珀莱雅：珀莱雅化妆品股份有限公司2025年年度报告（英文版）

ImportantNotes I.TheBoardofDirectors,directors,andseniormanagementwarrantthetruthfulness,accuracy,andcompleteness of the contents in this Annual Report,confirm that there are nomisrepresentationsormisleadingstatementscontainedinormaterialomissionsfromthisAnnualReport,andagreetoassumeseveralandjointlegalresponsibilitiesinconnectionwiththisAnnualReport. II.AlldirectorsoftheCompanyattendedthemeetingoftheBoardofDirectors. III.Pan-ChinaCertifiedPublicAccountantsLLPhasissuedastandardunqualifiedauditor’sreportfortheCompany. IV.HouJuncheng,ChairmanoftheCompany,JinChang,CFO,andMaNan,personinchargeoftheAccountingDepartment(andHeadoftheAccountingDepartment)oftheCompanyrepresentandwarrantthatthefinancialreportintheAnnualReportisauthentic,accurateandcomplete. V.ProfitdistributionplanorcapitalreservecapitalizationplanforthereportingperiodadoptedbytheBoardthroughresolution TheCompanyproposestodistributeacashdividendofRMB12(taxinclusive)forevery10sharestoallregisteredshareholdersbasedonthetotalsharecapital(excludingthesharesheldintheCompany'sspecialsecuritiesaccountforrepurchase)asoftherecorddateforequitydistribution.Basedonthetotalsharecapitalof395,975,998sharesasofDecember31,2025,andafterdeducting2,210,825sharesheldintheCompany'sspecialsecuritiesaccountforrepurchase,theestimatedaggregatecashdividendtobedistributedwillbeRMB472,518,207.60(taxinclusive).Nocapitalizationofthecapitalreserveintosharecapitalandnobonusshareswillbeimplemented.Priortotherecorddateforequitydistribution,iftheCompany'stotalsharecapitalchangesduetotheconversionofconvertiblebondsorotherreasons,thedistributionratiopersharewillremainunchanged,andthetotaldistributionamountwillbeadjustedaccordingly.TheCompanycompletedtheimplementationofits2025semi-annualprofitdistributionplanon October17,2025.A cash dividend of RMB 0.80 per share(tax inclusive)was distributed to allshareholders,basedon393,794,467shares.Thissharecountwasderivedfromthetotalsharecapitalof396,005,292sharesasoftheequitydistributionrecorddate,afterdeducting2,210,825sharesheldintheCompany'sspecialsecuritiesaccountforrepurchases.ThetotalcashdividenddistributedamountedtoRMB315,035,573.60(taxinclusive).Insummary,theCompany'stotalcashdividendsfor2025(includingtheproposedannualcash dividenddistributionandthesemi-annualcashdividend)represented52.58%ofthenetprofitattributabletoshareholdersofthelistedcompanyinthe2025consolidatedfinancialstatements. Asoftheendofthereportingperiod,unrecoveredlossesoftheparentcompanyandtheirimpactontheCompany'sdividendsandothermatters□Applicable√Notapplicable VI.Disclaimerofforward-lookingstatements √Applicable□Notapplicable ThisReportcontainsforward-lookingstatementswhichinvolvethefutureplans,developmentstrategies,etc.oftheCompany,yetdonotconstitutesubstantiveundertakingsoftheCompanytoinvestors.Investorsshouldexercisecautionpriortomakinginvestmentdecisions. VII.Whetherthereisanynon-operationaluseoffundsbythecontrollingshareholderoranyotherrelatedparties No VIII.Whetherthereisanyguaranteeprovidedtoexternalpartiesinviolationoftheprescribed decision-makingprocedures IX.Whether more than half of the directors cannot ensure the authenticity,accuracy,and completenessoftheCompany'sdisclosedannualreport No X.Significantriskwarning TheCompanyhasdisclosedtheexistingrisksindetailsinthisReport.Referto"(IV)Potentialrisks"of"VI.DiscussionandanalysisofthefuturedevelopmentoftheCompany"in"SectionIIIManagementDiscussionandAnalysis"fordetails. XI.Others □Applicable√Notapplicable TableofContents SectionIDefinitions............................................................................................................................5SectionIICompanyProfileandKeyFinancialIndicators...................................................................7SectionIIIManagementDiscussionandAnalysis...............................................................................12SectionIVCompanyGovernance,Environment,andSociety............................................................68SectionVImportantMatters...............................................................................................................92SectionVIShareholdersandChangesinShares................................................................................146SectionVIIInformationonBonds.......................................................................................................155SectionVIII FinancialReport...............................................................................................................161 DocumentsAvailableforInspectionFinancialstatementssignedandsealedbythelegalrepresentative,thepersoninchargeofaccountingworkandthepersoninchargeofaccountinginstitutionTheoriginalcopyoftheauditor'sreportsealedbytheaccountingfirmandsealedandsignedbycertifiedpublicaccountantsOriginalsofalldocumentsandannouncementsoftheCompanypubliclydisclosedonthenewspapersspecifiedbyCSRCduringthereportingperiod SectionIDefinitions I.Definitions Unlessthecontextotherwiserequires,thefol