2021 Q1 Report
Stock Code: 603605 Stock Code: Proya
Proya Cosmetics Co., Ltd.
2021 Q1 Report
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2021 Q1 Report
Contents
I Important Notice .............................................................. 3
II General Information about the Company......................................... 3
III Major Events................................................................. 10
IV Appendixes .................................................................. 16
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2021 Q1 Report
I Important Notice
1.1 The Board of Directors, Board of Supervisors, directors, supervisors and senior
management of the Company warrant that the contents of the quarterly report are true,
accurate and complete, without any misrepresentation, misleading statements or
material omissions, and will severally and jointly bear the legal responsibilities
thereof.
1.2 All directors of the Company attended the Board meeting to review the quarterly
report.
1.3 Hou Juncheng, the Chairman of the Company, Wang Li, CFO of the Company and Wang Li,
the head of the public accountant (person in charge of accounting) warrant the
truthfulness, accuracy and completeness of the financial report in this quarterly
report.
1.4 The Q1 Report of the Company has not been audited.
II General Information about the Company
2.1 Key financial data
Unit: Yuan Currency: RMB
End of the
Item End of last year Year-on-year change (%)
Reporting Period
Total asset 3,473,279,571.50 3,636,882,185.29 -4.50
Net assets 2,505,261,008.65 2,391,535,435.94 4.76
attributable to
shareholders of
the listed
company
Item From the From the beginning of
beginning of the last year to the end of
Year-on-year increase
year to the end of the Reporting Period of
or decrease (%)
the Reporting last year
Period
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2021 Q1 Report
Net cash flow 55,030,968.90 -134,873,267.48 Not applicable
generated from
operating
activities
Item From the From the beginning of
beginning of the last year to the end of
Year-on-year increase
year to the end of the Reporting Period of
or decrease (%)
the Reporting last year
Period
Revenue 905,464,673.13 608,193,650.94 48.88
Net profits 109,895,944.66 77,728,276.22 41.38
attributable to
shareholders of
the listed
company
Net profit 107,715,991.57 83,469,428.49 29.05
attributable to
shareholders of
the listed
companies, net of
non-recurring
gains and losses
Weighted average 4.49 3.75 Increase by 0.74
ROE (%) percentage points
Basic earnings 0.55 0.39 41.03
per share
(Yuan/share)
Diluted earnings 0.55 0.39 41.03
per share
(Yuan/share)
Items and Amounts of Non-recurring Gains or Losses
√ Applicable□ Not applicable
Unit: Yuan Currency: RMB
Amount in the current
Item the situation
period
Gains or losses on disposal of -1,416.28
non-current assets
Tax returns and exemption with
approval exceeding one's
authority or without formal
approval document, or on an
accidental basis
Government grants included in 2,895,914.45
profits and losses for the
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2021 Q1 Report
current period, excluding those
closely related to the normal
business and of fixed amount or
fixed quantity granted on an
on-going basis in accordance
with certain standards and in
compliance with the State
policies
Fund possession cost from
non-financial business included
in current profit or loss
Gains arising from investment
costs for acquisition of
subsidiaries, associates and
joint ventures less than the fair
values of attributable
identifiable net assets of the
invested entity at the time of
acquisition
Profit and loss from exchange of
non-currency assets
Gains or losses on entrusted
investment or asset management
Provision for asset impairment
due to force majeure factors,
such as natural disaster
Profit and loss from
restructuring of debts
Enterprise restructuring
charge, such as expenditure on
staffing, integration cost
Profit and loss of the part
exceeding fair value generated
from transaction with
unreasonable transaction price
Net current profit and loss of
subsidiary generated from
enterprise merger under common
control from the beginning of the
period to the date of merger
Profit and loss generated from
contingencies unrelated to
normal business of company
