Yatsen Holding(US:YSG)2025-08-21 11:30Financial Performance - Total net revenues reached RMB 1086.7 million, a 36.8% year-over-year increase[24] - Skincare brands experienced significant revenue growth of 78.7% year-over-year, reaching RMB 581.3 million[24] - The company achieved a non-GAAP net income of RMB 11.5 million, compared to a non-GAAP net loss of RMB 74.9 million in the prior year period[26] - GAAP net loss was RMB 19.5 million, narrowed from a loss of RMB 85.5 million in the same period last year[26] - Gross margin increased by 1.5 percentage points year-over-year to 78.3%[10, 45] - Net cash generated from operating activities was RMB 77.7 million[10] Market and Brand Performance - Total retail sales of consumer goods in China grew by 5.4%, outpacing the 2.6% growth in beauty retail sales[19, 20, 21] - Combined net revenues for Galénic, DR.WU (mainland China business), and Eve Lom increased by 88.1% year-over-year[29] Operational Efficiency - Selling and marketing (S&M) expenses decreased as a percentage of total net revenues due to leveraging effect of higher total net revenues, from 68.6% to 66.5%[49, 51] - General and administrative (G&A) expenses also decreased as a percentage of total net revenues due to lower payroll expenses and higher total net revenues, from 15.0% to 7.7%[49, 51]