The Third Quarter Report in 2023
Stock Code: 603605 Stock Abbreviation: Proya
Bond Code: 113634 Bond Abbreviation: Proya Convertible Bond
Proya Cosmetics Co., Ltd.
The Third Quarter Report in 2023
The Board of Directors and all directors of the Company warrant that this
announcement does not contain any false records, misleading statements or material
omissions, and shall be legally liable for the truthfulness, accuracy and completeness
of the contents herein contained.
Important Note:
The Board of Directors, Board of Supervisors, directors, supervisors, and senior management of the
Company warrant that this Quarterly Report is authentic, accurate and complete, and does not contain any
false records, misleading statements or material omissions, and that they will be jointly and severally liable
therefor.
The CEO, CFO and the head of accounting department (accounting chief) of the Company warrant that
all financial statement information in the Quarterly Report is authentic, accurate and complete.
Have the financial statements for the third quarter been audited?
□ Yes √ No
I. Key Financial Data
(I) Key accounting data and financial indicators
Unit: Yuan Currency: RMB
YOY change
in the period
YOY From the
from the
change in beginning of the
The Reporting beginning of
Item the year to the end of
Period the year to the
Reporting the Reporting
end of the
Period (%) Period
Reporting
Period（%）
Operating revenue 1,621,577,872.94 21.36 5,248,569,751.16 32.47
Net profit attributable to
shareholders of the listed 246,469,143.36 24.24 745,963,141.07 50.60
company
The Third Quarter Report in 2023
Net profit attributable to
shareholders of the listed
company, net of non-
recurring profit and loss
Net cash flow from
N/A N/A 799,016,528.87 3.52
operating activities
Basic earnings per share
(RMB per share)
Diluted earnings per
share (RMB per share)
Decrease by
Up by 3.01
Weighted average ROE 0.37
(%) percentage
points
point
Change at the
end of the
End of the Reporting
End of prior year
Reporting Period Period over the
end of prior
year（%）
Total assets 6,875,342,521.69 5,778,071,824.19 18.99
Owner's equity
attributable to
shareholders of the listed
company
Note: “The Reporting Period” refers to the three-month period from the beginning of this quarter to the
end of this quarter, as follows.
(II) Items and amounts of non-recurring profit and loss
Unit: Yuan Currency: RMB
Amount in the period
Amount in the from the beginning of
Item Remarks
Reporting Period the year to the end of
the Reporting Period
Gains and losses from -217,694.21
disposal of non-current
assets
Unauthorized approval,
or no formal approval,
or occasional tax
refund or relief
Government subsidies 1,038,608.03 35,677,684.26
included in profit or
loss for the current
The Third Quarter Report in 2023
period , except for
those closely related to
the Company's normal
operation and granted
constantly at a fixed
amount or quantity
according to certain
standard based on state
policies
Fund occupation fees
payable by non-
financial businesses
including profit and
loss in the current
period
Income generated in
case the investment
cost of acquiring any
subsidiary, associates
and joint venture is less
than the net fair value
of the investee's
identifiable assets when
an investment is
acquired
Gains or losses on
exchange of non-
monetary assets
Gains or losses on
authorizing others to
invest or manage assets
Provisions for various
asset impairments due
to force majeure factors
such as natural
disasters
Profit and loss on
restructuring of debts
Restructuring expenses,
such as re-settlement
expenses and
integration cost
Profit and loss in
excess of the fair value
The Third Quarter Report in 2023
generated from
obviously unfairly
priced transactions
Net current profit and
loss of subsidiaries
generated from the
merger of companies
under common control
from the beginning of
the period to the date of
merger
Profit and loss arising
from contingent events
unrelated to the
Company's normal
operations
Profit and loss from
changes in fair value
arising from the
holding of trading
financial assets,
derivative financial
assets, trading financial
liabilities and
derivative financial
liabilities, and
investment gain from
the disposal of trading
financial assets,
derivative financial
assets, trading financial
liabilities, derivative
financial liabilities and
other debt investments,
except for effective
hedging business
related to the
Company's normal
operations
Reversal of provision 421,794.92
for impairment of
receivables and
contract assets
The Third Quarter Report in 2023
individually tested for
impairment
Profit and loss from
entrusted loans
Profit and loss arising
from changes in the fair
value of investment
property subsequently
measured with the fair
value model
Impact of one-time
adjustments on the
current profit and loss
according to the
requirements of tax and
accounting laws and
regulations on the
current profit and loss
Custody fee income
from entrusted
operations
Other non-operating -1,216,705.15 -2,090,032.50
revenue and expenses
other than the items
mentioned above
Other profit and loss
items under the
definition of non-
recurring profit and
loss
Less: Income tax 132,904.48 7,771,472.94
impact
Impact of minority 216,094.61 5,945,230.30
interests (after tax)
Total -527,096.21 20,075,049.23
Description of non-recurring profit and loss items defined in the Explanatory Announcement No. 1 on
Information Disclosure for Companies Offering Their Securities to the Public - Non-recurring Profit and
Loss defined as recurring profit and loss items
□ Applicable √ Not applicable
(III) Changes in key accounting data and financial indicators and reasons
√ Applicable □ Not applicable
The Third Quarter Report in 2023
Item Change ratio (%) Primary reasons
Mainly because: 1. Operating
Operating revenue (From the
revenue from online channel
beginning of the year to the end of 32.47
increased YOY; 2. Brands in the
the Reporting Period)
second growth curve grew rapidly.
