Maoge Ping Cosmetics, a high-end cosmetics group in China, submitted its prospectus to the Hong Kong Stock Exchange on April 8 to list on the main board. Founded by Maoge Ping in 2000, the company, jointly owned by Maoge Ping and his spouse, holds approximately 57.26% of the group’s issued share capital. Maoge Ping’s revenue increased from $243 million (1.58 billion RMB) in 2021 to $445 million (2.89 billion RMB) in 2023, with a compound annual growth rate of 35.3%. According to Frost & Sullivan data, Maoge Ping is the only Chinese company among the top 10 high-end cosmetics groups in China, ranking eighth in terms of retail sales in 2022.