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最高跌14.8%,7家化妆品原料巨头下滑
3 6 Ke· 2025-08-25 02:45
Core Insights - The global cosmetics raw materials market is experiencing intensified competition, with domestic companies beginning to change their historically weak positions [1] Group 1: Market Dynamics - International giants are responding to challenges such as the pandemic, tariff policies, and rising transportation costs through mergers, splits, and price increases [2] - The merger of DSM and Firmenich, along with Solvay's split of its cosmetics business to form Scentys, has reshuffled the rankings of the top 11 international cosmetics raw material suppliers [2][3] - Dow Chemical leads the market with a net sales of 31.53 billion yuan, followed by BASF and Evonik, with only these three companies surpassing the 20 billion yuan mark [3] Group 2: Performance Analysis - Among the top 11 suppliers, only three companies—Givaudan, DSM-Firmenich, and IFF—reported sales growth, while IFF's performance slightly declined by 0.3% [3][20] - Givaudan's fragrance and beauty segment saw a sales increase of 7% and an EBITDA rise of 5%, indicating strong performance in high-end fragrances and consumer products [7][8] - In contrast, DSM-Firmenich's fragrance and beauty segment experienced a sales drop of 1% and a significant EBITDA decline of 4%, marking the first decline since the merger [10][12] Group 3: Challenges and Strategic Adjustments - The cosmetics raw materials giants are facing a downturn in performance due to various factors, including geopolitical tensions, macroeconomic uncertainties, and increased compliance costs [43][44] - Companies are implementing strategic adjustments such as optimizing business portfolios, workforce reductions, and restructuring to enhance operational efficiency [38][40] - The market is witnessing a shift where reliance on scale-based cost advantages is becoming less sustainable, necessitating differentiation through regulatory compliance and supply chain resilience [43][44]
化妆品原料企业30强揭晓,背后的价值逻辑是什么?
FBeauty未来迹· 2025-08-24 13:03
Core Insights - The report released by the China Fragrance and Cosmetic Industry Association highlights the top 30 cosmetic raw material companies for 2024, emphasizing the importance of raw material innovation in the cosmetics industry [2][5][33] Market Overview - The scale of the Chinese cosmetic raw material market is approximately 644.29 billion yuan for 2024, exhibiting high market concentration with the top 5 companies accounting for 23.9% of the total market revenue [7][8] - The revenue of the top 10 companies reaches 240.07 billion yuan, representing 37.26% of the market, while the top 30 companies generate 354.53 billion yuan, which is 55.03% of the total market [8] Competitive Landscape - The average revenue of the top 10 companies is 24.01 billion yuan, while the average revenue for companies ranked 11-30 drops to 5.72 billion yuan, only one-fourth of the top companies [9] - Foreign companies dominate the top market, with foreign firms in the top 30 generating a total revenue of 205.47 billion yuan, accounting for 57.96% of the total revenue of these companies [10] Trends in the Industry - Chinese companies are making breakthroughs in specific segments, with notable examples including Huaxi Biological, Nanjing Kexin, and Guangzhou Tianci, which are leading in their respective fields [13] - High-value active ingredients are becoming the focal point of market competition, as consumers increasingly prioritize the efficacy of cosmetic products [14] - The trend of domestic substitution is becoming irreversible, with Chinese cosmetic raw material companies gradually replacing imported materials [15] Evaluation Methodology - The evaluation system for the market position of cosmetic raw material companies includes three main dimensions: financial performance (50% weight), innovation capability (40% weight), and ESG performance (10% weight) [17][18] - The financial performance metric focuses solely on revenue from cosmetic raw materials, excluding income from other related products [17] - The innovation capability assessment includes R&D investment, patent quantity and quality, and new material development, with a significant emphasis on R&D spending [19][21] Research Process - The research involved extensive data collection from over a hundred companies, ensuring the accuracy and reliability of the results through a four-tier data verification mechanism [29][30] - The initiative aims to promote brand awareness across the entire supply chain, emphasizing the importance of long-term value creation rather than just sales figures [32][33]
全面分析2025年个人护理成膜剂市场
Sou Hu Cai Jing· 2025-08-18 02:21
