证券之星消息，1月13日化妆品板块较上一交易日下跌0.96%，嘉亨家化领跌。当日上证指数报收于 4138.76，下跌0.64%。深证成指报收于14169.4，下跌1.37%。化妆品板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603630 拉芳家化 | | -4712.93万 | 16.90% | -1791.21万 | -6.42% | -2921.71万 | -10.47% | | 300955 嘉亨家化 | | 1218.85万 | 4.85% | -160.96万 | -0.64% | -1057.89万 | -4.21% | | 603605 | | 1200.52万 | 3.24% | -14.99万 | -0.04% | -- - 1185.53万 | -3.20% | | 300132 青松股份 | | 365.39万 | 1.47% | 426.23万 | 1.71% | - ...

国家药监局发布化妆品中苏丹红的补充检验方法 中新网北京1月13日电(记者 左雨晴) 国家药监局近日批准《化妆品中苏丹红I(CI 12055)等4种组分的测定》化妆品补充检验方法，该方法适用于液体(水、油) 类、膏霜乳类、粉剂类、块状类、蜡基类化妆品中苏丹红Ⅰ、苏丹红Ⅱ、苏丹红Ⅲ、苏丹红Ⅳ的含量测定。 截图自国家药监局官网。 此前多家媒体报道，有第三方测评机构称，多个品牌的化妆品被检出含有苏丹红成分。(完) 来源：中国新闻网 编辑：张澍楠 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 ...

Core Insights - The announcement of Zhou Keyu as the skincare ambassador for Winona, a core brand of Betaini Group, reflects a strategic partnership aimed at enhancing professional value and brand image in the sensitive skin care market [1][3] Group 1: Brand and Market Positioning - Winona has been recognized as the top-selling brand in China's sensitive skin care market for five consecutive years (2020-2024), showcasing its strong market presence and professional credibility [4] - The collaboration between Winona and Zhou Keyu is rooted in a shared commitment to professional values, beauty, and health, indicating a long-term strategic vision for Betaini Group [3][4] Group 2: Strategic Development and Ecosystem - Betaini Group is transitioning from a single-brand operation to a multi-brand ecosystem, emphasizing sustainable growth and collaborative synergies among its brands [7][9] - Winona is evolving from a focus on sensitivity repair to a broader range of solutions addressing various sensitive skin needs, which supports the group's ecological expansion and enhances its market offerings [6][9] Group 3: Research and Innovation - Betaini Group's commitment to research and innovation is evident in its high R&D expenditure and the successful registration of new plant-based ingredients, which strengthens its competitive edge in the market [10][13] - The company has established a comprehensive research framework that integrates clinical insights and technological advancements, ensuring the continuous development of unique products [10] Group 4: Sustainability and Social Responsibility - Betaini Group integrates sustainability into its core operations, with initiatives such as ecological restoration in raw material sourcing and a product lifecycle responsibility program [13][15] - The company's long-standing commitment to social responsibility is exemplified by the "We Smile Sunshine Program," which provides skin health services in underserved areas, reinforcing its brand value and market trust [13][15] Group 5: Future Outlook - The strategic focus on building a tightly integrated ecosystem that fosters both internal collaboration and external partnerships is crucial for the long-term viability of Betaini Group [15] - The company's approach to leveraging its professional brand advantages and research capabilities positions it well for sustained growth in the evolving beauty industry [15]

