Welcome to our dedicated page for So-Young Intl news (Ticker: SY), a resource for investors and traders seeking the latest updates and insights on So-Young Intl stock.
So-Young International Inc. (SY) operates China's leading digital platform for medical aesthetics discovery and reservations. This news hub provides investors and industry observers with essential updates about the company's operational developments, strategic partnerships, and market position within the evolving healthcare services sector.
Track official press releases covering quarterly earnings, technology initiatives, and provider network expansions alongside curated analysis of SY's unique vertical integration model. Our repository includes updates on:
• Financial disclosures including SEC filings and earnings call details
• Strategic collaborations with medical equipment manufacturers and clinics
• Platform enhancements to its social community and booking systems
• Regulatory developments affecting China's medical aesthetics sector
Bookmark this page for streamlined access to verified information about SY's dual role as both digital content curator and physical service facilitator in the $10B+ Chinese medical beauty market. Check regularly for updates on how the company maintains its competitive edge through vetted provider networks and data-driven consumer insights.
So-Young International (Nasdaq: SY), China's leading aesthetic treatment platform, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the Securities and Exchange Commission on April 18, 2025.
The annual report is accessible through the company's investor relations website at ir.soyoung.com. Shareholders and ADS holders can request a complimentary hard copy of the annual report, which includes audited consolidated financial statements, by emailing ir@soyoung.com.
So-Young International (Nasdaq: SY), China's leading aesthetic treatment platform, announced that its CEO and chairman Mr. Xing Jin, through Beauty & Health Holdings , has purchased 4,544,820 American depositary shares (ADSs) representing 3,496,015.38 Class A ordinary shares in the open market on March 31, 2025.
The purchase was made at US$0.90 per ADS, totaling US$4,090,338, using personal funds. This transaction increased Jin's beneficial ownership to 24.9% of the company's outstanding shares. The purchase was executed in accordance with Rule 10b-18 of the Securities Exchange Act of 1934.
The company's directors stated that the share purchase is not expected to materially impact So-Young's financial position or business operations. Jin expressed that this purchase reflects his continued confidence in the company's long-term growth prospects.
So-Young International (SY) reported its Q4 and FY2024 financial results, showing mixed performance. Q4 total revenues decreased 5.5% to RMB369.2 million (US$50.6 million) compared to 2023. The company recorded a significant net loss of RMB607.6 million (US$83.2 million), primarily due to a one-time goodwill impairment charge of RMB540.0 million for Wuhan Miracle subsidiary.
Notable operational highlights include the expansion to 19 aesthetic centers across nine major cities, with 11 centers achieving positive monthly operating cash flow. Aesthetic treatment services revenue grew substantially by 701.6% to RMB81.3 million. The company maintains a 60% customer retention rate and served over 1,200 institutions with supply chain solutions.
The board declared a special cash dividend of US$0.03445 per ordinary share (US$0.0265 per ADS), with approximately US$3 million total distribution planned for April 25, 2025.
So-Young International (NASDAQ: SY), China's largest medical aesthetics social community, has announced a rescheduling of its Q4 and full year 2024 financial results release. The results will now be presented before U.S. markets open on March 28, 2025, followed by a management earnings conference call at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time) on the same day.
So-Young International (NASDAQ: SY), China's leading social community platform in the medical aesthetics industry, has announced it will release its Q4 and full year 2024 financial results on March 20, 2025, before U.S. markets open.
The company will host an earnings conference call on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time). A telephone replay will be available until March 27, 2025, and interested parties can also access the webcast through the company's investor relations website.
So-Young International (NASDAQ: SY) announced its transfer from Nasdaq Global Market to Nasdaq Capital Market, effective February 27, 2025. This transition follows the company's non-compliance with Nasdaq's minimum bid price requirement, as its ADS price remained below $1.00 for 30 consecutive business days since August 29, 2024.
The transfer will not impact ADS trading, which continues under the symbol 'SY'. With this move, Nasdaq has granted So-Young an additional 180-day period until August 25, 2025, to regain compliance by maintaining a closing bid price above $1.00 for at least 10 consecutive business days. The company, China's largest medical aesthetics social community, is actively monitoring its ADS price and exploring options to address this deficiency.
So-Young International reported Q3 2024 financial results with total revenues of RMB371.8 million (US$53.0 million), down 3.5% year-over-year but exceeding guidance. Net income rose to RMB20.3 million (US$2.9 million), up from RMB18.3 million in Q3 2023. Sales of medical products grew 18.7% year-over-year, while information services revenue declined 8.0%. The company expanded its clinic network to 16 stores and improved operational efficiency, resulting in an 8.1% decrease in operating expenses. For Q4 2024, So-Young expects revenues between RMB350.0-370.0 million, representing a 5.3-10.4% year-over-year decrease.
So-Young International Inc. (NASDAQ: SY), China's largest medical aesthetics social community, has announced it will release its third quarter 2024 financial results on November 20, 2024, before U.S. markets open. The company will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day. A telephone replay will be available until November 27, 2024, and a webcast will be accessible through the company's investor relations website.
So-Young International Inc. (Nasdaq: SY), China's largest medical aesthetics social community, has received a notification from Nasdaq due to its American depositary shares (ADSs) closing bid price falling below $1.00 for 30 consecutive business days. This violates Nasdaq Listing Rule 5450(a)(1). The company has been given a 180-day compliance period until February 24, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days. If unsuccessful, So-Young may be eligible for an additional 180-day period, subject to meeting other listing requirements. The company assures that this notice does not affect its current listing, trading, or business operations, and it will take all reasonable measures to regain compliance within the grace period.
So-Young International Inc. (Nasdaq: SY) reported its Q2 2024 financial results. Total revenues were RMB407.4 million (US$56.1 million), slightly down 1.1% year-over-year but exceeding guidance. The company achieved net income of RMB18.9 million (US$2.6 million), compared to a net loss in Q2 2023. Non-GAAP net income increased to RMB22.2 million (US$3.1 million).
Key highlights include a 22.6% increase in sales of medical products and maintenance services. The company opened 14 new clinics across eight core cities. However, average mobile MAUs decreased to 1.5 million from 3.0 million in Q2 2023. For Q3 2024, So-Young expects total revenues between RMB350.0 million and RMB370.0 million, representing a 9.2% to 4.0% year-over-year decrease.
