Retail channels
Secoo announced a share purchase agreement with HCYK Corporation Management Partner and Timing Capital Limited. Under the agreement, HCYK will subscribe for 3,750,000 Class A common shares at a total price of $3 million, and Timing Capital will subscribe for 1,250,000 Class A common shares of Secoo for a total price of $1 million.
On August 25, MINISO Group (NYSE: MNSO; HKEX: 9896) announced unaudited financial results for the fourth quarter and full year of fiscal 2022. In the past three months, the fourth quarter operating income of MINISO declined, from 2.47 billion yuan to 2.32 billion yuan, a decrease of 6.1%, but the gross profit margin increased to 33.3%, and the net profit increased by 56.9% year-on-year to 223 million yuan. As of June 30, 2022, MINISO achieved revenue of 10.09 billion yuan for the whole year, an increase of 11.2% year-on-year; Adjusted net profit was RMB720 million, up 51.4% year-on-year.
On August 26, Ulta Beauty, the largest beauty chain in the United States, released its second-quarter earnings. For the 13-week period ended July 30, 2022, Ulta Beauty's sales surged 17% year-over-year to $2,297 million (approximately $15,857 million), gross margin was approximately 40%, and net profit jumped 18% to $295 million (approximately $2,037 million), according to the report.
Recently, KK Group's boutique lifestyle collection brand KKV and Meituan Flash Sale officially reached a cooperation. At that time, consumers can place orders for KKV products in Meituan and Meituan takeaway apps in more than 100 cities across the country.
According to public information, the founder of Bonjour cosmetics store in Hong Kong, who was once on a par with Sasha, and his family were applied for bankruptcy and liquidation by Fu Ying Limited. Fuying Company borrowed 54.5 million yuan to Ye Junheng's family in October 2020 for a period of one year. It is worth noting that in March this year, Bonjour sold its wholly-owned subsidiary Apex Centric for HK$900 million and used the proceeds to invest in the fund. In July, Bonjour Hefeng Long Limited (formerly known as Bonjour Cosmetics Wholesale Centre Limited) was also filed for liquidation twice a week, and the Hong Kong High Court of China scheduled for a winding-up hearing on October 5.
U. S. law firm The Klein Law Firm issued an official statement saying it had filed a class-action lawsuit against MINISO on behalf of shareholders of MINISO Group Holdings Inc., alleging that MINISO had violated federal securities laws. The law firm alleges that the number of MINISO stores owned and controlled by MINISO and other undisclosed related parties is much higher than that stated in the IPO's registration statement and related prospectus, and did not truthfully disclose the business model and conceal the true cost.
Nesheng Technology (Guangzhou) Co., Ltd. was successfully listed on the New Third Board, and the trading method was collective auction transaction, and the level to which it belonged was the basic layer. The company is a new retail operator mainly for daily necessities and cosmetics brands. According to the data, the company's revenue in 2020 and 2021 was 222 million yuan and 284 million yuan, and the net profit attributable to the mother was 10.4757 million yuan and 13.8512 million yuan, respectively, and although the weighted average return on net assets in the past two years exceeded 8%, the net profit did not reach 15 million yuan, so it temporarily did not meet the financial standards listed on the Beijing Stock Exchange.
On September 15, Secoo announced that it has reached a strategic cooperation of up to 1.3 billion yuan with Aladdin Legend Technology Group Co., Ltd., including Aladdin Technology Group to invest up to 100 million yuan to establish the "Secoo China Club" high-end consumer circle, and Latin Technology Group subscribes to Secoo listed shares and makes a strategic investment of up to 200 million yuan.
MINISO announced its annual results for the fiscal year ended June 30, 2022. In fiscal 2022, the revenue of MINISO Premium Products was 10.086 billion yuan, an increase of 11.2% year-on-year; The net profit for the year was 638 million yuan, compared with a loss of 1.415 billion yuan in the same period last year; the GMV of products sold online by MINISO Premium stores totaled about 18.40 billion yuan. The TOP TOY brand reached 600 million yuan in multi-channel GMV in the same financial year.
