General Provisions - The company, SYoung Group Co., Ltd., was established in accordance with the Company Law of the People's Republic of China and is registered with a capital of RMB 390 million [1][2] - The company aims to protect the legal rights of shareholders, employees, and creditors while regulating its organization and behavior [1] - The company is a permanent joint-stock company and has a unified social credit code [1][2] Business Objectives and Scope - The company's mission is to allow humanity to enjoy skin beauty and aims to become one of the top ten beauty companies globally [3] - The business scope includes software sales, IT consulting, cosmetics retail, household appliance sales, and biotechnology development, among others [3] Shares - The company's shares are issued in the form of stocks, with a par value of RMB 1 per share [5] - The total number of shares issued by the company is 39,000.4140 million shares, all of which are ordinary shares [5][6] - The company adheres to principles of fairness and equality in share issuance, ensuring that all shares of the same category have equal rights [5] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends, attend meetings, supervise the company's operations, and transfer their shares [11][12] - Shareholders must comply with laws and regulations, pay their subscribed capital, and cannot withdraw their capital except as legally permitted [15] - Shareholders holding more than 5% of shares must declare their shareholdings and are subject to restrictions on share transfers within specified periods [9][10] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting required to be held within six months after the end of the fiscal year [49] - Shareholder meetings can be convened by the board of directors or at the request of shareholders holding more than 10% of shares [55][56] - The notice for shareholder meetings must include details such as time, location, and agenda, and must be sent out in advance [62][63] Financial Assistance and Transactions - The company can provide financial assistance to its subsidiaries under certain conditions, and any financial assistance exceeding 10% of the latest audited net assets must be approved by the board and shareholders [46][21] - Major transactions involving assets exceeding 30% of the latest audited total assets require shareholder approval [47][22] - Related party transactions must be disclosed and may require independent approval if they exceed specified thresholds [24][20]

面对快速变化的市场环境和日益崛起的年轻化消费群体，传奇今生品牌在成分科技、绿色可持续理念、 个性化体验设计及数字化全域营销等维度持续投入，确保品牌活力长青。与此同时，超越单一品牌的发 展维度，传奇今生积极投身美业生态体系建设，致力于实现行业内的共生共赢。通过为渠道伙伴提供赋 能支持、共享前沿行业资讯与发展经验，充分展现了美业品牌的责任与担当。 据了解，"影响力成就品牌"奖项旨在表彰在美业领域具有深远影响力、引领行业创新方向、并获得市场 与消费者广泛认可的品牌。 传奇今生始终将产品品质置于核心地位，以严谨的研发态度和严苛的品控标准构建品牌核心竞争力，在 消费者群体中积累了良好口碑，形成了坚实的市场基础和品牌信任度，为品牌的持续发展奠定了稳固根 基。 传奇今生相关负责人表示，此次获得峰会认可，为传奇今生正在推进的品牌升级战略提供了有力支撑。 传奇今生将继续在美业领域深耕细作，以更加积极的创新姿态，深化全产业链的价值创造，为推动美业 高质量发展贡献力量。(吕小华) 6月23日，被誉为中国美业发展风向标的2025中国美业前沿发展峰会在上海召开。本次峰会以"美业前沿 风向标，点燃年轻新势力"为主题，汇聚了1500余名美 ...

Group 1: Instant Retail Trends - The instant retail lifestyle has gained popularity among consumers, especially during travel, leading to increased sales of various products [1] - During the "May Day" holiday, sales of travel-related products saw significant growth: sunscreen orders increased by 145%, swimming goggles by 152%, women's swimsuits by 115%, outdoor items like picnic mats and tents by 140% and 120% respectively [1] Group 2: L'Oréal's Supply Chain Innovations - L'Oréal showcased its supply chain capabilities at the China International Supply Chain Promotion Expo, highlighting its ability to process over 7,000 consumer orders per hour [3] - The company ensures smooth delivery even during peak promotional periods, with 99% of direct mail packages delivered within an average of 2.4 days [3] - L'Oréal's supply chain agility is crucial for managing a vast array of products, with over 32 beauty brands and thousands of products generating a high volume of daily orders [3] Group 3: Digital Transformation in Cosmetics - L'Oréal announced an upgraded strategic partnership with the China Barcode Technology and Application Association to enhance the digital identity of beauty products [4] - The adoption of QR code technology is transforming operational efficiency in the cosmetics industry, reducing inventory turnover days and improving order delivery rates [4] - The implementation of unique digital identities for each cosmetic product allows for better traceability and quality improvements across the supply chain [4] Group 4: Expo Participation - The expo featured over 650 domestic and international exhibitors, with 35% being foreign participants, and a 15% increase in American exhibitors compared to the previous year [4] - More than 230 companies participated for the first time, showcasing over 100 new products [4]

