Cosmetics chain stores and high-end supermarket news
A few days ago, ONLY WRITE, a beauty retail chain brand, announced that it has recently completed an A round of investment of 45 million yuan exclusively invested by a well-known industry fund.
On October 29th, Yonghui Supermarket released its third quarter report for 2021. The data showed that,
1. In the third quarter of 2021, Yonghui's operating income was 23.008 billion yuan, a year-on-year increase of 3.86% and a month-on-month increase of 12.28%.
2. In the first three quarters of 2021, Yonghui Supermarket’s operating income was 69.835 billion yuan, with online sales of nearly 10 billion yuan, a year-on-year increase of 52.56%, accounting for 13.9%.
On November 4, KK Group officially submitted a prospectus to the Hong Kong Stock Exchange to start the IPO.
On November 11, AFiona reached an in-depth cooperation with SUNMI, a leading IoT enterprise, and officially signed a cooperation agreement in Shanghai.
Sa Sa International's 2022 fiscal year mid-year report shows that from April 1st. 2021 to September 30th. 2021, the company's operating income was 1.597 billion Hong Kong dollars (about 1.308 billion yuan), a year-on-year increase of 24.2%.
Metro announced that it will open 16 member stores in 8 cities including Beijing and Chengdu on November 27. The 16 member stores were upgraded from the original Metro stores. In the future, all domestic stores will be transformed into member stores.
MINISO announced its first quarter performance report for fiscal year 2022: the group's total revenue was 2.65 billion yuan, a year-on-year increase of 28%. Among them, domestic revenue was 2.03 billion yuan, a year-on-year increase of 18%; overseas revenue was 620 million yuan, a year-on-year increase of 78%.
Brand and Industry Dynamics
On November 1st, in response to the reason why Judydoll’s products in Watson’s offline store in Beijing were previously removed, the brand side of Judydoll said: “Our offline retail strategy has been continuously optimized with the development of the market, and will continue to cooperate with various offline stores. A more effective cooperation model for retail channel communication.
Efficient skin care brand XianJi has completed tens of millions of RMB angel round financing. The investors are Qingsong Fund (led investment) and Zhonglin Capital.
Recently, the cutting-edge skin care brand "Kursleaf" received a new round of strategic financing. The investor is the world's leading skin care product R&D and manufacturer, and Yunyue Capital acted as the exclusive financial advisor.
On November 15, 2021, Obagi , the world-renowned functional skin care brand, announced the completion of a three-way merger worth over $1.2 billion with Waldencast and Milk Makeup.
Mouthwash brand "Breathe Ocean" has received investment from Weiyun Artificial Intelligence. This round of financing will be used for offline channel expansion.
Makeup brand Les Merveilleuses LADUREE will stop selling on December 19 and shut down its website on December 31.
The cosmetics e-commerce company "Meiye Bio" recently completed hundreds of millions of financing.
On October 26, Shanghai Jahwa disclosed its third quarterly report for 2021. The report shows,
1. The company's operating income in the first three quarters was 5.83 billion yuan, a year-on-year increase of 8.73%; the net profit attributable to shareholders of the listed company was 420 million yuan, a year-on-year increase of 34.71%.
2. Among them, the personal care home cleaning business experienced low-single-digit growth in the first three quarters, while the skin care business grew rapidly, with a growth rate of over 25% in the first three quarters and over 18% in Q3. Specifically, Yuze’s Q3 growth rate exceeded 50%, Herborist’s growth rate exceeded 15%, Goff was close to 15%, and Yu Meijing exceeded 20%.
On October 29, Marubi disclosed its third quarter report for 2021. The report shows,
1. The company achieved revenue of 1.138 billion yuan in the first three quarters, a year-on-year increase of 0.04%. Net profit was 142 million yuan, down 57.98% year-on-year.
2. Among them, the revenue in the third quarter was 264 million yuan, a year-on-year decrease of 23.19%.
On October 27, Proya Cosmetics Co., Ltd. released the third quarterly report for 2021. The report shows,
1. In the third quarter, Proya's operating income was 1.095 billion yuan, a year-on-year increase of 20.71%;
2. The net profit attributable to shareholders of the listed company was 138 million yuan, a year-on-year increase of 30.09%.
On October 29, Eternal and Kantar jointly released the "2021 China Perfume Industry Research White Paper". "White Paper 2.0" pointed out that in the next five years, China is expected to become one of the most important incremental markets in the global perfume market.
