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Shanghai Chicmax Cosmetics Co., Ltd. Class H
(2145)
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Rating:75Outperform
Price Target:
HK$25.00
â–¼(-37.47% Downside)
Action:Reiterated
Date:08/19/26
Strong financial performance and very attractive valuation (low P/E and high dividend yield) support the score. This is partially offset by weak technical positioning, with the stock trading below all major moving averages and only neutral momentum signals.
Positive Factors
Renewed Revenue Growth
The sharp acceleration in 2025 revenue indicates renewed demand and improved execution after a softer prior year. Sustained growth would strengthen operating leverage, support brand investment, and expand the company’s competitive position in China’s beauty market.
Negative Factors
Incomplete Cash Conversion
Profit growth has not fully translated into cash, which may reflect working-capital needs or other non-cash earnings factors. Persistent conversion gaps could constrain reinvestment, dividends, and balance-sheet flexibility even if reported profitability remains strong.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewed Revenue Growth
The sharp acceleration in 2025 revenue indicates renewed demand and improved execution after a softer prior year. Sustained growth would strengthen operating leverage, support brand investment, and expand the company’s competitive position in China’s beauty market.
Read all positive factors
Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.88B
Dividend Yield6.3%
Average Volume (3M)2.26M
Price to Earnings (P/E)11.1
Beta (1Y)1.12
Revenue Growth23.19%
EPS Growth-22.44%
CountryHK
Employees3,508
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)2.77
Shares Outstanding206,524,410
10 Day Avg. Volume1,588,108
30 Day Avg. Volume2,264,751
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)9.40
Price to Sales (P/S)2.84
P/FCF Ratio37.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$33.33Price Target Upside-16.65% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.7
Revenue Forecast (FY)HK$8.84B
Shanghai Chicmax Cosmetics Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai Chicmax Cosmetic Co., Ltd. is a multifaceted beauty corporation based in China, specializing in the entire product lifecycle—from innovation and production to market distribution—for skincare, as well as maternity and infant care lines. T...
How the Company Makes Money
Chicmax primarily makes money by selling cosmetics and personal care products to consumers, generating revenue from product sales across its portfolio. Key revenue streams typically include (1) direct-to-consumer sales via online platforms (includ...
Shanghai Chicmax Cosmetics Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.18B | 6.79B | 4.19B | 2.68B | 3.62B |
| Gross Profit | 7.00B | 5.11B | 2.99B | 1.70B | 2.36B |
| EBITDA | 1.21B | 752.09M | 676.04M | 268.88M | 404.70M |
| Net Income | 1.10B | 781.21M | 461.10M | 147.10M | 338.89M |
Balance Sheet | |||||
| Total Assets | 4.97B | 3.60B | 3.13B | 3.15B | 2.27B |
| Cash, Cash Equivalents and Short-Term Investments | 958.21M | 732.71M | 914.50M | 1.17B | 157.26M |
| Total Debt | 632.47M | 111.67M | 165.57M | 728.20M | 285.04M |
| Total Liabilities | 2.09B | 1.36B | 1.10B | 1.44B | 1.32B |
| Stockholders Equity | 2.77B | 2.19B | 2.01B | 1.71B | 949.98M |
Cash Flow | |||||
| Free Cash Flow | 690.54M | 304.38M | 657.69M | -23.51M | 269.46M |
| Operating Cash Flow | 1.21B | 546.95M | 746.16M | 36.56M | 335.19M |
| Investing Cash Flow | -448.86M | -187.03M | -457.49M | -66.78M | -55.29M |
| Financing Cash Flow | -404.82M | -595.67M | -737.21M | 1.03B | -289.56M |
Shanghai Chicmax Cosmetics Co., Ltd. Class H Technical Analysis
Negative
39.98
Price Trends
26.54
Negative
33.49
Negative
51.38
Negative
Market Momentum
-1.74
Positive
38.03
Neutral
25.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2145, the sentiment is Negative. The current price of 39.98 is above the 20-day moving average (MA) of 24.83, above the 50-day MA of 26.54, and below the 200-day MA of 51.38, indicating a bearish trend. The MACD of -1.74 indicates Positive momentum. The RSI at 38.03 is Neutral, neither overbought nor oversold. The STOCH value of 25.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2145.
