前不久，家住北京市通州区的文女士发现，家中1岁宝宝流鼻涕迟迟不见好转，而出现张嘴呼吸、张嘴睡觉的情况，文女士担心这样下去会影响宝宝的"颜 值"。在刷短视频时，文女士发现了一款名为"袋鼠杰克婴童植萃舒鼻膏"的产品，直播间中主播介绍该产品可以用于流鼻涕鼻塞等情况，于是决定买来试 试。 产品到手后，文女士发现，该产品为儿童化妆品，并标有儿童化妆品标志（"小金盾"）。化妆品可以涂在鼻腔吗？最终，文女士并没有给宝宝使用。 根据文女士反映的情况，新京报记者近期调查发现，这款名为"袋鼠杰克婴童植萃舒鼻膏"的儿童化妆品，在直播间里被包装成改善腺样体面容、鼻部不适等 问题的"神器"，但实际备案功效仅为面部保湿、舒缓。主播在介绍产品时，引导家长将产品挤入儿童鼻腔使用的行为，也与包装标注的"涂抹于鼻子周围肌 肤"严重不符。此外，企业宣称"35年国货老品牌"，实际成立时间仅6年，商标申请仅1年。律师认为，经营者在销售商品时暗示宣传普通化妆品具有"改善腺 样体面容、过敏性鼻炎"等疾病治疗作用，涉嫌违反多项法律规定。此外，经营者虚构"35年国货老品牌""亚洲500强"等与企业实际情况不符的内容的行为， 或构成虚假广告。 宣称可改善腺样体 ...

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Core Viewpoint - Recent reports reveal that numerous online accounts have been spreading false claims about children's products being made from industrial waste, primarily to drive traffic for e-commerce sales [1][3][10] Summary by Sections Nature of the Rumors - The rumors claim that children's creams, body lotions, and laundry products are made from industrial waste, which is identified as a "rumor-based traffic generation" tactic [3][5] - The spread of these rumors can be traced back to videos that began circulating approximately seven months ago, with a significant increase in activity noted in the last month [5][7] Mechanism of Spread - The rumors utilize alarming headlines and fabricated data, such as claims of harmful substances exceeding safety limits by 40 times, to attract attention [8][9] - The content is often produced using a template that can be easily modified with different locations, dates, and statistics, allowing for mass dissemination of misinformation [8][11] Impact on Consumers - The spread of these rumors has created significant anxiety among parents, who are particularly sensitive to issues regarding children's health [8][11] - Comments from the public indicate a growing awareness of the manipulative tactics used by these accounts, with many expressing skepticism towards the credibility of such claims [9][10] Industry Response - Experts emphasize the need for stricter content regulation and the establishment of a rumor database to improve the identification of false information [13][14] - Regulatory bodies and platforms are beginning to take action, including the removal of misleading content and the suspension of accounts involved in spreading these rumors [16][17] Long-term Implications - The ongoing spread of these rumors poses a threat to the reputation of legitimate children's product brands, potentially leading to a loss of consumer trust [11][14] - The situation highlights the necessity for the cosmetics industry to maintain transparency and uphold product integrity to foster a healthy market environment [16][17]

Market News - The three major US stock indices closed lower, with the Dow Jones down 557 points (1.18%), the S&P 500 down 0.92%, and the Nasdaq down 0.84% [1] - Major tech stocks mostly declined, with AMD and Intel down over 2%, while Nvidia, Apple, Oracle, and Meta fell over 1%. Google, however, rose over 3% [1] - Cryptocurrency stocks weakened, with Coinbase down over 7% and Circle down over 6% [1] - International gold prices dropped significantly, with spot gold down 0.91% to $4044.67 per ounce [2] - International oil prices also fell, with WTI crude down 0.57% to $59.75 per barrel and Brent crude down 0.53% to $64.05 per barrel [2] Industry Insights - A research team from Xi'an University of Electronic Science and Technology announced a breakthrough in AI energy consumption, reducing power usage by 57.2% and area by 30.7% through a new hardware architecture [3] - The AI computing power demand is growing exponentially, and the new adaptive ADC architecture could significantly alleviate energy pressure in data centers and edge devices [3] - The Chinese cosmetics industry is transitioning towards high-quality development, with a market size projected to reach 1,073.8 billion yuan in 2024, expecting a steady growth of 5%-10% over the next five years [4] - The 3D printing industry is moving from technology validation to large-scale application, with the global market expected to exceed $84-115 billion by 2030, maintaining a compound annual growth rate of 20%-30% [5][6]

Summary of the Announcement - In 2025, the Shenyang Market Supervision Administration conducted a supervision sampling inspection of cosmetics, completing a total of 105 batches across 9 categories. Seven batches were found to be non-compliant, and legal actions for verification and disposal have been initiated [1]. Group 1: Inspection Results - A total of 105 batches of cosmetics were sampled and tested in Shenyang [1]. - Out of the 105 batches, 7 batches were identified as non-compliant with regulations [1]. - The inspection covered various categories of cosmetics, ensuring a comprehensive evaluation of the market [1]. Group 2: Compliance Status - The following products were found to be compliant: - "如幼金盏花婴童倍护乐肤霜" produced by Guangzhou Yuming Biotechnology Co., Ltd. [1] - "蓝宝贝婴儿山茶油护臀膏" produced by Guangzhou Zanyu Cosmetics Co., Ltd. [1] - "时尚贝贝婴童水润四季保湿润肤露" produced by Guangzhou Meiziyuan Daily Chemical Co., Ltd. [1] - "小黄豆婴童防皴滋润霜" produced by Guangzhou Cailin Daily Chemical Co., Ltd. [1] Group 3: Regulatory Actions - The Shenyang Market Supervision Administration has initiated legal actions for the 7 non-compliant batches to ensure consumer safety and compliance with regulations [1].

