Strong Revenue Growth
Total net revenues increased by 47.5% year over year, reaching RMB 998.4 million, exceeding the high end of guidance.
Skincare Segment Expansion
Skincare brands grew by 83.2% year over year and now account for 49.2% of total revenue.
Improved Profitability Metrics
Net loss margin improved significantly from 17.9% in the prior year period to 7% this quarter.
Product Innovation and Development
Continued focus on R&D with successful product launches like the number one VC Serum and the number three VB7.
Operational Efficiency Gains
Total operating expenses as a percentage of total net revenues decreased from 96.8% to 86.5%.