Medical aesthetic products. China Tourism Group Duty Free Corporation FY2022: profit plunges 47.95 percent

THE WHAT? China Tourism Group Duty Free Corporation has reported its preliminary results for fiscal 2022, according to a report published by China Travel News. The parent company of China Duty Free Group saw profit plunge 47.95 percent yoy to CNY5.025 billion after the now-lifted COVID-restrictions wiped out travel for the bulk of the year.

THE DETAILS A breakdown of revenues and costs will follow with the publication of the company’s final results in April. Operating income fell 19.52 percent to CNY54.463 billion.

THE WHY? As the company noted, multiple outbreaks led to a sharp drop in the company’s key channel customers with stores forced to close multiple times and logistics operations interrupted. However, with all restrictions now lifted, hopes are high for a recovery for the beleaguered travel sector in 2023.

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.