Investment income arising from
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2021 Q1 Report
changes in fair values
held-for-trading financial
assets, derivative financial
assets, held-for-trading
financial liabilities and
derivative financial
liabilities, and investment
gains on the disposal of
held-for-trading financial
assets, derivative financial
assets, held-for-trading
financial liabilities,
derivative financial
liabilities and other debt
investment, except the Company
normal operations related to
effective hedging business
Reversal of provision for
impairment of receivables and
contract assets which are
individually tested for
impairment
Profit and loss obtained from
entrusted loans
Profit and loss generated from
fair value change of investment
real estate whose subsequent
measurement is conducted with
fair value model
Influences on current profit and
loss of one-time adjustment to
current profit or loss pursuant
to the laws and regulations on
tax and accounting
Trustee fee income obtained from
entrusted operation
Other net non-operating income 548,615.47
and expenses, other than the
above items
Other profit and loss items
conforming to the definition of
non-recurring gains and losses
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2021 Q1 Report
Effect of minority equity -574,005.20
(after-tax)
Effect of income tax -689,155.35
Total 2,179,953.09
2.2 Total number of shareholders and shareholdings of the top ten shareholders and the
top ten shareholders of shares in circulation (or shareholders not subject to selling
restrictions) as at the end of the Reporting Period
Unit: Share
Total number of shareholders 20,423
Shareholdings of the top ten shareholders
Number of Number of Pledged or frozen
shares shares held
Name of Nature of
held as at Percentag subject to Share
shareholder shareholde
the end of e (%) selling statu Number
(full name) r
the period restriction s
Number s
Domestic
71,875,63
Hou Juncheng 35.74 0 None natural
1
person
Domestic
44,065,92 Pledg 14,900,00
Fang Yuyou 21.91 0 natural
9 e 0
person
Hong Kong
Securities 21,145,82
10.51 0 None Others
Clearing 6
Company Limited
Domestic
Li Xiaolin 5,474,222 2.72 0 None natural
person
Domestic
Xu Junqing 5,398,031 2.68 0 None natural
person
Domestic
Cao Liangguo 4,078,938 2.03 0 None natural
person
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2021 Q1 Report
China
Construction
Bank
Corporation -
Yinhua Fuyu
Theme Hybrid
Securities 2,100,000 1.04 0 None Others
Investment Fund
（中国建设银行
股份有限公司－
银华富裕主题混
合型证券投资基
金）
Industrial and
Commercial Bank
of China
Limited-Invesc
o Great Wall
Emerging Mature
and Hybrid
1,700,000 0.85 0 None Others
Equity
Investment
Funds（中国工商
银行股份有限公
司－景顺长城新
兴成长混合型证
券投资基金）
China Citic
Bank
Corporation
Limited - China
ABC-CA Strategy
Selected Hybrid
Securities 1,069,641 0.53 0 None Others
Investment Fund
（中信银行股份
有限公司－农银
汇理策略精选混
合型证券投资基
金）
Abu Dhabi
Investment 997,598 0.50 0 None Others
Authority
Shareholdings of the top ten shareholders of non-restricted circulating shares
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2021 Q1 Report
Name of shareholder Number of non-restricted Type and number of shares
circulating shares held Type Number
Ordinary
Hou Juncheng 71,875,631 71,875,631
RMB Shares
Ordinary
Fang Yuyou 44,065,929 44,065,929
RMB Shares
Hong Kong Securities Ordinary
21,145,826 21,145,826
Clearing Company Limited RMB Shares
Ordinary
Li Xiaolin 5,474,222 5,474,222
RMB Shares
Ordinary
Xu Junqing 5,398,031 5,398,031
RMB Shares
Ordinary
Cao Liangguo 4,078,938 4,078,938
RMB Shares
China Construction Bank
Corporation - Yinhua Fuyu
Theme Hybrid Securities Ordinary
2,100,000 2,100,000
Investment Fund（中国建设银 RMB Shares
行股份有限公司－银华富裕主
题混合型证券投资基金）
Industrial and Commercial
Bank of China
Limited-Invesco Great Wall
Emerging Mature and Hybrid Ordinary
1,700,000 1,700,000
Equity Investment Funds（中 RMB Shares
国工商银行股份有限公司－景
顺长城新兴成长混合型证券投
资基金）
China Citic Bank
Corporation Limited –
ABC-CA Strategy Selected
Ordinary
Hybrid Securities 1,069,641 1,069,641
RMB Shares
Investment Fund（中信银行股
份有限公司－农银汇理策略精
选混合型证券投资基金）
Abu Dhabi Investment Ordinary
997,598 997,598
Authority RMB Shares
Explanation on the related Fang Yuyou is the younger brother of Hou Juncheng's spouse
relationship or parties Fang Aiqin, so Hou Juncheng and Fang Yuyou are related.