Core Viewpoint - The article discusses the tax deduction rules for business entertainment expenses incurred by companies at different stages of their operational lifecycle, particularly focusing on the differences between the construction period and the normal operation period [2][4]. Group 1: Business Entertainment Expenses in Different Stages - During the construction period, companies can deduct 60% of the actual business entertainment expenses related to the establishment activities, even if there is no operational income [4]. - The normal operation period allows for different deduction rules, where business entertainment expenses are capped at 60% of the incurred amount, with a maximum limit of 0.5% of the annual sales revenue [3][4]. Group 2: Deduction Procedures and Regulations - Companies can choose to deduct the accumulated business entertainment expenses in the year they commence operations or treat them as long-term deferred expenses, but this choice is irrevocable once made [4]. - It is essential for companies to classify and document different types of expenses accurately to avoid violations of tax regulations [4]. Group 3: Advertising and Promotion Expenses - Companies can deduct advertising and promotional expenses up to 15% of their annual sales revenue, with any excess being carried forward to future tax years [12]. - Specific industries, such as cosmetics and pharmaceuticals, have higher deduction limits of up to 30% of sales revenue for advertising expenses, while tobacco companies are prohibited from deducting any advertising expenses [14].

Group 1 - The article discusses the distinction between small-scale taxpayers and small micro-profit enterprises regarding VAT benefits, emphasizing that only small-scale taxpayers can enjoy VAT reductions [3][7]. - Small-scale taxpayers who are also classified as small micro-profit enterprises can benefit from VAT exemptions if their monthly sales do not exceed 100,000 yuan or quarterly sales do not exceed 300,000 yuan [4]. - If a small-scale taxpayer exceeds the sales threshold, they will still benefit from a reduced VAT rate of 1% instead of the standard 3%, resulting in significant savings [5]. Group 2 - General taxpayers classified as small micro-profit enterprises do not qualify for the same VAT benefits and must calculate VAT based on the standard method of output tax minus input tax [6]. - The article clarifies that the VAT benefits are specifically tied to the small-scale taxpayer status, not directly to the small micro-profit enterprise classification [7]. - The policy basis for these VAT reductions is outlined in the announcement from the Ministry of Finance and the State Taxation Administration [8].

Core Insights - The company reported a revenue of 860 million yuan for the first three quarters of 2025, representing a year-on-year growth of 24.42% [1] - The net loss attributable to shareholders of the listed company was 29.505 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 30.6845 million yuan [1] - The basic loss per share was 0.29 yuan [1]

Group 1 - The core point of the article is that Jiaheng Jiahua reported a revenue increase of 24.42% year-on-year for the first three quarters of 2025, amounting to approximately 860 million yuan, while also experiencing a net loss of about 29.5 million yuan attributable to shareholders [1][1][1] - The basic earnings per share for the company is reported as a loss of 0.29 yuan [1][1][1] - As of the report, Jiaheng Jiahua has a market capitalization of 3.9 billion yuan [1][1][1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a new "slow bull" pattern [1][1][1]

Core Insights - The emergence of "plant callus" as a key term in the cosmetics industry is highlighted, with multiple extracts from rare plants like snow lotus and peony being registered with the National Medical Products Administration [1][2] - The technology of plant callus cultivation allows for controlled, soil-free production of active plant ingredients, addressing issues of supply stability and sustainability [1][9] - The trend indicates a shift towards "green manufacturing," positioning callus technology as a new productive force in China's beauty industry [1][8] Industry Developments - Since 2025, plant callus has rapidly gained attention in the cosmetics sector, with six related ingredients registered, five of which were completed in 2025 [2][3] - Notable companies involved in this trend include Water Sheep Co., Huaxi Kou, and innovative upstream firms like Weiming Shiguang and Baiyue Te [1][4][6] - The registration of snow lotus callus powder by Gu Yu brand marks a significant milestone in utilizing rare plants through cell culture technology [4][6] Technological Advancements - Plant callus technology is based on the plant's self-repair mechanism, producing undifferentiated cells that secrete beneficial compounds for skincare [12][13] - The cultivation methods include solid and liquid culture techniques, with liquid culture allowing for industrial-scale production [14][16] - The ability to control environmental factors in callus cultivation enables customized production of active ingredients, enhancing research efficiency and production stability [17][21] Market Implications - The technology addresses the instability of traditional plant supply chains, providing a consistent and high-quality source of active ingredients [9][20] - Companies like Water Sheep emphasize the importance of technological solutions to overcome raw material shortages and promote high-quality standards in the cosmetics industry [9][18] - The shift towards plant callus technology represents a sustainable and scalable production model, aligning with consumer expectations for environmentally friendly products [28][29] Future Directions - The industry is exploring three main pathways: upgrading existing raw materials, providing sustainable alternatives for endangered plants, and integrating technology with AI and synthetic biology [25][27][28] - The ongoing development of plant callus technology signifies a broader transition in the beauty industry towards resource-efficient and environmentally friendly practices [29]