（1）成人失禁用品市场现状：成人失禁用品主要包括成人纸尿裤、拉拉裤和护理垫，其使用者一般为老年失禁者和残疾失禁者，其中老年失禁者为主要目 标消费群体。截至2019年末，我国60岁及以上人口总数约为2.54亿，占总人口的18.13%。根据美国疾病预防控制中心的报道，在超过65岁的老年人中， 50.9%存在尿失禁或意外大便失禁的情况。与国外发达国家（日本80%、北美60%、西欧58%）相比，我国成人失禁护理用品渗透率处在较低水平（仅 3%），主要由于消费者意识较为保守，轻度失禁群体使用失禁用品的意愿较低，中重度失禁患者是目前主要消费群体。参照发达国家发展经验，轻度失禁 产品或越来越受欢迎，老龄人口的增加以及消费者意识的提升，成人失禁用品的市场空间具备扩容潜力。在此情况下，具备线上电商等渠道和线下特通等渠 道的全渠道能力，发展全面多元的产品矩阵和品牌力，成为业内企业构筑壁垒的核心竞争力。 （2）成人失禁用品行业市场规模：近年来，我国成人失禁用品市场总体保持快速增长的趋势。根据中金企信数据，中国成人失禁用品零售市场规模从2018 年的55.3亿元人民币增长到2023年的83.1亿元人民币，2018-2023年复合增长 ...

Core Insights - The article emphasizes that despite the prevailing narrative of economic hardship, certain industries are thriving and generating substantial profits, particularly in the context of Japan's "lost 30 years" and its implications for China [3][4]. Group 1: Emerging Opportunities - The article identifies eight key industries that are experiencing growth despite a low-desire society, highlighting that consumer demand is shifting rather than disappearing [4][5]. - The second-hand economy is booming, with examples like Japan's "Daikokuya" and China's "Hongbulin" and "Panghu" seeing significant revenue increases as consumers opt for second-hand luxury goods [6][7][8][9]. - The pet economy is flourishing, with brands like "Inaba" in Japan and "Guibao" in China witnessing strong sales, as younger generations prioritize spending on pets over traditional family structures [11][12][13][14][15]. Group 2: Health and Wellness Trends - The adult care market is expanding, with Japan's "Unicharm" leading the adult diaper segment, which has surpassed $10 billion in market size, indicating a potential growth area in China [16][17][18]. - Health food and beverage sectors are rising due to changing demographics and increased health awareness, with brands like "Oriental Leaf" and "Jianchun" gaining traction in the post-pandemic era [21][22]. Group 3: Beauty and Lifestyle - The beauty economy is thriving, with products like collagen supplements and home beauty devices achieving significant sales, reflecting a consumer desire for affordable beauty solutions [23][25]. - Outdoor and leisure activities are gaining popularity, with brands like "Snow Peak" in Japan and various Chinese outdoor brands experiencing rapid sales growth, as consumers seek experiences over material possessions [25][26][27]. Group 4: Emotional and Convenience Economies - The emotional economy is highlighted through the success of brands like "Labubu" and "Rio," which cater to consumers' desires for comfort and enjoyment during challenging times [28][29][30]. - The convenience economy is on the rise, with frozen food brands and smart home appliances addressing the needs of younger generations who have less time for cooking [33][35][36]. Group 5: Strategic Planning and Future Outlook - The article concludes by urging businesses to adapt their strategies in light of these emerging trends, emphasizing the importance of strategic planning and resource allocation to thrive in a low-desire economy [39][40].