acting in concert among the
above shareholders
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2021 Q1 Report
Explanation on the None
preference shareholders
with voting rights restored
and their shareholdings
2.3 Total number of shareholders of preferred shares and shareholdings of the top ten
shareholders of preferred shares and the top ten shareholders of preferred shares
in circulation not subject to selling restrictions as at the end of the Reporting
Period
□ Applicable√ Not applicable
III Major Events
3.1 Particulars and reasons for material changes in major accounting statement items and
financial indicators of the Company
√ Applicable□ Not applicable
Items in Amount as at the end Amount as at the end Change Explanation
balance sheet of the Reporting of prior year ratio (%)
Period
Receivables 7,523,263.60 5,531,997.32 36.00 Mainly due to the
financing increase in the balance
of bank bills
receivable
Prepayment 129,292,973.26 82,742,815.92 56.26 Mainly due to the
increase in online
promotion fee prepaid
in this quarter
Other 64,220,393.52 48,733,527.35 31.78 Mainly due to the
receivables increase of tender
security for “Huzhou
Production Base
Expansion Project”
Construction 69,413,005.53 47,324,523.36 46.67 Mainly due to the
in progress investment for steel
structure works of
“Huzhou Expansion
Project” in this
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2021 Q1 Report
quarter
Deferred 29,979,586.33 46,660,550.76 -35.75 Mainly due to the
income tax unlocking of 293,265
assets lock-up shares in the
current period, and the
decrease in the balance
of deferred income tax
assets calculated based
on the share-based
payment at the end of
the period
Other 16,782,105.25 87,322,780.03 -80.78 RMB 81.6 million paid
non-current for the land in Longwu,
assets Hangzhou at the
beginning of the year;
the corresponding
certificate has been
issued in this quarter
and it has been
transferred to
intangible assets
Short-term 200,000,000.00 299,280,435.09 -33.17 Mainly due to the
borrowings repayment of the
principal of RMB 99
million and interest
for short-term
borrowings from bank in
this quarter
Accounts 319,300,759.09 515,832,031.27 -38.10 Mainly due to the
payable arrival of payment date
and payment of accounts
payable, with the
payment date yet to come
at the end of prior
year, in this quarter
Contract 58,240,788.42 30,618,778.99 90.21 Mainly due to the
liabilities increase of over RMB 28
million in accounts
received in advance
Employee 45,100,485.24 70,828,239.70 -36.32 Mainly due to the
benefits payment of year-end
payable performance bonus
withheld at the end of
prior in the current
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2021 Q1 Report
period and the decrease
of balance
Other current 4,086,034.07 1,439,262.02 183.90 Mainly due to the
liabilities increase of accounts
received in advance in
the contract
liabilities and the
corresponding increase
of output taxes to be
transferred
Treasury 7,688,928.80 12,653,905.25 -39.24 Mainly due to the
shares unlocking of 293,265
lock-up shares in the
current period, and the
decrease in the balance
of treasury shares
calculated based on the
grant price per share
and dividend during the
period
Items in income Amount from the Amount from the Change Explanation
statement beginning of the beginning of last ratio (%)
year to the end of year to the end of
the Reporting the reporting
Period period of last year
Revenue 905,464,673.13 608,193,650.94 48.88 Mainly due to the
year-on-year increase
of online sales
Cost of sales 322,264,228.48 243,860,039.98 32.15 Mainly due to the
year-on-year increase
of sales and the
increase of operating
cost
Taxes and 8,144,353.90 4,457,361.86 82.72 Mainly due to the
surcharges year-on-year increase
of VAT surcharge
Selling 377,754,359.96 197,193,427.03 91.57 Mainly due to the
expenses year-on-year increase
of 140.07% of image
promotion expense in
the current period
Financial 1,606,197.54 -890,731.84 Not Mainly due to the
expenses applicable year-on-year increase
of interest expense
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2021 Q1 Report
Other income 3,530,669.17 5,359,718.92 -34.13 Mainly due to the
year-on-year decrease
of government grant
Credit 2,274,620.44 3,762,697.79 -39.55 Mainly due to the
impairment changes in the balance
losses of bad debt provisions
calculated by account
age of receivables
Asset -328,307.81 -3,654,227.45 Not Mainly due to the
impairment applicable year-on-year decrease
losses of inventory
devaluation loss
provisions
Non-operating 54,523.45 12,284,163.50 -99.56 Mainly due to the
expenses donation of RMB 12.26
million against
COVID-19 in the same
period last year
Items of the Amount from the Amount from the Change Explanation
cash flow beginning of the beginning of last ratio (%)
statement year to the end of year to the end of
the Reporting the reporting
Period period of last year
Net cash flow 55,030,968.90 -134,873,267.48 Not The year-on-year net
generated from applicable flow increased by RMB
operating 190 million, mainly due
activities to the followings:
1.Cash inflow: The
year-on-year increase
of cash received from
sales of goods achieved
RMB 419 million; 2.Cash
outflow: The cash paid
for goods and services
increased by RMB 45
million on year-on-year
basis, and the cash paid
related to other
operating activities
increased by RMB 195
million
Net cash flow -45,787,653.75 89,068,792.28 -151.41 The year-on-year net
generated from flow decreased by RMB
investing 135 million, mainly due
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2021 Q1 Report
activities to the followings: 1.