Authoritative release
On September 13, the State Food and Drug Administration issued an announcement on the "Determination of 8 Components of Cosmetics such as New Conazole" cosmetics supplementary inspection methods, which stipulates the determination methods of new conazole, benznidazole, chlorometronidazole, ornidazole, tinidazole, isopropronidazole, loronidazole and hydroxymetronidazole in cosmetics. It is suitable for the determination of 8 components such as new conazole in cosmetics for creams, lotions and aqueous skins.
According to the official website of the State Food and Drug Administration, a cosmetic raw material named "polylactic acid" has completed the filing (the original word of the national cosmetics 20220028), which can be used as a film forming agent, scrubber, emulsification stabilizer and emulsifier. The recorder of "polylactic acid" Chinese LX HAUSYS Co., Ltd., located in South Korea.
According to the official website of the State Food and Drug Administration, a cosmetic raw material named "polylactic acid" has completed the filing (the original word of the national cosmetics 20220028), which can be used as a film forming agent, scrubber, emulsification stabilizer and emulsifier. The recorder of "polylactic acid" Chinese LX HAUSYS Co., Ltd., located in South Korea.
Brands and industries
On the evening of August 19, Shanghai Jahwa (600315) disclosed its 2022 semi-annual financial report. The report shows that in the first half of the year, the company achieved operating income of 3.715 billion yuan, an increase of -11.76% year-on-year. Net profit was 158 million yuan, an increase of -44.84% year-on-year.
On August 28, Yunnan Bethani Biotechnology Group Co., Ltd. released its 2022 semi-annual report.
During the reporting period, the company's operating income was 2.050 billion yuan, an increase of 45.19% year-on-year; Net profit was 395 million yuan, an increase of 49.06% year-on-year; Gross margin of sales was 76.9%, a slight increase over last year.
On the evening of August 26, Wakaba Chen (003010. SZ) released its 2022 mid-year performance report. In the first half of the year, the company achieved operating income of 535 million yuan, net profit attributable to shareholders of listed companies of 9.115 million yuan, and net cash flow of 115 million yuan in a challenging macro market environment, an increase of 251.64% year-on-year.
On August 25, Polaris Cosmetics Co., Ltd. disclosed its 2022 interim report. The report shows that in the first half of 2022, Polaria's revenue was 2.626 billion yuan, an increase of 31.33% year-on-year; Net profit attributable to shareholders of listed companies was 297 million yuan, an increase of 31.33% year-on-year.
On the evening of August 26, Lily&Beauty (605136. SH) disclosed its 2022 semi-annual report. From January to June 2022, Beauty Beauty achieved revenue of 1.557 billion yuan and net profit attributable to the mother of 6.108 million yuan.
On the evening of August 29, Bloomage disclosed the 2022 semi-annual report, and the company achieved operating income of 2.935 billion yuan in the first half of the year, an increase of 51.58% year-on-year; Net profit was 473 million yuan, an increase of 31.25% year-on-year; Consolidated gross margin was 77.43%.
For the growth of revenue, the report said that the sales revenue of functional skin care products increased by 77.17% year-on-year, and the raw material business increased steadily by 10.97% year-on-year.
C Ca: Only half a year after going online, Tiktok's cumulative GMV exceeded 100 million. Since the launch of the small can film, the omni-channel hot sales of 20 million cans, has dominated the Tmall smear mask category for three consecutive months.
In the first half of 2022, Olaplex's net sales were US$397 million, up 46.9% year-on-year. Net profit was US$150 million (about 1.009 billion yuan), an increase of 57.7% year-on-year; Adjusted net profit was US$190 million (1.282 billion yuan), up 46.5% year-on-year.
Pien Tze Huang announced that in the first half of the year, it achieved operating income of 4.422 billion yuan, an increase of 14.91% year-on-year; Net profit was 1.314 billion yuan, an increase of 17.85% year-on-year.
Xie Fuchun recently released the 2022 semi-annual report, during the reporting period, the company achieved operating income of 9,549,127.20 yuan, a year-on-year decrease of 54.51%; Net profit attributable to shareholders of the listed company was -6,336,526.26 yuan, an increase in year-on-year losses.
On the evening of August 29, Lafang Jahua released its 2022 semi-annual report. According to the data, in the first half of 2022, Lafang Jiahua's operating income was 397 million yuan, down 21.46% year-on-year, and the net profit attributable to the mother was 45.59 million yuan, down 13.47% year-on-year.
