The First Quarter Report in 2024
Stock Code: 603605 Stock Abbreviation: Proya
Bond Code: 113634 Bond Abbreviation: Proya Convertible Bond
Proya Cosmetics Co. Ltd.The First Quarter Report in 2024
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 Notes
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 Q1 been audited
"□ Yes" "√ No"
I. Key Financial Data
(I) Key accounting data and financial indicators
Unit: Yuan Currency: RMB
YOY change in the
Item The Reporting Period
Reporting Period (%)
Operating revenue 2181919106.72 34.56
Net profit attributable to shareholders of
302845157.1745.58
the listed company
Net profit attributable to shareholders of
the listed company net of non-recurring 292020669.63 47.50
profit and loss
Net cash flow from operating activities 430862423.81 5.15
Basic earnings per share (RMB per 0.76 46.15
1 / 16The First Quarter Report in 2024
share)
Diluted earnings per share (RMB per
0.7547.06
share)
Up by 1.20 percentage
Weighted average ROE (%) 6.89
points
Change at the end of
End of the Reporting the Reporting Period
End of prior year
Period over the end of prior
year (%)
Total assets 7748165980.55 7323078222.45 5.80
Owner's equity attributable
to shareholders of the 4495394478.16 4349545381.60 3.35
listed company
(II) Items and amounts of non-recurring profit and loss
"√ Applicable" "□ Not applicable"
Unit: Yuan Currency: RMB
Amount for the current
Items of non-recurring profit and loss Remarks
period
Gains and losses on disposal of non-current assets
including the offsetting portion with the provision -234262.41
accrued for impairment of assets
Government subsidies included in the current
profit or loss except for those closely related to
the Company's normal operation in compliance
with the requirements of national policies granted 19517508.97
according to established standards and with a
sustained impact on the Company's profits and
losses
Profit and loss from changes in fair value arising
from the holding of financial assets and liabilities
by non-financial enterprises and profit and loss
arising from the disposal of financial assets and
liabilities except for effective hedging business
related to the Company's normal operations
Fund occupation expense collected from the
non-financial enterprises included in the current
profit and loss
Gains or losses on authorizing others to invest or
manage assets
Profit and loss from entrusted loans
2 / 16The First Quarter Report in 2024
Asset losses caused by force majeure factors such
as natural disasters
Reversal of provision for impairment of
receivables individually tested for impairment
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
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
Gains or losses on exchange of non-monetary
assets
Profit and loss on restructuring of debts
One-time expenses incurred by the Company due
to the discontinuation of related operating
activities such as expenses for resettling
employees
One-time impact of the adjustment of tax
accounting and other laws and regulations on the
current profit and loss
One-time confirmation of share-based payment
fees due to cancellation or modification of equity
incentive plans
Profit and loss arising from changes in fair value
of employee compensation payable after the
exercise date for cash-settled share-based
payments
Profit and loss arising from changes in the fair
value of investment property subsequently
measured with the fair value model
Income generated from obviously unfairly priced
transactions
Profit and loss arising from contingent events
unrelated to the Company's normal operations
Custody fee income from entrusted operations
Other non-operating revenue and expenses other
715806.60
than the items mentioned above
Other profit and loss items under the definition of Gains on disposal of
non-recurring profit and loss -970.33 long-term equity
investments
3 / 16The First Quarter Report in 2024
Less: Income tax impact 4953318.45
Impact of minority interests (after tax) 4220276.84
Total 10824487.54
