THE WHAT? A trio of C-beauty firms have all reported substantial rises in 1H 2023 profit, suggesting that the beauty market is bouncing back from its pandemic lows. Shanghai Jahwa, Botanee and Proya all saw profit climb in the high double digits in the six months to June 30, 2023.
THE DETAILS According to a report published by Yicai, Jahwa saw profit surge 90.9 percent yoy although revenue dipped 2.3 percent, while Botanee’s revenue jumped 15.5 percent and profit grew 12.9 percent. Proya’s profit increased 65 percent while sales were up 35 percent.
THE WHY? Chinese cosmetics sales rose 4.8 percent in June, Yicai reveals quoting data from the National Bureau of Statistics, and 9.8 percent yoy in the January to June period. However, the recovery is bumpy with Yatsen’s Q2 2023 revenue down 9.8 percent.
Japan’s controversial Fukishima release could well provide a further boost to recovering sales as Chinese consumers eschew imported brands.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