On the evening of August 25, Yixian E-commerce announced its unaudited financial results for the second quarter ended June 30, 2022. During the reporting period, the company achieved operating income of 952 million yuan, down 37.6% year-on-year, but within the 37%-47% decline range of performance guidance. The decline was primarily due to a 50.5% decrease in net revenue from makeup brands, partially offset by a increase in net revenue from skincare brands. The company's gross profit decreased 40.3% from 1 billion yuan in the same period last year to 598 million yuan. Gross margin decreased to 62.9% from 65.7% in the same period last year.
Recently, the outlet ingredient in the field of anti-aging, the raw material of psoralenol (bakuchiol), has passed the record. According to the filing of cosmetics raw materials of the State Drug Administration, the filing number of the raw materials is the original character 20220027 of the national cosmetics, and the recorder is Sytheon Corporation.
Recently, Kose announced the 2022 interim financial data. As a major cosmetics manufacturer in Japan, Takashi recorded sales of 130.6 billion yen (about 6.608 billion yuan) in the first half of the year, an increase of 4.4% year-on-year. Operating profit was JPY 7.2 billion (approximately RMB364 million), up 81.5% year-on-year. Specifically, sales of the cosmetics division during the reporting period were 105.5 billion yen (about 5.338 billion yuan), an increase of 6.5% year-on-year. Operating profit was JPY 9.9 billion (approximately RMB501 million), up 51.1% year-on-year.
In addition, the overall sales of its high-end brand Deco reached 42.2 billion yen (about 2.135 billion yuan), and the momentum of development in Japan is good, but sales in China are not ideal, with sales in Europe, America and Asia reaching 29.4 billion yen (about 1.487 billion yuan).
Recently, the General Administration of Customs released the national import and export customs data in August, from January to August this year, the total value of China's imports and exports was 27.3 trillion yuan, an increase of 10.1% over the same period last year. Among them, exports were 15.48 trillion yuan, an increase of 14.2%, and imports were 11.82 trillion yuan, an increase of 5.2%; The trade surplus was 3.66 trillion yuan, expanding by 58.2%.
In August, the total value of China's imports and exports was 3.71 trillion yuan, an increase of 8.6%. Among them, exports were 2.21 trillion yuan, an increase of 11.8%; Imports of 1.59 trillion yuan, an increase of 4.6%; The trade surplus was 535.91 billion yuan, an increase of 40.4%.
Among them, beauty cosmetics and toiletries imported 41,055.1 tons in August, which was basically the same as the same period last year, a slight decline of 0.03% year-on-year; The import amount was 12.82 billion yuan, down 6.42% year-on-year.
On September 5, a penalty decision issued by the Zhengzhou Municipal Market Supervision and Administration Bureau showed that the Tik tok anchor "Shaomi Panpan Yanxuan (founder of lvz)" was fined 96569.87 yuan for using words involved illegal publicity when introducing "lvz377vc whitening freckle set box" in the live broadcast room.
According to the financial data of Voolga in 2022, in the first half of the year,Voolga achieved revenue of 817 million yuan, a slight increase of 2.94% year-on-year; Net profit attributable to the mother was 357 million yuan, an increase of 1.57% year-on-year.
On September 8, the Listing Committee of the Growth Enterprise Market of the Shenzhen Stock Exchange issued an announcement that Voolga’s initial offering met the issuance conditions, listing and information disclosure requirements. According to the prospectus, the total investment of Voolga in the proposed investment project is 1.898 billion yuan, the proposed investment is 1.897 billion yuan, and the public offering of shares does not exceed 40.08 million shares.
On August 31, Meitu announced its 2022 interim results. In the first half of the year, Meitu's total revenue was 971 million yuan, an increase of 20.49% year-on-year; The loss during the period was 282 million yuan, an increase of 104.54% year-on-year.
On August 30, Langqi announced its 2022 interim financial report. In the first half of the year, Langqi recorded revenue of 1.313 billion yuan, up 3.78% year-on-year; Net profit loss attributable to the mother was 0.34 billion yuan, narrowing by 48.62% year-on-year; The non-net profit loss attributable to the parent was 0.33 billion yuan, narrowing by 50.08% year-on-year; Total assets were RMB2.366 billion, down 12.62% year-on-year.
