Retail Channel

Recently, it is reported that the public account of SN' SUKI, a beauty collection store that has been on fire before, has been migrated from "SUKI Beauty Integration Chain" to "WeekGift". As a result, the current real business situation of SN' SUKI has once again triggered Industry concerns.

On July 13, MINISO (Hong Kong stock code: 9896.HK) was officially listed on the Hong Kong Stock Exchange with an offering price of HK$13.8 per share.

Recently, Aaron Chatterley, one of the founders of British beauty e-commerce company Feelunique, posted that Feelunique has been acquired by Sephora, a beauty retail giant under LVMH, and the delivery has been officially completed recently.

On the evening of July 26, LVMH Group released its financial report for the first half of 2022. According to the financial report, as of June 30, 2022, LVMH Group achieved operating income of 36.7 billion euros (equivalent to about 251.788 billion yuan), a year-on-year increase of 28%; operating profit was 10.235 billion euros (equivalent to about 70.219 billion yuan), a year-on-year increase twenty three%.

Among them, the perfume and cosmetics business revenue increased by 20% to 3.618 billion euros (equivalent to about 24.822 billion yuan).

According to the financial report, Sephora (SEPHORA) showed a strong rebound in the first half of 2022, with more than double-digit growth compared to 2019 (before the outbreak of the new crown).

Authoritative Release

Recently, the State Food and Drug Administration showed that the new raw material was newly added. The name of the raw material is β-nicotinamide mononucleotide, and the filing company is Yuyao Lefusben Health Technology Co., Ltd. However, the technical requirements have not yet revealed the relevant information. According to its previous technical requirements, the purpose of use of the raw material is skin protectant, moisturizing agent and antioxidant. The raw material is mainly used in various cosmetics except lip products, oral hygiene products and spray products. The maximum concentration limit of its use is ≤3%.

On July 7, the China Consumers Association and the China Health Care Association Cosmetics Development Working Committee issued a summer consumption reminder "Ensure the safety of children's makeup, please keep these consumption reminders". The China Consumers Association pointed out that there is no "food-grade" cosmetics, and there is a safety risk when ingesting cosmetics by mistake.

On July 18, the raw material applied by Honeywell Trading (Shanghai) Co., Ltd.: trans-1-chloro-3,3,3-trifluoropropene entered the raw material filing and testing period. The raw material is a chemical raw material, and the preparation process is Using hydrogen fluoride and 1,1,1,3,3-pentachloropropane as raw materials, adopting a series reaction kettle process, liquid-phase fluorination is used to prepare trans-1-chloro, 3,3,3-trifluoropropene.

A few days ago, the Fujian Provincial Drug Administration issued a public announcement on the proposed cancellation of the filing of ordinary cosmetics. According to the relevant provisions of the "Cosmetics Supervision and Administration Regulations", it is proposed to cancel the business license of Fuzhou Duoyuan Biotechnology Co., Ltd. and other 149 companies. Cosmetics filing products have been cancelled, involving a total of 898 products, and the publicity period will be from July 13, 2022 to August 11, 2022.

On July 20th, the raw material applied by Silkroad Company: polysiloxane quaternary ammonium salt-20 entered the raw material filing and testing period, and the raw material is a chemical raw material. The purpose of use of raw materials is hair conditioner, and the range of raw materials is all kinds of hair cosmetics. The maximum allowable concentration for cosmetic use is <3.0%. In addition, the feedstock needs to be avoided with oxidizing agents.

Brand and Industry

On July 5, the State Food and Drug Administration issued a toothpaste popular science reminder, emphasizing that some so-called toothpaste products sold on the market claim to "promote teething in children", "repair tooth holes", "close between teeth", "stabilize loose teeth" , and even "regenerate teeth" and other effects. It should be pointed out that toothpaste is not a medicine, it cannot treat diseases, and it does not have the efficacy claimed above. The State Pharmaceutical Administration reminds consumers that any toothpaste cannot treat oral diseases, toothpaste cannot "promote teeth growth", and toothpaste cannot "fill tooth holes".

