（原标题：揭秘涨停丨超百万手买单抢筹这只热门股） 今日A股市场收盘共78股涨停，剔除掉27只ST板块个股后51股涨停，34股封板未遂，整体封板率为 69.64%。 连云港：公司将进一步加强国际枢纽海港建设，充分发挥陆海联运、东西双向开放的区位优势，不断提 升公司市场占有率和经营质效。 南京港：子公司龙集公司目前是长江上规模化、 现代化、专业化的集装箱港口，是省市重点打造的海 港枢纽经济区。 涨停战场：宁波海运超百万手买单封板 从收盘涨停板封单量来看，热门股宁波海运封单量最高，有134.89万手；其次是综艺股份、宁波远洋、 吉林化纤，涨停板封单分别41.29万手、37.63万手、37.58万手。 从连续涨停天数来看， *ST亚振8连板，成飞集成7连板，苏州龙杰、迎丰股份5连板，宁波海运、宁波 远洋、集泰股份等9股3连板，综艺股份、吉林化纤、*ST天择等11股2连板，其他还有交大昂立5日4板 等。 以封单金额计算，11股封单资金超亿元，宁波海运、宁波远洋、成飞集成封单资金居前，分别为5.49亿 元、4.18亿元、3.7亿元。 宁波海运已连续3个交易日一字涨停。宁波海运日前在投资者问答平台上表示，公司主要经营国内沿 ...

Core Viewpoint - The 2024 Annual Shareholders' Meeting of Guangdong Marubi Biotechnology Co., Ltd. outlines the company's operational performance, strategic initiatives, and financial results, emphasizing growth in revenue and profit, alongside a focus on innovation and brand development in the beauty industry. Financial Performance - The company achieved a total revenue of 2.97 billion yuan in 2024, representing a year-on-year increase of 33.44% [29] - The main brand Marubi generated 2.06 billion yuan in revenue, up 31.69% year-on-year, while the PL brand reached 905 million yuan, a growth of 40.72% [31] - The gross profit margin improved to 73.7%, an increase of 3.01 percentage points, attributed to optimized product structure and cost control [31] - Net profit attributable to shareholders was 342 million yuan, up 31.69%, with a higher growth rate of 73.86% for net profit after excluding non-recurring gains and losses [31] R&D and Innovation - The company established a Life Sciences Center to explore new fields such as oral health and oral beauty, enhancing its R&D capabilities [8] - Marubi conducted 42 specialized research projects on raw materials, focusing on innovative plant extracts and bioengineering technologies [9] - The company received recognition as a "National Research Center for Recombinant Functional Proteins," highlighting its advancements in recombinant collagen technology [9] Brand Development - Marubi maintained its position as the top seller in the eye care category for three consecutive years, with the "Peptide Little Red Pen" eye cream achieving online sales of 533 million yuan, a 146% increase [12] - The PL brand successfully launched several products, with six foundation products each generating over 100 million yuan in annual GMV [14] - The company emphasized a dual-brand strategy, focusing on both Marubi and PL to drive growth and market presence [24] Marketing and Sales Strategy - The company implemented a multi-channel marketing strategy, achieving significant online sales growth, with online channels contributing 85.61% of total revenue [31] - Marubi's Tmall flagship store saw a 28% increase in sales, with a focus on enhancing user experience and member engagement [16] - The company utilized emotional and interactive marketing campaigns to strengthen brand recognition and consumer connection [13] Organizational Development - The company is committed to building a young, knowledgeable, and professional workforce, enhancing organizational agility and collaboration [20] - Marubi launched the "Marubi YOUNG Plan" to nurture new talent and improve overall employee capabilities [21] - The company emphasized a culture of innovation and teamwork through various creative activities and training programs [21]

在国际巨头们频频买子，争抢美妆细分赛道增量时，巴西美妆巨头Natura&Co却接连弃子，靠着仅剩的Natura&Co Latam、以及2024年被列为终止经营项 目的雅芳国际，还能撑起业绩吗？ 圣保罗时间5月12日，Natura&Co发布2025年Q1财报，从财报数据来讲，其还面临着挑战，比如，增收不增利，净利润亏损。 财报显示，Natura&Co净利润亏损1.51亿雷亚尔(约合人民币1.91亿元)，同比暴跌83.9%；而净收入则同比大涨45.8%，至66.79亿雷亚尔(约合人民币84.69亿 元)。 另外，梳理Natura&Co财报，还有以下关键信息值得关注： 旗下品牌Natura&Co Latam2025年Q1净收入呈双位数增长，为15.4%； 2025年Q1毛利率上涨46.1%，其中，Natura&Co Latam增长17.0%； 自2024年前三季度首次跌出国际美妆集团TOP10后，Natura&Co再未上位成功。 "Natura&Co Latam继续推进营收改善，墨西哥和阿根廷在整季持续推进，Natura品牌拉美地区业务部分抵消了雅芳品牌拉美地区业务的疲软挑战，而雅芳 国际收益仍低迷。考虑到第一季度 ...

