Fourth Quarter Revenue Growth
Total net revenues for the fourth quarter of 2024 increased by 7.1% to RMB 1.15 billion, driven by a 16.4% increase in color cosmetics brands.
Improved Profit Margins
Gross margin for the fourth quarter of 2024 increased to 77.8% from 73.7% in the prior year, and the net loss margin improved to 33% from 46.1%.
Skincare Segment Achievements
Revenues from skincare brands accounted for 41.1% of full-year total net revenues, with Galénic receiving industry awards and maintaining a strong market position.
Innovative Product Launches
Perfect Diary's BioLip Essence Lipstick achieved leading sales positions, and R&D initiatives led to significant scientific contributions.
Cost Efficiency Measures
Total operating expenses for Q4 decreased by 3.5%, and strategic marketing spending improved profitability.