Recently, the subsidiary of Future Development Holdings (01259.HK) plans to sell the entire equity of Frog Prince (Fujian) baby care products for 50 million yuan. The buyer is Sinaijie (Fujian) Oral Health Technology Co., Ltd. After the transaction is completed, the financial performance of Frog Prince will no longer be consolidated into the consolidated financial statements of Future Development Holdings. 

Recently, Jinbo Bio received the "Inquiry Letter on Review of Shanxi Jinbo Biomedical Co., Ltd.'s Public Offering of Shares and Listing Application Documents on the Beijing Stock Exchange" issued by the Beijing Stock Exchange. Inquired about Jinbo Bio's prospectus with management analysis, use of raised funds, etc.

On June 28, Walgreens Boots Alliance, Inc. (WBA) announced that it would retain the businesses of its drugstore chain brand Boots and skin care brand No7 Beauty Company, and would no longer sell them. 

Following the request of the State Drug Administration on July 4 to strictly investigate Han Fei's hair dye cream, on July 6, the State Drug Administration issued a notice on the results of the flight inspection of Guangzhou Han Fei Cosmetics Co., Ltd. Guangzhou Han Fei Cosmetics Co., Ltd. Co., Ltd. was required to stop production for rectification, and a case was filed for investigation.

According to the Korea Food and Drug Safety Administration on the 7th, South Korea exported cosmetics worth 9.18357 billion US dollars last year, an increase of 21.3% over 2020.

Recently, Korea Kema acquired a 55% stake in YONWOO, a leading Korean cosmetic packaging material company, and completed the incorporation of a subsidiary. Through this alliance, Kolmar Korea has a vertical cosmetics value chain, thereby further strengthening its global competitiveness.

On July 13, Proya released a record of investor relations activities. In the first quarter of 2022, the company's revenue increased by 38.53% year-on-year, and the net profit attributable to the parent increased by 44.16% year-on-year.

Proya said that during 618 this year, the company’s main brand Proya achieved good sales results on platforms such as Tmall, Douyin, and JD. And Douyin platform, Tmall makeup category ranked ninth.

On July 13, the General Administration of Customs announced the national import and export customs data in June. In the first half of this year, my country's total import and export value was 19.80 trillion yuan, an increase of 9.4% over the same period last year; the total export value was 11.14 trillion yuan. It was up 13.2% over the same period last year; the total value of imports was 8.66 trillion yuan, up 4.8% over the same period last year.

Among them, beauty cosmetics and toiletries imported 33,443.9 tons in June, down 12.86% year-on-year; the import value was 11.88 billion yuan, down 2.38% year-on-year. In the first half of the year, the cumulative import was 204,148.0 tons, a year-on-year decrease of 9.5%.

The import value was 72.54 billion yuan, down 5.7% year-on-year. From the month-on-month trend, the import value of cosmetics and toiletries in the first half of the year continued to decline, and the import tonnage only increased slightly in May, but the overall trend was still declining.

Some time ago, Indonesian consumers were swiped by the #WouldYouLoveYou# challenge on TikTok, and the number of interactions on the video exceeded 300,000 times. Since 2022, the initiator of the challenge, Y.O.U, the color cosmetics and skin care brand, has continued to increase its online monthly GMV with a growth rate of over 100%. It is reported that in February 2022, Y.O.U completed a $40 million Series C financing.

On the evening of July 18, Pien Tze Huang released a performance report. In the first half of 2022, the company achieved operating income of 4.423 billion yuan, a year-on-year increase of 14.91%. Specifically, in the first half of the year, the operating profit of Pien Tze Huang was 1.598 billion yuan, a year-on-year increase of 18.73%; the net profit attributable to shareholders of listed companies was 1.314 billion yuan, a year-on-year increase of 17.83%. Basic earnings per share were 2.18 yuan per share.