Core Viewpoint - The article discusses the internal conflict within Reliable Co., highlighting the opposition from the second-largest shareholder, Bao Jia, against the company's third-quarter report for 2025, raising concerns about governance and transparency [3][4][5]. Financial Performance - In Q3 2025, Reliable Co. reported revenue of 280 million yuan, a year-on-year increase of 4.59%, while the net profit attributable to shareholders was a loss of 294,200 yuan, and the net profit after deducting non-recurring items was a loss of 1.6277 million yuan [7][8]. Governance Issues - Bao Jia has consistently opposed the company's reports, citing issues such as the concealment of investment project bankruptcies and the alteration of her dissenting opinions in board announcements [4][5][17]. - The company responded by asserting that it adheres to legal and regulatory requirements in its decision-making and information disclosure processes [5]. Shareholder Dispute - The conflict escalated following the divorce between Bao Jia and the company's actual controller, Jin Liwei, leading to a power struggle over company governance [20][21]. - Bao Jia has raised multiple concerns regarding the company's management capabilities and financial practices, including significant increases in management and consulting fees without corresponding revenue growth [8][14]. Regulatory Concerns - Bao Jia highlighted that the company has faced regulatory warnings regarding violations of disclosure rules related to related-party transactions, which have not been adequately addressed [23]. - The Zhejiang Securities Regulatory Bureau issued a warning to Reliable Co. for failing to disclose related-party transactions in a timely manner, which has raised concerns about the company's governance practices [23]. Recent Developments - Reliable Co. announced plans to acquire at least 60% of Shanghai Hanhua Paper Co. for no more than 650 million yuan, a decision that Bao Jia claims she was not informed about prior to the announcement [25][26]. - Despite the company's reported revenue growth, Bao Jia expressed skepticism about the strategic direction and governance structure, emphasizing the need for a return to compliant and professional management practices [26][27].

Core Viewpoint - The recent third-quarter report of Reliable Co., Ltd. has faced strong opposition from its second-largest shareholder and director, Bao Jia, highlighting deep governance issues stemming from personal conflicts between her and the company's actual controller, Jin Liwei [2][21][34]. Financial Performance - In the third quarter, Reliable Co., Ltd. achieved a revenue of 280 million yuan, representing a year-on-year growth of 4.59%. However, the net profit attributable to shareholders was a loss of 294,200 yuan, with a non-recurring net profit loss of 1.6277 million yuan [4][24]. Governance Issues - Bao Jia has consistently opposed the company's reports, citing issues such as the concealment of investment project bankruptcies and the alleged misconduct of the actual controller regarding shareholding in suppliers. She claims that her dissenting opinions were altered or deleted in official announcements [2][5][12]. - The company has responded by asserting that all decisions and disclosures comply with relevant regulations and that the governance structure is functioning effectively [2][25]. Specific Allegations - Bao Jia raised seven specific objections regarding the third-quarter report, including: 1. Violations in related party transactions confirmed by regulatory warnings [25][26]. 2. Allegations of the actual controller's involvement in undisclosed shareholding arrangements with suppliers, which may involve significant conflicts of interest [27]. 3. Non-disclosure of a bankrupt investment project prior to the half-year report, raising concerns about the accuracy of financial disclosures [28]. 4. Suspicion regarding the authenticity of management and legal consulting fees, which have shown unusual fluctuations [30]. 5. Concerns about the actual controller's ongoing civil litigation and potential asset transfer risks [25][28]. 6. Criticism of the management team's operational capabilities and decision-making failures [25][28]. 7. A significant loss in the third quarter, questioning the management's effectiveness [25][28]. Shareholder Dynamics - The conflict between Bao Jia and Jin Liwei has escalated since their divorce in February 2024, leading to a power struggle within the company's governance [34][36]. - Bao Jia has attempted to convene extraordinary shareholder meetings to address governance issues, but these proposals have been consistently blocked by the board [37]. Recent Developments - On October 30, Reliable Co., Ltd. announced plans to acquire at least 60% of Shanghai Hanhe Paper Industry Co., Ltd. for a cash consideration of up to 650 million yuan. Bao Jia expressed that she was unaware of this significant investment decision until after the announcement, raising concerns about governance and decision-making transparency [38].

曾获得残奥会赛艇冠军的单子龙，在退役后回到广州增城承包果园，种植荔枝、龙眼及番石榴。然而， 果园经营并不轻松，高昂的快递成本和价格波动使他多次面临亏损，但作为一名曾经的运动员，体育精 神始终激励着他，让他保持韧性和寻求创新。 单子龙发现，许多退役运动员难以找到发展方向，"从零开始"成为普遍挑战，因此他希望把果园打造成 残疾人运动员创业互助平台，让更多残疾人有一条路可以走。 自强不息的精神不仅体现在残疾人运动员的故事中，走下赛场，更多的残疾人创业者在人生赛场奋力拼 搏。 （原标题：残特奥会倒计时，残疾人创业者以奋斗诠释生命力量） 南方财经记者谭砚文 实习生曹玥迪 广州报道 12月8日，全国第十二届残疾人运动会暨第九届特殊奥林匹克运动会将在粤港澳三地举行。为迎接残特 奥会，十五运会和残特奥会广州赛区执委会日前组织自强不息分享会，四位残疾人创业者围绕各自奋斗 经历展开分享。 从赛场到生活，退役的残疾人运动员在寻求新的创业机遇。轮椅马拉松冠军陈满塘的体育生涯几经转 折，2010年初，他开始接触轮椅篮球。到后来，他加入射箭队，又由于分级问题转型到竞速田径。 退役后，他的创业之路也几经波折。陈满塘的第一次创业是在餐饮行业 ...

