Proya(SH:603605) Zhi Tong Cai Jing·2025-10-30 13:43Core Viewpoint - Proya (603605) has submitted its listing application to the Hong Kong Stock Exchange, with CICC and UBS serving as joint sponsors [1] Company Overview - Proya is a Chinese multi-brand beauty group focused on creating a world-class cosmetics industry platform, offering high-quality and technologically advanced cosmetic products [5] - The company ranks fifth among the top five groups in China's cosmetics industry by retail sales in 2024, being the only domestic cosmetics group in this ranking [5] - Proya has been the largest domestic cosmetics group in China for four consecutive years from 2021 to 2024 based on retail sales [5] - The flagship brand Proya has two essence products exceeding 1 billion RMB in retail sales, making it the only single brand in China with such a portfolio [5] Product Portfolio - Proya's product matrix includes skincare, color cosmetics, and personal care, with brands such as "Proya," "Yuefuti," "Kruif," "Caitang," "Yuanshe Bota," "Off&Relax," and "Jingshi" [5] - By 2024, Proya has four super products with retail sales exceeding 1 billion RMB, and it leads in the number of brands exceeding 500 million RMB in retail sales among domestic cosmetics groups [5] Sales and Distribution - The company primarily utilizes online platforms for sales while enhancing brand reach through offline channels, including direct sales and distribution [6] - Proya is one of the earliest beauty groups to strategically develop online channels, holding a significant lead in this area [6] Production Capacity - As of October 24, 2025, Proya operates a production base in Huzhou, Zhejiang, with 66 production lines dedicated to skincare products [6] - A new smart factory is under construction in Huzhou, designed to have a production capacity of 400 million units [6] Financial Performance - Proya's revenue for the six months ending June 30 for the years 2022 to 2025 is approximately 6.385 billion RMB, 8.905 billion RMB, 10.778 billion RMB, and 5.362 billion RMB respectively [8][9] - The corresponding profits for the same periods are approximately 831 million RMB, 1.230 billion RMB, 1.585 billion RMB, and 826 million RMB respectively [8][9]