Increase of cash: (1)
The investment of RMB 46
million on the
associate - Jiaxing
Woyong was paid in the
same period last year;
2. Decrease of cash: (1)
The redemption of
wealth management
products was RMB 161
million in the same
period last year; (2)
The year-on-year
increase for the
acquisition of fixed
assets and construction
in progress was RMB 17
million in the current
period
Net cash flow -102,339,506.52 -114,181,810.61 Not The year-on-year net
from financing applicable flow increased by RMB
activities 11.84 million, mainly
due to the followings:
the changes in
short-term borrowings
from bank, repayment of
principal and interest
for short-term
borrowings from bank on
year-on-year basis
Cash received 1,089,758,485.27 670,762,842.24 62.47 Main reasons: 1. The
from sales of year-on-year increase
goods or of online sales and the
rendering of increase of payment
services collection; 2. The
decrease of accounts
receivable and the
increase of payment
collection
Tax rebates 3,124,105.70 209,178.37 1,393.51 Mainly due to the
increase of incremental
retention VAT rebate
received in the current
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2021 Q1 Report
period
Cash paid for 430,498,541.95 235,474,500.06 82.82 Mainly due to the
other year-on-year increase
operating of image promotion
activities expense in the current
period
Cash received 161,450,000.00 -100.00 Mainly due to the
from disposal redemption of wealth
of investments management products in
the same period last
year
Cash received 2,584,761.19 -100.00 Mainly due to the
from returns on earnings change from
investments wealth management
products
Cash paid for 45,788,653.75 28,965,968.91 58.08 Mainly due to the
purchase and project funds paid for
construction steel structure of
of fixed “Huzhou Expansion
assets, Project” paid in this
intangible quarter
assets and
other
long-term
assets
Cash paid for 46,000,000.00 -100.00 Mainly due to the
investment payment of investment
of RMB 46 million on the
associate - Jiaxing
Woyong in the same
period last year
Cash received 99,000,000.00 -100.00 Mainly due to the
from short-term bank
borrowings borrowings of RMB 99
million received in the
same period last year
Cash 99,000,000.00 212,186,065.10 -53.34 Mainly due to the
repayments of repayment decrease of
borrowings short-term borrowings
from bank
Dividends 2,852,875.00 995,745.51 186.51 Mainly due to the
paid, profit year-on-year increase
distributed or of the payment for
interest paid interest on bank
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2021 Q1 Report
borrowings
3.2 Analysis and explanation on the progress, impact and solutions of major events
□ Applicable√ Not applicable
3.3 Undertakings not fulfilled within the Reporting Period
□ Applicable√ Not applicable
3.4 Warning and explanation for the case when the accumulated net profit from the
beginning of the year to the end of the next reporting period may be subject to loss
or there are material changes compared with the same period of prior year
□ Applicable√ Not applicable
Proya Cosmetics Co.,
Company Name
Ltd.
Legal Hou Juncheng
Representative
Date 21 April 2021
IV Appendixes
4.1 Financial statements
Consolidated Balance Sheet
31 March 2021
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item 31 March 2021 31 December 2020
Current assets:
Cash and equivalents 1,323,394,271.80 1,416,654,640.93
Transaction settlement funds
Lending funds
Held-for-trading financial
assets
Derivative financial assets
Bills receivable
Accounts receivable 206,385,940.96 284,878,419.58
Receivables financing 7,523,263.60 5,531,997.32
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2021 Q1 Report
Prepayment 129,292,973.26 82,742,815.92
Premium receivable
Reinsurance premium
receivable
Reserves for reinsurance
contract receivable
Other receivables 64,220,393.52 48,733,527.35
Where: Interest receivable
Dividend receivable
Financial assets purchased
under agreements to resell
Inventories 415,114,878.99 468,641,017.75
Contract assets
Held for sale assets
Non-current assets due within
one year
Other current assets 38,593,254.13 35,235,811.27
Total current assets 2,184,524,976.26 2,342,418,230.12
Non-current assets:
Loans and advances to
customers
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 58,061,005.12 58,220,059.60
Investments in other equity 20,580,000.00 20,580,000.00
instruments
Other non-current financial
assets
Investment real estate 71,033,300.13 72,237,610.10
Fixed assets 559,652,167.42 565,864,152.62
Construction in progress 69,413,005.53 47,324,523.36
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 383,888,254.69 314,643,323.97
Development expenses
Goodwill 31,034,161.20 31,034,161.20
Long-term prepaid expenses 48,331,009.57 50,576,793.53
Deferred income tax assets 29,979,586.33 46,660,550.76
Other non-current assets 16,782,105.25 87,322,780.03
Total non-current assets 1,288,754,595.24 1,294,463,955.17
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2021 Q1 Report
Total assets 3,473,279,571.50 3,636,882,185.29
