On April 22nd, 2023, LANCY CO., LTD. (Lancy) released its annual report for 2023. The report shows that Lancy achieved an operating income of 5.145 billion yuan last year, a year-on-year increase of 24.41%; achieving a net profit attributable to shareholders of the listed company of 225 million yuan, a whopping increase of 953.37% year-on-year; achieving a non-recurring net profit of 195 million yuan, a staggering increase of 16845.56% year-on-year.
In terms of business segments, during the reporting period, the medical beauty business achieved an operating income of 2.126 billion yuan, an increase of 27.75% over the same period last year; achieving a gross profit of 1.13 billion yuan, with a gross profit margin of 53.15%.
The annual report indicates that in the first quarter of 2024, Lancy completed the acquisition of Zhengzhou Jimei Holdings, accelerating the nationwide layout of the medical beauty business. As of the end of the reporting period, the company had 38 medical beauty institutions, including 8 comprehensive hospitals and 30 outpatient departments or clinics, mainly distributed in Chengdu, Xi’an, Kunming, Chongqing, Shenzhen, Wuhan, Changsha, Xianyang, etc. Currently operating under domestic medical beauty brands such as “Bravou”, “HANJIN”.
In addition, Lancy also stated that the company seized industry development opportunities, promoted the rapid development of the medical beauty business, and successively participated in the establishment of seven medical beauty acquisition funds, with a total fund size of up to 2.837 billion yuan.
Looking ahead, Lancy stated that it will continue to promote the deep development of the “pan-fashion industry interconnected ecosystem” strategy, seize the new opportunities for the development of the beauty economy, concentrate superior resources, accelerate the nationwide layout of Lancy medical beauty business, and become the industry leader.