The reasons should be explained for the non-recurring gains and losses items with large amounts defined
by the Company but not set out in the Explanatory Announcement on Information Disclosure for
Companies Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses and the
non-recurring profit and loss items listed in Explanatory Announcement on Information Disclosure for
Companies Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses as recurring
gains and losses items."□ Applicable" "√ Not applicable"
(III) Changes in key accounting data and financial indicators and reasons
"√ Applicable" "□ Not applicable"
Change Primary reasons
Item
ratio (%)
Operating revenue 34.56 Mainly due to increased online sales.Net profit attributable to
Mainly due to: (1) YOY increase in net profit; (2) YOY
shareholders of the listed 45.58
decrease in gains or losses attributable to minority interests.company
Net profit attributable to
Mainly due to: (1) YOY increase in net profit attributable to
shareholders of the listed
shareholders of the listed company; (2) non-recurring gains
company net of 47.50
and losses attributable to shareholders of the listed
non-recurring profit and
company remaining basically unchanged YOY.loss
Basic earnings per share Mainly due to YOY increase in net profit attributable to
46.15
(RMB per share) shareholders of the listed company.Mainly due to YOY increase in net profit attributable to
Diluted earnings per share
47.06 shareholders of the listed company net of non-recurring
(RMB per share)
profit and loss.II.Shareholder 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 with
shareholders by 23713 restored voting rights as of the end of the 0
the end of the Reporting Period (if any)
Reporting Period
Shareholdings of top 10 shareholders (excluding shares lent through refinancing)
4 / 16The First Quarter Report in 2024
Number of Pledged marked or
shares held
Name of Nature of Number of Shareholding frozen
with
shareholder shareholder shares held ratio (%)
restrictions on Share Number
sales status
Domestic
HOU Juncheng n a t u ra l 1 3 6 7 3 9 0 3 7 3 4 . 4 6 0 N o n e
person
HKSCC O t h er 7 4 4 4 1 3 0 7 1 8 . 7 6 0 N o n e
Domestic
170412
FANG Yuyou n a t u ra l 5 9 6 2 5 2 5 8 1 5 . 0 3 0 F r o z e n
69
person
GIC PRIVATE
Other 6917775 1.74 0 None
LIMITED
National Social
Security Fund Other 5079356 1.28 0 None
Portfolio 109
Aberdeen
Standard
Investments
(Asia) Limited -
Other 4857413 1.22 0 None
Aberdeen Fund -
China A-Share
Sustainable
Equity Fund
CCB - CUAM
Consumer
Industry Hybrid Other 4300058 1.08 0 None
Securities
Investment Fund
ICBC - Invesco
Great Wall
Emerging
Other 3332000 0.84 0 None
Growth Hybrid
Securities
Investment Fund
TEMASEK
FULLERTON
Other 2997394 0.76 0 None
ALPHA PTE
LTD
5 / 16The First Quarter Report in 2024
China Life
Insurance
Company
Limited -
Traditional - Other 2654254 0.67 0 None
General
insurance
products - 005L
- CT001 Hu
Shareholdings of top 10 shareholders without restrictions on sales
Type and number of shares
Name of
Number of unrestricted tradable shares held Type of Number
shareholder
shares
RMB
HOU Juncheng 1 3 6 7 3 9 0 3 7 o r d in a r y 1 3 6 7 3 9 0 3 7
shares
RMB
HKSCC 7 4 4 4 1 3 0 7 o r d in a r y 7 4 4 4 1 3 0 7
shares
RMB
FANG Yuyou 5 9 6 2 5 2 5 8 o r d in a r y 5 9 6 2 5 2 5 8
shares
RMB
GIC PRIVATE
6917775 ordinary 6917775
LIMITED
shares
National Social RMB
Security Fund 5079356 ordinary 5079356
Portfolio 109 s h a re s
Aberdeen
Standard
Investments
RMB
(Asia) Limited -
4857413 ordinary 4857413
Aberdeen Fund -
shares
China A-Share
Sustainable
Equity Fund
CCB - CUAM
Consumer RMB
Industry Hybrid 4300058 ordinary 4300058
Securities shares
Investment Fund
6 / 16The First Quarter Report in 2024
ICBC - Invesco
Great Wall
RMB
Emerging
3332000 ordinary 3332000
Growth Hybrid
shares
Securities
Investment Fund
TEMASEK
RMB
FULLERTON
2997394 ordinary 2997394
ALPHA PTE
shares
LTD
China Life
Insurance
Company
Limited - RMB
Traditional - 2654254 ordinary 2654254
General shares
insurance
products - 005L
- CT001 Hu
Association or
concerted action
