On August 22nd, Yuyuan Inc. released its interim financial report for 2023. In the first half of the year, Yuyuan Inc. achieved operating revenue of 27.44 billion yuan ($3.76 billion), a year-on-year increase of 21.86%. The net profit attributable to shareholders of the listed company was 2.22 billion yuan ($304.5 million), a year-on-year increase of 225.83%.
Yuyuan Beauty and Health Group, with a mission to provide the best beauty and health products and services to global households, has established three core business segments: beauty and cosmetics, health care, and pet health. It owns cosmetic brands such as Wei Beauty and AHAVA.
In the financial report, Yuyuan Inc. stated that the Beauty and Health segment performed well, with impressive sales results for its various brands during marketing seasons such as “515 Family Day” and “Chinese 618 Shopping Festival”. Yuyuan Inc. also received industry innovation and technology awards for its independently developed skincare brand series products. The overseas business volume of AHAVA, an Israeli-based skincare brand, doubled.
Huang Zhen, Chairman of Yuyuan Inc., stated that as a global family happiness consumption industry group rooted in China, Yuyuan Inc. focuses on expanding consumption as a key priority. It fully practices the “Eastern Lifestyle Aesthetic” top strategy, continuously creates differentiated product value under the guidance of innovation and technology, further meets the consumption needs of household customers, and triggers a new wave of nationwide consumption.
