08.02.22
China
www.yatsenglobal.com
Sales: $876 million
Key Personnel: Jinfeng Huang, founder, chairman and CEO; Jianhua Lyu, co-founder, chief sales officer and director; Donghao Yang, CFO and director
Major Products: Cosmetics and skin care. Brands include Perfect Diary, Little Ondine, Abby’s Choice, Galénic, Dr.Wu, Eve Lom, Pink Bear
New Products: Eantim skin care (acquisition), Little Ondine Liquid Foundation, Abby’s Choice Amino Gentle Minimalism Facial Cleanser, Dr. Wu Mandelik Multiple Acid Renewal Mask
Comments: Yatsen Holding Limited is a leading player in China’s beauty market, The company says its mission is to create an exciting new journey of beauty discovery for consumers in China and around the world. Its flagship brand, Perfect Diary, is one of the top color cosmetics brands in China in terms of online retail sales value.
Sales rose 11.6% last year. Unfortunately, in Q1 2022, sales plunged 38.3% as covid-induced lockdowns hurt demand for color cosmetics. But Yatsen said total net revenue from skin care rose 68.5% to account for 20.5% of sales, up from 7.5%.
“We remain focused on executing our strategy of building our brands, investing in R&D and pursuing sustainable growth in the first quarter of 2022,” said Jinfeng Huang, founder, chairman and CEO of Yatsen. “We have already observed early progress, including the growing skin care business and narrowing net loss and non-GAAP net loss. Although the pandemic continues to negatively impact our business, including our offline stores and supply chain, we are working hard to transform Yatsen and optimize operations.”
R&D expenses represented 2.4% of Yatsen’s total net revenues in 2021. In October 2021, Yatsen released the SmartLock technology. Developed with the Institute of Chemistry Chinese Academy of Sciences, it treats hydroxylated calcium phosphate crystals and fullerenes through a patented process to form an innovative raw material with directional adsorption function for oils and fats. The material is capable of directionally absorbing excess oil secreted by the skin, while retaining the necessary oil in the base makeup product, thus absorbing oil without absorbing makeup for long wear, according to Yatsen. SmartLock is used in Perfect Diary Pearl Loose Powder and Perfect Diary Small Silver Mirror Air Cushion.
www.yatsenglobal.com
Sales: $876 million
Key Personnel: Jinfeng Huang, founder, chairman and CEO; Jianhua Lyu, co-founder, chief sales officer and director; Donghao Yang, CFO and director
Major Products: Cosmetics and skin care. Brands include Perfect Diary, Little Ondine, Abby’s Choice, Galénic, Dr.Wu, Eve Lom, Pink Bear
New Products: Eantim skin care (acquisition), Little Ondine Liquid Foundation, Abby’s Choice Amino Gentle Minimalism Facial Cleanser, Dr. Wu Mandelik Multiple Acid Renewal Mask
Comments: Yatsen Holding Limited is a leading player in China’s beauty market, The company says its mission is to create an exciting new journey of beauty discovery for consumers in China and around the world. Its flagship brand, Perfect Diary, is one of the top color cosmetics brands in China in terms of online retail sales value.
Sales rose 11.6% last year. Unfortunately, in Q1 2022, sales plunged 38.3% as covid-induced lockdowns hurt demand for color cosmetics. But Yatsen said total net revenue from skin care rose 68.5% to account for 20.5% of sales, up from 7.5%.
“We remain focused on executing our strategy of building our brands, investing in R&D and pursuing sustainable growth in the first quarter of 2022,” said Jinfeng Huang, founder, chairman and CEO of Yatsen. “We have already observed early progress, including the growing skin care business and narrowing net loss and non-GAAP net loss. Although the pandemic continues to negatively impact our business, including our offline stores and supply chain, we are working hard to transform Yatsen and optimize operations.”
R&D expenses represented 2.4% of Yatsen’s total net revenues in 2021. In October 2021, Yatsen released the SmartLock technology. Developed with the Institute of Chemistry Chinese Academy of Sciences, it treats hydroxylated calcium phosphate crystals and fullerenes through a patented process to form an innovative raw material with directional adsorption function for oils and fats. The material is capable of directionally absorbing excess oil secreted by the skin, while retaining the necessary oil in the base makeup product, thus absorbing oil without absorbing makeup for long wear, according to Yatsen. SmartLock is used in Perfect Diary Pearl Loose Powder and Perfect Diary Small Silver Mirror Air Cushion.