FANG Yuyou is the younger brother of HOU Juncheng's spouse FANG Aiqin so
between the
HOU Juncheng and FANG Yuyou are associated.shareholders
mentioned above
Top 10
shareholders and
top 10
unrestricted
The National Social Security Fund Portfolio 109 participated in the lending through
shareholdersrefinancing. For details refer to “Shareholders holding more than 5% of the sharesparticipating in
top 10 shareholders and top 10 unrestricted tradable shareholders participating in
margin financinglending of shares through refinancing”.and securities
lending and
refinancing (if
any)
Shareholders holding more than 5% of the shares top 10 shareholders and top 10 unrestricted tradable
shareholders participating in lending of shares through refinancing
"√ Applicable" "□ Not applicable"
Unit: Share
Shareholders holding more than 5% of the shares top 10 shareholders and top 10 unrestricted tradable
shareholders participating in lending of shares through refinancing
Name of Shareholdings in Shares lent but not Shareholdings in the Shares lent but not
shareholder regular and credit returned at the regular and credit returned at the end
7 / 16The First Quarter Report in 2024
(full name) accounts at the beginning of the accounts at the end of the period
beginning of the period period of the period
Total Total Ratio Total Ratio Total Ratio
Ratio (%)
number number (%) number (%) number (%)
National
Social
Security
30109740.759888000.02250793561.28073000.002
Fund
Portfolio
109
Changes in top 10 shareholders and top 10 unrestricted tradable shareholders over the previous period
due to lending or return through refinancing
"√□ Applicable" "√ Not applicable"
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"
(II) Financial statements
Consolidated Balance Sheet
March 31 2024
Prepared by: Proya Cosmetics Co. Ltd.Unit: Yuan Currency: RMB Audit type: Unaudited
Item March 31 2024 December 31 2023
Current assets:
Cash and cash equivalents 4206013215.03 4011085558.07
Provision for settlement
Lendings to banks and other
financial institutions
Held-for trading financial assets
Derivative financial assets
Bill receivable
Accounts receivable 270836706.36 344570196.54
8 / 16The First Quarter Report in 2024
Receivables financing 9029552.72 7378700.06
Prepayments 207289265.25 202870195.58
Premiums receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivable
Other receivables 80768706.84 81966213.90
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventory 1066051380.78 797215155.68
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 84175406.15 99765073.07
Total current assets 5924164233.13 5544851092.90
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 113574158.49 113574158.49
Other equity instrument
107660400.00107660400.00
investments
Other non-current financial assets
Investment property 66091147.77 66156471.91
Fixed assets 830280853.70 827350985.29
Construction in progress 87015604.75 52038642.94
Productive biological assets
Oil and gas assets
Right-of-use assets 13136326.57 14104821.34
Intangible assets 400252770.65 404688009.16
Including: Data resources
Development cost
Including: Data resources
Goodwill
Long-term deferred expenses 68991592.66 67184328.83
Deferred tax assets 128799468.68 108494364.60
Other non-current assets 8199424.15 16974946.99
9 / 16The First Quarter Report in 2024
Total non-current assets 1824001747.42 1778227129.55
Total assets 7748165980.55 7323078222.45
Current liabilities:
Short-term bank loans 200155555.56 200155555.56
Borrowings from the central bank
Loans from banks and other
financial institutions
Trading financial liabilities
Derivative financial liabilities
Bills payable 36959074.14
Accounts payable 1323031734.72 1018522358.60
Advances from customers 59484.40 30514.45
Contract liabilities 324316973.57 301014873.58
Financial assets sold under
repurchase agreements
Deposits from customers and
interbank
Receivings from vicariously
traded securities
Receivings from vicariously sold
securities
Employee benefits payable 100818457.70 166444494.43
Tax payable 262583420.43 222765869.94
