Retail channel

According to the documents of the Hong Kong Stock Exchange, MINISO submitted an IPO application to the Hong Kong Stock Exchange, seeking a dual primary listing on the main board of the Hong Kong Stock Exchange, with Bank of America, Haitong International, and UBS as the joint sponsors. According to the prospectus, for the six months ended December 31, 2021, MINISO’s revenue increased by 24.2% to 5.4269 billion yuan, and adjusted net profit increased by 114.2% to 398.6 million yuan.

Pop Mart announced on the Hong Kong Stock Exchange that in 2021, its revenue will be 4.49 billion yuan, a year-on-year increase of 78.7%, and its net profit will be 854 million yuan, a year-on-year increase of 63.2%.

GDFS, a new retail enterprise of high-end beauty brands, has once again completed the second round of financing of tens of millions of yuan.

On April 14, an "Administrative Penalty Decision" issued by the Guilin City Market Supervision and Administration Bureau showed that during the daily supervision and inspection of Guilin Huizhilin Cosmetics Co., Ltd., it was found that the company was in the cosmetics warehouse inspection process. The product number was not inspected and recorded on site, and Hui Zhilin was fined 2,000 yuan accordingly.

Pop Mart released the results for the first quarter of 2022, and the overall revenue (unaudited) in the first quarter recorded a positive growth of 65%-70% compared with the same period in 2021. The performance of each channel’s revenue (unaudited) compared with the first quarter of 2021: retail stores recorded a positive growth of 75%-80%; e-commerce platforms and other online platforms recorded a positive growth of 65%-70%; Wholesale and other channels recorded positive growth of 25%-30%.

Authoritative release

On March 30, the State Food and Drug Administration publicly solicited opinions on the "Check Points and Judgment Principles of Good Manufacturing Practice for Cosmetics (Draft for Comment)". The public consultation period is March 30-April 20, 2022.

On March 30, the State Drug Administration issued the "Announcement on Adjusting Part of the "Medical Device Classification Catalog" (No. 30 of 2022). Among them, from April 1, 2024, products such as radio frequency therapeutic apparatus and radio frequency skin therapeutic apparatus shall not be produced, imported or sold without obtaining a medical device registration certificate according to law.

Recently, the State Food and Drug Administration announced that in order to strengthen the supervision and inspection of cosmetics, according to the "Notice of the General Department of the State Food and Drug Administration on Printing and Distributing the "Through Train" Inspection System for Cosmetics Safety High-risk Information" (Medical Administration Comprehensive Cosmetics [2021] No. 111) ) requirements, from April 1, 2022, the “Special Seal for Cosmetic Inspection and Sampling of the State Food and Drug Administration” will be activated.

The "007" new raw material "β-nicotinamide mononucleotide", which can be used in various skin cosmetics, was successfully filed. It is reported that the raw material is mainly used in various skin cosmetics, and its purpose is skin protectant and moisturizing agent. The safe use amount (the maximum allowable concentration when using cosmetics) is less than or equal to 10%, and the use period is 2 years.

A few days ago, the China Institute for Food and Drug Control issued the "Notice on Publicly Soliciting Comments on the Technical Guiding Principles of Children's Cosmetics (Draft for Comment)", in which the draft clarifies that children's cosmetics must not claim "high sun protection" and do not recommend the use of complex ingredients. It may contain 26 kinds of allergenic ingredients as fragrances, etc. The deadline for the draft for comments is April 28.

On April 27, the official website of the State Food and Drug Administration issued two replies, the "Reply Letter of the General Department of the State Food and Drug Administration on Matters Concerning the Registration and Filing Management of Cosmetics During the Prevention and Control of the New Coronary Pneumonia Epidemic" and the "General Department of the State Food and Drug Administration on Reply letter of the person in charge of cosmetic quality and safety on related issues. The former makes it clear that Shanghai will postpone the deadline for supplementary records of cosmetics companies from May 1, 2022 to December 31, 2022, while the latter relaxes the entry threshold for quality and safety managers.