Mainly because: 1. Total profit
increased by 57.59% YOY:
Operating revenue increased by
Net profit attributable to 32.47% YOY, gross profit
shareholders of the listed company increased by 35.81% YOY (gross
(From the beginning of the year to profit margin increased YOY), and
the end of the Reporting Period) expenses for four items for the
period increased by 32.15% YOY.
or RMB270.74million YOY.
Net profit attributable to
shareholders of the listed company,
net of non-recurring profit and loss 52.18 The same as above.
(From the beginning of the year to
the end of the Reporting Period)
II. Shareholders Information
(I) Statement of the total number of ordinary shareholders, the number of preferred shareholders with
restored voting rights, and the shareholding of top 10 shareholders
Unit: Share
Total number of ordinary Total number of preferred shareholders
shareholders by the end of 21,207 with restored voting rights as of the end 0
the Reporting Period of the Reporting Period (if any)
Shareholdings of top 10 shareholders
Number of Pledged, marked
shares held or frozen
Nature of Number of Shareholding
Name of shareholder with
shareholder shares held ratio (%)
restrictions Share Number
on sales status
Domestic
HOU Juncheng 136,739,037 34.46 0 None
natural person
HKSCC Other 77,444,664 19.52 0 None
Domestic 17,041,
FANG Yuyou 59,625,258 15.03 0 Frozen
natural person 269
The Third Quarter Report in 2023
Aberdeen Standard
Investments (Asia)
Limited - Aberdeen Other 5,491,413 1.38 0 None
Standard - China A-Share
Equity Fund
CCB - CUAM Consumer
Industry Hybrid Securities Other 4,400,018 1.11 0 None
Investment Fund
ICBC - Invesco Great
Wall Emerging Growth
Other 3,332,000 0.84 0 None
Hybrid Securities
Investment Fund
TEMASEK
FULLERTON ALPHA Other 2,983,902 0.75 0 None
PTE LTD
GIC PRIVATE LIMITED Other 2,801,197 0.71 0 None
National Social Security
Other 2,489,742 0.63 0 None
Fund Portfolio 109
China Life Insurance
Company Limited -
Traditional - General Other 1,874,497 0.47 0 None
insurance products - 005L
- CT001 Hu
Shareholdings of top 10 shareholders without restrictions on sales
Type and number of shares
Name of shareholder Number of unrestricted tradable shares held Type of Number
shares
RMB
HOU Juncheng 136,739,037 ordinary 136,739,037
shares
RMB
HKSCC 77,444,664 ordinary 77,444,664
shares
RMB
FANG Yuyou 59,625,258 ordinary 59,625,258
shares
Aberdeen Standard
Investments (Asia) RMB
Limited - Aberdeen 5,491,413 ordinary 5,491,413
Standard - China A-Share shares
Equity Fund
The Third Quarter Report in 2023
CCB - CUAM Consumer RMB
Industry Hybrid Securities 4,400,018 ordinary 4,400,018
Investment Fund shares
ICBC - Invesco Great
RMB
Wall Emerging Growth
Hybrid Securities
shares
Investment Fund
TEMASEK RMB
FULLERTON ALPHA 2,983,902 ordinary 2,983,902
PTE LTD shares
RMB
GIC PRIVATE LIMITED 2,801,197 ordinary 2,801,197
shares
RMB
National Social Security
Fund Portfolio 109
shares
China Life Insurance
Company Limited - RMB
Traditional - General 1,874,497 ordinary 1,874,497
insurance products - 005L shares
- CT001 Hu
Association or concerted
action between the FANG Yuyou is the younger brother of HOU Juncheng's spouse FANG
shareholders mentioned Aiqin, so HOU Juncheng and FANG Yuyou are associated.