Group 1 - The core issue revolves around the controversy regarding Han Shu's face masks containing the banned ingredient Epidermal Growth Factor (EGF), leading to a significant trust crisis for the brand and its parent company, Up Beauty Co. [2][3] - Han Shu's response included presenting testing reports claiming no EGF was added, but discrepancies in test results from different third-party organizations raise questions about the legitimacy of the findings [4][9] - The investigation highlighted that the cosmetic industry may have "AB formula" practices, where different formulations are used for testing and actual production, contributing to the confusion [4][10] Group 2 - The pricing strategy of Han Shu has come under scrutiny, with reports indicating that a product priced at 399 yuan may only cost around 26 yuan to produce, raising concerns about inflated pricing and marketing over substance [10][12] - Han Shu's heavy reliance on marketing, with significant sales expenses amounting to 23.37 billion yuan in the first half of 2025, contrasts sharply with its low research and development expenditure of only 1.03 billion yuan [11][12] - Up Beauty Co. is heavily dependent on Han Shu, which accounted for 81.4% of the company's total revenue in the first half of 2025, indicating a lack of diversification in its brand portfolio [12][13] Group 3 - The company has attempted to revitalize its other brands, such as One Leaf, but faces challenges due to market saturation and lack of unique competitive advantages [13][14] - The ongoing controversy and reliance on a single brand may hinder Up Beauty Co.'s long-term stability and growth, especially in a highly competitive beauty market [14]

Group 1 - The core viewpoint of the article highlights that Miaokelan Duo (妙可蓝多) has maintained growth amidst market fluctuations, with a revenue increase of 14.22% year-on-year to 1.39 billion yuan and a net profit increase of 214.67% to 42.97 million yuan in Q3 2025 [1] Group 2 - The growth is primarily driven by the B-end market, with liquid milk, cheese, and dairy product trade revenues showing mixed results: liquid milk down 8.55% to 87.15 million yuan, cheese up 22.44% to 1.166 billion yuan, and dairy products down 7.27% to 130 million yuan [2] Group 3 - The company is optimizing its distribution channel by reducing the number of distributors, focusing on quality over quantity, and enhancing efficiency through strategies like "store effect multiplication" and "BC dual-wheel drive" [3] - The integration of Mengniu's cheese business has led to synergies, allowing for a unified B-end operation system and improved service capabilities for core distributors [3] Group 4 - The demand for cheese in the catering market is significantly influenced by foreign brands, but Miaokelan Duo's products are gradually achieving domestic substitution [4] Group 5 - The temporary anti-subsidy measures on EU dairy products by the Ministry of Commerce in December 2025 are expected to accelerate the domestic substitution process, leveraging domestic raw milk price advantages to strengthen competitiveness [5]

Core Viewpoint - The article emphasizes the need to optimize elderly care services and the supply of age-friendly products, promoting community-based solutions and innovative service models for the aging population [1] Group 1: Elderly Care Services - The initiative encourages the expansion of community-based elderly care services through chain operations of care institutions, integrating local resources to provide comprehensive services [1] - Support is provided for the development of specialized medical accompaniment services for the elderly, ensuring regulated assistance during medical visits [1] - The introduction of mobile bathing services to communities is encouraged, offering convenient in-home assistance for elderly individuals [1] Group 2: Age-Friendly Products - The promotion of fashionable elderly care consumer products, including smart rehabilitation aids and lifestyle care items, is highlighted [1] - There is encouragement for the development of cosmetics suitable for older adults, as well as food products that are low in sugar, high in protein, and easy to chew [1] - The initiative supports clothing companies in launching elderly product lines, focusing on safety features, warmth retention, and specific functionalities [1] Group 3: Market Integration and Support - A platform for supply and demand matching is to be established, enhancing the efficiency of regional elderly care resource utilization [1] - Local governments are encouraged to utilize existing expos and fairs to create dedicated sections for the silver economy, facilitating connections among manufacturers, service providers, and consumers [1] - E-commerce platforms and large supermarkets are urged to host themed shopping festivals and create dedicated interfaces for elderly consumers, promoting both online and offline shopping experiences [1]

