奇迹"的商标但亦被驳 回。 南都湾财社记者注意到，拉芳曾于7月16日在官方社交平台发布帖子称产品是"护 ...

Core Viewpoint - The article discusses the growing trend among women to embrace their body hair, particularly underarm hair, challenging societal norms and the concept of "shame" associated with it [2][10][16]. Group 1: Societal Perception and Personal Experience - A significant number of women are questioning the necessity of shaving underarm hair, with 78% of respondents in a survey indicating they prefer not to shave due to potential discomfort and health risks [2]. - Personal stories illustrate a shift in mindset, where women like Yami and Tongwen reflect on their experiences with body hair and societal expectations, leading to a rejection of the "shame" associated with underarm hair [2][8][18]. - The article highlights the historical context of "underarm hair shame," tracing it back to marketing strategies by companies like Gillette in the early 20th century, which promoted hair removal as a standard of beauty [10][16]. Group 2: Cultural and Gender Dynamics - The article emphasizes how cultural influences and marketing have shaped perceptions of femininity and body hair, with experts suggesting that body hair plays a role in defining gender dynamics and controlling women's identities [12][14]. - The narrative includes examples of women from different generations, showcasing how societal expectations have evolved and how some women are now embracing their natural bodies, rejecting the notion that they must conform to traditional beauty standards [8][18][22]. Group 3: Health and Beauty Industry Implications - The beauty industry has capitalized on the concept of hair removal, creating a vast market for various hair removal products and services, which has led to a range of skin issues for many women [15][16]. - The article discusses the physical consequences of shaving, such as skin irritation and increased hair growth, prompting some women to reconsider their grooming habits [15][9].

Economic Overview - Jiangsu's economy shows a positive trend with a total retail sales of 2.4 trillion yuan, a year-on-year increase of 5% in the first half of the year [1] - The province's total import and export value reached 2.81 trillion yuan, growing by 5.2% compared to the same period last year, driven by both domestic and foreign demand [1] Domestic Demand and Consumption - The "National Subsidy" policy has stimulated a consumption wave, with retail sales of automobiles, home appliances, 3C digital products, and home furnishings reaching 385.72 billion yuan, a year-on-year increase of 9.5% [2] - The "Soo Super" event significantly boosted local consumption, with sales in commercial complexes increasing by 48% and foot traffic rising by 43% during the event [2][3] Major Projects and Foreign Investment - Major projects are pivotal for accelerating growth, with 12 foreign investment projects exceeding 100 million USD established in the first half of the year, ranking first in the country [4] - The establishment of Sylvan's modern breeding center in Huai'an, supported by a 57 million USD investment from KKR, highlights the influx of foreign capital into Jiangsu [4][5] Trade and Market Resilience - Jiangsu's strategy of integrating domestic and international markets has strengthened its economic resilience, with a focus on diversifying export markets [6][7] - The province's exports to countries along the Belt and Road reached 1.39 trillion yuan, a growth of 9.5%, with ASEAN trade increasing by 21.8% [7][8] Logistics and Supply Chain Enhancements - Upgrades in logistics channels, such as the "China-Kyrgyzstan-Uzbekistan" rail service, have reduced transportation costs by 10% for solar components [8] - The launch of multi-modal transport in Yancheng has decreased logistics costs by 30%, enhancing the competitiveness of cross-border e-commerce [8]

Core Viewpoint - The article discusses the growing trend among women to embrace their body hair, particularly underarm hair, challenging societal norms and the concept of "shame" associated with it [3][16][25]. Group 1: Societal Perception and Personal Experience - A significant percentage of women (78%) prefer not to shave their underarm hair due to potential discomfort and health risks [4]. - Personal narratives illustrate a shift in mindset, where women like Yami and Tongwen begin to question the societal standards of beauty that dictate the removal of body hair [5][12]. - The article highlights the journey of women from conforming to societal expectations to embracing their natural selves, as seen in the experiences of different women across ages [13][29]. Group 2: Historical Context and Cultural Influence - The concept of "underarm hair shame" is traced back to marketing strategies from the early 20th century, particularly by companies like Gillette, which promoted hair removal as a standard of beauty [17][21]. - The article notes that the perception of body hair has evolved, with cultural influences leading to a shift in beauty standards, particularly in Eastern cultures [21][25]. Group 3: Health and Biological Aspects - The article discusses the biological functions of underarm hair, such as protection and moisture regulation, which are often overlooked in the pursuit of beauty [23][24]. - It emphasizes that the removal of underarm hair can lead to various skin issues, including irritation and increased odor, challenging the notion that hair removal is inherently hygienic [24][25]. Group 4: Empowerment and Rebellion - The narrative showcases a growing empowerment among women, as they assert their right to choose whether or not to remove body hair, often in defiance of societal pressures [27][28]. - Women like Yami and Tongwen express their newfound freedom in choosing to embrace their natural appearance, rejecting external judgments [28][30].