above
Top 10 shareholders and
top 10 unrestricted
shareholders participating
None
in margin financing and
securities lending and
refinancing (if any)
III. Other Notes
Other important information on the Company's operation during the Reporting Period to be made known
to investors
□ Applicable √ Not applicable
IV. Quarterly Financial Statements
(I) Type of audit opinion
□ Applicable √ Not applicable
The Third Quarter Report in 2023
(II) Financial statements
Consolidated Balance Sheet
September 30, 2023
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item September 30, 2023 December 31, 2022
Current assets:
Cash and cash equivalents 3,519,574,545.54 3,161,003,085.05
Balances with clearing agencies
Placements with banks and other financial
institutions
Held-for trading financial assets
Derivative financial assets
Bill receivable
Accounts receivable 201,147,221.97 102,157,898.41
Receivables financing 724,991.20
Prepayments 247,344,514.02 91,483,523.15
Premiums receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivable
Other receivables 11,222,939.94 73,564,083.63
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale
agreements
Inventory 1,087,705,500.14 669,051,326.73
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 61,611,483.74 49,735,996.57
Total current assets 5,129,331,196.55 4,146,995,913.54
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 132,484,844.54 138,533,377.46
Other equity instrument investments 146,402,400.00 146,402,400.00
Other non-current financial assets
Investment property 63,230,281.56 68,654,700.81
The Third Quarter Report in 2023
Fixed assets 553,708,433.05 570,376,309.67
Construction in progress 295,767,337.50 207,378,935.86
Productive biological assets
Oil and gas assets
Right-of-use assets 14,989,232.44 6,410,634.25
Intangible assets 408,546,300.29 420,316,883.26
Development cost
Goodwill
Long-term deferred expenses 21,302,279.91 19,142,604.46
Deferred tax assets 72,641,747.92 48,305,338.82
Other non-current assets 36,938,467.93 5,554,726.06
Total non-current assets 1,746,011,325.14 1,631,075,910.65
Total assets 6,875,342,521.69 5,778,071,824.19
Current liabilities:
Short-term borrowings 200,155,555.56 200,195,890.41
Borrowings from the central bank
Loans from banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities
Bills payable 56,180,884.74 69,626,352.12
Accounts payable 1,165,428,904.25 475,427,484.23
Advances from customers 85,670.30 464,328.26
Contract liabilities 137,764,033.04 174,602,833.91
Financial assets sold under repurchase
agreements
Due from customers and banks
Receivings from vicariously traded
securities
Receivings from vicariously sold securities
Employee benefits payable 100,451,240.42 124,938,749.36
Tax payable 72,726,688.95 152,918,871.45
Other payables 353,714,841.60 216,392,183.41
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within one year 3,867,523.52 2,549,452.14
Other current liabilities 5,567,497.36 10,820,499.59
Total current liabilities 2,095,942,839.74 1,427,936,644.88
Non-current liabilities:
The Third Quarter Report in 2023
Reserves for insurance contracts
Long-term borrowings
Bonds payable 748,969,592.17 724,491,557.93
Including: Preferred stock
Perpetual bonds
Lease liabilities 10,413,791.92 3,718,119.41
Long-term payables
Long-term employee benefits payable
Estimated liabilities 9,802,669.15 59,282,928.68
Deferred income 5,187,008.83 6,399,811.33
Deferred tax liabilities 24,046,079.33 19,019,431.67
Other non-current liabilities
Total non-current liabilities 798,419,141.40 812,911,849.02
Total liabilities 2,894,361,981.14 2,240,848,493.90
Owner's equity (or shareholders' equity):
Paid-in capital (or share capital) 396,823,346.00 283,519,469.00
Other equity instruments 50,895,398.33 50,903,510.12
Including: Preferred stock
Perpetual bonds
Capital reserve 858,427,824.93 914,815,786.22
Less: Treasury stock 157,302,812.46 164,976,000.00
Other comprehensive income -1,195,714.28 -1,918,603.07
Special reserve
Surplus reserve 141,759,734.50 141,759,734.50
General risk reserve
Undistributed profit 2,648,892,337.85 2,300,384,763.19
Total owner's equity (or shareholders' 3,938,300,114.87 3,524,488,659.96
equity) attributable to the parent company
Minority interests 42,680,425.68 12,734,670.33