Recently, the registration information of cosmetic raw materials of the State Food and Drug Administration shows that the new raw material of hydrolyzed zinc hyaluronate "008" has been successfully filed. The filing person is Bloomage Biotechnology Co., Ltd., and the filing date is April 20, 2022. According to the announcement information, the raw material is mainly used in various skin cosmetics, and its purpose is skin protectant and moisturizing agent.

Brand and Industry

Recently, an administrative punishment information released by the Shanghai Municipal Administration for Market Regulation showed that Shanghai Eco-Mei Daily Chemical Co., Ltd. was fined about 360,000 yuan for using unapproved cosmetic raw materials, which constituted an illegal act.

On March 23, Italian makeup giant Intercos announced its first annual report after its listing. The annual report shows that in 2021, Interlink’s operating income will be 4.725 billion yuan. Among them, the skin care business increased by 26.9% year-on-year to 900 million yuan.

On March 29, Hunan Lichen Industry released its 2021 annual report, achieving operating income of 2.749 billion yuan, a year-on-year increase of 15.94%; net profit attributable to the parent was 179 million yuan, a year-on-year decrease of 19.57%.

On March 29, the Hong Kong stock Bawang Group released its 2021 fiscal year annual report. The company achieved operating income of 274 million yuan in 2021, a year-on-year decrease of 0.86%. The net loss attributable to the parent company was 9.084 million yuan, and the loss increased by 124.96% year-on-year.

On March 30, Pien Tze Huang released a pre-earning announcement for the first quarter of 2022. In the first quarter of 2022, Pien Tze Huang expects a net profit of 678 million to 701 million yuan, a year-on-year increase of 20% to 24%.

On March 29, Blue Moon Group's 2021 annual performance report showed that its 2021 revenue was HK$7.597 billion (6.174 billion), a year-on-year increase of 8.6%. Net profit was HK$1.014 billion (824 million yuan).

On March 28, Proya released a performance forecast. It is expected that the operating income in the first quarter of 2022 will increase by 30%-40% year-on-year, reaching 1.177-1.268 billion yuan; the net profit attributable to shareholders of the listed company will be 148 million to 159 million yuan. , an increase of 35% to 45% year-on-year.

Recently, the Japanese beauty brand DINETTE received 800 million yen in Series B financing (about 41.5 million yuan), investors include Daiwa Corporate Investment, Ceres and MTG Ventures.

On April 13, the official website of Yixian E-commerce was informed that Yixian E-commerce received a letter from the New York Stock Exchange dated April 11, 2022, informing it that the trading price of its American Depositary Shares (ADS) was lower than the agreed price. standard. After being notified, the company must bring its share price and average share price back above $1.00 within 6 months. If compliance is not restored before the 6-month correction period expires, the NYSE will initiate trading suspension and delisting procedures. This means that Yixian E-commerce is facing the risk of delisting.

On April 13, the import and export data for the first quarter of 2022 was announced. Among them, according to customs statistics, the cumulative import of beauty cosmetics and toiletries in the first quarter was 97,505.2 tons, a year-on-year decrease of 2.9%; the amount was 34.74 billion yuan, a year-on-year decrease of 6.2%. In March, 35,886.9 tons of beauty cosmetics and toiletries were imported, a year-on-year decrease of 12.97%, and the amount was 12.93 billion yuan, a year-on-year decrease of 14.37%.

On April 9, according to Red Star News, Shanghai Dalway Trading Co., Ltd., the secret operator of the TST court, has been identified by the market supervision department as constituting an illegal act of organizing and planning pyramid schemes, and was confiscated of 19.2799 million yuan of illegal income and fined 1.7 million yuan.

