China’s Beauty Company Uniasia IPO Review Resumes

Guangzhou Uniasia Cosmetic Technology Co., Ltd, a Chinese beauty company, has resumed its initial public offering (IPO) review on the SZSE ChiNext board as of June 21.

On June 21, the IPO review of Guangzhou Uniasia Cosmetic Technology Co., Ltd. (hereinafter referred to as Uniasia) on the ChiNext board resumed and is currently in the inquiry stage. Previously (March 27), Uniasia voluntarily suspended its IPO application due to updates to the financial information of the issuer and sponsor.

According to public information, Uniasia is a comprehensive cosmetics company integrating R&D, production, sales, and service. Its founder, Hu Xingguo, started as a dealer, established Meifubao in 1999, and began to transition from distribution and service to brand building.

As a cosmetics company with a history of more than thirty years, Uniasia is also one of the few comprehensive cosmetics companies in China. Currently, it has 15 major brands under its umbrella, including Meifubao, FRANIC, SEEYOUNG, and SKYNFUTURE, as well as niche brands such as MOR, KEEP · Y, YOUYA, GITTAMY, VITALIXIR, MIOFURMI, and others. The product range covers daily chemical products such as skin care, cleansing, hair care, and body care.

According to the prospectus, Uniasia’s revenues in 2019 and 2020 were 1.941 billion yuan ($270.415 million) and 1.988 billion yuan ($276.868 million), respectively, and increased to 2.157 billion yuan ($300.462 million) in 2021, a year-on-year increase of 8.5%. Revenues for the first half of 2022 were 986 million yuan ($137.34 million). Net profits attributable to the parent company’s shareholders during the same period were 209 million yuan ($29.11 million), 250 million yuan ($34.82 million), 188 million yuan ($26.19 million), and 137 million yuan ($19.08 million), respectively.

Although Uniasia has many brands, its revenue still mainly relies on ZiYuan, Meifubao, and Flanlinka. ZiYuan is the top-selling brand under Uniasia, with revenues of 842 million yuan ($117.28 million) in 2021, while Meifubao and Flanlinka achieved revenues of 569 million yuan ($79.25 million) and 396 million yuan ($55.16 million), respectively. In 2021, the total contribution of these three brands to the company’s revenue reached 84%.

Uniasia has always stated that it will expand globally to the five continents in the future, becoming a truly global enterprise with Chinese cultural significance.

As early as 2015, Uniasia acquired the Australian brand MOR and began cosmetics and personal care production and sales in Australia. The group now owns three original Australian import brands, including MOR, a fragrance care brand, MOINA, a natural skincare brand, and AUSPERI, a natural plant-based hair care brand.




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