Core Insights - Unilever has decided to close its UK clean beauty brand REN due to internal factors and market challenges, indicating a strategic shift under new CEO Fernando Fernandez [1] - The company has also closed its TATCHA brand's Tmall flagship store and ceased updates on social media, signaling a significant adjustment in its high-end beauty strategy [1] - Unilever's Q1 2025 revenue was €14.8 billion, a slight decline of 0.9% year-on-year, with a 1.3% increase in underlying sales volume [1] Group 1: Business Strategy and Restructuring - Unilever initiated a "growth action plan" last year, which included cutting approximately 7,500 jobs, about 6% of its workforce, and reducing its brand portfolio from over 400 to 30 core brands [2] - The company aims to save approximately €550 million by the end of 2025 through these restructuring efforts, having already reduced around 6,000 full-time employees [2] - The ice cream business is expected to be separated by Q4 2025, with independent operations starting on July 1 [2] Group 2: Financial Performance - Unilever's Q1 revenue breakdown shows Beauty & Wellbeing and Personal Care each generated €3.3 billion, while Home Care, Nutrition, and Ice Cream generated €3.0 billion, €3.4 billion, and €1.8 billion respectively [3] - The company maintains a full-year outlook for 2025, expecting underlying sales growth between 3% and 5% [3] Group 3: Market Dynamics - The Asia-Pacific region is Unilever's largest market, contributing 44% of total revenue, with Q1 revenue of €6.5 billion and a 2% increase in underlying sales [4] - However, the Chinese market has shown signs of decline, with a high single-digit drop in Q1, continuing a trend from the previous year [5] - Unilever is implementing targeted interventions in China, such as expanding product offerings and enhancing brand promotion, with expectations for improvement by H2 2025 [5] Group 4: Competitive Landscape - The company faces increasing competition from local brands and market dynamics, particularly in the personal care and beauty segments, where consumer preferences are shifting towards online and personalized experiences [6] - Unilever's ice cream and personal care segments are under pressure from "consumption downgrade," impacting profitability [6] - Competitors like L'Oréal are planning to maintain growth in China, further intensifying the competitive environment for Unilever [6]

Core Insights - The article discusses the rise of "multi-use" beauty products, particularly focusing on the popularity of a product called "multi-use balm" from the emerging Chinese brand Red Chamber (RC), which has gained significant traction in the market [7][9][30]. Group 1: Product Popularity and Market Trends - The "multi-use balm" from RC is priced around 78 yuan and is marketed as a cost-effective solution that combines lip, blush, and eye makeup in one product, appealing to budget-conscious consumers [9][30]. - In 2023, the search volume for "multi-use balm" on Xiaohongshu increased by 634%, and the number of posts about it rose by 937%, indicating a strong consumer interest and engagement [7][9]. - RC's multi-use balm achieved over 100 million yuan in sales, highlighting its success in the competitive beauty market [9]. Group 2: Consumer Behavior and Preferences - Consumers are increasingly drawn to the concept of "one product for multiple uses," reflecting a desire for convenience and efficiency in their beauty routines [13][15]. - The article notes that while the idea of multi-use products is appealing, consumer experiences vary widely, with some praising the product while others criticize it for not meeting all intended uses effectively [32][40]. - The trend towards multi-use products is seen as a response to the oversaturation and complexity of the beauty market, where consumers are looking for simpler, more versatile solutions [15][30]. Group 3: Competitive Landscape - Major beauty brands like Gucci and NARS have also introduced multi-use products, indicating that the trend is not limited to emerging brands but is a broader industry movement [30]. - Despite the popularity of multi-use products, there is skepticism regarding their effectiveness, as consumers often find that these products do not perform equally well across different applications [32][38]. - The article suggests that the ultimate goal for consumers is not just to have multi-use products but to have products that are frequently used and effective in their intended applications [41].