Core Insights - The article emphasizes that despite the prevailing narrative of economic hardship, certain industries are thriving and generating substantial profits, particularly in the context of Japan's "lost 30 years" and its implications for China [3][4]. Group 1: Economic Trends - The concept of a "low-desire society" does not equate to a lack of opportunities, as consumer behavior is shifting towards different spending patterns [4]. - The article identifies "consumption upgrading" and "demand migration" as significant business opportunities in the current economic landscape [5]. Group 2: Key Industries - The second-hand economy is booming, with examples like Japan's "Daikokuya" and China's "Hongbulin" and "Panghu" seeing significant revenue increases as consumers opt for second-hand luxury goods [6][7]. - The pet economy is on the rise, with brands like "Inaba" in Japan and "Guobao" in China experiencing strong sales growth, reflecting a shift in spending towards pet care products [12][13][14]. - The adult care market is expanding, with Japan's "Unicharm" leading the adult diaper segment, which has surpassed $10 billion in market size [17][18]. - Health food and beverage sectors are thriving due to changing demographics and rising health consciousness, with brands like "Oriental Tree Leaf" and "Jianchun" gaining traction in China [21]. - The beauty economy remains robust, with products like collagen supplements and home beauty devices seeing high sales, indicating a persistent consumer desire for self-improvement [23][24][26]. - Outdoor leisure activities are gaining popularity, with brands like "Kailas" and "Camel" in China experiencing rapid sales growth as consumers seek outdoor experiences [29][31]. - The "lazy economy" is emerging, with increased demand for convenience foods and smart home appliances, as consumers prioritize time-saving solutions over traditional cooking [39][40][42]. Group 3: Market Opportunities - The article suggests that the current economic climate presents opportunities for those willing to invest in counter-cyclical sectors, highlighting the importance of recognizing and seizing these opportunities [44].

Core Insights - The Chinese government has introduced a significant policy to boost consumption, focusing on enhancing the adaptability of supply and demand through a comprehensive implementation plan with 19 key tasks aimed at promoting a two-way economic cycle [1][2] Group 1: Policy Overview - The implementation plan was jointly released by six government departments, including the Ministry of Industry and Information Technology and the National Development and Reform Commission [1] - The plan emphasizes the importance of matching consumer demand with production, highlighting the need for quality products that meet market needs [1] Group 2: Market Potential - China is the world's second-largest consumer market, with the largest middle-income group, indicating substantial growth potential in consumption [1] - The rise of new technologies such as artificial intelligence and virtual reality is accelerating the emergence of new consumption patterns, creating opportunities for market expansion [1] Group 3: Demographic Insights - By the end of 2024, the elderly population in China is projected to reach 310 million, accounting for 22% of the total population, indicating a growing market for elderly care products and services [2] - There is a significant unmet demand across various demographic groups, including children, students, and young adults, suggesting potential for multi-trillion market opportunities [2] Group 4: Supply-Side Structural Reform - The implementation plan aims to address structural mismatches in supply and demand, promoting the entry of high-quality consumer goods into everyday life [2] - The focus is on supply-side structural reform, encouraging brand leadership, standard upgrades, and the application of new technologies to enhance production quality [2]

