当化妆品行业转向 "技术驱动"，真正的创新往往藏在对用户需求的深度洞察与对原料价值的 极致挖掘中。 近日，御泥坊自主研发的"雪莲花（SAUSSUREAINVOLUCRATA）愈伤组织提取物"正式完 成新原料备案，不仅是一纸官方许可，更是中国美妆企业利用现代生物技术，系统性破解珍稀 植物资源可持续开发与高效利用难题的标志性事件。 这款新原料的诞生，源于对"百草之王"雪莲花本身蕴含的独特活性成分与未被充分开发价值的 前瞻性洞察，也直面了传统原料在资源可持续性和成分稳定性方面的固有不足。它代表了企业 从"资源依赖"向"技术创造"的战略转变，是其深耕生物技术与东方珍稀原料融合的必然成果。 此次备案成功，为御泥坊品牌注入了坚实的科技内涵，完善了其"东方肌肤方程式"的原料支撑 体系，更以"高活性、高安全、可持续"的特质，推动着御泥坊迈向一个以自主核心技术与可持 续理念驱动的高质量发展新阶段。 御泥坊选择雪莲花作为新原料，核心是基于对东方肌肤需求、传统珍稀原料困境与消费者认知 的三重深度洞察，每一步都紧扣"解决真实护肤问题"的核心。 据了解，自成立以来，御泥坊便从东方女性肌肤特性出发，沉下心搭建东方肌肤专属数据库。 1 9 ...

供稿/ 钱江海关、温州海关 协审/ 自贸处、监管处 据统计，今年国庆中秋假期，杭州海关共验放跨境电商进口清单371.09万票，金额约9.13亿元人民币，同比分别增长18.83%和31.69%。这份亮眼的"跨境 成绩单"，源自海关以监管创新与数字赋能为双轮，精准对接企业需求，助力电商新业态跑出节日"加速度"。 "国庆中秋双节期间，跨境电商订单量比平时翻了近一倍。"10月7日，在温州综合保税区，温州市贸宇供应链管理有限公司的关务负责人张成炬指着忙碌 的分拣线说道，"我们提前就跟海关进行了对接，海关也在节假日期间安排了预约查验，让我们的仓库在假日期间也能24小时运转，保证包裹能当天出 区！" 就在当天，一批跨境电商进口的奶粉办结海关手续后，迅速装车发往全国各地。为应对假期消费高峰，温州海关提前摸排企业备货计划，制定假期值班方 案，并开通预约查验通道，确保"买全球、卖全球"在节日期间依然顺畅。 同样繁忙的还有全国首个跨境电商综试区所在的杭州综合保税区，特别是区内的各个跨境电商直播间，更是到处都充满了假期的火热氛围。"这款面膜补 水力十足，双节直降30元！"主播热情讲解的同时，仓库人员同步打包，物流机器人穿梭不停。"我 ...

上 市 公 司 美容护理 2025 年 09 月 29 日 洁雅股份 (301108) ——优质湿巾制造商，国际品牌大客户订单催化业绩拐点 投资要点： 财务数据及盈利预测 | | 2024 | 2025H1 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 547 | 310 | 716 | 888 | 1,137 | | 同比增长率（%） | -12.1 | 8.8 | 30.8 | 24.0 | 28.0 | | 归母净利润（百万元） | 19 | 33 | 77 | 107 | 144 | | 同比增长率（%） | -83.1 | 22.6 | 297.2 | 38.1 | 34.7 | | 每股收益（元/股） | 0.24 | 0.40 | 0.68 | 0.94 | 1.27 | | 毛利率（%） | 19.6 | 23.8 | 25.1 | 27.1 | 29.1 | | ROE（%） | 1.1 | 1.8 | 4.0 | 5.2 | 6.6 | | 市盈率 | 180 | | 45 | ...