On the evening of July 20, Bloomage Bio released the first half of 2022 performance report. In the first half of the year, Bloomage Bio's revenue was 2.936 billion yuan, a year-on-year increase of 51.62%; the net profit attributable to the parent was 470 million yuan, a year-on-year increase of 30.49%; the non-net profit attributable to the parent was 410 million yuan, a year-on-year increase of 34.04%. At the end of the reporting period, the total assets were 7.846 billion yuan, an increase of 4.56% over the beginning of the reporting period.

On July 18, "Bianmei Diary" completed a round of financing of tens of millions of dollars, led by Jinshajiang Venture Capital, and joined by Ying Universe Group (formerly Yingke Interactive Entertainment Group) and Chengdu-Chongqing Baijing Cultural Industry Investment. The old shareholders Ceyuan Venture Capital and Qifeng Capital continued to make additional investments.

On July 17, Water Sheep Group Co., Ltd., the parent company of Yunifang, announced that Water Sheep had officially reached a controlling stake acquisition agreement with the parent company of the French high-end anti-aging brand Evidens de Beauté.

BCR, which is controlled by a Swiss company and serves more than 3,000 retail stores around the world every year, recently acquired Fanxin Display, a high-end cosmetics retail display service provider from China. Both are leaders in China's retail display design industry, and their combination will further intensify the transformation of China's cosmetics retail display market.

On July 16, the GEM Listing Committee of the Shenzhen Stock Exchange made a decision to terminate Wanxiang Technology's initial public offering and review of its listing on the Growth Enterprise Market. Wanxiang Technology has become the 16th company whose IPO has been rejected this year.

On July 12, Bloomage Bio's new raw material hydrolyzed calcium hyaluronate completed the filing and has now entered the monitoring period. This is also the second new raw material that Bloomage Bio has completed the filing this year.

On July 15, the National Bureau of Statistics released the retail sales data of consumer goods from January to June 2022. Data show that the total retail sales of cosmetics in the first half of the year was 190.5 billion yuan, down 2.5% year-on-year. Among them, the total retail sales of cosmetics in June was 42.4 billion yuan, a year-on-year increase of 8.1%, achieving the first increase after the three consecutive declines in cosmetics retail consumption in March, April and May this year. However, the overall retail sales of cosmetics from January to June still maintained a downward trend.

On July 18, New Oxygen (SY.US) received a notice from Nasdaq that the company's American Depositary Shares (ADS) closed below $1 per share for 30 consecutive trading days. If the company is granted a compliance period of 180 calendar days, that is until January 11, 2023, to regain compliance with Nasdaq listing rules. Companies may be eligible for an additional 180-day compliance period if they do not resume compliance by January 11, 2023. New Oxygen said that Nasdaq's notification letter does not affect the company's business operations, and the company will take all reasonable measures to restore compliance within the specified grace period.

According to the disclosure of the Hong Kong Stock Exchange, as of July 18, the prospectus submitted by Shanghai Shangmei Cosmetics Co., Ltd., the parent company of Hanshu, has not been updated for 6 months, indicating that it is invalid. Currently, the relevant application materials are no longer available for viewing or downloading.

On July 13, Fuerjia updated the prospectus and replied to the second round of review inquiry letter of Shenzhen Stock Exchange. In the latest prospectus, Fu Erjia said that in the first half of 2022, mainly affected by the epidemic, some regional terminal channels could not operate normally, and the sales growth slowed down. A year-on-year increase of 0.03% to 5.03%.

On July 14, Lily and Beauty released a forecast for the first half of 2022. Liren Beauty expects to achieve a net profit attributable to listed companies of 4 million to 6 million yuan in the first half of 2022. A year-on-year decrease of 201 million yuan to 199 million yuan, a decrease of 98.05% to 97.08%.

