Retail channels
On October 7, A.S. Watson announced a collaboration with L'Oréal ModiFace to develop an AI-powered skin analysis tool for Asian skin needs: Skinfie Lab. According to reports, Skinfie Lab is jointly developed by Watsons and L'Oreal technology application company ModiFace, which uses artificial intelligence to analyze customers' skin and develop appropriate skin care programs for them.
Recently, Sephora announced the details of its plans to return to the UK market, and in the first phase, the Feelunique.com will be changed to sephora.co.uk on October 17. In the second phase, Sephora's physical store will open in London, UK in March 2023, the location of the store has not yet been disclosed.
On October 17, Sa Sa International Holdings Limited released sales data for the second quarter from July 1 to September 30, 2022. According to the data, the turnover of Sa Sa International's retail and wholesale business was HK$750 million (approximately RMB688 million), down 1.1% year-on-year, a decrease of 62.1% compared with the same period in the 2018/19 financial year before the pandemic.
On October 10, some stores of beauty retailer Sephora will reopen in Russia under the name Ile de Beauté. In a message on its website, Ile de Beauté thanked customers, promising a rich selection of international brands and stating that previously purchased gift cards are still valid. It is reported that Ile de Beauté is a local chain store acquired by Sephora in 2016 and began to rebrand in 2018.
Bubble Mart disclosed the third quarter operating data, the overall revenue in the third quarter of 2022 fell by 5%-10% year-on-year, of which Chinese mainland revenue fell by 10%-15% year-on-year, and China's Hong Kong, Macao, Taiwan and overseas revenue increased by 115%-120% year-on-year. In the third quarter Chinese mainland retail store revenue fell 0%-5% year-on-year, and the revenue of e-commerce platforms and other online platforms fell 10%-15% year-on-year.
Yonghui Supermarket released the third quarterly report of 2022, with operating income of 70.907 billion yuan in the first three quarters, a year-on-year increase of 1.53%; The comprehensive gross profit margin reached 19.94%, a year-on-year increase of 1.19%; The net loss attributable to the parent was 887 million yuan, a year-on-year loss reduction of 59.29%.
Authoritative publishing
On October 27, the official website of the State Food and Drug Administration released the "Drug Administration Policy Quick Look (Issue 50)", which provides a clearer interpretation of the specific details of cosmetics Chinese labels.
The NMPA emphasizes: "Where registered trademarks in product Chinese names use letters, Hanyu Pinyin, numbers, symbols, etc., their meaning shall be explained in the same visible face." At the same time, the Measures require that, except for registered trademarks, the font size of other text fonts on the same viewable surface of Chinese labels shall be less than or equal to the font size of the corresponding standardized Chinese character font. ”
Brands and industries
On October 9, the information disclosed by the Hong Kong Stock Exchange showed that Juzi Biotech passed the listing hearing and disclosed the post-hearing prospectus. Compared with the previous prospectus, Juzi Biotech supplemented the financial data and other information as of May 31, 2022.
On October 12, the Listing Committee of the Beijing Stock Exchange released the results of its deliberation, and Shenzhen Baixinglong Creative Packaging Co., Ltd. met the issuance conditions, listing conditions and information disclosure requirements.
On October 5, the Hong Kong Stock Exchange disclosed that it was easy to update the IPO filing materials of Shanghai Mei Group. In this updated declaration information, Shanghai Mei Group supplemented the disclosure of the latest performance report. According to the prospectus, from 2019 to 2021, the operating performance of Shanghai Beauty Group achieved steady growth, with revenue increasing from RMB2.87 billion in 2019 to RMB3.38 billion in 2020 and RMB3.62 billion in 2021, and adjusted profit from RMB110 million in 2019 to RMB260 million in 2020 and RMB390 million in 2021.
According to incomplete statistics, up to now, beauty agency operator Ruo Yuchen has invested in 3 emerging brands in less than half a year.
