证券日报网讯9月10日晚间，珀莱雅（603605）发布关于2022年限制性股票激励计划第三个解除限售期 解除限售暨上市的公告称，公司本次股票上市类型为股权激励股份；股票认购方式为网下，本次股票上 市流通总数为570，752股。本次股票上市流通日期为2025年9月17日。 ...

重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 570,752股。 | | | 珀莱雅化妆品股份有限公司 关于 2022 年限制性股票激励计划第三个解除限售期解 除限售暨上市的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本次股票上市流通总数为570,752股。 本次股票上市流通日期为2025 年 9 月 17 日。 珀莱雅化妆品股份有限公司（以下简称"公司"）于 2025 年 9 月 8 日召开了 第四届董事会第七次会议和第四届监事会第六次会议，审议通过《关于 2022 年限 制性股票激励计划第三个解除限售期解除限售条件成就的议案》，认为公司 2022 年限制性股票激励计划第三个解除限售期的解除限售条件已经成就，同意公司为 57 名符合解除限售条件的激励对象统一办理解除限售事宜，共计解除限售 570,752 股限制性股票。现将有关事项说明如下： 一、公司 2022 年限制性股票激励计划批准及实施情况 （一）已履行的决策程序和信息披露情况 1、2022 年 7 月 8 日，公司召开第 ...

Core Viewpoint - The company, Proya, is facing significant challenges as its performance growth slows to a five-year low, prompting a shift towards the Hong Kong stock market for further international expansion and financing opportunities [1][4][29] Group 1: Financial Performance - In the first half of 2025, Proya reported revenue of 5.362 billion yuan, a year-on-year increase of 7.21%, and a net profit of 799 million yuan, up 13.8% [7] - Compared to the previous year, Proya's mid-year performance has significantly slowed, with 2024 showing a revenue growth of 37.9% and a net profit growth of 40.48% [7] - The brand's revenue growth has declined, with a slight decrease of 0.08% in the first half of 2025, marking the first revenue growth decline in five years [7][8] Group 2: Market Strategy and Internationalization - Proya plans to issue H-shares and list on the Hong Kong Stock Exchange to accelerate its international strategy and enhance its financing capabilities [3][4] - The move to Hong Kong aligns with a broader trend in the beauty industry, where approximately 17 beauty companies are expected to pursue IPOs in the first half of 2025 [6] - If successful, Proya will be the only domestic beauty brand listed in both mainland China and Hong Kong [6] Group 3: Management Changes - Since the appointment of the new CEO, Hou Yameng, in 2024, Proya has undergone significant management changes, including the departure of several key executives [12][14][19] - The new management team is focused on internationalization, technology, digitalization, and brand enhancement [18] Group 4: Investment Activities - Proya has made a strategic investment in the makeup brand Huazhihao, acquiring a 38.45% stake, which is seen as a move to strengthen its position in the makeup segment [21][28] - This investment is part of Proya's strategy to address its weaknesses in the makeup category, as its existing makeup brand, Caitang, has not met growth expectations [28]

