So-Young International Reports Q3 2025 Financial Results

So-Young International ( (SY) ) has released its Q3 earnings. Here is a breakdown of the information So-Young International presented to its investors.

So-Young International Inc., a prominent aesthetic treatment platform in China, connects consumers with both online services and offline treatments, offering a comprehensive range of aesthetic solutions through its branded centers across major cities.

In its latest earnings report for the third quarter of 2025, So-Young International announced a revenue of RMB386.7 million, marking a 4% increase from the same period in 2024, driven primarily by the expansion of its branded aesthetic centers. However, the company reported a net loss of RMB64.3 million, a significant shift from the net income recorded in the previous year.

Key financial metrics revealed a substantial growth in aesthetic treatment services revenue, which surged by over 300% year-over-year to RMB183.6 million. This growth was offset by declines in other revenue streams, including information and reservation services, which fell by 34.5%, and sales of medical products, which decreased by 25%. The operational expansion also led to increased costs, with the cost of revenues rising by 43.4%.

Operational highlights included a significant increase in the number of verified treatment visits and active users, reflecting the company’s successful expansion strategy. The number of branded aesthetic centers reached 39, with 20 achieving profitability and 29 generating positive cash flow, underscoring the company’s operational efficiency.

Looking ahead, So-Young’s management remains optimistic, projecting continued growth in aesthetic treatment services revenue for the fourth quarter of 2025. The company plans to expand its network to 50 centers by year-end, focusing on enhancing operational efficiency and maintaining a disciplined approach to investment and resource allocation.