At the beginning of June 2022, Ruo Yuchen invested in the technology skin care brand "OUNGMAY Sample Beauty"; During September 2022, Ruo Yuchen invested in the stay up late maintenance brand "Xie You"; During October 2022, Ruo Yuchen once again invested in the beauty brand and invested in the synthetic collagen skin care brand "Suhua".
On October 17, Proya released its main operating data forecast for the first three quarters of 2022. According to preliminary calculations, from January to September 2022, Peraya's revenue increased by more than 28% year-on-year, and its net profit increased by more than 30% year-on-year.
A few days ago, the Supervisory Commission of the New York Stock Exchange rejected Revlon's appeal and asked Revlon to delist Class A common stock, which has now suspended trading in the group's shares. By the time of the suspension, Revlon's stock price had plunged 5.34% to $3.90, with a market capitalization of about $200 million.
On October 17, Brazilian beauty giant Natura said it had begun studying plans for an initial public offering or spin-off of the Aesop brand in the United States to raise funds for a new expansion. However, Natura said that whether it is an initial public offering or a spin-off, Aesop will continue to be led by current CEO Michael O'Keeffe.
In the second quarter ended June 30, Natura recorded a year-over-year decline of 8.6 percent to $1.6 billion and a net loss of $146 million.
On October 25, Shanghai Jahwa United Co., Ltd. (Shanghai Jahwa, 600315.SH) released its results for the period from January to September 2022.
According to the financial report, the company's operating income in the first nine months was 5.354 billion yuan, the net profit was 313 million yuan, and the non-net profit was 368 million yuan. In the third quarter, the company achieved operating income of 1.639 billion yuan, a year-on-year increase of 1.17%; The net profit was 156 million yuan, a year-on-year increase of 15.55%; Non-net profit was 168 million yuan, a year-on-year increase of 17.91%.
During the third quarter reporting period, excluding the impact of exchange rate factors, the overall revenue increased by 3.5%, of which domestic business increased by 4% and overseas business increased by 2%, and began to overcome the impact of the epidemic and gradually resume growth.
On October 25, Yunnan Betteni Biotechnology Group Co., Ltd. (hereinafter referred to as Betteni) released its financial report for the third quarter of 2022.
According to the financial report, the company's revenue in the third quarter was about 846 million yuan, a year-on-year increase of 20.65%; The net profit attributable to shareholders of listed companies was 122 million yuan, a year-on-year increase of 35.49%, and the growth rate of both slowed down compared with the same period last year.
In Bethany's third quarter report, revenue data for the first three quarters of this year was also announced. In the first three quarters, Betteni achieved operating income of 2.895 billion yuan, an increase of 780 million yuan over the same period last year, an increase of about 37.05%; The net profit was 517 million yuan, a year-on-year increase of 45.62%.
On the evening of October 27, Lushang Development, the parent company of Freda, disclosed the third quarter report of 2022. According to the report, in the first three quarters of this year, the company achieved an operating profit of about 8.529 billion yuan, a year-on-year increase of 34.33%; The net profit attributable to shareholders of listed companies was about 154 million yuan, a year-on-year decrease of 69.44%.
It is worth noting that its cosmetics business has achieved climbing growth. According to the financial report, in the first three quarters, the operating income of the cosmetics sector was 1.429 billion yuan, an increase of 436 million yuan, or about 44%, compared with 993 million yuan in the same period last year, and the gross profit margin achieved 58.56%.
Among them, the core brand of the cosmetics business, Dr. Yaoer, achieved sales revenue of 745 million yuan. If the growth rate of the comprehensive brand in the past is judged, Dr. Yaoer is expected to be successfully promoted to a billion-level brand this year.
On October 28, Lily & Beauty (605136. SH) disclosed its third quarter 2022 report. According to the report, the company achieved operating income of 541 million yuan in the third quarter and 2.098 billion yuan in the first three quarters.
French luxury group Hermès said on Thursday it had strong third-quarter results, with sales up 32.5 percent and 24 percent in constant currency terms. In the three months to the end of September, the company's sales reached 3.136 billion euros (about 22.4 billion yuan), and the ready-to-wear, accessories, watches and beauty business lines recorded significant growth in the third quarter.