Investment Dynamics - Wuhan State-owned Assets will become the controlling shareholder of Liangpinpuzi, with a total transaction value of 1.046 billion yuan, resulting in a 21% stake in the company [3] - This transaction is viewed as a long-term strategic choice for Liangpinpuzi, aimed at preparing for development over the next decade [3] Brand Dynamics - Reckitt Benckiser announced the divestiture of its Essential Home business to Advent International for $4.8 billion, retaining a 30% stake, with projected 2024 net revenue of approximately £2 billion [6] - This divestiture aligns with Reckitt's strategy to focus on high-growth, high-margin brands [6] Financial Data - Mango reported a revenue of €1.728 billion for the first half of the year, a 12% increase year-on-year, with international markets contributing 78% of total revenue [17] - Burberry's retail revenue for the first fiscal quarter was £433 million, a 6% decline at reported rates but a significant improvement compared to previous double-digit declines [21] Personnel Dynamics - Shiseido Americas announced layoffs as part of a business transformation to restore growth, with a 19% sales decline in the Americas region [23] - Nordstrom appointed Kelly Dilts as CFO, effective August 29, to oversee core financial functions and strategic initiatives [26] - Burberry appointed four regional presidents to its executive committee, aiming to bring leadership closer to customer decision-making [30]

Group 1 - The article highlights the ongoing "Sunscreen Super Category Day" event on JD.com, offering discounts on various sunscreen products and brands from July 23 [1][6] - The event features multiple brands including Ray-Ban, Bolon, Mosen, L'Oreal Paris, Lancôme, and Anessa, providing essential summer items like sunglasses and skincare products [1][3] - Customers can enjoy discounts such as 20 yuan off for purchases over 199 yuan, 50 yuan off for purchases over 499 yuan, and 80 yuan off for purchases over 799 yuan [1][6] Group 2 - The article emphasizes the importance of suitable sunglasses for summer outings, showcasing products like Ray-Ban aviators, Bolon cat-eye polarized sunglasses, and Mosen polarized sunglasses [3] - It describes the features of various sunglasses, including double beam design for Ray-Ban, modern style for Bolon, and high-definition nylon lenses for Mosen, enhancing visual comfort and style [3] - The article also discusses skincare products, highlighting L'Oreal Paris's sunscreen with 16 times protection, Anessa's quick-drying sunscreen, and Lancôme's post-sun skincare products [4] Group 3 - JD.com is promoting a special event where users can participate in a lottery to win high-end sunscreen products for just 1 penny after answering three sunscreen-related questions [6] - The event encourages users to engage with the app and explore various sunscreen products, aiming to provide comprehensive skin protection during the hot summer [6]

Group 1 - Amorepacific, a South Korean beauty giant, announced the closure of its Innisfree Tmall overseas flagship store while maintaining local channels, aiming to integrate resources and create more efficient sales channels for better consumer service [1] - Innisfree entered the Chinese market in 2012 and rapidly grew due to the "Korean Wave" effect and high cost-performance strategy, reaching over 800 stores at its peak in 2016. However, the brand's market share has been declining due to the rise of local beauty brands and changing consumer preferences, leading to the closure of all offline stores and a focus on online sales [1] - In 2024, Amorepacific's sales revenue in the Greater China region fell by 27%, making it the worst-performing area globally for the group [1] Group 2 - The structure of China's cosmetics consumption market has significantly changed, with domestic brands achieving a 55% market share in 2024, surpassing international brands for the first time. Several domestic beauty companies have also reported revenues exceeding 10 billion yuan [2] - Domestic beauty brands have gained popularity among young consumers through precise market positioning and innovative marketing strategies, achieving breakthroughs in functional skincare and leveraging social media and live-streaming for brand awareness [2] - Industry experts suggest that international beauty brands need to accelerate localization, increase R&D investment, and produce products that meet Chinese consumer demands. The current market trend favors personalized and customized products, with consumers willing to pay for quality and safety [2]

