Dynamics of cosmetic chain stores and imported high-end supermarkets
According to the latest financial report, MINISO’s total revenue for fiscal in Y2021 was 9.07 billion yuan, a year-on-year increase of 1%; net profit was 480 million yuan, a year-on-year decrease of 50%, and continuing operating losses were 1.4 billion yuan.
On August 25, Ulta Beauty, the largest beauty retailer in the United States, announced its financial report. The announcement showed that the company's net income was 1.625 billion yuan in the second fiscal quarter of fiscal year Y2022 as of July 31, a year-on-year increase of 3015.91%; operating income was 12.738 billion yuan, a year-on-year increase of 60.19%. Net sales increased by 12% year-on-year to 10.814 billion yuan.
The Haowu collection store "Tomato Pocket" has completed a 50 million yuan A round of financing, which is exclusively invested by Innovation Workshop. This round of financing is mainly used for the national layout of offline stores, brand building and talent introduction.
Recently, Yonghui Supermarket’s financial report for the first half of 2021 showed that in the first half of Y2021, Yonghui Supermarket’s operating income was 46.827 billion yuan, down 7.3% year-on-year; net profit attributable to the parent was a loss of 1.083 billion yuan, down 158% year-on-year. The year-on-year profit was 1.854 billion yuan.
It is reported that after the launch of "Hema X Accelerator" was announced in May to incubate new brands, product lines and products, the first phase of Hema X Accelerator's acceleration camp opened on September 15.
On September 24, the fifth store of HAYDON Black Hole officially landed in Hangzhou.
Recently, Sephora, a high-end beauty retailer under the LVMH Group, has access to JD Beauty's omni-channel service network.
Fashion makeup related news
Recently, the fast fashion makeup brand Fei Luer announced that it has completed tens of millions of US dollars in Series A financing, invested by Wuyuan Capital and XVC, and Xinghan Capital is acting as the exclusive financial advisor.
On September 13, New York high street makeup brand Maybelline New York officially announced that the powerful rapper Wang Linkai has become the spokesperson for eye makeup.
Recently, Carslan has cooperated with Hermès, Dior and Chanel's co-designers to launch a high-end co-branded limited series with four lip products, namely, the best pet dual-core lipstick, the best velvet lipstick, the love lip glaze, and the mist kiss lipstick (second generation).
On September 20th, 3CE, a professional makeup brand under the L'Oréal Group, entered JD.com with a full line of products and opened the "3CE JD.com Official Flagship Store" simultaneously.
In September 2021, the trendy makeup brand Juduo and Dunhuang Museum jointly released the "Dunhuang Ruiju Series Co-branded Makeup".
Authoritative release
On August 24, the official website of the State Food and Drug Administration officially announced the filing information of two new domestic cosmetic raw materials, "No. 003" β-alanyl hydroxyprolyl diaminobutyric acid benzylamine and "No. 004" Saussurea culture.
On August 20, the Administrative Acceptance Service Hall of the National Medical Products Administration issued an announcement to explain in detail the corresponding treatment methods for special cosmetics that have been accepted in the original cosmetics administrative licensing system but have not yet made an administrative licensing decision. It is reported that the cosmetics smart application and review system has been officially launched on May 1, 2021, and the original system will be permanently closed on November 30, 2021, with no service.
On the evening of September 8, the State Food and Drug Administration again publicly solicited the "Quality Management Standards for Cosmetics Production (Draft for Solicitation of Comments)". Compared with the old opinion draft, the latest opinion draft has more changes, with the content reduced from 77 to 64.
On September 7, the Guangdong Provincial Drug Administration issued a notice, according to the State Drug Administration’s "Notice on Doing a Good Job in the Connection of New and Old Cosmetics Registration and Recording Information Management Platforms" (Drug Supervision Comprehensive Cosmetics Letter [2021] 264 No.), the filing person shall complete the post-filing inspection of the old filing platform before September 15, Y2021.
Among them, the original domestic non-special use cosmetics filing platform and the original imported non-special use cosmetics filing platform will be closed on September 15,Y2021.
On September 2, in order to solve the problem of excessive packaging of food and cosmetics, the State Administration of Market Supervision issued the newly revised mandatory national standard "Restrictions on excessive packaging of goods for food and cosmetics", which will be implemented on September 1, Y2023.