Total owner's equity (or shareholders' 3,980,980,540.55 3,537,223,330.29
equity)
Total liabilities and owners' equity (or 6,875,342,521.69 5,778,071,824.19
shareholders' equity)
The chairman of the Company: HOU Juncheng Person in charge of accounting: WANG Li Head
of the Accounting Department: WANG Li
Consolidated Income Statement
January to September 2023
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
The Third Quarter Report in 2023
The first three quarters of The first three quarters of
Item
I. Gross revenue 5,248,569,751.16 3,962,074,031.96
Including: Operating revenue 5,248,569,751.16 3,962,074,031.96
Interest income
Earned premium
Fee and commission income
II. Total operating expenses 4,204,094,774.90 3,246,045,594.62
Including: Operating expenses 1,512,852,437.64 1,211,286,056.12
Interest expenses
Fee and commissions expenses
Surrender value
Net claims paid
Net provision for insurance
liability reserves
Bond insurance expenses
Reinsurance expenses
Taxes and surcharges 48,632,492.30 35,018,710.91
Sales expenses 2,271,124,330.57 1,700,908,422.25
Administrative expenses 286,657,915.37 235,718,481.10
R&D expenses 128,863,076.27 95,367,183.34
Financial expenses -44,035,477.25 -32,253,259.10
Including: Interest expenses 8,797,332.85 9,827,780.80
Interest income 52,008,372.20 42,468,258.19
Add: Other income 36,572,192.15 23,810,575.67
Investment income (“-” for losses) -1,623,342.48 -6,661,294.54
Including: Income from -2,290,416.07 -6,658,316.04
investment in associates and joint
ventures
Gains from derecognition of
financial assets measured at
amortized cost
Exchange gains (“-” for losses)
Net exposure hedging gains (“-”
for losses)
Income from changes in fair value
(“-” for losses)
Credit impairment losses (“-” for 2,173,909.38 2,180,709.67
losses)
Asset impairment losses (“-” for -99,139,522.86 -113,537,444.60
losses)
The Third Quarter Report in 2023
Gains from disposal of assets (“-” -217,694.21
for losses)
III. Operating profit (“-” for 982,240,518.24 621,820,983.54
losses)
Add: Non-operating revenue 3,145,759.06 612,654.73
Less: Non-operating expenses 5,914,535.33 916,605.93
IV. Total profit (“-” for total 979,471,741.97 621,517,032.34
losses)
Less: Income tax expenses 204,524,682.76 117,310,409.13
V. Net profit (“-” for net losses) 774,947,059.21 504,206,623.21
(I) Classified by continuity as a going concern
going concern (“-” for net losses)
a going concern (“-” for net
losses)
(II) Classified by ownership
shareholders of the parent
company (“-” for net losses)
for net losses)
VI. Other comprehensive income, 722,888.79 -364,148.31
net of tax
(I) Other comprehensive income 722,888.79 -364,148.31
(net of tax) attributable to owners
of the parent company
that cannot be reclassified to profit
or loss
(1) Changes in re-measurement of
defined benefit plans
(2) Other comprehensive income
that cannot be reclassified into
profit or loss under the equity
method
(3) Changes in the fair value of
other equity instrument
investments
(4) Changes in the fair value of
the Company's own credit risks
The Third Quarter Report in 2023
that will be reclassified into profit
or loss
(1) Other comprehensive income
that can be reclassified into profit
or loss under the equity method
(2) Changes in the fair value of
other debt investments
(3) Amount of financial assets
reclassified into other
comprehensive income
(4) Provision for credit
impairment of other debt
investments
(5) Cash flow hedging reserve
(6) Differences in translation of 722,888.79 -364,148.31
foreign currency financial
statements
(7) Others
(II) Other comprehensive income
(net of tax) attributable to
minority shareholders
VII. Total comprehensive income 775,669,948.00 503,842,474.90
(I) Total comprehensive income 746,686,029.86 494,951,008.87
attributable to owners of the
parent company
(II) Total comprehensive income 28,983,918.14 8,891,466.03
attributable to minority
shareholders
VIII. Earnings per share:
(I) Basic earnings per share (RMB 1.87 1.76
per share)
(II) Diluted earnings per share 1.85 1.74
(RMB per share)
In the case of merger under common control in the current period,net profit realized by the merged party
before the merger was RMB0.00, and net profit realized by the merged party for the previous period was
RMB0.00.
