Core Insights - The fragrance industry in China is experiencing significant growth, with the retail market size increasing from 11.4 billion RMB in 2018 to 22.9 billion RMB in 2023, reflecting a compound annual growth rate (CAGR) of approximately 15% [3] - The market is projected to reach 44 billion RMB by 2028, with a CAGR of about 14% [3] - A recent survey of 790 consumers in Hong Kong and Macau revealed a notable shift in fragrance usage habits, with 81% of respondents incorporating fragrances into their daily lives, a 9 percentage point increase from the previous year [3] Market Trends - The survey indicates that 86% of consumers prefer to extend their personal fragrance preferences to their living spaces, suggesting a transition of fragrances from luxury items to essential products for emotional and health benefits [3] - In commercial settings, 70% of consumers favor shopping spaces designed with fragrances, which can increase the time spent in stores by 58% and enhance purchase intentions by 52% [3] Emotional Health Focus - Fragrances are identified as key mediators for promoting relaxation (30%), comfort (26.8%), and tranquility (22%), addressing stress and anxiety for nearly 18% of consumers, highlighting the market's role in "emotional health" [3] - The company aims to capitalize on this trend by upgrading its "local brand matrix" and "Perfume Box retail upgrade" strategy to translate health consumption trends into scalable business outcomes [3] Strategic Initiatives - The CEO of the company stated that the fragrance industry is undergoing a transformation from decorative products to emotional health solutions [4] - The company plans to establish its first fragrance experience flagship store in Hong Kong by 2026 and open a flagship "Perfume Box" store in Shanghai by the end of 2025, aiming to provide an immersive retail experience [4] - The company is committed to leading the healthy development of the fragrance market by collaborating with various international brands and partners to promote the industry towards an "emotional health era" [4]

Core Insights - The fragrance industry in China is experiencing significant growth, with the retail market size increasing from 11.4 billion RMB in 2018 to 22.9 billion RMB in 2023, reflecting a compound annual growth rate (CAGR) of approximately 15% [3] - The market is projected to reach 44 billion RMB by 2028, with a CAGR of about 14% [3] - A recent white paper reveals a shift in consumer behavior in Hong Kong and Macau, with 81% of respondents incorporating fragrance into their daily lives, a 9 percentage point increase from the previous year [3] - The perception of fragrance is evolving from a luxury item to an essential for emotional and health well-being, with 86% of consumers extending their personal fragrance preferences to their living spaces [3] Industry Trends - The fragrance market is becoming a key medium for promoting emotional health, with 30% of consumers using fragrance for relaxation, 26.8% for comfort, and 22% for tranquility [3] - Nearly 18% of consumers use fragrance to alleviate stress and anxiety, highlighting the market's role in "emotional health" [3] - In commercial settings, 70% of consumers prefer shopping spaces designed with fragrance, which can increase dwell time by 58% and enhance purchase intent by 52% [3] Company Strategy - The company, Ying Tong Holdings, is focusing on a dual strategy of upgrading its "local brand matrix" and enhancing the "Perfume Box" retail experience to capitalize on health consumption trends [3][4] - The CEO emphasizes the industry's transition from decorative products to emotional health solutions, aiming for a comprehensive upgrade of the fragrance industry [4] - Plans include opening the first fragrance experience flagship store in Hong Kong by 2026 and a "Perfume Box" flagship store in Shanghai by the end of 2025, providing immersive retail experiences [4]

里昂发表研报称，根据沙利文报告，中国香水市场在2023年至2028年的销售额年均增长率料达14%。该 行相信，颖通控股作为大中华区销售额第三大的香水集团，将从中受惠。里昂预测，颖通控股明年3月 底止2026财政年度的销售额及净利润将分别增长17%及27%。预测2026至2028财政年度的销售额及净利 润年均复合增长率分别达16%及25%，净利润率将从2026财政年度的11.1%上升至2028财政年度的 13%，原因是香水及其他品类的市占扩张，以及DTC渠道扩张。 颖通控股(06883)尾盘涨超6%，截至发稿，涨5.42%，报2.14港元，成交额1694.42万港元。 公开资料显示，颖通控股是中国内地及港澳地区最大的香水品牌管理公司，其收入主要来源于销售外部 品牌的香水、护肤品、彩妆和个人护理等产品。招股书显示，截至3月31日，公司管理的外部品牌总数 达72个，涵盖Hermès、Van Cleef&Arpels、Chopard、Albion、Laura Mercier等多个国际知名品牌。公司 提供全面的销售及分销网络，涵盖中国(包括香港及澳门)大量的香水、护肤品、彩妆、个人护理产品、 眼镜及家居香氛的渠道。 ...

Company Overview - Ying Tong Holdings (06883) is the largest perfume brand management company in mainland China and the Hong Kong-Macau region, with revenue primarily derived from the sale of external brands' perfumes, skincare, cosmetics, and personal care products [1] - As of March 31, the company manages a total of 72 external brands, including internationally recognized names such as Hermès, Van Cleef & Arpels, Chopard, Albion, and Laura Mercier [1] - The company provides a comprehensive sales and distribution network covering a wide range of channels for perfumes, skincare, cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau [1] Industry Insights - According to a report by S&P Global, the Chinese perfume market is expected to experience an average annual growth rate of 14% from 2023 to 2028 [2] - As the third-largest perfume group by sales in Greater China, Ying Tong Holdings is positioned to benefit from this market growth [2] - Analysts predict that for the fiscal year ending March 2026, the company's sales and net profit will grow by 17% and 27%, respectively [2] - From fiscal years 2026 to 2028, the compound annual growth rates for sales and net profit are expected to reach 16% and 25%, respectively, with net profit margin increasing from 11.1% in fiscal 2026 to 13% in fiscal 2028 [2] - The growth is attributed to market share expansion in perfumes and other categories, as well as the expansion of direct-to-consumer (DTC) channels [2]

