1318.HK
Topsport is a consumer company

Cosmetics seller Mao Geping Cosmetics Co. Ltd (1318.HK) said on Tuesday it expects to report revenue between 2.57 billion yuan ($358 million) and 2.6 billion yuan for the first half of this year, up 30.4% to 31.9% from a year earlier, while its net profit will be in the 665 million yuan to 675 million yuan range, up 35% to 37%.

The company did not specify a reason for the growth, only stating that it has consistently adhered to a business philosophy of “generating value for consumers” and has continued to provide beauty enthusiasts with high-quality products and services. Growing consumer recognition of Mao Geping as a premium brand continues to translate to new momentum for the company, driving steady overall business improvement.

Shares of Mao Geping opened up 3.4% at HK$101.50 on Wednesday. The stock has more than tripled since its trading debut last year.

By Lau Chi Hang

To subscribe to Bamboo Works weekly free newsletter, click here

Recent Articles

Juhui makes mixed seasonings

Juhui rides domestic catering boom to Hong Kong IPO

The Chongqing-based maker of compound seasonings for restaurants hopes to follow in the footsteps of rival Haitian’s $1.28 billion listing last year Key Takeaways: Juhui has filed for a Hong…