Core Viewpoint - The Ministry of Civil Affairs and the State Administration for Market Regulation have jointly released the "Guidelines for the Construction of the Elderly Care Service Standard System (2025 Edition)" to enhance the standardization and evaluation system for elderly care services, aiming for high-quality development in this sector [1] Group 1: Standard System Overview - The revised 2025 edition expands the sub-systems from three to four, including: General Basic Standards System, Service Provision Standards System, Service Guarantee Standards System, and Service Management Standards System [2] - The General Basic Standards System aims to unify fundamental and general concepts and scopes in the elderly care sector [4] - The Service Provision Standards System is designed to standardize the content and specific requirements of elderly care services [4] - The Service Guarantee Standards System focuses on regulating the operational support elements for various elderly care institutions, including personnel training, job settings, environmental construction, facilities, technology assistance, information technology, and elderly products [4] Group 2: Current Challenges and Future Directions - The Deputy Director of the Elderly Care Service Department highlighted that while significant progress has been made in standardization, there are still shortcomings in the system's framework, mechanism, and element guarantees, such as an imbalance in standard supply and a predominance of recommended standards over mandatory ones [6] - The upcoming focus will be on accelerating the development of key core standards, emphasizing speed, quality, and mandatory nature to increase the effective supply of standards [6] Group 3: Focus on Elderly Products - As of October 2025, the State Administration for Market Regulation has published a total of 262 national standards related to elderly-friendly and barrier-free designs, with 13 standards specifically for elderly products, including appliances, furniture, shoes, reading glasses, and adult diapers [9] - The Deputy Director of the Standards Technology Department stated that there will be a continued emphasis on coordinating standards for elderly products and services, particularly in key areas such as rehabilitation aids, textiles, home appliances, public facilities, smart products, and life services [11]

Core Viewpoint - The Ministry of Civil Affairs and the State Administration for Market Regulation have jointly issued the revised "Guidelines for the Construction of the Elderly Care Service Standard System (2025 Edition)", aiming to enhance the quality of elderly care services and establish a standard system that aligns with China's national conditions [1][2]. Group 1: Standardization and Quality Improvement - The revised guidelines optimize the standard system framework, clarifying standard targets and improving structural organization to adapt to new developments in elderly care services [2][3]. - New secondary and tertiary indicators have been added, particularly in service provision, to address the characteristics of different service scenarios such as home, community, and institutional care [2][3]. - The guidelines include indicators for "age-friendly transformation services," "safety management," and "technology assistance for the elderly," reinforcing health management policies like health assessments and monitoring [2][3]. Group 2: Addressing Current Challenges - Despite a large number of elderly care institutions and diverse service models, there are still deficiencies in service quality and risk management, necessitating the clarification of service content and quality requirements [3]. - The revision aims to tackle issues such as unbalanced standard supply, weak guidance, and ineffective implementation of key standards, ensuring that standardization keeps pace with the evolving needs of elderly care services [3]. Group 3: Supporting Elderly Needs - The increasing diversity in the needs of the elderly population in areas like care, health management, and social security highlights the importance of a robust standard system for ensuring high-quality elderly living [4]. - As of October this year, 262 national standards related to age-friendliness and accessibility have been published, supporting the establishment of a senior-friendly society [4]. Group 4: Future Directions - The State Administration for Market Regulation plans to enhance collaboration with relevant departments to accelerate the development of essential and urgently needed elderly care standards, particularly in home and community care, quality safety, and smart elderly care [5]. - The implementation of the guidelines is seen as an opportunity to promote the effective application of important standards, supporting the establishment of a unified national elderly care service standard and evaluation system [5].

Core Viewpoint - The Ministry of Civil Affairs and the State Administration for Market Regulation have jointly issued the revised "Guidelines for the Construction of the Elderly Care Service Standard System (2025 Edition)", aiming to enhance the quality of elderly care services and establish a standard system that aligns with China's national conditions [1] Group 1: Standardization and Quality Improvement - The revised guidelines are designed to adapt to the rapid development of new business models, technologies, and practices in elderly care, addressing issues such as the lack of standards and unbalanced supply structures [1][3] - The new version optimizes the standard system framework, adding multiple secondary and tertiary indicators, particularly in service provision, to ensure comprehensive coverage of various service scenarios [2][3] Group 2: Health and Safety Focus - New indicators have been introduced, including "elderly-friendly renovation services," "safety management," and "technology assistance for the elderly," to enhance health management and care services [2][4] - The guidelines emphasize the need for standardized practices to improve service quality and ensure the safety of elderly individuals, addressing existing deficiencies in service content and quality requirements [3] Group 3: Support for Elderly-Friendly Society - As of October this year, China has released 262 national standards related to elderly care and accessibility, contributing to a robust standard system that supports the construction of an elderly-friendly society [4] - The standardization of elderly products is also progressing, with 13 national standards published to enhance the quality of products tailored for the elderly, ensuring they meet specific needs [4] Group 4: Future Directions - The State Administration for Market Regulation plans to strengthen collaboration with relevant departments to accelerate the development of essential standards for elderly care, particularly in home and community settings [5] - The implementation of the guidelines is seen as a catalyst for establishing a unified national standard and evaluation system for elderly care services, promoting the coordinated development of the elderly care sector and industry [5]