Today (April 27), China’s first privately-owned daily chemical company, Lafang Jiahua, released its 2025 annual financial report.
The report shows that in 2025, Lafang Jiahua achieved revenue of 818 million yuan, a decrease of 7.92% compared to the previous year. The company recorded a net loss attributable to the parent company of 31.15 million yuan, a significant decline from the net profit reported in the same period last year. This marks the first annual loss since the company went public in 2017.
According to public records, Lafang Jiahua was established in 2001 and listed on the Shanghai Stock Exchange in 2017, earning the title of “the first privately-owned daily chemical company to go public.” The company mainly engages in the research and development, production, and sales of hair care, skin care, and cosmetics products. Its own brands include Lafang, Yujie, and Meiduosi, along with the exclusive distribution rights for the overseas skincare brand Rebioxi.
Breaking down by product category, Lafang Jiahua’s hair care products generated revenue of 752 million yuan in 2025, a 3.42% year-on-year decline, accounting for 91.85% of total revenue. Soap products brought in 20.26 million yuan, a decrease of 19.67% year-on-year. Among these, “Lafang” and “Yujie” remain the company’s core brands, with total revenue of 762 million yuan, accounting for 93.06% of total revenue.
In terms of distribution channels, offline distribution remains the primary channel for Lafang Jiahua. In 2025, this channel generated 540 million yuan in revenue, contributing 65.97% of total revenue, a decline of 13.36% compared to the previous year. E-commerce and other channels earned 277 million yuan, a year-on-year increase of 4.67%, and the revenue share grew to 33.88%.
In 2025, Lafang Jiahua continued to strengthen its efforts in both online and offline advertising to enhance brand influence and market share. The report shows that its sales expenses increased by 6.15% year-on-year to 300 million yuan. In contrast, its R&D expenses decreased by 22.63% to 32.19 million yuan.
Lafang Jiahua stated in the financial report that in 2026, the company will further expand its national theater distribution network, advance its product diversification strategy, and focus on three core categories: children’s hair care, functional hair care, and body care products. The company aims to extend its presence in the hair care market to achieve an integrated hair and body care solution.