On November 18, Yixian E-Commerce (YSG), the parent company of Perfect Diary, released its financial report for the third quarter of 2021. The financial report shows that the total revenue in Q3 reached 1.34 billion yuan, the gross profit margin increased by 2.2% year-on-year to 67.9%, and the net loss narrowed by 43.8% year-on-year.
Authoritative Release
On November 2, the State Administration for Market Regulation issued the "Guidelines for Law Enforcement of Medical Beauty Advertisements". Among them, the "Guide" not only defines medical beauty advertisements and restricts the main body of medical beauty advertisements, but also lists in detail many medical beauty advertisements that will be targeted, including the appointment of spokespersons by medical beauty institutions, and the use of doctors and experts propaganda, etc.
On November 8, the Cosmetics Supervision Department of the State Food and Drug Administration answered common questions in the "Measures for the Supervision and Administration of Cosmetics Production and Operation", and proposed that the same group can share a quality and safety person in charge, and can authorize others to perform their duties on their behalf .
Earlier this month, the ASEAN Secretariat, the custodian of the Regional Comprehensive Economic Partnership (RCEP), issued a notice announcing that six ASEAN member states, including Brunei, Cambodia, Laos, Singapore, Thailand, and Vietnam, and China, Japan, New Zealand, Australia, etc. four non-ASEAN member states have formally submitted their approval letters to the ASEAN Secretary-General, reaching the threshold for the entry into force of the agreement. According to the agreement, RCEP will enter into force for the above ten countries on January 1, 2022.
Short video and e-commerce platform dynamics
Vipshop's 2021 third quarter financial report: revenue of 24.9 billion yuan, higher than market expectations, a year-on-year increase of 7.5%; net profit of 628 million yuan, 1.2 billion yuan in the same period last year.
On November 8, Youmo Interactive, a provider of short video marketing solutions, was listed on the main board of Hong Kong.
On November 8, media reported that Xiaohongshu had completed a new round of financing, with a post-investment valuation of up to US$20 billion. This round of financing was led by Temasek, Tencent, and Ali.
The revenue of Kwai in the third quarter of this year was about 20.5 billion yuan, a year-on-year increase of 33.4%, which was 30% higher than the market expectation; the adjusted net loss was 4.8 billion yuan, which was lower than the market estimate of 7.35 billion yuan.
On November 9, Youzan’s 2021 third quarter data showed that the number of new paying merchants in Youzan was 13,690, a year-on-year increase of 6%, and the average sales per merchant during the period was about 800,000, an increase of 8% year-on-year.
According to Oteo data, in September 2021, the overall retail sales of hand creams in the Tiktok
will be about 28.78 million yuan, and the retail volume will be 2.13 million pieces.
According to Taobao live broadcast data, this year's Double Eleven pre-sale first day on the night of October 20,
1. Beauty and skincare and makeup/perfume/beauty makeup in Li Jiaqi’s live broadcast are the two categories with the highest sales, with sales of 7.22 billion yuan and 1.04 billion yuan respectively on the first day;
2. The amount of beauty and skin care products in the Weiya live broadcast room is 3.43 billion yuan.
International Group Dynamics
On the evening of November 2, the Estee Lauder Group announced key financial data for the first fiscal quarter of fiscal 2022 (July-September 2021).
1. During the reporting period, the net sales of Estee Lauder Group were US$4.392 billion (approximately RMB 28.098 billion), a year-on-year increase of 23%;
2. Net profit was US$692 million (approximately RMB 4.427 billion), a year-on-year increase of 32%.
On November 23, the global daily chemical giant Procter & Gamble said it will recall some spray antiperspirant products of its personal care brands Old Spice and Secret in the United States after detecting benzene.
According to the latest third-quarter financial report released by Amorepacific, the company’s total revenue in the quarter was 1.1 trillion won (about 5.9 billion yuan), a year-on-year increase of 1.9%.
Duty Free Shop News
CDFG said on the interactive platform that due to the control of the epidemic, the company's physical store sales were affected by stages in the third quarter, and the sales in September have returned to normal. In the follow-up, we will continue to consolidate the five core capabilities of procurement, operation, channel expansion, digitalization and marketing to ensure the sustainable and stable development of the company.
On November 22, according to the official website of the Hong Kong Stock Exchange, China CDFG officially passed the listing hearing of the Hong Kong Stock Exchange, with CICC and UBS as its lead underwriters.