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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 Limited, a prominent beauty company based in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022. This report was submitted to the U.S. Securities and Exchange Commission on April 26, 2023, and is accessible via the Company's investor relations website as well as the SEC's site. Yatsen has established itself as a major player in the beauty industry, launching and acquiring various cosmetics and skincare brands since its inception in 2016. Its flagship brand, Perfect Diary, is noted for being a leading cosmetics brand in China based on retail sales value. Shareholders can request a hard copy of the annual report free of charge.
Yatsen Holding Limited (YSG) reported its financial results for Q4 and full year 2022, indicating a challenging year for the company. Total net revenues for Q4 decreased by 34.2% to RMB1.01 billion (US$145.8 million), with a full-year revenue drop of 36.5% to RMB3.71 billion (US$537.3 million).
Despite the overall decline, revenues from skincare brands surged by 42.4% in Q4, accounting for 46.9% of total revenues. Yatsen achieved a significant reduction in net loss for the fourth quarter, which fell 88.4% to RMB55.0 million (US$8.0 million).
Yatsen Holding Limited (NYSE: YSG), a prominent Chinese beauty company, will release its unaudited financial results for the fourth quarter and full year ended December 31, 2022, on March 8, 2023, before U.S. market open. A conference call is scheduled for the same day at 7:30 A.M. U.S. Eastern Time to discuss the results. The company's flagship brand, Perfect Diary, is recognized as a leading player in China's color cosmetics sector. To facilitate investor engagement, an archived webcast of the call will be available on their investor relations website.
Yatsen Holding Limited (NYSE: YSG) reported a 36.1% decline in total net revenues for Q3 2022, totaling RMB857.9 million (US$120.6 million) compared to RMB1.34 billion in the previous year. Skincare Brands revenues saw an increase of 33.0% to RMB269.4 million (US$37.9 million), now constituting 31.4% of total revenues. Despite a gross profit decrease of 35.2% to RMB591.3 million, gross margin improved to 68.9%. The net loss narrowed by 41.7% to RMB210.7 million. For Q4 2022, Yatsen anticipates total net revenues of RMB916.7 million to RMB1.07 billion, reflecting a year-over-year decline of 30% to 40%.
Yatsen Holding Limited (NYSE: YSG), a leading Chinese beauty company, will release its unaudited financial results for Q3 2022 on November 22, 2022, prior to the U.S. market opening. Management will discuss these results in a live conference call on the same day at 7:30 A.M. ET. The call can be accessed via several contact numbers for various regions, including toll-free options for the U.S. and mainland China. A webcast of the call will be available on the company's investor relations website.
Yatsen Holding Limited (NYSE: YSG) reported its second-quarter 2022 results, revealing a 37.6% decline in total net revenues to RMB951.8 million (US$142.1 million), mainly due to a 50.5% drop in Color Cosmetics revenue. Conversely, net revenues from Skincare Brands surged by 49.2% to RMB317.8 million, now representing 33.4% of total revenues. The company achieved a net loss of RMB264.3 million (US$39.5 million), a 32.4% decrease year-over-year. Despite challenges, Yatsen generated RMB111.9 million in net cash from operating activities, with a cash balance of RMB3.06 billion.
Yatsen Holding Limited (NYSE: YSG), a prominent player in China's beauty market, announced it will disclose its unaudited financial results for Q2 2022 on August 25, 2022, before U.S. market opening. Management will host a conference call at 7:30 AM ET to discuss these results. Yatsen continues to evolve its diverse portfolio, which includes popular brands like Perfect Diary and Dr. Wu, aiming to enhance beauty experiences for consumers.
Yatsen Holding Limited (NYSE: YSG) announced on August 2, 2022, that it has regained compliance with the NYSE's minimum share price requirement, as detailed in a letter received from the exchange on August 1, 2022. The compliance issue arose after the average closing price of the Company's American depositary shares fell below $1.00 for 30 consecutive trading days, a situation previously communicated in an April 11, 2022 letter. Yatsen's recovery reflects its adherence to NYSE listing standards, enhancing investor confidence and market standing.
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