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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 (NYSE: YSG) reported a 38.3% decline in total net revenues for Q1 2022, totaling RMB891.0 million (US$140.5 million), primarily due to a 45.6% decrease in color cosmetics sales. However, skincare revenue surged by 68.5% to RMB182.7 million, representing 20.5% of total revenue. The net loss narrowed by 8.7% to RMB291.4 million (US$46.0 million), while non-GAAP net loss decreased by 33.6% to RMB155.6 million (US$24.5 million). Yatsen anticipates Q2 2022 revenues to decline 37% to 47% year-over-year.
Yatsen Holding Limited (NYSE: YSG), a prominent player in China's beauty market, will announce its unaudited financial results for Q1 2022 on May 24, 2022, before U.S. market opens. The management will host a conference call that day at 7:30 AM ET to discuss these results. Yatsen, founded in 2016, offers various beauty brands including Perfect Diary, and utilizes a direct-to-consumer model to engage customers both online and offline.
On May 6, 2022, Yatsen Holding Limited (NYSE: YSG) announced its provisional identification by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA). This follows the filing of its annual report for the fiscal year ended December 31, 2021. The identification indicates that the SEC determined the audit firm used by Yatsen was not fully inspectable by the PCAOB. If identified for three consecutive years, YSG shares may be prohibited from trading on U.S. exchanges. Yatsen is exploring solutions to protect stakeholder interests while aiming to maintain its NYSE listing.
Yatsen Holding Limited (NYSE: YSG), a prominent Chinese beauty company, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC on April 22, 2022. This report is accessible on the Company's investor relations website and the SEC's site. Yatsen aims to enhance consumer beauty experiences with brands like Perfect Diary and DR.WU, showcasing its strong e-commerce presence across major platforms in China. Shareholders can request hard copies of the report at no charge.
Yatsen Holding Limited (NYSE: YSG) has received a notification from the NYSE stating that it is non-compliant due to its American depositary shares trading below $1.00 for 30 consecutive days as of April 11, 2022. The company has a six-month period to rectify this by achieving a closing price of at least $1.00. If compliance is not restored, delisting procedures will commence. Yatsen plans to monitor market conditions and explore options to resolve this issue and prevent any potential delisting.
Yatsen Holding Limited (NYSE: YSG) announced its fourth quarter and full year 2021 financial results on March 10, 2022. Fourth quarter net revenues fell 22.1% to RMB1.53 billion (US$239.8 million), while full-year revenues rose 11.6% to RMB5.84 billion (US$916.4 million>. Gross margin for Q4 was 65.0%, slightly down from 66.3% a year prior, yet annual gross margin improved to 66.8%. Despite challenges impacting the cosmetics segment, the company noted robust skincare sales. Yatsen expects Q1 2022 revenues to decline 35% to 40% year-over-year.
Yatsen Holding Limited (NYSE: YSG) will announce its unaudited financial results for the fourth quarter and full year ending December 31, 2021, on March 10, 2022, before U.S. markets open. A conference call is scheduled for the same day at 7:30 AM ET to discuss the results, with access numbers provided for listeners. Yatsen has established itself as a leading player in China's beauty market since its founding in 2016, leveraging a direct-to-customer model with various successful brands, including Perfect Diary. For more details, visit their investor relations website.
Yatsen Holding Limited (NYSE: YSG) reported a 6.0% increase in total net revenues for Q3 2021, amounting to RMB1.34 billion (US$208.4 million). Gross profit rose by 9.6% to RMB911.8 million (US$141.5 million), with a gross margin of 67.9%. Operating expenses decreased by 13.2% year-over-year, reflecting improved cash management. Notably, the company approved a US$100 million share repurchase program. However, the outlook for Q4 anticipates a revenue decline of 15% to 20%, attributed to high comparisons and soft color cosmetics sales.
Yatsen Holding Limited (NYSE: YSG), a top Chinese beauty company, will announce its third-quarter 2021 financial results on November 18, 2021, before U.S. market opening. A conference call is scheduled for the same day at 7:30 am ET to discuss these results. The call can be accessed via multiple international numbers. Yatsen aims to enhance beauty discovery for consumers globally, having launched several notable brands like Perfect Diary and DR.WU. The company's investor relations website will stream the call live and provide archived access.
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