Core Viewpoint - The Ministry of Civil Affairs and seven other departments have issued measures to cultivate elderly care service operators and promote the silver economy, focusing on optimizing the supply of elderly care services and age-friendly products [1] Group 1: Elderly Care Services - The initiative encourages the expansion and upgrading of convenient living circles within communities, promoting chain operations of elderly care institutions to integrate surrounding resources [1] - There is a push for home care services for the elderly, encouraging housekeeping companies to actively develop these services [1] - Support is provided for the cultivation of specialized medical accompaniment institutions to standardize services for elderly patients [1] Group 2: Product Development - The measures advocate for the introduction of mobile bathing services to communities, offering on-site assistance [1] - A focus on promoting fashionable elderly care consumer products, including smart rehabilitation aids and life care items [1] - Encouragement for the development of cosmetics suitable for the elderly, as well as food products that are low in sugar, high in protein, and easy to chew [1] Group 3: Clothing and Home Adaptation - The initiative promotes clothing and apparel companies to establish product lines for the elderly, emphasizing age-friendly designs [1] - Research into clothing with specific functions such as safety protection, heat retention, and positioning is encouraged [1] - There is a call to advance home adaptation products to create suitable living environments for the elderly [1]

经济观察网2026年1月12日，深交所官网披露了北京植物医生化妆品股份有限公司首次公开发行股票招 股说明书(申报稿)，公司IPO材料被正式受理。根据招股书，北京植物医生化妆品股份有限公司拟于深 圳证券交易所主板上市，保荐机构为中信证券股份有限公司，本次发行股票数量不超过2,666.67万股， 即占发行后总股本的比例不低于25%。 ...

Group 1 - The core trend in the cosmetics industry is the rise of multifunctional makeup products that combine skincare benefits, such as products that integrate eyeliner and eyebrow pencil, or lipsticks and blushes [1] - The demand for skincare-infused makeup is driven by consumer preferences, with 26% of surveyed consumers ranking "skincare" as the second most important factor after makeup effect, surpassing traditional considerations like price and texture [1] - The target demographic for this trend primarily consists of young individuals aged 24 to 44 and urban women, particularly in first-tier and new first-tier cities, who represent 29% of this group [1] Group 2 - Domestic brands are effectively capturing this demand by leveraging gentle skincare ingredients, such as traditional Chinese herbal extracts, and aligning with the "Chinese skincare aesthetics" favored by the younger generation [2] - The concept of "efficiency and convenience" is becoming a significant keyword in makeup consumption, leading to a surge in multifunctional products that simplify the makeup process [2] - Data indicates that 51% of surveyed makeup consumers have purchased comprehensive face palettes, with "quickly achieving a full makeup look" being the primary consideration for this category [2]

Investment Rating - The report assigns an "Accumulate" rating for the industry [5] Core Insights - With the proliferation of AI tools, GEO (Generated Engine Optimization) is expected to become a new marketing paradigm, allowing e-commerce operation companies to leverage their understanding of platforms and content marketing to capture incremental brand marketing demand [2][5] - The Chinese GEO market is rapidly growing, with a year-on-year increase of 215% in Q2 2025, and over 78% of enterprise decision-makers prioritizing AI search optimization in their digital transformation strategies [5] - The transition from traditional SEO to GEO is anticipated to reshape brand marketing strategies, with e-commerce operation companies positioned to benefit from this shift due to their close collaboration with platforms and deep understanding of consumer insights [5] Summary by Sections Industry Overview - The report highlights the shift from SEO to GEO as a significant change in digital marketing strategies, emphasizing the need for brands to adapt to new consumer information acquisition methods [2][5] Investment Recommendations - E-commerce operation companies such as Ruoyuchen, Yiwang Yichuang, and Shuiyang Co. are recommended as key players to watch, with additional related companies including Qingsong Technology, Liren Lizhuang, Baozun E-commerce, and Kaichun Co. [5] Market Trends - The report notes that traditional search engine traffic is projected to decline by 25% by 2026, while AI chatbots and other virtual AI optimization methods are expected to capture more market share [5] - The conversion rate for businesses using GEO is reported to be 2.8 times higher than that of traditional search engines, with a 40% reduction in user decision-making cycles [5]