So-Young International Sees Mixed Q1 Results

So-Young International (SY) has released an update.

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.

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