MAO GEPING: RESULTS ANNOUNCEMENT FOR THEYEAR ENDED DECEMBER 31, 2024

Mao Ge Ping Cosmetic announced the annual results for the year ending December 31, 2024. During the year, the company achieved revenue of 3.8847 billion yuan, a year-on-year increase of 34.6%; net profit of 0.8813 billion yuan, a year-on-year increase of 32.8%; gross margin remained at a high level of 84.4%. The Board of Directors recommended a final dividend of 0.72 yuan per share, totaling approximately 0.3529 billion yuan in dividends.The company's online and offline direct sales business performed strongly, generating revenue of 1.4286 billion yuan and 1.757 billion yuan respectively, while Dealers and retail partner channels contributed revenue of 0.1918 billion yuan. In terms of business expansion, the company has established market layouts in seven major regions in China and successfully entered the Hong Kong...Show More

Mao Ge Ping Cosmetic announced the annual results for the year ending December 31, 2024. During the year, the company achieved revenue of 3.8847 billion yuan, a year-on-year increase of 34.6%; net profit of 0.8813 billion yuan, a year-on-year increase of 32.8%; gross margin remained at a high level of 84.4%. The Board of Directors recommended a final dividend of 0.72 yuan per share, totaling approximately 0.3529 billion yuan in dividends.The company's online and offline direct sales business performed strongly, generating revenue of 1.4286 billion yuan and 1.757 billion yuan respectively, while Dealers and retail partner channels contributed revenue of 0.1918 billion yuan. In terms of business expansion, the company has established market layouts in seven major regions in China and successfully entered the Hong Kong market, continuously expanding geographical coverage.The company emphasizes sustainable development, investing 32.3 million yuan in R&D during the year, focusing on Eco-friendly Concept product development. In terms of environmental performance, greenhouse gas emission intensity was 0.34 tons of carbon dioxide equivalent per one million yuan of revenue, and a climate risk management system was implemented. At the same time, the company actively fulfills social responsibility, with a total charitable donation of 2.86 million yuan throughout the year, and partnered with the Shanghai Cao Peng Public Welfare Fund to launch an autism care project.