研究报告 Research Report 17 Aug 2025 中国 & 香港 & 美国可选消费 China (A-share) & Hong Kong & US Discretionary W33 化妆品市场周度新闻：多国际公司高层发生变动，韩妆市场频传出售消息 Week 33 Cosmetics Market News Highlights: Executive Changes at Multiple Companies; Frequent Reports of Sales in the Korean Beauty Market [Table_yemei1] 观点聚焦 Investment Focus | [Table_Info] | | | | | --- | --- | --- | --- | | 股票名称 | 评级 | 股票名称 | 评级 | | 耐克 | Outperform 德业股份 | | Outperform | | 美的集团 | Outperform 波司登 | | Outperform | | 京东集团 | Outperform 石头科技 | | Outperform | | 格力电器 ...