It is worth mentioning that in the third quarter, Hermès perfume and beauty recorded a 9.2% increase to 113 million euros (about 800 million yuan). In the first nine months of this year, perfume and cosmetics increased by 19.3% to 344 million euros (about 2.436 billion yuan).
On October 24, the General Administration of Customs released the national import and export customs data for September. In the first three quarters of this year, China's total import and export value was 31.11 trillion yuan, an increase of 9.9% over the same period last year. Among them, exports were 17.67 trillion yuan, a year-on-year increase of 13.8%; Imports were 13.44 trillion yuan, a year-on-year increase of 5.2%.
In September, China's total import and export value was 3.81 trillion yuan, an increase of 8.3% compared with the same period last year. Among them, exports were 2.19 trillion yuan, a year-on-year increase of 10.7%; Imports were 1.62 trillion yuan, a year-on-year increase of 5.2%.
In September, imports of cosmetics and toiletries were 37,160.1 tons, down 20.97% year-on-year; The import value was 13.82 billion yuan, down 14.32% year-on-year. From January to September, the cumulative import was 318,639.0 tons, down 9.2% year-on-year; The import value was 111.06 billion yuan, down 6.0% year-on-year.
On October 24, the National Bureau of Statistics released the total retail sales of consumer goods in September 2022.
Data show that the total retail sales of consumer goods in September were 3.7745 billion yuan, a year-on-year increase of 2.5%. From January to September this year, the total retail sales of consumer goods was 320305 billion yuan, a year-on-year increase of 0.7%, and the growth rate was 0.2 percentage points faster than that of January to August.
Quarter-by-quarter, the third quarter increased by 3.5%, the second quarter decreased by 4.6%, the first quarter increased by 3.3%, and the third quarter accelerated the recovery compared with the second quarter. Among them, the retail sales of cosmetics in September were 31.7 billion yuan, and the total retail sales and growth rate of cosmetics in September increased from the previous month, but still fell by 3.1% compared with the same period last year. After a rare increase in June and July, the growth rate of sales in the cosmetics market fell in September.
On October 26, Dettol's parent company Betkit Benckiser announced its financial data for the third quarter of 2022. According to the financial report, Reckitt Benckiser's net income in the first three quarters was 10.623 billion pounds, a year-on-year increase of 7.6%, of which the net income in the third quarter was 3.735 billion pounds, a year-on-year increase of 14%.
On the evening of October 26, Yu Meijing official MicroBlog issued a statement: Our company is concerned about the information on the Internet about a batch of products "marked as Yu Meijing Children's Cream" that does not meet the regulations.
According to the statement, the batch number of the 23 batches of cosmetics involved in "labeled as Yumeijing children's cream products" is BFJCAACGA, and the limited use date is 20250918, and the batch number of the above products is not the batch number and sequence specification of Yumeijing's products. After Yu Meijing's emergency and drug regulatory department's appraisal and review, it was determined that the sample was counterfeit.
Recently, perfume manufacturing distributor Inter Parfums released its third-quarter financial report, in the three months ended September 30, perfume manufacturing distributor Inter Parfums sales increased 7% year-on-year to $280 million, comparable sales soared 12%, mainly driven by the US market and the best-selling of Ferragamo's new fragrance.
Inter Parfums revealed in its financial report that the fragrance business of Ferragamo, Donna Karen and DKNY contributed 41% of the group's revenue, and the perfume sales of Montblanc, Jimmy Choo and Coach also recorded year-on-year growth of 11%, 32% and 3% respectively.
On the evening of October 25, Amec (300896) disclosed its third quarterly report, continuing the growth trend of revenue and net profit reported semi-annually, and the company achieved operating income of 605 million yuan in the third quarter, a year-on-year increase of 55.15%; The net profit was 401 million yuan, a year-on-year increase of 41.55%.