Core Insights - The report by Beijing Yihe International Information Consulting Co., Ltd. provides an in-depth analysis of the personal care film-forming agents market, covering global and Chinese markets, and is based on years of industry tracking [1][4] - The report targets a wide audience, including raw material suppliers, manufacturers, research institutions, investors, market analysts, and policymakers, highlighting its relevance across various sectors [4][6] Market Dynamics - Major players in the personal care film-forming agents market include well-known suppliers like Evonik, BASF, and Dow Chemical, with local companies in China such as Hua Yi and Baiyunshan gaining market share through effective strategies [6][7] - The market is expected to grow significantly, driven by increasing consumer demand for quality personal care products, with a particular emphasis on natural film-forming agents [7][8] Industry Structure - The personal care film-forming agents market has a complex supply chain, including raw material supply, production, and marketing, where fluctuations in raw material prices can directly impact production costs [7][8] - The report provides insights into the interrelationships within the supply chain and offers guidance for companies on material selection, production improvements, and market expansion [7] Challenges and Risks - The market faces challenges such as raw material price volatility, high technological barriers for new entrants, and increasing competition, which may hinder smaller companies' ability to invest in R&D [8] - Geopolitical factors, including trade policies and international relations, can significantly affect the global supply chain of film-forming agents, impacting production costs and market pricing [8][9] Regional Insights - The market shows distinct regional characteristics, with North America and Europe focusing on high-performance film-forming agents, while the Asia-Pacific region, particularly China, experiences rapid growth in personal care product demand [9] - In China, stricter regulatory policies regarding product safety and quality are shaping the market, and companies must align their strategies with government directives to gain a competitive edge [9]
“细胞工厂”高效生产氨基酸衍生物
Ke Ji Ri Bao· 2025-08-13 01:21
Core Viewpoint - Amino acid derivatives are gaining popularity in the cosmetics raw material market due to their excellent effects in anti-aging, moisturizing, repairing, and whitening, but traditional production methods face significant limitations [1][3] Group 1: Advantages of Amino Acid Derivatives - Amino acid derivatives exhibit diverse physiological activities and superior application performance compared to single amino acids, making them key ingredients in cosmetics [1][2] - Specific examples include glutamic acid derivatives known for their outstanding moisturizing ability and aromatic amino acid derivatives that possess antioxidant and anti-inflammatory properties [2] Group 2: Limitations of Traditional Production Methods - Traditional production methods for amino acid derivatives include extraction from natural resources and chemical synthesis, both of which have significant drawbacks [3] - Natural extraction is resource-dependent, yielding low quantities at high costs, while chemical synthesis consumes fossil resources and generates toxic waste, compromising safety and environmental sustainability [3] Group 3: Synthetic Biology Technology - The emergence of synthetic biology technology allows for the creation of "microbial cell factories" that can efficiently produce amino acid derivatives [4][6] - This technology involves designing synthetic pathways, utilizing gene editing tools, and optimizing fermentation conditions to enhance production efficiency and reduce costs [4][6] Group 4: Breakthroughs in Production Efficiency - Synthetic biology has enabled significant improvements in production rates, exemplified by the fermentation yield of ergothioneine increasing from milligrams to grams per liter, drastically lowering costs [6] - The technology also aligns with the cosmetics industry's demand for natural, safe, and sustainable ingredients, as it utilizes biomass and operates under mild conditions with minimal pollution [6] Group 5: Market Trends and Applications - Amino acid derivatives produced through synthetic biology are rapidly transitioning from laboratory samples to consumer products, with ergothioneine and recombinant collagen becoming popular in high-end anti-aging lines [7] - Other derivatives like γ-aminobutyric acid and γ-polyglutamic acid are also being mass-produced, indicating a growing market for these innovative ingredients [7] Group 6: Challenges