On August 30, Qingsong Co., Ltd. announced its 2022 interim financial report. In the first half of the year, Qingsong achieved revenue of 1.416 billion yuan, down 25.89% year-on-year; Net profit loss attributable to the mother was 159 million yuan, a sharp decline of 187.76% year-on-year; The non-net profit loss attributable to the mother was 162 million yuan, down 191.12% year-on-year.
On August 30, Lichen Industrial announced its 2022 interim results. In the first half of the year, Lichen Industrial recorded an operating income of 1.323 billion yuan, an increase of 9.59% year-on-year; Net profit attributable to the mother was 50.5578 million yuan, down 46.78% year-on-year; The non-net profit attributable to the mother was 44.1235 million yuan, down 52.06% year-on-year.
Covestro Germany GmbH has completed the filing of two new raw materials "Polyurethane-48" and "Polyurethane-34", with the filing numbers "National Makeup Original Character 20220024" and "National Makeup Original Character 20220025". Now they have entered the monitoring period, and it is reported that the raw material-related ingredients can be applied to cosmetic film-forming agents.
On August 18, 2022, ADEKA Co., Ltd. completed the filing of a new raw material for "cyclohexylglycerin", and the name of the domestic responsible person is Adico (China) Investment Co., Ltd. Now entering the monitoring period, the raw material is a chemical raw material, which is generally used for skin moisturizing or antiseptic directions.
A few days ago, according to CCTV financial news, the largest shareholder of ABLE C&C Co., Ltd., the parent company of the Korean cosmetics brand Enigma, will be listed to sell its shares.
On September 20, Guangdong Bawei Biotechnology Co., Ltd. (hereinafter referred to as Bawei) announced that it will lower some performance evaluation indicators of the 2021 restricted stock incentive plan.
According to the announcement, in the second lifting of the restriction period, Bawei changed the original target of 50% increase in operating income and 40% increase in net profit in 2022 to 40% increase in operating income and 30% increase in annual net profit in 2022.
Recently, Dow (Zhangjiagang) Investment Co., Ltd. completed the filing of the new raw material "bis-diisopropanolamine-PG-propyl dimethicone/bis-isobutyl PEG-14 copolymer", and the raw material has entered the monitoring period, which is also the third new raw material filing completed this year. The range of applications is shampoo, conditioner, hair coloring products, hair mask. In terms of safe dosage, there is no limit requirement based on safe use, and the company's recommended dosage is 0.1-6% by weight.
According to the data of Auto Ou International Consulting, in the past year (September 2021 to August 2022), the retail sales of soap in online channels fell by 12.89% year-on-year to 1.855 billion yuan, with retail sales of more than 100 million pieces and an average transaction price of 18.4 yuan.
On September 28, Shiseido announced on its official website that it will acquire British microecological skin care brand Gallinée, and the details of the transaction have not been disclosed.
E-commerce platform
JD.com recently released its financial report for the second quarter of 2022 as of June 30. According to the financial report, the company's revenue in the second quarter was 267.6 billion yuan, an increase of 5.4% year-on-year; Net income attributable to common shareholders was $4.4 billion ($700 million), compared to $800 million in the year-ago quarter. Based on non-GAAP, net income attributable to common shareholders was $6.5 billion ($1 billion), compared to $4.6 billion in the year-ago quarter.
On August 23, Kuaishou announced the second quarter of 2022: revenue of 21.7 billion yuan, an increase of 13.4% year-on-year; Net loss was 3.18 billion yuan, narrowing by 54.9% year-on-year.
Specifically: in the second quarter, online marketing services were Kuaishou's largest source of revenue, up 156.2% year-on-year to 10 billion yuan, accounting for 52.1% of total revenue; Live streaming revenue increased 19.1% year-on-year to $8.6 billion, while other services revenue increased 7.1% year-on-year to $2.1 billion. Total e-commerce transactions (GMV) increased by 31.5% year-on-year to RMB191.2 billion.
It is worth noting that Kuaishou's domestic business achieved profitability in a single quarter, with an operating profit of more than 93 million yuan, but it still lost money overseas, and the operating loss was relatively narrowed to 1.606 billion yuan.
