Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145) AI Stock Analysis

• Market Cap: HK$41.39B
• Dividend Yield: 2.26%
• Average Volume (3M): 658.45K
• Price to Earnings (P/E): 40.9
• Beta (1Y): 0.98
• Revenue Growth: 20.78%
• EPS Growth: 18.37%
• Country: HK
• Employees: 2,086
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 1.44
• Shares Outstanding: 206,354,540
• 10 Day Avg. Volume: 723,048
• 30 Day Avg. Volume: 658,453
• PEG Ratio: 0.24
• Price to Book (P/B): 5.92
• Price to Sales (P/S): 1.91
• P/FCF Ratio: 42.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$113.50
• Price Target Upside: 17.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: HK$114.00 ▲(18.20% Upside)

Shanghai Chicmax Cosmetics Co., Ltd. receives a strong overall stock score driven by its robust financial performance and positive technical indicators. The company's high profitability margins and low leverage contribute significantly to its financial stability. While the stock shows bullish momentum, the high P/E ratio suggests potential overvaluation, which slightly tempers the overall score.

Shanghai Chicmax Cosmetics Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Shanghai Chicmax Cosmetic Co., Ltd., a multi-brand cosmetics company, engages in the research, development, manufacture, and sale of skincare, and maternity and childcare products in China. The company offers a range of cosmetics, such as essence creams, lotions, shampoos, facial masks, and other skincare and hair care products under the KANS, One Leaf, Baby Elephant, BIO-G, asnami, KYOCA, newpage, ARMIYO, and TAZU brands. It also engages in supply chain management activities. The company was formerly known as Shanghai Kaka Cosmetic Co., Ltd. and changed its name to Shanghai Chicmax Cosmetic Co., Ltd. in 2020. Shanghai Chicmax Cosmetic Co., Ltd. was founded in 2003 and is based in Shanghai, the People's Republic of China.

How the Company Makes Money

Chicmax generates revenue through multiple key streams including direct sales of its cosmetics and skincare products through retail channels, e-commerce platforms, and partnerships with beauty retailers. The company also benefits from private label services where it manufactures products for other brands, thus diversifying its income sources. Furthermore, strategic collaborations with distributors and influencers in the beauty industry enhance its market reach and brand visibility, driving sales growth. The company's focus on research and development allows for the continuous introduction of new products, keeping its offerings fresh and appealing to a broad consumer base.

Shanghai Chicmax Cosmetics Co., Ltd. Class H Financial Statement Overview

Summary

Shanghai Chicmax Cosmetics Co., Ltd. demonstrates strong financial performance with robust revenue growth, high profitability margins, and low leverage. The company effectively utilizes its equity to generate returns, although there is room to improve cash conversion efficiency. Overall, the financial statements reflect a well-managed company with a positive growth outlook and financial stability.

Income Statement

Shanghai Chicmax Cosmetics Co., Ltd. shows strong revenue growth with a TTM increase of 4.27%. The company maintains high gross and net profit margins at 75.22% and 11.50%, respectively, indicating robust profitability. EBIT and EBITDA margins are also healthy, reflecting efficient operations. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio of 0.05, indicating low leverage and financial stability. The return on equity is impressive at 36.37%, showcasing effective use of equity to generate profits. The equity ratio stands at 61.41%, suggesting a strong equity base relative to total assets. Overall, the balance sheet reflects financial stability and efficient equity utilization.

Cash Flow

Cash flow analysis shows a significant improvement in free cash flow growth at 20.27% TTM, indicating enhanced cash generation capabilities. The operating cash flow to net income ratio is moderate at 0.16, while the free cash flow to net income ratio is 0.44, suggesting room for improvement in cash conversion efficiency. Overall, the cash flow statement indicates positive cash flow growth but highlights potential areas for enhancing cash efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.40B	6.79B	4.19B	2.68B	3.62B	3.38B
Gross Profit	5.53B	5.11B	2.99B	1.70B	2.36B	2.19B
EBITDA	808.01M	752.09M	676.04M	268.88M	404.70M	403.95M
Net Income	904.16M	781.21M	461.10M	147.10M	338.89M	203.46M
Balance Sheet
Total Assets	3.95B	3.60B	3.13B	3.15B	2.27B	2.22B
Cash, Cash Equivalents and Short-Term Investments	799.88M	732.71M	914.50M	1.17B	157.26M	174.24M
Total Debt	300.83M	111.67M	165.57M	728.20M	285.04M	544.10M
Total Liabilities	1.45B	1.36B	1.10B	1.44B	1.32B	1.64B
Stockholders Equity	2.43B	2.19B	2.01B	1.71B	949.98M	578.95M
Cash Flow
Free Cash Flow	473.06M	304.38M	657.69M	-23.51M	269.46M	124.56M
Operating Cash Flow	715.30M	546.95M	746.16M	36.56M	335.19M	265.97M
Investing Cash Flow	-74.30M	-187.03M	-457.49M	-66.78M	-55.29M	-6.95M
Financing Cash Flow	-556.10M	-595.67M	-737.21M	1.03B	-289.56M	-239.93M