in Scaling Production - Despite the promising advancements, challenges remain in optimizing microbial strains, enhancing enzyme performance, and ensuring consistent production at scale [8][9] - The transition from laboratory to industrial-scale production presents difficulties in maintaining metabolic stability and yield, necessitating further research and development [8][9] Group 7: Future Outlook - Experts remain optimistic about the future of synthetic biology in producing amino acid derivatives, believing that advancements in gene editing and fermentation processes will overcome existing challenges [9][10] - The integration of synthetic biology technology is expected to drive the cosmetics industry towards greener and more sustainable practices, enhancing the safety and efficacy of skincare products [10]
科思股份股价上涨1.31% 化妆品原料龙头最新动态
Jin Rong Jie· 2025-08-11 17:47
Group 1 - The latest stock price of Kosi Co., Ltd. is 15.45 yuan, reflecting an increase of 1.31% compared to the previous trading day [1] - The trading volume for the day reached 1.06 billion yuan, with a total of 69,241 hands traded [1] - Kosi Co., Ltd. specializes in the research, production, and sales of active ingredients and raw materials for cosmetics, including categories such as sunscreen agents and whitening agents [1] Group 2 - The company provides raw material products to many well-known global cosmetics enterprises [1] - On the capital flow front, the net outflow of main funds for Kosi Co., Ltd. on that day was 531,000 yuan, with a cumulative net outflow of 2.21 million yuan over the past five days [1]
两大原料巨头冲刺IPO,美越关税落地利好出口板块情绪修复
SINOLINK SECURITIES· 2025-07-06 07:50
Investment Rating - The report indicates a positive sentiment towards the beauty and personal care sector, particularly driven by the upcoming IPOs of two major raw material companies, Weiqi Technology and Jiakai Biological [2][17]. Core Insights - The IPOs of Weiqi Technology and Jiakai Biological are expected to inject new momentum into the beauty raw materials market and enhance competitiveness within the sector [2][17]. - The recent U.S.-Vietnam tariff agreement is seen as beneficial for the export sector, particularly for textile manufacturing companies that have established production capacities in Vietnam [3][18]. - The retail performance in the apparel sector showed improvement in May, with a year-on-year growth of 4.0%, attributed to favorable weather and promotional events [4][20]. Summary by Sections Section 1: IPOs and Market Dynamics - Weiqi Technology and Jiakai Biological have submitted their IPO applications, with Weiqi holding a 6.6% market share in China's peptide raw materials industry, making it a leader in the sector [2][12][17]. - Jiakai focuses on plant-based and microbial fermentation raw materials, with a strong portfolio of products aimed at various cosmetic functions [11][14]. Section 2: Tariff Implications - The U.S. has agreed to impose a 20% tariff on goods imported from Vietnam, which is lower than previously anticipated, thus reducing the downside risk for companies in the textile sector [3][18]. - The textile manufacturing sector is expected to recover as the tariff situation stabilizes, with many companies already positioned in Vietnam [19]. Section 3: Industry Data Tracking - The apparel retail sector showed a month-on-month improvement in May, with a notable increase in consumer spending driven by seasonal factors and promotional activities [4][20]. - Raw material prices remained stable, with cotton prices showing slight fluctuations, indicating a relatively stable supply chain environment [21][22]. Section 4: Investment Recommendations - The report recommends investing in apparel brands like Hailan Home, which is adapting to consumer trends and has strong profitability potential [39]. - In the beauty sector, companies like Juzhi Biological and Jinbo Biological are highlighted for their resilience and upcoming product launches [5][39]. - The gold and jewelry sector remains attractive due to rising gold prices, with strong recommendations for brands like Laopu Gold [5][39]. Section 5: Market Performance Review - The textile and apparel sector saw a weekly increase of 1.36%, ranking 11th among 29 industry sectors, indicating a positive market sentiment [6][40]. - Key performers in the textile sector included Jihua International and Jiangnan Buyi, while the beauty sector faced mixed results with some companies experiencing declines [6][45]. Section 6: Industry News and Trends - The report notes significant growth in the beauty category on platforms like Douyin, with a total GMV exceeding 20 billion yuan in June, showcasing the strength of domestic brands [48].