Core Viewpoint - The increasing demand for hair care products is leading to a focus on efficacy, ingredients, and user experience, with 80% of users prioritizing product effectiveness, particularly in oil control, dandruff removal, and volume enhancement [1]. Group 1: Product Innovation - The company has launched the upgraded Ginseng Tea Tree Pure Dew Shampoo 4.0, utilizing innovative nano-level rare ginsenoside technology and 3D air volume technology to provide a more effective and gentle hair care solution [1][3]. - The shampoo features nano ginsenoside technology developed in collaboration with Jinan University, which enhances the solubility and stability of ingredients while reducing skin irritation and promoting scalp health [4]. Group 2: Efficacy and Benefits - The shampoo incorporates a dual dandruff removal system with patented ingredients that effectively eliminate dandruff while gently caring for the scalp, combined with the natural antibacterial properties of tea tree pure dew for long-lasting oil control [7]. - Third-party testing indicates that the use of the shampoo results in a 62.538% increase in hair volume, achieving a visually appealing "high crown" effect [10]. Group 3: Industry Contribution - The company is actively contributing to the standardization of industry raw materials by participating in the drafting of the group standard for ginsenoside in cosmetics, scheduled for September 2024 [6].

Financial Performance - In 2024, the company's operating revenue reached 2.929 billion, representing a year-on-year growth of 6.25% [1] - The net profit attributable to shareholders decreased to 388 million, down 11.65% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 376 million, a decline of 11.10% compared to the previous year [1] Balance Sheet - As of the end of 2024, the total assets amounted to 4.852 billion, an increase of 4.41% from the end of 2023 [1] - The net assets attributable to shareholders were 3.301 billion, reflecting a growth of 2.60% year-on-year [1] Employee Information - The number of employees increased to 1,759 in 2024, a rise of 9.66% compared to 1,604 in the previous year [2] - The parent company employed 967 individuals, while subsidiaries had 792 employees [2] Leadership and Compensation - The chairman and general manager, Li Zhibiao, aged 58, has a diverse background in business and management [2] - Li Zhibiao's compensation in 2024 was 2.401 million, a decrease of 17.24% from the previous year [2]

Core Viewpoint - The controversy surrounding the "Pantene 3-Minute Miracle" trademark has gained significant attention on social media, with the company asserting that the name is a registered trademark and that the claim of "3-minute repair for three months of accumulated damage" is supported by third-party experimental data, although specific data has not been provided [1][2]. Group 1: Trademark and Claims - The "Pantene 3-Minute Miracle" is a registered trademark, and the claim regarding its effectiveness is based on data from third-party experiments [1][2]. - The product packaging clarifies that "Pantene 3-Minute Miracle" is a trademark and not a claim of efficacy, indicating that actual results may vary among users [2]. - The trademark was successfully registered by Procter & Gamble on March 21, 2020, while a subsequent application for "Pantene 3-Second Miracle" was rejected [3]. Group 2: Historical Context and Marketing - Pantene has used similar marketing phrases since 2015, promoting quick repair of hair damage in just three minutes [2]. - Previous promotional content included claims of significant hair repair even after extreme damage, although the detailed experimental videos referenced are no longer accessible [2]. - The company continues to use phrases like "three-minute quick repair" and "expert in repairing bleached hair damage" in its marketing [2].

Core Points - The company held its 22nd meeting of the 7th Board of Directors on July 11, 2025, with all 9 directors present [1] - The meeting approved several resolutions, including amendments to the company's articles of association and internal control systems [2][3][4][5] Group 1: Board Meeting Proceedings - The meeting was convened in accordance with relevant laws and regulations, with all directors participating either in person or via telecommunication [1] - The board approved the proposal to amend the articles of association, eliminating the supervisory board and transferring its powers to the audit committee [2] - The board also approved the revision of the "Three Major One Big" collective decision-making implementation measures [3] Group 2: Internal Control and Governance - The board approved amendments to various internal control systems, including the rules for shareholder meetings and board meetings [4][5] - The board agreed to revise the dividend return plan for shareholders following the initial public offering [5] - The board approved the performance evaluation results for the management team for the year 2024 [5] Group 3: Board Member Nominations - The board nominated candidates for the 8th Board of Directors, including both non-independent and independent directors, with terms lasting three years [6][7] - The independent director candidates must pass the Shenzhen Stock Exchange's review before being submitted for shareholder approval [7] Group 4: Upcoming Shareholder Meeting - The board scheduled the first extraordinary general meeting of 2025 for July 28, 2025 [10]