Retail channel
According to the 2021 financial report of Watsons’ parent company, Changjiang Hutchison Industrial Co., Ltd., Watsons’ global sales were HK$173.601 billion (approximately RMB 141.119 billion), a year-on-year increase of 9%. Among them, sales in China area were 22.77 billion Hong Kong dollars (about 18.51 billion yuan), a year-on-year increase of 14%, the largest increase in five years.
Recently, the official website of the Shanghai Municipal Administration for Market Regulation showed that Shanghai Hua Mei Le Xiang Enterprise Development Co., Ltd. was confiscated 152,000 yuan of illegal income and fined 735,100 yuan for "producing and operating cosmetics whose labels do not meet the provisions of these regulations." A fine of more than 887,000 yuan was confiscated. Recently, the new retail enterprise of the beauty brand, Guoxun Technology, completed the second round of financing of tens of millions, led by Hyde Capital and Dayuan Investment.
Authoritative release
On March 7, the State Food and Drug Administration issued a popular science article "A Correct Understanding of the Children's Cosmetics Mark "Little Golden Shield", which once again emphasized the meaning of "Little Golden Shield" and clearly pointed out that "'Little Golden Shield' is not a product quality certification mark". On March 2, the State Food and Drug Administration issued the "Announcement on Matters Concerning the Filing of Class I Medical Devices (Draft for Comment)" to solicit comments from the whole society. The deadline for feedback is March 31, 2022. On March 16, the Guangzhou Municipal Bureau of Supervision issued the "Warm Reminders for General Cosmetics Filers on Product Annual Reports, Platform Claims, and Data Supplementary Records". According to the "Reminder", if the registered ordinary cosmetics fail to submit the annual report in the ordinary cosmetics filing management system in time, carry out product claims and supplementary records and other matters, the regulatory authorities will take measures such as canceling the filing.
Brand and Industry
The 2021 annual report of Shanghai Lily & Beauty Cosmetics Co., Ltd. shows that: Lily & Beauty will achieve operating income of 4.155 billion yuan in 2021, a year-on-year decrease of 9.67%, and a net profit attributable to the parent of 411 million yuan, a year-on-year increase of 20.99%. In the fourth quarter of 2021, Lily & Beauty achieved revenue of 1.654 billion yuan and net profit attributable to the parent of 149 million yuan. Recently, Oriflame, a direct selling company headquartered in Sweden, reported its financial performance for the full year of 2021, showing that Oriflame’s full-year sales in 2021 will be 1.0165 billion euros, which is lower than last year’s sales decline of 12%. On February 28, TranBio released its 2021 annual performance forecast. The net profit attributable to shareholders of the listed company was 33 million to 37 million yuan, a year-on-year decrease of 60% to 64%. According to Euromonitor data, the compound annual growth rate of China's sunscreen market in the past 15 years is as high as 12%. Even if affected by the general trend of the epidemic in 2020, the growth rate of the beauty market has slowed down, and the growth rate of the sunscreen market has slowed to 6.7% year-on-year, but the overall market share is still as high as 14.4 billion yuan. It is expected that this amount will increase to 244 million in 2024. billion.
The research and technology skin care brand "YOUNGMAY" has completed tens of millions of Pre-A rounds of financing. The lead investor in this round is Meihua Venture Capital, and the co-investors are Changgang Bio, old shareholder Gao Zhang Capital, and Yuze Capital is the exclusive investor. financial consultant. On March 11, Aoki Digital Technology Co., Ltd., an e-commerce service provider for beauty brands such as Filorga and La Roche-Posay, will be listed on the Shenzhen Stock Exchange. The unaudited performance report of Yixian E-commerce in 2021 shows that the revenue of Yixian E-commerce in 2021 will reach 5.84 billion yuan, a year-on-year increase of 11.6%. 42.5% narrower. On March 8, French skin care brand Cetaphil released a statement of "anti-counterfeiting" on its official WeChat account and Weibo. In the statement, Cetaphil directly publicly named 15 Taobao stores, saying that the government has never authorized or supplied these stores, and consumers are requested to choose carefully. On the evening of March 9, China's well-known beauty cosmetics company Proya Cosmetics Co., Ltd. released an announcement on the main operating data from January to February 2022. Proya revealed in the announcement that after preliminary accounting, from January to February 2022, Proya achieved a total operating income of about 630 million yuan, a year-on-year increase of about 30%; the net profit attributable to shareholders of the listed company was about 60 million yuan, a year-on-year increase of 35%.
For the first time in Pien Tze Huang’s history, the monthly main operating data report stated that the net profit in the first two months of this year increased by 20% year-on-year. In the first quarter of last year, the net profit increased by 20.84% year-on-year, which is not much different; if the growth rate slowed down compared with the whole year of last year, the company's net profit attributable to the parent company in 2021 increased by 45.55% year-on-year. On March 15, the National Bureau of Statistics announced that the total retail sales of cosmetics from January to February was 61.8 billion yuan, a year-on-year increase of 7.0%. In addition, the national online retail sales reached 1,955.8 billion yuan, a year-on-year increase of 10.2%. Among them, the online retail sales of physical goods was 1,637.1 billion yuan, an increase of 12.3%, accounting for 22.0% of the total retail sales of social consumer goods. On March 10, Guangdong Bawei Biotechnology Co., Ltd. announced that on March 9, the company signed a Beijing Stock Exchange listing guidance agreement with Wanlian Securities, and then submitted the Beijing Stock Exchange to the Guangdong Securities Regulatory Bureau on March 10. The listing counseling filing materials were accepted. At present, the company has entered the guidance period for listing on the Beijing Stock Exchange. Shanghai Jahwa's annual report shows that in 2021, the company's revenue is 7.65 billion yuan, an increase of 8.73% year-on-year; gross profit margin is 58.73%, a year-on-year increase of 2.84%; sales expenses are 2.947 billion yuan, an increase of 11.68% year-on-year; management expenses are 791 million yuan, a year-on-year increase of 9.75%; R&D expenses were 163 million yuan, a year-on-year increase of 13.07%; net profit was 649 million yuan, a year-on-year increase of 50.92%; non-net profit was 676 million yuan, a year-on-year increase of 70.76%.
