FOREST CABIN (02657) expected to increase net profit by 90.6% to 93.3% by 2025, United Meile accelerates the layout of the medical beauty perioperative track.

On March 13, "the leading stock of domestic high-end skincare" FOREST CABIN (02657) released a performance announcement. In 2025, the company is expected to achieve revenue of approximately RMB 24.0 billion to 24.5 billion, an increase of 98.3% to 102.5% year-on-year; achieve net profit of approximately RMB 3.56 billion to 3.61 billion, an increase of 90.6% to 93.3% year-on-year; achieve adjusted net profit of approximately RMB 3.96 billion to 4.01 billion, an increase of 97.8% to 100.3% year-on-year. This is the first annual performance forecast disclosed by FOREST CABIN after its listing, demonstrating the continuous growth momentum of domestic high-end skincare brands in the context of quality upgrade in the Chinese consumer market. As the pioneer of the "nourishing the skin with oil" concept, FOREST CABIN's core technology DRIVE is based on cellular anti-wrinkle technology, deepening its high-end skincare track, and gradually building a multi-category product matrix covering categories such as essential oils, toners, creams, masks, and sunscreen. It is the only domestic representative among the top 15 high-end skincare brands in China (including international brands). On December 30th last year, FOREST CABIN successfully listed on the main board of the Hong Kong Stock Exchange, opening a new chapter in the company's development. After the listing, the company continued to promote product innovation and upgrades, accelerating the expansion of new skincare scenes. According to market insiders, FOREST CABIN is planning to enter the whitening track and is expected to launch a new "nourishing white with oil" series in April. At the same time, the high-end version 6.0 of camellia essential oil has also started development. In terms of online channels, FOREST CABIN has also performed well, ranking seventh in this year's "Douyin 3.8 Festival Domestic Skincare Brand List," with impressive single-product sales, winning multiple championships such as the "Douyin 2026 Spring Festival Anti-wrinkle Essence Cream List" and the "2025 Double 11 Facial Essential Oil Aromatherapy Category List and Toner Category List." It is worth noting that recently, FOREST CABIN has also reached a strategic cooperation with Meilei Group, China's largest professional medical beauty institution. It is reported that the two parties will jointly develop functional skincare products suitable for pre and post-medical beauty projects, fill the gap in the market for specialized "postoperative care" products, and jointly build a research and development platform to explore technical reserves for medical devices and even medicinal cosmetics. In addition, FOREST CABIN also plans to launch a high-end sub-brand exclusively for professional medical beauty channels, entering the professional medical beauty scene with an independent brand image. Industry insiders generally believe that this strategic cooperation may help FOREST CABIN achieve a strategic leap towards a "medical research co-creation platform." With the utilization of clinical data resources from medical beauty institutions, the company is expected to achieve more precise product development and efficacy validation, further strengthen research and development barriers and market competitiveness, and open up new development space for brand long-term growth.