上海上美化妆品股份有限公司2025年年报

Shanghai Chicmax Cosmetic Co., Ltd.̷⊤̷㒻ࡃ໊৮㗎Ъᰶ䭽ڙथ ( A joint stock company incorporated in the People's Republic of China with limited liability )(᫩͚㤜ϧℾڞহస㽨ڷ᜽⿸⮱㗎Ъᰶ䭽ڙथ
) Contents Corporate Information2Chairman’s Statement5Financial Summary24Management Discussion and Analysis25Biographical Details of Directorsand Senior Management33Corporate Governance Report41Report of the Board of Directors72Independent Auditor’s Report114Consolidated Statement of Profit or Loss123Consolidated Statement of Comprehensive Income124Consolidated Statement of Financial Position125Consolidated Statement of Changes in Equity127Consolidated Statement of Cash Flows129Notes to Financial Statements131 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Lyu Yixiong ()(Chairman of the Board and Chief Executive Officer)Ms. Zhou Wei () (appointed on 25 September 2025)Ms. Luo Yan ()Mr. Feng Yifeng ()Ms. Song Yang () 2025925 Non-executive Directors 20258282025925 Ms. Li Hanqiong () (resigned on 28 August 2025)Mr. Sun Hao () (resigned on 25 September 2025) 2025925 Employee Representative DirectorMr. Sun Hao () (appointed on 25 September 2025) Mr. Leung Ho Sun Wilson ()Ms. Luo Yan ()Mr. Li Yang () COMPANY SECRETARIES ACG, HKACG2025731 Mr. Li Kin Wai ()(ACG, HKACG)Mr. Lian Ming () (resigned on 31 July 2025) AUDIT COMMITTEE Mr. Leung Ho Sun Wilson ()(Chairman)Ms. Luo Yan ()Mr. Li Yang () REMUNERATION AND APPRAISALCOMMITTEE Ms. Luo Yan ()(Chairman)Mr. Lyu Yixiong ()Mr. Li Yang () NOMINATION COMMITTEE Mr. Lyu Yixiong ()(Chairman)Ms. Luo Yan ()Mr. Li Yang () AUTHORISED REPRESENTATIVES ACG, HKACG Mr. Feng Yifeng ()Mr. Li Kin Wai ()(ACG, HKACG) AUDITORS 97927 Ernst & Young(Certified Public Accountants and Registered Public InterestEntity Auditor under the Accounting and Financial ReportingCouncil Ordinance)27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong LEGAL ADVISORS 183401 as to Hong Kong laws Eric Chow & Co. in Associationwith Commerce & Finance Law Offices3401, Alexandra House18 Chater RoadCentralHong Kong 1515110 as to PRC laws Commerce & Finance Law Offices10/F, Tower 1Jing An Kerry Centre1515 West Nanjing RoadShanghaiPRC REGISTERED OFFICE Room 308-3, 3rd FloorNo. 8.10 Quanzhou RoadXuhui District, Shanghai(postcode: 200233)PRC 8.103308-3200233 Corporate Information HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN THE PRC 710522 22nd Floor, Building 5Jumeng Tiandi Plaza No. 710 Yishan RoadXuhui District, ShanghaiPRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 33191918 Room 1918, 19/FLee Garden One33 Hysan AvenueCauseway BayHong Kong PRINCIPAL BANKERS 7557 Shanghai Pudong Development Bank Co., Ltd.(Fengxian Sub-Branch)No. 7557 Nanfeng RoadFengxian DistrictShanghai, PRC 1589 China Merchants Bank Co., Ltd.(Shanghai Century Avenue Sub-Branch)No. 1589 Century AvenuePudong New DistrictShanghai, PRC H HONG KONG H SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 2145 2145 COMPANY’S WEBSITE www.chicmaxgroup.com www.chicmaxgroup.com Chairman’s Statement 20251231 Iam pleased to present our annual report for the year ended 31December 2025. FINANCIAL HIGHLIGHTS 20246,792.520259,177.820245,109.420257,014.720251,154.22024803.3 Ourrevenue increased to RMB9,177.8 million in the full year of2025 from RMB6,792.5 million in the full year of 2024. Our grossprofit increased to RMB7,014.7 million in the full year of 2025 fromRMB5,109.4 million in the full year of 2024. Our profit for the full yearof 2025 was RMB1,154.2 million whereas our profit for the full year of2024 was RMB803.3 million. 202512310.75202412310.7520255620256300.52025925 Final Dividend of RMB0.75 per share was proposed by the Boardforthe year ended 31 December 2025.The final dividend fortheyear ended 31 December 2024 of RMB0.75 per share wasapproved by the shareholders at general meeting held on 6 May2025,and the dividend distribution has been completed.Theinterimdividends for the six months ended 30 June 2025 ofRMB0.5 per share was approved by the shareholders at generalmeeting held on 25 September 2025, and the dividend distributionhas been completed. BUSINESS REVIEW AND OUTLOOK BUSINESS REVIEW &20 Chicmaxis a leader of multi-brand cosmetics industry driven byscientific research, we establish a presence in six major segments, i.e.mass skin care, maternity and childcare & teenagers skin care, washingand personal care, makeup, dermocosmetics and premium skin care,buildingtwo multinational research centers and two multinationalsupply chain bases worldwide. We focus on the implementation ofmulti-brandstrategy and have remained dedicated to it since ourestablishment.With an operational history of more than 20 years,today we are one of the front runners in China’s cosmetics industry,possessingcomprehensive multi-brand development,operationalcapability and expertise, and we have successfully built a variety ofpopular cosmetic brands