The cosmetics raw material safety information login platform was officially launched, and the new regulations of China’s cosmetics were implemented. Since January 1, manufacturers of cosmetic raw materials or their authorized enterprises can log in to the platform to submit information related to raw material safety. According to the announcement on relevant matters related to the implementation of the provisions on the administration of cosmetic registration and filing materials (No. 35 of 2021) issued by the State Food and drug administration, when registrants and filers apply for registration or filing from January 1, 2022, Safety related information on raw materials with anti-corrosion, sunscreen, coloring, hair dyeing, freckle removal and whitening functions shall be provided in accordance with the requirements of the regulations. From January 1, 2023, all relevant materials need to be submitted when registering and filing cosmetics. For products that have been registered before, the raw material safety information shall be submitted before May 1, 2023. According to the guidelines for the submission of information related to the quality and safety of cosmetic raw materials, the information related to the quality and safety of raw materials shall include the commodity name of raw materials, basic information of raw materials, brief description of raw material production process, necessary quality control requirements, evaluation conclusions of international authorities, use requirements of other industries, limit requirements of risk substances, etc. With the formal launch of the platform, each raw material has its own raw material submission code, a large number of raw material enterprises will officially start submitting raw material information, and the industry will be further standardized.
Cosmetics raw materials have entered the ID filing period, and the importance of upstream raw material suppliers in the industrial chain has increased again. Why submit raw materials? According to the new regulations, each raw material of each manufacturer corresponds to only one submission code, which means that even if the raw materials with the same inci name have different submission codes. We believe that this measure can largely fill the regulatory blind spot of used raw materials from different sources, different specifications and different composition forms, and also provide cosmetics enterprises with certain screening criteria for raw material suppliers. How do overseas raw material enterprises submit? According to the new regulations, overseas raw material manufacturers can submit the safety information of cosmetic raw materials by themselves, or authorize overseas or domestic enterprises to submit and maintain the safety information of raw materials. Raw material information submission process: 1) cosmetic enterprises can ask for the information documents of the raw materials used from the raw material production enterprises and submit them directly; 2) raw material production enterprises can submit the relevant information of raw materials by themselves and transmit the raw material submission code to the cosmetic enterprises. All cosmetic enterprises that use the raw materials can be directly associated with the submission code. We believe that raw material submission means that the regulatory scope of the regulatory authorities extends to the upstream supply chain, which more standardizes the supply chain system of the whole industry. At the same time, the time cycle for downstream enterprises to launch new products will be longer, enterprises will become more cautious in selecting raw material suppliers when developing formulas, and raw material leaders with strong technical advantages and customer resources will enjoy the dividends of the new regulations.
This week’s view: the recovery of the retail sector is accelerating, and the consumption index is picking up. It is recommended to focus on the domestic cosmetics ( Bloomage Biotechnology Corporation Limited(688363) , Yunnan Botanee Bio-Technology Group Co.Ltd(300957) , Proya Cosmetics Co.Ltd(603605) ); Continue to be optimistic about cultivating diamond industry chain companies ( Henan Liliang Diamond Co.Ltd(301071) , North Industries Group Red Arrow Co.Ltd(000519) ).
Risk tip: the overall consumer demand is weak, the industry competition is intensified, the leading exhibition stores are less than expected, and the investment in marketing, innovation and Exhibition stores of listed companies is significantly increased
