Group 1 - The core viewpoint of the article is that Proya, a leading domestic beauty brand, is planning to go public in Hong Kong, potentially becoming the first local beauty brand to achieve a dual listing in both A-share and H-share markets [2] - Proya has achieved significant sales milestones, with revenue surpassing 10.78 billion yuan in 2024, making it the first domestic cosmetics company to exceed the 10 billion yuan mark [2] - During the ongoing Double 11 shopping festival, Proya ranks first in the beauty category on major e-commerce platforms, indicating strong market performance and consumer demand [2]