GUANGZHOU, China, May 15, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that it will release its unaudited financial results for the first quarter of 2024, on Wednesday, May 22, 2024, before the open of the U.S. markets.The Company's management will hold a conference call on Wednesday, May 22, 2024 at 7:30 A.M. U.S. Eastern Time (7:30 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access ...

Financial Position - As of December 31, 2023, the company's cash, cash equivalents, and restricted cash totaled RMB858.1 million (US$120.9 million), down from RMB1.55 billion in 2022 and RMB3.14 billion in 2021[586][588]. - The company reported a significant decrease in cash and cash equivalents from RMB3.14 billion in 2021 to RMB858.1 million in 2023, indicating liquidity challenges[586][588]. - The company anticipates that its current cash and cash equivalents will be sufficient to meet working capital requirements for at least the next 12 months[588]. - As of December 31, 2023, the company's capital commitments totaled RMB346.7 million, with RMB184.7 million due within one year[599]. - The company had short-term investments amounting to RMB1.22 billion (US$171.6 million) as of December 31, 2023[586]. Cash Flow Activities - Net cash used in operating activities in 2023 was RMB107.4 million (US$15.1 million), with a net loss of RMB750.2 million (US$105.7 million) primarily due to non-cash items including goodwill impairment of RMB354.0 million (US$49.9 million)[590]. - Net cash used in investing activities in 2023 was RMB260.5 million (US$36.7 million), mainly due to the purchase of short-term investments totaling RMB2.34 billion (US$329.8 million)[593]. - Net cash used by financing activities in 2023 was RMB342.5 million (US$48.2 million), primarily for the repurchase of ordinary shares amounting to RMB212.7 million (US$30.0 million)[596]. Goodwill and Impairment - Yatsen Holding Limited's goodwill as of December 31, 2023, was RMB 556.6 million (US$ 78.4 million), primarily related to the Eve Lom and DR.WU reporting units[615]. - An impairment charge of RMB 354.0 million (US$ 49.9 million) was recognized for the Eve Lom reporting unit due to lower than expected revenue growth and a shift in strategy[615]. - The fair value of the Eve Lom reporting unit was estimated using a discounted cash flow model and market comparable analysis[615]. - The company conducts annual impairment reviews of goodwill and indefinite-lived intangible assets, with qualitative and quantitative assessments determining fair value[613]. Accounting and Financial Reporting - The company’s financial statements are prepared in accordance with U.S. GAAP, requiring estimates and judgments that affect reported amounts[608]. - The company evaluates its accounting estimates based on historical experience and various assumptions, which could lead to actual results differing from expectations[609]. - Inventory is carried at the estimated lower of cost or market, with obsolete and excess inventory assessed for net realizable value[611]. Legal and Regulatory Compliance - The company is required under PRC law to set aside at least 10% of after-tax profits for statutory reserve funds until these reach 50% of registered capital[605]. - PRC subsidiaries have not paid dividends and will not be able to until they generate accumulated profits and meet statutory reserve fund requirements[605]. Future Outlook - The company expects to moderate capital expenditures, which were RMB44.0 million (US$6.2 million) in 2023, to reserve resources for strategic transformation[597]. - There are no known trends or uncertainties that are likely to materially affect revenues or profitability from January 1, 2024[607].

GUANGZHOU, China, April 11, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that it has received a letter from the New York Stock Exchange ("NYSE") dated April 10, 2024 (the "April Letter"), notifying the Company that it has regained compliance with the NYSE's continued listing criterion of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual (the "NYSE Minimum Price Continued Listing ...

GUANGZHOU, China, March 8, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that, it will change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio") from one (1) ADS representing four (4) Class A ordinary shares to one (1) ADS representing twenty (20) Class A ordinary shares. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for ...

