Shangmei Shares (02145) rose nearly 5%. As of press release, it rose 4.87% to HK$49.5, with a turnover of HK$10.823 million.
The Zhitong Finance App learned that Shangmei shares (02145) rose nearly 5%. As of press release, it had risen 4.87% to HK$49.5, with a turnover of HK$10.823 million.
According to the news, Shangmei Co., Ltd. announced its 2023 annual results. The company's revenue for the full year of 2023 was 4.191 billion yuan, up 56.6% year on year; net profit to mother was 461 million yuan, up 213.5% year on year; revenue and profit all reached the upper limit of previous performance forecasts. In addition, Han Shu accounted for a year-on-year increase of 143.8% of the Group's revenue to 3.09 billion yuan, mainly due to the overall upgrade of the Han Shu brand and the increase in the revenue of the Hongmanwaist series on e-commerce platforms such as Douyin.
Minsheng Securities said that the company is a leader in multi-brand domestic cosmetics. The main brand, Han Shu, has established a strong brand mentality on Douyin. The Hongmanwaist series continues to expand, and model replication is expected to bring flexibility to brand growth; Ichiha and Red Elephant are expected to resume growth; empowered by the company's continuously improving R&D capabilities, deepening omni-channel layout, and strong marketing genes, it is optimistic about the company's long-term growth.