Yatsen Holding Ltd. ( (YSG) ) has released its Q2 earnings. Here is a breakdown of the information Yatsen Holding Ltd. presented to its investors.
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Yatsen Holding Limited is a prominent China-based beauty group known for its diverse range of color cosmetics and skincare brands, including Perfect Diary and Galénic. The company operates extensively across major e-commerce and social platforms in China, engaging directly with consumers both online and offline.
In its latest earnings report for the second quarter of 2025, Yatsen announced a significant increase in total net revenues, reaching RMB1.09 billion, a 36.8% rise from the previous year. The company also reported a narrowing of its net loss by 77.2%, signaling a positive shift towards profitability.
Key financial highlights include a remarkable 78.7% increase in net revenues from skincare brands and an improvement in gross margin to 78.3%. Operating expenses as a percentage of total net revenues decreased, reflecting better operational efficiency. The company also achieved a non-GAAP net income of RMB11.5 million, a substantial improvement from the previous year’s loss.
Looking forward, Yatsen remains committed to its R&D-driven strategy to enhance product quality and brand equity. The management anticipates continued growth, leveraging its strong performance in skincare and a return to growth in color cosmetics, with expectations of a 15% to 30% increase in net revenues for the third quarter of 2025.