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GROUP INDEX

Mainland China Group View

Market context and cross-brand performance comparison

CHINA BEAUTY MARKET

Market Overview

Consumer Confidence Index128.7
+0.4%vs. Feb 2026

Beauty Market Value CNY Bn

ChannelMar '26Feb '26Change
E-commerce1.91.7+11.8%
Direct Retail0.80.7+14.3%
KA0.50.50.0%

Market Share by Brand Tier

Core3 brands
Brand 112.4%+1.2 pts
Brand 210.8%+0.8 pts
Brand 38.9%-0.4 pts
Next5 brands
Brand 47.1%+1.0 pts
Brand 56.8%+1.4 pts
Brand 65.7%+0.9 pts
Brand 74.9%-0.2 pts
Brand 84.2%-0.3 pts
GROUP INDEX

Growth Index

79.7
+1.0%vs. Feb 2026
BrandIndexLast 6 MonthsOctNovDecJanFebMarYoYCompare

Core 3 brands

Next 5 brands

GROUP INDEX

Health Index

73.6
-0.2%vs. Feb 2026
BrandIndexLast 6 MonthsOctNovDecJanFebMarYoYCompare

Core 3 brands

Next 5 brands