Other payables 152684566.57 155345148.68
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within
3514438.323970060.11
one year
Other current liabilities 18271268.15 15022173.42
Total current liabilities 2385435899.42 2120230122.91
Non-current liabilities:
Reserves for insurance contracts
Long-term bank loans
Bonds payable 761659403.76 753119902.88
Including: Preferred stock
Perpetual bonds
Lease liabilities 9451502.15 9970306.87
Long-term payables
Long-term employee benefits
10 / 16The First Quarter Report in 2024
payable
Estimated liabilities 27654713.12 33063299.45
Deferred income 5863586.83 6383359.33
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 804629205.86 802536868.53
Total liabilities 3190065105.28 2922766991.44
Owner's equity (or Shareholders' equity):
Paid-in capital (or share capital) 396757305.00 396757184.00
Other equity instruments 50893173.15 50893986.60
Including: Preferred stock
Perpetual bonds
Capital reserve 860266216.82 864150974.43
Less: Treasury stock 300028955.79 146966735.61
Other comprehensive income -53895491.28 -53847100.91
Special reserve
Surplus reserve 198411582.50 198411582.50
General risk reserve
Undistributed profit 3342990647.76 3040145490.59
Total owner's equity (or
shareholders' equity) attributable to 4495394478.16 4349545381.60
the parent company
Minority interests 62706397.11 50765849.41
Total owner's equity (or
4558100875.274400311231.01
shareholders' equity)
Total liabilities and owners'
7748165980.557323078222.45
equity (or shareholders' equity)
Legal representative: HOU Juncheng Person in charge of accounting: WANG Li Head of the
accounting organization: WANG Li
Consolidated Income Statement
January to March 2024
Prepared by: Proya Cosmetics Co. Ltd.Unit: Yuan Currency: RMB Audit type: Unaudited
The First Quarter The First Quarter Report
Item
Report in 2024 in 2023
I. Gross revenue 2181919106.72 1621514039.25
Including: Operating revenue 2181919106.72 1621514039.25
Interest income
Earned premium
Fee and commission income
11 / 16The First Quarter Report in 2024
II. Total operating expenses 1828607491.90 1337795468.79
Including: Operating expenses 652280654.88 485918295.64
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 19606650.45 17803764.91
Sales expenses 1022081255.89 700922277.91
Administrative expenses 97301227.25 95175298.34
R&D expenses 46976210.23 51874237.80
Financial expenses -9638506.80 -13898405.81
Including: Interest expenses 5225372.13 2779348.01
Interest income 16968192.58 16622896.43
Add: Other income 39285802.18 20608636.91
Investment income ("-" for losses) -970.33 -1024160.51
Including: Income from investment
-1000000.00
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
5160314.354839153.07
losses)
Asset impairment losses ("-" for
-1662002.41-25945268.31
losses)
Gains on disposal of assets ("-" for
-380803.60
losses)
III. Operating profit ("-" for losses) 395713955.01 282196931.62
Add: Non-Operating revenue 814221.09 603802.94
Less: Non-operating expenses 98414.49 2431554.13
IV. Total profit ("-" for total losses) 396429761.61 280369180.43
Less: Income tax expenses 81455304.66 58204674.92
V. Net profit ("-" for net losses) 314974456.95 222164505.51
(I) Classification by continuity of operation
1. Net profit from continuous operation
314974456.95222164505.51
("-" for net losses)
12 / 16The First Quarter Report in 2024
2. Net profit from discontinued
operation ("-" for net losses)
(II) Classification by ownership
1. Net profit attributable to shareholders
302845157.17208032832.00
of the parent company (“-” for net losses)
2. Minority interest income (“-” for net
12129299.7814131673.51
losses)
VI. Other comprehensive income net of tax -48390.37 304058.24
(I) Other comprehensive income (net of
tax) attributable to owners of the parent -48390.37 304058.24
company
1. Other comprehensive income 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
2. Other comprehensive income that
-48390.37304058.24
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 foreign
-48390.37304058.24
currency financial statements
