Sales: $801 million
Key Personnel: Zhang Dongfang, chairman, president and chief executive officer; Ye Weimin, deputy general manager and general manager of mass consumption business division; Huang Zhen, deputy general manager and general manager, Herborist business division; Huang Jian, deputy general manager, financial and information management; Han Min, board secretary.
Major Products: Personal care, cosmetics and home care products. Brands include Herborist, Liushen, Maxam, GF, Giving HomeAegis, Fresh Herb, Dr. Yu, Tea Beauty, Shanghai Vive.
New Products: Fresh Herb.
Comments: According to sources, sales fell nearly 9% last year, as hiccups in China’s economy were felt at home and throughout the world. Company executives have blamed the decline, in part, to declining sales of Herborist. To get sales growing again, Shanghai Jahwa is trying to expand distribution in specialty chains, Watsons and maternity stores.
Despite the recent decline in sales, company executives are determined to build a $1.8 billion company by 2020. They’ll get there through mergers and acquisitions.