Want to see HK:2145 full AI Analyst Report?
Top Page
Shanghai Chicmax Cosmetics Co., Ltd. Class H
(2145)
Select Model
Select Model
Rating:75Outperform
Price Target:
HK$24.00
â–¼(-39.97% 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 and margin expansion
The combination of renewed revenue growth and materially higher gross and net margins indicates stronger commercial execution and improved operating economics. If maintained, this provides greater capacity to reinvest in brands and channels while supporting more resilient earnings over the next several quarters.
Negative Factors
Profit-to-cash conversion remains incomplete
Cash generation is improving, but the gap between reported profit and realized operating and free cash flow means earnings quality remains a concern. Persistent conversion weakness could constrain reinvestment, dividends or balance-sheet strengthening and make growth more dependent on working-capital execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewed revenue growth and margin expansion
The combination of renewed revenue growth and materially higher gross and net margins indicates stronger commercial execution and improved operating economics. If maintained, this provides greater capacity to reinvest in brands and channels while supporting more resilient earnings over the next several quarters.
Read all positive factors
Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.03B
Dividend Yield6.2%
Average Volume (3M)854.91K
Price to Earnings (P/E)11.2
Beta (1Y)0.58
Revenue Growth23.19%
EPS Growth-22.44%
CountryHK
Employees3,508
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)1.72
Shares Outstanding206,565,400
10 Day Avg. Volume830,168
30 Day Avg. Volume854,911
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$33.32Price Target Upside-16.65% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.36
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.83B | 9.18B | 6.79B | 4.19B | 2.68B | 3.62B |
| Gross Profit | 6.78B | 7.00B | 5.11B | 2.99B | 1.70B | 2.36B |
| EBITDA | 887.90M | 1.25B | 789.44M | 676.04M | 268.88M | 431.03M |
| Net Income | 686.60M | 1.10B | 781.21M | 461.10M | 147.10M | 338.89M |
Balance Sheet | ||||||
| Total Assets | 4.52B | 4.97B | 3.60B | 3.13B | 3.15B | 2.27B |
| Cash, Cash Equivalents and Short-Term Investments | 837.75M | 958.21M | 732.71M | 914.50M | 1.17B | 157.26M |
| Total Debt | 695.84M | 632.47M | 111.67M | 165.57M | 728.20M | 285.04M |
| Total Liabilities | 1.84B | 2.09B | 1.36B | 1.10B | 1.44B | 1.32B |
| Stockholders Equity | 2.56B | 2.77B | 2.19B | 2.01B | 1.71B | 949.98M |
Cash Flow | ||||||
| Free Cash Flow | 533.81M | 690.54M | 304.38M | 657.69M | -23.51M | 269.46M |
| Operating Cash Flow | 1.13B | 1.21B | 546.95M | 746.16M | 36.56M | 335.19M |
| Investing Cash Flow | -622.29M | -448.86M | -187.03M | -457.49M | -66.78M | -55.29M |
| Financing Cash Flow | -437.86M | -404.82M | -595.67M | -737.21M | 1.03B | -289.56M |
Shanghai Chicmax Cosmetics Co., Ltd. Class H Technical Analysis
Positive
39.98
Price Trends
22.12
Positive
25.39
Negative
40.16
Negative
Market Momentum
0.06
Negative
53.73
Neutral
41.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2145, the sentiment is Positive. The current price of 39.98 is above the 20-day moving average (MA) of 21.96, above the 50-day MA of 22.12, and below the 200-day MA of 40.16, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 53.73 is Neutral, neither overbought nor oversold. The STOCH value of 41.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$9.03B | 11.18 | 25.77% | 6.20% | 23.19% | -22.44% | |
65 Neutral | HK$24.47B | 8.48 | 10.98% | 7.60% | 2.19% | 10.78% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
50 Neutral | HK$136.00M | -4.64 | -20.22% | 14.71% | -9.95% | -834.42% | |
46 Neutral | HK$880.92M | -15.33 | -12.81% | 0.53% | 13.43% | 7.72% | |
46 Neutral | HK$13.52B | -148.17 | -1.21% | 7.41% | -2.44% | 81.73% |
* Consumer Defensive Sector Average
HK:2145
Shanghai Chicmax Cosmetics Co., Ltd. Class H
22.66
-60.79
-72.85%
HK:1044
Hengan International Group Co
21.08
-4.88
-18.80%
HK:0157
Natural Beauty Bio-Technology
0.44
-0.10
-18.52%
HK:6993
Blue Moon Group Holdings Ltd.
2.43
-0.36
-13.03%
HK:2593
Herbs Generation Group Holdings Limited Class H
1.02
-0.17
-14.29%
HK:6883
Eternal Beauty Holdings Limited
2.03
0.06
3.05%
Shanghai Chicmax Cosmetics Co., Ltd. Class H Corporate Events
Shanghai Chicmax Grants Seventh Round of Restricted Share Units to Key Employees
Oct 8, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has executed the seventh round of grants under its restricted share unit scheme, issuing 49,642 RSUs, equal to about 0.02% of its share capital, to two employees at a nominal consideration of RMB1.00 per unit. T...
Shanghai Chicmax Updates Board Roles and Committee Structure
Sep 23, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has released an updated list of its board of directors, detailing the composition of executive, independent non-executive, and employee representative directors. The announcement confirms Lyu Yixiong as chairper...
Shanghai Chicmax Shareholders Back Governance Changes and H-Share Buyback Mandate
Sep 23, 2026
Shanghai Chicmax Cosmetic Co., Ltd. reported the results of its first extraordinary general meeting of 2026, held in Shanghai with shareholders representing about 84.33% of voting shares in attendance. The meeting was duly convened under PRC compa...
Shanghai Chicmax Calls 2026 EGM to Vote on Governance and Share Repurchase Mandates
Sep 3, 2026
Shanghai Chicmax Cosmetic Co., Ltd. has convened its first extraordinary general meeting of 2026 to be held in Shanghai on 23 September, where shareholders will vote on key corporate governance and capital management matters. The agenda includes a...
Shanghai Chicmax Profit Plunges as KANS Hit by Market Headwinds, R&D Push Continues
Aug 27, 2026
Shanghai Chicmax reported weaker interim results for the six months ended 30 June 2026, as revenue fell 8.6% year-on-year to RMB3.76 billion and gross profit declined 7.1% to RMB2.88 billion. Profit for the period slumped 77.4% to RMB125.7 million...
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...
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.