On the evening of March 29th, Winona’s parent company, Botanee (300957.SZ), released its annual report for 2022, showing a 24.65% year-over-year increase in revenue to RMB 5.013 billion ($759 million), a 21.82% year-over-year increase in net profit attributable to shareholders of listed companies to RMB 1.051 billion ($159 million), and a slight decrease of 0.80 percentage points in sales gross margin to 75.21%.
In March 2021, Botanee successfully went public on the Shenzhen Stock Exchange’s ChiNext board, becoming the first efficacious Chinese skincare brand to be listed. …