In the first three quarters of this year, Amec's operating income was 1.489 billion yuan, a year-on-year increase of 45.58%; The net profit was 992 million yuan, a year-on-year increase of about 40%.
On October 24, Zhangzhou Pian Tsai Pharmaceutical Co., Ltd. issued an explanatory announcement on the results of the first three quarters of 2022 after hours, saying that the net profit of the parent after deduction in the first three quarters of 2022 only increased by 2.77% year-on-year, which was affected by the abnormal base in the third quarter of 2021.
Previously, on October 21, Pian Tsai disclosed its financial report for the third quarter of 2022, with revenue of 2.193 billion yuan during the reporting period, a year-on-year decrease of 3.08%; The net profit attributable to the parent was 738 million yuan, a year-on-year decrease of 17.64%, and the last time it saw a double decline in revenue net profit was in 2014. The overall performance in the first three quarters was also poor, achieving revenue of 6.616 billion yuan and net profit attributable to the parent of 2.052 billion yuan, a year-on-year increase of 8.25% and 2.04%; The net profit after deduction was 2.062 billion US dollars, an increase of only 2.77%.
Recently, L'Oréal Group announced that its skincare brand TAKAMI will open an offline physical flagship store in China, after the brand launched its official Tmall flagship store in July.
Recently, according to the administrative penalty notice issued by the Shanghai Municipal Supervision Bureau, Zhu was found to be selling expired cosmetics twice within one year, which violated the provisions of Article 39 of the Regulations on the Supervision and Administration of Cosmetics and constituted the act of dealing in cosmetics beyond the expiration date. Due to the seriousness of the crime, Zhu was fined 4786.22 yuan and asked to be banned from engaging in cosmetics production and business activities for 10 years. This is the industry's first case in which a cosmetics store operator has been issued a 10-year ban fine.
E-commerce platforms
On October 12, Kuaishou e-commerce issued an announcement on the upgrade and control of cross-border beauty brand products by Kuaishou import e-commerce platform. According to the announcement, in order to optimize the business environment of Kuaishou's imported e-commerce platform, the platform optimizes the link management of goods of cross-border beauty control brands, and the anchor can choose products with confidence from Korean duty-free shops to domestic bonded warehouses, users can shop worry-free, and work together to create a long-term trust mechanism. This announcement was issued on October 12, 2022 and will take effect on October 20, 2022. Among them, the system verification has been added to the listing of goods.
A few days ago, Station B officially launched the shopping area in the live broadcast area, and the live broadcast room in the special area fully released the shopping "little yellow car" function, and the UP owner can add shopping links.
At present, the live broadcast room of bilibili supports adding and displaying Taobao, Jingdong, member purchase, personalized dressing, digital collections and other products, that is, in addition to the self-operated member purchase products of station B, other products are from third-party platforms such as Taobao and Jingdong.
From October 28, Kuaishou will open Taobao backlinks. Taobao product links will gradually support listing links to products and services in Kuaishou live shopping carts, short video shopping carts, business detail pages, etc. It was fully completed on October 31.
On the first day of this year's Double 11 pre-sale, Winona Special Cream, Clear Sunscreen, Soothing Freeze-dried Mask, and New Special Care Essence entered Li Jiaqi's live broadcast room, with sales exceeding 300,000, 300,000, 600,000 and 200,000 pieces respectively. At the same time, in the Tmall pre-sale list, Winona ranked 4th in the beauty industry list, 1st in domestic brands, and ranked 2nd in the beauty and skin care list, second only to L'Oreal.
On October 27, Yunnan Baiyao Group Co., Ltd. (hereinafter referred to as "Yunnan Baiyao") released its 2022 third quarter performance report. During the reporting period, Yunnan Baiyao achieved operating income of 8.899 billion yuan, a year-on-year decrease of 4.1%; the net profit attributable to shareholders of listed companies was 804 million yuan, a year-on-year increase of 23.97%; Non-net profit attributable to shareholders of listed companies was 1.05 billion yuan, a year-on-year increase of 0.41%. In the first three quarters, Yunnan Baiyao's net profit fell twice, achieving operating income of 26.916 billion yuan, a year-on-year decrease of 5.1%; The net profit attributable to shareholders of listed companies was 2.305 billion yuan, a year-on-year decrease of 5.94%. Basic earnings per share were 1.53 yuan, down 20.31% year-on-year.
