Stock Code: 603605 Stock Code: Proya
Proya Cosmetics Co., Ltd.
2021 Q1 Report
Contents
I Important Notice ...... 3
II General Information about the Company ...... 3
III Major Events ...... 10
IV Appendixes ...... 16
I Important Notice
1.1 The Board of Directors, Board of Supervisors, directors, supervisors and seniormanagement of the Company warrant that the contents of the quarterly report are true,accurate and complete, without any misrepresentation, misleading statements ormaterial omissions, and will severally and jointly bear the legal responsibilitiesthereof.
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 thetruthfulness, accuracy and completeness of the financial report in this quarterlyreport.
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
| Item | End of the Reporting Period | End of last year | Year-on-year change (%) |
| Total asset | 3,473,279,571.50 | 3,636,882,185.29 | -4.50 |
| Net assets attributable to shareholders of the listed company | 2,505,261,008.65 | 2,391,535,435.94 | 4.76 |
| Item | From the beginning of the year to the end of the Reporting Period | From the beginning of last year to the end of the Reporting Period of last year | Year-on-year increase or decrease (%) |
| Net cash flow generated from operating activities | 55,030,968.90 | -134,873,267.48 | Not applicable |
| Item | From the beginning of the year to the end of the Reporting Period | From the beginning of last year to the end of the Reporting Period of last year | Year-on-year increase or decrease (%) |
| Revenue | 905,464,673.13 | 608,193,650.94 | 48.88 |
| Net profits attributable to shareholders of the listed company | 109,895,944.66 | 77,728,276.22 | 41.38 |
| Net profit attributable to shareholders of the listed companies, net of non-recurring gains and losses | 107,715,991.57 | 83,469,428.49 | 29.05 |
| Weighted average ROE (%) | 4.49 | 3.75 | Increase by 0.74 percentage points |
| Basic earnings per share (Yuan/share) | 0.55 | 0.39 | 41.03 |
| Diluted earnings per share (Yuan/share) | 0.55 | 0.39 | 41.03 |
Items and Amounts of Non-recurring Gains or Losses
√ Applicable□ Not applicable
Unit: Yuan Currency: RMB
| Item | Amount in the current period | the situation |
| Gains or losses on disposal of non-current assets | -1,416.28 | |
| Tax returns and exemption with approval exceeding one's authority or without formal approval document, or on an accidental basis | ||
| Government grants included in profits and losses for the | 2,895,914.45 |
| 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 |
| 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 and expenses, other than the above items | 548,615.47 | |
| Other profit and loss items conforming to the definition of non-recurring gains and losses | ||
| Effect of minority equity (after-tax) | -574,005.20 | |
| 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 sellingrestrictions) as at the end of the Reporting Period
Unit: Share
| Total number of shareholders | 20,423 | |||||
| Shareholdings of the top ten shareholders | ||||||
| Name of shareholder (full name) | Number of shares held as at the end of the period Number | Percentage (%) | Number of shares held subject to selling restrictions | Pledged or frozen | Nature of shareholder | |
| Share status | Number | |||||
| Hou Juncheng | 71,875,631 | 35.74 | 0 | None | Domestic natural person | |
| Fang Yuyou | 44,065,929 | 21.91 | 0 | Pledge | 14,900,000 | Domestic natural person |
| Hong Kong Securities Clearing Company Limited | 21,145,826 | 10.51 | 0 | None | Others | |
| Li Xiaolin | 5,474,222 | 2.72 | 0 | None | Domestic natural person | |
| Xu Junqing | 5,398,031 | 2.68 | 0 | None | Domestic natural person | |
| Cao Liangguo | 4,078,938 | 2.03 | 0 | None | Domestic natural person | |
| China Construction Bank Corporation - Yinhua Fuyu Theme Hybrid Securities 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） | 2,100,000 | 1.04 | 0 | None | Others | |
| Industrial and Commercial Bank of China Limited-Invesco Great Wall Emerging Mature and Hybrid 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） | 1,700,000 | 0.85 | 0 | None | Others | |
| China Citic Bank Corporation Limited - China ABC-CA Strategy Selected Hybrid Securities 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） | 1,069,641 | 0.53 | 0 | None | Others | |
| Abu Dhabi Investment Authority | 997,598 | 0.50 | 0 | None | Others | |
| Shareholdings of the top ten shareholders of non-restricted circulating shares | ||||||
