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MARKETS / NYSE / YSG
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
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
2B4B-1B-2B20182019202020212022202320242025
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 five years.

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%20182019202020212022202320242025
ROE
FY2025 · ROE -2.7%
-20%-40%-60%20182019202020212022202320242025

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-1.0B20182019202020212022202320242025
Net buybacks CNY B Dividends CNY B
FY2025 · Dividends — · Net buybacks 0.1
0.25B0.50B-2.00B2019202020212022202320242025

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
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 %········
ROE %−2.7−19.7−16.9−15.7−24.6−79.1··
Shares out B······0.57·

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

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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