Proya Group’s Operating Revenue Up 37.82%
- Chaileedo Press
- Apr 20, 2023
- 2 min read
Updated: Jun 12, 2023
Proya Group, the Chinese beauty giant, reported the company’s operating revenue reached 6.385 billion yuan ($928.04 million) in 2022, with an increase of 37.82%.
Proya Group, the Chinese beauty giant, announced its 2022 annual report. According to the financial report, in 2022, Proya Group’s revenue reached 6.385 billion yuan ($928.04 million), with an increase of 37.82% compared to 2021, while net profit increased 41.88% to 817 million yuan ($1.188 million).
Since Proya Group went public in 2017, Proya Group has achieved double-digit operating revenue growth for five consecutive years, Moreover, not only did Proya Group’s operating revenue exceed the 6 billion yuan ($872.02 million) for the first time, but its flagship brand, Proya, also exceed 5 billion yuan ($726.28 million) for the first time, becoming the top domestic beauty brand in terms of revenue.
In terms of brands, the performance of the Proya brand is impressive. Its operating revenue exceeded 5 billion yuan ($726.28 million) for the first time, reaching 5.264 billion yuan ($765.05 million), with an increase of 37.46% compared to 2021. The operating revenue of the color cosmetic brand Timage reached 572 million yuan ($83.13 million), a year-on-year increase of 132.04%. Proya's cross-border agency brand revenue was only 50 million yuan ($7.267 million), down 63.01%.
In addition, in terms of product categories, the operating revenue of skin care (including skin cleansing) products reached 5.484 billion yuan ($797.02 million), saw growth of 38.56%, accounting for 86.20% of its total operating revenue. The operating revenue of Make-up cosmetics products was increase by 21.70% to 752 million yuan ($109.29 million), accounting for 11.82% of total operating revenue.
From the perspective of channels, Proya Group online channel operating revenue reached 5.788 billion yuan ($839.75 million) in 2022, saw growth of 47.50%, accounting for 90.98% of the total main business revenue. While offline operating revenue reported decrease of 17.62%. Proya stated in the financial report that the company's main business growth in 2022 is mainly due to the relatively high growth of its online channels.
Moreover, after completing a remarkable performance in 2022, Proya Group also maintained a steady growth momentum at the beginning of this year. According to its 2023 Q1 report, Proya Group achieved a total operating revenue of 1.622 billion yuan ($839.75 million) in the first three months in 2023, saw growth of 29.27%.
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