Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.Stock Code: 603605 Stock Abbreviation: Proya
Bond Code: 113634 Bond Abbreviation: Proya Convertible Bond
Proya Cosmetics Co. Ltd.Third Quarter Report 2025
The Board of Directors and all directors of the Company guarantee that there are no
false records misleading statements or material omissions in the content of this
announcement and bear legal responsibility for the truthfulness accuracy and
completeness of its content.Key Information Highlights:
The Board of Directors all directors and senior management of the Company hereby guarantee that the
contents of this quarterly report are true accurate and complete and that there are no false records
misleading statements or material omissions. They shall bear individual and joint legal liability for the
authenticity accuracy and completeness of the information contained herein.The person in charge of the Company the person responsible for accounting work and the head of the
accounting department (accounting officer) hereby guarantee that the financial information contained in
this quarterly report is true accurate and complete.Were the third-quarter financial statements audited
"□ Yes" "√ No"
I. Key Financial Data
(I) Key accounting data and financial indicators
Unit: Yuan Currency: RMB
YOY YoY change
The Reporting From the beginning
Item change in in the period
Period of the year to the
the from the
1 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Reporting end of the beginning of
Period (%) Reporting Period the year to the
end of the
Reporting
Period (%)
Operating revenue 1736009372.67 -11.63 7097899849.33 1.89
Total profit 273353000.54 -23.23 1271850421.62 1.58
Net profit attributable to
shareholders of the 227188720.58 -23.64 1025700052.65 2.65
listed company
Net profit attributable to
shareholders of the
listed company net of 227104910.50 -22.30 997706043.78 2.72
non-recurring gains and
losses
Net cash flows from Not
Not applicable 1198467218.63 196.65
operating activities applicable
Basic earnings per share
0.57-24.002.592.37
(RMB/share)
Diluted earnings per
0.57-24.002.593.60
share (RMB/share)
down by
down by 3.49
Weighted average ROE 2.38
3.96 18.25 percentage
(%) percentage
points
points
Change at the
end of the
End of the Reporting
End of prior year
Reporting Period Period over
the end of the
prior year (%)
Total assets 8574809697.11 7530182694.00 13.87
Owners’ Equity
attributable to
5668548299.685402074485.074.93
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 current quarter as follows.(II) Items and amounts of non-recurring gains and losses
"√ Not applicable" "□ Not applicable"
Unit: Yuan Currency: RMB
2 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Amount in the
period from the
Amount for the beginning of the
Non-recurring profit and loss item Remarks
current period year to the end of
the Reporting
Period
Gains or losses arising from disposal
of non-current assets including write-
-301417.58-647921.76
offs of provision for asset impairment
accrued
Government grants included in
current profit or loss (excluding
government grants that are closely
related to the Company’s normal
business operations compliant with 403523.99 51080833.99
national policies granted at set
standards and imposing sustaining
influence on the Company's profit or
loss)
Gains or losses arising from change in
fair value generated by financial
assets and financial liabilities held by
non-financial enterprises as well as
gains or losses arising from disposal
of financial assets and financial
liabilities except for valid hedging
business related to the Company's
normal business operations
Capital occupation fees charged to
non-financial enterprises and included
in current profit or loss
Gains or losses on authorizing others
to invest or manage assets
Gains or losses arising from entrusted
loans to external parties
Asset loss incurred by force majeure
such as natural disasters
Reversal of provision for impairment
of receivables individually tested for
impairment
Gains arising when the investment
cost of acquiring a subsidiary an
associate or a joint venture is less than
3 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
the fair value of the identifiable net
assets of the investee
Net profit or loss of subsidiaries
arising from business combinations
under common control for the period
from the beginning of the Reporting
Period to the combination date
Gains or losses arising from exchange
of non-monetary assets
Gains or losses arising from debt
restructuring
One-off expenses incurred due to the
cessation of relevant operating
activities such as staffing expenses
One-off impact on current profit or
loss resulting from adjustments in tax
accounting or other laws and
regulations
