Global Cosmetics Companies'Performance Overview for the Third Quarter of 2024

2024-12-03

Specifically, the global leader in makeup manufacturing, Yuntingli, achieved a net sales revenue of €275 million (approximately RMB 2.119 billion) in the third quarter,

a year-on-year increase of 12%; the adjusted EBITDA was €39.2 million (approximately RMB 302 million), a year-on-year increase of 12.3%, accounting for 14.3% of net sales.

The globally renowned beauty manufacturing factory, Cosmax, also achieved growth in both performance and profit in the third quarter.

Its third-quarter sales increased by 15.6% compared to the same period last year, reaching 52.98 billion won (approximately RMB 2.7 billion), with operating profit at 4.34 billion won (approximately RMB 224 million), a year-on-year increase of 30.4%, and net profit soared by 90%.

Shifting focus to domestic companies, Qingsong Shares, which has a 99.60% share in the cosmetics business, saw a recovery in performance in the third quarter,

reversing the downward trend of the past two years. In the third quarter, Qingsong Shares achieved revenue of RMB 528 million,

a year-on-year increase of 2.20%; and achieved a net profit attributable to the parent company of RMB 25.064 million, a year-on-year surge of 1250.36%.

As one of the largest domestic cosmetics ODM enterprises in China, in addition to its strong facial mask category,

Nosbel is also strengthening the research and development and production of effective skincare, expanding from the facial mask category to cream, lotion,

essence, makeup removal, and hair care categories, forming a diversified product matrix for development.

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