Shanghai Chicmax Cosmetic (2145) H1 2025 earnings summary

Executive summary

• 1H2025 revenue rose 17.3% YoY to RMB4,108.0m; gross profit increased 15.8% to RMB3,102.4m and profit for the period rose to RMB555.6m from RMB412.4m.

• KANS generated 81.4% of revenue; newpage was the fastest-growing major brand, while One Leaf and Baby Elephant revenue declined.

• The Board proposed an interim dividend of RMB0.50 per share, subject to shareholder approval.

Financial highlights

• Revenue was RMB4,108.0m versus RMB3,502.4m in 1H2024; gross profit was RMB3,102.4m versus RMB2,679.9m.

• Profit before tax was RMB665.1m versus RMB468.5m; net income was RMB555.6m versus RMB412.4m, and parent-attributable profit was RMB524.2m versus RMB401.2m.

• Basic and diluted EPS rose to RMB1.32 from RMB1.01; income tax expense increased to RMB109.5m from RMB56.1m.

• Other income and gains rose to RMB179.5m from RMB39.2m, mainly from financial-asset investment gains and government grants.

Outlook and guidance

• The six-six strategy targets six business sectors and six competitive capabilities, including talent development, R&D leadership, AI-enabled management, marketing, intelligent production and partner-led growth.

• Priorities include anti-aging and skin-barrier research, wider online and offline distribution, AI-supported resource allocation, intelligent production and brand incubation; no quantified financial targets were stated.

• Plans include deepening KANS on Douyin and expanding on Tmall/Taobao, JD and Kuaishou, with a long-term ambition to build global brand reach.