Proya Cosmetics (603605) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 29.76% YoY to RMB 2.253B, while net profit attributable to shareholders fell 61.18% to RMB 88.2M amid higher brand promotion and advertising expenses.

• 9M revenue increased 7.46% to RMB 7.627B and attributable net profit grew 22.46% to RMB 1.256B; the latter included a sizable one-off acquisition remeasurement gain.

Financial highlights

• Q3 total profit was RMB 145.8M, down 46.65% YoY; adjusted net profit, excluding non-recurring gains and losses, was RMB 79.0M, down 65.20%.

• 9M total profit was RMB 1.485B, up 16.79%; adjusted net profit was RMB 743.3M, down 25.50%.

• 9M net profit was RMB 1.311B, versus RMB 1.055B in 9M 2025; net profit attributable to shareholders was RMB 1.256B.

Segment performance

• Brands Flower Knows, INSBAHA, Off & Relax, and Awaken Seeds entered rapid growth phases, driving increased promotional investment; flagship hero-product launches also lifted promotion and advertising spending.