[Market performance].

July 29 to August 2

For the week, the Shanghai Composite Index rose 0.50%, and the beauty care sector rose 2.52%.

Proya fell 3.51% this week, with a total weekly turnover of 885 million yuan, and as of the close of the week, Proya's share price was 86.67 yuan.

[Related information].

Proya can't keep talent?

Proya lost another "fierce general". With nearly 20 years of experience in cosmetics R&D, Wei Xiaolan joined Proya in September 2022, and at that time, this appointment was seen as a signal that Proya was on par with international beauty brands. It is worth noting that the current domestic beauty has entered the second half of the competition - competing for product power. While brands are stepping up efforts to attract talents to cope with market competition, Proya has seen the departure of core talents from time to time. In this way, how Proya, which lagged behind its peers in R&D investment, responded to the beauty competition in the second half became the focus of attention inside and outside the industry. There is a continuous loss of core talent. The follow-up R&D department will be led by Cao Liangguo, the company's co-founder. ”。 Xiaolan Wei joined Proya in September 2022. Prior to joining Proya, Ms. Wei had nearly 20 years of R&D experience in the global cosmetics field. In 2018, he was appointed Vice President of R&D for Asia Pacific at cosmetics giant Coty Group.

The tide rises and the tide of Zhejiang businessman Hou Juncheng: Proya's growth code and the way to stick to it

In the face of the data of 618 major platforms and the industry data in June, the beauty industry began to think big. Listed on the A-share market in 2017, Proya has maintained double-digit growth for six consecutive years, and in 2023, Proya's total revenue will reach 8.905 billion yuan, becoming the TOP1 among domestic beauty products. In 2017, the revenue was 1.783 billion, which also means that the revenue has increased nearly 4 times since the listing, while the net profit has increased nearly 5 times. Why does Proya have a steady stream of growth momentum? Where does this motivation come from? At the China Cosmetics Conference on July 30, Hou Juncheng, chairman of Proya, shared some of his thoughts in simple words in his keynote speech "Focus, Pragmatism and Innovation, Proya's Persistence", which also opened these question marks for people in the whole industry. Focus on one thing and focus on one goal.

Hou Juncheng, Chairman of Proya Co., Ltd.: How do domestic beauty companies go global?

The success of an enterprise is inseparable from the right time, place and people, and the building of a world-class excellent brand often requires many factors. Proya, a domestic cosmetics brand, is telling the story of China to the world. At the China Cosmetics Conference held on July 30, Hou Juncheng, chairman of Proya Co., Ltd., said that it is necessary to tell the story of Chinese beauty to the world and create a benchmark for China's beauty industry. It is reported that based on solid market research, Proya's brands are actively deploying overseas markets. Chinese beauty brands have been developing for many years, and there are many outstanding companies such as Proya, Juzi Biotech, Shangmei Group, and Bloomage Biotech. Hou Juncheng mentioned at the meeting that data from research institutions show that the size of China's cosmetics market will be about 548 billion yuan in 2023, and the current per capita consumption of cosmetics is close to 400 yuan.

Hou Juncheng, Chairman of Proya: The internationalization of China's beauty has become unstoppable

Recently, the 2024 (17th) China Cosmetics Conference was held in Shanghai. Hou Juncheng, chairman of Proya, said at the meeting that the internationalization of China's beauty has become an unstoppable trend. In response to opportunities and challenges, Hou Juncheng suggested that the cosmetics industry should adhere to innovation-driven and take the road of high-quality development. Hou Juncheng said that on the one hand, the industry should strengthen basic medical research and new raw material development such as skin mechanism, strengthen cooperation with well-known international and domestic universities, scientific research institutes and well-known experts, promote the transfer of high-tech to the domestic cosmetics industry, and enhance the overall research and development strength. On the other hand, the industry should strengthen the construction of technical personnel and introduce top international talents. "Cosmetics companies should pay attention to promoting the internationalization of talents and technologies, build high-quality international teams, and keep up with international technology trends, through independent research and development and international cooperation, master the core technology of the industry, and ensure that enterprises maintain a leading position in global competition." Hou Juncheng said.

After the update of the head, Shanghai Jahwa has undergone a series of personnel changes, and many senior executives have worked in L'Oreal, Coty, and Proya

After the new marshal Lin Xiaohai took office, Shanghai Jahwa (600315. SH, share price of 17.65 yuan, market value of 11.935 billion yuan) ushered in a series of senior management personnel adjustments. On the evening of July 31, Shanghai Jahwa announced that the board of directors received a written resignation from Ye Weimin, deputy general manager of the company, who resigned from the company's deputy general manager and all relevant company directors and other relevant positions for personal reasons. After the handover, Yip Weimin will be hired as an external consultant to the company. According to the data, Ye Weimin has joined Shanghai Jahwa since the time of Ge Wenyao, and has served for more than 10 years, successively serving as assistant to the general manager, director of the first and third departments of the business, deputy general manager and general manager of the mass consumer goods division. In 2017, Ye Weimin was promoted to Deputy General Manager and Chief Operating Officer of Shanghai Jahwa, where he was mainly responsible for the company's offline sales and supply chain management.

[Stock price performance of companies in the same industry - beauty care].

Code Name: Latest Price: Weekly Change: 10-Day Change, Monthly Change 300896 Aimeike171.65 Yuan3.40%0.26%-2.25%300856 Costar Shares32.17 Yuan9.12%-0.31%-1.56%603605 Proya86.67 Yuan-3.51%, -12.41%, -5.53%688363 Bloomage Biotech61.85 Yuan3.88%2.23%-0.23% 603983 Marubeni shares 22.28 yuan, -5.67%, -11.31%, -7.67%.

Source: Finance