Core Insights - The 2025 China Fragrance and Cosmetic Expo opened on September 25 in Nanjing, showcasing both well-known domestic brands and upgraded traditional products, igniting a "beauty economy" trend [1][8] - Jiangbei New District aims to transform the Chinese fragrance and cosmetic industry from "product competition" to "system competition" and from "scale growth" to "innovation leadership" [1][3] Industry Development - The expo, themed "Technology and Brand Progress Together," attracted over 100 leading companies, more than 500 domestic and international brands, and showcased over 1,000 products [3] - Jiangbei New District has established a complete industrial chain from "raw material supply to product production and sales," promoting the development of the beauty and health industry [3][8] Innovation and Collaboration - The "Beauty and Health Medical Research and Enterprise Transformation Center" was launched to address industry challenges, aiming to create a strong engine for innovation in Nanjing's fragrance and cosmetic industry [5][6] - The center plans to attract 10 leading enterprises and 100 supporting companies over the next three years, driving an increase in industrial output value by 5 billion yuan [6] Brand Revitalization - The century-old brand "Jin Ballet" received a "Centennial Brand Revitalization" award, marking its transformation with modern beauty research and sterile production techniques [7] - The revitalization of "Jin Ballet" aims to upgrade its product matrix while preserving its core values and classic formulations, transitioning from a traditional brand to a cultural IP [7] Project Signings - A total of 17 projects were signed during the expo, covering collaborative projects, industry-academia-research cooperation, and industrial landing projects, achieving record high amounts and scales [8] - These projects include collaborations with institutions like Nanjing University of Chinese Medicine and Shanghai Skin Disease Hospital, enhancing the ecosystem of the fragrance and cosmetic industry in Jiangbei New District [8]

Core Viewpoint - Fujian is leveraging high-quality supply to create effective demand, showcasing a comprehensive expansion of domestic demand through various innovative and cultural initiatives [2][6]. Economic Performance - In the first half of the year, Fujian's GDP grew by 5.7% year-on-year, with total retail sales of consumer goods reaching 1.256 trillion yuan, marking a 6% increase compared to the previous year, and accelerating by 0.6 percentage points from the first quarter [2]. Technological Innovation - Companies like Panpan Foods are upgrading their production processes through smart technologies such as AI and IoT, achieving precision and automation in food processing. They are also investing in innovative health-oriented products, including low GI baked goods and new Chinese-style health drinks [3]. - The Frog Prince Group is enhancing its children's personal care products through digital transformation and smart upgrades, achieving a production rate of 78 bottles per minute on their automated lines [3]. Cultural and Experiential Offerings - The Pizaihuang Pharmaceutical Company is expanding its product line to include health-related items, reflecting a shift towards a broader health industry while maintaining its traditional product offerings [4]. - The Shunmei Ceramics workshop in Dehua is integrating cultural experiences into its offerings, attracting over 200,000 visitors annually to engage in hands-on pottery making [4]. Tourism and Community Development - Xunpu Village has transformed into a popular tourist destination, attracting over 4.26 million visitors in the first seven months of the year, generating tourism consumption exceeding 860 million yuan through immersive cultural experiences [5]. - The community in Siming District, Xiamen, is enhancing local services with nearly 2,000 shops, improving residents' quality of life and satisfaction through a well-developed local economy [6].

Core Viewpoint - The company, Fulejia, announced on September 23 that its products are primarily divided into two categories: medical devices and functional skincare products, featuring a diverse range of formulations including masks, waters, serums, lotions, sprays, single-use products, and eye masks [2] Group 1 - The company offers a wide variety of product forms, which enhances its market coverage [2] - The product categories include both medical devices and functional skincare, indicating a diversified product portfolio [2]

Core Viewpoint - The rise of medical-themed cultural and creative products in public hospitals is gaining popularity, with a focus on health education and avoiding excessive commercialization [1][2][3] Group 1: Market Trends - Medical-themed plush accessories, such as brain and gallbladder keychains, are becoming popular among consumers, especially younger demographics [1] - Hospitals are creating unique cultural products that resonate with their identity, leading to a "breaking the circle" trend in the market [1] - Personalized food items like mooncakes and pastries from hospitals are witnessing high demand, indicating public trust in hospital-produced goods [1] Group 2: Educational Impact - The primary role of hospital cultural products is to demystify medicine and promote health knowledge, using engaging designs to make health topics more accessible [2] - Hospitals are integrating IP characters into health education initiatives, creating emotional connections with the public [2] - There is a risk of misinformation if products contain anatomical inaccuracies, highlighting the need for a balance between accessibility and medical accuracy [2] Group 3: Professional Standards - Establishing a professional review mechanism is essential, involving medical experts, science communicators, and designers to ensure product integrity [3] - Sales personnel in hospital cultural shops should be trained in the medical knowledge behind the products to facilitate education through sales [3] - The challenge lies in balancing creativity with the sacredness of medicine, ensuring that cultural products respect the essence of health and life [3]