| Name of shareholder | Number of non-restricted circulating shares held | Type and number of shares | |
| Type | Number | ||
| Hou Juncheng | 71,875,631 | Ordinary RMB Shares | 71,875,631 |
| Fang Yuyou | 44,065,929 | Ordinary RMB Shares | 44,065,929 |
| Hong Kong Securities Clearing Company Limited | 21,145,826 | Ordinary RMB Shares | 21,145,826 |
| Li Xiaolin | 5,474,222 | Ordinary RMB Shares | 5,474,222 |
| Xu Junqing | 5,398,031 | Ordinary RMB Shares | 5,398,031 |
| Cao Liangguo | 4,078,938 | Ordinary RMB Shares | 4,078,938 |
| China Construction Bank Corporation - Yinhua Fuyu Theme Hybrid Securities 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） | 2,100,000 | Ordinary RMB Shares | 2,100,000 |
| Industrial and Commercial Bank of China Limited-Invesco Great Wall Emerging Mature and Hybrid 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） | 1,700,000 | Ordinary RMB Shares | 1,700,000 |
| China Citic Bank Corporation Limited – ABC-CA Strategy Selected Hybrid Securities 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） | 1,069,641 | Ordinary RMB Shares | 1,069,641 |
| Abu Dhabi Investment Authority | 997,598 | Ordinary RMB Shares | 997,598 |
| Explanation on the related relationship or parties acting in concert among the above shareholders | Fang Yuyou is the younger brother of Hou Juncheng's spouse Fang Aiqin, so Hou Juncheng and Fang Yuyou are related. | ||
| Explanation on the preference shareholders with voting rights restored and their shareholdings | None |
2.3 Total number of shareholders of preferred shares and shareholdings of the top tenshareholders of preferred shares and the top ten shareholders of preferred sharesin circulation not subject to selling restrictions as at the end of the ReportingPeriod
□ Applicable√ Not applicable
III Major Events
3.1 Particulars and reasons for material changes in major accounting statement items andfinancial indicators of the Company
√ Applicable□ Not applicable
| Items in balance sheet | Amount as at the end of the Reporting Period | Amount as at the end of prior year | Change ratio (%) | Explanation |
| Receivables financing | 7,523,263.60 | 5,531,997.32 | 36.00 | Mainly due to the 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 receivables | 64,220,393.52 | 48,733,527.35 | 31.78 | Mainly due to the increase of tender security for “Huzhou Production Base Expansion Project” |
| Construction in progress | 69,413,005.53 | 47,324,523.36 | 46.67 | Mainly due to the investment for steel structure works of “Huzhou Expansion Project” in this |
| quarter | ||||
| Deferred income tax assets | 29,979,586.33 | 46,660,550.76 | -35.75 | Mainly due to the unlocking of 293,265 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 non-current assets | 16,782,105.25 | 87,322,780.03 | -80.78 | RMB 81.6 million paid for the land in Longwu, 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 borrowings | 200,000,000.00 | 299,280,435.09 | -33.17 | Mainly due to the repayment of the principal of RMB 99 million and interest for short-term borrowings from bank in this quarter |
| Accounts payable | 319,300,759.09 | 515,832,031.27 | -38.10 | Mainly due to the 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 liabilities | 58,240,788.42 | 30,618,778.99 | 90.21 | Mainly due to the increase of over RMB 28 million in accounts received in advance |
| Employee benefits payable | 45,100,485.24 | 70,828,239.70 | -36.32 | Mainly due to the payment of year-end performance bonus withheld at the end of prior in the current |
| period and the decrease of balance | ||||
| Other current liabilities | 4,086,034.07 | 1,439,262.02 | 183.90 | Mainly due to the increase of accounts received in advance in the contract liabilities and the corresponding increase of output taxes to be transferred |
| Treasury shares | 7,688,928.80 | 12,653,905.25 | -39.24 | Mainly due to the 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 statement | Amount from the beginning of the year to the end of the Reporting Period | Amount from the beginning of last year to the end of the reporting period of last year | Change ratio (%) | Explanation |
| 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 surcharges | 8,144,353.90 | 4,457,361.86 | 82.72 | Mainly due to the year-on-year increase of VAT surcharge |
| Selling expenses | 377,754,359.96 | 197,193,427.03 | 91.57 | Mainly due to the year-on-year increase of 140.07% of image promotion expense in the current period |
