So-Young International (SY) has released an update.
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So-Young International has reported a slight revenue increase to RMB318.3 million in Q1 2024, surpassing previous guidance but facing a widened net loss compared to the same period last year. Despite a decrease in medical service subscribers and average mobile MAUs, the company’s sales of medical products and maintenance services grew by 23.3%. The company’s CEO expressed confidence in the future growth and value creation from their expansion efforts and vertical integration strategy.
For further insights into SY stock, check out TipRanks’ Stock Analysis page.