Current liabilities:
Short-term borrowings 200,000,000.00 299,280,435.09
Borrowings from central bank
Placements from banks and
other financial institutions
Held-for-trading financial
liabilities
Derivative financial
liabilities
Bills payable 58,678,000.00 64,580,000.00
Accounts payable 319,300,759.09 515,832,031.27
Accounts received in advance
Contract liabilities 58,240,788.42 30,618,778.99
Financial assets sold under
repurchase agreements
Deposits from customers and
other banks
Brokerage for trading
securities
Brokerage for underwriting
securities
Employee benefits payable 45,100,485.24 70,828,239.70
Taxes payable 90,372,398.32 71,335,290.77
Other payables 80,192,043.39 75,546,323.32
Where: Interest payable
Dividend payable
Fees and commissions payable
Reinsured accounts payable
Held-for-sale liabilities
Non-current liabilities due
within one year
Other current liabilities 4,086,034.07 1,439,262.02
Total current liabilities 855,970,508.53 1,129,460,361.16
Non-current liabilities:
Reserves for insurance
contracts
Long-term borrowings
Bonds payable
Where: Preference shares
Perpetual bonds
Lease liabilities
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2021 Q1 Report
Long-term payables
Long-term employee benefits
payable
Estimated liabilities 10,190,099.22 10,190,099.22
Deferred income 7,975,580.83 8,495,353.33
Deferred income tax 6,874,105.45 6,874,105.45
liabilities
Other non-current
liabilities
Total non-current 25,039,785.50 25,559,558.00
liabilities
Total liabilities 881,010,294.03 1,155,019,919.16
Owner’s equity (or
shareholders’ equity):
Share capital 201,116,925.00 201,116,925.00
Other equity instruments
Where: Preference shares
Perpetual bonds
Capital reserve 836,263,666.05 837,034,836.69
Less: Treasury shares 7,688,928.80 12,653,905.25
Other comprehensive income -633,243.89 -269,066.13
Special reserve
Surplus reserve 100,634,780.00 100,634,780.00
General risk provision
Undistributed profit 1,375,567,810.29 1,265,671,865.63
Total equity attributable to 2,505,261,008.65 2,391,535,435.94
the owners of the parent company
Minority equity 87,008,268.82 90,326,830.19
Total owners’ equity (or 2,592,269,277.47 2,481,862,266.13
shareholders’ equity)
Total liabilities and owner's 3,473,279,571.50 3,636,882,185.29
equity (or shareholders’
equity)
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the public
accountant: Wang Li
Balance Sheet of Parent Company
31 March 2021
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item 31 March 2021 31 December 2020
Current assets:
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2021 Q1 Report
Cash and equivalents 464,792,985.67 498,358,108.55
Held-for-trading financial
assets
Derivative financial assets
Bills receivable
Accounts receivable 541,632,449.10 565,037,411.15
Receivables financing
Prepayment 7,088,676.64 9,389,481.27
Other receivables 227,301,760.07 236,585,409.48
Where: Interest receivable
Dividend receivable
Inventories 191,665,172.66 227,126,018.70
Contract assets
Held for sale assets
Non-current assets due within
one year
Other current assets 24,916,776.54 15,543,206.01
Total current assets 1,457,397,820.68 1,552,039,635.16
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 348,610,828.25 347,372,956.06
Investments in other equity 20,580,000.00 20,580,000.00
instruments
Other non-current financial
assets
Investment real estate 333,650,384.63 339,018,465.70
Fixed assets 289,279,658.59 291,193,420.67
Construction in progress 64,966,852.87 46,993,562.96
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 378,768,727.42 308,401,627.24
Development expenses
Goodwill
Long-term prepaid expenses 36,192,726.23 34,817,495.54
Deferred income tax assets 13,533,451.10 15,889,636.90
Other non-current assets 17,009,134.56 87,545,799.42
Total non-current assets 1,502,591,763.65 1,491,812,964.49
Total assets 2,959,989,584.33 3,043,852,599.65
Current liabilities:
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2021 Q1 Report
Short-term borrowings 200,000,000.00 200,163,972.59
Held-for-trading financial
liabilities
Derivative financial
liabilities
Bills payable 58,678,000.00 64,580,000.00
Accounts payable 246,891,372.87 403,605,887.84
Accounts received in advance
Contract liabilities 12,687,161.32 10,212,194.96
Employee benefits payable 18,817,960.59 29,624,549.78
Taxes payable 64,955,589.40 34,953,057.88
Other payables 20,026,115.52 24,771,086.23
Where: Interest payable
Dividend payable
Held-for-sale liabilities
Non-current liabilities due
within one year
Other current liabilities
Total current liabilities 622,056,199.70 767,910,749.28
Non-current liabilities:
Long-term borrowings
Bonds payable
Where: Preference shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term employee benefits
payable
Estimated liabilities
Deferred income 7,975,580.83 8,495,353.33
Deferred income tax 6,283,428.68 6,283,428.68
liabilities
Other non-current
liabilities
Total non-current 14,259,009.51 14,778,782.01
liabilities
Total liabilities 636,315,209.21 782,689,531.29
Owner’s equity (or