Core Insights - The performance of domestic beauty companies in China is showing significant divergence, with some achieving remarkable growth while others face declines, indicating a reshaping of the market landscape [1][4][42] Group 1: Company Performance - Proya has become the first domestic beauty company to enter the 10 billion yuan club, with a revenue of 10.778 billion yuan, growing by 21.04% [2] - Other companies like Shangmei and Juzi Biological also reported substantial revenue increases of 62.08% and 57.17% respectively, while Shanghai Jahwa experienced a revenue decline of 13.93% [2][3] - Six beauty companies have revenues exceeding 5 billion yuan, suggesting that this threshold will soon become a significant benchmark for the top 10 domestic beauty brands [1] Group 2: Profitability Trends - Juzi Biological leads in profitability with a profit of 2.062 billion yuan, up 42.06%, while Proya's profit reached 1.552 billion yuan, growing by 30% [3] - In contrast, Shanghai Jahwa reported a loss of 833 million yuan, marking a 266.60% decline, highlighting the stark differences in profitability among companies [3][11] Group 3: Market Dynamics - The current market dynamics indicate a shift towards efficacy-driven products, with companies that successfully launched standout products seeing better performance [4][5] - The competition is intensifying, with new entrants emerging and established brands needing to adapt to changing consumer preferences and market trends [7][30] Group 4: R&D and Strategic Focus - Companies are increasingly focusing on R&D, with most reporting a rise in R&D expenditures, indicating a strategic shift towards innovation and efficacy [20][21] - The trend of acquisitions and investments in technology is becoming a key strategy for companies aiming to enhance market share and scale [23][24] Group 5: Emerging Opportunities - The male skincare market is growing rapidly, presenting new opportunities for brands to capture this segment [36] - The aging population is creating demand for products targeting older consumers, which remains largely untapped [39] - As online sales plateau, brands are shifting focus to offline channels, indicating a potential new battleground for market share [40]

作为今年经济的重头戏，提振消费开了个好头。 杭州市统计局数据显示，一季度，全市社会消费品零售总额2075亿元，同比增长6.3%，比上年全年加 快3.5个百分点。 从扩大优质产品供给、创新多元化消费场景到优化消费环境，今年以来，一系列提振消费政策措施加速 落地，杭城消费市场提质向好，既有"含金量"又见"含新量"。 新需求新供给两侧发力 明星潮牌GOODEES限定快闪店登陆杭城，首日零售额近百万元；潮玩界"顶流"LABUBU在杭州全国首 展，吸引全城年轻人前来打卡；网红奶茶店阿嚒手作首次来杭州，排单也要等两三个小时……开年以 来，"首发经济"在杭州表现亮眼。 消费者争相打卡首店、观赏首展、欣赏首秀，折射出消费市场的多元化需求。消费供给侧也因势而动， 今年，湖滨步行街、钱江新城CBD等12大空间秀场，将开展不少于200次的首发首秀首展活动，推动形 成"全域联动、场景共生"的首发经济生态圈。 需求牵引供给，供给创造需求，正在杭州消费市场生动演绎—— 顺应消费提质升级，传统消费赛道不断突破。 近"30岁"的松木场农贸市场，历经改造后惊艳回归，充满艺术气息的风格，被居民点评"精致得像个美 术馆"；古荡菜市场"爆改"民国风 ...

Core Viewpoint - The global beauty industry is experiencing a significant shift towards sustainable packaging, with 72% of consumers influenced by packaging design when trying new products, and packaging costs accounting for up to 30% of total product costs in high-end brands [1][2] Group 1: Trends in Sustainable Packaging - Sustainable packaging has become a central theme in the beauty industry, with brands focusing on aesthetics that reflect environmental responsibility [2][4] - The United Nations Environment Programme (UNEP) reports that the cosmetics industry generates over 120 billion pieces of packaging waste annually, highlighting the need for a "green revolution" in packaging [4] - Major beauty brands are adopting recyclable and biodegradable materials, which not only reduce resource dependency but also enhance brand image and market competitiveness [4][6] Group 2: Consumer Willingness to Pay - According to McKinsey, 60% of consumers are willing to pay an additional 10% for sustainable packaging, indicating a growing awareness and preference for environmentally friendly products [7] Group 3: Innovative Business Models - The beauty industry is innovating its business models in response to market changes, with initiatives like packaging recycling services being piloted by retailers such as Watsons in Hong Kong [9] - Brands are engaging consumers through concepts like bottle recycling, refillable products, and zero packaging, which resonate with younger consumers [9][11] Group 4: Future of Sustainable Packaging - The beauty packaging sector in China is undergoing structural adjustments due to rising operational costs, with sustainable packaging being viewed as a new value growth driver rather than a cost center [11]