Group 1 - Estée Lauder is launching a new online retail initiative by appointing Aude Gandon as the first Chief Digital and Marketing Officer, effective August 1 [2] - Aude Gandon has extensive experience in brand strategy and data analysis, having previously worked at Nestlé, Google, and LVMH [2] - The company is focusing on the integration of digital and physical worlds to attract younger consumers, who are currently leading beauty trends [2] Group 2 - In the third quarter of fiscal year 2025, Estée Lauder reported net sales of $3.55 billion, a 10% year-over-year decline, with net profit dropping over 50% [3] - The online channel and fragrance business are key growth drivers, with organic sales in the online channel achieving mid-single-digit growth [3] - Estée Lauder is restructuring its business into eight clusters based on product categories to enhance brand positioning and expedite new product launches [3] Group 3 - The importance of online channels is highlighted by the success of domestic beauty brands in China, with brands like Proya and Betaini achieving significant online revenue growth [4] - Other international brands, such as L'Oréal and Procter & Gamble, are also investing heavily in digital transformation, with L'Oréal reporting that 62% of its sales in China came from online channels in 2024 [5]

Group 1 - The core focus of the article is on the competition between JD.com and Meituan in the field of embodied intelligence, highlighting their strategic investments and future directions [2][3]. - JD.com has made significant investments in the robotics sector, including a recent round of funding for Qianxun Intelligent and other robotics companies, indicating a strong commitment to embodied intelligence technology [3][9]. - The article discusses the broader implications of these investments for the supply chain and technology innovation ecosystem, suggesting that JD.com aims to leverage both internal innovations and external investments to enhance its capabilities [9]. Group 2 - The article mentions the rapid growth of the Iraqi market for energy storage, positioning it as a battleground for leading manufacturers, similar to South Africa's market dynamics [6]. - It highlights the increasing trend of Chinese companies expanding overseas, with a focus on the performance of major players in the A-share market and their potential for growth through international ventures [10]. - The report indicates that the export value of Fujian Province to the EU has surpassed 100 billion yuan for the first time, reflecting a significant increase in trade relations [11].

美妆行业的上市热潮，时隔近五年似乎再度拉开帷幕。 《FBe a u t y未来迹》梳理发现，2 0 2 5年刚过半程，已有2 8家美妆产业链相关企业启动了IPO进 程，涵盖品牌、原料、电商服务、包材、医美等多个领域，谷雨、林清轩、绽妍等品牌赫然在 列。 这 波热潮与 近 年 来 的 " 上市难 " 形成鲜明对比。自2 0 2 3年全球IPO 市 场 整 体 降 温 、 政 策 收 紧 以 来，不少企业折戟IPO之路。如今，政策层面显露"松绑"迹象，加之毛戈平、若羽臣等成功上 市带来的示范效应，急需资本"活水"的企业正蓄势待发。 2 0 2 5年，能否重现五年前的上市盛景，并催生改变行业格局的新头部？ 《FBe a u t y未来迹》梳理发现，美妆品牌商成为此轮上市的主力。今年至今共有8家美妆品牌 商奔赴上市，其中不乏知名品牌谷雨、林清轩、绽妍生物等。不过，目前仅有朴荷生物一家成 功上市。 | 上下滑动查看 | | --- | 林清轩也于今年5月正式向港交所递交招股书，计划主板挂牌上市，冲刺港股"国货高端护肤第 一股"。与毛戈平的情况有些类似，主打高端护肤的林清轩，其毛利水平十分引人瞩目。 招 股 书 显 示 ...

Core Insights - The third China International Supply Chain Promotion Expo showcased L'Oréal's commitment to innovation and development in the beauty supply chain [1][2] - L'Oréal emphasizes the importance of collaboration with local partners to enhance operational efficiency and sustainability in China [1][2] Group 1: Company Strategy - L'Oréal's North Asia and China Public Affairs President highlighted the expo as a platform for deep dialogue and joint innovation with supply chain partners [1] - The company launched its first smart operations center in Suzhou, capable of processing over 7,000 direct-to-consumer orders per hour, reflecting its focus on emotional value for consumers [1] - L'Oréal has established strong connections with over 1 billion Chinese consumers through its 32 brands, optimizing its local supply chain system [1] Group 2: Supply Chain Collaboration - L'Oréal collaborates with over 1,600 local suppliers, enabling them to expand their business into markets like South Korea, Japan, France, and the United States [1] - The company aims to drive innovation among small and medium-sized enterprises in the supply chain, turning local innovations into global solutions [1] - A strategic cooperation agreement was signed with the China Barcode Technology and Application Association to enhance the application guidelines for beauty product barcodes, promoting traceability in the global supply chain [1] Group 3: Market Position - China is identified as L'Oréal's second-largest market and a strategic hub for innovation, with the company committed to continuous investment in the region [1][2] - The company believes that the future of the beauty industry relies on collaborative efforts rather than isolated initiatives, aiming for a sustainable and inclusive beauty ecosystem [2]