Market Overview - The cosmetics sector increased by 1.29% on January 9, with Shuiyang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Individual Stock Performance - Shuiyang Co., Ltd. (300740) closed at 25.65, up 5.90% with a trading volume of 223,500 shares and a transaction value of 561 million yuan [1] - Qingsong Co., Ltd. (300132) closed at 8.70, up 2.47% with a trading volume of 253,700 shares [1] - Beitaini (300957) closed at 41.20, up 1.85% with a trading volume of 163,500 shares and a transaction value of 261 million yuan [1] - Other notable stocks include Furuida (600223) at 7.53 (+1.76%), Jiaheng Jiahua (300955) at 39.89 (+1.68%), and Huaye Fragrance (300886) at 26.64 (+1.06%) [1] Capital Flow Analysis - The cosmetics sector experienced a net outflow of 31.72 million yuan from institutional investors and 34.45 million yuan from speculative funds, while retail investors saw a net inflow of 66.18 million yuan [2] - Individual stock capital flows indicate that Qindao Jinwang (002094) had a net inflow of 13.96 million yuan from institutional investors, while it faced a net outflow of 1.23 million yuan from speculative funds [3] - Other stocks like Qingsong Co., Ltd. (300132) and Beitaini (300957) also showed mixed capital flows, with varying levels of net inflows and outflows from different investor categories [3]

Core Viewpoint - Qingsong Co., Ltd. (300132.SZ) announced that its wholly-owned subsidiary, Norsbel Cosmetics Co., Ltd., has been recognized as a high-tech enterprise by the National High-tech Enterprise Recognition Management Work Leading Group Office, which is expected to enhance its market position and innovation capabilities [1] Group 1 - The recognition certificate number for Norsbel is GR202544006589, with an issuance date of December 19, 2025, and a validity period of three years [1] - The announcement was made following the release of the second batch of high-tech enterprise recognition reports for Guangdong Province [1]

Core Viewpoint - Qingsong Co., Ltd. (300132.SZ) announced that its wholly-owned subsidiary, Norsbel Cosmetics Co., Ltd., has been recognized as a high-tech enterprise by the National High-tech Enterprise Recognition Management Work Leading Group Office, with a certificate number GR202544006589, issued on December 19, 2025, and valid for three years [1]. Summary by Category - **Company Recognition** - Norsbel Cosmetics Co., Ltd. has successfully passed the high-tech enterprise recognition [1]. - The recognition is part of the second batch of high-tech enterprises for Guangdong Province for the year 2025 [1]. - **Certification Details** - The certificate number for the recognition is GR202544006589 [1]. - The issuance date of the certificate is December 19, 2025, and it will remain valid for three years [1].

附件 化妆品监督抽检产品合格信息（2025年第01号） 附原文： 广元市市场监督管理局关于化妆品"你点我检"抽检情况的通告（2025年第01号） 为进一步加强化妆品质量安全监管，深入贯彻落实化妆品质量安全监管要求，拓宽社会各界参与化妆品质量安全监督渠道，今年，我局组织开展了化妆 品"你点我检"专项抽检。 根据征集的公众意见，本次专项抽检任务涉及儿童类和祛斑美白类两个大类，共计16批样品，检验结果均为合格。（详见附件）特此通告。 广元市市场监督管理局 2025年12月24日 中国质量新闻网讯 近日，四川省广元市市场监督管理局网站发布化妆品"你点我检"抽检情况通告（2025年第01号）。 | 序 | | 产 品 | | 注册人/备 | | 注册证编 | 生产单位 | | | | | 检 验 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 产品名称 | 类 | 生产日期/批号 | 案人名称 | 注册人/备案人地址 | 号/备案编 | 名称 | 被抽样单位 | 检验机构 | 检验依据 | 检 ...

