化妆品医美行业周报:25H1收官国货表现分化 毛戈平等领衔增长

申万宏源研究
Jul 06

本期投资提示:本周化妆品医美板块表现弱于市场。2025 年6 月27 日至2025 年7 月4 日期间,申万美容护理指数下滑0.6%,表现弱于市场。其中,申万化妆品指数下滑1.5%,弱于申万A 指2.7pct;申万个护用品指数上涨0.7%,弱于申万A 指数0.4pct。周观点:25H1 收官国货表现分化,毛戈平等领衔增长。据蝉妈妈数据,6 月抖音国货品牌持续分化,韩束、毛戈平、绽家等品牌继续高速...

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