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Goodwill (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill by segment for the years ended December 31, 2022 and 2023 are as follows:

 

 

 

Color Cosmetics Brands

 

 

Skincare Brands

 

 

Total

 

 

 

RMB

 

Balance as of December 31, 2021

 

 

20,596

 

 

 

848,825

 

 

 

869,421

 

Increase in goodwill related to acquisition

 

 

5,266

 

 

 

-

 

 

 

5,266

 

Foreign currency translation adjustments

 

 

-

 

 

 

(17,542

)

 

 

(17,542

)

Balance as of December 31, 2022

 

 

25,862

 

 

 

831,283

 

 

 

857,145

 

Foreign currency translation adjustments

 

 

-

 

 

 

53,461

 

 

 

53,461

 

Impairment provided(i)

 

 

-

 

 

 

(354,039

)

 

 

(354,039

)

Balance as of December 31, 2023

 

 

25,862

 

 

 

530,705

 

 

 

556,567

 

 

(i)
The Group tested goodwill for impairment at reporting unit level. Management performed impairment testing of Eve Lom reporting unit using the quantitative impairment method and recorded goodwill impairment loss of RMB354.0 million for the year ended December 31, 2023. As of December 31, 2023, the gross amount, accumulated impairment losses and net
carrying amount of goodwill associated with the Eve Lom reporting unit was RMB747.0 million, RMB 354.0 million and RMB393.0 million respectively.