Chinese Skincare Group Sees Shares Pop 244% on Debut - SolidRumor.com

Chinese Skincare Group Sees Shares Pop 244% on Debut

 Chinese Skincare Group Sees Shares Pop 244% on Debut

A range of products from Winona. Winona

Yunnan Botanee Group, the parent company of top Chinese dermatological skincare brand Winona, closed up 244 percent yesterday on its opening day of trading on ChiNext board, a Nasdaq-style index on the Shenzhen stock exchange, raising 3 billion yuan ($458.9 million).

Botanee was established in 2010, and its Winona brand (which accounts for as much as 99 percent of the group’s sales revenue) has become known as the best-selling brand for sensitive skin in China.

In 2020, Botanee’s revenue was 2.69 billion yuan ($411.28 million), a year-on-year increase of 38.49 percent with net profit of 540 million yuan ($82.56 million), a year-on-year increase of 31.94 percent.

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