Recently, the imported B2B cross-border supply chain platform "Central Purchase" completed the A+ round of financing of 100 million yuan. The funds will be further used for overseas warehouse expansion, product service iteration, and industry ecological improvement.

Proya's 2021 annual performance report shows that in 2021, Proya's operating income will reach 4.633 billion yuan, a year-on-year increase of 23.47%; the net profit attributable to shareholders of listed companies is 576 million yuan, a year-on-year increase of 21.03%. This is also a record high for Proya in revenue and net profit in the past 6 years.

 On April 14, Lushang Health Industry Development Co., Ltd., the parent company of Freda, released the 2021 annual report: the company achieved operating income of 12.363 billion yuan, a year-on-year decrease of 9.20%, and realized a net profit of 362 million yuan attributable to owners of the parent company, a year-on-year decrease of 43.34%. The Yilian brand under Freda achieved an annual operating income of 646 million yuan, a year-on-year increase of 73.08%; Dr. Aier achieved an annual operating income of 744 million yuan, a year-on-year increase of 272.14%.

On April 18, the National Bureau of Statistics released the retail sales data of consumer goods in the first quarter of 2022. In the first quarter, the total retail sales of consumer goods reached 10,865.9 billion yuan, a year-on-year increase of 3.3%. After deducting price factors, the total retail sales of consumer goods in the first quarter actually increased by 1.3% year-on-year. The total retail sales of cosmetics in the first quarter was 94.9 billion yuan, a year-on-year increase of 1.8%. The total retail sales of cosmetics in March was 34.5 billion yuan, down 6.3% year-on-year.

Recently, NEEQ Chuanger Bio released its 2021 annual report. In 2021, the operating income will be 240 million yuan, a year-on-year decrease of 20.8%; the net profit attributable to the parent is 34.471 million yuan, a year-on-year decrease of 62.73%. Among them, the sales revenue of skin care products decreased by 45.8738 million yuan compared with the same period of the previous year, down 42.89% year-on-year; the sales revenue of medical equipment decreased by 18.3521 million yuan compared with the same period of the previous year, down 9.41% year-on-year.

On April 15, Pien Tze Huang released its 2021 annual report. In 2021, Pien Tze Huang will achieve an operating income of 8.022 billion yuan, a year-on-year increase of 23.2%; the net profit attributable to shareholders of listed companies is 2.431 billion yuan, a year-on-year increase of 45.46%. Among them, the cosmetics and daily chemical business achieved revenue of 841 million yuan, accounting for about 10.48% of the total revenue, a year-on-year decrease of 7.05%.

On April 19, Bloomage Bio officially announced that it officially signed the "Property Rights Transaction Contract" with China Coal Geology Group Co., Ltd., and acquired a 51% stake in Beijing Yierkang Bioengineering Co., Ltd. for RMB 233 million, officially deploying the collagen industry.

On April 28, Shanghai Jahwa disclosed its financial report for the first quarter of 2022. During the reporting period, the company achieved operating income of 2.117 billion yuan; net profit of 199 million yuan, a year-on-year increase of 17.81%, deducted non-net profit of 212 million yuan, the highest value in the past 23 quarters; operating cash flow of 550 million yuan, a single quarter All-time high.

On April 27, Yunnan Bethany Biotechnology Group Co., Ltd. released its financial report for the first quarter of 2022. During the reporting period, the company's operating income achieved 809 million yuan, a year-on-year increase of 59.32%; the net profit attributable to shareholders of the listed company achieved 146 million yuan, a year-on-year increase of 85.74%.

The 2021 financial report of Fujian Qingsong Co., Ltd. shows that in 2021, Qingsong Co., Ltd. achieved operating income of 3.693 billion yuan, a year-on-year decrease of 4.44%; net profit attributable to shareholders of listed companies was -912 million yuan, a year-on-year decrease of 297.85%. At the same time, the revenue of North Bell Cosmetics Co., Ltd., a wholly-owned subsidiary of Qingsong Co., Ltd., during the reporting period was 2.509 billion yuan, a year-on-year decrease of 6.05%; the net profit attributable to North Bell's owner's equity was -055 million yuan, a year-on-year decrease of 55 million yuan. Down 119.03%.

