Today (October 23rd), Proya Cosmetics Co., Ltd. (referred to as “Proya”) released its financial report for the third quarter of 2023.
According to the report, Proya’s operating income for the third quarter of 2023 was 1.622 billion yuan ($221.7 million), a year-on-year increase of 21.36%. The net profit attributable to shareholders of the listed company was 246 million yuan ($33.62 million), a year-on-year increase of 24.24%. The operating income for the period from January to September 2023 was 5.249 billion yuan ($717.3 million), a year-on-year increase of 32.47%. The net profit attributable to shareholders of the listed company was 746 million yuan ($101.95 million), a year-on-year increase of 50.60%.
Proya stated that the online channel revenue has grown year-on-year in the first nine months of this year, and the fast growth of the second growth curve brand has driven the overall increase in operating income. The total net profit attributable to shareholders of the listed company increased by 57.59% year-on-year, with operating income increasing by 32.47%, gross profit increasing by 35.81%, and net profit increasing by 53.70%.
Specifically, in the third quarter of this year, Proya’s main products were still dominated by skincare products (including cleansing), with a revenue of 1.37 billion yuan ($187.2 million). The second category was beauty and cosmetics, with a revenue of 197 million yuan ($26.92 million). The revenue from hair care products was 51.09 million yuan ($6.98 million).
It is worth noting that in the first half of this year, Proya’s revenue was close to that of Shanghai Jahwa, with the two companies’ revenues being 3.627 billion yuan ($495.7 million) and 3.629 billion yuan ($495.9 million), respectively, with a difference of only 2 million yuan ($273,300).