Core Viewpoint - Four Seasons Pharmaceutical (00460) reported a significant increase in revenue and profitability for the first half of 2025, driven primarily by its aesthetic medicine business, which saw substantial growth due to strategic partnerships and successful marketing initiatives [1] Financial Performance - The company achieved a revenue of 1.146 billion RMB, representing a year-on-year increase of 20.69% [1] - Shareholder profit reached 103 million RMB, marking a turnaround from a loss to profitability [1] - A mid-term cash dividend of 0.99 cents per share is proposed [1] Business Segment Performance - Revenue from the aesthetic medicine segment amounted to approximately 585 million RMB, reflecting a year-on-year increase of about 81.3% [1] - The growth in the aesthetic medicine segment was attributed to enhanced strategic collaborations and the successful implementation of an upgraded marketing strategy [1] - The company made significant advancements in the regenerative field, with two self-developed injectable products receiving market approval [1]

Core Viewpoint - Four Seasons Pharmaceutical (00460) reported a significant increase in revenue and profit for the first half of 2025, driven primarily by its aesthetic medicine business, leading to a rise in stock price by over 4% [1] Financial Performance - Revenue for the first half of 2025 reached 1.146 billion RMB, representing a year-on-year increase of 20.69% [1] - Shareholder profit amounted to 103 million RMB, marking a turnaround from a loss to profit [1] - The company proposed an interim cash dividend of 0.99 cents per share [1] Business Segment Performance - The aesthetic medicine segment generated approximately 585 million RMB in revenue, reflecting a year-on-year increase of about 81.3% [1] - This growth was attributed to strategic partnerships and a successful marketing strategy upgrade for the company's aesthetic platform, Meiyan Space [1] - Meiyan Space achieved breakthroughs in the regenerative field with the approval of two self-developed injection products: polycaprolactone microsphere facial filler (referred to as "girl's needle") and polylactic acid facial filler (referred to as "youth needle") [1]

创新研发及完善产品矩阵是渼颜空间竞争力的核心引擎。目前，渼颜空间已成功打造了五大研发平台， 分别专注于国际创新材料研发、再生材料产品研发、HA类产品研发、生物大分子产品研发和复合创新 材料研发。超过80人的专业高效医美研发团队快速推进产品研发及注册进展，打造了60多个医美产品管 线，覆盖注射、光电设备、减重药品和护肤品等轻医美基础类别。期内，渼颜空间成功实现在再生领域 的进一步突破，其自主研发的两款再生注射类产品—注射用聚己内酯微球面部填充剂(少女针)和聚乳酸 面部填充剂(童颜针)—均获批上市。 四环医药(00460)发布2025年中期业绩，收益11.46亿元(人民币，下同)，同比增加20.69%;股东应占溢利 1.03亿元，上年同期股东应占亏损3342.4万元，同比扭亏为盈;每股基本盈利1.11分;拟派发中期现金股息 每股0.99分。 公告称，收益的变化，来自医美业务的收益约为5.85亿元(2024年同期：3.23亿元)，同比上升约81.3%， 主要由于期内集团旗下医美平台渼颜空间加大与多家医美机构的战略合作以及大力推广营销战略3.0版 本升级取得显著成功，产品获得市场的高度认可，从而推动医美销售收入大幅增 ...

公告称，收益的变化，来自医美业务的收益约为5.85亿元(2024年同期：3.23亿元)，同比上升约81.3%， 主要由于期内集团旗下医美平台渼颜空间加大与多家医美机构的战略合作以及大力推广营销战略3.0版 本升级取得显著成功，产品获得市场的高度认可，从而推动医美销售收入大幅增长。 创新研发及完善产品矩阵是渼颜空间竞争力的核心引擎。目前，渼颜空间已成功打造了五大研发平台， 分别专注于国际创新材料研发、再生材料产品研发、HA类产品研发、生物大分子产品研发和复合创新 材料研发。超过80人的专业高效医美研发团队快速推进产品研发及注册进展，打造了60多个医美产品管 线，覆盖注射、光电设备、减重药品和护肤品等轻医美基础类别。期内，渼颜空间成功实现在再生领域 的进一步突破，其自主研发的两款再生注射类产品—注射用聚己内酯微球面部填充剂(少女针)和聚乳酸 面部填充剂(童颜针)—均获批上市。 智通财经APP讯，四环医药(00460)发布2025年中期业绩，收益11.46亿元(人民币，下同)，同比增加 20.69%;股东应占溢利1.03亿元，上年同期股东应占亏损3342.4万元，同比扭亏为盈;每股基本盈利1.11 分;拟派发中期现 ...

1 、 《 国内第三款"少女针"获批 》摘要 ■ 继伊妍仕（进口）和塑妍（国产）获得批准后，四环医药旗下渼颜空间科技（吉林）也获批注射用 聚己内酯微球面部填充剂（"少女针"）。 ■ 羟基磷灰石材料早前在市场上以"打擦边球"的方式存在，而今年两款相关产品相继获得批准，标志 着这一材料从灰色地带迈向合规发展。 ■ 新材料如PDRN复合溶液和丝素蛋白凝胶也进入临床阶段，预计未来会成为国内医美市场的新兴竞 争者。 ■ 医美材料品类不断丰富，从传统的玻尿酸、肉毒素到新兴的PLA、PCL、羟基磷灰石、琼脂糖等， 国内注射医美市场正朝着多元化、精细化方向发展。 ■ 随着新材料的普及，消费者对医美效果的需求更加注重"自然"和"长效"，例如羟基磷灰石可维持1-2 年，比玻尿酸的短期效果更符合现代消费者的需求。 ■ 中游机构和企业应注重技术品牌化和场景化品牌输出，结合精准的产品定位和服务，逐步提升消费 者对品牌的信任和认知。 2、 《 固态电池量产"提前" 》摘要 ■ 上汽集团 近日透露，新一代固态电池将于2025年底在全新MG4车型上量产应用，并在2027年实现 全固态电池"光启电池"落地。 ■ 上汽发布的 智己L6 车型将搭 ...

Group 1 - The core viewpoint of the news is that Sihuan Pharmaceutical has achieved a significant breakthrough in the medical aesthetics field with the approval of its self-developed injectable polycaprolactone microsphere facial filler, known as "girl needle" [1][2] - The "girl needle" is a regenerative injectable material that provides immediate filling effects and long-lasting results, with a single treatment lasting over one year [1][2] - The approval of the "girl needle" fills a gap in the company's portfolio of Class III medical devices and positions it among the top three products in the domestic market [2][3] Group 2 - The Chinese market for injectable regenerative materials is projected to grow from approximately 3 billion RMB in 2023 to about 7.2 billion RMB by 2025, with the market share increasing from 11% to 16% [2] - The "girl needle" series has seen over 50% year-on-year sales growth in 2023, indicating strong market demand and positive consumer response [2] - Sihuan Pharmaceutical has a pipeline of additional regenerative materials, including polylactic acid fillers and other innovative products, positioning the company to lead in the rapidly growing regenerative materials market [3]