Core Viewpoint - The recent announcement of share reduction by Maogeping Company, a leading domestic high-end cosmetics brand, has attracted significant market attention, highlighting the wealth and financial strategies of its founders, Maogeping and his family [2][3]. Group 1: Company Overview - Maogeping Company, listed on the Hong Kong Stock Exchange, has a market capitalization of HKD 42.25 billion as of January 8, 2024, with projected revenue exceeding HKD 3.8 billion for the year [2]. - The company was founded in 2000 by Maogeping, who transitioned from a film makeup artist to a prominent figure in the beauty industry [2]. Group 2: Wealth and Shareholding Structure - Maogeping and his spouse, Wang Liqiong, have a combined wealth of RMB 12.5 billion, ranking them 2188th on the 2025 Hurun Global Rich List [3][4]. - The family holds a significant portion of the company's shares, with Maogeping and Wang Liqiong owning approximately 29.22% of the equity, while other family members collectively hold over 50% [5][6]. Group 3: Financial Performance - The company has experienced rapid growth since 2021, with a compound annual growth rate (CAGR) of 35.04% in revenue and 38.56% in net profit, significantly outpacing industry averages [9]. - Revenue figures from 2021 to 2024 show a consistent upward trend, with revenues increasing from RMB 1.577 billion in 2021 to RMB 3.885 billion in 2024, and net profit rising from RMB 331 million to RMB 881 million [9][10]. - In the first half of 2025, the company reported revenues of RMB 2.588 billion and a net profit of RMB 670 million, reflecting year-on-year growth rates of 31.3% and 36.1%, respectively [9][10]. Group 4: Product and Market Position - Maogeping's flagship brand contributes over 99% of the company's revenue, with a diverse product range that includes over 400 items across makeup, skincare, and fragrance categories [10][11]. - The company maintains a high gross margin, consistently above 83%, which is significantly higher than competitors like Proya and Shanghai Jahwa [9][10]. - Notable products include the "Luxury Caviar Cushion" and "Light Sense Soft Color Powder Cake," each generating over RMB 200 million in retail sales in the first half of 2025 [13]. Group 5: Future Prospects - The company is expected to continue its growth trajectory with plans to expand into new markets and product lines, including fragrances, supported by the establishment of a new R&D center in Hangzhou [10]. - As of October 2025, the family's wealth has reportedly increased to RMB 20.5 billion, indicating a successful financial strategy and business expansion [10].

据中国消费者报报道，多款化妆水产品存在"大字吸睛 小字免责"的情况，这些品牌在直播间主播的宣传中往往被"神话"，一瓶化妆水就能解决多种皮肤问 题。 比如在娇韵诗官方旗舰店的直播间里，有关于"少女水""弹簧水""塑颜水"等产品的介绍，但是细看产品海报才发现，底部小字标注着"名称仅为产品昵称"， 对应的备案名称分别是娇韵诗青春赋活透亮精华水、娇韵诗紧致焕颜弹力精华水、娇韵诗多维塑颜精华水。 在"弹簧水"的宣传中，号称"深度保湿 1小时肌肤水分+57%""透亮细腻 4周肌肤角质更新加快+4%""弹润紧致 4周肌肤紧致+3%"。详情页中，娇韵诗用小子标 注了数据来源于"娇韵诗合作实验室测试数据，实际使用效果因人而异"，是基于女性受试者使用后经技术员评估的结果，最多的一项受试者为50人。 还有ESCP旗舰店中的一款维生素B5舒缓保湿精华水，宣称"熬夜急救""速舒缓抢修护""深度锁水 干敏红也不慌""应对干燥起皮、脆弱泛红、粗糙暗沉、屏障 受损等多种皮肤危机""去黄提亮""收缩毛孔"等。 而在通过国家药监局化妆品备案信息查询时发现，这款产品的主要功效是保湿、舒缓，与其宣传对比来看不免存在一定的夸大情况。 以及温博士旗舰店 ...

Group 1 - Water Goat Co., Ltd. experienced a stock price increase of 5.08% on January 9, reaching 25.45 yuan per share, with a trading volume of 346 million yuan and a turnover rate of 3.89%, resulting in a total market capitalization of 9.926 billion yuan [1] - The company's stock has risen for three consecutive days, with a cumulative increase of 3.06% during this period [1] - Water Goat Co., Ltd. was established on November 1, 2012, and went public on February 8, 2018, focusing on the research, production, and sales of cosmetics, with main business revenue composition being 81.84% from lotions and creams, 17.32% from masks, and 0.84% from other products [1] Group 2 - Wan Jia Fund has a significant holding in Water Goat Co., Ltd., with the Wan Jia CSI 2000 Index Enhanced A Fund (019920) holding 9,500 shares, representing 0.44% of the fund's net value, making it the eighth largest holding [2] - The fund has generated an estimated floating profit of approximately 11,700 yuan today, with a floating profit of 6,840 yuan during the three-day stock price increase [2] - The Wan Jia CSI 2000 Index Enhanced A Fund was established on January 21, 2025, with a current scale of 13.2558 million yuan and a year-to-date return of 4.46%, ranking 1,767 out of 5,509 in its category [2]

