Yatsen cuts Q2 revenue view to RMB 772.7M-RMB 815.6M from RMB 858.6M-RMB 901.5M

The company said, “Yatsen provided an updated revenue outlook for the second quarter. The company currently expects its revenue for the second quarter to be in the range of RMB 772.7M to RMB 815.6M, representing a year-over-year decrease of approximately 5% to 10%, compared to the previously stated range of RMB 858.6M to RMB 901.5M, representing a year-over-year increase of approximately 0% to 5%. The foregoing reflects the company’s current and preliminary views on the market and operational conditions, which are subject to change.”