"The Growth Engine of China's High-End Cosmetics Market"

“Mao Geping is a leading Chinese high-end beauty group. The company was founded in 2000 by Mr. Mao Geping, an iconic figure in China's beauty industry, and has established a strong influence in the Chinese beauty sector.

According to Frost & Sullivan, Mao Geping is the only Chinese company among the top ten high-end beauty groups in the Chinese market, ranking seventh in 2023 by retail sales with a market share of 1.8%.

China's high-end beauty market grew at a compound annual growth rate (CAGR) of 7.8% from 2018 to 2023, reaching 194.2 billion yuan in 2023, and is expected to continue growing at a CAGR of 9.9%, reaching 311 billion yuan in 2028.

The market size of Chinese domestic beauty brands grew at a CAGR of 9.8% from 2018 to 2023, higher than the 5.9% CAGR of international brands during the same period.

As a leader in China's domestic high-end beauty brands, Mao Geping has experienced rapid growth throughout the track record period. The company's total revenue increased from 1.577 billion yuan in 2021 to 1.829 billion yuan in 2022 and further increased to 2.886 billion yuan in 2023, with a CAGR of 35.3% from 2021 to 2023. The company's total revenue also increased by 41.0% from 1.399 billion yuan in the six months ended June 30, 2023, to 1.972 billion yuan in the same period of 2024.

Furthermore, the company's net profit increased from 331 million yuan in 2021 to 352 million yuan in 2022 and further increased to 664 million yuan in 2023, with a CAGR of 41.6% from 2021 to 2023. The company's net profit also increased by 41.0% from 349 million yuan in the six months ended June 30, 2023, to 493 million yuan in the same period of 2024.”