CITIC Securities: Structural Opportunities in the Medical Aesthetics Industry Persist

36Kr reports that a CITIC Securities research note states the medical aesthetics industry is currently in a phase of rapid increase in upstream registration certificates, with fierce competition, yet structural opportunities continue to exist: redemptions from differentiated new products remain available, and upstream brands with strong comprehensive capabilities in marketing customer acquisition, medical promotion, product portfolios, and channel operations are expected to emerge victorious in the competition. Downstream brands that can solidify their reputation, reduce customer acquisition costs, provide comprehensive solutions, and improve gross margins will benefit significantly from changes in the industrial chain structure and are expected to continuously increase their market share.