One-off share-based payment
recognized for cancellation and
modification of equity incentive plans
Gains or losses arising from changes
in the fair value of employee
remuneration payable under cash-
settled share-based payment after the
vesting date
Gains or losses arising from changes
in the fair value of investment
property subsequently measured with
the fair value model
Gains arising from transactions with
unreasonable transaction price
Gains or losses arising from
contingencies unrelated to the
Company's normal business
operations
Custody fee income from entrusted
operations
Other non-operating revenue and
43089.20-639967.70
expenses besides the above items
Other gains and losses items that
conform to the definition of non-
recurring gains and losses
4 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Less: Effect of income tax 31240.36 12560858.24
Impact of minority interests
30145.179238077.42
(after tax)
Total 83810.08 27994008.87
The reasons should be explained for the Company defining items not listed in the Explanatory
Announcement on Information Disclosure for Companies Offering Their Securities to the Public No. 1 –
Non-Recurring Gains and Losses as non-recurring gains and losses items of high value and defining the
non-recurring gains and losses items listed in the same document as recurring gains and losses items."□ Applicable" "√ Not applicable"
(III) Changes in key accounting data and financial indicators and reasons
"√ Not applicable" "□ Not applicable"
Change ratio Primary reasons
Item
(%)
Net cash flows from Mainly due to: 1. An increase in cash received from
operating activities - from sales of goods; 2. A decrease in payments for goods
the beginning of the year 196.65 purchased.to the end of the
Reporting Period
II. Shareholders Information
(I) Total number of ordinary shareholders number of shareholders of preference shares whose
voting rights have been restored and top ten shareholders holding shares
Unit: Share
Total number of shareholders of
Total number of ordinary
preference shares whose voting rights
shareholders at the end of 84093 0
have been restored at the end of the
the Reporting Period
Reporting Period (if any)
Shareholdings of the top ten shareholders (excluding securities lending and refinancing)
Number of Pledged marked
Number
Nature of Shareholding restricted or frozen
Name of shareholder of shares
shareholders ratio (%) shares
held Share
held Number status
Domestic 136739
HOU Juncheng 34.53 0 None
natural person 037
Domestic 596252 170412
FANG Yuyou 15.06 0 Frozen
natural person 58 69
Hong Kong Securities 271106
Others 6.85 0 None
Clearing Company Limited 29
5 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Agricultural Bank of China
Limited – CSI 500
346478
Exchange Traded Open- Others 0.87 0 None
7
End Index Securities
Investment Fund
Industrial and Commercial
Bank of China Limited -
333200
Invesco Great Wall Others 0.84 0 None
0
Emerging Growth Hybrid
Securities Investment Fund
Industrial and Commercial
Bank of China Limited –
Dongfanghong Ruixi 325194
Others 0.82 0 None
Three-Year Holding Period 0
Hybrid Securities
Investment Fund
Industrial and Commercial
Bank of China Limited –
CSI Major Consumer 301210
Others 0.76 0 None
Exchange Traded Open- 0
End Index Securities
Investment Fund
China Construction Bank
Co. Ltd. - CUAM 200000
Others 0.51 0 None
Consumer Industry Hybrid 2
Securities Investment Fund
Schroder Investment
Management (Hong Kong)
Limited - Schroder 196180
Others 0.50 0 None
International Selection 0
Fund China A-share (stock
exchange)
China Life Insurance Co.Ltd. – Traditional –
193754
Ordinary Insurance Others 0.49 0 None
4
Products – 005L – CT001
Shanghai
Shareholdings of the top ten unrestricted shareholders (excluding securities lending and refinancing)
Type and number of shares
Number of unrestricted circulating shares
Name of shareholder Type of
held Number
shares
RMB
HOU Juncheng 136739037 ordinary 136739037
shares
6 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
RMB
FANG Yuyou 59625258 ordinary 59625258
shares
RMB
Hong Kong Securities
27110629 ordinary 27110629
Clearing Company Limited
shares
Agricultural Bank of China
Limited – CSI 500 RMB
Exchange Traded Open- 3464787 ordinary 3464787
End Index Securities shares
Investment Fund
Industrial and Commercial
Bank of China Limited - RMB
Invesco Great Wall 3332000 ordinary 3332000
Emerging Growth Hybrid shares
Securities Investment Fund
Industrial and Commercial
Bank of China Limited –
RMB
Dongfanghong Ruixi
3251940 ordinary 3251940
Three-Year Holding Period
shares
Hybrid Securities
Investment Fund
Industrial and Commercial
Bank of China Limited –
RMB
CSI Major Consumer
3012100 ordinary 3012100
Exchange Traded Open-
shares
End Index Securities
Investment Fund