Company Overview - Shuiyang Co., Ltd. is located in Changsha, Hunan Province, and was established on November 1, 2012. The company went public on February 8, 2018. Its main business involves the research, production, and sales of cosmetics [1][2] - The revenue composition of the main business includes: 81.84% from lotions and creams, 17.32% from masks, and 0.84% from other products [1] Financial Performance - For the first half of 2025, Shuiyang Co., Ltd. achieved operating revenue of 2.5 billion yuan, representing a year-on-year growth of 9.02%. The net profit attributable to shareholders was 123 million yuan, with a year-on-year increase of 16.54% [2] - Since its A-share listing, the company has distributed a total of 142 million yuan in dividends, with 77.81 million yuan distributed over the past three years [3] Stock Performance - As of September 22, the stock price of Shuiyang Co., Ltd. increased by 2.00%, reaching 21.93 yuan per share, with a total market capitalization of 8.553 billion yuan [1] - The stock has risen by 65.89% year-to-date, with a slight decline of 0.86% over the last five trading days, and a 30.93% increase over the past 60 days [1] Shareholder Information - As of September 10, the number of shareholders for Shuiyang Co., Ltd. was 27,000, with an average of 13,296 circulating shares per person [2] - Notable institutional shareholders include BlackRock China New Horizons Mixed A and Hong Kong Central Clearing Limited, both of which are new entrants among the top ten circulating shareholders [3] Market Activity - The company has seen a net inflow of main funds amounting to 6.1559 million yuan, with significant buying activity from large orders [1] - Shuiyang Co., Ltd. has appeared on the trading leaderboard once this year, with a net purchase of 24.4889 million yuan on May 28 [1] Industry Context - Shuiyang Co., Ltd. operates within the beauty and personal care sector, specifically in the branded cosmetics segment. It is associated with concepts such as margin financing, share buybacks, and e-commerce [2]

Group 1 - The core technology of the company is "yeast-based low-immunity recombinant collagen production" [1] - The company has been deeply engaged in the biotechnology field for 25 years, with 186 patents and patent applications [3] - The collaboration with Northwest University on "yeast-based low-immunity recombinant collagen and its applications" won the "2024 China Petroleum and Chemical Industry Federation Technology Invention Award First Prize" and was recognized as "internationally leading" by experts [3] Group 2 - The company is perceived not only as a cosmetics manufacturer but also as a high-tech enterprise with global market potential [3] - International journalists expressed strong interest in the company's production processes and products, highlighting the blend of science, beauty, and health [5] - The company showcased popular skincare products, leading to interest in further reporting and potential collaborations from foreign journalists [5] Group 3 - The "Walk Through China: Meet Shaanxi" event is organized by various Chinese associations and aims to showcase the unique charm and strong development of Shaanxi [7]

Core Insights - Advanced intelligent factories are shifting from "key process automation" to "full-process collaborative breakthroughs" to achieve qualitative leaps in efficiency, flexible production, and system collaboration [1][24] - The integration of AI, digital twins, and other technologies is transforming production from being merely assisted by technology to being driven by it, reshaping the manufacturing model [18][24] Group 1: Smart Manufacturing in Beauty Industry - A beauty factory in Changsha features a "formula library" with over 8,000 self-developed formula samples for various beauty products [1] - The production process of a mask involves automated systems that require no manual intervention, with ingredients flowing automatically into 36 emulsification pots [6][8] - The factory's production efficiency exceeds the industry average by over 30% due to its flexible production model that accommodates multiple product types on the same line [12] Group 2: AI and Automation in Manufacturing - AI is utilized to manage production lines in real-time, optimizing which lines should produce specific products based on demand [11][15] - The use of AI allows for a minimum production unit of one item, enhancing efficiency and reducing inventory backlog while meeting personalized product demands [21] - The application of digital twins enables real-time monitoring and control of production processes, achieving nearly 100% automation in some factories [24] Group 3: Broader Implications for Manufacturing Industry - Over 7,000 advanced intelligent factories have been established in China, covering various sectors and becoming a backbone for manufacturing upgrades [25] - These factories enhance order delivery capabilities, reduce operational costs, and improve competitiveness through real-time data sharing and collaborative management [25][26] - The transition from "local intelligence" to "overall intelligence" in manufacturing is crucial for future advancements in smart factories, opening avenues for new business models and innovations [26]