Core Viewpoint - The Hong Kong IPO market is experiencing increased activity, with Hangzhou Proya Cosmetics Co., Ltd. planning to become the first domestic beauty company to achieve "A+H" listing, driven by policy support and market demand [1][2]. Company Overview - Proya, once regarded as a benchmark for domestic beauty brands, is reinitiating its IPO process after eight years, aiming for a listing on the Hong Kong Stock Exchange [2]. - The company was listed on the A-share market in November 2017, with an initial surge of 44%, reaching a market capitalization of over 6 billion yuan [2]. - As of the latest closing, Proya's stock price is 82.38 yuan per share, with a market capitalization of 32.623 billion yuan, reflecting a decline of over 37% from its historical high of 135.22 yuan per share in 2023 [2][3]. Financial Performance - In 2024, Proya reported total revenue of 10.778 billion yuan, with a year-on-year growth of 7.21% to 5.362 billion yuan in the latest half-year report, marking the lowest growth rates since 2021 [3]. - The net profit for the same period increased by 13.80% to 799 million yuan, but both revenue and net profit growth rates have nearly halved compared to the previous year [3]. - The main brand, Proya, experienced a slight revenue decline of 0.08% in the first half of 2025, marking its first negative growth in five years [3]. Market Position - Despite the slowdown in revenue and profit growth, Proya maintains its position as the leading domestic beauty brand, achieving the highest market share in China's skincare market in 2024 [4]. - In the first half of 2025, Proya led the Chinese beauty market with revenue of 5.362 billion yuan, outperforming its closest competitor by 2.3 percentage points in the skincare category [4]. Strategic Moves - Prior to announcing its IPO, Proya has been actively investing in business expansion, including acquiring a 38.45% stake in the makeup brand Huazhi Xiao, which targets Gen Z consumers [5]. - Huazhi Xiao has successfully entered multiple international markets, with overseas revenue accounting for 10% of its total revenue [5]. - The IPO is seen as a strategy to accelerate internationalization and enhance overall competitiveness [5]. Industry Trends - Proya is not the only beauty company pursuing a Hong Kong listing; other companies like L'Oréal and Tian Ci Materials have also opted for IPOs to support their global strategies [6]. - The "A+H" listing model is gaining popularity in the capital market, with 161 companies currently listed on both A-share and Hong Kong markets, including 11 new additions this year [6].

近日，珀莱雅（603605.SH）通过旗下全资子公司珀莱雅（海南）投资有限公司，以38.45%的持股比例 成为彩妆品牌花知晓第二大股东。 对于投资花知晓，珀莱雅相关负责人向南都·湾财社记者表示，珀莱雅并不是简单的"财务投资者"，而 是"赋能者"与"共创伙伴"，本次投资也将为珀莱雅的长期价值创造提供坚实支撑。 从Z世代到全球化，珀莱雅看中了什么？ 公开资料显示，花知晓自2016年成立以来，以"东方少女宫廷风"为核心理念，将蕾丝花边、法式浮雕、 马卡龙色系等元素融入产品设计，形成强烈的视觉辨识度。其产品以系列化推出，涵盖眼影、口红、腮 红等品类，单价在25-130元区间，精准切入Z世代追求个性表达与性价比的消费心理。 主品牌珀莱雅今年上半年的营收为39.79亿元，占总营收的74.27%，同比微降0.08%。近年来，主品牌珀 莱雅的营收占比不断下滑，从2022年的82.74%下降至2024年的79.69%。 相比之下，彩棠、Off&Relax、悦芙媞等品牌份额在逐步提升。彩妆品牌彩棠营收占公司总营收的比重 也从2022年的8.99%上涨至2024年的11.07%，成为珀莱雅的第二增长曲线。此外，洗护品牌Off&Re ...

关于2022年限制性股票激励计划第三个解除限售期 解除限售条件成就的公告 | | | 珀莱雅化妆品股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次符合解除限售条件的激励对象共 57 名。 本次可解除限售的限制性股票数量为 570,752 股，约占公司目前股本总 额的 0.14%。 本次限制性股票在相关部门办理完解除限售手续后、上市流通前，公司 将发布相关提示性公告，敬请投资者注意。 珀莱雅化妆品股份有限公司（以下简称"公司"）于 2025 年 9 月 8 日召开了 第四届董事会第七次会议和第四届监事会第六次会议，审议通过《关于 2022 年 限制性股票激励计划第三个解除限售期解除限售条件成就的议案》，认为公司 2022 年限制性股票激励计划第三个解除限售期的解除限售条件已经成就，同意 公司为 57 名符合解除限售条件的激励对象统一办理解除限售事宜，共计解除限 售 570,752 股限制性股票。现将有关事项说明如下： 一、公司 2022 年限制性股票激励计划批准及实施情况 （一）已履行的决策程序 ...

