Yatsen Holding Limited (YSG) — Financial statements
Income statement, balance sheet, and cash flow for Yatsen Holding Limited — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,181↑21.5% | 3,442↑0.8% | 3,414↓9.5% | 3,771↓34.6% | 5,764 | |
| Cost of Revenue | 870↑10.5% | 787↓12.7% | 901↓25.4% | 1,208↓36.9% | 1,916 | |
| Gross Profit | 3,311↑24.8% | 2,654↑5.6% | 2,513↓2.0% | 2,563↓33.4% | 3,848 | |
| Operating Expenses | ||||||
| R&D Expenses | 134↑20.5% | 111↓0.8% | 112↓13.5% | 129↓7.9% | 140 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,317↑11.6% | 2,971↑0.4% | 2,961↓12.4% | 3,379↓36.4% | 5,311 | |
| Other Expenses | 42 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 3,492↑13.3% | 3,082↑0.3% | 3,072↓12.4% | 3,508↓35.6% | 5,452 | |
| Total Costs & Expenses | 4,362↑12.7% | 3,869↓2.6% | 3,974↓15.8% | 4,716↓36.0% | 7,368 | |
| Operating Results | ||||||
| Operating Income | -181↑57.8% | -428↑23.5% | -559↑40.8% | -945↑41.0% | -1,603 | |
| Depreciation & Amortization | 0.00↓100.0% | 223↑9.7% | 203↓41.1% | 345↓18.1% | 422 | |
| EBITDA | -181↑64.0% | -502↑10.4% | -560↓11.9% | -501↑55.0% | -1,112 | |
| EBIT | -181↑75.1% | -725↑5.1% | -763↑9.7% | -846↑44.9% | -1,534 | |
| Interest & Other Income | ||||||
| Net Interest Income | 40↓54.0% | 86↓3.2% | 89↑156.9% | 35↓24.1% | 46 | |
| Interest Income | 40↓54.0% | 86↓3.2% | 89↑156.9% | 35↓24.1% | 46 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00↓100.0% | 297↑45.4% | 204↑305.4% | -99↓43.3% | -69 | |
| Other Income / Expenses | 91↑130.7% | -296↓52.3% | -194↓273.0% | 112↑49.0% | 75 | |
| Income Before Tax | -90↑87.6% | -723↑4.0% | -753↑9.6% | -833↑45.5% | -1,528 | |
| Income Tax Expense | -0.11↑96.6% | -3↑2.5% | -3↓216.6% | 3↑402.8% | -0.91 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -90↑87.5% | -720↑4.0% | -750↑10.2% | -836↑45.3% | -1,527 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -79↑89.0% | -718↑3.6% | -745↑10.2% | -830↑45.4% | -1,521 | |
| Bottom-Line Net Income | -79↑89.0% | -718↑3.9% | -748↑9.9% | -830↑45.4% | -1,521 | |
| EPS (Basic) | -0.84↑88.0% | -7.00↓2.9% | -6.80↑8.1% | -7.40↑39.3% | -12.20 | |
| EPS (Diluted) | -0.84↑88.0% | -7.00↓2.9% | -6.80↑8.1% | -7.40↑39.3% | -12.20 | |
| Weighted Average Shares | 93↓7.9% | 101↓7.9% | 110↓1.2% | 111↓12.0% | 126 | |
| Weighted Average Diluted Shares | 93↓8.0% | 101↓7.8% | 110↓2.3% | 112↓11.1% | 126 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.