Chando Global Holdings has restarted its Hong Kong initial public offering process after updating its listing application on April 2. The draft filing shows 2025 revenue of RMB 5.318 billion, or about $772 million, up 15.6% year on year, while net profit rose to RMB 351 million, about $51 million.
Flagship Brand Still Dominates
The filing shows the Chando brand generated 95.3% of group revenue in 2025, underlining how concentrated the business remains around its core skincare label. Online channels accounted for 69.5% of revenue, while skincare represented about 86% of total sales.
The company first filed in September 2025 and returned with an updated application after the earlier filing lapsed. Huatai International and UBS are listed as joint sponsors in the current application.
For Dewsia readers, the relevance is straightforward: Chando is testing public-market appetite for large domestic Chinese beauty groups at a time when local brands have gained share and capital markets scrutiny remains high. This final sentence is an inference based on the refiling and the company’s scale.