shareholders’ equity):
Share capital 201,116,925.00 201,116,925.00
Other equity instruments
Where: Preference shares
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2021 Q1 Report
Perpetual bonds
Capital reserve 835,912,055.71 837,075,425.32
Less: Treasury shares 7,688,928.80 12,653,905.25
Other comprehensive income
Special reserve
Surplus reserve 100,634,780.00 100,634,780.00
Undistributed profit 1,193,699,543.21 1,134,989,843.29
Total owners’ equity (or 2,323,674,375.12 2,261,163,068.36
shareholders’ equity)
Total liabilities and owner's 2,959,989,584.33 3,043,852,599.65
equity (or shareholders’
equity)
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the public
accountant: Wang Li
Consolidated Income Statement
January - March 2021
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item Q1 2021 Q1 2020
I. Total operating income 905,464,673.13 608,193,650.94
Where: Revenue 905,464,673.13 608,193,650.94
Interest income
Premium received
Handling fee and commission
income
II. Total operating costs 779,738,541.63 505,558,891.36
Where: Cost of sales 322,264,228.48 243,860,039.98
Interest expenses
Handling fee and commission
expenses
Payment on surrenders
Net compensation expenses
Net provision drawn for
insurance contract
Policy dividend expenses
Reinsurance expenses
Taxes and surcharges 8,144,353.90 4,457,361.86
Selling expenses 377,754,359.96 197,193,427.03
Administrative expenses 52,312,582.26 45,018,968.95
R&D expenses 17,656,819.49 15,919,825.38
Financial expenses 1,606,197.54 -890,731.84
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2021 Q1 Report
Where: Interest expense 2,959,908.29 1,081,016.01
Interest income 5,773,529.43 4,889,638.38
Add: Other income 3,530,669.17 5,359,718.92
Income from investment (“-” -83,299.74 527,717.70
refers to loss)
Where: Investment income from -79,753.50 -178,035.72
associates and joint ventures
Derecognition of income
from financial assets at amortized
cost
Exchange gains (“-” refers to
loss)
Net gain on exposure hedging
(“-” refers to loss)
Gain on change in fair value
(“-” refers to loss)
Losses on credit impairment 2,274,620.44 3,762,697.79
(“-” refers to loss)
Losses on assets impairment -328,307.81 -3,654,227.45
(“-” refers to loss)
Gains from asset disposal (“-” -1,416.28
refers to loss)
III. Operating profits (“-” refers 131,118,397.28 108,630,666.54
to loss)
Add: Non-operating profits 30,582.33 24,332.92
Less: Non-operating expenses 54,523.45 12,284,163.50
IV. Total profits (“-” refers to 131,094,456.16 96,370,835.96
total loss)
Less: Income tax expenses 24,279,745.48 19,640,938.36
V. Net profits (“-” refers to net 106,814,710.68 76,729,897.60
loss)
(I) Classified by operation continuity
1. Net profits from continuing 106,814,710.68 76,729,897.60
activities (“-” refers to net loss)
2. Net profits from discontinuing
activities (“-” refers to net loss)
(II) Classified by ownership
1. Net profits attributable to 109,895,944.66 77,728,276.22
shareholders of the parent company
(“-” refers to net loss)
2. Profit or loss attributable to -3,081,233.98 -998,378.62
minority shareholders (“-” refers to
net loss)
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2021 Q1 Report
VI. Net amount of other comprehensive -364,177.76 631,177.97
income after tax
(I) Net amount of other -364,177.76 631,177.97
comprehensive income after tax
attributable to owners of the parent
company
1. Other comprehensive income not
to be reclassified into profit or loss
(1) Change in re-measurement of
defined benefit plans
(2) Other comprehensive income that
may not be reclassified to profit or
loss under equity method
(3) Change in fair value of
investments in other equity
instruments
(4) Change in fair value of
enterprise's own credit risk
2. Other comprehensive income to -364,177.76 631,177.97
be reclassified into profit or loss
(1) Other comprehensive income that
may be reclassified to profit or loss
under equity method
(2) Change in fair value of other
debt investments
(3) Amount included in other
comprehensive income on
reclassification of financial assets
(4) Credit impairment provisions of
other debt investments
(5) Cash flow hedging reserve
(6) Exchange differences from -364,177.76 631,177.97
translation of financial statements
(7) Others
(II) Net amount of other
comprehensive income after tax
attributable to minority shareholders
VII. Total comprehensive income 106,450,532.92 77,361,075.57
(I) Total comprehensive income 109,531,766.90 78,359,454.19
attributable to owners of the parent
company
(II) Total comprehensive income -3,081,233.98 -998,378.62
attributable to minority shareholders
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2021 Q1 Report
VIII. Earnings per share:
(I) Basic earnings per share 0.55 0.39
(Yuan/share)
(II) Diluted earnings per share 0.55 0.39
(Yuan/share)
In case of business merger under common control, net profit realized by the acquiree before
the merger in the current period was: RMB 0; net profit realized by the acquiree in the
prior period was: RMB 0.