On October 27, Proya Cosmetics Co., Ltd. (hereinafter referred to as "Proya") disclosed its operating data for the third quarter of 2022.
During the reporting period, Proya achieved operating income of 1.336 billion yuan, a year-on-year increase of 22.07%; the net profit attributable to shareholders of listed companies was 198 million yuan, a year-on-year increase of 43.55%; Non-net profit attributable to shareholders of listed companies was 196 million yuan, a year-on-year increase of 44.07%.
In the first nine months of this year, Proya achieved revenue of 3.962 billion yuan, a year-on-year increase of 31.53%; the net profit attributable to shareholders of listed companies was 495 million yuan, a year-on-year increase of 35.96%; Non-net profit attributable to shareholders of listed companies was 476 million yuan, a year-on-year increase of 33.84%. Basic earnings per share were 1.76 yuan, down 3.3% year-on-year. On the first day of this year's Double 11 pre-sale, Winona Special Cream, Clear Sunscreen, Soothing Freeze-dried Mask, and New Special Care Essence entered Li Jiaqi's live broadcast room, with sales exceeding 300,000, 300,000, 600,000 and 200,000 pieces respectively. At the same time, in the Tmall pre-sale list, Winona ranked 4th in the beauty industry list, 1st in domestic brands, and ranked 2nd in the beauty and skin care list, second only to L'Oreal.
On October 27, Yunnan Baiyao Group Co., Ltd. (hereinafter referred to as "Yunnan Baiyao") released its 2022 third quarter performance report. During the reporting period, Yunnan Baiyao achieved operating income of 8.899 billion yuan, a year-on-year decrease of 4.1%; the net profit attributable to shareholders of listed companies was 804 million yuan, a year-on-year increase of 23.97%; Non-net profit attributable to shareholders of listed companies was 1.05 billion yuan, a year-on-year increase of 0.41%. In the first three quarters, Yunnan Baiyao's net profit fell twice, achieving operating income of 26.916 billion yuan, a year-on-year decrease of 5.1%; The net profit attributable to shareholders of listed companies was 2.305 billion yuan, a year-on-year decrease of 5.94%. Basic earnings per share were 1.53 yuan, down 20.31% year-on-year.
On October 27, Proya Cosmetics Co., Ltd. (hereinafter referred to as "Proya") disclosed its operating data for the third quarter of 2022.
During the reporting period, Proya achieved operating income of 1.336 billion yuan, a year-on-year increase of 22.07%; the net profit attributable to shareholders of listed companies was 198 million yuan, a year-on-year increase of 43.55%; Non-net profit attributable to shareholders of listed companies was 196 million yuan, a year-on-year increase of 44.07%.
In the first nine months of this year, Proya achieved revenue of 3.962 billion yuan, a year-on-year increase of 31.53%; the net profit attributable to shareholders of listed companies was 495 million yuan, a year-on-year increase of 35.96%; Non-net profit attributable to shareholders of listed companies was 476 million yuan, a year-on-year increase of 33.84%. Basic earnings per share were 1.76 yuan, down 3.3% year-on-year.
International conglomerates
Recently, LVMH Group announced its financial results for the first three quarters, as of September 30, in the first three quarters of fiscal 2022, LVMH Group's organic revenue increased by 20% to 56.5 billion euros (about 393.2 billion yuan); Among them, organic revenue in the third quarter rose 19% year-on-year to 19.755 billion euros (about 137.4 billion yuan). Looking specifically at the beauty and perfume business, the results in the first three quarters rose 12% to 5.577 billion euros (about 38.8 billion yuan); the third quarter results rose only 10% to 1.959 billion euros (about 13.6 billion yuan), which was the slowest revenue growth sector in the third quarter.