Vipshop announces unaudited financial results for the second quarter of 2022. According to the financial report, Vipshop's net revenue in the second quarter was 24.5 billion yuan, compared with 29.6 billion yuan in the same period last year; Non-GAAP net profit of 1.6 billion yuan, an increase of 8.4% year-on-year; Commodity trading totaled $40.6 billion, compared to $48.1 billion in the same period last year.
A few days ago, Pinduoduo announced the second quarter of 2022 financial report. Data show that the second quarter revenue of 31.44 billion yuan, an increase of 36.4% year-on-year. Net profit attributable to ordinary shareholders was RMB8,896 million, up 268% year-on-year. Among them, the revenue from marketing services was 25.17 billion yuan, an increase of 39% year-on-year; Revenue from trading services was RMB6.22 billion, up 107% year-on-year; Revenue from merchandise sales fell 97% to $50.7 million.
On August 23, Kuaishou e-commerce released an announcement on the adjustment of the distribution rules of beauty categories. According to the announcement, the Kuaishou fast distribution platform is now adjusting the access rules for the "beauty" category and simultaneously revising the "Kuaishou fast distribution platform management specification". This announcement was issued on August 23, 2022 and is effective on August 31, 2022.
Recently, Tik tok e-commerce issued a notice on the restriction of the "ordinary store merchant" brand. It was emphasized that the platform has required brand qualifications for some specific brands operated by ordinary stores (individual industrial and commercial households and ordinary enterprise stores) from August 25. It is recommended that the merchant communicate with the brand party as soon as possible to obtain the corresponding brand authorization.
Taobao's recent policy: From September 1, Taobao merchants will not be able to see consumers' mobile phone numbers. Taobao has launched a new virtual number solution that will completely cut off the mobile phone connection between merchants and consumers.
Previously, it was reported that ByteDance's independent e-commerce app "Douyin Box" was about to suspend operations, has suspended investment, and employees have begun to transfer. Recently, ByteDance officials responded to the surging news and interface news that the news was untrue and did not suspend operations.
On September 20, there was news that Kuaishou will soon launch the mall channel, the mall page is similar to Taobao and Jingdong, users can enter through search or the first-level entrance of the home page of the Kuaishou APP. At present, Kuaishou Mall is attracting investment. During this year's Double 11 period, Kuaishou will strive to promote a new business operation matrix of short videos, live broadcast rooms, stores and shopping malls.
International conglomerate
The Coty Group has announced financial data for the fourth quarter and full year ended June 30, 2022 for the fourth quarter and 2022.
In the fourth fiscal quarter ended June 30, Coty Group's sales surged 16% year-on-year to US$1,168 million, operating losses of US$77.4 million (approximately RMB531 million) and adjusted EBITDA of US$132.4 million (approximately RMB908 million).
In fiscal 2022, Coty Group's sales also soared 16% to US$5,304 million (RMB36,395 million) and net profit soared more than 100% to US$61.2 million. Among them, the Volkswagen beauty division increased by 7% to US$2.036 billion (about 13.970 billion yuan).
Recently, foreign media reported that the Estée Lauder Group is negotiating with luxury brand Balmain on the license to operate the beauty business. Last month, people familiar with the matter revealed that the Estée Lauder Group was in talks to buy luxury fashion brand Tom Ford, a deal that could be $3 billion or more. If the deal is successful, it would also be the makeup giant's biggest acquisition ever. After Tom Ford, if Estée Lauder takes Balmain's makeup license, her ambitions to continue to increase in luxury beauty are unmistakable.
On September 23, L'Oréal Group's official website announced that it will acquire American skincare brand Skinbetter Science, and the amount of the acquisition has not been disclosed. According to reports, after the completion of the acquisition, the brand will be integrated under the leadership of Christina Fair, president of L'Oréal's active health cosmetics division.
Amorepacific announced the sale of a 60% stake in its packaging manufacturing subsidiary, Pacific Package, to the Autajon Group, with Amorepacific retaining an additional 40% stake. Amorepacific said: "This transaction will enhance our partnership with Autajon Group and provide new growth momentum for our subsidiaries. ”
Tax exemption dynamics
On August 25, China Central Exemption landed on the Hong Kong Stock Exchange, opening down more than 2% and breaking the market, with an issue price of HK$158 per share.