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the public
accountant: Wang Li
Income Statement of Parent Company
January - March 2021
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item Q1 2021 Q1 2020
I. Revenue 408,173,400.21 350,169,343.93
Less: Cost of sales 206,072,326.96 155,785,868.64
Taxes and surcharges 3,429,432.25 3,005,208.22
Selling expenses 39,382,263.41 35,872,263.41
Administrative expenses 46,201,997.53 33,343,034.03
R&D expenses 18,082,676.07 15,905,473.42
Financial expenses -3,917,706.17 -3,120,213.72
Where: Interest expense 1,736,327.41 649,857.64
Interest income 5,532,382.16 3,801,738.94
Add: Other income 1,518,080.10 4,584,772.50
Income from investment (“-” -35,243.81 611,430.53
refers to loss)
Where: Investment income from -35,243.81 -94,322.89
associates and joint ventures
Derecognition of income from
financial assets at amortized cost
Net gain on exposure hedging
(“-” refers to loss)
Gain on change in fair value
(“-” refers to loss)
Losses on credit impairment -32,993,248.87 -5,412,972.27
(“-” refers to loss)
Losses on assets impairment -429,753.06 -2,429,037.23
(“-” refers to loss)
Gains from asset disposal (“-”
refers to loss)
II. Operating profits (“-” refers to 66,982,244.52 106,731,903.46
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2021 Q1 Report
loss)
Add: Non-operating profits 2,110.22
Less: Non-operating expenses 9,975.00 12,263,883.37
III. Total profits (“-” refers to total 66,974,379.74 94,468,020.09
loss)
Less: Income tax expenses 8,264,679.82 14,817,755.18
IV. Net profits (“-” refers to net 58,709,699.92 79,650,264.91
loss)
(I) Net profits from continuing 58,709,699.92 79,650,264.91
activities (“-” refers to net loss)
(II) Net profits from discontinuing
activities (“-” refers to net loss)
V. Net amount of other comprehensive
income after tax
(I) Other comprehensive income not to
be reclassified into profit or loss
1. Change in re-measurement of
defined benefit plans
2. Other comprehensive income that
may not be reclassified to profit or loss
under equity method
3. Change in fair value of
investments in other equity instruments
4. Change in fair value of
enterprise's own credit risk
(II) Other comprehensive income to be
reclassified into profit or loss
1. Other comprehensive income that
may be reclassified to profit or loss
under equity method
2. Change in fair value of other debt
investments
3. Amount included in other
comprehensive income on
reclassification of financial assets
4. Credit impairment provisions of
other debt investments
5. Cash flow hedging reserve
6. Exchange differences from
translation of financial statements
7. Others
VI. Total comprehensive income 58,709,699.92 79,650,264.91
VII. Earnings per share:
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2021 Q1 Report
(I) Basic earnings per share
(Yuan/share)
(II) Diluted earnings per share
(Yuan/share)
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the public
accountant: Wang Li
Consolidated Cash Flow Statement
January - March 2021
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item Q1 2021 Q1 2020
I. Cash flow from operating
activities:
Cash received from sales of goods 1,089,758,485.27 670,762,842.24
or rendering of services
Net increase in customer and
interbank deposits
Net increase in borrowings from
central bank
Net increase in placements from
banks and other financial
institutions
Cash received from premiums
under original insurance contract
Net cash received from
reinsurance business
Net increase in deposits of
policy holders and investments
Cash received from interest,
fees and commissions
Net increase in borrowings
Net increase in repurchase
business capital
Net cash received from
securities trading agency services
Tax rebates 3,124,105.70 209,178.37
Other cash received from 20,519,108.16 17,885,641.65
operating activities
Sub-total of cash inflows from 1,113,401,699.13 688,857,662.26
operating activities
Cash paid for goods and services 420,589,796.75 375,600,732.50
Net increase in customer loans
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2021 Q1 Report
and advances
Net increase in deposits with
PBOC and interbank deposits
Cash paid for compensation
payments under original insurance
contract
Net increase in funds for lending
Cash paid for interests,
handling charges and commissions
Cash paid for policy dividends
Cash paid to and on behalf of 134,515,707.43 109,451,639.45
employees
Taxes and fees paid 72,766,684.10 103,204,057.73
Cash paid for other operating 430,498,541.95 235,474,500.06
activities
Sub-total of cash outflows 1,058,370,730.23 823,730,929.74
from operating activities
Net cash flow generated from 55,030,968.90 -134,873,267.48
operating activities
II. Cash flow from investing
activities:
Cash received from disposal of 161,450,000.00
investments
Cash received from returns on 2,584,761.19
investments
Net cash received from disposal 1,000.00
of fixed assets, intangible assets
and other long-term assets
Net cash received from disposal
of subsidiaries and other
operating entities
Other cash received relating to
investing activities
Sub-total of cash inflows from 1,000.00 164,034,761.19
investing activities
Cash paid for purchase and 45,788,653.75 28,965,968.91
construction of fixed assets,
intangible assets and other
long-term assets
Cash paid for investment 46,000,000.00