Bloomage Bio's first-quarter financial report shows that as of March 31, the company's operating income reached 1.255 billion yuan, a year-on-year increase of 61.57%; the net profit attributable to shareholders of the listed company achieved 200 million yuan, a year-on-year increase of 31.07%.

According to the annual report released by COSMAX in April, in 2021, COSMAX will achieve a sales revenue of 1,591.5 billion won (about 8.3 billion yuan), a year-on-year increase of 15.1%; an operating profit of 560 million yuan, a year-on-year increase of 367%; Net income was 390 million yuan, a year-on-year increase of 255%.

According to the 2021 annual report of Yixian E-commerce, the parent company of Perfect Diary, the company's annual revenue reached 5.84 billion yuan, a year-on-year increase of 11.6%. Among them, skin care brand revenue grew rapidly, with GMV close to 1 billion yuan, a year-on-year increase of 332%, accounting for closed at 14.6%. The company's annual gross profit margin increased by 2.5 percentage points year-on-year to 66.8%, and the net loss narrowed by 42.7% year-on-year. The overall business showed a healthy development momentum.

According to the 2021 annual report and first quarter report of the beauty agency operator OneNet, the total revenue for the year was 1.135 billion yuan, a year-on-year decrease of 12.59%; the net profit attributable to the parent was 327 million yuan, a year-on-year increase of 5.39%. During the reporting period, the GMV of the company's service brands reached 27.1 billion yuan, a year-on-year growth rate of 35.5%, and 42 new cooperative brands were added.

In the first quarter, the revenue was 266 million yuan, a year-on-year increase of 19.58%; the net profit attributable to the parent was 51.881 million yuan, a year-on-year decrease of 2.38%. The service brand achieved GMV of 4.804 billion yuan, a year-on-year increase of 12.78%.

Recently, Xie Fuchun, a veteran domestic product, announced its 2021 annual results. The total revenue last year was 38.558 million yuan, a year-on-year increase of 15.52%; the net profit attributable to the parent was -6.1548 million yuan, a year-on-year decrease of 57.36%.

Guangzhou Ruoyuchen Technology Co., Ltd.'s 2021 annual financial report shows that the company's annual operating income was 1.288 billion yuan, a year-on-year increase of 13.44%; the net profit attributable to shareholders of the parent company was 29.1951 million yuan, a year-on-year decrease of 67.02%.

 Among them, the sales revenue of beauty and personal care in 2021 will reach 552 million yuan, accounting for 45.98%, which is the core business of Ruoyuchen. In 2021, the sales revenue of the maternal and infant category will reach 271 million yuan, accounting for 22.54%; Jiaqing will be 61 million yuan, accounting for 5.06%.

Ruo Yuchen also disclosed the results for the first quarter of 2022. In the first quarter of this year, the revenue was 284 million yuan, a year-on-year increase of 5.63%; the net profit attributable to the parent was 3.536 million yuan, a year-on-year decrease of 81.21%.

Recently, Yixian E-commerce released its 2021 annual report on its official account. The annual revenue in 2021 is 5.84 billion yuan, a year-on-year increase of 11.6%. Among them, the performance of the skin care sector increased by 332.3% year-on-year, and the performance contribution rate increased by 10.8%. It is worth noting that the R&D investment of Yixian E-commerce in 2021 will be 142 million yuan, a year-on-year increase of 113.5%, and the R&D investment revenue will account for 2.43%. At present, the number of patents is as high as 118, and the number of invention patents is 39.

Bethany disclosed the first quarter report. During the reporting period, the company achieved operating income of 809 million yuan, a year-on-year increase of 59.32%; net profit of 146 million yuan, a year-on-year increase of 85.74%; basic earnings per share of 0.34 yuan.