2025年中国化妆品原料行业独立市场研究报告-沙利文
Sou Hu Cai Jing· 2025-06-21 13:57
Core Insights - The report focuses on the independent market research of the Chinese cosmetics raw materials industry for 2025, analyzing the current status and trends from multiple dimensions [1] - The demand for high-quality and innovative raw materials is increasing due to consumers' rising expectations for safety and efficacy, driven by advancements in biotechnology and green chemistry [1][6] Market Overview - The global cosmetics raw materials market was valued at $88.56 billion in 2019 and is projected to reach $114.24 billion by 2024, with a CAGR of 5.2%. By 2029, it is expected to grow to $169.43 billion at a CAGR of 8.2% [21][23] - The Chinese cosmetics raw materials market was valued at ¥114.78 billion in 2019, expected to grow to ¥160.39 billion by 2024, with a CAGR of 5.7%. By 2029, it is projected to reach ¥256.18 billion at a CAGR of 8.6% [25][27] Industry Trends - Future trends include a revolution in raw materials driven by biotechnology, an upgrade in precise skincare demands, a deepening commitment to sustainable development, and accelerated policy support for technology transformation [2][31] - The industry has undergone several iterations, evolving from natural raw materials to synthetic, efficacy-driven, and now to biotechnology-driven solutions [10][9] Competitive Landscape - The global market is concentrated in Europe, America, and the Asia-Pacific region, with Chinese companies like Weiqi Technology excelling in peptide fields [2][33] - Major players include BASF, Lubrizol, Croda, and DSM, each with unique competitive advantages in various segments of the cosmetics raw materials market [34] Business Models - The business models in the cosmetics raw materials industry include raw material sales, customized services, and joint research and development, with a growing emphasis on service-oriented models [14][16] - Companies are increasingly offering customized raw materials and collaborative R&D to reduce inventory costs for smaller brands [14] Regulatory Environment - Continuous policy support and regulation are fostering a conducive environment for innovation in the cosmetics raw materials market, with an increasing number of new raw material registrations [17][29] - The Chinese regulatory framework has been evolving to enhance the safety and efficacy of cosmetics, promoting a more transparent and standardized industry [29] Technological Innovations - Advances in biotechnology, nanotechnology, and green manufacturing are driving the development of new raw materials, enhancing their efficacy and safety [19][18] - The integration of AI in formulation design and the use of sustainable production processes are reshaping the industry landscape [31][19]
科思股份:2024年报及2025年一季报点评:短期业绩承压,看好新品放量驱动长期成长-20250427
Soochow Securities· 2025-04-27 08:23
Investment Rating - The investment rating for the company is upgraded to "Accumulate" [1] Core Views - The company's short-term performance is under pressure due to factors such as inventory adjustments and price changes, but long-term growth is expected to be driven by the launch of new products [8] - The company is a global leader in cosmetic raw materials, and while 2024's performance is affected by the downstream inventory cycle, the penetration of new sunscreen agents is a long-term industry trend [8] - The company has sufficient capacity reserves and is actively expanding production, particularly in Malaysia, which will enhance its risk resistance and internationalization [8] Financial Summary - In 2024, the company is projected to achieve total revenue of 22.76 billion yuan, a decrease of 5.16% year-on-year, and a net profit attributable to shareholders of 5.62 billion yuan, down 23.33% [8] - The gross margin for 2024 and Q1 2025 is expected to be 44.40% and 34.04%, respectively, reflecting a decline due to price adjustments in sunscreen products [8] - The company's earnings per share (EPS) for 2024 is projected at 1.66 yuan, with a price-to-earnings (P/E) ratio of 12.61 [1][9]
科思股份:天衡会计师事务所(特殊普通合伙)关于南京科思化学股份有限公司申请向不特定对象发行可转换公司债券的审核问询函之回复报告
2023-01-18 12:36
关于南京科思化学股份有限公司 申请向不特定对象发行可转换公司债券的 审核问询函之回复报告 【天衡专字 (2023) 00017 号】 天衡会计师事务所 (特殊普通合伙) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台(http://ac.mof.gov.cn)"进行查询 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台(http://ac.mof.gov.cn)"进行查询的 南京科思化学股份有限公司 审核问询函之回复报告 关于南京科思化学股份有限公司 申请向不特定对象发行可转换公司债券的 审核问询函之回复报告 天衡专字(2023)00017 号 深圳证券交易所: 贵所于 2022年 11月 9 日下发的《关于南京科思化学股份有限公司申请向不特定对象 发行可转换公司债券的审核间询函》(审核函〔2022〕020268 号)(以下简称"审核问询 函")已收悉。天衡会计师事务所(特殊普通合伙)作为科思股份的申报会计师(以下简称 "会计师"),就审核问询函中需会计师核查的相关问题进行了认真核查与落实。现将有关 情况汇报说明如下: 问题二 报告期内, 发行人境外收入分别为 98,191.57 万元、88 ...