| Financial expenses | 1,606,197.54 | -890,731.84 | Not applicable | Mainly due to the year-on-year increase of interest expense |
| Other income | 3,530,669.17 | 5,359,718.92 | -34.13 | Mainly due to the year-on-year decrease of government grant |
| Credit impairment losses | 2,274,620.44 | 3,762,697.79 | -39.55 | Mainly due to the changes in the balance of bad debt provisions calculated by account age of receivables |
| Asset impairment losses | -328,307.81 | -3,654,227.45 | Not applicable | Mainly due to the year-on-year decrease of inventory devaluation loss provisions |
| Non-operating expenses | 54,523.45 | 12,284,163.50 | -99.56 | Mainly due to the donation of RMB 12.26 million against COVID-19 in the same period last year |
| Items of the cash flow statement | Amount from the beginning of the year to the end of the Reporting Period | Amount from the beginning of last year to the end of the reporting period of last year | Change ratio (%) | Explanation |
| Net cash flow generated from operating activities | 55,030,968.90 | -134,873,267.48 | Not applicable | The year-on-year net flow increased by RMB 190 million, mainly due 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 generated from investing | -45,787,653.75 | 89,068,792.28 | -151.41 | The year-on-year net flow decreased by RMB 135 million, mainly due |
| 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 from financing activities | -102,339,506.52 | -114,181,810.61 | Not applicable | The year-on-year net flow increased by RMB 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 from sales of goods or rendering of services | 1,089,758,485.27 | 670,762,842.24 | 62.47 | Main reasons: 1. The year-on-year increase of online sales and the increase of payment 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 |
| period | ||||
| Cash paid for other operating activities | 430,498,541.95 | 235,474,500.06 | 82.82 | Mainly due to the year-on-year increase of image promotion expense in the current period |
| Cash received from disposal of investments | 161,450,000.00 | -100.00 | Mainly due to the redemption of wealth management products in the same period last year | |
| Cash received from returns on investments | 2,584,761.19 | -100.00 | Mainly due to the earnings change from wealth management products | |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 45,788,653.75 | 28,965,968.91 | 58.08 | Mainly due to the project funds paid for steel structure of “Huzhou Expansion Project” paid in this quarter |
| Cash paid for investment | 46,000,000.00 | -100.00 | Mainly due to the payment of investment of RMB 46 million on the associate - Jiaxing Woyong in the same period last year | |
| Cash received from borrowings | 99,000,000.00 | -100.00 | Mainly due to the short-term bank borrowings of RMB 99 million received in the same period last year | |
| Cash repayments of borrowings | 99,000,000.00 | 212,186,065.10 | -53.34 | Mainly due to the repayment decrease of short-term borrowings from bank |
| Dividends paid, profit distributed or interest paid | 2,852,875.00 | 995,745.51 | 186.51 | Mainly due to the year-on-year increase of the payment for interest on bank |
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 lossor there are material changes compared with the same period of prior year
□ Applicable√ Not applicable
borrowings
Company Name
| Company Name | Proya Cosmetics Co., Ltd. |
| Legal Representative | Hou Juncheng |
| Date | 21 April 2021 |
IV Appendixes
4.1 Financial statements
Consolidated Balance Sheet
31 March 2021Prepared 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 |
| 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 instruments | 20,580,000.00 | 20,580,000.00 |
| 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 |
| 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 |
| 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 liabilities | 6,874,105.45 | 6,874,105.45 |
| Other non-current liabilities | ||
| Total non-current liabilities | 25,039,785.50 | 25,559,558.00 |
| 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 the owners of the parent company | 2,505,261,008.65 | 2,391,535,435.94 |
| Minority equity | 87,008,268.82 | 90,326,830.19 |
| Total owners’ equity (or shareholders’ equity) | 2,592,269,277.47 | 2,481,862,266.13 |
| Total liabilities and owner's equity (or shareholders’ equity) | 3,473,279,571.50 | 3,636,882,185.29 |
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the publicaccountant: Wang Li