On April 27, Water Sheep released the 2021 annual performance report. The report shows that the company achieved revenue of 5.01 billion yuan last year, a year-on-year increase of 34.86%; net profit attributable to the parent was 236 million yuan, a year-on-year increase of 68.54%; The parent's net profit was 215 million yuan, a year-on-year increase of 58.31%, which is also the best "record" of Water Sheep since its listing. In addition, the report also disclosed the performance of Water Sheep in the first quarter of 2022. The Q1 company achieved revenue of 1.046 billion yuan, a year-on-year increase of 27.96%; net profit attributable to the parent was 41.58 million yuan, a year-on-year increase of 36.1%.

Logistics and e-commerce platform

JD.com announced that its subsidiary “JD.com Inc.” has completed a $800 million Series B financing. This round was jointly invested by Hillhouse Capital, Warburg Pincus and a global institutional investor.

On March 24th, Tiktok E-commerce released the updated public notice of "Illegal Operation of Cross-border and Hainan Duty-Free Business" in the "Regulations on the Management of Merchant Illegal Behavior". .

Recently, Youzan issued a profit warning. Compared with 2020, the net loss in 2021 is expected to expand to 3.29 billion yuan, and the adjusted annual non-Hong Kong financial reporting standard loss will expand to about 900 million yuan.

SF Holding disclosed its 2021 annual report. In 2021, SF Express's revenue was 207.187 billion yuan, a year-on-year increase of 34.55%; the net profit attributable to the parent was 4.269 billion yuan, a year-on-year decrease of 41.73%.

On March 29, Kuaishou Technology released its fourth-quarter and full-year results for 2021. Data shows that in the fourth quarter, the average daily active users of Kuaishou reached 323 million, and the average monthly active users increased by 21.5% year-on-year to 578 million, with an annual growth of over 100 million.

The total annual revenue of Kuaishou reached 81.1 billion yuan, and the total annual e-commerce transaction volume reached 680 billion yuan, a year-on-year increase of 78.4%. Benefiting from the development of Kuaishou e-commerce business, the revenue of other service segments reached 7.4 billion yuan, a year-on-year increase of 99.9%.

Yami, the largest Asian commodity shopping platform in North America, has completed a $50 million (about 318 million RMB) Series B financing.

On March 24, Youquhui Holdings released its 2021 annual report. In 2021, revenue will be 3.033 billion yuan, a year-on-year increase of 8.3%; net profit will be 30 million yuan, compared with a loss of 1.9 million yuan in the same period last year.

On March 31, Tiktok E-commerce released the "Implementation Rules for Stores without Supply" (new), and launched a collection of opinions on it. There are two main core changes in the rules. On the one hand, Tiktok has added a new violation scenario [no supply store] and the corresponding treatment measures for this scenario.

It is reported that JD Daojia and JD.com dual platforms launched the 415 promotion at the same time for the first time, which will be held from 8 pm on April 8 to April 17. This is the largest event in the history of JD Daojia’s 415th anniversary.

In March 2022, Tao Department (Tmall + Taobao) skin care products achieved sales of 16.5 billion yuan, accounting for 38.2% of 22Q1 sales, -18.5% year-on-year, and a month-on-month growth rate of 28.1%. In 22Q1, the sales of Tao series skin care products reached 43.2 billion yuan, with a quarter-on-quarter growth rate of -47.3%.

Alibaba's e-commerce platform Taote announced that it has officially launched Taote 10 yuan store and Taote 100. The former is deeply rooted in the sinking market with "super cost-effective", while the latter is aimed at the trend of consumption upgrading.

It is reported that in the past four years, the number of imported brands of baby sunscreen products on Tmall International has increased by more than 140%, and the sales volume of the category has increased by nearly 10 times.

