Core Viewpoint - Proya Cosmetics Co., Ltd. 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 building a world-class cosmetics industry platform, offering high-quality cosmetic products that combine technology and quality [4] - The company ranks fifth among the top five groups in China's cosmetics industry by retail sales in 2024 and is the only domestic cosmetics group in this ranking [4] - Proya has maintained its position as the largest domestic cosmetics group in China for four consecutive years from 2021 to 2024 based on retail sales [4] Product Portfolio - Proya has developed a diverse portfolio covering skincare, color cosmetics, and personal care, with flagship brand Proya being the only single brand in China with two essence products exceeding 1 billion RMB in retail sales [4] - The company has multiple brands, including skincare brands "Proya," "Yuefuti," and "Kruif," color cosmetics brands "Caitang" and "Yuanse Bota," and personal care brand "Off&Relax" [4] - 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 [4] Sales and Distribution Model - The company primarily utilizes online platforms for sales while enhancing brand reach through offline channels, including online direct sales and distribution [5] - Proya is one of the earliest beauty groups to strategically develop online channels, achieving a significant leading position in this area [5] Production Capacity - As of October 24, 2025, Proya operates a production base in Huzhou, Zhejiang, with 66 production lines dedicated to skincare products [5] - The company is also constructing a smart factory in Huzhou, designed to have a production capacity of 400 million units [5] Financial Performance - Proya's revenue for the six months ending June 30 for the years 2022 to 2025 is as follows: approximately 6.385 billion RMB in 2022, 8.905 billion RMB in 2023, 10.778 billion RMB in 2024, and 5.362 billion RMB in 2025 [6][7] - The corresponding net profit figures for the same periods are approximately 831 million RMB in 2022, 1.231 billion RMB in 2023, 1.585 billion RMB in 2024, and 826 million RMB in 2025 [6][7]

Core 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]