为切实保障化妆品质量安全，连日来，新疆维吾尔自治区乌苏市市场监管局强化党建引领，积极践 行"实干争先"理念，开展化妆品质量安全专项检查。 下一步，该局将继续加大监管力度，并开展好宣传教育，营造安全放心的化妆品消费环境。（杜志锋、 刘鹏、马婧） 此次专项检查，该局执法人员通过塔通办·扫码检查方式，深入各大商场、超市、化妆品专卖店，以护 肤保湿、防冻防裂类化妆品为重点，查看经营单位进货查验制度执行、产品标签、存储条件、产品保质 期等情况，查看祛斑美白、防脱发类特殊化妆品是否存在非法宣称"药妆、医用面膜、表皮生长因子、 睫毛生长液"等，是否经营变质、超过使用期限的化妆品；是否存在染发类化妆品"一号多用"违法行为 等，杜绝同一文号的染发化妆品标注不同颜色、不同色号、不同适用发质等违法情形，严查不落实化妆 品进货查验制度，严厉打击未经注册备案、标签标识不符合规定、非法添加、自行灌装和使用过期变质 化妆品等违法违规行为。 ...

近期，北京植物医生化妆品股份有限公司在深交所主板IPO审核状态更新为"已问询"，即将登陆A股市 场，展示了DR PLANT植物医生如何通过三十年的战略定力、科研深耕与格局拓展，构建起穿越产业周 期的强大品牌力。 植物医生品牌公司创立于1994年，多年来深耕"高山植物护肤"这一核心赛道。 这种坚守并非固步自封，而是基于对消费趋势的深刻洞察。通过将中国传统高山植物智慧与现代护肤科 技相结合，植物医生成功打造了"石斛兰""紫灵芝""冬虫夏草"等标志性产品系列，在消费者心中建立 了"天然、安全、有效"的鲜明认知。值得注意的是，即使在2022年至2024年行业充满挑战的时期，公司 仍实现了营收的稳定增长与净利润的持续提升，这种穿越周期的韧性，正是长期专注所带来的必然回 报。 植物医生的"长期"除了体现在时间跨度上，更体现在对核心技术"十年磨一剑"的耐心上。 2014年，植物医生与中国科学院昆明植物研究所签订了长达20年的战略合作协议，双方联合成立的研发 中心，是实实在在的科研攻坚。值得一提的是，经过多年持续投入，团队成功从特有铁皮石斛中提取出 高活性的石斛寡糖成分，并验证了其在促进胶原蛋白生成方面的显著功效。这项"石斛 ...

近日，韩国小众彩妆品牌hince在中国市场的线上布局出现重大调整，清空多家线上店铺商品。1月1日起，hince天猫国际海外旗舰店与天猫旗舰店率先按 下"暂停键"。与此同时，其抖音海外旗舰店及上述两家店铺也已不见商品踪影，处于清空状态。 公开资料显示，hince成立于2018年年末，隶属于韩国Vivawave公司，是韩国首个强调自然美的感性和情绪概念的彩妆品牌，它具有经典设计的情感包 装，强调产品的自然色彩和曲线，基于"第二皮肤粉底"和"真维度光泽膏"等热门产品，在韩国"MZ世代"（千禧一代+Z世代）中迅速走红。2022年销售额 达218亿韩元，其中海外收入占比50%，日本市场贡献主要增量。 2023年10月，韩国美妆巨头LG生活健康以425亿韩元收购Vivawave 75%股权，意图通过hince的日本渠道基础拓展海外中高端彩妆市场。彼时，LG生活健 康表示，预计日本和海外的MZ消费群体在未来拥有更大的购买力时，集团能够抢占并进一步扩大中高端化妆品领域的商机。 对于hince多家线上店铺清空商品的情况，LG生活健康方面向媒体表示，"该品牌被收购之后还在独立运作。"同时，hince在中国市场的运营方水羊国际则 ...