So-Young International Inc. (NASDAQ:SY) Q1 2023 Earnings Conference Call May 22, 2023 7:30 AM ET Company Participants Vivian Xu - IR Xing Jin - Co-Founder, Chairman & CEO Hui Zhao - CFO Conference Call Participants Thomas Chong - Jefferies Nelson Cheung - Citi Chloe Wei - CICC Jessie Xu - Credit Suisse Operator Ladies and gentlemen, thank you for standing by for So-Young's First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference call is being recorded. I would n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the fiscal year ended December 31, 2022. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-38878 So-Young International Inc. Tower E, Ronsin Technology Center Chaoyang District, Beijing People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20- ...

Financial Data and Key Metrics Changes - For Q4 2022, total revenue was RMB 325.1 million, down 27.7% from RMB 449.5 million in Q4 2021, primarily due to COVID-19 impacts and a slowdown in the consumer market [12][15] - Non-GAAP net income for Q4 2022 was RMB 38.8 million, compared to RMB 62.9 million in the same period of 2021 [14][15] - Full year 2022 total revenues were RMB 1.26 billion, down 25.7% year-over-year [15] - Net loss for the full year 2022 was RMB 65.6 million, compared to a net loss of RMB 8.4 million in 2021 [15][16] - As of December 31, 2022, cash and cash equivalents totaled RMB 1.6 billion, down from RMB 1.8 billion a year earlier [16] Business Line Data and Key Metrics Changes - Information services and other revenues in Q4 2022 were RMB 233.9 million, down 32.1% year-over-year [13] - Reservation services revenue decreased by 37.2% year-over-year to RMB 26.0 million [13] - Sales of equipment and maintenance services revenue were RMB 65.3 million, slightly up from RMB 63.8 million in Q4 2021 [13] Market Data and Key Metrics Changes - The user base for medical aesthetics in China is expanding, particularly among the urban middle class, with increased demand for premium services [5][6] - The recovery of user orders in Tier 1 and Tier 2 cities has rebounded to levels seen in 2021, while orders in Tier 3 and Tier 4 cities have only recovered to 2022 levels [20][21] Company Strategy and Development Direction - The company plans to strengthen its community business and enhance user trust and engagement [8][9] - So-Young Prime, a self-operated service platform for non-surgical medical aesthetics, aims to improve service quality and user experience [6][9] - The company is focusing on expanding its market penetration and optimizing its supply chain to drive repeat purchases [9][10] Management Comments on Operating Environment and Future Outlook - Management holds a cautiously optimistic outlook for 2023, depending on the recovery pace of the overall consumption environment and the medical aesthetics market [20] - The company anticipates that the medical aesthetics market will continue to grow, particularly for light medical aesthetics services [10][25] - Management emphasized the importance of integrating supply chain capabilities to enhance service delivery and create competitive barriers [25][26] Other Important Information - The company has observed evolving consumer demands, with a focus on quality, safety, and rational pricing among middle-class medical aesthetics consumers [28] - The company aims to leverage its community e-commerce business to improve the efficiency of the medical aesthetics industry [26] Q&A Session Summary Question: Can you share about your marketing strategies and expected user base in 2023? - Management plans to ramp up marketing strategies while emphasizing efficiency and accuracy, focusing on private domain operations to increase user engagement and repurchase rates [17][18] Question: What is management's view on the recovery stage of the medical aesthetics industry in 2023? - Management sees a cautiously optimistic outlook, with rapid recovery in Tier 1 and Tier 2 cities, while institutions remain cautious in their marketing spending [20][21] Question: Could you revisit your thoughts on business volume in the short to medium term and the competitive landscape? - The growth driver will be the expansion of the non-surgical market, with plans to enhance service delivery and improve user penetration rates [23][24]

So-Young International Inc. (NASDAQ:SY) Q3 2022 Results Conference Call November 18, 2022 7:00 AM ET Company Participants Vivian Xu - IR Xing Jin - Co-Founder, Chairman & CEO Conference Call Participants Chloe Wei - CICC Nelson Cheung - Citi Ingrid Zhang - UBS Leo Chiang - Deutsche Bank Thomas Chong - Jefferies Operator Good morning, ladies and gentlemen, and thank you for standing by for So-Young's Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is bei ...

So-Young International Inc. (NASDAQ:SY) Q2 2022 Earnings Conference Call August 16, 2022 7:30 AM ET Company Participants Vivian Xu – Investor Relations Min Yu – Chief Financial Officer and Director Conference Call Participants Thomas Chong – Jefferies Nelson Cheung – Citi Leo Chiang – Deutsche Bank Chloe Huang – CICC Operator Good morning, ladies and gentlemen, and thank you for standing by for So-Young's Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. ...

So-Young International Inc. (NASDAQ:SY) Q3 2021 Results Conference Call November 19, 2021 7:00 AM ET Company Participants Vivian XU - IR Xing Jin - CEO Min Yu - CFO Conference Call Participants Thomas Chong - Jefferies Nelson Cheung - Citi Vincent Yu - Needham & Company Leo Chiang - Deutsche Bank Shiqi Ge - CICC Operator Good morning, ladies and gentlemen, and thank you for standing by for So-Young's Third Quarter 2021 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is be ...

So-Young International, Inc. (NASDAQ:SY) Q2 2021 Earnings Conference Call September 10, 2021 7:30 AM ET Company Participants Vivian Xu - IR Xing Jin - Co-Founder, Chairman and CEO Min Yu - CFO Conference Call Participants Thomas Chong - Jefferies Nelson Cheung - Citi Leo Chiang - Deutsche Bank Vincent Yu - Needham & Company Operator Good morning, ladies and gentlemen, and thank you for standing by for So-Young's Second Quarter 2021 Earnings Conference Call. At this time all participants are in a listen-only ...