Shanghai Chicmax Cosmetics Co., Ltd. Class H (HK:2145) has released an update.
Shanghai Chicmax Cosmetic Co., Ltd. has reported a significant surge in financial performance for the first half of 2024, with revenues and profits increasing by 120.7% and 308.7% respectively compared to the same period in 2023. The company, a leader in China’s cosmetics industry with over 20 years of history, attributes its success to a strong multi-brand strategy and impressive sales on major platforms like Douyin and Tmall. An interim dividend of RMB0.75 per share is proposed, pending shareholder approval at an upcoming meeting.
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