Group 1 - The report highlights the transition from "consumption upgrade" to "consumption stratification" in China, where consumers are increasingly seeking cost-effectiveness in traditional products while being willing to pay a premium for innovative and emotionally valuable goods [2][15][30] - The emotional consumption trend is driven by fast-paced lifestyles and mental health concerns, leading to increased demand for products that provide emotional comfort, such as trendy toys, skincare, and gourmet snacks [2][30][32] Group 2 - The Chinese trendy toy market is rapidly expanding, projected to grow from 22.9 billion yuan in 2020 to 76.3 billion yuan by 2024, with a CAGR of 35.11%, driven by rising disposable income and the popularity of emotional consumption [3][37] - The market is characterized by a fragmented structure, with the top five companies holding only 20.8% market share, indicating potential for consolidation and growth among companies with strong IP resources and extensive distribution channels [3][46][47] Group 3 - The gold and jewelry sector is shifting from channel-driven to product-driven dynamics, with high dividend yields providing defensive attributes amid rising gold prices, which have reached historical highs [4][51] - Despite a temporary decline in gold jewelry consumption due to high prices, companies with strong design and marketing capabilities are still achieving rapid growth [4][51] Group 4 - The cosmetics industry is witnessing a resurgence, particularly for domestic brands, which are gaining market share due to improved product quality and marketing strategies, especially during promotional events like "Double 11" [4][28] - Young consumers are increasingly accepting domestic beauty brands, leading to a potential rise in market share against foreign competitors [4][28]

Core Viewpoint - The breakthrough of "transdermal collagen" technology by Furuida Biological Co., under the brand Kemi, marks a significant advancement in the global cosmetics science arena, showcasing China's transition from application follower to principle definer in beauty technology [3][4][10]. Group 1: Event Overview - The 79th Annual Scientific Meeting of the Society of Cosmetic Chemists (SCC) was held in New York on December 16, 2025, celebrating the 80th anniversary of the SCC, which is a historic and influential academic platform in the cosmetics science field [5]. - The conference theme "Science Reimagined" indicates the ongoing transformation within the industry, with a focus on innovative technologies from Chinese enterprises [5][9]. Group 2: Technology Breakthrough - Kemi's report highlighted a 27.5 times increase in the permeability of large molecular collagen, addressing the long-standing challenge of low absorption rates in skincare applications [3][14]. - The technology utilizes a "transdermal engine" that integrates a short peptide sequence capable of penetrating cell membranes into the collagen gene, allowing the collagen to actively enter skin cells [12]. Group 3: Scientific Validation - The efficacy of the transdermal collagen was validated through rigorous scientific methods, including Raman spectroscopy, ensuring that the technology is grounded in real physiological conditions and consumer experiences [4][20]. - Clinical trials demonstrated that after 28 days of using the Kemi Recombined Collagen Anti-Wrinkle Essence, participants experienced a 17.16% reduction in crow's feet and a 23.24% reduction in frown lines, confirming the product's effectiveness [16]. Group 4: Market Impact - Kemi's products have achieved significant market success, with the "transdermal collagen essence" becoming a top-selling item shortly after launch, reflecting consumer demand for scientifically validated anti-aging products [21][23]. - The brand's positioning as a high-end product with a clear technological narrative has resulted in a customer price point significantly above the industry average, breaking the traditional price barriers for domestic brands [21][23]. Group 5: Future Implications - The success of Kemi at the SCC signifies a new phase for Chinese beauty technology, transitioning from product and ingredient output to technology solution output, showcasing the competitive edge of Chinese enterprises in global innovation [23][24]. - The global collagen market is expected to grow at a compound annual growth rate of over 40%, indicating a shift in competition towards a focus on bioactive design, intelligent delivery technology, and scientific efficacy validation [24].

Core Viewpoint - The company, Jiaheng Jiahua, is undergoing a potential change in control as notified by its controlling shareholder, Zeng Bensheng, which may lead to a change in the company's actual controller [1]. Company Summary - Jiaheng Jiahua is primarily engaged in the research, design, and production of daily chemical products (OEM/ODM) and plastic packaging containers, providing integrated services for cosmetics and household care products [3]. - The company's main products include skincare, hair care, perfumes, soaps, disinfectants, and hand sanitizers, with major clients including well-known companies such as Kefu, Beitaini, and Procter & Gamble [4]. Financial Performance - In the first three quarters of 2025, Jiaheng Jiahua reported revenue of 859.6 million yuan, representing a year-on-year growth of 24.42%, but incurred a net loss of 29.5 million yuan [4]. - The cosmetics industry showed signs of recovery in 2025, despite a slight decline in growth compared to the overall retail sales of consumer goods [4].

