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CBE SHANGHAI
MAY 22-24, 2024

2022 Beauty Insights – 4th Edition

According to National Bureau of Statistics, the cumulative retail sales of cosmetics in the first three quarters of 2022
decreased by 2.7% year-on-year. Since March this year, the epidemic has spread in many places, which has hindered the supply chain and logistics, and both online and offline channels have been greatly affected. Among them, the total retail sales of cosmetics from July to September were 25.3 billion, 28.79 billion and 31.74 billion RMB respectively, and the growth rates of August and September showed a decline of -6.40% and -3.10% respectively.

On November 2, Estee Lauder Group announced their first quarter fiscal 2023 (July-September 2022) results.  Estee Lauder Group’s net sales were US$3.93 billion (approximately 28.693 billion yuan), a year-on-year decrease of 11%; operating profit was US $661 million (approximately 4.826 billion yuan), a year-on-year decrease of 29%.

Shanghai Jahwa disclosed in the first three quarters of this year, Shanghai Jahwa achieved aevenue of 5.35 billion yuan and a net profit of 313 million yuan. In the third quarter, the company’s revenue was 1.639 billion yuan, a year-on-year increase of 1.17%; net profit was 156 million yuan, a year-on-year increase of 15.55%. Among them, research and development expenses increased by 46% year-on-year, and the overall sales revenue of offline channels increased by more than 7% year-on-year, achieving higher growth than the overall offline market.

Winona’s parent company, Bethany Group, released its financial results for the third quarter of 2022.  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 the listed company was 122 million yuan, a year-on-year increase of 35.49%. In the first three quarters, Bethany achieved revenue of 2.895 billion yuan, an increase of about 37.05% over the same period last year;
net profit of 517 million yuan, an increase of 45.62% over the same period last year; research and development expenses of 126 million yuan, an increase of 84.66% over the same period last year.

Proya’s first three quarters in 2022 shows that operating income of 3.962 billion yuan, a year-on-year increase of 31.53%; net profit was 495 million yuan, a year-on-year increase of 35.96%. This means that since its listing in 2017, Proya’s performance in the first three quarters has successfully achieved six consecutive increases. In the third quarter, Proya’s operating income was 1.336 billion yuan, a year-on-year increase of 22.07%, and its net profit was 198 million yuan, a year-on-year increase of 43.55%.

Lushang Development, the parent company of Freda, disclosed that 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 the listed company was about 154 million yuan, a year-on-year decrease of 69.44%. Among them, the operating income of the cosmetics segment 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 was 58.56%.

Bloomage Biotechnology Co., Ltd. released its financial report for the first three quarters of 2022.  Bloomage Bio achieved revenue of 4.32 billion yuan, a year-on-year increase of 43.43%, which is the first time that its revenue exceeded the 4 billion mark; net profit was 677 million yuan, a year-on-year increase of 21.99%. Among them, the revenue in the third quarter was 1.385 billion yuan, a year-on-year increase of 28.76%; the net profit was 204 million yuan, a year-on-year increase of 4.86%. Combined with the performance of the past five years, Bloomage Bio’s revenue and net profit this year have reached another record high.

Unilever announced its financial results for the first third quarter of 2022. Unilever’s turnover was 45.6 billion euros
(about 330.84 billion yuan), a year-on-year increase of 16.1%. In the third quarter, Unilever’s turnover was 15.8 billion euros (about 114.63 billion yuan), a year-on-year increase of 17.8%. Among them, the turnover of beauty and
health business in the first three quarters was 9 billion euros (about 65.29 billion yuan); the turnover of personal care business was 10.1 billion euros (about 73.27 billion yuan).

Beiersdorf financial report shows that in the first nine months of 2022, the group’s sales reached 6.7 billion euros
(about 48.6 billion yuan), an organic growth of 11.1%. Among them, the sales of personal care consumer products reached 5.4 billion euros (about 39.17 billion yuan), an organic increase of 11.7%, and the core brand Nivea organically
increased by 10.8% year-on-year, achieving a comprehensive increase in market share in all regions and categories for the first time.

L’Occitane Group announced for the first half of the 2023 fiscal year (April-September 2022), company’s net sales
reached 901 million euros (about 6.53 billion yuan), a year-on-year increase of 24.2%. L’Occitane said that all major brands under the group achieved growth, among which Sol de Janeiro, the body care brand, ELEMIS and L’Occitane, theskin care brand, contributed the most to the overall growth.