这一刻，国产医美"支棱"起来了！宝安医美企业用17年攻克"卡脖子"技术，国产超声、射频医美设备首 获械三类证书背后的深圳创新样本。 12月的深圳，一场医美行业的新品发布会透露出不同寻常的信号。这里诞生了中国首款获得"械三类"认 证的聚焦超声皮肤治疗仪，更值得关注的是，射频皮肤治疗仪"半岛逆时针"不仅获得了国家药监局 （NMPA）认证，还拿到了美国FDA的"准入证"，是国内首个拥有NMPA与FDA双认证的射频微针设 备。 从技术角度看，这次突破的含金量不容小觑。"半岛大超炮"通过配备多种独立治疗手柄和治疗头，实现 了对不同技术路径的整合；射频微针则实现了0.15毫米的针径、单双混合多模式输出、分层治疗和无序 扫描等多项技术革新，舒适度和治疗效果都有质的提升。更重要的是临床数据的支撑。南方医科大学皮 肤病医院等四家医疗机构参与的临床研究显示，聚焦超声设备在204例样本中，治疗后90天的有效率达 到82%，满意度高达88%；射频微针在180例样本中，疤痕改善有效率达96%，患者满意度更是高达 98.75%。 这些数据不仅推动了产品获得械三类认证，更重要的是建立了中国医美设备的循证医学证据体系。"能 够拿到官方的三类 ...

Investment Rating - The report maintains an "Overweight" rating for the industry, with a focus on new consumption sectors such as beauty care, IP derivatives, and gold jewelry [6][29]. Core Insights - The October CPI performance exceeded expectations, with a year-on-year increase of 0.2%, higher than the consensus forecast of -0.04%. The core CPI, excluding food and energy, rose by 1.2%, marking the highest increase since March 2024 [4][24]. - The implementation of the new duty-free policy in Hainan has led to a surge in tourism consumption, with duty-free shopping amounting to 506 million yuan from November 1 to 7, representing a year-on-year growth of 34.86% [5][27]. - Key events in the beauty care sector include Kimberly-Clark's acquisition of Kenvue, expected to complete in the second half of 2026, and Amorepacific's Q3 operating profit increasing by 41% [4][24]. Summary by Sections Market Performance - For the week of November 3 to November 7, the retail trade, social services, and beauty care sectors saw changes of +0.31%, +0.11%, and -3.10% respectively, ranking 17th, 19th, and 31st among 31 primary industries [15][17]. Key Industry Data and News - The beauty care sector is highlighted by Kimberly-Clark's acquisition of Kenvue and Amorepacific's significant profit increase. Additionally, new medical devices have received regulatory approval [4][24]. - In the travel sector, the number of domestic flights increased by 4.9% compared to 2019, with a total of approximately 101,000 flights executed in the week [5][24]. - The IP derivatives market is seeing growth, with significant sales expected from the film "Wang Wang Mountain" and new store openings in the toy sector [5][28]. Investment Recommendations - The report recommends focusing on companies such as Shangmei Co., Juzhibio, Marubi, Runben, Proya, Chaohongji, and Furuida within the beauty care and new consumption sectors [6][29].