Cosmetics channel
Recently, the cutting-edge retail brand B+ Oil Tank announced that it has obtained a strategic investment from AI giant SenseTime.
A few days ago, WOW COLOUR received another US$100 million A+ round of financing, with a market valuation of US$1 billion.
Recently, according to Bloomberg, MINISO is considering listing in Hong Kong in 2022, and MINISO may raise hundreds of millions of dollars in Hong Kong.
As of the third fiscal quarter of 2021 (October-December), Sa Sa's retail and wholesale business turnover from continuing operations increased by 4.7% year-on-year; Sa Sa's sales in Hong Kong and Macau increased by 1.5% year-on-year. Sa Sa International added 8 stores on a net basis, and overall retail sales decreased by 5.1%.
HARMAY, a new beauty retail brand, recently announced the completion of nearly 1.2 billion C rounds and D rounds of financing. The C round financing was led by General Atlantic, the D round financing was led by QY Capital, and Gaohu Capital served as the exclusive investor for two consecutive rounds of financial consultant.
Authoritative release
On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) came into force. It is reported that cosmetics and other products are not included in the list of tax reduction commitments. Perfume, cosmetics and skin care products and hair care products imported from Japan will maintain the current 10% tax rate.
On December 30, the State Food and Drug Administration issued the "Notice on the Launch of the Cosmetic Raw Material Safety Information Registration Platform", which clearly stated that from 9:00 a.m. on December 31, 2021, cosmetic raw material manufacturers or their authorized enterprises can log on to the platform to report. Send material safety related information.
Recently, the State Food and Drug Administration issued the "Announcement on the Catalogue of Class I Medical Devices (No. 158 of 2021)", clarified that "medical cold compresses, cold compress gels" were deleted from the example of product names, and at the same time, the list of prohibited ingredients was announced. Relevant Class I medical devices shall not contain Chinese medicines, natural plants and their extracts.
On January 13, the Customs Tariff Commission of the State Council issued an announcement on the implementation of the "Regional Comprehensive Economic Partnership" (RCEP) agreed tax rates for some imported goods originating in South Korea. Among them, from February 1, the tariffs on products such as facial cleanser, soap (excluding laundry soap), toothpaste, mouthwash and other products imported from South Korea will be reduced by 1%-1.5%, and tariffs will be cleared in the next ten years (2031).
Brand and Industry Dynamics
According to the information disclosed by the China Securities Regulatory Commission on December 31, 2021, Shanghai Mei Group's "Overseas Initial Public Offering of Shares (Including Common Stocks, Preferred Stocks and Other Stocks and Derivatives of Stocks) Approval" is currently entering the stage of receiving materials.
Trauer Biotechnology issued an announcement stating that the company submitted to the Guangdong Securities Regulatory Bureau on January 4, 2022, the public issuance of stocks to unspecified qualified investors and the listing on the Beijing Stock Exchange. The guidance and filing materials, the guidance agency is CITIC Securities.
A recent announcement stated that due to the continuous delay in customs clearance of related raw materials, its Shuyan Repair Cleansing Cream faced the problem of supply interruption, and the production and delivery of related products could not be completed according to the original plan.
Dewy Lab, a pure beauty brand, has launched a new series "Original".
The product category began to expand from make-up to personal care.
Chinese fashion trend men's personal care brand "Blue Line" has recently completed a round of financing of tens of millions of yuan, led by Meihua Venture Capital, and joined by Jiu Chuang Capital and Jinhuifeng Capital.
Recently, the cutting-edge skin care brand "C Cafe" completed the B round of financing led by SIG. The old shareholders Shunwei Capital, Fuji Capital and Belle Consumer Fund joined the investment, and Light Source Capital acted as the exclusive financial advisor.
The parent company of Shuke, Weimeizi Industrial (Guangdong) Co., Ltd. plans to submit a prospectus to the Hong Kong Stock Exchange and plan to be listed on the main board.
Recently, 60 enterprises of Jiangxi Health and Disinfection Products Industry Association were sued by Shanghai Bili Cosmetics Co., Ltd., the owner of the "Honeysuckle" trademark, for producing "Honeysuckle Flower Dew Water" and other products. In most of the judgments, companies were found to constitute infringement and compensated.
Shanghai Jahwa's 2021 annual performance report shows that Shanghai Jahwa is expected to achieve operating income of about 7.66 billion yuan in 2021, a year-on-year increase of about 9%; it is expected to achieve a net profit of about 655 million yuan, a year-on-year increase of about 52%. , the best performance of Shanghai Jahwa.
On January 17, Shanghai Shangmei Cosmetics Co., Ltd., the parent company of Kans, submitted a prospectus to the Hong Kong Stock Exchange, officially starting the listing process in Hong Kong.
In 2021, Pien Tze Huang's revenue was 8.026 billion yuan, a year-on-year increase of 23.27%; the net profit attributable to the parent was 2.433 billion yuan, a year-on-year increase of 45.55%.
On January 17, data released by the National Bureau of Statistics showed that the total retail sales of consumer goods in December 2021 reached 4,126.9 billion yuan, a year-on-year increase of 1.7%; of which, the total retail sales of cosmetics above designated size was 34.1 billion yuan, a year-on-year increase of 2.5%. It fell 5.7 percentage points last month.
Comfy’s parent company, Xi'an Juzi Bio-Gene Technology Co., Ltd., will work with CICC and Goldman Sachs for an initial public offering in Hong Kong, possibly as early as in recent years.
Electronic business platform
TikTok e-commerce released the "2021 TikTok E-commerce Domestic Product Development Annual Report", showing that in 2021, TikTok e-commerce domestic product brand sales will increase by 667% year-on-year.
Recently, platforms such as Taobao and JD.com have successively updated their evaluation rules and regulations, expressly prohibiting merchants from "rewarding good reviews".
On January 14th, Tmall Global launched the 2022 global investment promotion and officially launched three new cross-border import services: cross-border brand station, new world factory and overseas direct purchase.
JD.com announced that it has reached a strategic cooperation with Internet infrastructure provider Shopify, becoming Shopify's first strategic partner in China, creating a new cross-border e-commerce channel for Chinese and overseas merchants.
International Group
According to sources, the Estée Lauder Group may increase the prices of its Estée Lauder, Aquamarine and Clinique brands from January 28.
Recently, it is reported that Shiseido Group has completed the sale of the three brands of Shiseido, ZA and Pure&Mild.
P&G posted net sales of $21 billion in the second quarter of fiscal 2022, an increase of 6% year-over-year, with organic sales in the beauty business up 2% year-over-year and organic sales in the health care business up 8% year-over-year. Net profit in the second quarter of fiscal 2022 was US$4.223 billion, a year-on-year increase of 10%.
Tax free news
According to the Hainan Provincial Department of Commerce, in 2021, the total sales of the 10 duty-free shops on outlying islands in Hainan will be 60.173 billion yuan, a year-on-year increase of 84%.
Among them, duty-free sales were 50.49 billion yuan, an increase of 83% year-on-year; the number of duty-free shoppers was 9,676,600, a year-on-year increase of 73%; the number of duty-free purchases was 53,492,500, a year-on-year increase of 71%.
According to statistics from Haikou Customs, since the implementation of the "zero tariff" list of Hainan Free Trade Port on December 1, 2020, as of the end of 2021, the cumulative value of imported goods under the "zero tariff" policy has reached 5.88 billion yuan, reducing taxes for enterprises by 1.06 billion yuan.