China Construction Bank
RMB
Co. Ltd. - CUAM
2000002 ordinary 2000002
Consumer Industry Hybrid
shares
Securities Investment Fund
Schroder Investment
Management (Hong Kong)
RMB
Limited - Schroder
1961800 ordinary 1961800
International Selection
shares
Fund China A-share (stock
exchange)
China Life Insurance Co.Ltd. – Traditional – RMB
Ordinary Insurance 1937544 ordinary 1937544
Products – 005L – CT001 shares
Shanghai
7 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Explanation on the
association or concerted
FANG Yuyou is the younger brother of HOU Juncheng's spouse FANG
action among the
Aiqin so HOU Juncheng and FANG Yuyou are associated.shareholders mentioned
above
Explanation on the
securities lending and
refinancing among the top
Not applicable
ten shareholders and top
ten unrestricted
shareholders (if any)
Note: As of the end of the Reporting Period 2210825 shares of the Company were held in the Company's
special securities account for repurchase representing 0.56% of the total share capital of the Company.Securities lending and refinancing involved by shareholders holding more than 5% shares the top ten
shareholders and the top ten shareholders of unrestricted circulating shares
"□ Applicable" "√ Not applicable"
Change in the top ten shareholders and the top ten shareholders of unrestricted circulating shares over the
previous period due to securities lending and refinancing/their returning
"□ Applicable" "√ Not applicable"
III. Other Matters to Note
Other important information regarding the Company’s operating performance during the Reporting Period
that investors should be aware of."□ Applicable" "√ Not applicable"
IV. Quarterly Financial Statements
(I) Type of audit opinion
"□ Applicable" "√ Not applicable"
(II) Financial statements
Consolidated Balance Sheet
September 30 2025
Prepared by: Proya Cosmetics Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited
Item September 30 2025 December 31 2024
Current assets:
Monetary capital 4482429082.19 4082126416.84
Provision for settlement
8 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Placements with banks and other
financial institutions
Financial assets held for trading
Derivative financial assets
Notes receivable
Accounts receivable 318499272.25 517954587.12
Receivables financing 1221062.00
Prepayments 279423583.14 223879388.67
Premiums receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivables
Other receivables 11746960.71 9869822.71
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale
agreements
Inventory 976259283.67 661410153.37
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 142290073.09 118117428.18
Total current assets 6211869317.05 5613357796.89
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 431448336.37 111090815.70
Other equity instrument investments 81256995.18 71256995.18
Other non-current financial assets
Investment property 62041914.81 63537443.20
Fixed assets 876929898.61 907224090.94
Construction in progress 117921464.80 74585001.38
Productive biological assets
Oil and gas assets
Right-of-use assets 19582489.43 14541665.50
Intangible assets 418117646.16 429394857.15
Including: Data resources
Development expenditure
Including: Data resources
9 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Goodwill
Long-term deferred expenses 111457435.14 70202612.96
Deferred income tax assets 210095626.90 163733011.95
Other non-current assets 34088572.66 11258403.15
Total non-current assets 2362940380.06 1916824897.11
Total assets 8574809697.11 7530182694.00
Current liabilities:
Short-term borrowings 80024000.00
Borrowings from the central bank
Placements from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 1014873964.55 676388126.18
Receipts in advance 311033.47 129400.52
Contract liabilities 220623450.59 153710588.62
Financial assets sold under repurchase
agreements
Customer deposits and deposits from
banks and other financial institutions
Funds from securities trading agencies
Funds from underwriting securities
agencies
Employee remuneration payable 124742567.53 155703420.95
Taxes payable 142952016.90 125853371.28
Other payables 350782184.58 91776722.59
Including: Interest payable
Dividends payable 315035573.60
Fees and commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within one
4775968.413473806.48
year
Other current liabilities 6614954.55 5509508.59
Total current liabilities 1945700140.58 1212544945.21
Non-current liabilities:
Insurance contract reserves
Long-term borrowings
Bonds payable 806619068.46 780011293.32
Including: Preference shares
Perpetual bonds
10 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Lease liabilities 14599911.65 10955380.12
Long-term payables
Long-term employee remuneration
payable
Estimated liabilities 11728682.67 25162463.80
