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Shanghai Chicmax Cosmetics Co., Ltd. Class H
(2145)
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Rating:69Neutral
Price Target:
HK$31.00
▼(-22.46% Downside)
Action:Downgraded
Date:06/30/26
The score is driven primarily by strong financial performance (expanding margins, renewed revenue growth, and conservative current leverage) and supportive valuation (low P/E and high dividend yield). These positives are meaningfully offset by very weak technicals, with the stock in a strong downtrend and bearish momentum indicators despite oversold readings.
Positive Factors
Expanding profit margins
Sustained margin expansion over multiple years demonstrates pricing power and operating leverage in core products. Higher gross and net margins strengthen recurring earnings quality, support reinvestment and dividends, and create a buffer against input-cost shocks over the medium term.
Negative Factors
Weak cash conversion
Earnings are not fully converting to cash consistently, limiting internal funding for capex, inventory and dividends. Historical negative FCF and only partial cash coverage of profits increase reliance on external financing and raise vulnerability to working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding profit margins
Sustained margin expansion over multiple years demonstrates pricing power and operating leverage in core products. Higher gross and net margins strengthen recurring earnings quality, support reinvestment and dividends, and create a buffer against input-cost shocks over the medium term.
Read all positive factors
Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.65B
Dividend Yield2.53%
Average Volume (3M)662.88K
Price to Earnings (P/E)8.1
Beta (1Y)1.22
Revenue Growth35.28%
EPS Growth41.20%
CountryHK
Employees3,508
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)2.77
Shares Outstanding206,524,410
10 Day Avg. Volume806,967
30 Day Avg. Volume662,882
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)9.40
Price to Sales (P/S)2.84
P/FCF Ratio37.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$80.17Price Target Upside100.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.34
Revenue Forecast (FY)HK$10.91B
Shanghai Chicmax Cosmetics Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai Chicmax Cosmetic Co., Ltd. is a multifaceted beauty corporation based in China, specializing in the entire product lifecycle—from innovation and production to market distribution—for skincare, as well as maternity and infant care lines. T...
How the Company Makes Money
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Shanghai Chicmax Cosmetics Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.18B | 6.79B | 4.19B | 2.68B | 3.62B |
| Gross Profit | 7.00B | 5.11B | 2.99B | 1.70B | 2.36B |
| EBITDA | 1.21B | 752.09M | 676.04M | 268.88M | 404.70M |
| Net Income | 1.10B | 781.21M | 461.10M | 147.10M | 338.89M |
Balance Sheet | |||||
| Total Assets | 4.97B | 3.60B | 3.13B | 3.15B | 2.27B |
| Cash, Cash Equivalents and Short-Term Investments | 958.21M | 732.71M | 914.50M | 1.17B | 157.26M |
| Total Debt | 632.47M | 111.67M | 165.57M | 728.20M | 285.04M |
| Total Liabilities | 2.09B | 1.36B | 1.10B | 1.44B | 1.32B |
| Stockholders Equity | 2.77B | 2.19B | 2.01B | 1.71B | 949.98M |
Cash Flow | |||||
| Free Cash Flow | 690.54M | 304.38M | 657.69M | -23.51M | 269.46M |
| Operating Cash Flow | 1.21B | 546.95M | 746.16M | 36.56M | 335.19M |
| Investing Cash Flow | -448.86M | -187.03M | -457.49M | -66.78M | -55.29M |
| Financing Cash Flow | -404.82M | -595.67M | -737.21M | 1.03B | -289.56M |
Shanghai Chicmax Cosmetics Co., Ltd. Class H Technical Analysis
Negative
39.98
Price Trends
35.64
Negative
45.28
Negative
63.69
Negative
Market Momentum
-2.73
Negative
33.62
Neutral
25.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2145, the sentiment is Negative. The current price of 39.98 is above the 20-day moving average (MA) of 28.25, above the 50-day MA of 35.64, and below the 200-day MA of 63.69, indicating a bearish trend. The MACD of -2.73 indicates Negative momentum. The RSI at 33.62 is Neutral, neither overbought nor oversold. The STOCH value of 25.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2145.
Shanghai Chicmax Cosmetics Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$10.65B | 8.14 | 42.42% | 2.53% | 35.28% | 41.20% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | HK$26.86B | 8.97 | 11.74% | 5.36% | 1.76% | 10.34% | |
51 Neutral | HK$15.91B | -46.77 | -4.30% | 5.00% | -1.71% | 53.04% | |
49 Neutral | HK$125.33M | -5.33 | -15.15% | 12.61% | -7.18% | -277.57% | |
48 Neutral | HK$930.98M | 87.74 | -12.38% | ― | 52.36% | ― |
* Consumer Defensive Sector Average
HK:2145
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Shanghai Chicmax Cosmetics Co., Ltd. Class H Corporate Events
Shanghai Chicmax Announces Resignation of Executive Director Zhou Wei
Jun 30, 2026
Shanghai Chicmax Cosmetics Co., Ltd., a Hong Kong-listed PRC cosmetics manufacturer and marketer under stock code 2145, serves the Chinese beauty and personal care market with a board comprising executive, employee representative and independent n...
Shanghai Chicmax Clarifies Board Structure and Committee Roles
Jun 30, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has disclosed an updated list of its directors and clarified their roles and functions on the board. The structure includes executive directors, an employee representative director, and independent non-executive...
Shanghai Chicmax Board to Weigh Director Election and H-Share Buyback
Jun 30, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has scheduled a board meeting for July 3, 2026 to address key governance matters related to its leadership and capital structure. The Board will consider the election of a new director, a move that could adjust ...
Shanghai Chicmax Wins Strong Shareholder Backing at AGM, Clears Dividend and Buyback Mandate
May 8, 2026
Shanghai Chicmax Cosmetic Co., Ltd. reported that its annual general meeting held in Shanghai on 8 May 2026 achieved a turnout representing about 83.76% of its total issued share capital, with both H share and unlisted share investors present. The...
Shanghai Chicmax Updates Final Dividend and Tax Details for 2025 Payout
May 8, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has updated its final dividend announcement for the year ended 31 December 2025, declaring a payout of RMB 0.75 per share, equivalent to HKD 0.857006, with shareholder approval obtained on 8 May 2026. The divide...
Shanghai Chicmax Sets 2026 AGM to Approve 2025 Results, Dividend Plan and H-Share Buyback Mandate
Apr 16, 2026
Shanghai Chicmax Cosmetics Co., Ltd. has convened its annual general meeting for 8 May 2026 in Shanghai to review the board’s work report and the company’s 2025 annual report, and to approve a 2025 profit distribution plan. Shareholder...
Shanghai Chicmax Updates Final 2025 Dividend and Withholding Tax Arrangements
Apr 16, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has declared a final ordinary cash dividend of RMB 0.75 per share for the financial year ended 31 December 2025, subject to shareholder approval on 8 May 2026. The dividend will be paid on 23 June 2026 to shareh...
Shanghai Chicmax Updates Articles of Association After RSU-Linked H-Share Issuance
Apr 16, 2026
Shanghai Chicmax Cosmetic has updated its articles of association to reflect changes in its capital structure following the completion of an issue and allotment of 21,340 H shares under its restricted share unit scheme. After this issuance, the co...
Shanghai Chicmax Grants Fifth Round of Restricted Share Units to Key Employees
Mar 31, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has executed a fifth-round grant of restricted share units, issuing 25,519 RSUs to five Group employees, equivalent to about 0.01% of its outstanding share capital. The RSUs, priced at RMB1.00 per unit against a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.