Distraction osteogenesis is a technique employed in the context of reconstructive orthopedic surgery, podiatric surgery, as well as oral and maxillofacial surgery for the correction of skeletal deformities. This method entails the deliberate cutting and gradual separation of the bone, facilitating the natural healing process to bridge the gap. Distraction osteogenesis devices are specialized medical tools designed to facilitate the elongation of bones during the distraction osteogenesis process. The devices used typically include distraction devices and others that enable controlled and precise adjustments.

Distraction osteogenesis is a technique employed in the context of reconstructive orthopedic surgery, podiatric surgery, as well as oral and maxillofacial surgery for the correction of skeletal deformities. This method entails the deliberate cutting and gradual separation of the bone, facilitating the natural healing process to bridge the gap. Distraction osteogenesis devices are specialized medical tools designed to facilitate the elongation of bones during the distraction osteogenesis process. The devices used typically include distraction devices and others that enable controlled and precise adjustments.

The global do-it-yourself (DIY) home improvement retailing market is a part of the global broadline retail market. The global broadline retail market was valued at $11,874.21 billion in 2021 and reached $15,245.48 billion in 2023. The global broadline retail market witnessed an incremental growth of $3,371.3 billion and registered a CAGR of 13.3% from 2021 to 2023.

The global drayage services market is a part of the global air freight and logistics market. The global air freight and logistics market was valued at $317.34 billion in 2021 and reached $389.87 billion in 2023. The global air freight and logistics market witnessed an incremental growth of $72.5 billion and registered a CAGR of 10.8% from 2021 to 2023.

Driving simulators are used in driver's education classes provided in educational institutions and by private firms such as driving schools. In the automotive DRIVING SIMULATOR sector, they are also used to create and assess new cars or new advanced driver assistance systems. They are also used for study in the fields of human factors and medical research to monitor driver behavior, performance, and attention.

A drone navigation system is an equipment designed to control and guide unmanned aerial vehicles (UAVs) during their flight operations. It encompasses various components and algorithms that enable the drone to autonomously navigate through its surroundings, avoiding obstacles and efficiently reaching its destination. The system typically includes a Global Positioning System (GPS) for accurate positioning, sensors such as accelerometers and gyroscopes for stability and orientation, and advanced flight control software. It also incorporates obstacle detection and avoidance mechanisms, mapping capabilities, and communication protocols to ensure seamless operation and safe navigation. The drone navigation system plays a crucial role in enabling autonomous and efficient drone operations across various industries and applications.

The global e-cigarette market is a part of the global tobacco market. The global tobacco market was valued at $807.86 billion in 2021 and reached $867.36 billion in 2023. The global tobacco market witnessed an incremental growth of $59.5 billion and registered a CAGR of 3.6% from 2021 to 2023.

The global e-cigarette market is defined by the industry engaged in the production, distribution, and sale of electronic cigarettes, also known as e-cigarettes or vapes. These are battery-powered devices that deliver nicotine, flavorings, and other chemicals to users through an aerosol, commonly referred to as vapor, without involving the combustion that characterizes traditional tobacco products. The market includes a variety of e-cigarette products, ranging from disposable e-cigarettes, which are single-use devices pre-filled with e-liquid, to rechargeable e-cigarettes, which are reusable devices that allow users to refill e-liquid and recharge the battery.

Edge AI hardware consists of a collection of devices used to power and process AI-based robotics and devices. These devices are used to coordinate and work on AI device handling by processing information in the actual hardware.

渠道:战略聚焦电商，线上转型突破 2021 年以来，丸美公司电商策略经历了初步探索、战略聚焦、重大突破三个阶段，营收及业绩 均迎来显著改善。公司电商化可划分为三个阶段:1)2021 年，公司聚焦直营渠道，探索新媒 体新渠道，但转型未达预期，叠加线下渠道的拖累，营收增长未见起色，业绩相对承压;2) 2022 年，管理层战略性聚焦线上，业绩降幅边际收窄;3)2023 年以来，公司转型发展取得较 大突破，收入及业绩均有显著边际改善:2024Q1-Q3，公司收入、业绩分别增长 27%、37%， 在美妆大盘普遍偏承压的背景下维持较好增势。具体拆分来看，我们认为主品牌及恋火的产品 变革，是公司在战略聚焦电商业务以后助力公司电商化转型成功的关键。