has a net loss of HK$36.53 million in the first half of the fiscal year! Sa Sa's first loss in 17 years
As of the first half of the fiscal year at the end of September, Sa Sa recorded a net loss of HK$36.53 million, while the company made a profit of HK$202.9 million in the same period last year. After recording its first interim loss in 17 years, Sa Sa stated that it will not pay interim dividends. This is also the first time since 2000 that the company has not paid interim dividends. Sa Sa’s mid-term losses were mainly caused by the mainland market and e-commerce channels. The two major businesses’ mid-term losses were HK$12.921 million and HK$16.648 million respectively. However, the actual mid-term loss in the Hong Kong and Macau markets where sales plummeted was only HK$3.253 million, while other markets recorded HK$3.708 million. Loss.
————
2.48 million yuan! Ruhan achieved quarterly profit for the first time after IPO
On November 26, Ruhan Holdings announced the results of the second quarter of fiscal year 2020. The financial report shows that Ruhan’s GMV (total turnover) reached 924.4 million yuan, a year-on-year increase of 32%; net income totaled 272.7 million yuan, an increase of 15% over the same period last year; adjusted net profit attributable to the parent company was 2.48 million yuan, Turning losses into profits; gross profit increased by 47% year-on-year, and gross profit margin increased to 44% from 34% in the same period last year. This is the first time that Ruhan Holdings has achieved a single-quarter profit in the non-double eleven quarters in the past few years, and it is also the first quarterly profit after the IPO.
————
Kantar: China's male cosmetics market has huge potential
Recently, Kantar Consumer Index launched a survey of 22,000 male respondents in 8 countries around the world. From the average level of 8 countries around the world, 32% of men believe that they should follow the fashion trends, while in China, the proportion is as high as 45%; compared with the global average, Chinese men are more eager to look youthful. In addition, about 10% of men in the world will use facial creams, this proportion is 64% in China; the global average of facial cleanser is 25%, and the proportion in China is as high as 63%. But only 8% of Chinese men said they are spending time taking care of themselves, far below the global average of 29%.
---
Group performance declines, Ulta Beauty senior vice president of marketing resigns
Recently, US cosmetics retailer Ulta Beauty senior vice president of marketing Tara Simon announced his resignation. Some analysts said that the main reason for his departure was the poor performance of the group and the weakening of the US cosmetics retail market. According to NPD Group data, sales of high-end cosmetics in the United States fell 7% to $1.7 billion in the third fiscal quarter. Previously due to the poor performance of the US market, Ulta Beauty has lowered its 2019 sales forecast guidance from double-digit growth to 9% to 12% growth.
————
The United States may enact a bill to strictly restrict the use of the word "natural" in beauty products
On November 8, members of the New York State Congress formally proposed the "Natural Cosmetics Act" to the U.S. House of Representatives, requiring labeling or advertising as "natural" Cosmetics must contain at least 70% natural substances (but not water), and must pass the carbon 14 test. Products that do not meet the requirements may be required to stop sales by the US Food and Drug Administration. The bill is supported by many beauty companies including Beautycounter. The global natural beauty market is growing rapidly and is expected to reach US$48 billion in 2025.
