2月23日，科丝美诗公布了2025年第四季度及全年财报。2025年全年科丝美诗实现营业收入2.3988万亿韩元，同比增长10.7%；实现营业利润1958亿韩元，同 比增长11.6%。其中，2025年第四季度科丝美诗实现营业收入6010亿韩元，同比增长7.7%；实现营业利润409亿韩元，同比增长2.7%。 科丝美诗在全球化妆品代工领域占据重要地位，是全球最大的化妆品代工企业之一。自1992年成立以来，科丝美诗始终稳居全球化妆品代工行业的龙头位 置，服务客户包括欧莱雅、联合利华、雅诗兰黛等国际品牌，以及花西子、百雀羚等国产品牌。 目前科丝美诗在全球范围内拥有多个生产基地，包括韩国、中国、美国、印度尼西亚、泰国等地，业务涵盖护肤、彩妆、护发、香水等多个化妆品领域。 从整体业绩来看，科丝美诗的表现良好，而且2025年第四季度净利润增幅显著。不过如果将目光放到其他财务指标会发现，2025年第四季度科丝美诗的营业 成本增速较快，同比增长12.7%，高于营业收入的增速。 另外2025年第四季度，科丝美诗的营业利润实现增长，主要得益于降低销售费用即压缩成本，这意味着利润并非全面改善。 科丝美诗还披露，2025年第四季度确认衍 ...

Core Viewpoint - The article discusses the emerging beauty trend on TikTok known as "Morning Shed," which involves elaborate skincare routines performed overnight and revealed in the morning, gaining significant popularity and viewership [9][21]. Group 1: Trend Description - "Morning Shed" is characterized by a multi-step beauty process where users apply various products before sleeping and remove them upon waking, resulting in a refreshed appearance [9][12]. - The process includes applying eye masks, acne patches, collagen masks, and using tools like silk hair caps and chin straps to enhance beauty overnight [12][14]. Group 2: Professional Opinions - Dermatologists express skepticism about the effectiveness and safety of the "Morning Shed" routine, warning that some products should not remain on the skin longer than recommended [17][19]. - Critics argue that the trend may be more about attracting attention rather than providing genuine beauty benefits, with some professionals labeling it a "scam" [19][21]. Group 3: Market Impact - The trend has led to increased visibility and sales for various beauty products, with brands like L'Oréal leveraging the trend to promote their offerings [21]. - The popularity of "Morning Shed" has resulted in a surge in demand for specific beauty items, such as chin straps and collagen masks, which are now considered must-have products [21].