2022 年限制性股票激励计划 第三个解除限售期解除限售相关事项 之 独立财务顾问报告 上海荣正企业咨询服务（集团）股份有限公司 关于 珀莱雅化妆品股份有限公司 二零二五年九月 | | | | 一、释义 3 | | --- | | 二、声明 4 | | 三、基本假设 5 | | 四、本激励计划已经履行的审批程序 6 | | 五、独立财务顾问意见 9 | | （一）公司 年限制性股票激励计划第三个解除限售期解除限售条件成就 2022 | | 情况的说明 9 | | （二）公司 2022 年限制性股票激励计划第三个解除限售期解除限售的具体情 | | 况 11 | | （三）结论性意见 11 | | 六、备查文件及咨询方式 12 | | （一）备查文件 12 | | （二）咨询方式 12 | 上海荣正企业咨询服务（集团）股份有限公司 独立财务顾问报告 $$-\gamma,\Re\gamma$$ | 珀莱雅、本公司、公 | 指 | 珀莱雅化妆品股份有限公司 | | --- | --- | --- | | 司 | | | | 本激励计划、本计划 | 指 | 珀莱雅化妆品股份有限公司 年限制性股票激励计划 2022 | ...

国浩律师（杭州）事务所 关于 珀莱雅化妆品股份有限公司 2022 年限制性股票激励计划 第三个解除限售期解除限售相关事项 之 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 第三个解除限售期解除限售相关事项 网址/Website：http://www.grandall.com.cn 二〇二五年九月 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关于 珀莱雅化妆品股份有限公司 2022 年限制性股票激励计划 法律意见书 之 致：珀莱雅化妆品股份有限公司 根据珀莱雅化妆品股份有限公司（以下简称"珀莱雅"或"公司"）与国浩 律师（杭州）事务所（以下简称"本所" ...

二、监事会会议审议情况 与会监事现场审议通过了如下议案： （一）审议通过《关于 2022 年限制性股票激励计划第三个解除限售期解除 限售条件成就的议案》 监事会认为： | 证券代码：603605 | 证券简称：珀莱雅 | 公告编号：2025-052 | | --- | --- | --- | | 债券代码：113634 | 债券简称：珀莱转债 | | 珀莱雅化妆品股份有限公司 关于第四届监事会第六次会议决议的公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 珀莱雅化妆品股份有限公司（以下简称"公司"）第四届监事会第六次会议 通知于 2025 年 9 月 3 日以电子邮件方式送达全体监事，会议于 2025 年 9 月 8 日在公司会议室以现场方式召开。本次会议由监事会主席侯露婷女士主持，会议 应出席监事 3 人，实际出席监事 3 人。本次监事会会议的召集、召开符合《中华 人民共和国公司法》、《珀莱雅化妆品股份有限公司章程》的有关规定，决议内 容合法有效。 特此公告。 珀莱雅化妆品股份有限公司 监 事 ...

Group 1: Financing Activities - Huazhixiao, a domestic cosmetics brand, completed a Series B financing round exclusively invested by Proya, aimed at global expansion, supply chain integration, and content innovation [1] - Wei Yi Culture, focused on immersive panoramic entertainment experiences, secured a multi-million angel round financing from Shanjia Investment, which will be used for project development and IP operations [2] - Craft beer brand TAGSIU completed nearly 10 million Pre-A financing, with funds directed towards store chain expansion and supply chain R&D [3] - INS New Park, a nightlife complex, raised nearly 300 million yuan in Series A financing, achieving a post-investment valuation of 2.6 billion yuan [4] - Health beverage brand Haojise received strategic investment from Guoyang Fund, focusing on health food products [5] Group 2: Company Developments - ByteDance's Seed department issued stock option allowances to technical employees, with monthly values ranging from 90,000 to 135,000 yuan, indicating a strong focus on AI business [6][7] - Xiaohongshu is projected to double its annual profit to 3 billion USD, with a current valuation of 31 billion USD, positioning it as a leader in the visual social platform sector [8] - LeKe, a fitness brand, ranked fifth globally in terms of store count, with over 14 million registered members, highlighting its competitive pricing and flexible membership model [9][10] - Pet Home announced that its paid membership Pet'em Prime surpassed 100,000 within five months, and it became the exclusive distributor for Sunday Pets in mainland China [11][12] Group 3: Market Trends - The summer box office for 2025 reached 11.943 billion yuan, showing growth compared to the previous year, with several films leading the box office [15] - The global market for smart home cleaning robots saw a shipment of 15.352 million units in the first half of the year, a 33% increase year-on-year, indicating strong demand [16] - The AR market is expected to grow significantly, with global shipments projected to reach 600,000 units by 2025, driven by new product launches and decreasing prices [17]