Ulta Beauty's 2021 annual financial report shows that Ulta Beauty's sales in fiscal 2021 increased by 40.3% year-on-year to US$8.6 billion (approximately RMB 54.401 billion); net profit increased significantly by 461% to US$990 million (approximately RMB 6.26 billion) . Recently, Mistine, a national beauty brand in Thailand, received over RMB 200 million in Series A financing, led by Cathay Capital, followed by Yiyuan Capital, and Light Source Capital as the exclusive financial advisor. On March 22, Yunnan Bethany Biotechnology Group Co., Ltd., "the first share of functional skin care products", released its 2021 financial report. The financial report shows, 1. From January to December 2021, Bethany's operating income reached 4.022 billion yuan, a year-on-year increase of about 52.57%; net profit reached 863 million yuan, a year-on-year increase of about 58.77%; 2. The gross profit margin of skin care products reached 76.01%, which remained stable year-on-year, and was higher than that of traditional listed skin care companies. Brazilian beauty group Natura, which owns Avon, Aesop and The Body Shop, has suspended plans to list on the New York Stock Exchange, according to reports. According to the "Technical Specifications for Cosmetics Safety", a total of 20,245 batches of cosmetics will be sampled nationwide in 2021. The national cosmetic sample inspection pass rate is 98.03%. Among the 11 types of cosmetics sampled, the overall pass rate of 9 categories of products such as freckle/whitening exceeds 98%, and the hair dye category has an overall qualified rate of over 98%. The pass rate was 87.6%, ranking last.
On March 22, Zhuhai Isjia Technology Co., Ltd. issued an announcement on the proposed termination of the public offering of shares to unspecified qualified investors and the application for listing on the Beijing Stock Exchange and the withdrawal of the application materials.
E-commerce platform dynamics
On February 28, Kuaishou E-commerce announced that the platform has added the "Beauty Industry Promotion Specification", which aims to regulate the promotion content and behavior of people who bring goods, and avoid unnecessary marketing violations and after-sales disputes. effective date. According to data released by Tiktok e-commerce, in 2021, Tiktok’s domestic beauty makeup sales will increase by 696% year-on-year. In February, a total of 99 beauty and skincare brands on Tiktok achieved sales of more than 1,000w, of which 38 brands had sales of more than 2,000w.
JD.com released its fourth-quarter and full-year 2021 results. For the full year of 2021, JD.com achieved a net income of 951.6 billion yuan (about 149.3 billion U.S. dollars), a year-on-year increase of 27.6%.
On March 3, the Tiktok e-commerce platform issued a public notice of the "[Beauty] Industry Management Specifications" (revised). This revision adjusts the operating standards of some cosmetic brands, and restricts the promotion of some brands that are not authorized by the brand owner on the Tiktok platform. The revised "Code" will take effect on March 10, 2022. Recently, Pinduoduo released its unaudited fourth quarter and annual financial results for the year ended December 31, 2021. The total revenue of Pinduoduo in the fourth quarter was 27.2 billion yuan, and the total revenue for the whole year was 93.9 billion yuan, a year-on-year increase of 58%, mainly due to the growth of online marketing technology service revenue and transaction service revenue. The platform's annual transaction value (GMV) and the active buyer's annual average consumption value (ARPU) achieved double growth.
On March 23, the Taote Spring Product Communication Conference announced the launch of "Taote 10 Yuan Store" and "Taote 100". Taote 10 yuan store is positioned as a small commodity covering various life scenarios; Taote 100 is positioned as a consumption upgrade trend product, focusing on cost-effective and high-quality products "replacement of big brands". Over the past year, more than 5,000 new overseas brands have entered Tmall Global, and more than 2,000 small and medium-sized brands have achieved annual sales of over one million.
International Group
Beiersdorf’s 2021 financial report shows that Beiersdorf’s annual sales increased by 7.6% to 53.819 billion yuan (7.6 billion euros), exceeding the level before 2019. Profit before tax excluding special factors was 7.032 billion yuan (933 million euros), a growth rate of 9.6%. Recently, Relvon Revlon released its fourth-quarter and full-year 2021 results. In fiscal 2021, the company's net income was US$2.0787 billion (approximately RMB 13.133 billion), a year-on-year increase of 9.2%. In the fourth quarter, Revlon's net income fell 1.8% year-on-year to $615.2 million (about 3.887 billion yuan). On March 10, the Brazilian cosmetics giant Natura&CO released its 2021 financial report. Natura&CO's revenue last year was 40.2 billion reais (about 50.6 billion yuan), an increase of 8.8% year-on-year. The sales of its brands such as Avon, The Body Shop, and Aesop all recorded growth.
Recently, the counterattack of the genuine 3CE Sanxiyu PK cottage "3CE" has finally settled. In the end, 3CE Sanxiyu, a brand of L'Oreal Group, won the final judgment of the trademark infringement lawsuit.