May 2026
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Largest Health & Beauty Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Yunnan Baiyao Group, Giant Biogene, Hengan Group, Proya Cosmetics and Harbin Fuerjia Technology.
 | Yunnan Baiyao Group Co Ltd is engaged in the manufacturing and marketing of medicines, which include herbal products, daily health products, raw medicine, drug classics, and others. | $7 | -11% | $13B | $11B | 1.8x | 11.6x | ||
| Giant Biogene Holding Co Ltd design, develop and manufacture professional skin treatment products with recombinant collagen as the key bioactive ingredient. The company also develops and manufactures rare ginsenosides technology-based functional foods. The company utilizes proprietary synthetic biology technology to develop and manufacture multiple types of recombinant collagen and rare ginsenosides in-house. Bioactive ingredients offer a wealth of beauty and health properties such as skin repair, anti-aging, whitening, moisturizing and immunity improvement with a broad range of applications in the beauty and health sectors. | $4 | -61% | $4B | $3B | 3.1x | 7.0x | ||
| Hengan International is a leading producer of personal-care products in China. Its business comprises tissue paper products (close to 60% of sales), sanitary napkins (26% of sales), disposable diapers (5% of sales), and others. | $3 | +17% | $4B | $4B | 1.1x | 5.5x | ||
| Proya Cosmetics Co Ltd is engaged in the research and development, manufacture and sale of skin care and cosmetics products. Its Sells products under Proya, Uzero, Anya, Yoya, and Cats Roses brands in China. It focuses on the application of advanced marine technology, pure clean skin beautifying energy and nursing ingredients. | $9 | -34% | $3B | $3B | 1.8x | 9.3x | ||
| Harbin Fuerjia Technology Co Ltd is engaged in Research and development, production and sales of professional skin care products. Its products include face masks, toner, lotion, creams and etc. | $5 | +26% | $2B | $2B | 7.8x | 23.0x | ||
| Yunnan Botanee Bio-Technology Group Co Ltd manufactures and sells skin care and cosmetics. The company develops and sells skin care products such as creams, lotions, masks, essences, and makeup items like BB creams, isolation creams, and removers. It also produces skin care-related medical devices, including hyaluronic acid repair films and dressings, used for protecting sensitive skin and post-procedure care. | $6 | -12% | $2B | $2B | 2.4x | 15.3x | ||
| Shanghai Flyco Electrical Appliance Co Ltd is a China-based company engaged in the manufacturing and marketing of shaver and personal care electrical appliances. Its product portfolio comprises of the shaver, hair drier, hair clipper, hair straightener, hair curler, electric iron, garment steamer, lint remover, nose hair trimmer, robot vacuum cleaner and others. The company's products are sold in China and other countries. | $5 | 0% | $2B | $2B | 3.6x | 18.5x | ||
| Blue Moon has a portfolio of market-leading products in three categories: fabric care, personal hygiene, and home care. Fabric care constitutes around 90% of the group’s revenue. As a pioneer in China’s household care market, Blue Moon holds a leading market share by value in China’s liquid laundry detergent and liquid soap markets as of 2024. Blue Moon is also an early entrant into e-commerce, with the online channel contributing nearly 60% of 2024 sales. Most of Blue Moon’s core products are marketed under its namesake brand. | $0 | -22% | $2B | $2B | 1.7x | (619.9x) | ||
| Shanghai Chicmax Cosmetic Co Ltd is a China-based multi-brand cosmetics company mainly engaged in the research, development, production, and sales of skincare, maternity, and childcare products. It offers a wide range of cosmetics products under various brands, including KANS, One Leaf, and Baby Elephant. The company's products include skin care products, maternal and childcare products, toiletries, and others. The company also operates brands such as BIO-G, KYOCA, ARMIYO, TAZU, and others. | $5 | -37% | $2B | $2B | 1.5x | 8.7x | ||
| Anhui Anke Biotechnology (Group) Co Ltd is engaged in the development, manufacture, and sale of pharmaceuticals and health-care products. The Company distributes its product in both domestic and overseas markets. The company operates in more than 30 provinces in China. | $1 | -4% | $2B | $2B | 4.7x | 13.0x | ||
| Qingdao Baheal Medical Inc is engaged in providing comprehensive marketing services for pharmaceutical product manufacturers. | $3 | +30% | $2B | $2B | 1.7x | 13.9x | ||
| Perfect Group Corp Ltd is a China-based company engages in the research and development, production, and sale of dental care product. Its products include toothbrushes, dental floss, interdental brushes, dental floss sticks and denture cleaning tablets. | $4 | -- | $433M | $489M | 2.2x | 14.9x | ||
| Big Tree Cloud Holdings Ltd is a consumer-oriented, mission-driven, and technology-empowered company engaged in the development, production, distribution, and sales of personal care products and other consumer goods. Operating under a consumer-to-manufacturer and merchant (C2M) model, the company integrates online and offline operations to enhance customer engagement, product innovation, and marketing efficiency. Specializing in feminine hygiene products such as sterilized feminine pads, menstrual pants, and related items, Big Tree Cloud leverages its platform to consolidate resources within China’s personal care industry while building a consumer community that provides direct feedback and product insights. | $2 | -92% | $10M | $8M | 3.2x | (0.3x) | ||
| Median | $4 | -11% | $2B | $2B | 2.2x | 11.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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