The chairman of the Company: HOU Juncheng Person in charge of accounting: WANG Li Head
of the Accounting Department: WANG Li
The Third Quarter Report in 2023
Consolidated Cash Flow Statement
January to September 2023
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item The first three quarters The first three quarters
of 2023 (Jan. to Sep.) of 2022 (Jan. to Sep.)
I. Cash flows from operating activities:
Cash receipts from sales of goods and 5,548,852,049.32 4,420,753,595.68
rendering of services
Net increase in deposits from customers
and due to banks and other financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other financial
institutions
Cash received from premiums under
original insurance contracts
Net cash received from reinsurance
operations
Net increase in deposits and investments
from policyholders
Cash received from interest, fees and
commissions
Net increase in loans from banks and other
financial institutions
Net increase in repurchase operations
Net cash received from vicariously traded
securities
Tax refund received 7,955,028.14 5,217,273.91
Other cash received relating to operating 163,946,919.02 94,308,291.64
activities
Subtotal of cash inflows from operating 5,720,753,996.48 4,520,279,161.23
activities
Cash paid for purchasing goods and 1,403,830,030.60 1,333,409,994.35
accepting labor services
Net increase in loans and advances to
customers
Net increase in deposits with the central
bank and other banks
Cash paid for original insurance contract
claims
The Third Quarter Report in 2023
Net increase in placements with banks and
other financial institutions
Cash paid for interest, fees and
commissions
Cash paid for policy dividends
Cash paid to and for employees 492,793,046.51 381,128,046.79
Cash paid for taxes and surcharges 720,756,917.19 398,116,900.07
Other cash paid relating to operating 2,304,357,473.31 1,635,750,886.35
activities
Subtotal of cash outflows from operating 4,921,737,467.61 3,748,405,827.56
activities
Net cash flow from operating activities 799,016,528.87 771,873,333.67
II. Cash flows from investing activities:
Cash back on investments
Cash received from investment income
Net cash received from the disposal of 338,439.51
fixed assets, intangible assets and other
long-term assets
Net cash received from the disposal of 3,018,142.61
subsidiaries and other units
Other cash received relating to investing
activities
Subtotal of cash inflows from investing
activities
Cash paid for the acquisition and 147,851,445.94 98,040,024.48
construction of fixed assets, intangible
assets and other long-term assets
Cash paid for investments 6,818,181.82 104,185,427.27
Net increase in pledge loans
Net cash paid for the acquisition of
subsidiaries and other units
Other cash paid relating to investing
activities
Subtotal of cash outflows from investing 154,669,627.76 202,225,451.75
activities
Net cash flows from investing activities -151,313,045.64 -202,225,451.75
III. Cash flows from financing activities:
Cash received from attraction of 165,676,000.00
investments
Including: Cash received from attraction of 700,000.00
investments from minority shareholders
Cash received from borrowings 200,000,000.00 200,000,000.00
The Third Quarter Report in 2023
Other cash received relating to financing
activities
Subtotal of cash inflows from financing 200,000,000.00 365,676,000.00
activities
Cash paid for debt repayments 200,000,000.00 200,000,000.00
Cash paid for distribution of dividends and 250,827,139.38 178,569,824.95
profits or payment of interests
Including: Dividends and profits paid by
subsidiaries to minority shareholders
Other cash paid relating to financing 9,931,260.23 45,800,000.00
activities
Subtotal of cash outflows from financing 460,758,399.61 424,369,824.95
activities
Net cash flows from financing activities -260,758,399.61 -58,693,824.95
IV. Effect of changes in exchange rates -318,571.65 -364,148.31
on cash and cash equivalents
V. Net increase in cash and cash 386,626,511.97 510,589,908.66
equivalents
Add: Beginning balance of cash and cash 3,125,333,085.05 2,378,334,768.09
equivalents
VI. Ending balance of cash and cash 3,511,959,597.02 2,888,924,676.75
equivalents
The chairman of the Company: HOU Juncheng Person in charge of accounting: WANG Li Head
of the Accounting Department: WANG Li
The initial implementation of the new accounting standards from 2023 by adjusting the financial
statements at the beginning of the year of initial implementation
□ Applicable √ Not applicable
End of the announcement.
Board of Directors of Proya Cosmetics Co., Ltd
October 23, 2023
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