Deferred income 17106593.83 15260760.59
Deferred income tax liabilities 438756.97
Other non-current liabilities
Total non-current liabilities 850493013.58 831389897.83
Total liabilities 2796193154.16 2043934843.04
Owner's equity (or shareholders' equity):
Paid-in capital (or share capital) 396005282.00 396247555.00
Other equity instruments 50890526.72 50891546.26
Including: Preference shares
Perpetual bonds
Capital reserve 826796738.87 846600405.28
Less: Treasury shares 193700268.42 238275443.41
Other comprehensive income -84720033.83 -84904946.54
Special reserve
Surplus reserve 198411582.50 198411582.50
General risk reserve
Undistributed profits 4474864471.84 4233103785.98
Total owner's equity (or shareholders'
5668548299.685402074485.07
equity) attributable to the parent company
Minority interests 110068243.27 84173365.89
Total owner's equity (or shareholders'
5778616542.955486247850.96
equity)
Total liabilities and owners' equity
8574809697.117530182694.00
(or shareholders' equity)
Company Representative: HOU Juncheng Accounting Work Representative: JIN Chang
Accounting Department Representative: MA Nan
Consolidated Income Statement
2025 M1-M9
Prepared by: Proya Cosmetics Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited
First three quarters of First three quarters of
Item 2025 2024
(M1-M9) (M1-M9)
I. Total operating revenue 7097899849.33 6966033360.37
Including: Operating revenue 7097899849.33 6966033360.37
Interest income
11 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Premiums earned
Fees and commission income
II. Total operating costs 5855768198.52 5744357919.86
Including: Operating costs 1867128487.97 2084884015.50
Interest expenses
Fees and commissions expenses
Surrenders
Net compensation expenses
Net provision for insurance liability
reserves
Insurance policy dividend expenses
Reinsurance expenses
Taxes and surcharges 60565990.35 52714418.79
Sales expenses 3525239516.44 3231672618.81
Administrative expenses 290164810.57 272663396.32
R&D expenses 141892170.50 142437776.25
Financial expenses -29222777.31 -40014305.81
Including: Interest expenses 23914050.19 15476254.24
Interest income 46750608.77 56625021.91
Add: Other income 57237116.15 71782997.31
Investment income (“-” for losses) 6420566.35 -3153663.74
Including: Investment income from
11444227.90-3153663.74
associates and joint ventures
Gains from derecognition of
financial assets measured at amortized cost
Foreign exchange gains (“-” for
losses)
Net gain on exposure hedging (“-”
for losses)
Gains on changes in fair value (“-”
for losses)
Credit impairment losses (“-” for
7287063.654634528.68
losses)
Asset impairment losses (“-” for
-40003598.59-42109077.10
losses)
Gains from disposal of assets (“-”
-647921.76-758751.64
for losses)
III. Operating profit (“-” for losses) 1272424876.61 1252071474.02
Add: Non-operating revenue 721299.11 1673416.25
Less: Non-operating expenses 1295754.10 1615716.02
IV. Total profit (“-” for total losses) 1271850421.62 1252129174.25
Less: Income tax expenses 216849451.38 229730454.71
12 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
V. Net profit (“-” for net losses) 1055000970.24 1022398719.54
(I) Classified by operation continuity
1. Net profit from continuing
1055000970.241022398719.54
operations (“-” for net losses)
2. Net profit from discontinued
operations (“-” for net losses)
(II) Classified by ownership
1. Net profit attributable to
shareholders of the parent company (“-” 1025700052.65 999209386.88
for net losses)
2. Profit or loss attributable to
29300917.5923189332.66
minority interests (“-” for net losses)
VI. Other comprehensive income net of
184912.71230418.26
tax
(I) Other comprehensive income
attributable to owners of the parent 184912.71 230418.26
company net of tax
1.Other comprehensive income that
cannot be reclassified into profit or loss
(1) Changes arising from 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
184912.71230418.26
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) Credit impairment provisions of
other debt investments
(5) Cash flow hedging reserve
13 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
(6) Conversion differences of
financial statements denominated in 184912.71 230418.26
foreign currencies
(7) Others
(II) Other comprehensive income
attributable to minority interests net of tax
VII. Total comprehensive income 1055185882.95 1022629137.80
(I) Total comprehensive income
attributable to owners of the parent 1025884965.36 999439805.14
company
(II) Total comprehensive income
29300917.5923189332.66
attributable to minority interests
VIII. Earnings per share:
(I) Basic earnings per share
2.592.53
(RMB/share)
(II) Diluted earnings per share
2.592.50
(RMB/share)
Company Representative: HOU Juncheng Accounting Work Representative: JIN Chang