Balance Sheet of Parent Company
31 March 2021Prepared by: Proya Cosmetics Co., Ltd.
Unit: Yuan Currency: RMB Audit type: Unaudited
| Item | 31 March 2021 | 31 December 2020 |
| Current assets: |
| 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 instruments | 20,580,000.00 | 20,580,000.00 |
| 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: |
| 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 liabilities | 6,283,428.68 | 6,283,428.68 |
| Other non-current liabilities | ||
| Total non-current liabilities | 14,259,009.51 | 14,778,782.01 |
| 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 |
| 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 shareholders’ equity) | 2,323,674,375.12 | 2,261,163,068.36 |
| Total liabilities and owner's equity (or shareholders’ equity) | 2,959,989,584.33 | 3,043,852,599.65 |
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the publicaccountant: Wang Li
Consolidated Income Statement
January - March 2021Prepared 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 |
| 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 (“-” refers to loss) | -83,299.74 | 527,717.70 |
| Where: Investment income from associates and joint ventures | -79,753.50 | -178,035.72 |
| 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 (“-” refers to loss) | 2,274,620.44 | 3,762,697.79 |
| Losses on assets impairment (“-” refers to loss) | -328,307.81 | -3,654,227.45 |
| Gains from asset disposal (“-” refers to loss) | -1,416.28 | |
| III. Operating profits (“-” refers to loss) | 131,118,397.28 | 108,630,666.54 |
| 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 total loss) | 131,094,456.16 | 96,370,835.96 |
| Less: Income tax expenses | 24,279,745.48 | 19,640,938.36 |
| V. Net profits (“-” refers to net loss) | 106,814,710.68 | 76,729,897.60 |
| (I) Classified by operation continuity | ||
| 1. Net profits from continuing activities (“-” refers to net loss) | 106,814,710.68 | 76,729,897.60 |
| 2. Net profits from discontinuing activities (“-” refers to net loss) | ||
| (II) Classified by ownership | ||
| 1. Net profits attributable to shareholders of the parent company (“-” refers to net loss) | 109,895,944.66 | 77,728,276.22 |
| 2. Profit or loss attributable to minority shareholders (“-” refers to net loss) | -3,081,233.98 | -998,378.62 |
| VI. Net amount of other comprehensive income after tax | -364,177.76 | 631,177.97 |
| (I) Net amount of other comprehensive income after tax attributable to owners of the parent company | -364,177.76 | 631,177.97 |
| 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 be reclassified into profit or loss | -364,177.76 | 631,177.97 |
| (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 | -364,177.76 | 631,177.97 |
| (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 attributable to owners of the parent company | 109,531,766.90 | 78,359,454.19 |
| (II) Total comprehensive income attributable to minority shareholders | -3,081,233.98 | -998,378.62 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share (Yuan/share) | 0.55 | 0.39 |
| (II) Diluted earnings per share (Yuan/share) | 0.55 | 0.39 |
In case of business merger under common control, net profit realized by the acquiree beforethe merger in the current period was: RMB 0; net profit realized by the acquiree in theprior period was: RMB 0.Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the publicaccountant: Wang Li
Income Statement of Parent Company
January - March 2021Prepared 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 (“-” refers to loss) | -35,243.81 | 611,430.53 |
| Where: Investment income from associates and joint ventures | -35,243.81 | -94,322.89 |
| 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 (“-” refers to loss) | -32,993,248.87 | -5,412,972.27 |
| Losses on assets impairment (“-” refers to loss) | -429,753.06 | -2,429,037.23 |
| Gains from asset disposal (“-” refers to loss) | ||
| II. Operating profits (“-” refers to | 66,982,244.52 | 106,731,903.46 |
| 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 loss) | 66,974,379.74 | 94,468,020.09 |
| Less: Income tax expenses | 8,264,679.82 | 14,817,755.18 |
| IV. Net profits (“-” refers to net loss) | 58,709,699.92 | 79,650,264.91 |
| (I) Net profits from continuing activities (“-” refers to net loss) | 58,709,699.92 | 79,650,264.91 |
| (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: |
| (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 publicaccountant: Wang Li
Consolidated Cash Flow Statement
January - March 2021Prepared 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 or rendering of services | 1,089,758,485.27 | 670,762,842.24 |
| 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 operating activities | 20,519,108.16 | 17,885,641.65 |
| Sub-total of cash inflows from operating activities | 1,113,401,699.13 | 688,857,662.26 |
| Cash paid for goods and services | 420,589,796.75 | 375,600,732.50 |
| Net increase in customer loans |
| 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 employees | 134,515,707.43 | 109,451,639.45 |