On September 13, the State Food and Drug Administration issued a popular science article clarifying that "stem cell cosmetics" is a pseudo concept. In the "List of Used Cosmetic Ingredients" revised and released by the State Drug Administration in 2021, cosmetic ingredients with names containing "stem cells" are not included. Currently, the State Food and Drug Administration has not registered or filed any cosmetic raw materials related to stem cells.
On September 16, the State Food and Drug Administration released the "Statistical Report on Drug Administration and Administration for the second quarter of 2021." Summary and analysis of acceptance, approval, supervision, etc.
On September 16, the State Food and Drug Administration issued a quick overview of drug regulatory policies (Issue 6) ""Promoting Eyelash Growth?" Such cosmetics claim to be vigilant! 》, the article starts from adding relevant risk substances to cosmetics, and conducts science popularization for some eyelash nourishing liquid products on the market, especially products that claim to "promote eyelash growth".
On September 24, the State Food and Drug Administration issued a notice on publicly soliciting opinions on five cosmetic informatization standards including the "Basic Data Set of Cosmetic Production License Management (Draft for Comment)."
Brand and industry related dynamics
On August 24, Shanghai Jahwa released the 2021 semi-annual report. The financial report shows that
1. In the first half of the year, the company achieved operating income of 4.21 billion yuan, a year-on-year increase of 14.26%; net profit was 286 million yuan, a year-on-year increase of 55.84%.
2. While revenue and net profit have achieved double growth, the growth rates of these two main performance indicators have both reached their peaks in the same period in the past five years.
On August 24, Proya Cosmetics Co., Ltd. released the Y2021 mid-year report. The report shows that in the first half of Y2021, Proya's operating income was 1.918 billion yuan, a year-on-year increase of 38.53%; the net profit attributable to shareholders of listed companies was 226 million yuan, a year-on-year increase of 26.48%.
Recently, Sino-Swiss Capital completed a strategic investment of tens of millions of Pre-A rounds in the fashion makeup brand of the show, SHOWCIRCLE.
Recently, the China Securities Regulatory Commission disclosed that Harbin Voolga Technology Co., Ltd., the parent company of Voolga, has completed the guidance for listing on the GEM. This is another medical dressing-related company that has hit IPO after Chuang’er Biotech.
On the evening of August 26, Lily&Beauty (605136.SH) released the 2021 semi-annual report. In terms of financial performance,
1. In the first half of 2021, Lily&Beauty achieved operating income of 1.856 billion yuan, a year-on-year increase of 2.83%;
2. In the same period, the net profit attributable to the parent was 205 million yuan, a year-on-year increase of 36.64%;
3. Achieved a net profit of 161 million yuan deducted from the parent, a year-on-year increase of 30.31%. Basic earnings per share are 0.51 yuan.
OneNet One (300792.SZ) released the 2021 semi-annual report,
1. The company's operating income in the first half of the year was 486 million yuan, a year-on-year decrease of 12.82%.
2. The net profit attributable to shareholders of listed companies was 127 million yuan, a year-on-year increase of 16.66%.
3. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 115 million yuan, a year-on-year increase of 9.47%. Basic earnings per share is 0.59 yuan.
On the evening of August 26, Ruo Yuchen (003010) released the 2021 mid-year performance report.
1. In the first half of the year, the company achieved operating income of 598 million yuan, a steady increase of 7.81% year-on-year, and revenue in the second quarter increased by 22.3% month-on-month;
2. In the first half of the year, the total profit realized was 47,883,500 yuan, and the net profit was 39,653,500 yuan.
On the evening of August 26, Yixian E-Commerce, the parent company of Perfect Diary, disclosed the second quarter report for fiscal 2021. Data Display,
1. In the second quarter, Yixian E-commerce achieved net revenue of 1.53 billion yuan, a year-on-year increase of 53.5%;
2. In the second quarter of Yixian E-commerce DTC consumers reached 10.2 million, a year-on-year increase of 13.3%; gross profit margin increased from 61.1% in the same period last year to 65.7%.
Recently, the data released by the Korean Fair Trade Commission showed that the country’s cosmetics store closure rate reached 28.8% last year, ranking first in the retail industry.
It is reported that China Youzan issued the latest joint announcement stating that China Youzan subsidiary Youzan Technology has submitted an update application to the Stock Exchange. It plans to publicly issue new shares and go public, instead of the original plan of introducing the listing method. The largest issuance is expected The number of shares does not exceed 5% of the existing number of shares, and the issue price will be determined after market inquiry.
