Investment Rating - The report does not explicitly provide an investment rating for the cosmetics industry. Core Insights - The report focuses on significant events in the Chinese cosmetics industry, including major developments from both domestic and foreign companies, regulatory changes, and capital market activities, aiming to provide comprehensive and timely information for industry practitioners [2]. Summary by Sections Domestic Major Events - The Hong Kong Stock Exchange approved the full circulation of H shares for Mao Ge Ping Cosmetics Co., allowing 228 million H shares to be listed and traded [5]. - Chen's Group plans to acquire 92 stores of the Australian pharmacy chain Priceline Pharmacy, with potential competitors including Chemist Warehouse and TerryWhite Chemmart [5]. - Yiwan Yichuang intends to acquire 100% of Beijing Lianshi Legend Network Technology Co., a company focused on AI-driven marketing services [5]. - The skincare brand "Yiye" won two lawsuits related to cross-regional e-commerce and false advertising, receiving a total compensation of 200,000 yuan [6]. New Store Openings and Innovations - Han Shu opened a new store in Shanghai on February 11, offering promotional activities for customers [7]. - Agan launched a new beauty supply chain platform called "Six Little Horses," integrating B-end supply chain and C-end private store platforms [7]. - Shiseido China partnered with Meili Tianyuan to launch a new skincare brand RQ PYOLOGY, targeting high-end female consumers in China [7]. Foreign Companies' Major Events - The report does not provide specific details on foreign companies' major events. Channel Platform Developments - Japanese retailer Ito Yokado sold 90% of its Beijing subsidiary to Beijing Xincheng Supermarket Development Co., exiting actual operations in Beijing while retaining brand licensing [11]. - Estée Lauder's official flagship store entered Vipshop [11]. - Douyin's instant retail platform removed high-risk categories such as "children's makeup sets" and "beauty medical devices" from its listings [11]. Policy and Regulation - The State Administration for Market Regulation issued guidelines for the supervision of inspection and testing personnel, establishing a national blacklist for prohibited personnel [11]. - Multiple regions announced pilot enterprises for electronic labeling in cosmetics, including companies like Shiseido and Beijing Miki Biotechnology [12]. Capital Events - Beijing Huaguan Biotechnology Co., a synthetic biology company, completed a C-round financing of several hundred million yuan, with investors including SoftBank Vision Fund [14]. - Guangzhou Huadu District Market Supervision Bureau issued measures to promote high-quality development in the cosmetics industry [15]. New Raw Material Registrations - Several new raw materials were registered, including Bifidobacterium adolescentis and various plant extracts, indicating ongoing innovation in product formulations [16][18].