Financial Data and Key Metrics Changes - Total net revenues for Q4 2023 increased by 6.7% year-over-year to RMB 1.07 billion from RMB 1.01 billion [14] - Gross profit for Q4 2023 increased by 10.6% year-over-year to RMB 790.1 million, with gross margin improving to 73.7% from 71.1% [14][15] - Net loss for Q4 2023 was RMB 494.5 million, compared to RMB 55 million for the prior year period, resulting in a net loss margin of 46.1% [19] - For the full year 2023, total net revenues decreased by 7.9% to RMB 3.41 billion from RMB 3.71 billion [20] Business Line Data and Key Metrics Changes - Net revenues from Skincare brands for Q4 2023 grew by 17.6% year-over-year, while Color Cosmetics brands saw a slight decline of 1.8% [6][14] - The gross margin for Q4 2023 improved due to higher sales of premium products and disciplined pricing strategies [15] - R&D expenses as a percentage of revenues were 3.4% for Q4 2023, reflecting a commitment to enhancing research capabilities [12][18] Market Data and Key Metrics Changes - China's beauty market showed modest recovery in 2023, with total beauty retail sales up 1% year-over-year for Q4 [5] - Online beauty sales were mixed, with Tmall sales decreasing while Douyin sales increased year-over-year [5] Company Strategy and Development Direction - The company is focused on building strong brand equity through superior products and consumer satisfaction, alongside continued investments in brand building and R&D [6] - Perfect Diary's brand repositioning is gaining traction, with new product launches contributing significantly to revenue [10][25] Management Comments on Operating Environment and Future Outlook - Management noted a still soft retail environment but expressed optimism about returning to growth and pursuing sustainable growth through innovation [13] - The company expects total net revenues for Q1 2024 to be between RMB 765.4 million and RMB 803.7 million, indicating a year-over-year increase of approximately 0% to 5% [23] Other Important Information - The company recorded an impairment of goodwill of RMB 354 million in Q4 2023, primarily due to weaker operating results than expected at the time of acquisition [18] - The company had cash, restricted cash, and short-term investments of RMB 2.08 billion as of December 31, 2023, down from RMB 2.63 billion a year earlier [22] Q&A Session Summary Question: What is the target revenue contribution from new products for Perfect Diary this year? - Management indicated that new products contributed below 40% in Q4 2023, with expectations to rise above 50% this year [25] Question: How is the performance of brands during the Women's Day shopping festival? - Management noted that the performance is relatively steady, with more resources allocated for larger shopping festivals like 618 and Double 11 [26]

Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on March 6, 2024 GUANGZHOU, China, March 6, 2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights Total net revenues for the fourth quarter of 2023 increased by 6.7% to RMB1.07 billion (US$151.1 million) from RMB1.01 billion for th ...

Exhibit 99.1 Yatsen Announces Fourth Quarter and Full Year 2023 Financial Results Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on March 6, 2024 GUANGZHOU, China, March 6, 2024 – Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights • Total net revenues for the fourth quarter of 2023 increased by 6 ...

GUANGZHOU, China, Feb. 28, 2024 /PRNewswire/ – Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced that it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, March 6, 2024, before the open of the U.S. markets. The Company's management will hold a conference call on Wednesday, March 6, 2024 at 7:30 A.M. U.S. Eastern Time (8:30 P.M. Beijing/Hong Kong Time) to discuss the financ ...

Yatsen Holding Limited (NYSE:YSG) Q3 2023 Earnings Conference Call November 21, 2023 7:30 AM ET Company Participants Irene Lyu - Vice President, Head, Strategic Investments and Capital Markets Jinfeng Huang - Founder, Chairman and Chief Executive Officer Donghao Yang - Chief Financial Officer Conference Call Participants Maggie Wan - CICC Operator Ladies and gentlemen, good day and welcome to the Yatsen Third Quarter 2023 Earnings Conference Call. Today’s conference is being recorded. At this time, I would ...

Exhibit 99.1 Yatsen Announces Third Quarter 2023 Financial Results and Upsizing and Extension of Share Repurchase Program Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on November 21, 2023 GUANGZHOU, China, November 21, 2023 – Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading China-based beauty group, today announced its unaudited financial results for the third quarter ended September 30, 2023, and upsizing and extension of the share repurchase program. Third Quarter 202 ...