Shanghai Chicmax Cosmetics Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$8.88B | 11.08 | 25.72% | 6.30% | 23.19% | -22.44% | |
65 Neutral | HK$24.66B | 8.60 | 10.98% | 7.54% | 2.19% | 10.78% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | HK$21.03B | -230.49 | -1.21% | 4.23% | -2.44% | 81.73% | |
50 Neutral | HK$126.67M | -6.43 | -13.48% | 15.79% | -9.95% | -834.42% | |
46 Neutral | HK$920.97M | -16.20 | -12.81% | 0.53% | 13.43% | 7.72% |
* Consumer Defensive Sector Average
HK:2145
Shanghai Chicmax Cosmetics Co., Ltd. Class H
22.30
-72.21
-76.40%
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21.24
-1.45
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0.46
-0.10
-17.86%
HK:6993
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3.78
0.61
19.28%
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Herbs Generation Group Holdings Limited Class H
0.95
-0.37
-28.03%
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Eternal Beauty Holdings Limited
2.03
-0.06
-2.87%
Shanghai Chicmax Cosmetics Co., Ltd. Class H Corporate Events
Shanghai Chicmax Sets Board Meeting to Approve 2026 Interim Results
Aug 17, 2026
Shanghai Chicmax Cosmetic Co., Ltd., a Hong Kong-listed PRC cosmetics group, develops and sells beauty and personal care products across its subsidiaries, serving consumers primarily in China and potentially the wider Asian market. The company ope...
Shanghai Chicmax Warns of Steep First-Half Profit Drop on KANS Slump and Strategic Investments
Aug 17, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has warned that its revenue for the six months ended June 30, 2026 is expected to fall to about RMB3.72 billion–RMB3.76 billion, down roughly 8.5%–9.5% year on year. Over the same period, profit is f...
Shanghai Chicmax boosts stake in child skincare unit Shanghai Yiye
Aug 11, 2026
Shanghai Chicmax Cosmetics has moved to increase its stake in its non-wholly owned subsidiary Shanghai Yiye, agreeing for its unit Shanghai Qingdao to acquire equity interests from connected parties Dajiao Investment and Ms. Liu. The deals, totali...
Shanghai Chicmax Updates Articles to Reflect New RSU-Driven Share Capital
Jul 29, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has updated its articles of association to reflect changes in registered share capital following the recent grant of restricted share units under its RSU Scheme. After the issue and allotment of 148,529 H shares...
Shanghai Chicmax Proposes Elevating Vice President Wang Tao to Executive Director
Jul 3, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has proposed appointing vice president Wang Tao as an executive director of its second board session, following a recommendation from the nomination committee and subject to shareholder approval at an upcoming e...
Shanghai Chicmax Grants Sixth Round of Restricted Share Units to Directors and Staff
Jul 2, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has executed a sixth round grant of 182,304 restricted share units, equal to 0.09% of its issued share capital, to 13 grantees including two executive directors and 11 employees. The RSUs, priced at RMB1.00 per ...
Shanghai Chicmax Announces Resignation of Executive Director Zhou Wei
Jun 30, 2026
Shanghai Chicmax Cosmetics Co., Ltd., a Hong Kong-listed PRC cosmetics manufacturer and marketer under stock code 2145, serves the Chinese beauty and personal care market with a board comprising executive, employee representative and independent n...
Shanghai Chicmax Clarifies Board Structure and Committee Roles
Jun 30, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has disclosed an updated list of its directors and clarified their roles and functions on the board. The structure includes executive directors, an employee representative director, and independent non-executive...
Shanghai Chicmax Board to Weigh Director Election and H-Share Buyback
Jun 30, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has scheduled a board meeting for July 3, 2026 to address key governance matters related to its leadership and capital structure. The Board will consider the election of a new director, a move that could adjust ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.