Net increase in pledged loans
Net cash paid for acquiring
subsidiaries and other operating
28 / 32
2021 Q1 Report
entities
Other cash paid relating to
investing activities
Sub-total of cash outflows 45,788,653.75 74,965,968.91
from investing activities
Net cash flow generated from -45,787,653.75 89,068,792.28
investing activities
III. Cash flow from financing
activities:
Proceeds received from financing
activities
Where: Cash received by
subsidiaries from minority
shareholders’ investment
Cash received from borrowings 99,000,000.00
Other cash received from
financing-related activities
Sub-total of cash inflows from 99,000,000.00
financing activities
Cash repayments of borrowings 99,000,000.00 212,186,065.10
Dividends paid, profit 2,852,875.00 995,745.51
distributed or interest paid
Where: Dividend and profit paid
by subsidiaries to minority
shareholders
Other cash paid for 486,631.52
financing-related activities
Sub-total of cash outflows 102,339,506.52 213,181,810.61
from financing activities
Net cash flow from financing -102,339,506.52 -114,181,810.61
activities
IV. Effects of exchange rate -364,177.76 631,177.97
fluctuations on cash and cash
equivalents
V. Net increase in cash and cash -93,460,369.13 -159,355,107.84
equivalents
Add: Cash and cash equivalents at 1,401,850,754.88 1,099,092,785.07
the beginning of the period
VI. Cash and cash equivalents at 1,308,390,385.75 939,737,677.23
the end of the period
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the public
accountant: Wang Li
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2021 Q1 Report
Cash Flow Statement of Parent Company
January - March 2021
Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
Item Q1 2021 Q1 2020
I. Cash flow from operating
activities:
Cash received from sales of goods 480,216,369.75 492,805,384.33
or rendering of services
Tax rebates 2,938,756.09 207,716.60
Other cash received from 7,876,767.73 10,381,506.87
operating activities
Sub-total of cash inflows from 491,031,893.57 503,394,607.80
operating activities
Cash paid for goods and services 325,323,478.45 252,752,839.96
Cash paid to and on behalf of 52,783,929.43 37,260,964.23
employees
Taxes and fees paid 10,529,293.56 78,306,605.30
Cash paid for other operating 92,129,423.47 248,182,527.49
activities
Sub-total of cash outflows 480,766,124.91 616,502,936.98
from operating activities
Net cash flow generated from 10,265,768.66 -113,108,329.18
operating activities
II. Cash flow from investing
activities:
Cash received from disposal of 506,383.08 160,000,000.00
investments
Cash received from returns on 2,584,761.19
investments
Net cash received from disposal
of fixed assets, intangible assets
and other long-term assets
Net cash received from disposal
of subsidiaries and other
operating entities
Other cash received relating to
investing activities
Sub-total of cash inflows from 506,383.08 162,584,761.19
investing activities
Cash paid for purchase and 41,937,274.62 28,948,491.03
construction of fixed assets,
intangible assets and other
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2021 Q1 Report
long-term assets
Cash paid for investment 500,000.00 47,000,000.00
Net cash paid for acquiring
subsidiaries and other operating
entities
Other cash paid relating to
investing activities
Sub-total of cash outflows 42,437,274.62 75,948,491.03
from investing activities
Net cash flow generated from -41,930,891.54 86,636,270.16
investing activities
III. Cash flow from financing
activities:
Proceeds received from financing
activities
Cash received from borrowings
Other cash received from
financing-related activities
Sub-total of cash inflows from
financing activities
Cash repayments of borrowings 85,130,289.87
Dividends paid, profit 1,900,000.00 835,248.84
distributed or interest paid
Other cash paid for
financing-related activities
Sub-total of cash outflows 1,900,000.00 85,965,538.71
from financing activities
Net cash flow from financing -1,900,000.00 -85,965,538.71
activities
IV. Effects of exchange rate
fluctuations on cash and cash
equivalents
V. Net increase in cash and cash -33,565,122.88 -112,437,597.73
equivalents
Add: Cash and cash equivalents at 484,019,222.50 255,868,964.43
the beginning of the period
VI. Cash and cash equivalents at 450,454,099.62 143,431,366.70
the end of the period
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the public
accountant: Wang Li
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2021 Q1 Report
4.2 Particulars on adjustment to the financial statements at the beginning of the year
for the first implementation of new standards for lease from 2021
□ Applicable√ Not applicable
According to the Notice on Revising and Issuing Accounting Standards for Business
Enterprises No. 21 – leases (CK [2018] No.35) issued by the Ministry of Finance, the
Company shall implement the above new standards for lease since 1 January 2021. The
self-inspection of the Company indicates that implementation of the relevant standards
has no impact on the statement items, so no retrospective adjustment is required.
4.3 Description on retrospective adjustment to previous comparative data for the first
implementation of new standards for lease from 2021
□ Applicable√ Not applicable
4.4 Auditor’s report
□ Applicable√ Not applicable
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