Summary of the Beauty Industry Conference Call Industry Overview - The conference call focused on the beauty industry, particularly the performance and strategies of Tmall during the 2025 618 shopping festival [1][3]. Key Points and Arguments - **Changes in Sales Strategy**: Tmall has canceled the cross-store discount mechanism for the 2025 618 event, replacing it with direct discounts and smart coupons to stabilize daily sales growth. This shift aims to enhance user growth and public traffic while merchants rely more on technological discounts [1][4]. - **Sales Targets**: Tmall's overall sales target for the 2025 618 event is set at 862 billion yuan, with a projected growth rate of 13.5%. The beauty category aims for a sales target of approximately 13.2 billion yuan, expecting an 18% growth [3][4]. - **Investment in Marketing**: Tmall is investing heavily in marketing, including 20 billion yuan in cash subsidies for Taobao Live and 30 billion yuan in smart coupon subsidies from Alibaba. The total shelf subsidy has increased to 58 billion yuan [1][8][9]. - **Collaboration with Xiaohongshu**: Tmall has partnered with Xiaohongshu, investing 6.2 billion yuan to enhance advertising and direct traffic from Xiaohongshu to Tmall, aiming to increase store visit rates [1][10]. - **Performance of Key Brands**: Foreign brands like L'Oréal and Estée Lauder are seeing higher average order values and growth rates compared to domestic brands. Foreign brands are expected to grow at about 7-8%, while domestic brands are projected to grow at around 35% [2][12][13]. - **Consumer Behavior**: The post-00s demographic shows a willingness to accept price increases of 30-50% and an increase in purchase frequency and category diversity [4][13]. Additional Important Insights - **Focus on Quality and Brand**: The platform's algorithms and policies are increasingly favoring quality products and established brands, with a notable increase in average order values for leading brands [12][13]. - **Performance of Domestic Brands**: Domestic brands like Perlay and Kefu are aggressively marketing, with their advertising revenue growth outpacing GMV growth by 20-30 percentage points [22]. - **Price Strategy**: The overall merchant gross profit is expected to improve, with less aggressive price competition compared to the previous year [12][14]. - **Growth Targets for Specific Brands**: Various domestic brands have set ambitious growth targets for the 618 event, with some brands like Kefu aiming for a 50% growth rate [15][16][17][18][19]. Conclusion The 2025 618 shopping festival is characterized by strategic shifts in sales mechanisms, significant investments in marketing, and a focus on quality and brand reputation. The beauty industry is poised for growth, driven by both domestic and foreign brands adapting to changing consumer behaviors and market dynamics.

在上海美容博览会（以下简称"CBE"）到来之际，"怎样找到好产品"的呼声越来越高。 当下，美妆行业进入"竞质"新周期，消费者对美妆产品的功效追求及自身科学素养已达到前所 未有的高度。虽然以质取胜是亘古不变的真理，但什么是"质"以及背后的路径，已经发生巨大 改变。 一方面，市场端对产品品质需求仍在上升，但另一方面，独立研发成本、合规成本仍在不断上 涨 ， 而 中 国 市 场 " 好 产 品 " 的 另 一 重 关 键 定 义 是 " 能 够 人 人 用 得 起 的 产 品 " 。 这 意 味 着 " 既 要 又 要"的极端的"质价比"追求，正在深度考验中国供应链企业的实力。 在今年的CBE上，中国美妆供应链企业会交出怎样的答案？ "功效太卷了" "价格卷到头了"是近年来美妆行业普遍心声。 具 体 表 现 在 消 费 者 端 ， 消 费 者 不 仅 需 要 强 劲 的 功 效 ， 还 要 求 产 品 拥 有 真 实 的 基 础 研 究 作 为 支 撑，清晰的功效机理，并配备专业的功效、测评数据作为论证基础。"高品质"的定义进一步演 化成为对完整科研链路，强大品控能力的具体需求。 此外，在极度同质化的高功效内卷中， ...