Core Viewpoint - The report from Citi indicates that the Chinese perfume market is expected to experience an annual growth rate of 14% from 2023 to 2028, benefiting companies like Ying Tong Holdings, which is the third-largest perfume group in Greater China [1] Company Summary - Ying Tong Holdings is projected to achieve a sales growth of 17% and a net profit growth of 27% for the fiscal year ending March 2026 [1] - The company is expected to see a compound annual growth rate (CAGR) in sales and net profit of 16% and 25%, respectively, from fiscal years 2026 to 2028 [1] - The net profit margin is anticipated to increase from 11.1% in fiscal year 2026 to 13% in fiscal year 2028, driven by market share expansion in perfumes and other categories, as well as the growth of direct-to-consumer (DTC) channels [1] Industry Summary - The Chinese perfume market is projected to grow significantly, with an annual growth rate of 14% from 2023 to 2028, indicating a robust demand for fragrance products in the region [1] - The expansion of DTC channels is expected to play a crucial role in the growth of the perfume market, allowing companies to reach consumers more effectively [1]

Group 1 - The core viewpoint of the article is that the Chinese perfume market is expected to experience a compound annual growth rate (CAGR) of 14% from 2023 to 2028, according to a report by Sullivan [1] - The company Ying Tong Holdings (06883) is positioned to benefit from this growth, being the third-largest perfume group by sales in Greater China [1] - The report initiates a "buy" rating for Ying Tong Holdings with a target price of HKD 3.82, based on a projected price-to-earnings ratio of 13 times for the next 12 months [1] Group 2 - The forecast for Ying Tong Holdings indicates a sales growth of 17% and a net profit growth of 27% for the fiscal year ending March 2026 [1] - From fiscal years 2026 to 2028, the company is expected to achieve a CAGR of 16% in sales and 25% in net profit, with net profit margin increasing from 11.1% in fiscal 2026 to 13% in fiscal 2028 [1] - The growth is attributed to market share expansion in perfumes and other categories, as well as the expansion of direct-to-consumer (DTC) channels [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 穎通控股有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06883 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 7,000,000,000 | HKD | | 0.001 | HKD | | 7,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 7,000,000,000 | HKD | | 0.001 | HKD | | 7,000,000 | FF301 II. 已發行股份及/或庫存股份變動 | 1. 股 ...

2024/25 環境、 社會及管治報告 Environmental, Social and Governance Report Environmental, Social and Governance Report 2024/25 穎通控股有限公司 Eternal Beauty Holdings Limited Contents 目錄 HKEX ESG REPORTING GUIDE CONTENT INDEX 43 香港聯交所《環境、社會及管治 報告指引》索引 ABOUT THE REPORT 2 關於本報告 OUR SUSTAINABLE STRATEGY 5 我們的可持續發展策略 OUR GREEN ACTION 13 我們的綠色行動 OUR SOCIAL AND CARING ACTION 22 我們的社會關愛行動 OUR WELLNESS ACTION 36 我們的樂活身心行動 Environmental, Social and Governance Report 環境、社會及管治報告 ABOUT THE REPORT This Environmental, Social and Governanc ...

本公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.46(2)條 註釋4而刊發。 茲提述穎通控股有限公司（「本公司」）日期為2025年6月18日之招股章程（「招股章 程」）。除文義另有所指外，本公告所用詞彙與招股章程所界定者具有相同涵義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Eternal Beauty Holdings Limited 穎通控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6883） 上市規則第13.46(2)條項下關於2025年年報的豁免 承董事會命 穎通控股有限公司 董事會主席 劉鉅榮先生 香港，2025年7月31日 於本公告日期，董事會包括：(i)執行董事劉鉅榮先生、林荊女士、劉頴賢女士及 朱維馴先生及(ii)獨立非執行董事陶志強先生、Nagy Guillaume Nicolas Sébastien 先生及Chan Soh Cheng女士。 2 上市規則第13.46(2)條規定海外發行人須 ...

Investment Rating - The report does not explicitly state an investment rating for Eternal Beauty Holdings Core Viewpoints - Eternal Beauty Holdings Limited is the largest perfume brand management company in China, established in 1983 and has been operating in the Chinese market for nearly 40 years [1][7] - The company focuses on long-term value and brand image building rather than short-term discount promotions [4][11] - The business model is primarily B2B, with 80% of operations in brand agency and distribution, while 20% is direct retail [2][8] - The company has exclusive agency rights for over 90% of brands in the Chinese market, covering a comprehensive sales network [9][10] - Eternal Beauty Holdings ranks third in the Chinese perfume market, behind international giants Chanel and LVMH, and offers a diverse range of approximately 2,000 scents across 52 perfume brands [5][12] Summary by Sections Company Overview - Eternal Beauty Holdings is headquartered in Hong Kong and officially listed on the Hong Kong Stock Exchange on June 26, 2025, with an issue price of HK$2.88 per share [1][7] Business Model - The company operates a B2B brand agency and distribution model, ensuring stable profit margins for partners and maintaining long-term relationships [2][8] - Direct retail operations are concentrated in top commercial areas of 13 cities, avoiding lower-tier city channels [2][8] Market Strategy - The company emphasizes full-channel control to maintain stable pricing and prevent market disruption [9][10] - It provides a one-stop solution for brands entering the Chinese market, leveraging its extensive network and market experience [10] Brand Management - Eternal Beauty Holdings prioritizes long-term brand value and customer mindset cultivation, collaborating with brands for over 10 years [4][11] - The company recognizes the personalized nature of perfume consumption in China and tailors its offerings accordingly [5][12]