Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145) AI Stock Analysis

• Market Cap: HK$28.47B
• Dividend Yield: 2.39%
• Average Volume (3M): 2.11M
• Price to Earnings (P/E): 32.4
• Beta (1Y): 0.93
• Revenue Growth: 59.83%
• EPS Growth: 68.29%
• Country: HK
• Employees: 2,086
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Household & Personal Products
• EPS (TTM): 2.13
• Shares Outstanding: 206,272,380
• 10 Day Avg. Volume: 2,378,908
• 30 Day Avg. Volume: 2,108,679
• PEG Ratio: 21.00
• Price to Book (P/B): 11.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 263.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$62.00
• Price Target Upside: -10.14% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Shanghai Chicmax Cosmetics shows strong financial performance with robust revenue growth and profitability, complemented by a solid balance sheet. However, cash flow management needs improvement. The stock's technical indicators show strong upward momentum, while the valuation indicates a fair price relative to earnings, with a decent dividend yield. Overall, the company is well-positioned but should focus on enhancing cash flow stability.

Shanghai Chicmax Cosmetics Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145) is a prominent player in the cosmetics industry, specializing in the development, production, and distribution of a diverse range of beauty and personal care products. Headquartered in Shanghai, the company caters to a broad consumer base with its extensive portfolio that includes skincare, haircare, and makeup products. Chicmax emphasizes innovation and quality, leveraging advanced technology and research to create products that meet the evolving needs of its customers.

How the Company Makes Money

Shanghai Chicmax Cosmetics Co., Ltd. generates revenue primarily through the sale of its beauty and personal care products across various channels, including retail stores, e-commerce platforms, and third-party distributors. The company's key revenue streams include direct sales to consumers via its branded retail outlets and online sales through its official website and major e-commerce platforms. Additionally, Chicmax engages in strategic partnerships with retailers and beauty salons to expand its market reach. The company's earnings are further bolstered by its investment in research and development, which enables it to introduce innovative products that attract a growing customer base, thereby enhancing its competitive edge and market share.

Shanghai Chicmax Cosmetics Co., Ltd. Class H Financial Statement Overview

Summary

Shanghai Chicmax Cosmetics demonstrates strong revenue growth and profitability, supported by a stable balance sheet with controlled leverage. However, cash flow management remains an area for improvement, with the need to ensure consistent operating cash flow. The company is in a good position but should focus on enhancing cash flow stability.

Income Statement

Shanghai Chicmax Cosmetics has shown impressive revenue growth, with a significant increase from 2023 to 2024. The gross profit margin and net profit margin are robust, indicating strong profitability. EBIT and EBITDA margins are also healthy, reflecting efficient operations. Overall, the income statement reflects a strong growth trajectory and profitability.

Balance Sheet

The company maintains a solid equity position with a high equity ratio, indicating financial stability. The debt-to-equity ratio is relatively low, suggesting modest leverage. However, the return on equity is moderate, indicating room for improvement in generating returns on shareholders' equity.

Cash Flow

The cash flow situation shows mixed results. While the company has had positive free cash flow in recent years, the absence of operating cash flow in 2024 raises concerns about cash flow management. The free cash flow to net income ratio is not calculable for 2024, indicating potential volatility.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.79B	4.19B	2.68B	3.62B	3.38B
	Gross Profit
5.11B	3.02B	1.70B	2.36B	2.19B
	EBIT
732.49M	424.95M	220.18M	499.90M	368.49M
	EBITDA
752.09M	676.04M	268.88M	587.99M	403.95M
	Net Income Common Stockholders
781.21M	461.10M	147.10M	338.89M	203.46M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
732.71M	914.50M	1.15B	157.26M	158.46M
	Total Assets
3.60B	3.13B	3.15B	2.27B	2.22B
	Total Debt
111.67M	165.57M	728.20M	285.04M	544.10M
	Net Debt
-347.78M	-532.12M	-419.51M	139.83M	389.91M
	Total Liabilities
1.36B	1.10B	1.44B	1.32B	1.64B
	Stockholders Equity
2.19B	2.01B	1.71B	949.98M	578.95M
Cash Flow		Free Cash Flow
304.38M	657.69M	-23.51M	269.46M	124.56M
	Operating Cash Flow
546.95M	746.16M	36.56M	335.19M	265.97M
	Investing Cash Flow
0.00	-457.49M	-66.78M	-55.29M	-6.95M
	Financing Cash Flow
-595.67M	-737.21M	1.03B	-289.56M	-239.93M