(7) Others
(II) Other comprehensive income (net of
tax) attributable to minority shareholders
VII. Total comprehensive income 314926066.58 222468563.75
(I) Total comprehensive income
302796766.80208336890.24
attributable to owners of the parent company
(II) Total comprehensive income 12129299.78 14131673.51
13 / 16The First Quarter Report in 2024
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share (RMB per
0.760.52
share)
(II) Diluted earnings per share (RMB per
0.750.51
share)
Legal representative: HOU Juncheng Person in charge of accounting: WANG Li Head of the
accounting organization: WANG Li
Consolidated Cash Flow Statement
January to March 2024
Prepared by: Proya Cosmetics Co. Ltd.Unit: Yuan Currency: RMB Audit type: Unaudited
Item The First Quarter Report The First Quarter Report
in 2024 in 2023
I. Cash flows from operating activities:
Cash receipts from sales of goods and
2641344251.621837791496.56
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 2642750.32
Other cash received relating to
45161252.3962019541.04
operating activities
Subtotal of cash inflows from
2689148254.331899811037.60
operating activities
14 / 16The First Quarter Report in 2024
Cash received from purchasing goods
533268741.97313127083.34
and accepting labor services
Net increase in loans and advances
Net increase in deposits with the
central bank and other banks
Cash paid for original insurance
contract claims
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 248355543.70 208007778.64
Payment of all types of taxes 198810206.71 199179137.21
Other cash paid relating to operating
1277851338.14769723077.97
activities
Subtotal of cash outflows from
2258285830.521490037077.16
operating activities
Net cash flow from operating
430862423.81409773960.44
activities
II. Cash flows from investing activities:
Cash back on investments
Cash received from investment
income
Net cash received from the disposal of
fixed assets intangible assets and other 1831479.00 338439.51
long-term assets
Net cash received from the disposal of
subsidiaries and other units
Other cash received relating to
investing activities
Subtotal of cash inflows from
1831479.00338439.51
investing activities
Cash paid for the acquisition and
construction of fixed assets intangible 81492603.91 42428654.52
assets and other long-term assets
Cash paid for investments 6818181.82
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 81492603.91 49246836.34
15 / 16The First Quarter Report in 2024
investing activities
Net cash flows from investing
-79661124.91-48908396.83
activities
III. Cash flows from financing activities:
Cash received from attraction of
50000.00
investments
Including: Cash received from
attraction of investments from minority 50000.00
shareholders
Cash received from borrowings 100000000.00
Other cash received relating to
financing activities
Subtotal of cash inflows from
50000.00100000000.00
financing activities
Cash paid for debt repayments 100000000.00
Cash paid for distribution of
dividends and profits or payment of 1413123.04 1302222.22
interests
Including: Dividends and profits paid
by subsidiaries to minority shareholders
Other cash paid relating to financing
153708476.41
activities
Subtotal of cash outflows from
155121599.45101302222.22
financing activities
Net cash flows from financing
-155071599.45-1302222.22
activities
IV. Effect of changes in exchange
-48390.37304058.24
rates on cash and cash equivalents
V. Net increase in cash and cash
196081309.08359867399.63
equivalents
Add: Beginning balance of cash and
3659267712.033125333085.05
cash equivalents
VI. Ending balance of cash and cash
3855349021.113485200484.68
equivalents
Legal representative: HOU Juncheng Person in charge of accounting: WANG Li Head of the
accounting organization: WANG Li
(III) Adjustments to financial statements at the beginning of the year upon initial adoption of new
accounting standards or interpretation of standards since 2024
"□ Applicable" "√ Not applicable"
End of the announcement.Board of Directors of Proya Cosmetics Co. Ltd
April 17 2024
