Shanghai Chicmax Reports Strong Financial Growth in 2024

An announcement from Shanghai Chicmax Cosmetics Co., Ltd. Class H ( (HK:2145) ) is now available.

Shanghai Chicmax Cosmetics Co., Ltd. reported significant financial growth for the year ending December 31, 2024, with a 62.1% increase in revenue and a 74% rise in profit compared to the previous year. The company’s strategic focus on its multi-brand approach, particularly with its KANS brand, has strengthened its market position, with KANS achieving notable success in online sales and product innovation, contributing to the company’s robust performance.

More about Shanghai Chicmax Cosmetics Co., Ltd. Class H

Shanghai Chicmax Cosmetics Co., Ltd. is a multi-brand cosmetics company based in China, specializing in the research, development, manufacturing, and sales of skincare, maternity and childcare, washing and personal care, and makeup products. With over 20 years of operational history, the company is a leader in China’s cosmetics industry, known for its multi-brand strategy and popular cosmetic brands, including KANS, which focuses on anti-aging skincare for Asian females.

YTD Price Performance: 33.72%

Average Trading Volume: 1,358,774

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$19.45B

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