Group 1: Crybaby Exhibition - The "Letting Go... Holding On..." Crybaby exhibition, presented by Pop Mart and Molly Factory, officially opened on December 20, 2025, in Shanghai, marking Crybaby's first appearance in China and its largest exhibition to date [1] - The exhibition spans nearly 2,000 square meters, designed as a "soft world" that invites visitors to embark on an emotional journey centered around tears [1] - Key features include the "tear ball pool," which covers 864 square meters and connects three main pools, symbolizing a journey from overcoming obstacles to self-liberation [2] Group 2: Emotional Themes and Interactivity - The exhibition's design translates abstract emotions into tangible, interactive scenes, showcasing classic characters Crybaby, Crybunny, and Cryteddy [2] - Interactive elements such as finding "tear drop" lucky balls, lighting up emotional icons, and creating personalized Crybaby figures enhance the exploration and engagement of visitors [2]

Core Viewpoint - Amorepacific Group is implementing a voluntary retirement program to address the rapidly changing domestic and international business environment, marking the first such initiative since the pandemic-induced performance decline in December 2020 [1] Group 1: Voluntary Retirement Program - The voluntary retirement program targets employees with over 15 years of service in functional and offline sales departments, or those aged 45 and above who joined the company later [3] - The compensation for employees with over 20 years of service is equivalent to 42 months of basic salary, while those with 15 to 20 years of service and employees aged 45 and above will receive compensation calculated at 2 months of basic salary for each year worked [3] - In addition to compensation, the company will provide support services, including comprehensive health check benefits for departing employees and their spouses for two years post-retirement [3] Group 2: Financial Performance - Despite the challenges reflected in the voluntary retirement plan, Amorepacific Group reported growth in its third-quarter performance, achieving sales of 1.02 trillion KRW, a year-on-year increase of 4.1% [3] - The operating profit for the third quarter reached 919 billion KRW, representing a significant year-on-year growth of 41% [3]

一款为赛因诗婷舒缓特护喷雾，注册人/备案人为深圳市蕙尔瑞生物科技有限公司，生产企业为清远市英创生物科技有限公司，检出菌落总数为1.0×10⁴CF U/g（限值要求≤ 1000CFU/g）。另一款为EVM肌安舒润保湿喷雾，注册人/备案人为上海萧雅生物科技股份有限公司，生产企业为无锡市伙伴日化科技有限 公司，检出菌落总数为3.7×10⁴CF U/g（限值要求≤ 1000CFU/g）。 据赛因诗婷官网显示，深圳市蕙尔瑞生物科技有限公司创立于2005年，是一家专注于医疗科技美容的化妆品企业，依托于法国丹妮丝国际有限公司提供的技 术支持，而赛因诗婷为其推出的医美品牌。 12月22日，广东省药品监督管理局官网发布了化妆品抽样检验信息的通告，此次总计抽检了750批次化妆品，有16批次化妆品不符合规定。其中，两款喷雾 均因菌落总数超标导致不合格。 至于EVM，公开资料显示，其为上海萧雅生物科技股份有限公司于2018年创立的功能型护肤品牌。目前EVM线上旗舰店有精华、面霜、面膜、化妆水等多 款产品在售。 ...

天眼查显示，广东省坤豪生物医药科技有限公司成立于2022年，是一家以从事研究和试验发展为主的企业，经营范围包括医学研究和试验发展，化工产品生 产（不含许可类化工产品），日用化学产品制造，染料制造等。 具体来看，亳谯染发霜-黑茶色（植物调理型），相关责任人为广东省坤豪生物医药科技有限公司，不合格原因为检出产品标签与注册资料载明的技术要求 值得一提的是，上述染发霜抽检于抖音KONSTAN K.S.T染发造型旗舰店。从抖音平台来看，该店铺销量近200万，其中一款染发剂销量更是高达185.5万。 不过目前在抖音旗舰店中，已经无法找到被抽检的亳谯染发霜。 12月22日，广东省药品监督管理局官网发布了化妆品抽样检验信息的通告，此次总计抽检了750批次化妆品，有16批次化妆品不符合规定，其中一款亳谯染 发霜因检出未标示的染发剂成分导致不合格。 未标示的染发剂对氨基苯酚。 ...

