Today (October 30th), Guangdong Marubi Biotechnology Co., Ltd. (referred to as “Marubi”) released its third-quarter financial report. In the first three quarters, Marubi achieved operating income of 1.536 billion yuan ($209.9 million), a year-on-year increase of 34.34%. The net profit attributable to shareholders of the listed company reached 174 million yuan ($23.78 million), a year-on-year increase of 44.84%. The non-recurring net profit reached 157 million yuan ($21.46 million), a year-on-year increase of 75.99%.
Among them, Marubi’s operating income in the third quarter was 477 million yuan ($65.19 million), a year-on-year increase of 46.1%. The net profit attributable to shareholders of the listed company reached 43.1438 million yuan ($5.9 million), a year-on-year increase of 1366.81%.
Marubi stated that the growth in operating income was mainly driven by the strong performance of the main brand Marubi in live streaming channels such as Douyin and Kwai, as well as the good revenue growth of the second brand PASSIONAL LOVER. The increase in net profit was attributed to the growth in operating income and the optimization of product structure, resulting in an improvement in gross profit margin.
Additionally, looking at the prices of the company’s main products, the average selling prices of all categories have increased. Among them, the average selling price of skincare products increased by 35%, which is the highest year-on-year growth rate among all categories. Marubi stated that this is due to the increased proportion of revenue from the higher-priced Collagen Series products compared to the same period last year.