Shanghai Chicmax Cosmetics Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 69.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 69 is above the 20-day moving average (MA) of 64.29, above the 50-day MA of 52.74, and above the 200-day MA of 39.63, indicating a bullish trend. The MACD of 5.63 indicates Positive momentum. The RSI at 61.86 is Neutral, neither overbought nor oversold. The STOCH value of 70.56 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2269	78 Outperform	$96.47B	27.24	8.17%	―	7.52%	-1.92%
2145	77 Outperform	HK$28.47B	32.42	37.28%	2.39%	59.83%	68.29%
3983	65 Neutral	HK$9.08B	7.82	5.83%	10.36%	-9.71%	-56.34%
2382	65 Neutral	HK$69.53B	23.66	11.45%	0.34%	18.80%	142.93%
Sector *	62 Neutral	$6.98B	11.38	2.86%	3.90%	2.64%	-22.07%
0661	52 Neutral	HK$787.41M	18.33	1.31%	―	26.83%	―
1313	50 Neutral	HK$11.80B	31.53	0.79%	1.61%	―	―

Shanghai Chicmax Cosmetics Co., Ltd. Class H Corporate Events

Shanghai Chicmax Forms Joint Venture to Expand Cosmetics Market

Shanghai Chicmax Cosmetics Co., Ltd. has announced the formation of a joint venture with several parties, including Ms. Song Yang and Shanghai Qingdao, with a total registered capital of RMB10,000,000. The company will hold a 51% stake in the venture, which aims to expand its market presence in the cosmetics industry. This transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval.

Shanghai Chicmax Announces Final Dividend for 2024

Shanghai Chicmax Cosmetics Co., Ltd. has announced a final cash dividend of RMB 0.75 per share for the year ended December 31, 2024. This announcement includes details on withholding tax rates applicable to different categories of shareholders, with the payment date set for May 30, 2025. The update reflects changes in information related to withholding tax, impacting non-resident shareholders with varying tax obligations based on their country of domicile and existing tax treaties with the PRC.

Shanghai Chicmax Cosmetics Announces 2025 Annual General Meeting

Shanghai Chicmax Cosmetics Co., Ltd. has announced its upcoming Annual General Meeting, scheduled for May 6, 2025, in Shanghai. The meeting will address several key resolutions, including the approval of the 2024 work reports, profit distribution plan, auditor appointments, and remuneration plans for directors and supervisors. Additionally, a special resolution will consider amendments to the Articles of Association, highlighting the company’s ongoing efforts to adapt its governance structure. These decisions are crucial for the company’s strategic direction and could impact its operational efficiency and stakeholder relations.

Shanghai Chicmax Reports Strong Financial Growth in 2024

Shanghai Chicmax Cosmetics Co., Ltd. reported significant financial growth for the year ending December 31, 2024, with a 62.1% increase in revenue and a 74% rise in profit compared to the previous year. The company’s strategic focus on its multi-brand approach, particularly with its KANS brand, has strengthened its market position, with KANS achieving notable success in online sales and product innovation, contributing to the company’s robust performance.

Shanghai Chicmax Expands Product Offerings and Restructures Logistics

Shanghai Chicmax Cosmetics Co., Ltd. has entered into a Product Purchasing and Services Framework Agreement with Yinxi Shanghai to acquire tea products and teahouse services, marking a strategic move to diversify its product portfolio. Additionally, the company has modified its Logistics and Warehousing Service Agreement, now engaging Hangzhou Rongheng to provide these services, which reflects a restructuring of its logistics operations. These transactions, involving connected parties, are subject to specific reporting requirements under the Listing Rules, but do not require independent shareholder approval, indicating a streamlined regulatory process.

Shanghai Chicmax Announces Final Dividend for 2024

Shanghai Chicmax Cosmetics Co., Ltd. has announced a final cash dividend of RMB 0.75 per share for the financial year ending December 31, 2024. The dividend is subject to shareholder approval on May 6, 2025, with payment scheduled for May 30, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence its market positioning positively.

Shanghai Chicmax Schedules Board Meeting to Discuss Annual Results and Dividend

Shanghai Chicmax Cosmetics Co., Ltd. has announced a board meeting scheduled for March 20, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the recommendation for a final dividend payment, highlighting the company’s ongoing financial strategies and potential returns for stakeholders.

Shanghai Chicmax Projects Strong Financial Growth for 2024

Shanghai Chicmax Cosmetics Co., Ltd. has announced a positive profit alert, expecting significant revenue and profit increases for the year ended December 31, 2024. The company anticipates revenue between RMB6,700.0 million and RMB6,900.0 million, and profit between RMB750.0 million and RMB810.0 million, driven by strong performance from its skincare brands KANS and newpage.