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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 robust 53.5% increase in net revenues for Q2 2021, reaching RMB1.53 billion (US$236.2 million), driven by a growth in Direct-to-Consumer (DTC) customers and the success of its brands. Gross profit rose to RMB1.00 billion (US$155.2 million), reflecting a gross margin of 65.7%. Despite increased operating expenses, the company improved its net loss margin to 25.7%. Yatsen anticipates net revenues for Q3 2021 to range between RMB1.33 billion to RMB1.39 billion, signifying a growth of 5% to 10% year-over-year.
Yatsen Holding Limited (NYSE: YSG), a leading beauty company in China, will release its Q2 2021 financial results on August 26, 2021, before U.S. markets open. A conference call is scheduled for the same day at 7:30 am ET to discuss these results. Investors can dial in for the call or access a live webcast on the company's investor relations website. Yatsen operates multiple cosmetics brands, including Perfect Diary, which is a top seller in China's online retail market.
Yatsen Holding Limited (NYSE: YSG) reported a strong first quarter for 2021, with total net revenues reaching RMB1.44 billion (US$220.5 million), a 42.7% increase year-over-year. Gross profit surged 58.8% to RMB991.6 million (US$151.3 million), while gross margin improved to 68.6%. The company experienced an 11.6% rise in DTC customers, totaling 9.6 million. Despite these gains, Yatsen posted a net loss of RMB319.0 million (US$48.7 million). For Q2 2021, Yatsen anticipates revenues between RMB1.49 billion and RMB1.54 billion, reflecting approximately 50-55% growth.
Yatsen Holding Limited (NYSE: YSG) will announce its Q1 2021 financial results on May 19, 2021, before U.S. market open. A conference call is scheduled for the same day at 7:30 AM Eastern Time, where the company will discuss the results. Yatsen, a prominent player in the China beauty market, has successfully launched and acquired seven brands since its inception in 2016. The flagship brand, Perfect Diary, has achieved significant market presence. A live webcast of the call will be available on the company's investor relations website.
Yatsen Holding Limited (NYSE: YSG) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 21, 2021. The report is accessible on the company's investor relations website and the SEC's site. Yatsen is recognized as a leader in China’s beauty market, having launched and acquired seven brands, including Perfect Diary, which is now the top color cosmetics brand in China by online retail sales. The company utilizes a digitally native direct-to-customer model to effectively engage with consumers across various platforms.
Yatsen Holding Limited (NYSE: YSG) reported impressive unaudited financial results for Q4 and full year 2020. Q4 net revenues surged by 71.7% to RMB 1.96 billion (US$300.6 million), with gross profit increasing 81.6% to RMB 1.30 billion (US$199.4 million). The gross margin improved to 66.3% from 62.7%. However, the company faced a significant operating loss of RMB 1.53 billion (US$235.1 million) for Q4. For 2021, Yatsen expects Q1 revenues to be between RMB 1.37 billion and RMB 1.42 billion, indicating a 35%-40% growth rate.
Yatsen Holding Limited (NYSE: YSG) will announce its fourth quarter and full year financial results for 2020 on March 11, 2021. The announcement will be followed by a conference call at 7:30 AM ET to discuss the details with investors. Yatsen is positioned as a leader in China's beauty market, operating brands like Perfect Diary and Little Ondine. The company leverages a digital direct-to-customer model to engage consumers across major e-commerce and social platforms.
Yatsen Holding Limited (NYSE: YSG) announced the acquisition of the prestigious skincare brand Eve Lom from Manzanita Capital on March 2, 2021. This strategic move aims to enhance Yatsen's portfolio in the rapidly growing China beauty market. The acquisition, expected to finalize in weeks, allows Manzanita to retain a minority stake and continue as a strategic partner. Eve Lom, known for its luxurious products and strong market presence in Asia, is anticipated to benefit from Yatsen's e-commerce capabilities and brand-building expertise, further driving growth and profitability.
Yatsen Holding Limited (NYSE: YSG) has announced a strategic collaboration with Sensient Technologies Corporation to establish Innovative Color Laboratories in Shanghai, Guangzhou, and Singapore. This partnership aims to leverage Sensient’s expertise in developing safe cosmetic ingredients and Yatsen’s experience in skincare to create new formulated solutions that align with global cosmetic trends. The laboratories will focus on R&D of innovative colors and materials, as well as quality control for raw materials, enhancing Yatsen's product offerings in the competitive beauty market.
Yatsen Holding Limited (NYSE: YSG) announced the pricing of its initial public offering (IPO) of 58,750,000 American depositary shares (ADSs) at US$10.50 each, totaling US$616.9 million. Trading is expected to begin on the NYSE today under the ticker symbol YSG. The IPO will close on November 23, 2020, pending customary conditions. The underwriters have a 30-day option to purchase an additional 8,812,500 ADSs. Joint bookrunners include Morgan Stanley, Goldman Sachs, and China International Capital Corporation.
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