China’s Leading Beauty Company Uniasia Updated its Latest Prospectus
- Chaileedo Press
- Jun 26, 2023
- 2 min read
On June 26, Uniasia released the latest prospectus, updating its 2022 financial data. The company reported operating revenue of 2.095 billion yuan ($289.64 million) in 2022, down 2.9% compared to 2021.
Uniasia's Brands
On June 26, Guangzhou Uniasia Cosmetic Technology Co., Ltd. (hereinafter referred to as Uniasia) released the latest prospectus, updating its 2022 financial data. The company is set to list on the ChiNext board of SZSE.
According to the prospectus, Uniasia is a comprehensive cosmetics company integrating R&D, production, sales, and service. The company adheres to the development strategy of "multi-brand, multi-category, omnichannel, and global operation". After years of development, it has accumulated extensive market recognition and brand influence.
The company owns four major brands: "MEIFUBAO", "FRANIC", "SEEYOUNG", and "SKYNFUTURE", as well as sub-brands such as "MOR", "KEEP·Y", "YOUYA", "GITTAMY", "VITALIXIR", and "MIOFURMI". Its product range covers daily necessities such as skin care, cleansing, hair care, and body care.
From 2020 to 2022, Uniasia's revenue was 1.988 billion yuan ($274.88 million), 2.157 billion yuan ($298.31 million), and 2.095 billion yuan ($289.64 million), respectively. The net profits during the same period were 241 million yuan ($33.33 million), 187 million yuan ($25.86 million), and 228 million yuan ($31.53 million). In terms of channels, the company's online revenue for 2020-2022 was 802 million yuan ($110.91 million), 840 million yuan ($116.16 million), and 910 million yuan ($125.84 million), accounting for 40.99%, 39.09%, and 44.03% of total revenue, respectively.
Uniasia plans to raise 607 million yuan ($83.94 million) through its listing, of which 405 million yuan ($56.01 million) will be used for brand building and promotion projects, 107 million yuan ($14.80 million) for intelligent manufacturing and information system upgrade projects, and 55.46 million yuan ($7.67 million) for R&D center upgrade projects.
During the reporting period, the company's R&D expenses were 57.34 million yuan ($7.93 million), 64.89 million yuan ($8.97 million), and 66.05 million yuan ($9.13 million), accounting for 2.88%, 3.01%, and 3.15% of operating revenue, respectively. The company's R&D expenses for the past three years totaled 188.29 million yuan ($26.04 million).
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