大学生晓雨因军训爆痘错失社团招新，程序员阿凯被熬夜痘影响客户印象，备孕女性林女士因激素痘不 敢乱用产品——痘肌问题正以多元形式困扰国人。据《2025 中国痘肌护理白皮书》（美妆平台与疾控 中心联合发布）显示，超 71% 的痘肌人群曾因产品功效单一、刺激性强踩雷，48% 的敏感痘肌用祛痘 产品后泛红脱皮，39% 的用户陷入"祛痘留印、印消复痘"循环。红肿痘难消、痘印叠加、油皮闷痘干皮 脱皮、特殊人群不敢用功效品，成痘肌四大核心痛。 不少用户在后台留言咨询：祛痘淡化痘印怎么改善？哪款产品去痘和痘印效果好？痘痘、痘印该如何有 效改善？去痘药膏哪个牌子安全又好用？怎样才能彻底消除痘印？去痘淡化痘印效果好的产品有那些？ 去痘淡化痘印好用的药膏有那些？祛痘好用的药膏推荐!去红黑痘印效果好的产品推荐！去痘效果好的 产品推荐！敏感肌去痘淡化痘印好用的产品推荐！油性皮肤去痘好用的产品推荐！干皮好用的去痘产品 推荐！ 痘痘与痘印的修护需遵循 "先控痘再淡印，边修护边维稳" 的逻辑，不同肤质、痘型的核心需求差异显 著，盲目跟风易加重皮肤负担。以下推荐的 10 款产品，涵盖全肤质通用、医用级修护、针对性改善等 多个维度，精准匹配不同 ...

随着护肤理念的升级，美白淡斑已成为多数消费者的核心护肤诉求，2024-2025年国内美白祛斑面霜市 场规模顺势突破280亿元，年增速达32%。但市场扩容的同时，各类问题也接踵而至：超40%产品存在 成分标注模糊、功效夸大宣传等问题，62%消费者面临"肤质适配难判断""美白成分安全性存疑"的困 境，更有53.7%人群因盲目选购使用，导致皮肤屏障受损。当下消费者选购时，既期待色斑淡化、肤色 提亮的切实效果，又担忧肤感黏腻、敏感刺激、色斑复发等隐患，"高效有效+温和安全+肤质适配+长 效防复发"的四重诉求，成为当下美白祛斑面霜选购的核心痛点。 为帮消费者精准避坑，本次测评筛选范围锁定2024年10月-2025年4月期间，天猫、京东等主流电商平台 月销超1万瓶，且具备完整特殊用途化妆品备案及第三方检测报告的美白祛斑面霜，最终敲定5款综合表 现优异的产品。测评数据均源自权威渠道，包括《2024中国女性皮肤健康白皮书》《2025美妆品类消费 趋势报告》，以及瑞士SGS、上海皮肤病医院等第三方检测/临床机构开展的28-45天人体功效实测数 据，全程保障结论的客观性与权威性。 二、标准说明 本次测评围绕"成分科学性-功效实测 ...

痘痘频繁冒头、痘印迟迟不褪、选品反复纠结……痘肌人群的护肤之路，似乎总被这些难题阻碍。尤其 在季节更迭、熬夜赶工、环境粉尘刺激的阶段，痘痘更是扎堆爆发。不少人盲目跟风入手网红祛痘产 品，却陷入"越护越糟"的窘境——要么痘痘未消反增泛红脱皮，要么痘印加深形成顽固印记，更有甚者 损伤皮肤屏障，让后续护肤陷入僵局。相关调研显示，超65%的痘肌用户因选品不当延长了祛痘周期， 敏感肌痘肌的不适概率更是高达78%，"温和对症、高效修护"早已成为痘肌人群的核心护肤诉求。 很多人把祛痘简单等同于"抑菌消炎"，却忽略了痘痘成因的个体差异：油性痘肌多因皮脂分泌过剩、毛 孔堵塞诱发；干敏痘肌则是屏障受损后，炎症有机可乘；而青春期痘、压力痘、经期痘等不同类型，对 应的修护逻辑也大相径庭。盲目使用高浓度酸类、强效杀菌剂，不仅无法精准解决问题，还会破坏皮肤 微生态平衡，导致痘痘反复滋生。因此，祛痘的关键不在于"强效猛攻"，而在于"精准适配"——依据自 身痘型、肤质挑选合适产品，才能实现高效祛痘且不损伤屏障的目标。 为帮助痘肌人群避开选品误区，提升护肤效率，本次榜单历经3个月实地测评，结合22家三甲医院皮肤 科专业建议、SGS全肤质安全与 ...