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Yatsen Holding Limited (NYSE: YSG) is a prominent China-based beauty group committed to creating an exciting new journey of beauty discovery for consumers globally. Founded in 2016 by alumni from Sun Yat-sen University, the company was named in honor of Dr. Sun Yat-sen, reflecting its strong roots and forward-thinking vision.
Yatsen's portfolio boasts renowned brands such as Perfect Diary, Little Ondine, Abby's Choice, Galénic, DR.WU (mainland China business), Eve Lom, and Pink Bear. The flagship brand, Perfect Diary, has rapidly ascended to become a leading color cosmetics brand in China in terms of online retail sales value.
The company operates primarily through a digitally native direct-to-consumer business model. This approach leverages expansive e-commerce, social, and content platforms to reach and engage customers. Yatsen continues to innovate and expand its product line, setting new trends in the beauty market with high-quality, creative, and surprising products.
In recent developments, Yatsen announced its unaudited financial results for the third quarter of 2023, with significant focus on strategic transformation and brand equity enhancement. Despite the uncertainties in consumer demand, the company recorded growth in its clinical and premium skincare brands and has been actively upgrading Perfect Diary's visual identity and product offerings.
Financially, Yatsen reported third-quarter total net revenues of RMB718.1 million (approx. US$98.4 million), a 16.3% decrease year-over-year, primarily due to a decline in net revenues from Color Cosmetics Brands. However, the gross margin improved to 71.4%, driven by higher-margin product sales and cost optimization.
Yatsen's strategic initiatives include the extension and upsizing of its share repurchase program, indicating a commitment to enhancing shareholder value. Additionally, the company is planning multiple new product launches and brand campaigns, setting the stage for future growth.
For more detailed financial information, Yatsen's complete quarterly and annual reports are available on its investor relations website.
Yatsen Holding (NYSE: YSG) reported Q3 2024 financial results showing total net revenues decreased by 5.7% to RMB677.0 million (US$96.5 million). Despite industry challenges, Skincare Brands revenue increased by 3.6% to RMB267.9 million. Gross margin improved to 75.9% from 71.4% year-over-year. The company reported a net loss of RMB121.1 million, narrowed from RMB197.9 million in the prior year period. For Q4 2024, Yatsen expects total net revenues between RMB1.07 billion and RMB1.18 billion, representing a year-over-year increase of 0% to 10%.
Yatsen Holding (NYSE: YSG), a leading China-based beauty group, has scheduled the release of its unaudited financial results for the third quarter of 2024 on Wednesday, November 20, 2024, before U.S. markets open. The company will host a conference call at 7:30 A.M. U.S. Eastern Time on the same day to discuss the results. An archived webcast will be available on the company's investor relations website, and a conference call replay will be accessible until November 27, 2024.
Yatsen Holding , a leading Chinese beauty group, has published its 2023 Environmental, Social and Governance (ESG) Report. The company retained its MSCI ESG Rating of A for the second consecutive year, outperforming industry averages in key areas such as product packaging, waste management, product carbon footprint, and chemical safety.
Highlights of Yatsen's ESG achievements include:
- Highest-rated company in the Chinese beauty industry by MSCI
- R&D investment reached 3.3% of total net revenues
- Established a cutting-edge beauty factory and three independent R&D centers
- Introduced numerous technological innovations as part of 'Yatsen's Road of Science and Technology'
CEO Jinfeng Huang emphasized the company's commitment to green practices, R&D, and innovation while prioritizing business growth and commercial integrity for a sustainable future.
Yatsen Holding (NYSE: YSG), a leading China-based beauty group, reported its Q2 2024 financial results. Total net revenues decreased by 7.5% to RMB794.5 million (US$109.3 million). Skincare Brands' revenues remained flat at RMB325.2 million (US$44.8 million), accounting for 40.9% of total net revenues. Gross margin improved to 76.7% from 74.7% in the prior year period. Net loss decreased by 21.2% to RMB85.5 million (US$11.8 million). The company faced challenges due to subdued beauty industry performance in China. Despite this, Yatsen's three major clinical and premium skincare brands achieved combined net revenue growth. For Q3 2024, the company expects total net revenues between RMB646.3 million and RMB718.1 million, representing a year-over-year decrease of 0% to 10%.
Yatsen Holding (NYSE: YSG), a leading China-based beauty group, has announced it will release its unaudited financial results for the second quarter of 2024 on Tuesday, August 20, 2024, before the U.S. markets open. The company's management will hold a conference call on the same day at 7:30 A.M. U.S. Eastern Time (7:30 P.M. Beijing/Hong Kong Time) to discuss the financial results. Investors and analysts can access the call via various toll-free and international numbers. A live and archived webcast of the conference call will be available on Yatsen's investor relations website. Additionally, a replay of the call will be accessible by phone for one week after the live call.
Yatsen Holding (NYSE: YSG), a prominent China-based beauty group, announced a revised revenue outlook for Q2 2024. The company now anticipates revenue to fall between RMB772.7 million and RMB815.6 million. This adjustment reflects a year-over-year decline of roughly 5% to 10%, a significant drop from the prior forecast of RMB858.6 million to RMB901.5 million, which estimated a flat to modest increase of 0% to 5%. This revision is based on Yatsen's current assessment of market and operational conditions.
Yatsen Holding (NYSE: YSG) reported a 1.0% YoY increase in net revenues to RMB773.4 million (US$107.1 million) in Q1 2024. However, the company experienced a net loss of RMB124.9 million (US$17.3 million), contrasting with a net income of RMB50.7 million in the prior year. Gross margin improved to 77.7% from 74.3%. Operating expenses rose significantly by 31.7%, impacting the overall profitability. The company aims to strengthen its product portfolio and market position moving into Q2 2024.
Yatsen Holding (NYSE: YSG), a leading beauty group in China, will release its unaudited financial results for Q1 2024 on May 22, 2024, before the U.S. markets open.
A management conference call will be held the same day at 7:30 A.M. U.S. Eastern Time (7:30 P.M. Beijing/Hong Kong Time) to discuss the results.
Listeners can join via provided toll-free and international numbers. A webcast will be available on the company's investor relations website. Replay access will be available until May 29, 2024.
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