Shanghai Chicmax Cosmetics Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 96.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2145, the sentiment is Positive. The current price of 96.45 is below the 20-day moving average (MA) of 97.24, above the 50-day MA of 94.88, and above the 200-day MA of 65.25, indicating a neutral trend. The MACD of 0.75 indicates Negative momentum. The RSI at 51.34 is Neutral, neither overbought nor oversold. The STOCH value of 71.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2145.

Shanghai Chicmax Cosmetics Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2145	74 Outperform	HK$41.39B	40.93	39.62%	2.26%	20.78%	18.37%
6601	74 Outperform	€3.19B	15.00	6.65%	5.48%	9.72%	-10.15%
1044	72 Outperform	$32.00B	12.96	10.69%	5.54%	-3.48%	-24.11%
2367	64 Neutral	HK$44.23B	17.58	29.64%	1.57%	36.70%	22.26%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
6993	47 Neutral	HK$18.88B	―	-6.08%	4.58%	2.79%	-170.67%
0157	41 Neutral	$1.08B	―	-12.38%	―	39.29%	-71.82%

Shanghai Chicmax Cosmetics Co., Ltd. Class H Corporate Events

Shanghai Chicmax Forms Joint Venture to Expand Cosmetics Market

Shanghai Chicmax Cosmetics Co., Ltd. has announced the formation of a joint venture with several parties, including Ms. Song Yang and Shanghai Qingdao, with a total registered capital of RMB10,000,000. The company will hold a 51% stake in the venture, which aims to expand its market presence in the cosmetics industry. This transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval.

Shanghai Chicmax Announces Final Dividend for 2024

Shanghai Chicmax Cosmetics Co., Ltd. has announced a final cash dividend of RMB 0.75 per share for the year ended December 31, 2024. This announcement includes details on withholding tax rates applicable to different categories of shareholders, with the payment date set for May 30, 2025. The update reflects changes in information related to withholding tax, impacting non-resident shareholders with varying tax obligations based on their country of domicile and existing tax treaties with the PRC.

Shanghai Chicmax Cosmetics Announces 2025 Annual General Meeting

Shanghai Chicmax Cosmetics Co., Ltd. has announced its upcoming Annual General Meeting, scheduled for May 6, 2025, in Shanghai. The meeting will address several key resolutions, including the approval of the 2024 work reports, profit distribution plan, auditor appointments, and remuneration plans for directors and supervisors. Additionally, a special resolution will consider amendments to the Articles of Association, highlighting the company’s ongoing efforts to adapt its governance structure. These decisions are crucial for the company’s strategic direction and could impact its operational efficiency and stakeholder relations.

Shanghai Chicmax Reports Strong Financial Growth in 2024

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.

Shanghai Chicmax Expands Product Offerings and Restructures Logistics

Shanghai Chicmax Cosmetics Co., Ltd. has entered into a Product Purchasing and Services Framework Agreement with Yinxi Shanghai to acquire tea products and teahouse services, marking a strategic move to diversify its product portfolio. Additionally, the company has modified its Logistics and Warehousing Service Agreement, now engaging Hangzhou Rongheng to provide these services, which reflects a restructuring of its logistics operations. These transactions, involving connected parties, are subject to specific reporting requirements under the Listing Rules, but do not require independent shareholder approval, indicating a streamlined regulatory process.

Shanghai Chicmax Announces Final Dividend for 2024

Shanghai Chicmax Cosmetics Co., Ltd. has announced a final cash dividend of RMB 0.75 per share for the financial year ending December 31, 2024. The dividend is subject to shareholder approval on May 6, 2025, with payment scheduled for May 30, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence its market positioning positively.

Shanghai Chicmax Schedules Board Meeting to Discuss Annual Results and Dividend

Shanghai Chicmax Cosmetics Co., Ltd. has announced a board meeting scheduled for March 20, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the recommendation for a final dividend payment, highlighting the company’s ongoing financial strategies and potential returns for stakeholders.

Shanghai Chicmax Projects Strong Financial Growth for 2024

Shanghai Chicmax Cosmetics Co., Ltd. has announced a positive profit alert, expecting significant revenue and profit increases for the year ended December 31, 2024. The company anticipates revenue between RMB6,700.0 million and RMB6,900.0 million, and profit between RMB750.0 million and RMB810.0 million, driven by strong performance from its skincare brands KANS and newpage.