According to user statistics, in 2022, the total transaction volume of the Tao Department and JD.com skin care market in Q1 is 47.257 billion yuan, a decrease of 2.46% from the first quarter of last year. Among them, the GMV of Amoy skin care was 35.760 billion yuan, a year-on-year decrease of 8.86%.

In the first quarter of 2022, Tiktok skin care products will have 639,600 related short videos and 2,482,400 related live broadcasts in the first quarter, with the overall user interaction showing an upward trend.

A few days ago, the independent cross-border e-commerce unicorn Ocean Terminal announced the acquisition of the leading new retail brand "Weimen" in China's beauty industry.

International Group

On March 24, L'Occitane Group confirmed the acquisition of a majority stake in Australian natural beauty brand Grown Alchemist. The terms of the transaction have not been disclosed yet. According to industry sources, the purchase price exceeded 50 million Australian dollars (about 240 million yuan).

On April 4, Unilever USA announced the recall of two antiperspirant products from its personal care brand Suave. The names of the two products involved are Suave 24-Hour Protection Aerosol Antiperspirant Powder and Suave 24-Hour Protection Aerosol Antiperspirant Fresh. , valid until September 2023.

On April 12, LVMH Group announced its financial report for the first quarter of 2022, with an operating income of 18 billion euros (about 124.215 billion yuan), an increase of 29% over the same period in 2021, and a 23% increase in organic revenue.

Johnson & Johnson's financial report for the first quarter of 2022 showed that revenue was US$23.4 billion (approximately RMB 149.5 billion), a year-on-year increase of 5%; net profit was US$5.149 billion, a year-on-year decrease of 16.91%. Among them, skin care products revenue was 1.012 billion US dollars, a year-on-year decrease of 13%.

Procter & Gamble's third quarter fiscal 2022 (January-March 2022) performance report shows that during the period, Procter & Gamble's sales were US$19.4 billion (approximately RMB 124.5 billion), an increase of 7% over the previous year. Excluding the impact of foreign exchange, acquisitions and divestitures, organic sales increased 10%. In this quarter, P&G achieved a net profit of 3.355 billion yuan (about 21.5 billion yuan) attributable to its parent, a year-on-year increase of 3%.

On April 20, L’Oréal released its first-quarter financial report showing that as of March 31, L’Oreal’s sales were 9.06 billion euros (about 62.5 billion yuan), a year-on-year increase of 19%. According to incomplete statistics, this result is at least the strongest growth in the first quarter of L'Oreal in the past 15 years.

On April 28, Unilever announced its financial results for the first quarter of 2022. According to the financial report, the company’s revenue in the first quarter was 13.782 billion euros (about 96.104 billion yuan), an increase of 11.8% year-on-year; basic sales increased by 7.3% year-on-year, higher than analysts’ expectations of 4.4%.

On April 26, L'Occitane International released its 2022 financial report. The report shows that in the 12 months ending March 31, 2022, the group achieved sales of 1.809 billion euros (approximately RMB 12.566 billion). ), an increase of 16.7% year-on-year at the reported exchange rate and 14.6% year-on-year at constant exchange rates.

Tax free news

Since the beginning of this year, the sales of duty-free shops in the outlying islands of Hainan have exceeded 15 billion yuan, a year-on-year increase. According to statistics, in the first two months of this year, the total sales of Hainan's 10 duty-free shops on outlying islands was 12.873 billion yuan, a year-on-year increase of 33%.

Among them, duty-free sales were 11.946 billion yuan, a year-on-year increase of 38%; the number of duty-free shoppers was 2.1266 million, a year-on-year increase of 36%; the number of duty-free purchases was 12.623 million, a year-on-year increase of 53%.

Entering March, the duty-free shopping in the outlying islands of Hainan was greatly affected by the epidemic. From March 1 to 23, the total sales of the 10 duty-free shops in the outlying islands of Hainan were 2.296 billion yuan, showing a year-on-year downward trend.