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NYSE · PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS · MID CAP

Yatsen Holding Ltd. YSG

8 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 4.3B
▲ 26.7% YoY
CNY -80.9M
CNY -136.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of December 31, 2025, it operated a total of 77 stores. As of December 31, 2025, its patent portfolio consisted of 269 items, including 10 utility model patents, 158 design patents, 72 invention patents and 29 patents pending approval worldwide. Its research and development activities are anchored by a global R&D center in Shanghai. Its Skincare Brands — Galénic, DR.WU and Eve Lom, among others — offer products built on particular formulas, ingredients and packaging. Its Color Cosmetics Brands — Perfect Diary, Little Ondine and Pink Bear, among others — offer color cosmetics products including lip, face and eye products. Yatsen was founded in 2016.

Written from the business description in Yatsen Holding Ltd's annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 4.3B
Revenue, FY2025 · full 8-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 4.3 · Net income -0.1
2.5B5.0B-1.0B-2.0B
2018202120242025
Compound annual growth
+5.1%
−3.9%
−45.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.3% · Net -2.2%
-20%-40%
201820212025
ROE
FY2025 · ROE -2.7%
-10%-20%
201820212025
Three returns, three denominators.

Each CNY of equity lost 3 cents this year.

Cash & shareholders

CNY 105.5M
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF -0.1
-0.5B-1.0B
201820212025
Net buybacks CNY B Dividends CNY B
FY2025 · Dividends · · Net buybacks 0.1
0.25B0.50B-1.50B-3.00B
2019202020212022202320242025

CNY 105.5M in buybacks went back to shareholders in a year without profit.

Total assetsCNY 3.8B
EquityCNY 3.0B
CashCNY 765.4M
Current ratio3.63×

Equity funds 78% of total assets.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
YSG, 8-year financial record
Metric 20252024202320222021202020192018
Revenue CNY B4.33.43.43.75.85.23.00.6
Operating income CNY B−0.2−0.8−0.9−0.9−1.6−2.70.1−0.0
EBITDA CNY B−0.1−0.8−0.9−0.8−1.5−2.60.2−0.0
Income tax CNY B−0.0−0.0−0.00.0−0.00.00.10.0
Net income CNY B−0.1−0.7−0.7−0.8−1.5−2.70.1−0.0
Free cash flow CNY B−0.1−0.3−0.20.1−1.2−1.2−0.1−0.1
EPS, diluted CNY −0.04−0.35−0.34−0.34−0.61−4.78−0.10−0.17
Dividend / sh CNY ◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————
ROE %−2.7−19.7−16.9−15.7−24.6———
Shares out B◌◌◌◌◌◌0.57◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 24 checks were skipped: the balance sheet is not tagged before 2019. 11 checks were skipped: EPS is not tagged before 2018. 11 checks were skipped: revenue is not tagged before 2018.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPerfumes, Cosmetics & Other Toilet Preparations
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2018

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