On the evening of August 30, Huaxi Biotechnology Co., Ltd. released the 2021 semi-annual report. The financial report shows that in the first half of this year, the company achieved operating income of 1.937 billion yuan, a year-on-year increase of 104.44%; net profit attributable to shareholders of listed companies was 361 million yuan, a year-on-year increase of 35.01%.
On August 29, Shuiyang shares (300740.SZ) announced the 2021 semi-annual report. In the first half of the year, the company achieved operating income of 2.119 billion yuan, an increase of 49.83% year-on-year; net profit attributable to shareholders of listed companies was 88.938 million yuan, an increase of 164.48% year-on-year.
On August 27, Guangdong Marumi Biotechnology Co., Ltd. released the 2021 semi-annual report.
During the reporting period, the company achieved operating income of 874 million yuan, a year-on-year increase of 10.09%, the best performance in the same period since its listing in 2019. Net profit was 189 million yuan, down 29.46% year-on-year.
According to statistics, the sales of Tmall International's pure beauty products from January to June in 2021 have increased by over 600% year-on-year, the number of new brands has doubled, and the number of brands has increased by 106% year-on-year.
According to data from the Beauty Industry Research Institute, the volume of Internet voice from 2019 to 2021 shows that the concept of acid brushing has risen sharply from April 2020, with a month-on-month increase of 229%. In May, it continued to rise by 40% month-on-month. From June 2020 to May 2021, the scale of the online market for "brushing acid" was nearly 750 million yuan, with an average monthly sales growth rate of about 13%. In 2021, Q1 sales increased by 104% year-on-year.
According to foreign media reports, French high-end beauty brand Chantecaille has hired Jefferies Group to study financial plans, look for potential transactions for it, and is also looking for partners to help it expand. In short, Chantecaille may be sold.
The 2021 semi-annual report recently disclosed by Proya shows that
1. During the period, the company's online channel revenue reached 1.545 billion yuan, accounting for 80.82% of the total revenue.
2. Among them, direct sales channels including Douyin stores have achieved a substantial increase in revenue of 135.28%
It is reported that the functional skin care brand "Simpcare " recently completed a Series C financing of over RMB 300 million.
On September 15, the National Bureau of Statistics released a report on the total retail sales of consumer goods in August.
1. Data shows that in August, the total retail sales of consumer goods was 3,439.5 billion yuan, a year-on-year increase of 2.5% and an increase of 3% over August 2019. Excluding price factors, the total retail sales of consumer goods in August actually increased by 0.9%.
2. Among them, the retail sales of cosmetics above designated size was 29.4 billion yuan, basically the same as that of 28.4 billion yuan in the same period last year. This is the first zero growth in cosmetics retail sales this year, and it is slower than the overall growth rate.
In August of this year, the cosmetic contact brand Kelala announced the completion of a 400 million yuan round of financing, which is the highest amount of financing disclosed by the cosmetic contact track at a time.
It is reported that the Chinese local fragrance brand Odor Library announced the completion of the B round of financing. This round of financing is exclusively invested by the Spanish perfume and beauty group PUIG, and Index Capital is acting as the exclusive financial advisor.
Recently, Dada Group has reached a strategic cooperation with Perfect Diary, which is a domestic beauty fashion brand, to allow Guochao beauty to be delivered home in one hour.
According to Mintel data, in 2020, China's shampoo and hair care product market will maintain a steady growth rate of 4.8%, and the market size will reach 48.7 billion yuan. It is expected that the shampoo and hair care market will reach 53.636 billion yuan by Y2021.
On September 14, AVON announced the official opening of its first flagship store in Mainland China on Nanjing West Road, Shanghai. This "first store" is not only the first store in China, but also the first flagship store of Avon in the world.
It is reported that "Fuyang", a skin care product brand that focuses on oily skin people, has completed tens of millions of A+ rounds of financing.
According to the "Report on China Beauty Stores Industry" released by iResearch in September this year,
1. In 2020, China's cosmetics market will reach 430.3 billion yuan. In the next three years, after the epidemic is repaired, the overall market size is expected to maintain a steady and continuous growth of about 10%, and it will reach 600 billion yuan in 2023.
2. The market share of China's beauty collection stores will also increase from 7.6% in 2020 to 15.8% in 2023, and the market size is expected to reach 13 billion yuan.