| Taxes and fees paid | 72,766,684.10 | 103,204,057.73 |
| Cash paid for other operating activities | 430,498,541.95 | 235,474,500.06 |
| Sub-total of cash outflows from operating activities | 1,058,370,730.23 | 823,730,929.74 |
| Net cash flow generated from operating activities | 55,030,968.90 | -134,873,267.48 |
| II. Cash flow from investing activities: | ||
| Cash received from disposal of investments | 161,450,000.00 | |
| Cash received from returns on investments | 2,584,761.19 | |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 1,000.00 | |
| Net cash received from disposal of subsidiaries and other operating entities | ||
| Other cash received relating to investing activities | ||
| Sub-total of cash inflows from investing activities | 1,000.00 | 164,034,761.19 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 45,788,653.75 | 28,965,968.91 |
| Cash paid for investment | 46,000,000.00 | |
| Net increase in pledged loans | ||
| Net cash paid for acquiring subsidiaries and other operating |
| entities | ||
| Other cash paid relating to investing activities | ||
| Sub-total of cash outflows from investing activities | 45,788,653.75 | 74,965,968.91 |
| Net cash flow generated from investing activities | -45,787,653.75 | 89,068,792.28 |
| 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 financing activities | 99,000,000.00 | |
| Cash repayments of borrowings | 99,000,000.00 | 212,186,065.10 |
| Dividends paid, profit distributed or interest paid | 2,852,875.00 | 995,745.51 |
| Where: Dividend and profit paid by subsidiaries to minority shareholders | ||
| Other cash paid for financing-related activities | 486,631.52 | |
| Sub-total of cash outflows from financing activities | 102,339,506.52 | 213,181,810.61 |
| Net cash flow from financing activities | -102,339,506.52 | -114,181,810.61 |
| IV. Effects of exchange rate fluctuations on cash and cash equivalents | -364,177.76 | 631,177.97 |
| V. Net increase in cash and cash equivalents | -93,460,369.13 | -159,355,107.84 |
| Add: Cash and cash equivalents at the beginning of the period | 1,401,850,754.88 | 1,099,092,785.07 |
| VI. Cash and cash equivalents at the end of the period | 1,308,390,385.75 | 939,737,677.23 |
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the publicaccountant: Wang Li
Cash Flow Statement of Parent Company
January - March 2021Prepared 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 or rendering of services | 480,216,369.75 | 492,805,384.33 |
| Tax rebates | 2,938,756.09 | 207,716.60 |
| Other cash received from operating activities | 7,876,767.73 | 10,381,506.87 |
| Sub-total of cash inflows from operating activities | 491,031,893.57 | 503,394,607.80 |
| Cash paid for goods and services | 325,323,478.45 | 252,752,839.96 |
| Cash paid to and on behalf of employees | 52,783,929.43 | 37,260,964.23 |
| Taxes and fees paid | 10,529,293.56 | 78,306,605.30 |
| Cash paid for other operating activities | 92,129,423.47 | 248,182,527.49 |
| Sub-total of cash outflows from operating activities | 480,766,124.91 | 616,502,936.98 |
| Net cash flow generated from operating activities | 10,265,768.66 | -113,108,329.18 |
| II. Cash flow from investing activities: | ||
| Cash received from disposal of investments | 506,383.08 | 160,000,000.00 |
| Cash received from returns on investments | 2,584,761.19 | |
| 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 investing activities | 506,383.08 | 162,584,761.19 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other | 41,937,274.62 | 28,948,491.03 |
| 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 from investing activities | 42,437,274.62 | 75,948,491.03 |
| Net cash flow generated from investing activities | -41,930,891.54 | 86,636,270.16 |
| 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 distributed or interest paid | 1,900,000.00 | 835,248.84 |
| Other cash paid for financing-related activities | ||
| Sub-total of cash outflows from financing activities | 1,900,000.00 | 85,965,538.71 |
| Net cash flow from financing activities | -1,900,000.00 | -85,965,538.71 |
| IV. Effects of exchange rate fluctuations on cash and cash equivalents | ||
| V. Net increase in cash and cash equivalents | -33,565,122.88 | -112,437,597.73 |
| Add: Cash and cash equivalents at the beginning of the period | 484,019,222.50 | 255,868,964.43 |
| VI. Cash and cash equivalents at the end of the period | 450,454,099.62 | 143,431,366.70 |
Chairman of the Company: Hou Juncheng CFO of the Company: Wang Li Head of the publicaccountant: Wang Li
4.2 Particulars on adjustment to the financial statements at the beginning of the yearfor the first implementation of new standards for lease from 2021
□ Applicable√ Not applicable
According to theNotice on Revising and Issuing Accounting Standards for BusinessEnterprises No. 21 – leases(CK [2018] No.35) issued by the Ministry of Finance, theCompany shall implement the above new standards for lease since 1 January 2021. Theself-inspection of the Company indicates that implementation of the relevant standardshas 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