Beauty products maker Shanghai Chicmax's H1 revenue falls on lower KANS brand sales

Shanghai Chicmax Cosmetic

27/08/2026 14:11

Overview
China beauty products maker's interim revenue fell 8.6% yr/yr, mainly due to lower KANS sales
Net income for 1H2026 declined sharply as selling and distribution expenses increased
Company did not declare an interim dividend for 1H2026

Outlook
Company's subsidiary Shanghai Qingdao conditionally agrees to buy 29% of Shanghai Yiye for RMB383.96 mln, lifting its stake to 80% on completion

Result Drivers
KANS SALES DECLINE - Co said lower sales from KANS, its principal skincare brand, drove overall revenue decrease due to periodic market factors
NEWPAGE GROWTH - Co said newpage brand's revenue rose as it consolidated market position in infant and adolescent skincare, expanding its consumer base
HIGHER SELLING EXPENSES - Co said selling and distribution expenses increased due to greater investment in brand development and employee costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 3.76 bln
 
H1 Net Income Attributable
 
RMB 108.2 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy"
Wall Street's median 12-month price target for Shanghai Chicmax Cosmetic Co., Ltd. is HK$85.85, about 268.5% above its August 27 closing price of HK$23.30
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 11 three months ago

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/01b29de4-da56-4ded-9a30-cbf1e37558a7.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)