SHANGHAI, April 8, 2024 /PRNewswire/ -- Shanghai Juyi Cosmetics Co., Ltd. ("JOY GROUP") has unveiled its financial outcomes for the 2023 fiscal year. The Group surpassed total retail sales of US$450M (RMB 3B), accompanied by a revenue milestone of US$360M (RMB 2.61B), showcasing a remarkable year-on-year growth of 48% (excluding René Furterer). JOY GROUP now ranks No.2 among Chinese domestic players in color cosmetics, reinforcing its leading position within the industry. This achievement marks another year of JOY GROUP's sustained double-digit growth with healthy profitability, which has set JOY GROUP on the path to becoming one of China's most rapidly expanding cosmetics companies.