Medical aesthetic products. Chicmax debuts on the Hong Kong Stock Exchange

THE WHAT? Shanghai-based skin care company Chicmax has become the first mainland China skincare company to list on the Hong Kong Stock Exchange, according to a report by WWD.com. 

THE DETAILS The company has brands such as Kans, One Leaf, Baby Elephant, Bio-G and Hanamino under its umbrella, and opened at 25.20 Hong Kong dollars (US$3.23) – raising 835 million Hong Kong dollar.

THE WHY? Chicmax is said to have eyed a listing on the Shanghai Stock Exchange in 2021, before transferring its focus to Hong Kong. 

According to a report by a Frost & Sullivan, Chicmax has been reinventing itself hero brands to align with market trends and remain afloat in an industry dominated by global companies. 

Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.

Examples of medical aesthetic products include:

• Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.

• Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.

• Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.

• Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.

• Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.

• Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.

• Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.