Recently, the lists of award winners in the 18th China Listed Company Value Evaluation hosted by the Securities Times have been unveiled. Proya Cosmetics Co., Ltd. (603605.SH) has once again been selected as one of the “Top 100 Most Valuable Listed Companies in China” by virtue of its standardized governance, robust performance, and excellent market image. This marks the sixth consecutive year Proya has been recognized with this award since 2019.

Top 100 Most Valuable Listed Companies (Source: e Company)

As one of the most influential awards in the listed company sector presented by a mainstream domestic financial media platform, this year’s event maintained a high-standard judging panel. It was guided by the China Association for Public Companies (CAPC), and jointly reviewed by experts and scholars from the research centers of the three major stock exchanges, renowned securities firms’ research institutes, public funds, and private funds. After conducting a comprehensive assessment of listed companies based on indicators such as economic performance, profitability, growth prospects, and information disclosure quality, the judges ultimately selected the qualified listed companies.

In recent years, Proya has attached great importance to information disclosure and strictly fulfilled its disclosure obligations. Since 2023, the Company has issued over two hundred announcements, thereby ensuring the effectiveness and consistency of information disclosure. While efficiently conducting routine information disclosure, Proya has also refined its voluntary disclosure content by actively sharing information relevant to investors’ value judgments and investment decisions. In the evaluation results of information disclosure targeted listed companies in Shanghai for 2023-2024 released by the Shanghai Stock Exchange, Proya received an A rating after a comprehensive assessment. Additionally, Proya has continuously improved its corporate governance structure, strengthened its internal control system, and enhanced its standardized operations. The Company has also established the shareholders’ general meeting, the Board of Directors, the Board of Supervisors and the specialized committees under the Board of Directors. Corresponding rules of procedure have been formulated to clarify the responsibilities, authorities, procedures, and obligations of various bodies at different levels in decision-making, supervision, and execution. A scientific and effective governance structure has thus been formed, characterized by clear accountability, mutual checks and balances, and coordinated cooperation.

Proya actively rewards its investors by implementing share repurchases and paying sustained dividends to enhance investors’ sense of satisfaction. Based on the confidence in the Company’s future sustainable development and recognition of its value, in December 2023, Proya repurchased shares through centralized bidding. In January 2024, the Company completed the repurchase plan, repurchasing 2,210,825 shares at a total cost of RMB192.1157 million (excluding transaction costs such as stamp taxes and commissions). Since its listing, the Company has distributed cash dividends every year, with a cumulative amount (from 2017 to 2023) of RMB1.341 billion (tax inclusive). The annual cash dividends account for more than 30% of the net profit attributable to shareholders of the listed company in the consolidated statements of the year.

In 2023, the Company achieved an operating revenue of RMB8.905 billion, up by 39.45% YOY; net profit attributable to shareholders of the listed company reached RMB1.194 billion, up by 46.06% YOY, and operating cash flow was RMB1.469 billion, an increase of 32.19% over the same period last year. The Company demonstrated its significant enhancement in profitability, up to the best level on record. As of the end of 2023, Proya has maintained a steady double-digit growth in operating revenue for six consecutive years. In the first three quarters of 2024, the Company achieved an operating revenue of RMB6.966 billion, up by 32.72% YOY; and net profit attributable to shareholders of the listed company reached RMB999 million, up by 33.95% YOY.

The award proves that the Company’s comprehensive strength has once again been highly recognized by the capital market. Looking ahead, Proya will continue to enhance its operating quality and core competitiveness, and boost its high-quality development with sound management.