On July 14, Ruo Yuchen released a performance forecast for the first half of 2022. Ruo Yuchen predicts that the net profit attributable to shareholders of listed companies in the first half of 2022 will be 7.3-9.5 million yuan, a decrease of 76.15% to 81.67% over the same period of the previous year; the net profit after deducting non-recurring gains and losses will be 6.85-9.05 million yuan , a decrease of 70.64% to 77.78% over the same period of the previous year.

Guoji: The market size of the smart oral care category on social media platforms in the first half of 2022 was 376 million, of which the total GMV of Douyin reached 338 million, an increase of 85% year-on-year.

From July 13th to July 19th, Proya and Douyin created the Proya Douyin Super Quality Day. The data shows that on this Douyin E-commerce Super Product Day, Proya has achieved excellent results with a total GMV of over 70 million and an omni-channel exposure of more than 500 million.

U.S. luxury beauty sales rose 16 percent in the second quarter, or $6 billion, according to the NPD Group. Among them, the sales of cosmetics increased by 18% compared with the same period last year, exceeding the $2 billion mark, accounting for one-third of sales; perfumes increased by 13%. Prices rose by 6%;

Hair care is the smallest but fastest growing, up 24% to $781 million; in skin care, body care products are growing faster than facial skin care products, especially those containing ingredients such as vitamin C, retinol and algae, sun protection an increase of 52%.

On July 27, Reckitt Benckiser, the parent company of Dettol and Veet, announced its results for the first half of 2022. In the first half of the year, all divisions of RB maintained a high growth momentum, with a total net income of 56.091 billion yuan. According to the International Financial Reporting Standards, the net income increased by 4.4%. Among them, e-commerce net income increased by 19%, accounting for 13% of the group's net income.

The beauty brand Maybelline customer service said a few days ago that with the shift of strategic focus, the brand will gradually close all offline stores in China. After that, only the counters in Watsons will be retained offline, and the future will focus on online channel sales.

On July 21, Lushang Development released a briefing on the operation of the biopharmaceutical sector. From January to June 2022, Lushang Development’s biopharmaceutical segment achieved a year-on-year increase in revenue, of which: the company’s cosmetics segment achieved revenue of 1.001 billion yuan, a year-on-year increase of 61%; the company’s raw materials and additives segment achieved revenue of 159 million yuan, an increase of 11% year-on-year.

Recently, the Shanghai Municipal Administration of Market Supervision announced a punishment information showing that Cao was fined and confiscated 486,300 yuan for operating cosmetics without Chinese labels in his Taobao online store. The punishment information shows that the law enforcement department received a report that Cao was suspected of operating FANCL brand cosmetics without Chinese labels in his Taobao online store and smuggled into China without customs filing, and then went to the delivery address of the online store to seize the above-mentioned imported cosmetics without Chinese labels.

Electronic business platform

Recently, Ali's self-operated lifestyle brand "Taobao Xinxuan" announced that the store has been suspended.

A few days ago, Tmall added a public notice of the "Tmall Children's Cosmetics Release Specification" (hereinafter referred to as the "Specification"), which will be announced on July 5, 2022, and will take effect on July 12, 2022.

The "Children's Cosmetics" as mentioned in the "Specifications" refers to cosmetics that are suitable for children under the age of 12 (including 12 years old) and are released on Tmall with functions such as cleaning, moisturizing, cooling and sun protection. The details page uses trademarks, patterns, words, homophony, letters, pinyin, numbers, symbols, packaging forms, etc. to expressly or imply that the product users include children's products.

The "Specification" mainly includes the content of children's cosmetics in terms of category release, product information release, and efficacy claims.

Recently, Xiaohongshu officially announced that it will launch a product capability with the goal of "commodity visits" to help merchants opening stores in Xiaohongshu Mall. With this as an optimization goal, it will increase the traffic of the product details page, thereby promoting the site. Transaction conversion.

Xiaohongshu: The search index for men's skin care topics has risen by 167% in the past two months.

On July 11, Taobao Live and iResearch jointly released the "2022 Taobao Live Annual New Consumption Trend Report".