Accounting Department Representative: MA Nan
Consolidated Cash Flow Statement
2025 M1-M9
Prepared by: Proya Cosmetics Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited
First three quarters of First three quarters of
Item 2025 2024
(M1-M9) (M1-M9)
I. Cash flows from operating activities:
Cash receipts from sales of goods and
8048869273.197522400703.39
rendering of services
Net increase in customer deposits and
deposits from banks and other financial
institutions
Net increase in borrowings from the central
bank
Net increase in placements from other
financial institutions
Cash receipts from premiums under
original insurance contracts
Net cash receipts from reinsurance
business
Net increase in deposits and investments
from policyholders
14 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Cash receipts from interest fees and
commissions
Net increase in placements from banks and
other financial institutions
Net increase of returned business capital
Net cash receipts from securities trading
agency services
Receipts of tax refunds 2204162.73 938267.15
Other cash receipts relating to operating
130064405.75122873031.65
activities
Subtotal of cash inflows from operating
8181137841.677646212002.19
activities
Cash payments for goods purchased and
1710978811.902114302093.57
services received
Net increase in loans and advances to
customers
Net increase in deposits with the central
bank and other financial institutions
Cash paid for compensation payments
under original insurance contract
Net increase in placements with banks and
other financial institutions
Cash payments for interest fees and
commissions
Cash payments for policy dividends
Cash payments to and on behalf of
721570038.36631419914.74
employees
Taxes and fees paid 774357744.04 822656497.25
Other cash payments relating to operating
3775764028.743673835455.60
activities
Subtotal of cash outflows from operating
6982670623.047242213961.16
activities
Net cash flows from operating
1198467218.63403998041.03
activities
II. Cash flows from investing activities:
Cash receipts from returns on investments 99990000.00
Cash receipts from investments income 15999900.00 5570000.01
Net cash receipts from disposal of fixed
assets intangible assets and other long-term 2147103.67 1831479.00
assets
Net cash receipts from the disposal of
7850000.00
subsidiaries and other operating entities
15 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Other cash receipts relating to investing
102075000.00300000000.00
activities
Subtotal of cash inflows from investing
228062003.67307401479.01
activities
Cash payments for purchase and
construction of fixed assets intangible assets 92266560.21 154362742.03
and other long-term assets
Cash payments for investments 437975763.00
Net increase in pledged loans
Net cash payments for acquisition of
subsidiaries and other operating entities
Other cash payments relating to investing
1180000000.00
activities
Subtotal of cash outflows from investing
530242323.211334362742.03
activities
Net cash flows from investing
-302180319.54-1026961263.02
activities
III. Cash flows from financing activities:
Cash receipts from capital contributions 286400.00 125051.00
Including: Cash receipts by subsidiaries
286400.00125051.00
from minority shareholders’ investment
Cash receipts from borrowings 80000000.00
Other cash receipts relating to financing
activities
Subtotal of cash inflows from financing
80286400.00125051.00
activities
Cash payments for debt repayment 100000000.00
Cash payments for distribution of
dividends profits or payment of interest 472596233.39 362965173.73
expenses
Including: Dividends and profits paid by
3692440.20
subsidiaries to minority shareholders
Other cash payments relating to financing
18774674.26184292170.36
activities
Subtotal of cash outflows from financing
491370907.65647257344.09
activities
Net cash flows from financing
-411084507.65-647132293.09
activities
IV. Effect of changes in foreign exchange
184912.71230418.26
rates on cash and cash equivalents
V. Net increase in cash and cash
485387304.15-1269865096.82
equivalents
16 / 17Third Quarter Report 2025 of Proya Cosmetics Co. Ltd.
Add: Opening balance of cash and cash
2742569684.623659267712.03
equivalents
VI. Closing balance of cash and cash
3227956988.772389402615.21
equivalents
Company Representative: HOU Juncheng Accounting Work Representative: JIN Chang
Accounting Department Representative: MA Nan
Adjustments to financial statements at the beginning of the year relating to the initial adoption of
the new accounting standards or interpretation of standards since 2025
"□ Applicable" "√ Not applicable"
Hereby announced.Board of Directors of Proya Cosmetics Co. Ltd.October 30 2025
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