Logistics and e-commerce platform dynamics
Kuaishou released the second quarter of 2021 financial report,
1. Kuaishou’s revenue in the quarter was 19.1 billion yuan, a year-on-year increase of 48.8%, and the market expected 18.731 billion yuan.
2. Among them, online marketing service revenue was 10 billion yuan, a year-on-year increase of 156.2%; live broadcast revenue was 7.193 billion yuan, a year-on-year decrease of 13.7%; driven by e-commerce business, other service income was 2 billion yuan, a year-on-year increase of 212.9%.
3. In the second quarter, the adjusted net loss of Kuaishou was RMB 4.77 billion, compared with a loss of RMB 1.938 billion in the same period last year. The average monthly active users in the second quarter were 506.2 million, compared with 474.3 million in the same period last year.
On August 22, SF Holdings released its first half-year financial report, and its net profit plummeted by 79.8% year-on-year. SF Express had a net loss of 989 million yuan in the first quarter and a net profit of 1.749 billion yuan in the second quarter. Wang Wei, the actual controller of SF Holdings, had a net worth of 313.7 billion yuan in February, which has been less than 160 billion so far.
Pinduoduo released its second quarter 2021 financial report. The financial report shows that
1. Pinduoduo’s revenue in the quarter was 23.05 billion yuan, an increase of 89% year-on-year;
2. In the past 12 months ending June 30, 2021, the number of active buyers on the Pinduoduo platform was 849.9 million.
Recently, JD.com released its financial report for the second quarter of 2021.
1. In the quarter, Jingdong’s revenue was 253.8 billion yuan, a year-on-year increase of 26.2%, and the market expected it to be 248.47 billion yuan;
2. Jingdong Non-GAAP's net profit was 4.6 billion yuan, compared with 5.9 billion yuan in the same period last year, and the market expected an adjusted net profit of 3.524 billion yuan.
On August 22, according to a report by Zacks Investment Research, a US investment research company, Wall Street brokers estimated that VIPS (VIPS) sales in the third quarter of 2021 could reach 3.88 billion U.S. dollars.
Vipshop's sales in the same period last year were 3.41 billion U.S. dollars, that is, according to expectations, this year's sales will increase by 13.8% year-on-year. It is understood that Vipshop may release its third-quarter financial report on Friday, November 12.
On September 16, Cainiao announced that it has reached a cooperation with Beauty Net Global, one of the largest cross-border cosmetics platforms in South Korea. Cainiao provides full-link logistics services such as overseas warehouses, air trunk lines, extremely fast customs clearance and domestic "last mile delivery".
International Group News
On August 25, L'Oréal Group and Tmall International reached an official direct supply cooperation. The five high-end beauty brands Lancome, Helena, Coyan's, Shu Uemura, and Biotherm of its high-end cosmetics division officially entered the Tmall International Beauty Club.
On August 26, Japanese beauty group Shiseido announced that it had sold its three brands, BareMinerals, Buxom and Laura mercier, to private equity firm Advent Internationa for US$700 million.
On August 19th, the Estée Lauder Group released its 2021 fiscal year annual report. Data show that Estee Lauder's net profit increased by 322% year-on-year, the largest increase in the past 15 years.
Recently, a document about the "recommended retail price increase" signed by Estee Lauder Shanghai Trading Co., Ltd. has been circulating in the industry.
1. The documents show that starting from September 15th, the company has increased the retail prices of some products and suits.
2. The commodities involved in this price increase include star skin care products such as Estee Lauder Small Brown Bottle, Estee Lauder Platinum Series, Pomegranate Nourishing Series, and makeup products such as eyebrow pencils.
On September 16, local time, L'OCCITANE INTERNATIONAL SA, a cosmetics giant from Provence, France, changed its coach-André J. Hoffmann will take over from Reinold Geiger Great, serving as the group chief executive officer.
Hainan Duty Free Shop News
On the evening of August 27, China CDF (601888), the "king of tax-free", disclosed its semi-annual report.
1. In the first half of 2021, CDFG achieved total operating income of 35.526 billion yuan, a year-on-year increase of 83.98%; net profit attributable to the parent company was 5.359 billion yuan, a year-on-year increase of 475.92%.
2. In addition, due to a series of discount promotion activities carried out by the company's product sales business, the gross profit margin of the main business during the period was 37.75%, a decrease of 4.85 percentage points from the same period last year.
Recently, Wangfujing stated that it is simultaneously advancing the construction of duty-free shops in Beijing and Hainan, and strives for the early implementation of duty-free projects in the two places.