According to the data of this report, Taobao Live has accumulated more than 50 billion views since its establishment in 2016; the per capita viewing time of Taobao Live has increased by 25.8%, and the number of products on the platform has increased by 53.0%.

And the report data shows that in 2021, the number of resident talents in Diantao will also increase significantly, with a year-on-year increase of 15 times, and the number of resident MCNs will increase by 4 times. In 2021, Diantao PV will increase by over 240% annually, the average daily video playback volume will increase by 350%, and GMV will increase by over 100% annually.

Recently, the video account has launched the first batch of merchants invited by the whitelist. It is reported that the whitelist will be opened one after another after July 23. At the same time, the WeChat open platform also issued an "announcement on optimizing the use of video account windows" for video account merchants and experts, saying that on July 21, the "video account shop" will be launched, and it will be used in the future. To use the video account window function, you must first register for the "Video Account Store".

International Group

According to reports, the cosmetics giant Estee Lauder has started a new round of price increases since July. Among them, the high-end skin care brand Hailan Mystery mainly increases the price of classic products such as face creams, eye creams, and essence milk. The rest of the Estee Lauder brand of skin care products also In order to adjust the price, the increase is between 50 and 100 yuan. It is worth noting that this is the second time the Estee Lauder Group has raised prices this year. As early as the beginning of the year, some products of the 9 brands under the Estee Lauder Group collectively raised prices.

Johnson & Johnson recently released its financial report for the second quarter of 2022 on its official website, with global sales exceeding 162 billion yuan. Among them, the sales of beauty and personal care business were 7.605 billion yuan, a year-on-year increase of 3.7%.

On July 18, in order to promote green and low-carbon consumption and enhance the protection of consumers' right to know in the beauty industry, L'Oreal China donated funds and jointly established the "L'Oreal Healthy Low-Carbon Special Fund" with the Shanghai Consumer Rights Protection Foundation.

On July 26, Unilever released its financial report for the first half of 2022, with a turnover of 240.576 billion yuan, a year-on-year increase of 14.9%. Basic sales increased by 8.1% to 29.6 billion euros. During the period, the group's sales in the Chinese market recorded a low-single-digit decline. However, driven by South Asia and Southeast Asia, sales in Asia, Africa, and the Middle East still gained. a 9% increase. Among them, e-commerce sales accounted for 14% of turnover.

On July 26, 2022, L'OCCITANE (L'Occitane) (00973.HK) announced that for the three months ended June 30, 2022 (the first quarter of fiscal 2023), the company's sales reached 416 million euros, according to the report Double-digit growth was recorded in both currency and constant currency terms, at 23.4% and 15.8%, respectively.

On a comparable basis (i.e. based on a comparable consolidated and constant currency range), the Group's sales growth was 5.1% compared to a high base of 27.7% growth in the same quarter last year.

Tax free news

On June 30, China Tourism Group China Duty Free Co., Ltd. once again submitted a listing application to the Hong Kong Stock Exchange, intending to be listed on the main board of the Hong Kong Stock Exchange. CDFG announced in December 2021 that it would suspend the listing process of Hong Kong stocks because of the impact of the new crown pneumonia epidemic and other factors, the global economy has been greatly affected.  

Since the adjustment of the new duty-free policy for outlying islands in Hainan on July 1, 2020, as of the end of June this year, Haikou Customs has supervised a total of 90.6 billion yuan in sales of outlying island duty-free commodities, 125 million pieces of sales, and 12.28 million shopping passengers. The average daily shopping amount is 124 million yuan, an increase of 257% compared with that before the implementation of the new policy, which effectively stimulates consumption potential and becomes an important engine for Hainan's economic development.

On the afternoon of July 27, CDFG (SH601888, stock price 214.83 yuan, market value 419.45 billion yuan) released its 2022 first half performance report.

According to the announcement, during the reporting period, China CDFG achieved a total operating income of 27.651 billion yuan, a decrease of 22.17% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 3.938 billion yuan, a decrease of 26.49% over the same period of the previous year.