Yatsen Holding (YSG) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yatsen Holding, a prominent beauty group in China, has reported a marginal revenue increase of 1.0% in Q1 2024, reaching RMB773.4 million. Despite the revenue growth, the company experienced a significant net loss of RMB124.9 million, contrasting with a net income in the previous year. The company attributed the loss to increased investments in marketing and new product launches, even as it saw an improvement in gross margin to 77.7%.
For further insights into YSG stock, check out TipRanks’ Stock Analysis page.