On October 11, Swiss flavor and fragrance giant Givaudan announced its results for the first three quarters of 2022. In the first nine months, Givaudan's total sales were CHF 5.458 billion (about RMB 39.214 billion), an increase of 6.1% year-on-year and 7.7% in Swiss franc terms.
Recently, Johnson & Johnson announced its financial results for the third quarter of 2022. According to the financial report, Johnson & Johnson's revenue in the third quarter was 23.791 billion US dollars (about 171.861 billion yuan), a year-on-year increase of 1.9%, better than the market expectation of 23.44 billion US dollars (about 169.325 billion yuan); net profit was 4.458 billion US dollars (about 32.218 billion yuan), a year-on-year increase of 21.6%.
Among them, the consumer health business of beauty and personal care products was 3.795 billion US dollars (about 27.41 billion yuan) in the third quarter, a year-on-year decrease of 0.4%.
On the evening of October 19, Beijing time, Procter & Gamble announced its financial report for the first quarter of fiscal 2023 (July-September 2022). According to the report, during the period, P&G achieved sales of US$20.6 billion (about RMB148.9 billion), a year-on-year increase of 1%; The net profit attributable to the parent was US$3.94 billion (about RMB28.48 billion), down 4% year-on-year. Excluding the impact of foreign exchange, acquisitions and divestitures, organic sales increased 7%. Overall, price increases are a key factor driving P&G's organic sales growth. The earnings report pointed out that price increases drove 9%, product mix drove 1%, and the decline in shipments offset 3% of them.
On October 21, L'Oréal released its financial results for the third quarter ended September 30, 2022.
According to the financial report, sales in the third quarter soared more than 9% year-on-year to 9.575 billion euros, a 19.7% increase in constant exchange rate terms, and double-digit growth in most parts of the world, while China's North Asian market grew only 0.3% and 11.3% in constant exchange rates.
By segment, the best performers were the Active Cosmetics Division, with sales up 26% year-on-year, the Luxury Goods segment recording a 4.6% increase, and the Specialty Products & Consumer Cosmetics segment up 4.3% and 10%, respectively.
L'Occitane has announced its results for the past three months (Q2 2023) and six months (first half of FY2023) for the year ended 30 September 2022.
According to the financial report, L'Occitane Group's net sales in the second quarter of fiscal 2023 were 485 million euros (approximately 3.52 billion yuan), a year-on-year increase of 24.9% at the reported exchange rate.
L'Occitane Group generated net sales of EUR 900 million (approximately RMB 6.535 billion) in the first half of the 2023 financial year, up 24.2% year-on-year at the reported exchange rate.
On October 27, Beiersdorf released its results for the first nine months of 2022, showing that the group's overall sales from January to September increased to 6.7 billion euros (about 48.67 billion yuan), an increase of 11.1%. Among them, the sales of the consumer business segment increased to 5.4 billion euros (about 39.22 billion yuan), an increase of 11.7%; Sales of the Tesa Tapes business unit increased by 8.3% to EUR 1.3 billion (approximately RMB 9.44 billion).
Despite the challenging market environment, all the Group's Maisons grew organically, with NIVEA growing by 10.8%, La Prairie by 5.5%, Derma by 25.3% and Healthcare by 12.8%.
Tax-free dynamics
During the National Day holiday, Hainan took multiple measures to stimulate the vitality of duty-free consumption on outlying islands, and duty-free shops on outlying islands welcomed many shopping tourists. Statistics from the Department of Commerce of Hainan Province on October 3 showed that from September 30 to October 2, the sales of 10 duty-free shops on outlying islands in Hainan exceeded 630 million yuan in three days, and nearly 150,000 people entered the store.
China Exemption released a report for the third quarter of 2022, with revenue of 11.714 billion yuan in the third quarter, a year-on-year decrease of 16.17%; The net profit attributable to the parent was 690 million yuan, a year-on-year decrease of 77.96%.