Yunnan Botanee Group, the parent company of top Chinese dermatological skincare brand Winona, closed up 244 percent yesterday on its opening day of trading on ChiNext board, a Nasdaq-style index on the Shenzhen stock exchange, raising 3 billion yuan ($458.9 million).

Botanee was established in 2010, and its Winona brand (which accounts for as much as 99 percent of the group’s sales revenue) has become known as the best-selling brand for sensitive skin in China.

In 2020, Botanee’s revenue was 2.69 billion yuan ($411.28 million), a year-on-year increase of 38.49 percent with net profit of 540 million yuan ($82.56 million), a year-on-year increase of 31.94 percent.