We mainly (I) design, develop, manufacture and sell beauty products; and (ii) design, develop and sell cosmetic bags. According to the Frost Sullivan report, we ranked fifth in China's beauty products manufacturing market by income in 2016 (the total market share of China's top five companies was about 4% in 2016). During the record period of 2015 and 2016, most of our revenue came from overseas customers such as the United States, the United Arab Emirates, the United Kingdom, Germany, Canada, Sri Lanka and Fiji. The directors believe that with the successful operation of our beauty products manufacturing business in China for about 14 years, we have become a well-known manufacturer of beauty products.
Our beauty products (including cosmetics, toiletries and fragrances) are made in the form of OEM or ODM. We usually sell beauty products to overseas retailers and brand owners. Our OEM business manufactures and sells products in accordance with customer specifications and guidelines. ODM business relies on the capabilities of our design and R & D team, through designs in line with current market trends, so that customers can enjoy our "one-stop service" in the design, development and production of quality customized products.
In terms of cosmetic bag design, development and sales, we provide customers with market research and analysis, design and development and production management solutions. We maintain these lines of business to complement the main line of business in the manufacture of beauty products and to provide customers with a wide range of products and services.
We also sell beauty products and cosmetic bags under our own brands "Pink Viva", "Secret Lace" and "Gorgeous Girl Forever" to one of the top five customers, a world-renowned supermarket chain group that originated in the United States.
CEO： Congfa Chen
Listing Date： 10/27/2017