Yesterday (April 2), Chinese beauty company Chando Global Holdings Limited (hereinafter referred to as “Chando”) updated its prospectus on the Hong Kong Stock Exchange, restarting its IPO process.
According to the prospectus, in 2025, Chando recorded total revenue of RMB 5.318 billion, up 15.6% year-on-year; net profit reached RMB 351 million, representing a year-on-year increase of 84.8%; and gross profit amounted to RMB 3.757 billion, up 70.6% year-on-year.
Founded in 2001, Chando is committed to providing consumers with comprehensive solutions for hydration, whitening, repair, and anti-aging, while also offering personal care and color cosmetics products. Its portfolio currently includes the flagship brand Chando, as well as brands such as Biorrier, Maysu, Chunxia, and Jichu.
From a brand perspective, during the reporting period, the Chando brand contributed 95.3% of total revenue. Based on this, the brand’s revenue has exceeded RMB 5 billion. According to Frost & Sullivan, based on retail sales in 2024, Chando ranked as the second-largest domestic cosmetics brand in China.
From a channel perspective, Chando generated RMB 3.695 billion in online revenue, accounting for 69.5% of total revenue, while offline revenue reached RMB 1.606 billion, accounting for 30.2%.
In terms of category mix, skincare remains Chando’s core pillar. During the reporting period, the skincare segment generated RMB 4.573 billion in revenue, accounting for 86% of the total; personal care products contributed RMB 340 million, representing 6.4%; and color cosmetics generated RMB 209 million, accounting for 3.9%.
